High Adjustable Speed Research Articles

Financial deregulation, demand for narrow money and monetary policy in Australia

This paper examines the long-run relationship between narrow money and output, interest rate, and price level in Australia for the period 1970–1993 with quarterly seasonally adjusted data using the concept of cointegration. The results suggest the presence of a long-run demand function, the absence of instability in the relationship in the face of deregulation/innovation in the Australia's financial system around 1980. The results also indicate the rejection of price homogeneity in the demand equation vindicating this specification in terms of nominal money balances. The underlying latent relationship is further promoted by a high speed of short-run adjustment evidenced from an analysis of short-run dynamics. All the estimated elasticities proved significant and were correctly signed.

DYNAMIC RESERVE ADJUSTMENT UNDER VARYING BALANCE OF PAYMENTS POSITIONS

Most studies on dynamic reserve demand assume that countries respond symmetrically to positive and negative deviations of actual From desired reserves. The present study demonstrates that for a sample of developed countries (DCs), balance of payments deficits induce a faster response (higher speed of adjustment) than do surpluses. The opposite is true for the sample of developing countries (LDCs) tested. However, the size of the gap rather than whether excess demand is positive or negative seems to be the determining factor of adjustment speeds in the case of the LDC sample. [F 31]

Dynamic Reserve Adjustment Under Varying Balance of Payments Positions

Most studies on dynamic reserve demand assume that countries respond symmetrically to positive and negative deviations of actual From desired reserves. The present study demonstrates that for a sample of developed countries (DCs), balance of payments deficits induce a faster response (higher speed of adjustment) than do surpluses. The opposite is true for the sample of developing countries (LDCs) tested. However, the size of the gap rather than whether excess demand is positive or negative seems to be the determining factor of adjustment speeds in the case of the LDC sample. [F 31]

Frequency stabilization of laser resonators using a new temperature-compensated piezo-mirror translator

For frequency stabilization and tuning of active and passive laser resonators, a new temperature-compensated piezo-mirror translator has been developed. It has compact size, high mechanical stability, high-voltage tensile strength, high adjustable speed, and low cost. It allows one to suppress, efficiently, frequency changes of laser resonators if a suitably high voltage is applied to it.

New piezo-mirror translator for frequency stabilisation of laser oscillators

For frequency stabilisation and tuning of active and passive laser oscillators, a new construction of piezo-mirror translator has been developed. It has compact size, high mechanical stability, high voltage tensile strength, high adjustable speed and low cost. If it is driven by an appropriate control electronics, it allows to suppress efficiently the frequency changes of laser cavities.

Airscrews as Landing Brakes

SINCE the first successful flight tests were made with the Escher Wyss airscrew some years ago, this type has been distinguished in this sphere by several fundamental innovations . From the beginning a very high speed of adjustment of approximately 8 deg./sec. was attained in normal operation as an automatic, constant‐speed airscrew. This property and the wide range of speed control between 100 per cent and approximately 40 per cent of the rated r.p.m. made it possible completely to release the pilot from control of the airscrew. Thus the problem of the automatic airscrew was finally solved (Fig. 1). That this solution was satisfactory has been proved by many years' service under the most stringent conditions in the Swiss Air Force.