Dopamine, dobutamine, digitalis, and diuretics during intraaortic balloon support

Size: px
Start display at page:

Download "Dopamine, dobutamine, digitalis, and diuretics during intraaortic balloon support"

Transcription

1 Dopamine, dobuamine, digialis, and diureics during inraaoric balloon suppor Sephen Slogoff, M.D. n his presenaion, should like o discuss some conceps of drug herapy for inraaoric balloon paiens. Figure 1 shows our Texas Hear nsiue (TH) paien classificaion diagram. These daa, compiled over a 1-year period, characerize paiens' condiions 24 hours posoperaively or pos-inraaoric balloon inserion. Paiens in Class A have essenially a 100% chance of survival; hose in Class B have abou an 80% chance; and hose in Class C have no chance of survival. Therefore, i is imperaive o manipulae paiens pharmacologically in such a way as o remove hem from Class C. To move paiens ino Class B or Class A, we mus increase heir cardiac oupu. Because mos of hese paiens are suffering from coronary arery disease, however, i is imporan o minimize or a leas no increase myocardial oxygen consumpion. Achieving an accepable balance beween hese wo hemodynamic funcions makes managing such paiens difficul. Cardiac oupu is proporionae o hear rae imes conraciliy, imes preload or wedge pressure (which is wha we measure), divided by aferload. n oher words, cardiac oupu rises wih an increase in hear rae, conraciliy, or filling pressure, and i falls wih a decrease in peripheral vascular resisance (Fig. 2). Myocardial oxygen consumpion, which mus be kep as low as possible, also increases proporionaely wih hear rae, conraciliy, filling pressure, and aferload (Fig. 2). There- Presened a he Seminar and Workshop: Advances in nraaoric Balloon Pumping, Texas Hear nsiue, Houson, March 8, Address for reprins: Sephen Slogoff, M.D., Deparmen of Aneshesiology, Texas Hear nsiue, P.O. Box 20269, Houson, Texas Cardiovascular Diseases, Bullein of he Texas Hear nsiue Volume 7 Number 3 Sepember

2 fore, cardiac oupu frequenly mus be augmened a he expense of myocardial oxygen consumpion, and, conversely, myocardial oxygen consumpion ofen mus be lowered a he expense of cardiac oupu. Figure 3 illusraes he hemodynamic effecs of inraaoric balloon pumping. The hear rae is diminished, and conraciliy is essenially unaffeced. Reducions in sysemic vascular resisance, preload, and lef venricular end-diasolic pressure lead o a decrease in oxygen consumpion. All indices of myocardial oxygen consumpion are eiher reduced or unchanged. Moreover, because of diasolic augmenaion, coronary perfusion is increased; he cardiac oupu is also measurably increased. Even wih balloon assisance, however, many paiens are sill inadequaely perfused. Figure 4 shows drugs ha a paien in Class C or Class B can receive during he posoperaive period when pharmacologic suppor is needed in addiion o he balloon. High-dose dopamine (2 1O,g/kg/min) significanly increases he hear rae and conraciliy as a resul of is bea effec; i also significanly augmens sysemic vascular resisance as a resul of alpha simulaion, bu of iself probably has no direc effec on end-diasolic or wedge pressure. s ne effec is an increase in myocardial oxygen consumpion. Therefore, alhough highdose dopamine augmens he cardiac oupu, i also causes he already compromised myocardium o increase is oxygen deb. Dobuamine, which has recenly been made available o he general medical communiy, produces effecs similar o hose of high-dose dopamine. Alhough dobuamine does no cause a marked increase in hear rae, i does significanly increase conraciliy by means of bea simulaion. also enhances sysemic vascular resisance wihou significanly changing end-diasolic pressure. augmens oxygen consumpion and cardiac oupu. Epinephrine, like dobuamine, produces an increase in oxygen consumpion and cardiac oupu. Digialis, a long-acing inoropic agen, causes a reduced hear rae and increased conraciliy. Alhough i does no have a marked longerm effec on sysemic vascular resisance, digialis does produce a reducion in end-diasolic pressure. Because of enhanced conraciliy. however, is ne effec is o increase boh oxygen consumpion and cardiac oupu. Because of he risk of digialis-induced arrhyhmias, his drug is rarely indicaed for balloon paiens, who frequenly are oliguric and are herefore more suscepible o digialis oxiciy. Besides augmening he cardiac oupu, all of he aforemenioned drugs also increase myocardial oxygen consumpion. And for he mos par, hey increase sysemic vascular resisance, which is undesirable in balloon paiens. Figure 5 liss a second group of drugs ha are classified as vasodilaors raher han inoropic agens. The vasodilaors include niroprusside, niroglycerine, low-dose dopamine ('5,ug/kg/min), and isoproerenol. The vasodilaors ac somewha differenly from he inoropic agens. Niroprusside causes sysemic vasodilaaion, wih a decrease in filling 326

3 TH ABP/ALVAD CLASSFCATON s in _ u - CAROAC TNOEX ( L/MNM* S - CLASS A CLASS B Survival = 100% (78/78) Survival = 80% (45/56) Survival =5 1% ( /100) CLASS C SYSTEMC VASCULAR RESSTANCE ( OYNES*SEC/CMeo5 ) Fig. 1 Paien classificaion diagram. ABP = inraaoric balloon pump; ALVAD = abdominal lef venricular assis device. Co C< HR X CONTRACTLTY X PRELOAD AFTERLOAD MV02 C HR X CONTRACTLTY X PRELOAD X AFTERLOAD TH Fig. 2 Cardiac oupu rises wih an increase in hear rae, conraciliy, or filling pressure, and i falls wih a decrease in peripheral vascular resisance. ABP EFFECTS HR CONTRACTLTY SVR LVEDP MV02 CO ABP TH Fg. 3 The hemodynamic effecs of inraaoric balloon pumping. 327

4 pressure. Of iself, niroprusside does no direcly affec conraciliy, bu i does produce an increase in hear rae secondary o hypoension. Filling pressure is reduced, vascular resisance or aferload is reduced, conraciliy remains unchanged, and he hear rae is slighly increased, yielding a ne reducion in oxygen consumpion. Bu because he aferload is reduced (and cardiac oupu is inversely relaed o aferload), he adminisraion of niroprusside o paiens wih hear failure frequenly is associaed wih an increase in cardiac oupu. Alhough similar o niroprusside, niroglycerin primarily dilaes he venous circulaion; i affecs he arerial circulaion only slighly a high dosages. A reducion in oxygen consumpion may be accompanied by a drop in cardiac oupu because of he primary reducion in filling pressure. DOPAMNE (10 MCG/KG/MN) DOBUTAMNE (10 MCG/KG/MN) EPNEPHRNE (0.0' MCG/KG/MN) DGTALS NOTROPC AGENTS HR CONTRACTLTY SVR f f - ~f f f LVEDP MVO2 CO -f - - _+ T TH Fig 4 Drugs ha a paien in Class C or Class B can receive during he posoperaive period, when pharmacologic suppor is needed in addiion o he balloon. f VASODLATOR AGENTS NTROPRU-SSDE (2 MCG/K6/MN) NTROGLYCERN (1 MCG/KG/MN) DOPAMNE (5 MCG/KG/MN) SOPROTERENOL (0-02 MCG/KG/MN) HR CONTRACTLTY SVR LVEDP MVO2 CO f f T TH Fig. 5 A group of drugs classified as vasodilaors raher han inoropic agens. 328

5 TH ABP/ALVAD CLASSFCATON Niroprusside CLASS A CARDACDgli NDEX L/MNM**2 ) CLASS B.SDigilis 1. 0 Epinephrine-,-. S - Dobuomine e(hd)_dopamine(ld)-isoproerenol CLASS C SYSTEMC VASCULAR ( OYNESeSEC/NMeS ) RESSTANCE Fg. 6 Balloon classificaion diagram ploing herapeuic ranges for pharmacologic agens. Low-dose dopamine rarely produces an increase in sysemic vascular resisance, bu enhances boh conraciliy and hear rae, while leaving end-diasolic pressure unchanged. also augmens myocardial oxygen consumpion and cardiac oupu. When an inoropic agen is needed, a persuasive argumen in favor of low-dose dopamine is ha i has a dopaminergic effec-i ends o increase he urine oupu. For some reason, a hese doses, he drug is associaed wih arerial vasodilaion. soproerenol is conraindicaed excep in rare cases, because i causes a remendous increase in hear rae ha may produce a paradoxical fall in cardiac oupu and venricular irriabiliy. Our balloon classificaion diagram (Fig. 6) plos cardiac oupu agains sysemic vascular resisance wih wha is considered a saisfacory wedge pressure-approximaely 14 orr. f a paien is in Class C because of a low cardiac oupu and low sysemic vascular resisance, he needs a drug such as epinephrine, which will increase conraciliy and sysemic vascular resisance. As sysemic vascular resisance increases wihin Class C, a drug ha increases conraciliy and cardiac oupu bu has a lesser effec on sysemic vascular resisance is indicaed. Such a drug would be high-dose dopamine or dobuamine. Wih higher sysemic vascular resisances, low-dose dopamine is desirable. Besides producing vasodilaaion, low-dose dopamine will also augmen he cardiac oupu and cause a significan increase in urine oupu. 329

6 There is a group of paiens wih cardiac oupus ranging from normal o significanly reduced who are in Class C because of heir remendous peripheral vascular resisance. The adminisraion of niroprusside frequenly will benefi hese paiens and permi movemen ino an accepable hemodynamic saus. Digialis may be indicaed for he few paiens who need assisance in progressing from Class B ino Class A, bu i has no place as he primary herapeuic agen for anyone in Class C. n pracice, mos of our paiens are reaed wh niroprusside and dobuamine. We rarely appreciae how inensely vasoconsriced hese paiens are unil we acually calculae sysemic vascular resisance and find how easily cardiac oupu can be augmened by a niroprusside infusion. 330

Duration and Convexity ( ) 20 = Bond B has a maturity of 5 years and also has a required rate of return of 10%. Its price is $613.

Duration and Convexity ( ) 20 = Bond B has a maturity of 5 years and also has a required rate of return of 10%. Its price is $613. Graduae School of Business Adminisraion Universiy of Virginia UVA-F-38 Duraion and Convexiy he price of a bond is a funcion of he promised paymens and he marke required rae of reurn. Since he promised

More information

USE OF EDUCATION TECHNOLOGY IN ENGLISH CLASSES

USE OF EDUCATION TECHNOLOGY IN ENGLISH CLASSES USE OF EDUCATION TECHNOLOGY IN ENGLISH CLASSES Mehme Nuri GÖMLEKSİZ Absrac Using educaion echnology in classes helps eachers realize a beer and more effecive learning. In his sudy 150 English eachers were

More information

CAREER MAP HOME HEALTH AIDE

CAREER MAP HOME HEALTH AIDE CAREER MAP HOME HEALTH AIDE CAREER MAP HOME HEALTH AIDE Home healh aides are one of he fases growing jobs in New York Ciy. Wih more educaion, home healh aides can move ino many oher ypes of jobs in healh

More information

Economics Honors Exam 2008 Solutions Question 5

Economics Honors Exam 2008 Solutions Question 5 Economics Honors Exam 2008 Soluions Quesion 5 (a) (2 poins) Oupu can be decomposed as Y = C + I + G. And we can solve for i by subsiuing in equaions given in he quesion, Y = C + I + G = c 0 + c Y D + I

More information

4. International Parity Conditions

4. International Parity Conditions 4. Inernaional ariy ondiions 4.1 urchasing ower ariy he urchasing ower ariy ( heory is one of he early heories of exchange rae deerminaion. his heory is based on he concep ha he demand for a counry's currency

More information

GoRA. For more information on genetics and on Rheumatoid Arthritis: Genetics of Rheumatoid Arthritis. Published work referred to in the results:

GoRA. For more information on genetics and on Rheumatoid Arthritis: Genetics of Rheumatoid Arthritis. Published work referred to in the results: For more informaion on geneics and on Rheumaoid Arhriis: Published work referred o in he resuls: The geneics revoluion and he assaul on rheumaoid arhriis. A review by Michael Seldin, Crisopher Amos, Ryk

More information

Why Did the Demand for Cash Decrease Recently in Korea?

Why Did the Demand for Cash Decrease Recently in Korea? Why Did he Demand for Cash Decrease Recenly in Korea? Byoung Hark Yoo Bank of Korea 26. 5 Absrac We explores why cash demand have decreased recenly in Korea. The raio of cash o consumpion fell o 4.7% in

More information

Individual Health Insurance April 30, 2008 Pages 167-170

Individual Health Insurance April 30, 2008 Pages 167-170 Individual Healh Insurance April 30, 2008 Pages 167-170 We have received feedback ha his secion of he e is confusing because some of he defined noaion is inconsisen wih comparable life insurance reserve

More information

Morningstar Investor Return

Morningstar Investor Return Morningsar Invesor Reurn Morningsar Mehodology Paper Augus 31, 2010 2010 Morningsar, Inc. All righs reserved. The informaion in his documen is he propery of Morningsar, Inc. Reproducion or ranscripion

More information

TSG-RAN Working Group 1 (Radio Layer 1) meeting #3 Nynashamn, Sweden 22 nd 26 th March 1999

TSG-RAN Working Group 1 (Radio Layer 1) meeting #3 Nynashamn, Sweden 22 nd 26 th March 1999 TSG-RAN Working Group 1 (Radio Layer 1) meeing #3 Nynashamn, Sweden 22 nd 26 h March 1999 RAN TSGW1#3(99)196 Agenda Iem: 9.1 Source: Tile: Documen for: Moorola Macro-diversiy for he PRACH Discussion/Decision

More information

Relationships between Stock Prices and Accounting Information: A Review of the Residual Income and Ohlson Models. Scott Pirie* and Malcolm Smith**

Relationships between Stock Prices and Accounting Information: A Review of the Residual Income and Ohlson Models. Scott Pirie* and Malcolm Smith** Relaionships beween Sock Prices and Accouning Informaion: A Review of he Residual Income and Ohlson Models Sco Pirie* and Malcolm Smih** * Inernaional Graduae School of Managemen, Universiy of Souh Ausralia

More information

The Real Business Cycle paradigm. The RBC model emphasizes supply (technology) disturbances as the main source of

The Real Business Cycle paradigm. The RBC model emphasizes supply (technology) disturbances as the main source of Prof. Harris Dellas Advanced Macroeconomics Winer 2001/01 The Real Business Cycle paradigm The RBC model emphasizes supply (echnology) disurbances as he main source of macroeconomic flucuaions in a world

More information

Chapter 8: Regression with Lagged Explanatory Variables

Chapter 8: Regression with Lagged Explanatory Variables Chaper 8: Regression wih Lagged Explanaory Variables Time series daa: Y for =1,..,T End goal: Regression model relaing a dependen variable o explanaory variables. Wih ime series new issues arise: 1. One

More information

How To Calculate A Person'S Income From A Life Insurance

How To Calculate A Person'S Income From A Life Insurance How Much Life Insurance o You Need? Chris Robinson 1 and Vicoria Zaremba 2 Augus 14, 2012 Absrac We presen formal models of he differen mehods of esimaing a person s required life insurance coverage. The

More information

Performance Center Overview. Performance Center Overview 1

Performance Center Overview. Performance Center Overview 1 Performance Cener Overview Performance Cener Overview 1 ODJFS Performance Cener ce Cener New Performance Cener Model Performance Cener Projec Meeings Performance Cener Execuive Meeings Performance Cener

More information

cooking trajectory boiling water B (t) microwave 0 2 4 6 8 101214161820 time t (mins)

cooking trajectory boiling water B (t) microwave 0 2 4 6 8 101214161820 time t (mins) Alligaor egg wih calculus We have a large alligaor egg jus ou of he fridge (1 ) which we need o hea o 9. Now here are wo accepable mehods for heaing alligaor eggs, one is o immerse hem in boiling waer

More information

PROFIT TEST MODELLING IN LIFE ASSURANCE USING SPREADSHEETS PART ONE

PROFIT TEST MODELLING IN LIFE ASSURANCE USING SPREADSHEETS PART ONE Profi Tes Modelling in Life Assurance Using Spreadshees PROFIT TEST MODELLING IN LIFE ASSURANCE USING SPREADSHEETS PART ONE Erik Alm Peer Millingon 2004 Profi Tes Modelling in Life Assurance Using Spreadshees

More information

CHARGE AND DISCHARGE OF A CAPACITOR

CHARGE AND DISCHARGE OF A CAPACITOR REFERENCES RC Circuis: Elecrical Insrumens: Mos Inroducory Physics exs (e.g. A. Halliday and Resnick, Physics ; M. Sernheim and J. Kane, General Physics.) This Laboraory Manual: Commonly Used Insrumens:

More information

The Greek financial crisis: growing imbalances and sovereign spreads. Heather D. Gibson, Stephan G. Hall and George S. Tavlas

The Greek financial crisis: growing imbalances and sovereign spreads. Heather D. Gibson, Stephan G. Hall and George S. Tavlas The Greek financial crisis: growing imbalances and sovereign spreads Heaher D. Gibson, Sephan G. Hall and George S. Tavlas The enry The enry of Greece ino he Eurozone in 2001 produced a dividend in he

More information

Making Use of Gate Charge Information in MOSFET and IGBT Data Sheets

Making Use of Gate Charge Information in MOSFET and IGBT Data Sheets Making Use of ae Charge Informaion in MOSFET and IBT Daa Shees Ralph McArhur Senior Applicaions Engineer Advanced Power Technology 405 S.W. Columbia Sree Bend, Oregon 97702 Power MOSFETs and IBTs have

More information

Research. Michigan. Center. Retirement. Behavioral Effects of Social Security Policies on Benefit Claiming, Retirement and Saving.

Research. Michigan. Center. Retirement. Behavioral Effects of Social Security Policies on Benefit Claiming, Retirement and Saving. Michigan Universiy of Reiremen Research Cener Working Paper WP 2012-263 Behavioral Effecs of Social Securiy Policies on Benefi Claiming, Reiremen and Saving Alan L. Gusman and Thomas L. Seinmeier M R R

More information

BALANCE OF PAYMENTS. First quarter 2008. Balance of payments

BALANCE OF PAYMENTS. First quarter 2008. Balance of payments BALANCE OF PAYMENTS DATE: 2008-05-30 PUBLISHER: Balance of Paymens and Financial Markes (BFM) Lena Finn + 46 8 506 944 09, lena.finn@scb.se Camilla Bergeling +46 8 506 942 06, camilla.bergeling@scb.se

More information

Working Paper No. 482. Net Intergenerational Transfers from an Increase in Social Security Benefits

Working Paper No. 482. Net Intergenerational Transfers from an Increase in Social Security Benefits Working Paper No. 482 Ne Inergeneraional Transfers from an Increase in Social Securiy Benefis By Li Gan Texas A&M and NBER Guan Gong Shanghai Universiy of Finance and Economics Michael Hurd RAND Corporaion

More information

A Re-examination of the Joint Mortality Functions

A Re-examination of the Joint Mortality Functions Norh merican cuarial Journal Volume 6, Number 1, p.166-170 (2002) Re-eaminaion of he Join Morali Funcions bsrac. Heekung Youn, rkad Shemakin, Edwin Herman Universi of S. Thomas, Sain Paul, MN, US Morali

More information

Prostate Cancer. Options for Localised Cancer

Prostate Cancer. Options for Localised Cancer Prosae Cancer Opions for Localised Cancer You or someone you know is considering reamen opions for localised prosae cancer. his leafle is designed o give you a shor overview of he opions available. For

More information

Impact of scripless trading on business practices of Sub-brokers.

Impact of scripless trading on business practices of Sub-brokers. Impac of scripless rading on business pracices of Sub-brokers. For furher deails, please conac: Mr. T. Koshy Vice Presiden Naional Securiies Deposiory Ld. Tradeworld, 5 h Floor, Kamala Mills Compound,

More information

Hedging with Forwards and Futures

Hedging with Forwards and Futures Hedging wih orwards and uures Hedging in mos cases is sraighforward. You plan o buy 10,000 barrels of oil in six monhs and you wish o eliminae he price risk. If you ake he buy-side of a forward/fuures

More information

CALCULATION OF OMX TALLINN

CALCULATION OF OMX TALLINN CALCULATION OF OMX TALLINN CALCULATION OF OMX TALLINN 1. OMX Tallinn index...3 2. Terms in use...3 3. Comuaion rules of OMX Tallinn...3 3.1. Oening, real-ime and closing value of he Index...3 3.2. Index

More information

LECTURE: SOCIAL SECURITY HILARY HOYNES UC DAVIS EC230 OUTLINE OF LECTURE:

LECTURE: SOCIAL SECURITY HILARY HOYNES UC DAVIS EC230 OUTLINE OF LECTURE: LECTURE: SOCIAL SECURITY HILARY HOYNES UC DAVIS EC230 OUTLINE OF LECTURE: 1. Inroducion and definiions 2. Insiuional Deails in Social Securiy 3. Social Securiy and Redisribuion 4. Jusificaion for Governmen

More information

Lecture Note on the Real Exchange Rate

Lecture Note on the Real Exchange Rate Lecure Noe on he Real Exchange Rae Barry W. Ickes Fall 2004 0.1 Inroducion The real exchange rae is he criical variable (along wih he rae of ineres) in deermining he capial accoun. As we shall see, his

More information

Risk Modelling of Collateralised Lending

Risk Modelling of Collateralised Lending Risk Modelling of Collaeralised Lending Dae: 4-11-2008 Number: 8/18 Inroducion This noe explains how i is possible o handle collaeralised lending wihin Risk Conroller. The approach draws on he faciliies

More information

Automatic measurement and detection of GSM interferences

Automatic measurement and detection of GSM interferences Auomaic measuremen and deecion of GSM inerferences Poor speech qualiy and dropped calls in GSM neworks may be caused by inerferences as a resul of high raffic load. The radio nework analyzers from Rohde

More information

LEASING VERSUSBUYING

LEASING VERSUSBUYING LEASNG VERSUSBUYNG Conribued by James D. Blum and LeRoy D. Brooks Assisan Professors of Business Adminisraion Deparmen of Business Adminisraion Universiy of Delaware Newark, Delaware The auhors discuss

More information

Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C.

Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C. Finance and Economics Discussion Series Divisions of Research & Saisics and Moneary Affairs Federal Reserve Board, Washingon, D.C. The Effecs of Unemploymen Benefis on Unemploymen and Labor Force Paricipaion:

More information

Chapter 1.6 Financial Management

Chapter 1.6 Financial Management Chaper 1.6 Financial Managemen Par I: Objecive ype quesions and answers 1. Simple pay back period is equal o: a) Raio of Firs cos/ne yearly savings b) Raio of Annual gross cash flow/capial cos n c) = (1

More information

TEMPORAL PATTERN IDENTIFICATION OF TIME SERIES DATA USING PATTERN WAVELETS AND GENETIC ALGORITHMS

TEMPORAL PATTERN IDENTIFICATION OF TIME SERIES DATA USING PATTERN WAVELETS AND GENETIC ALGORITHMS TEMPORAL PATTERN IDENTIFICATION OF TIME SERIES DATA USING PATTERN WAVELETS AND GENETIC ALGORITHMS RICHARD J. POVINELLI AND XIN FENG Deparmen of Elecrical and Compuer Engineering Marquee Universiy, P.O.

More information

Statistical Analysis with Little s Law. Supplementary Material: More on the Call Center Data. by Song-Hee Kim and Ward Whitt

Statistical Analysis with Little s Law. Supplementary Material: More on the Call Center Data. by Song-Hee Kim and Ward Whitt Saisical Analysis wih Lile s Law Supplemenary Maerial: More on he Call Cener Daa by Song-Hee Kim and Ward Whi Deparmen of Indusrial Engineering and Operaions Research Columbia Universiy, New York, NY 17-99

More information

ARCH 2013.1 Proceedings

ARCH 2013.1 Proceedings Aricle from: ARCH 213.1 Proceedings Augus 1-4, 212 Ghislain Leveille, Emmanuel Hamel A renewal model for medical malpracice Ghislain Léveillé École d acuaria Universié Laval, Québec, Canada 47h ARC Conference

More information

Journal Of Business & Economics Research September 2005 Volume 3, Number 9

Journal Of Business & Economics Research September 2005 Volume 3, Number 9 Opion Pricing And Mone Carlo Simulaions George M. Jabbour, (Email: jabbour@gwu.edu), George Washingon Universiy Yi-Kang Liu, (yikang@gwu.edu), George Washingon Universiy ABSTRACT The advanage of Mone Carlo

More information

A One-Sector Neoclassical Growth Model with Endogenous Retirement. By Kiminori Matsuyama. Final Manuscript. Abstract

A One-Sector Neoclassical Growth Model with Endogenous Retirement. By Kiminori Matsuyama. Final Manuscript. Abstract A One-Secor Neoclassical Growh Model wih Endogenous Reiremen By Kiminori Masuyama Final Manuscrip Absrac This paper exends Diamond s OG model by allowing he agens o make he reiremen decision. Earning a

More information

Principal components of stock market dynamics. Methodology and applications in brief (to be updated ) Andrei Bouzaev, bouzaev@ya.

Principal components of stock market dynamics. Methodology and applications in brief (to be updated ) Andrei Bouzaev, bouzaev@ya. Principal componens of sock marke dynamics Mehodology and applicaions in brief o be updaed Andrei Bouzaev, bouzaev@ya.ru Why principal componens are needed Objecives undersand he evidence of more han one

More information

II.1. Debt reduction and fiscal multipliers. dbt da dpbal da dg. bal

II.1. Debt reduction and fiscal multipliers. dbt da dpbal da dg. bal Quarerly Repor on he Euro Area 3/202 II.. Deb reducion and fiscal mulipliers The deerioraion of public finances in he firs years of he crisis has led mos Member Saes o adop sizeable consolidaion packages.

More information

Chapter 2 Problems. 3600s = 25m / s d = s t = 25m / s 0.5s = 12.5m. Δx = x(4) x(0) =12m 0m =12m

Chapter 2 Problems. 3600s = 25m / s d = s t = 25m / s 0.5s = 12.5m. Δx = x(4) x(0) =12m 0m =12m Chaper 2 Problems 2.1 During a hard sneeze, your eyes migh shu for 0.5s. If you are driving a car a 90km/h during such a sneeze, how far does he car move during ha ime s = 90km 1000m h 1km 1h 3600s = 25m

More information

is a random vector with zero mean and Var(e

is a random vector with zero mean and Var(e Economics Leers 73 (2001) 147 153 www.elsevier.com/ locae/ econbase Esimaion of direc and indirec impac of oil price on growh Tilak Abeysinghe* Deparmen of Economics, Naional Universiy of Singapore, 10Ken

More information

CLOCK SKEW CAUSES CLOCK SKEW DUE TO THE DRIVER EROSION OF THE CLOCK PERIOD

CLOCK SKEW CAUSES CLOCK SKEW DUE TO THE DRIVER EROSION OF THE CLOCK PERIOD DESIGNING WITH HIGH SPEED CLOCK DRIERS CONFERENCE PAPER CP-19 Inegraed Device Technology, Inc. By Sanley Hronik ABSTRACT Today s high speed sysems are encounering problems wih clocking ha were no consideraions

More information

µ r of the ferrite amounts to 1000...4000. It should be noted that the magnetic length of the + δ

µ r of the ferrite amounts to 1000...4000. It should be noted that the magnetic length of the + δ Page 9 Design of Inducors and High Frequency Transformers Inducors sore energy, ransformers ransfer energy. This is he prime difference. The magneic cores are significanly differen for inducors and high

More information

Making a Faster Cryptanalytic Time-Memory Trade-Off

Making a Faster Cryptanalytic Time-Memory Trade-Off Making a Faser Crypanalyic Time-Memory Trade-Off Philippe Oechslin Laboraoire de Securié e de Crypographie (LASEC) Ecole Polyechnique Fédérale de Lausanne Faculé I&C, 1015 Lausanne, Swizerland philippe.oechslin@epfl.ch

More information

Chapter Four: Methodology

Chapter Four: Methodology Chaper Four: Mehodology 1 Assessmen of isk Managemen Sraegy Comparing Is Cos of isks 1.1 Inroducion If we wan o choose a appropriae risk managemen sraegy, no only we should idenify he influence ha risks

More information

CRISES AND THE FLEXIBLE PRICE MONETARY MODEL. Sarantis Kalyvitis

CRISES AND THE FLEXIBLE PRICE MONETARY MODEL. Sarantis Kalyvitis CRISES AND THE FLEXIBLE PRICE MONETARY MODEL Saranis Kalyviis Currency Crises In fixed exchange rae regimes, counries rarely abandon he regime volunarily. In mos cases, raders (or speculaors) exchange

More information

Appendix D Flexibility Factor/Margin of Choice Desktop Research

Appendix D Flexibility Factor/Margin of Choice Desktop Research Appendix D Flexibiliy Facor/Margin of Choice Deskop Research Cheshire Eas Council Cheshire Eas Employmen Land Review Conens D1 Flexibiliy Facor/Margin of Choice Deskop Research 2 Final Ocober 2012 \\GLOBAL.ARUP.COM\EUROPE\MANCHESTER\JOBS\200000\223489-00\4

More information

Supplementary Appendix for Depression Babies: Do Macroeconomic Experiences Affect Risk-Taking?

Supplementary Appendix for Depression Babies: Do Macroeconomic Experiences Affect Risk-Taking? Supplemenary Appendix for Depression Babies: Do Macroeconomic Experiences Affec Risk-Taking? Ulrike Malmendier UC Berkeley and NBER Sefan Nagel Sanford Universiy and NBER Sepember 2009 A. Deails on SCF

More information

SURVEYING THE RELATIONSHIP BETWEEN STOCK MARKET MAKER AND LIQUIDITY IN TEHRAN STOCK EXCHANGE COMPANIES

SURVEYING THE RELATIONSHIP BETWEEN STOCK MARKET MAKER AND LIQUIDITY IN TEHRAN STOCK EXCHANGE COMPANIES Inernaional Journal of Accouning Research Vol., No. 7, 4 SURVEYING THE RELATIONSHIP BETWEEN STOCK MARKET MAKER AND LIQUIDITY IN TEHRAN STOCK EXCHANGE COMPANIES Mohammad Ebrahimi Erdi, Dr. Azim Aslani,

More information

Return Calculation of U.S. Treasury Constant Maturity Indices

Return Calculation of U.S. Treasury Constant Maturity Indices Reurn Calculaion of US Treasur Consan Mauri Indices Morningsar Mehodolog Paper Sepeber 30 008 008 Morningsar Inc All righs reserved The inforaion in his docuen is he proper of Morningsar Inc Reproducion

More information

DYNAMIC MODELS FOR VALUATION OF WRONGFUL DEATH PAYMENTS

DYNAMIC MODELS FOR VALUATION OF WRONGFUL DEATH PAYMENTS DYNAMIC MODELS FOR VALUATION OF WRONGFUL DEATH PAYMENTS Hong Mao, Shanghai Second Polyechnic Universiy Krzyszof M. Osaszewski, Illinois Sae Universiy Youyu Zhang, Fudan Universiy ABSTRACT Liigaion, exper

More information

Acceleration Lab Teacher s Guide

Acceleration Lab Teacher s Guide Acceleraion Lab Teacher s Guide Objecives:. Use graphs of disance vs. ime and velociy vs. ime o find acceleraion of a oy car.. Observe he relaionship beween he angle of an inclined plane and he acceleraion

More information

The Grantor Retained Annuity Trust (GRAT)

The Grantor Retained Annuity Trust (GRAT) WEALTH ADVISORY Esae Planning Sraegies for closely-held, family businesses The Granor Reained Annuiy Trus (GRAT) An efficien wealh ransfer sraegy, paricularly in a low ineres rae environmen Family business

More information

Child Protective Services. A Guide To Investigative Procedures

Child Protective Services. A Guide To Investigative Procedures Child Proecive Services A Guide To Invesigaive Procedures The purpose of his brochure is o help you undersand he Child Proecive Services (CPS) reporing and response process. Please conac your CPS worker

More information

Chapter 6 Interest Rates and Bond Valuation

Chapter 6 Interest Rates and Bond Valuation Chaper 6 Ineres Raes and Bond Valuaion Definiion and Descripion of Bonds Long-erm deb-loosely, bonds wih a mauriy of one year or more Shor-erm deb-less han a year o mauriy, also called unfunded deb Bond-sricly

More information

ACTUARIAL FUNCTIONS 1_05

ACTUARIAL FUNCTIONS 1_05 ACTUARIAL FUNCTIONS _05 User Guide for MS Office 2007 or laer CONTENT Inroducion... 3 2 Insallaion procedure... 3 3 Demo Version and Acivaion... 5 4 Using formulas and synax... 7 5 Using he help... 6 Noaion...

More information

Predicting Stock Market Index Trading Signals Using Neural Networks

Predicting Stock Market Index Trading Signals Using Neural Networks Predicing Sock Marke Index Trading Using Neural Neworks C. D. Tilakarane, S. A. Morris, M. A. Mammadov, C. P. Hurs Cenre for Informaics and Applied Opimizaion School of Informaion Technology and Mahemaical

More information

Premium Income of Indian Life Insurance Industry

Premium Income of Indian Life Insurance Industry Premium Income of Indian Life Insurance Indusry A Toal Facor Produciviy Approach Ram Praap Sinha* Subsequen o he passage of he Insurance Regulaory and Developmen Auhoriy (IRDA) Ac, 1999, he life insurance

More information

The Economic Value of Medical Research

The Economic Value of Medical Research The Economic Value of Medical Research Kevin M. Murphy Rober Topel Universiy of Chicago Universiy of Chicago March 1998 Revised Sepember, 1999 Absrac Basic research is a public good, for which social reurns

More information

How To Calculate Price Elasiciy Per Capia Per Capi

How To Calculate Price Elasiciy Per Capia Per Capi Price elasiciy of demand for crude oil: esimaes for 23 counries John C.B. Cooper Absrac This paper uses a muliple regression model derived from an adapaion of Nerlove s parial adjusmen model o esimae boh

More information

MACROECONOMIC FORECASTS AT THE MOF A LOOK INTO THE REAR VIEW MIRROR

MACROECONOMIC FORECASTS AT THE MOF A LOOK INTO THE REAR VIEW MIRROR MACROECONOMIC FORECASTS AT THE MOF A LOOK INTO THE REAR VIEW MIRROR The firs experimenal publicaion, which summarised pas and expeced fuure developmen of basic economic indicaors, was published by he Minisry

More information

Option Put-Call Parity Relations When the Underlying Security Pays Dividends

Option Put-Call Parity Relations When the Underlying Security Pays Dividends Inernaional Journal of Business and conomics, 26, Vol. 5, No. 3, 225-23 Opion Pu-all Pariy Relaions When he Underlying Securiy Pays Dividends Weiyu Guo Deparmen of Finance, Universiy of Nebraska Omaha,

More information

Multiprocessor Systems-on-Chips

Multiprocessor Systems-on-Chips Par of: Muliprocessor Sysems-on-Chips Edied by: Ahmed Amine Jerraya and Wayne Wolf Morgan Kaufmann Publishers, 2005 2 Modeling Shared Resources Conex swiching implies overhead. On a processing elemen,

More information

SOLUTIONS RADIOLOGICAL FUNDAMENTALS PRACTICE PROBLEMS FOR TECHNICAL MAJORS

SOLUTIONS RADIOLOGICAL FUNDAMENTALS PRACTICE PROBLEMS FOR TECHNICAL MAJORS SOLUTIONS RADIOLOGICAL FUNDAMENTALS PRACTICE PROBLEMS FOR TECHNICAL MAJORS Noe: Two DOE Handbooks are used in conjuncion wih he pracice quesions and problems below o provide preparaory maerial for he NPS

More information

11/6/2013. Chapter 14: Dynamic AD-AS. Introduction. Introduction. Keeping track of time. The model s elements

11/6/2013. Chapter 14: Dynamic AD-AS. Introduction. Introduction. Keeping track of time. The model s elements Inroducion Chaper 14: Dynamic D-S dynamic model of aggregae and aggregae supply gives us more insigh ino how he economy works in he shor run. I is a simplified version of a DSGE model, used in cuing-edge

More information

I. Basic Concepts (Ch. 1-4)

I. Basic Concepts (Ch. 1-4) (Ch. 1-4) A. Real vs. Financial Asses (Ch 1.2) Real asses (buildings, machinery, ec.) appear on he asse side of he balance shee. Financial asses (bonds, socks) appear on boh sides of he balance shee. Creaing

More information

2.5 Life tables, force of mortality and standard life insurance products

2.5 Life tables, force of mortality and standard life insurance products Soluions 5 BS4a Acuarial Science Oford MT 212 33 2.5 Life ables, force of moraliy and sandard life insurance producs 1. (i) n m q represens he probabiliy of deah of a life currenly aged beween ages + n

More information

Chapter 10 Social Security 1

Chapter 10 Social Security 1 Chaper 0 Social Securiy 0. Inroducion A ypical social securiy sysem provides income during periods of unemploymen, ill-healh or disabiliy, and financial suppor, in he form of pensions, o he reired. Alhough

More information

Efficient One-time Signature Schemes for Stream Authentication *

Efficient One-time Signature Schemes for Stream Authentication * JOURNAL OF INFORMATION SCIENCE AND ENGINEERING, 611-64 (006) Efficien One-ime Signaure Schemes for Sream Auhenicaion * YONGSU PARK AND YOOKUN CHO + College of Informaion and Communicaions Hanyang Universiy

More information

How to calculate effect sizes from published research: A simplified methodology

How to calculate effect sizes from published research: A simplified methodology WORK-LEARNING RESEARCH How o alulae effe sizes from published researh: A simplified mehodology Will Thalheimer Samanha Cook A Publiaion Copyrigh 2002 by Will Thalheimer All righs are reserved wih one exepion.

More information

The impact of Federal Reserve asset purchase programmes: another twist 1

The impact of Federal Reserve asset purchase programmes: another twist 1 Jack Meaning jm583@ken.ac.uk eng Zhu feng.zhu@bis.org The impac of ederal Reserve asse purchase programmes: anoher wis 1 This aricle examines he effeciveness of recen ederal Reserve asse purchase programmes.

More information

Market Liquidity and the Impacts of the Computerized Trading System: Evidence from the Stock Exchange of Thailand

Market Liquidity and the Impacts of the Computerized Trading System: Evidence from the Stock Exchange of Thailand 36 Invesmen Managemen and Financial Innovaions, 4/4 Marke Liquidiy and he Impacs of he Compuerized Trading Sysem: Evidence from he Sock Exchange of Thailand Sorasar Sukcharoensin 1, Pariyada Srisopisawa,

More information

9. Capacitor and Resistor Circuits

9. Capacitor and Resistor Circuits ElecronicsLab9.nb 1 9. Capacior and Resisor Circuis Inroducion hus far we have consider resisors in various combinaions wih a power supply or baery which provide a consan volage source or direc curren

More information

BALANCE OF PAYMENTS AND FINANCIAL MA REPORT 2015. All officiell statistik finns på: www.scb.se Statistikservice: tfn 08-506 948 01

BALANCE OF PAYMENTS AND FINANCIAL MA REPORT 2015. All officiell statistik finns på: www.scb.se Statistikservice: tfn 08-506 948 01 RKET BALANCE OF PAYMENTS AND FINANCIAL MA REPORT 2015 All officiell saisik finns på: www.scb.se Saisikservice: fn 08-506 948 01 All official saisics can be found a: www.scb.se Saisics service, phone +46

More information

Tax Externalities of Equity Mutual Funds

Tax Externalities of Equity Mutual Funds Tax Exernaliies of Equiy Muual Funds Joel M. Dickson The Vanguard Group, Inc. John B. Shoven Sanford Universiy and NBER Clemens Sialm Sanford Universiy December 1999 Absrac: Invesors holding muual funds

More information

Time Series Prediction of Web Domain Visits by IF-Inference System

Time Series Prediction of Web Domain Visits by IF-Inference System Time Series Predicion of Web Domain Visis by IF-Inference Sysem VLADIMÍR OLEJ, JANA FILIPOVÁ, PETR HÁJEK Insiue of Sysem Engineering and Informaics Faculy of Economics and Adminisraion Universiy of Pardubice,

More information

17 Laplace transform. Solving linear ODE with piecewise continuous right hand sides

17 Laplace transform. Solving linear ODE with piecewise continuous right hand sides 7 Laplace ransform. Solving linear ODE wih piecewise coninuous righ hand sides In his lecure I will show how o apply he Laplace ransform o he ODE Ly = f wih piecewise coninuous f. Definiion. A funcion

More information

Markov Chain Modeling of Policy Holder Behavior in Life Insurance and Pension

Markov Chain Modeling of Policy Holder Behavior in Life Insurance and Pension Markov Chain Modeling of Policy Holder Behavior in Life Insurance and Pension Lars Frederik Brand Henriksen 1, Jeppe Woemann Nielsen 2, Mogens Seffensen 1, and Chrisian Svensson 2 1 Deparmen of Mahemaical

More information

INTRODUCTION TO FORECASTING

INTRODUCTION TO FORECASTING INTRODUCTION TO FORECASTING INTRODUCTION: Wha is a forecas? Why do managers need o forecas? A forecas is an esimae of uncerain fuure evens (lierally, o "cas forward" by exrapolaing from pas and curren

More information

Signal Rectification

Signal Rectification 9/3/25 Signal Recificaion.doc / Signal Recificaion n imporan applicaion of juncion diodes is signal recificaion. here are wo ypes of signal recifiers, half-wae and fullwae. Le s firs consider he ideal

More information

DOES TRADING VOLUME INFLUENCE GARCH EFFECTS? SOME EVIDENCE FROM THE GREEK MARKET WITH SPECIAL REFERENCE TO BANKING SECTOR

DOES TRADING VOLUME INFLUENCE GARCH EFFECTS? SOME EVIDENCE FROM THE GREEK MARKET WITH SPECIAL REFERENCE TO BANKING SECTOR Invesmen Managemen and Financial Innovaions, Volume 4, Issue 3, 7 33 DOES TRADING VOLUME INFLUENCE GARCH EFFECTS? SOME EVIDENCE FROM THE GREEK MARKET WITH SPECIAL REFERENCE TO BANKING SECTOR Ahanasios

More information

Price Controls and Banking in Emissions Trading: An Experimental Evaluation

Price Controls and Banking in Emissions Trading: An Experimental Evaluation This version: March 2014 Price Conrols and Banking in Emissions Trading: An Experimenal Evaluaion John K. Sranlund Deparmen of Resource Economics Universiy of Massachuses-Amhers James J. Murphy Deparmen

More information

Indexing Executive Stock Options Relatively

Indexing Executive Stock Options Relatively Indexing Execuive Sock Opions Relaively Jin-Chuan Duan and Jason Wei Joseph L. Roman School of Managemen Universiy of Torono 105 S. George Sree Torono, Onario Canada, M5S 3E6 jcduan@roman.uorono.ca wei@roman.uorono.ca

More information

WHAT ARE OPTION CONTRACTS?

WHAT ARE OPTION CONTRACTS? WHAT ARE OTION CONTRACTS? By rof. Ashok anekar An oion conrac is a derivaive which gives he righ o he holder of he conrac o do 'Somehing' bu wihou he obligaion o do ha 'Somehing'. The 'Somehing' can be

More information

Effect of Epinephrine on Phosphorylase b Kinase in Perfused Rat Hearts*

Effect of Epinephrine on Phosphorylase b Kinase in Perfused Rat Hearts* THE JOURNAL OF BOLOGC.~ CHEMSTRY Vol. 241, No. 24, ssue of December 25, PP. 5899-5903, 1966 Prined in U.S.A. Effec of Epinephrine on Phosphorylase b Kinase in Perfused Ra Hears* (Received for publicaion,

More information

Module 3 Design for Strength. Version 2 ME, IIT Kharagpur

Module 3 Design for Strength. Version 2 ME, IIT Kharagpur Module 3 Design for Srengh Lesson 2 Sress Concenraion Insrucional Objecives A he end of his lesson, he sudens should be able o undersand Sress concenraion and he facors responsible. Deerminaion of sress

More information

When Is Growth Pro-Poor? Evidence from a Panel of Countries

When Is Growth Pro-Poor? Evidence from a Panel of Countries Forhcoming, Journal of Developmen Economics When Is Growh Pro-Poor? Evidence from a Panel of Counries Aar Kraay The World Bank Firs Draf: December 2003 Revised: December 2004 Absrac: Growh is pro-poor

More information

OPERATION MANUAL. Indoor unit for air to water heat pump system and options EKHBRD011ABV1 EKHBRD014ABV1 EKHBRD016ABV1

OPERATION MANUAL. Indoor unit for air to water heat pump system and options EKHBRD011ABV1 EKHBRD014ABV1 EKHBRD016ABV1 OPERAION MANUAL Indoor uni for air o waer hea pump sysem and opions EKHBRD011ABV1 EKHBRD014ABV1 EKHBRD016ABV1 EKHBRD011ABY1 EKHBRD014ABY1 EKHBRD016ABY1 EKHBRD011ACV1 EKHBRD014ACV1 EKHBRD016ACV1 EKHBRD011ACY1

More information

Some Algebra of Fiscal Transparency: How Accounting Devices Work and How to Reveal Them

Some Algebra of Fiscal Transparency: How Accounting Devices Work and How to Reveal Them WP/12/228 Some Algebra of Fiscal Transparency: How Accouning Devices Work and How o Reveal Them Timohy C Irwin 2012 Inernaional Moneary Fund WP/ IMF Working Paper Fiscal Affairs Deparmen Some Algebra of

More information

A Note on Using the Svensson procedure to estimate the risk free rate in corporate valuation

A Note on Using the Svensson procedure to estimate the risk free rate in corporate valuation A Noe on Using he Svensson procedure o esimae he risk free rae in corporae valuaion By Sven Arnold, Alexander Lahmann and Bernhard Schwezler Ocober 2011 1. The risk free ineres rae in corporae valuaion

More information

STUDY ON THE GRAVIMETRIC MEASUREMENT OF THE SWELLING BEHAVIORS OF POLYMER FILMS

STUDY ON THE GRAVIMETRIC MEASUREMENT OF THE SWELLING BEHAVIORS OF POLYMER FILMS 452 Rev. Adv. Maer. Sci. 33 (2013) 452-458 J. Liu, X.J. Zheng and K.Y. Tang STUDY ON THE GRAVIMETRIC MEASUREMENT OF THE SWELLING BEHAVIORS OF POLYMER FILMS J. Liu, X. J. Zheng and K. Y. Tang College of

More information

NATIONAL BANK OF POLAND WORKING PAPER No. 120

NATIONAL BANK OF POLAND WORKING PAPER No. 120 NATIONAL BANK OF POLAND WORKING PAPER No. 120 Large capial inflows and sock reurns in a hin marke Janusz Brzeszczyński, Marin T. Bohl, Dobromił Serwa Warsaw 2012 Acknowledgemens: We would like o hank Ludwig

More information

INTEREST RATE FUTURES AND THEIR OPTIONS: SOME PRICING APPROACHES

INTEREST RATE FUTURES AND THEIR OPTIONS: SOME PRICING APPROACHES INTEREST RATE FUTURES AND THEIR OPTIONS: SOME PRICING APPROACHES OPENGAMMA QUANTITATIVE RESEARCH Absrac. Exchange-raded ineres rae fuures and heir opions are described. The fuure opions include hose paying

More information

Inventory Management and Demand Prediction System for Reagents and Consumables

Inventory Management and Demand Prediction System for Reagents and Consumables Invenory Managemen and Demand Predicion Sysem for Reagens and Consumables Tzu-Chuen Lu, Shih-Chieh Lai, 3 Chun-Ya Tseng *, Firs Auhor, Corresponding Auhor Deparmen of Informaion Managemen, Chaoyang Universiy

More information

Table of contents Chapter 1 Interest rates and factors Chapter 2 Level annuities Chapter 3 Varying annuities

Table of contents Chapter 1 Interest rates and factors Chapter 2 Level annuities Chapter 3 Varying annuities Table of conens Chaper 1 Ineres raes and facors 1 1.1 Ineres 2 1.2 Simple ineres 4 1.3 Compound ineres 6 1.4 Accumulaed value 10 1.5 Presen value 11 1.6 Rae of discoun 13 1.7 Consan force of ineres 17

More information

Chapter 6: Business Valuation (Income Approach)

Chapter 6: Business Valuation (Income Approach) Chaper 6: Business Valuaion (Income Approach) Cash flow deerminaion is one of he mos criical elemens o a business valuaion. Everyhing may be secondary. If cash flow is high, hen he value is high; if he

More information