scholarly journals The non-neutrality of money: a response to Dr. Humphrey

2021 ◽  
pp. 263-284
Author(s):  
Adrián O. Ravier
Keyword(s):  
Key Words ◽  
Jel Classification ◽  
Long Term Effects ◽  
Short Term ◽  
Capital Theory ◽  
Economic Cycles ◽  
Palabras Clave ◽  
True Theory ◽  
Short And Long Term

This article answers Dr. Humphrey contention on the similarities between monetarist and Austrian approaches to the neutrality of money. Monetarists at most only concentrate on short term non neutrality while Austrians base their analysis in short, medium and long term non neutrality. For the more, monetarists lack a true theory of capital that could let then understand thet even with flexible markets money would not be neutral in the short term. Key words: Economic cycles, neutrality of money, short and long term effects of money, capital theory. JEL Classification: B53, B49, D01, K13. Resumen: El presente artículo contesta la tesis del Dr. Humphrey según la cual las diferencias entre austriacos y monetaristas son ficticias pues algunos de éstos también reconocieron los efectos distorsionadores del crecimiento monetario sobre los precios relativos. El artículo demuestra que la teoría austriaca considera que el dinero no es neutral ni a corto, ni a medio ni a largo plazo y ello contrasta con el enfoque monetarista que solo reconoce la no neutralidad a corto plazo y por razones equivocadas al carecer de una verdadera teoría del capital. Palabras clave: Ciclo económico, neutralidad del dinero, corto plazo, largo plazo, teoría del capital. Clasificación JEL: B53, B49, D01, K13.

Differential Effects of Worry and Imagery After Exposure to a Stressful Stimulus: A Pilot Study

1995 ◽  
Vol 23 (1) ◽  
pp. 45-56 ◽  
Author(s):  
Gillian Butler ◽  
Adrian Wells ◽  
Hilary Dewick
Keyword(s):  
Pilot Study ◽  
Emotional Processing ◽  
Long Term Effects ◽  
Short Term ◽  
Differential Effects ◽  
Short And Long Term ◽  
Intrusive Cognitions ◽  
Stressful Stimulus ◽  
Do So

Imagery appears to be associated with higher levels of anxiety than does worry. Borkovec has argued that worry could be a way of avoiding distressing imagery and the associated affect. Thus worry could suppress emotional activation, interfere with emotional processing, and contribute to the maintenance of anxiety. This hypothesis suggests that short and long-term effects of worrying after experiencing a distressing stimulus should differ from the effects of engaging in imagery. In the short term, imagery should maintain anxiety while worry should not do so, or should do so less. In the longer term, worry should be a less successful way of reducing anxiety associated with the stimulus than imagery, and should be followed by a greater number of intrusive cognitions (indicating the relative failure of emotional processing). These predictions were tested by asking subjects to worry, engage in imagery or “settle down” after watching a distressing video. The results were broadly consistent with the hypothesis. Other interpretations are also considered.

scholarly journals Short- and Long-Term Effects of Nonconsciously Processed Ambient Scents in a Servicescape: Findings From Two Field Experiments

2019 ◽  
Vol 22 (4) ◽  
pp. 440-455 ◽  
Author(s):  
Anna Girard ◽  
Marcel Lichters ◽  
Marko Sarstedt ◽  
Dipayan Biswas
Keyword(s):  
Large Scale ◽  
Field Experiments ◽  
Field Studies ◽  
Long Term Effects ◽  
Short Term ◽  
Railway Company ◽  
Short And Long Term ◽  
Ambient Scents ◽  
Short Term Effects

Ambient scents are being increasingly used in different service environments. While there is emerging research on the effects of scents, almost nothing is known about the long-term effects of consumers’ repeated exposure to ambient scents in a service environment as prior studies on ambient scents have been lab or field studies examining short-term effects of scent exposure only. Addressing this limitation, we examine the short- and long-term effects of ambient scents. Specifically, we present a conceptual framework for the short- and long-term effects of nonconsciously processed ambient scent in olfactory-rich servicescapes. We empirically test this framework with the help of two large-scale field experiments, conducted in collaboration with a major German railway company, in which consumers were exposed to a pleasant, nonconsciously processed scent. The first experiment demonstrates ambient scent’s positive short-term effects on consumers’ service perceptions. The second experiment—a longitudinal study conducted over a 4-month period—examines scent’s long-term effects on consumers’ reactions and demonstrates that the effects persist even when the scent has been removed from the servicescape.

scholarly journals INDUSTRIALIZATION AND TRANSPORT IN INDONESIA ON ENVIRONMENTAL DEGRADATION

TRIKONOMIKA ◽  
2020 ◽  
Keyword(s):  
Co2 Emissions ◽  
Environmental Degradation ◽  
Negative Impact ◽  
Positive Impact ◽  
Analysis Method ◽  
Long Term Effects ◽  
Short Term ◽  
Industrial Sectors ◽  
Short And Long Term

Economic development in a country is indicated by an increase in the number of industrial sectors and other supporting facilities such as transportation. However, there is another impact on developments industrial sectors and transportation, especially environmental degradation. Air pollution is one of the environmental degradation. This research was conducted to determine the short-term and long-term environmental impact of industry and transport in Indonesia. The data analysis method in this research used Autoregressive Distribution Lag (ARDL) to see the short-term and long-term effects between research variables. The data used are data on CO2 emissions, the amount of industries and transport in Indonesia from 1965 - 2018. The results showed that the industry had a negative impact on increasing CO2 emissions in the short and long term. Meanwhile, transportation has a positive impact in the short term and a negative impact in the long term.

Short and long-term effects of fire and vegetation cover on four lizard species in Amazonian savannas

2020 ◽  
Author(s):  
Erika dos Santos Souza ◽  
Albertina P. Lima ◽  
William E. Magnusson ◽  
RICARDO ALEXANDRE KAWASHITA-RIBEIRO ◽  
Rodrigo Ferreira Fadini ◽  
...  
Keyword(s):  
Vegetation Cover ◽  
Long Term Effects ◽  
Short Term ◽  
Lizard Species ◽  
Random Factor ◽  
Positive Effects ◽  
Temporal Sampling ◽  
Short And Long Term ◽  
Main Effects

Ecological succession in tropical savannas is limited by seasonal fire, which affects habitat quality. Although fire may cause negligible or positive effects on animals occupying savannas, most short-term studies (months to a few years) are based on a single temporal sampling snapshot, and long-term studies (decades) are rare. We sampled four lizard species in Amazonian savannas to test the effects of fire and vegetation cover on lizard densities at two temporal scales. In the short-term, we use three sampling snapshots to test the effects of fire and vegetation cover on estimated lizard densities over the subsequent 1–5 years. In the long-term, we test the effects of fire and changes in vegetation cover over 21 years on current lizard density differences. In the short-term, species responses were usually consistent with foraging and thermoregulation modes. However, the results were not consistent among species and years, although the variances in species density explained by year as a random factor were generally low. In the long-term, the main effects of fire and vegetation cover show that lizard densities may change spatially, but not necessarily temporarily. Wildfire is a natural resource of savannas and apparently have little impact on resident lizards of that ecosystem.

scholarly journals Elevated exposure to prenatal thyroid hormones affects embryonic mortality but has no clear effects into adulthood

2019 ◽  
Author(s):  
Tom Sarraude ◽  
Bin-Yan Hsu ◽  
Ton G.G. Groothuis ◽  
Suvi Ruuskanen
Keyword(s):  
Oxidative Stress ◽  
Thyroid Hormones ◽  
Hatching Success ◽  
Long Term Effects ◽  
Short Term ◽  
Short And Long Term ◽  
Long Term Consequences ◽  
Maternal Thyroid ◽  
And Oxidative Stress

AbstractMaternal thyroid hormones (THs) are known to be crucial in embryonic development in humans, but their influence on other, especially wild, animals remains poorly understood. So far, the studies that experimentally investigated the consequences of maternal THs focused on short-term effects, while early organisational effects with long-term consequences, as shown for other prenatal hormones, could also be expected. In this study, we aimed at investigating both the short- and long-term effects of prenatal THs in a bird species, the Japanese quail Coturnix japonica. We experimentally elevated yolk TH content (the prohormone T4, and its active metabolite T3, as well as a combination of both hormones). We analysed hatching success, embryonic development, offspring growth and oxidative stress as well as their potential organisational effects on reproduction, moult, and oxidative stress in adulthood. We found that eggs injected with both hormones had a higher hatching success compared with control eggs, suggesting conversion of T4 into T3 by the embryo. We detected no other clear short-term or long-term effects of yolk THs. These results suggest that yolk thyroid hormones are important in the embryonic stage of precocial birds, but other short- and long-term consequences remain unclear. Research on maternal thyroid hormones will greatly benefit from studies investigating how embryos use and respond to this maternal signalling. Long-term studies on prenatal THs in other taxa in the wild are needed for a better understanding of this hormone-mediated maternal pathway.

scholarly journals The short- and long-term effects of changes of vegetation structure on isopod (Oniscidea) diversity and composition in Mátra Mountains

2017 ◽  
Vol 9 (1) ◽  
pp. 127-139
Author(s):  
Diána Vona-Túri ◽  
Tünde Szmatona-Túri
Keyword(s):  
Species Richness ◽  
Vegetation Structure ◽  
Regional Scale ◽  
Natura 2000 ◽  
Long Term Effects ◽  
Short Term ◽  
Negative Effect ◽  
Protection Area ◽  
Short And Long Term

Abstract The aim of the present study was to examine the short- and long-term effects of changes in vegetation structure caused by shrub removal and mowing on isopod diversity and composition in Natura 2000 habitats of Mátra Landscape Protection Area. Species richness and isopod diversity increased in the short term as a result of annual changes in vegetation; however, the values of both indices were reduced in the long term. The changes in vegetation structure on a regional scale led to a reduced isopod diversity in the short and long term. The changes in vegetation structure caused alterations in community structure in the long term. We conclude that changes of vegetation structure have a negative effect on species richness and the diversity of isopod communities in the long term.

scholarly journals Short- and Long-Term Effects of DBS on Gait in Parkinson's Disease

2021 ◽  
Vol 12 ◽  
Author(s):  
Hana Brozova ◽  
Isabelle Barnaure ◽  
Evzen Ruzicka ◽  
Jan Stochl ◽  
Ron Alterman ◽  
...  
Keyword(s):  
Parkinson’S Disease ◽  
Parkinson's Disease ◽  
Repeated Measures ◽  
Rating Scale ◽  
Long Term Effects ◽  
Short Term ◽  
Short And Long Term ◽  
Mean Time ◽  
Stn Dbs

The aim was to compare the short and long-term effects of subthalamic nucleus (STN) deep brain stimulation (DBS) on gait dysfunction and other cardinal symptoms of Parkinson's disease (PD). Two groups of patients were studied. The first group (short-term DBS, n = 8) included patients recently implanted with STN DBS (mean time since DBS 15.8 months, mean age 58.8 years, PD duration 13 years); the second group (long-term DBS, n = 10) included patients with at least 5 years of DBS therapy (mean time since DBS 67.6 months, mean age 61.7 years, PD duration 17.1 years). Both groups were examined using the Unified Parkinson's Disease Rating Scale (UPDRS) and Gait and Balance scale (GABS) during four stimulation/medication states (ON/OFF; OFF/OFF; OFF/ON; ON/ON). Data were analyzed using repeated measures ANOVA with time since implantation (years) between groups and medication or DBS effect (ON, OFF) within groups. In the short-term DBS group, stimulation improved all UPDRS subscores similar to dopaminergic medications. In particular, average gait improvement was over 40% (p = 0.01), as measured by the UPDRS item 29 and GABS II. In the long-term DBS group, stimulation consistently improved all clinical subscores with the exception of gait and postural instability. In these patients, the effect of levodopa on gait was partially preserved. Short-term improvement of gait abnormalities appears to significantly decline after 5 years of STN DBS in PD patients, while effectiveness for other symptoms remains stable. Progressive non-dopaminergic (non-DBS responsive) mechanisms or deleterious effects of high frequency STN stimulation on gait function may play a role.

Short-Term Climatic Events—Synthesis

2003 ◽  
Author(s):  
David Greenland
Keyword(s):  
Puerto Rico ◽  
New England ◽  
Long Term Effects ◽  
Short Term ◽  
Ecosystem Responses ◽  
The Future ◽  
Long Time ◽  
Short And Long Term ◽  
Effects Of Drought

Short-term climatic events produce some of the most dramatic ecosystem responses. Sometimes the responses may last for a long time into the future. Three themes will be emphasized in this synthesis. The first is that shortterm climatic events have both short- and long-term responses in the ecosystem. Second, the timing of short-term events is important in partially determining the kind and degree of ecosystem response that might occur. A third theme is the importance of putting short-term variability into a long-term context. The chapters about hurricanes and droughts in this section demonstrate that shortterm climatic events may have short- and long-term responses in the ecosystem. Both the short- and long-term responses are important. The short-term responses have noteworthy economic influences in the agricultural ecosystem. One could argue that the ecosystems containing species with short life spans such as grasslands are able to respond and recover from a short-term climatic disturbance more quickly than those ecosystems with longer lived species such as trees. Corn responds quickly to variability in precipitation during important parts of the growing season. Gage believes the long-term effects of a short-term drought on annual rotational agronomic systems are generally minimal. Other LTER studies have documented strong relationships between annual precipitation and grassland aboveground net primary productivity (Knapp et al. 1998). Conversely, the Coweeta study brings to our attention the insidious, long-term effects of drought that quietly kills trees and leaves their dead necromass on the landscape for decades into the future. However, each ecosystem is responding at its own characteristic timescale. Boose notes that the mixed hardwood forests of central New England and the Tabonuco forests of Puerto Rico both exhibit remarkable resiliency to wind damage. In both cases, despite major structural reorganization after a hurricane, there was rapid regeneration of canopy cover through releafing, sprouting, or recruitment, which helped to reduce impacts on soil moisture, temperature, and nutrient cycling processes. Nevertheless, some signs of the hurricane impact are present for decades, although less so in Puerto Rico where decomposition and regeneration rates are much faster than in New England.

Short- and Long-Term Effects of Auxiliary Labels on Patient Knowledge of Precautionary Drug Information

1988 ◽  
Vol 22 (6) ◽  
pp. 470-474 ◽  
Author(s):  
Candace S. Brown ◽  
Brenda L. Solovitz ◽  
Stephen G. Bryant ◽  
Brock G. Guernsey ◽  
Seymour Fisher
Keyword(s):  
Drug Information ◽  
Controlled Study ◽  
Control Group ◽  
Long Term Effects ◽  
Short Term ◽  
Short And Long Term ◽  
Time Periods ◽  
Experimental Group ◽  
Over Time

The purpose of this study was to determine the efficacy of auxiliary prescription labels in educating outpatients about medicines at two different time periods. Five hundred fifty-nine patients were randomly assigned either to an experimental group or a control group; each person in the experimental group received a prescription bottle to which one study auxiliary label (“sticker”) had been affixed, and those in the control group received bottles with no study sticker attached. Patients were interviewed by telephone approximately one week or two months after prescription pick up. Patients who had the study sticker affixed to their prescription bottle were significantly more knowledgeable after one week about precautionary information than those patients who did not receive stickers; however, sticker-group patients receiving the delayed interview incorrectly attributed many precautions to their medication. This is the first controlled study to document that auxiliary labels increase short-term knowledge about medications, and to suggest that the same labels may result in an inappropriate generalization over time.

Short- and Long-Term Effects of World Exposition 1986 on US Demand for British Columbia Tourism

1997 ◽  
Vol 3 (2) ◽  
pp. 137-160 ◽  
Author(s):  
Richard A. Holmes ◽  
Abul F. M. Shamsuddin
Keyword(s):  
British Columbia ◽  
Price Index ◽  
Economic Benefits ◽  
Long Term Effects ◽  
Short Term ◽  
Time Period ◽  
The Us ◽  
Short And Long Term ◽  
World Exposition

This study is an attempt to evaluate the short- and long-term economic effects of World Exposition 1986 on US demand for British Columbia tourism by integrating Box-Jenkins time series analysis with the theory of consumer demand. The number of more-than-one-day US visitors to British Columbia is used as the measure of demand. Intervention and transfer function models are employed for the estimates which are made separately for US visitors arriving by car, automobile and by plane. The conclusions drawn are that during the six months of Expo 86, an additional 1.58 million more-than-one-day US visitors were attracted to British Columbia (1.41 million by automobile and 0.17 million by aeroplane). The long-term or post-Expo effects of Expo 86 are found to be very large (probably larger in total than the short-term economic benefits). These long-term economic benefits result from the post-Expo visitors who have returned to British Columbia as a result of the world-wide exposure of the Vancouver area by the fair. We have considered only more-than-one-day US visitors to Expo 86 (only part of all visitors to the fair) and only the 1987–93 post-Expo time period, and with that limited visitor group, and that limited time period, we still find long-term economic benefits of $428.9 million (about half the estimated total short-term economic benefits). These estimates take account of the effects of changes in the US–Canada foreign exchange rate, the US travel price index, the BC travel price index and US personal disposable income over the 1981–93 period.

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