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Article
Publication date: 16 September 2024

Yi-Chia Wang and Hong-Lin Su

This study aims to investigate the dynamics between exogenous shocks, financial stress and economic performance in the USA from January 1995 to August 2023.

Abstract

Purpose

This study aims to investigate the dynamics between exogenous shocks, financial stress and economic performance in the USA from January 1995 to August 2023.

Design/methodology/approach

Granger-causality tests and impulse response analyses are used to examine causal relationships and dynamic responses among crude oil prices, real M2 money supply, financial stress and key economic indicators.

Findings

This study reveals a significant correlation between elevated financial stress and reduced real output, along with disruptions in the labor market, potentially leading to economic recessionary trends. Failure to address these challenges could perpetuate labor market difficulties, weaken capital accumulation within the loanable funds market and ultimately hinder long-term economic growth prospects in the USA.

Practical implications

This study offers insights for policymakers to mitigate financial stress. Recommendations include enhancing financial surveillance, strengthening regulatory frameworks, promoting economic diversification and implementing countercyclical policies to stabilize the economy and support labor markets. In addition, proactive monitoring of financial stress indicators can serve as early warning signals, aiding in timely interventions and effective risk management strategies.

Originality/value

This research provides a comprehensive analysis of how the financial stress index (FSI) mediates the effects of external shocks on the US economy, addressing a gap in existing literature. The integration of the FSI into the analysis enhances the understanding of the transmission channels through which external shocks influence the economy.

Details

Studies in Economics and Finance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1086-7376

Keywords

Article
Publication date: 16 August 2023

Taraprasad Mohapatra, Sudhansu Sekhar Mishra, Mukesh Bathre and Sudhansu Sekhar Sahoo

The study aims to determine the the optimal value of output parameters of a variable compression ratio (CR) diesel engine are investigated at different loads, CR and fuel modes of…

Abstract

Purpose

The study aims to determine the the optimal value of output parameters of a variable compression ratio (CR) diesel engine are investigated at different loads, CR and fuel modes of operation experimentally. The output parameters of a variable compression ratio (CR) diesel engine are investigated at different loads, CR and fuel modes of operation experimentally. The performance parameters like brake thermal efficiency (BTE) and brake specific energy consumption (BSEC), whereas CO emission, HC emission, CO2 emission, NOx emission, exhaust gas temperature (EGT) and opacity are the emission parameters measured during the test. Tests are conducted for 2, 6 and 10 kg of load, 16.5 and 17.5 of CR.

Design/methodology/approach

In this investigation, the first engine was fueled with 100% diesel and 100% Calophyllum inophyllum oil in single-fuel mode. Then Calophyllum inophyllum oil with producer gas was fed to the engine. Calophyllum inophyllum oil offers lower BTE, CO and HC emissions, opacity and higher EGT, BSEC, CO2 emission and NOx emissions compared to diesel fuel in both fuel modes of operation observed. The performance optimization using the Taguchi approach is carried out to determine the optimal input parameters for maximum performance and minimum emissions for the test engine. The optimized value of the input parameters is then fed into the prediction techniques, such as the artificial neural network (ANN).

Findings

From multiple response optimization, the minimum emissions of 0.58% of CO, 42% of HC, 191 ppm NOx and maximum BTE of 21.56% for 16.5 CR, 10 kg load and dual fuel mode of operation are determined. Based on generated errors, the ANN is also ranked for precision. The proposed ANN model provides better prediction with minimum experimental data sets. The values of the R2 correlation coefficient are 1, 0.95552, 0.94367 and 0.97789 for training, validation, testing and all, respectively. The said biodiesel may be used as a substitute for conventional diesel fuel.

Originality/value

The blend of Calophyllum inophyllum oil-producer gas is used to run the diesel engine. Performance and emission analysis has been carried out, compared, optimized and validated.

Details

World Journal of Engineering, vol. 21 no. 5
Type: Research Article
ISSN: 1708-5284

Keywords

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…

36

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: 11 August 2023

Siva Sankara Rao Yemineni, Mallikarjuna Rao Kutchibotla and Subba Rao V.V.

This paper aims to analyze deeply the effect of surface roughness conditions of the common interface of the two-layered riveted cantilever beams on their frictional damping during…

Abstract

Purpose

This paper aims to analyze deeply the effect of surface roughness conditions of the common interface of the two-layered riveted cantilever beams on their frictional damping during free lateral vibration at first mode. Here, the product, (µ × α), and damping ratio, ξ, are the parameters whose variations are analyzed in this investigation. For this, the influencing parameters considered are the natural frequency of vibration, f; the amplitude of initial excitation, y; and surface roughness value, Ra.

Design/methodology/approach

For experimentally evaluating logarithmic damping decrement, d, the frequency response function analyzer for the case of free lateral vibrations was used. Later, for evaluating the product, µ × α (where µ is the kinematic coefficient of friction and α is the dynamic slip ratio), and then, the damping ratio, ξ, the empirical relation suggested for logarithmic damping decrement, d, of riveted cantilever beams was used. After this, the full and reduced quadratic models of the product, µ × α, ξ, response surface methodology (RSM) with the help of Design Expert 11 software was used. Corresponding main effects plots, surface plots and prediction comparison plots were obtained to observe the variations of the product, µ × α, ξ for the variations of influencing parameters: f, y and Ra. Finally, a machine learning technique such as artificial neural networks (ANNs) using “nntool” present in MATLAB R13a software was used to predict the ξ for the different combinations of f, y and Ra.

Findings

The full and reduced quadratic regression models for the product, (µ × α) and the damping ratio, ξ of riveted cantilever beams for free lateral vibrations of the first mode in terms of the parameters: f, y and Ra were obtained. In addition, the main effects plots, surface plots and prediction comparison plots for the product, µ × α, ξ, with the corresponding experimental values of the product, µ × α, ξ, were obtained. Also, the execution of ANNs using MATLAB R13a software is proved to be the more accurate tool for the prediction of damping ratios in comparison to quadratic regression equations obtained from Design Expert 11 software. In the end, the assumption that the effect of surface roughness value on the product, (µ × α), and the damping ratio, ξ, is negligible is proved to be true using the main effects plots for the product, (µ × α) and ξ obtained from the Design Expert 11 software.

Originality/value

Obtaining the full and reduced quadratic regression equations for the product, (µ × α), and ξ of the two-layered riveted cantilever beams in terms of parameters: f, y and Ra was done. In addition, the conditions for the corresponding minimum and maximum values of the product, (µ × α), and ξ were obtained. Later, the main effects plots, surface plots and comparison plots of the predicted product, (µ × α), and ξ versus experimental product, (µ × α), and ξ were also obtained. Finally, the predicted values of the product, (µ × α), and ξ using the ANNs tool are observed to be the more accurate values in comparison to that obtained from RSM using the Design Expert 11 software.

Article
Publication date: 16 September 2024

Émerson dos Santos Passari, Carlos Henrique Lauermann, André J. Souza, Fabio Pinto Silva and Rodrigo Rodrigues de Barros

The rapid growth of 3D printing has transformed the cost-effective production of prototypes and functional items, primarily using extrusion technology with thermoplastics. This…

Abstract

Purpose

The rapid growth of 3D printing has transformed the cost-effective production of prototypes and functional items, primarily using extrusion technology with thermoplastics. This study aims to focus on optimizing mechanical properties, precisely highlighting the crucial role of mechanical compressive strength in ensuring the functionality and durability of 3D-printed components, especially in industrial and engineering applications.

Design/methodology/approach

Using the Box−Behnken experimental design, the research investigated the influence of layer thickness, wall perimeter and infill level on mechanical resistance through compression. Parameters such as maximum force, printing time and mass utilization are considered for assessing and enhancing mechanical properties.

Findings

The layer thickness was identified as the most influential parameter over the compression time, followed by the degree of infill. The number of surface layers significantly influences both maximum strength and total mass. Optimization strategies suggest reducing infill percentage while maintaining moderate to high values for surface layers and layer thickness, enabling the production of lightweight components with adequate mechanical strength and reduced printing time. Experimental validation confirms the effectiveness of these strategies, with generated regression equations serving as a valuable predictive tool for similar parameters.

Practical implications

This research offers valuable insights for industries using 3D printing in creating prototypes and functional parts. By identifying optimal parameters such as layer thickness, surface layers and infill levels, the study helps manufacturers achieve stronger, lighter and more cost-efficient components. For industrial and engineering applications, adopting the outlined optimization strategies can result in components with enhanced mechanical strength and durability, while also reducing material costs and printing times. Practitioners can use the developed regression equations as predictive tools to fine-tune their production processes and achieve desired mechanical properties more effectively.

Originality/value

This research contributes to the ongoing evolution of additive manufacturing, providing insights into optimizing structural rigidity through polylactic acid (PLA) selection, Box−Behnken design and overall process optimization. These findings advance the understanding of fused deposition modeling (FDM) technology and offer practical implications for more efficient and economical 3D printing processes in industrial and engineering applications.

Details

Rapid Prototyping Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1355-2546

Keywords

Article
Publication date: 25 March 2024

Bronwyn Eager, Craig Deegan and Terese Fiedler

The purpose of this study is to provide a detailed demonstration of how artificial intelligence (AI) can be used to potentially generate valuable insights and recommendations…

Abstract

Purpose

The purpose of this study is to provide a detailed demonstration of how artificial intelligence (AI) can be used to potentially generate valuable insights and recommendations regarding the role of accounting in addressing key sustainability-related issues.

Design/methodology/approach

The study offers a novel method for leveraging AI tools to augment traditional scoping study techniques. The method was used to show how the authors can produce recommendations for potentially enhancing organisational accountability pertaining to seasonal workers.

Findings

Through the use of AI and informed by the knowledge base that the authors created, the authors have developed prescriptions that have the potential to advance the interests of seasonal workers. In doing so, the authors have focussed on developing a useful and detailed guide to assist their colleagues to apply AI to various research questions.

Originality/value

This study demonstrates the ability of AI to assist researchers in efficiently finding solutions to social problems. By augmenting traditional scoping study techniques with AI tools, the authors present a framework to assist future research in such areas as accounting and accountability.

Details

Meditari Accountancy Research, vol. 32 no. 5
Type: Research Article
ISSN: 2049-372X

Keywords

Article
Publication date: 17 September 2024

Mahdi Salari, Milad Ghanbari, Martin Skitmore and Majid Alipour

This paper aims to create a comprehensive framework for selecting alternative materials in construction projects, integrating building information modeling (BIM) and the particle…

Abstract

Purpose

This paper aims to create a comprehensive framework for selecting alternative materials in construction projects, integrating building information modeling (BIM) and the particle swarm optimization (PSO) algorithm. Materials comprise 60%–65% of the total project cost, and current methods require significant time and human resources.

Design/methodology/approach

A prototype framework is developed that considers multiple criteria to optimize the material selection process, addressing the significant investment of time and resources required in current methods. The study uses surveys and interviews with construction professionals to collect primary data on alternative materials selection.

Findings

The results show that integrating BIM and the PSO algorithm improves cost optimization and material selection outcomes.

Originality/value

This comprehensive tool enhances decision-making capabilities and resource utilization, improving project outcomes and resource utilization. It offers a systematic approach to evaluating and selecting materials, making it a valuable resource for construction professionals.

Details

Construction Innovation , vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1471-4175

Keywords

Open Access
Article
Publication date: 16 September 2024

Jessie Ming Sin Wong

This study examined the implementation of an agile-blended learning (ABL) approach in a master-level early childhood research course and assessed its impact on the learning…

Abstract

Purpose

This study examined the implementation of an agile-blended learning (ABL) approach in a master-level early childhood research course and assessed its impact on the learning experience. The purpose was to understand how incorporating ABL concepts affected flexibility, learner autonomy, collaboration and technology mediation, the core principles of ABL.

Design/methodology/approach

A participatory case study methodology was employed to gather insights from 40 students regarding their experiences in the redesigned research course. Data were collected through interviews, observations and document analysis. Qualitative data were thematically analyzed and quantitative data descriptively analyzed.

Findings

ABL fostered flexibility, convenience and learner autonomy. However, students desired richer interpersonal interactions. Technological integration enhanced learning, but social presence was lacking.

Research limitations/implications

The study was limited to a specific master-level early childhood education course and focused on a particular group of students. Further research is needed to examine the generalizability of the findings in different educational contexts and student populations.

Practical implications

Recommendations include ongoing professional development and support systems to optimize ABL realization. Sustaining ABL practices necessitates flexible, empowering institutional structures.

Originality/value

This study contributes to the literature by exploring the potential of ABL in the context of early childhood research education. It provides empirical evidence of the benefits of ABL for increased flexibility, learner autonomy, collaboration and technology mediation. The case study design adds to the originality by offering insights into the practical implementation of ABL in an educational setting.

Details

Asian Association of Open Universities Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1858-3431

Keywords

Open Access
Article
Publication date: 2 February 2024

Sumathi Annamalai and Aditi Vasunandan

With Industry 4.0 and the extensive rise of smart technologies, we are seeing remarkable transformations in work practices and workplaces. Scholars report the phenomenal progress…

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Abstract

Purpose

With Industry 4.0 and the extensive rise of smart technologies, we are seeing remarkable transformations in work practices and workplaces. Scholars report the phenomenal progress of smart technologies. At the same time, we can hear the rhetoric emphasising their potential threats. This study focusses on how and where intelligent machines are leveraged in the workplace, how humans co-working with intelligent machines are affected and what they believe can be done to mitigate the risks of the increased use of intelligent machines.

Design/methodology/approach

We conducted in-depth interviews with 15 respondents working in various leadership capacities associated with intelligent machines and technologies. Using NVivo, we coded and churned out the themes from the qualitative data collected.

Findings

This study shows how intelligent machines are leveraged across different industries, ranging from chatbots, intelligent sensors, cognitive systems and computer vision to the replica of the entire human being. They are used end-to-end in the value chain, increasing productivity, complementing human workers’ skillsets and augmenting decisions made by human workers. Human workers experience a blend of positive and negative emotions whilst co-working with intelligent machines, which influences their job satisfaction level. Organisations adopt several anticipatory strategies, like transforming into a learning organisation, identifying futuristic technologies and upskilling their human workers, regularly conducting social learning events and designing accelerated career paths to embrace intelligent technologies.

Originality/value

This study seeks to understand the emotional and practical implications of the use of intelligent machines by humans and how both entities can integrate and complement each other. These insights can help organisations and employees understand what future workplaces and practices will look like and how to remain relevant in this transformation.

Details

Central European Management Journal, vol. 32 no. 3
Type: Research Article
ISSN: 2658-0845

Keywords

Open Access
Article
Publication date: 30 January 2024

Christina Anderl and Guglielmo Maria Caporale

The article aims to establish whether the degree of aversion to inflation and the responsiveness to deviations from potential output have changed over time.

Abstract

Purpose

The article aims to establish whether the degree of aversion to inflation and the responsiveness to deviations from potential output have changed over time.

Design/methodology/approach

This paper assesses time variation in monetary policy rules by applying a time-varying parameter generalised methods of moments (TVP-GMM) framework.

Findings

Using monthly data until December 2022 for five inflation targeting countries (the UK, Canada, Australia, New Zealand, Sweden) and five countries with alternative monetary regimes (the US, Japan, Denmark, the Euro Area, Switzerland), we find that monetary policy has become more averse to inflation and more responsive to the output gap in both sets of countries over time. In particular, there has been a clear shift in inflation targeting countries towards a more hawkish stance on inflation since the adoption of this regime and a greater response to both inflation and the output gap in most countries after the global financial crisis, which indicates a stronger reliance on monetary rules to stabilise the economy in recent years. It also appears that inflation targeting countries pay greater attention to the exchange rate pass-through channel when setting interest rates. Finally, monetary surprises do not seem to be an important determinant of the evolution over time of the Taylor rule parameters, which suggests a high degree of monetary policy transparency in the countries under examination.

Originality/value

It provides new evidence on changes over time in monetary policy rules.

Details

Journal of Economic Studies, vol. 51 no. 9
Type: Research Article
ISSN: 0144-3585

Keywords

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