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A Review of International Risk Sharing for Policy Analysis
Pilar Poncela,Michela Nardo,Filippo M. Pericoli 대외경제정책연구원 2019 East Asian Economic Review Vol.23 No.3
issues from the perspective of the European Union. The traditional analyses contemplate three risk-sharing channels: the capital markets channel (through cross border portfolio investments), international transfers and the credit markets channel (via savings). Comparative analyses reveal that, on average, about 80% of the shock remains unsmoothed in Europe while only about 18% of the shock is transmitted to consumers within the US. From aggregated figures, there is space for improving, particularly, the cross-border investments channel in Europe. In this sense, the completion of the Banking and Capital Markets Union are expected to boost risk sharing across European member states. We also review new additional issues usually not contemplated by the traditional literature as depreciation, migration and the role of sovereigns and two new additional channels recently considered in the literature: government consumption and the real exchange rate. Finally, we also examine recent analysis related to the geographic distribution of risk sharing.
Design of intelligent control strategies using a magnetorheological damper for span structure
Hernandez, Angela,Marichal, Graciliano N.,Poncela, Alfonso V.,Padron, Isidro Techno-Press 2015 Smart Structures and Systems, An International Jou Vol.15 No.4
This paper focuses on the design of an intelligent control system. The used techniques are based on Neuro Fuzzy approaches applied to a magnetorheological damper in order to reduce the vibrations over footbridges; it has been applied to the Science Museum Footbridge of Valladolid, particularly. A model of the footbridge and of the damper has been built using different simulation tools, and a successful comparison with the real footbridge and the real damper has been carried out. This simulated model has allowed the reproduction of the behaviour of the footbridge and damper when a pedestrian walks across the footbridge. Once it is determined that the simulation results are similar to real data, the control system is introduced into the model. In this sense, different strategies based on Neuro Fuzzy systems have been studied. In fact, an ANFIS (Artificial Neuro Fuzzy Inference System) method has also been used, in addition to an alternative Neuro Fuzzy approach. Several trials have been carried out, using both techniques, obtaining satisfactory results after using these techniques.
Design of intelligent control strategies using a magnetorheological damper for span structure
Ángela Hernández,Graciliano N. Marichal,Alfonso V. Poncela,Isidro Padrón 국제구조공학회 2015 Smart Structures and Systems, An International Jou Vol.15 No.4
This paper focuses on the design of an intelligent control system. The used techniques are basedon Neuro Fuzzy approaches applied to a magnetorheological damper in order to reduce the vibrations overfootbridges; it has been applied to the Science Museum Footbridge of Valladolid, particularly. A model ofthe footbridge and of the damper has been built using different simulation tools, and a successful comparisonwith the real footbridge and the real damper has been carried out. This simulated model has allowed thereproduction of the behaviour of the footbridge and damper when a pedestrian walks across the footbridge. Once it is determined that the simulation results are similar to real data, the control system is introduced intothe model. In this sense, different strategies based on Neuro Fuzzy systems have been studied. In fact, anANFIS (Artificial Neuro Fuzzy Inference System) method has also been used, in addition to an alternativeNeuro Fuzzy approach. Several trials have been carried out, using both techniques, obtaining satisfactoryresults after using these techniques.