The purpose of this paper is to examine the time series properties of Australian residential mortgage interest rates, and in doing so, establish whether or not selected home loan rates （product-level monthly home loa...The purpose of this paper is to examine the time series properties of Australian residential mortgage interest rates, and in doing so, establish whether or not selected home loan rates （product-level monthly home loan interest rates for CBA） exhibit the expected cyclical and seasonal variations and whether seasonality, if present, is stochastic or deterministic. In particular, due to a well established presence of cyclicality in financial markets＇ interest rates and strong correlation between financial markets＇ interest rates and home loan interest rates, the paper presumes that cyclicality is also to be found in home loan interest rates. Furthermore, the paper tests the hypothesis that home loan interest rates, for selected products, exhibit the three identified （＂Spring＂, ＂Autumn＂ and ＂The end of the Financial Year＂） season-related interest rate reductions. The paper uses a structural time series modelling approach and product-level home loan interest rates data from one of the biggest banks in Australia, Commonwealth Bank of Australia （CBA）. As expected, the results overall confirm the existence of cyclicality in home loan interest rates. With respect to the seasonality of home loan interest rate, although most of the analysed variables show the presence of statistically significant seasonal factors, the majority of the statistically significant seasonal factors observed cannot be attributed to any of the three considered seasonal effects.展开更多
A model to describe the hysteresis damping characteristic of rubber material was presented.It consists of a parallel spring and damper,whose coefficients change with the vibration amplitude and frequency.In order to a...A model to describe the hysteresis damping characteristic of rubber material was presented.It consists of a parallel spring and damper,whose coefficients change with the vibration amplitude and frequency.In order to acquire these relations,force decomposition was carried out according to some sine vibration measurement data of nonlinear forces changing with the deformation of the rubber material.The nonlinear force is decomposed into a spring force and a damper force,which are represented by the amplitude-and frequency-dependent spring and damper coefficients,respectively.Repeating this step for different measurements gives different coefficients corresponding to different amplitudes and frequencies.Then,the application of a parameter identification method provides the requested approximation functions over amplitude and frequency.Using those formulae,as an example,the dynamic characteristic of a hollow shaft system supported by rubber rings was analyzed and the acceleration response curve in the centroid position was calculated.Comparisons with the sine vibration experiments of the real system show a maximal inaccuracy of 8.5%.Application of this model and procedure can simplify the modeling and analysis of mechanical systems including rubber materials.展开更多
文摘The purpose of this paper is to examine the time series properties of Australian residential mortgage interest rates, and in doing so, establish whether or not selected home loan rates （product-level monthly home loan interest rates for CBA） exhibit the expected cyclical and seasonal variations and whether seasonality, if present, is stochastic or deterministic. In particular, due to a well established presence of cyclicality in financial markets＇ interest rates and strong correlation between financial markets＇ interest rates and home loan interest rates, the paper presumes that cyclicality is also to be found in home loan interest rates. Furthermore, the paper tests the hypothesis that home loan interest rates, for selected products, exhibit the three identified （＂Spring＂, ＂Autumn＂ and ＂The end of the Financial Year＂） season-related interest rate reductions. The paper uses a structural time series modelling approach and product-level home loan interest rates data from one of the biggest banks in Australia, Commonwealth Bank of Australia （CBA）. As expected, the results overall confirm the existence of cyclicality in home loan interest rates. With respect to the seasonality of home loan interest rate, although most of the analysed variables show the presence of statistically significant seasonal factors, the majority of the statistically significant seasonal factors observed cannot be attributed to any of the three considered seasonal effects.
基金Project(50675042) supported by the National Natural Science Foundation of China
文摘A model to describe the hysteresis damping characteristic of rubber material was presented.It consists of a parallel spring and damper,whose coefficients change with the vibration amplitude and frequency.In order to acquire these relations,force decomposition was carried out according to some sine vibration measurement data of nonlinear forces changing with the deformation of the rubber material.The nonlinear force is decomposed into a spring force and a damper force,which are represented by the amplitude-and frequency-dependent spring and damper coefficients,respectively.Repeating this step for different measurements gives different coefficients corresponding to different amplitudes and frequencies.Then,the application of a parameter identification method provides the requested approximation functions over amplitude and frequency.Using those formulae,as an example,the dynamic characteristic of a hollow shaft system supported by rubber rings was analyzed and the acceleration response curve in the centroid position was calculated.Comparisons with the sine vibration experiments of the real system show a maximal inaccuracy of 8.5%.Application of this model and procedure can simplify the modeling and analysis of mechanical systems including rubber materials.
