Is pass‑through of the exchange rate to restaurant and hotel prices asymmetric in the US?Role of monetary policy uncertainty

This study examines the exchange rate pass-through to the United States(US)restaurant and hotel prices by incorporating the effect of monetary policy uncertainty over the period 2001:M12 to 2019:M01.Using the nonlinear autoregressive distributed lag(NARDL)model,empirical evidence indicates asymmetric pass-through of exchange rate and monetary policy uncertainty.Moreover,a stronger pass-through effect is observed during depreciation and a negative shock in monetary policy uncertainty,corroborating asymmetric pass-through predictions.Our results further show that a positive shock in energy prices leads to an increase in restaurant and hotel prices.Furthermore,asymmetric causality indicates that a positive shock in the exchange rate causes a positive shock to restaurant and hotel prices.We found feedback causal effects between positive and negative shocks in monetary policy uncertainty and positive and negative shocks in the exchange rate.Additionally,we detected a one-way asymmetric causality,flowing from a positive(negative)shock to a positive(negative)shock in energy prices.Therefore,these findings provide insights for policymakers to achieve low and stable prices in the US restaurant and hotel industry through sound monetary policy formulations.Highlights.The drivers of restaurant and hotel business in tourism destinations are examined.There is asymmetric pass-through of exchange rate and monetary policy uncertainty.A stronger pass-through is observed during appreciation and a negative shock to monetary policy uncertainty.There is asymmetric causality from positive shock in exchange rate to postive shock in restaurant and hotel prices.

Adsorption of Ce(Ⅳ) Anionic Nitrato Complexes onto Anion Exchangers and Its Application for Ce(Ⅳ) Separation from Rare Earths(Ⅲ)

Ce （Ⅳ） nitrato complexes were adsorbed on two anion exchangers based on polyvinyl pyridine （PVP） and quatemized PVP incorporated into porous silica matrix. The effect of nitric acid concentration （0.5～6 mol·L^-1） and temperature （278 ～318 K） on Ce（ Ⅳ ） sorption efficiency was investigated. Sorption increased with increasing nitric acid concentration, indicating that [Ce（NO3）6]^2- complex is the main adsorbed Ce（Ⅳ） species. Oxidation of sorbents by adsorbed Ce （ Ⅳ ） species resulting in Ce （ Ⅲ ） release to the solution was observed. Pyridine based anion exchangers exhibited higher oxidation stability compared to the commercial strong base anion exchanger. Ce（ Ⅳ ） reduction was temperature dependent and obeyed pseudo-first-order reaction kinetics. Column separation of Ce （ Ⅳ ） from La （ Ⅲ ） and Y （ Ⅲ ） was carried out from 6 mol·L^-1 nitric acid with PVP based anion exchanger. Reasonable Ce （Ⅳ） breakthrough capacity （0.7 mol·kg^-1 PVP） was achieved. No remarkable decrease of capacity was observed within 3 consequent runs. In contrast, Ce （Ⅲ） leakage due to reduction decreased and breakthrough capacity slightly increased. This effect was more pronounced with increasing temperature. Regeneration with 0.1 mol·L^- 1 nitric acid was successful （recovery 100% ± 4% ） and Ce solution of high purity （ 〉 99.97% ） with respect to La and Y content was gained.

Exchange Bias Effect in Phase Separated La0.33Pr0.34Ca0.33MnO3 Thin Films

Exchange bias effect is observed in the phase separated La0.33Pr0.34Ca0.33MnO3 thin films. High exchange bias field of about 1 kOe is achieved at 4 K. The exchange bias effect in La0.33Pr0.34Ca0.33MnO3 thin films might originate from the intrinsic phase separation of the La0.33Pr0.34Ca0.33MnO3 or surface effect. The dependence of exchange bias effect on temperature, cooling field, and thickness is also investigated. This work would open an avenue to the application in the magnetic memory devices based on the phase separated manganites.

Experimental Investigation on Heat Exchange and Separation Performance of an Annular Structured Internal Heat-integrated Distillation Column

In this paper heat exchange coefficient and separation efficiency of an annular structured internal heat-integrated distillation column(HIDi C) were experimentally measured. About 50% heat of the inner column could be transferred to the outer column. The overall heat exchange coefficient decreased with an increase in pressure ratio of the inner column and the outer column, but was little affected by the F-factor. The increase of the pressure ratio decreased obviously the separation efficiency of the outer column but had little effect on that of the inner column.

Separation process study of liquid phase catalytic exchange reaction based on the Pt/C/PTFE catalysts

The liquid phase catalytic exchange(LPCE) reaction is an effective process for heavy water detritiation and production of deuterium-depleted potable water. In the current study, hydrophobic carbon-supported platinum catalysts(Pt/C/PTFE) with high efficiency as reported previously for LPCE were prepared and comprehensive performance evaluation method is applied to evaluate the separation behaviors of LPCE systematically. Experimental results indicate that the optimum reaction temperature of 60–80℃ and the molar feed ratio G/L of 1.5–2.5 would lead to higher separation efficiencies. As to the packing method, a random packing mode with a packing ratio of hydrophobic catalysts 0.25 is recommended. In addition, thermodynamic analysis corresponds well with experimental results under lower temperature and G/L, while the suppression of kinetic factors should not be neglected when T > 80℃ and G/L > 1.5.

Separation of Clay Minerals from Host Sediments Using Cation Exchange Resins

Classic physical and chemical treatments applied to separating clay minerals from the host sediments are often difficult or aggressive for clay minerals. A technique using cation exchange resins (amberlite IRC\|50H and amberlite IR\|120) is used to separate clay minerals from the host sediments. The technique is based on the exchange of cations in the minerals that may be associated clay minerals in sediments, such as Ca and Mg from dolomite; Ca from calcite, gypsum and francolite with cations carried by resin radicals. The associated minerals such as gypsum, calcite, dolomite and francolite are removed in descending order. Separation of clay minerals using cation exchange resins is less aggressive than that by other classic treatments. The efficiency of amberlite IRC\|50H in the removal of associated minerals is greater than that of amberlite IR\|120.

Study on the Separation of Co^(2+) from Zn^(2+) , Cd^(2+) by Anion-exchange Chromatography

The separation of Co 2+ from Zn 2+ , Cd 2+ by anion exchange chromatography was discussed. The chromatographic column containing anion resin 201×7 which was saturated with a solution of ammonium chloride. The effects of the eluant acidity and eluant composition on the separation were investigated. The results indicate that this anion exchange chromatography is suitable to the separation of Co 2+ from Zn 2+ , Cd 2+ , and the condition of separation is simple and convenient. When the column is saturated with NH 4Cl solution (2.0 mol/L, pH=4.0), the separation can be completed effectively. Zn 2+ and Cd 2+ can also be separa ted when different eluants are used and the pure solution with high concentration of Zn 2+ , Cd 2+ respectively can be obtained ea sily.

Chiral ionic liquids as chiral selectors for separation of tryptophan enantiomers by ligand exchange chromatography

Chiral ionic liquids (CILs) containing imidazolium cations and L-Proline (L-Pro) anions were applied as chiral selector to separate tryptophan (Trp) enantiomers on a C18 column by ligand exchange chromatography. Several factors influencing Trp enantiomers separation, such as alkyl chain length of CILs, concentrations of Cu2+ and CILs, pH of the mobile phase, flow rate, organic solvent and temperature, were studied. Under the optimal conditions, the Trp enantiomers could be successfully separated within 21 min with the resolution of 2.30. At the same time, some thermodynamical parameters were obtained. The experimental results show that the enthalpy values of the Trp enantiomers are negative, indicating that the separation process is exothermic. And the enthalpy values of D-Trp are larger than those of L-Trp, which indicates that L-Trp could form more stable ternary complexes with tryptophan enantiomers.

Optimal design of the separate type heat pipe heat exchanger

Separate type heat pipe heat exchangers are often used for large-scale heat exchanging. The arrangement of such a heat exchanger conveniently allows heat input to and output from the heat exchanger at remote locations. The traditional method of designing an ordinary HPHE (heat pipe heat exchanger) is commonly applied in the separate type exchanger design, but the calculations have to be carried out separately, which makes it very complicated. In this work, the ε-NTU (effectiveness-Number of Transfer Units) method was applied for optimization analysis of single- or multi-level separate type heat pipe heat exchangers. An optimizing formula for single-level separate type heat pipe heat exchangers was obtained. The optimizing principles of effec- tiveness-NTU and heat transfer rate by the equal distribution method for multi-level separate type heat pipe heat exchanger are presented. The design of separate type heat pipe heat exchangers by the optimizing method is more convenient and faster than by the traditional method.

Continuous Separation of Cesium Based on NiHCF/PTCF Electrode by Electrochemically Switched Ion Exchange

Nickel hexacyanoferrate (NiHCF) film was synthesized on porous three-dimensional carbon felt (PTCF) substrate by repetitious batch chemical depositions, and the NiHCF/PTCF electrode was used as electrochemically switched ion exchange (ESIX) electrode in a packed bed for continuous separation for cesium ions. The morphologies of the prepared electrodes were characterized by scanning electron microscopy and the effects of solution concentration on the ion-exchange capacity of the electrodes were investigated by cyclic voltammetry technique. Cycling stability and long-term storage stability of NiHCF/PTCF electrodes were also studied. The NiHCF/PTCF electrodes with excellent ion-exchange ability were used to assemble a diaphragm-isolated ESIX reactor for cesium separation. Continuous separation of cesium and regeneration of NiHCF/PTCF electrode based on the diaphragm-isolated reactor were performed in a laboratory-scale two-electrode system.

Simulation and heat exchanger network designs for a novel single-column cryogenic air separation process

To realize the industrialization of the novel single-column air separation process proposed in previous work,steady-state simulation for four different configurations of the single-column process with ternary(nitrogen,oxygen and argon)is developed.Then,exergy analysis of the single-column processes is also carried out and compared with the conventional double-column air separation process at the same capacity.Furthermore,based on the steady-state simulation of single-column processes,the different heat exchanger networks(HENs)for the main heat exchanger and subcooler in each process are designed.To obtain better performance for this novel process,optimization of process configuration and operation is investigated.The optimal condition and configuration for this process is consisted as:feedstock is divided into two streams and the reflux nitrogen is compressed at the approximate temperature of 301 K.In addition,HEN is optimized to minimize the utilities.HENs without utilities are obtained for the four different configurations of single-column process.Furthermore,capital costs of the HEN for different cases are estimated and compared.

Poly [ (chloromethyl) styrene-co-divinylbenzene] Continuous Rod Column of Weak Cation Exchange Chromatography and its Applications in the Separation of Biopolymers

Macroporous poly [(chloromethyl) styrene-co-divinylbenzene] continuous rod was prepared by direct polymerization of the monomers in the presence of a porogenic diluent inside an empty chromatographic column. A new 'in-situ' technique was used to modify the synthesized polymer rod for a weak cation exchanger and it has been used successfully for the separation of biopolymers. It was found that the back pressure of the continuous rod column was much lower and its surface was proved to be modified well.

Separation of Neutral Amino Acids with Ligand Exchange Resins

Four neutral amino acids (Gly, Ala,.Val and Leu) were separated with ligand exchange resins. The separation capacity of the ligand exchange resins is compared with that of common ion exchange resins. The effects of eluent, column temperature, and central metal ions of the support on the separation are studied. The relationship between matrix structure of resins and their separation capacity is analysed.

Effects of Polar Organic Solvent on Separation of Y(edta)^-/Nd(edta)^- Complexes on Polyacrylic Anion Exchangers

The use of polar organic solvents for the separations of rare earth elements (Ⅲ) is effective especially for their extensive separations despite the solubility limitations. The study shows that polyacrylate anion exchangers, particularly the weakly basic, gel anion exchanger Amberlite IRA 68, can be applied to the separation of rare earth complexes with EDTA in H_2O-methanol and H_2O-ethanol systems. In most cases the determined distribution coefficients of Ln^(3+) complexes with EDTA in mixed media like water-methanol on polyacrylate anion exchangers are larger than those in pure water (media.)

A Novel Operation Policy for Dilute Component Separation-Quasi-batch Distillation

A new operation policy--quasi-batch distillation for recovering infinitesimal amounts species existing in a mixture is presented. In quasi-batch distillation operation, feed is introduced with a constant flow rate onto the feed stage of the column, and the flow rate of the distillate is the same as that of the feed, whereas the bottom product is withdrawn periodically. The behavior of quasi-batch distillation is simulated and analyzed through an example on heavy water separation. Comparing with continuous or batch distillation, the new operation policy is more reliable and efficient to achieve higher recovery of dilute component. This is especially suitable for separating small amount of precious species from large amount of raw material.

Thin-Layer Chromatographic Separation of Amino Acid Enantiomers using Ligand Exchange

Silica gel thin-layer plates covered with L-arginine and copper acetate were used for the separation of amino acid enantiomers, The chromatographic selectivity and the effects of plate different preparation methods, sample molecular structure and solvent compositions on resolution performance were also discussed.

Analysis on RMB Exchange Rate Policy

Based on this global environment, this essay will first present basic concepts of RMB exchange rate policy and its evolutionhistory, then discuss some important challenges from the global perspective that the Chinese government meets in terms of the increasinglyundervalued exchange rate, thirdly argue that China cannot take a substantial appreciation, Finally discuss whether China should take a gradualappreciation by comparing its advantages and disadvantages.

STUDY ON THE SEPARATION OF GLUTAMIC ACID BY ION-EXCHANGE

The feasibility of recavering glutamic acid by ion exchange method with macroporous resins was investigated. Their adsorption properties in static state and the effective factors,such as pH, concentration of feed and the ratio of ammonium ion toglutamic acid,were systematically explored. The best conditions of separating glutamic acid from mother liquid were obtained.

The Appreciation Pressure on RMB Yuan and the Adjustment of RMB Exchange Rate Policy

China has maintained RMB exchange rate nearly unchanged since 1998. However, with the relaxation of capital control, a crawling peg, a more flexible RMB exchange rate regime, is inevitable. Based on improving the current formation mechanism of RMB exchange rate, Chinese government could widen the floating band around the central parity; in the long run, switching the peg from USD alone to a basket of currencies may be a better choice.

“价补分离”改革对中国玉米生产的影响效应与作用机制

基于2009—2020年玉米主产省市域层面数据,采用DID模型和中介效应模型,探究“价补分离”改革对中国玉米生产的影响效应与作用机制。研究表明:价补分离政策显著减少了玉米播种面积,提高了玉米单位面积产量,并降低了玉米总产量;价补分离政策对玉米生产的影响具有时效性,这一影响随时间推移而减弱;价补分离政策通过增加竞争作物种植比例来减少玉米播种面积,同时促进了粮食作物种植结构优化;价补分离政策通过增加农业机械化水平促进了玉米单产;玉米播种面积的负向效应大于玉米单产的正向效应,价补分离政策通过减少玉米播种面积,最终使玉米总产量降低。