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Article
Publication date: 5 February 2024

Karlo Marques Junior

This paper seeks to explore the sensitivity of these parameters and their impact on fiscal policy outcomes. We use the existing literature to establish possible ranges for each…

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Abstract

Purpose

This paper seeks to explore the sensitivity of these parameters and their impact on fiscal policy outcomes. We use the existing literature to establish possible ranges for each parameter, and we examine how changes within these ranges can alter the outcomes of fiscal policy. In this way, we aim to highlight the importance of these parameters in the formulation and evaluation of fiscal policy.

Design/methodology/approach

The role of fiscal policy, its effects and multipliers continues to be a subject of intense debate in macroeconomics. Despite adopting a New Keynesian approach within a macroeconomic model, the reactions of macroeconomic variables to fiscal shocks can vary across different contexts and theoretical frameworks. This paper aims to investigate these diverse reactions by conducting a sensitivity analysis of parameters. Specifically, the study examines how key variables respond to fiscal shocks under different parameter settings. By analyzing the behavioral dynamics of these variables, this research contributes to the ongoing discussion on fiscal policy. The findings offer valuable insights to enrich the understanding of the complex relationship between fiscal shocks and macroeconomic outcomes, thus facilitating informed policy debates.

Findings

This paper aims to investigate key elements of New Keynesian Dynamic Stochastic General Equilibrium (DSGE) models. The focus is on the calibration of parameters and their impact on macroeconomic variables, such as output and inflation. The study also examines how different parameter settings affect the response of monetary policy to fiscal measures. In conclusion, this study has relied on theoretical exploration and a comprehensive review of existing literature. The parameters and their relationships have been analyzed within a robust theoretical framework, offering valuable insights for further research on how these factors influence model forecasts and inform policy recommendations derived from New Keynesian DSGE models. Moving forward, it is recommended that future work includes empirical analyses to test the reliability and effectiveness of parameter calibrations in real-world conditions. This will contribute to enhancing the accuracy and relevance of DSGE models for economic policy decision-making.

Originality/value

This study is motivated by the aim to provide a deeper understanding of the roles macroeconomic model parameters play concerning responses to expansionary fiscal policies and the subsequent reactions of monetary authorities. Comprehensive reviews that encompass this breadth of relationships within a single text are rare in the literature, making this work a valuable contribution to stimulating discussions on macroeconomic policies.

Details

Journal of Economic Studies, vol. 51 no. 7
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 1 April 2024

Mahmoud Taban and Alireza Basohbat Novinzadeh

One of the challenges encountered in the design of guided projectiles is their prohibitive cost. To diminish it, an appropriate avenue many researchers have explored is the use of…

Abstract

Purpose

One of the challenges encountered in the design of guided projectiles is their prohibitive cost. To diminish it, an appropriate avenue many researchers have explored is the use of the non-actuator method for guiding the projectile to the target. In this method, biologically inspired by the flying concept of the single-winged seed, for instance, that of maple and ash trees, the projectile undergoes a helical motion to scan the region and meet the target in the descent phase. Indeed, the projectile is a decelerator device based on the autorotation flight while it attempts to resemble the seed’s motion using two wings of different spans. There exists a wealth of studies on the stability of the decelerators (e.g. the mono-wing, samara and pararotor), but all of them have assumed the body (exclusive of the wing) to be symmetric and paid no particular attention to the scanning quality of the region. In practice, however, the non-actuator-guided projectiles are asymmetric owing to the presence of detection sensors. This paper aims to present an analytical solution for stability analysis of asymmetric decelerators and apprise the effects of design parameters to improve the scanning quality.

Design/methodology/approach

The approach of this study is to develop a theoretical model consisting of Euler equations and apply a set of non-dimensionalized equations to reduce the number of involved parameters. The obtained governing equations are readily applicable to other decelerator devices, such as the mono-wing, samara and pararotor.

Findings

The results show that the stability of the body can be preserved under certain conditions. Moreover, pertinent conclusions are outlined on the sensitivity of flight behavior to the variation of design parameters.

Originality/value

The analytical solution and sensitivity analysis presented here can efficiently reduce the design cost of the asymmetric decelerator.

Details

Aircraft Engineering and Aerospace Technology, vol. 96 no. 3
Type: Research Article
ISSN: 1748-8842

Keywords

Article
Publication date: 25 July 2024

Francisco Sánchez-Moreno, David MacManus, Fernando Tejero and Christopher Sheaf

Aerodynamic shape optimisation is a complex problem usually governed by transonic non-linear aerodynamics, a high dimensional design space and high computational cost…

Abstract

Purpose

Aerodynamic shape optimisation is a complex problem usually governed by transonic non-linear aerodynamics, a high dimensional design space and high computational cost. Consequently, the use of a numerical simulation approach can become prohibitive for some applications. This paper aims to propose a computationally efficient multi-fidelity method for the optimisation of two-dimensional axisymmetric aero-engine nacelles.

Design/methodology/approach

The nacelle optimisation approach combines a gradient-free algorithm with a multi-fidelity surrogate model. Machine learning based on artificial neural networks (ANN) is used as the modelling technique because of its ability to handle non-linear behaviour. The multi-fidelity method combines Reynolds-averaged Navier Stokes and Euler CFD calculations as high- and low-fidelity, respectively.

Findings

Ratios of low- and high-fidelity training samples to degrees of freedom of nLF/nDOFs = 50 and nHF/nDOFs = 12.5 provided a surrogate model with a root mean squared error less than 5% and a similar convergence to the optimal design space when compared with the equivalent CFD-in-the-loop optimisation. Similar nacelle geometries and aerodynamic flow topologies were obtained for down-selected designs with a reduction of 92% in the computational cost. This highlights the potential benefits of this multi-fidelity approach for aerodynamic optimisation within a preliminary design stage.

Originality/value

The application of a multi-fidelity technique based on ANN to the aerodynamic shape optimisation problem of isolated nacelles is the key novelty of this work. The multi-fidelity aspect of the method advances current practices based on single-fidelity surrogate models and offers further reductions in computational cost to meet industrial design timescales. Additionally, guidelines in terms of low- and high-fidelity sample sizes relative to the number of design variables have been established.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 34 no. 9
Type: Research Article
ISSN: 0961-5539

Keywords

Article
Publication date: 5 June 2024

Oguz Kose

This study aims to discuss the simultaneous longitudinal and lateral flight control of the octorotor, a rotary wing unmanned aerial vehicle (UAV), for the first time under the…

Abstract

Purpose

This study aims to discuss the simultaneous longitudinal and lateral flight control of the octorotor, a rotary wing unmanned aerial vehicle (UAV), for the first time under the effect of morphing and to improve autonomous flight performance.

Design/methodology/approach

This study aims to design and control the octorotor flight control system with stochastic optimal tuning under morphnig effect. For this purpose, models of different arm lengths of the octorotor were drawn in the Solidworks program. The morphing was carried out by simultaneously lengthening or shortening the arm lengths of the octorotor. The morphing rate was estimated by using simultaneous perturbation stochastic approximation (SPSA). The stochastic gradient descent algorithm, which is frequently used in machine learning, was used to estimate the changing moments of inertia with the change of arm lengths. The proportional integral derivative (PID) controller has been preferred as an octorotor control algorithm because of its simplicity of structure. The PID gains required to control both longitudinal and lateral flight were also estimated with SPSA.

Findings

With SPSA, three longitudinal flight PID gains, three lateral flight PID gains and one morphing ratio were estimated. PID gains remained within the limits set for SPSA, giving satisfactory results. In addition, the cost index created was 93% successful. The gradient descent algorithm used for the moment of inertia estimation achieved the optimum result in 1,570 iterations. However, in the simulations made with the obtained data, longitudinal and lateral flight was successfully carried out.

Originality/value

Octorotor longitudinal and lateral flight control was performed quickly and effectively with the proposed method. In addition, the desired parameters were obtained with the optimization methods used, and the longitudinal and lateral flight of the octorotor was successfully carried out in the desired trajectory.

Details

Aircraft Engineering and Aerospace Technology, vol. 96 no. 5
Type: Research Article
ISSN: 1748-8842

Keywords

Article
Publication date: 2 May 2024

Alamgir Khan, Javed Iqbal and Rasool Shah

This study presents a two-step numerical iteration method specifically designed to solve absolute value equations. The proposed method is valuable and efficient for solving…

Abstract

Purpose

This study presents a two-step numerical iteration method specifically designed to solve absolute value equations. The proposed method is valuable and efficient for solving absolute value equations. Several numerical examples were taken to demonstrate the accuracy and efficiency of the proposed method.

Design/methodology/approach

We present a two-step numerical iteration method for solving absolute value equations. Our two-step method consists of a predictor-corrector technique. The new method uses the generalized Newton method as the predictor step. The four-point open Newton-Cotes formula is considered the corrector step. The convergence of the proposed method is discussed in detail. This new method is highly effective for solving large systems due to its simplicity and effectiveness. We consider the beam equation, using the finite difference method to transform it into a system of absolute value equations, and then solve it using the proposed method.

Findings

The paper provides empirical insights into how to solve a system of absolute value equations.

Originality/value

This paper fulfills an identified need to study absolute value equations.

Details

Engineering Computations, vol. 41 no. 3
Type: Research Article
ISSN: 0264-4401

Keywords

Open Access
Article
Publication date: 4 September 2024

Raphael José Pereira Freitas

This study aims to elucidate the dynamics of monetary and fiscal policy interactions in Brazil, focusing on the impacts of positive shocks in government consumption and interest…

Abstract

Purpose

This study aims to elucidate the dynamics of monetary and fiscal policy interactions in Brazil, focusing on the impacts of positive shocks in government consumption and interest rates. By comparing rational and behavioral agent responses, it clarifies how these frameworks influence gross domestic product (GDP), inflation, private and government consumption and nominal interest rates.

Design/methodology/approach

The study employs a new Keynesian dynamic stochastic general equilibrium (DSGE) model with Bayesian estimation from 2000Q1 to 2022Q4, capturing rational and behavioral behaviors with adjustments for Brazilian economic idiosyncrasies. Impulse response functions (IRF) assess the dynamic effects of policy shocks, providing a comparative analysis of the two frameworks.

Findings

Behavioral agents show greater initial sensitivity to policy shocks, causing more pronounced fluctuations in GDP, inflation and private consumption compared to rational agents. Over time, the behavioral approach leads to a more robust recovery, while the rational approach results in a quicker return to equilibrium but less pronounced long-term recovery. The study also finds fiscal policy can partially offset the negative impacts of monetary tightening, with a more delayed effect in the behavioral model.

Originality/value

This paper provides insights into the interplay between monetary and fiscal policies under different agent expectations, emphasizing the importance of incorporating behavioral elements into macroeconomic models to better capture policy dynamics in emerging markets.

Details

EconomiA, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1517-7580

Keywords

Article
Publication date: 24 April 2024

Aymen Khadr

This paper focuses on the application of a robotic technique for modeling a three-wheeled mobile robot (WMR), considering it as a multibody polyarticulated system. Then the…

Abstract

Purpose

This paper focuses on the application of a robotic technique for modeling a three-wheeled mobile robot (WMR), considering it as a multibody polyarticulated system. Then the dynamic behavior of the developed model is verified using a physical model obtained by Simscape Multibody.

Design/methodology/approach

Firstly, a geometric model is developed using the modified Denavit–Hartenberg method. Then the dynamic model is derived using the algorithm of Newton–Euler. The developed model is performed for a three-wheeled differentially driven robot, which incorporates the slippage of wheels by including the Kiencke tire model to take into account the interaction of wheels with the ground. For the physical model, the mobile robot is designed using Solidworks. Then it is exported to Matlab using Simscape Multibody. The control of the WMR for both models is realized using Matlab/Simulink and aims to ensure efficient tracking of the desired trajectory.

Findings

Simulation results show a good similarity between the two models and verify both longitudinal and lateral behaviors of the WMR. This demonstrates the effectiveness of the developed model using the robotic approach and proves that it is sufficiently precise for the design of control schemes.

Originality/value

The motivation to adopt this robotic approach compared to conventional methods is the fact that it makes it possible to obtain models with a reduced number of operations. Furthermore, it allows the facility of implementation by numerical or symbolical programming. This work serves as a reference link for extending this methodology to other types of mobile robots.

Details

International Journal of Intelligent Unmanned Systems, vol. 12 no. 3
Type: Research Article
ISSN: 2049-6427

Keywords

Article
Publication date: 6 June 2024

Ömür Kıvanç Kürkçü and Mehmet Sezer

This study aims to treat a novel system of Volterra integro-differential equations with multiple delays and variable bounds, constituting a generic numerical method based on the…

Abstract

Purpose

This study aims to treat a novel system of Volterra integro-differential equations with multiple delays and variable bounds, constituting a generic numerical method based on the matrix equation and a combinatoric-parametric Charlier polynomials. The proposed method utilizes these polynomials for the matrix relations at the collocation points.

Design/methodology/approach

Thanks to the combinatorial eligibility of the method, the functional terms can be transformed into the generic matrix relations with low dimensions, and their resulting matrix equation. The obtained solutions are tested with regard to the parametric behaviour of the polynomials with $\alpha$, taking into account the condition number of an outcome matrix of the method. Residual error estimation improves those solutions without using any external method. A calculation of the residual error bound is also fulfilled.

Findings

All computations are carried out by a special programming module. The accuracy and productivity of the method are scrutinized via numerical and graphical results. Based on the discussions, one can point out that the method is very proper to solve a system in question.

Originality/value

This paper introduces a generic computational numerical method containing the matrix expansions of the combinatoric Charlier polynomials, in order to treat the system of Volterra integro-differential equations with multiple delays and variable bounds. Thus, the method enables to evaluate stiff differential and integral parts of the system in question. That is, these parts generates two novel components in terms of unknown terms with both differentiated and delay arguments. A rigorous error analysis is deployed via the residual function. Four benchmark problems are solved and interpreted. Their graphical and numerical results validate accuracy and efficiency of the proposed method. In fact, a generic method is, thereby, provided into the literature.

Details

Engineering Computations, vol. 41 no. 4
Type: Research Article
ISSN: 0264-4401

Keywords

Open Access
Article
Publication date: 16 May 2024

Axel Buck and Christian Mundt

Reynolds-averaged Navier–Stokes (RANS) models often perform poorly in shock/turbulence interaction regions, resulting in excessive wall heat load and incorrect representation of…

Abstract

Purpose

Reynolds-averaged Navier–Stokes (RANS) models often perform poorly in shock/turbulence interaction regions, resulting in excessive wall heat load and incorrect representation of the separation length in shockwave/turbulent boundary layer interactions. The authors suggest that this can be traced back to inadequate numerical treatment of the inviscid fluxes. The purpose of this study is an extension to the well-known Harten, Lax, van Leer, Einfeldt (HLLE) Riemann solver to overcome this issue.

Design/methodology/approach

It explicitly takes into account the broadening of waves due to the averaging procedure, which adds numerical dissipation and reduces excessive turbulence production across shocks. The scheme is derived based on the HLLE equations, and it is tested against three numerical experiments.

Findings

Sod’s shock tube case shows that the scheme succeeds in reducing turbulence amplification across shocks. A shock-free turbulent flat plate boundary layer indicates that smooth flow at moderate turbulence intensity is largely unaffected by the scheme. A shock/turbulent boundary layer interaction case with higher turbulence intensity shows that the added numerical dissipation can, however, impair the wall heat flux distribution.

Originality/value

The proposed scheme is motivated by implicit large eddy simulations that use numerical dissipation as subgrid-scale model. Introducing physical aspects of turbulence into the numerical treatment for RANS simulations is a novel approach.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 34 no. 6
Type: Research Article
ISSN: 0961-5539

Keywords

Article
Publication date: 19 October 2022

Fariba Ramezani, Amir Arjomandi and Charles Harvie

As a by-product of the production process, emissions can follow output fluctuations. Hence, disregarding the relationship between economic fluctuations and emissions could result…

Abstract

Purpose

As a by-product of the production process, emissions can follow output fluctuations. Hence, disregarding the relationship between economic fluctuations and emissions could result in undesirable environmental outcomes. This study aims to investigate the environmental and economic effects of abatement subsidies on overall emissions during business cycles in Australia.

Design/methodology/approach

A real business cycle (RBC) model is devised and parameterised in this paper. RBC models have been recently introduced to environmental policy analysis, and this study contributes to the literature by investigating the effects of a potential subsidy policy in an RBC framework. The model is also calibrated and provides solutions for the Australian economy.

Findings

The authors find that under a steady-state situation, supporting abatement can result in reducing emissions by 6.45% while it imposes welfare costs to the economy (by 0.61%). Simulation results show that an optimal abatement policy should be pro-cyclical, with the abatement subsidy increasing during expansions and decreasing during recessions. As well, in a subsidy policy setting, emissions would react pro-cyclically, i.e. emissions increase (decrease) when the gross domestic product increases (decreases). The abatement reaction by firms, however, is different, because when a positive productivity shock occurs, firms reduce abatement and allocate resources to production. Nonetheless, as time passes, the increased subsidy provides a strong enough incentive to allocate resources to abatement and, subsequently, abatement increases.

Originality/value

This paper investigates how an emission reduction subsidy should be adapted to macroeconomic fluctuations so that it can limit variations in emissions.

Details

Studies in Economics and Finance, vol. 41 no. 2
Type: Research Article
ISSN: 1086-7376

Keywords

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