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Cantillon suggested that inflation occurs gradually and that the new supply of money has a localised effect on inflation, effectively originating the concept of non-neutral money.
But in spite of this direct localised effect, it is the (distant) principal authority that receives all of the business rates to disburse as it chooses.
The global financial crisis had a more localised effect 20 years ago, centred around London and New York, at least insofar as the art market was concerned.
The proposed procedure takes into account the localised effect of a fire with the help of Hasemi's model.
It is found that the two latter parameters have a more localised effect on the R values and their influence does not warrant generalisation at this stage.
Compared with the localised effect of visible cameras on speeds and crashes mainly in speed camera areas, the hidden cameras had a more general effect on all roads.
Similar(49)
These explosions (typically VEI 1) have localised effects around the explosion vent but can be located in geothermal areas away from the summit.
Such localised effects are known to drive greater biological damage than the uniform exposure delivered by x-rays, potentially contributing to their greater effectiveness.
There are also localised ovarian effects of high uterine bacterial growth density, because fewer first dominant follicles are selected in the ovary ipsilateral than contralateral to the previously gravid uterine horn.
Orally administered bacteria, engineered to produce anti-inflammatory cytokines (IL-10, IL-1Ra), have shown localised ameliorating effects in inflammatory gastro-intestinal conditions.
Therefore, models suggesting localised cortical effects under the TMS coil or tDCS electrodes are potentially over-simplistic and more research is needed to understand the overall network effects of stimulation.
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