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The hours series reflects a large contraction of more than 2 percent during the recession years.
The argument for this kind of adjustment is that high levels of unemployment cause increased benefit payments and reduced tax receipts that are abnormal, and if the government were to try to maintain a simple budget balance at times of high employment, this would require a large contraction in the other activities it supports.
Definition 2.3 (see [4] (large contraction)).
Thus,, for some and is a large contraction.
The green ellipsoid in the B U area implies an area with large contraction.
Let be a complete metric space and be a large contraction.
Similar(29)
Theorem 2.12 extends the Banach contraction principle of strictly contractive maps and the fixed point properties of large contractions to the case when the self-map is defined via switching-based combination of contractive primary self-maps as follows.
The Great Recession, which began in 2008, brought about large contractions in aggregate consumption in many countries.
for some sufficiently large or the Condition of Section 2 for large contractions, together with the (asymptotic) modified condition (3.9).
Comparing 2010 Q4 to 1998:Q2, there is less employment in establishments with large expansions and births (g>.03) and less employment in establishments with large contractions or deaths (g<−.06).
The terminology "strictly contractive self-map" is used for the standard contractions referred to in the Banach contraction principle [6, 16] as a counterpart of the alternative terminology used for large contractions [6], here introduced below.
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