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WISeKey Welcomes Confederation’s Decision to Establish the “Swiss Government Cloud” by 2026

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星期二, 五月 28, 2024

The system which will be ready for use by early 2026, will also be available to local governmental offices: cantons, cities, and municipalities.

Key Points:

The system which will be ready for use by early 2026, will also be available to local governmental offices: cantons, cities, and municipalities.
WISeKey emphasizes Switzerland's potential to establish future-oriented skills that have an impact far beyond its borders and to build international trust.
As a concrete measure of support, WISeKey already operates a Swiss-EU-based WISeID Cloud Storage service via www.wiseid.com .
A video demonstrating how WISeKey utilizes these unique mountain facilities to meet the highest security standards is available at https://youtu.be/ZKzQvWHZJB4?si=lmBQOOenNmlIj7E6 .

The quantity theory of money, 1870-2020

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星期二, 五月 28, 2024

Theta, Money, Social science, Economy, Canadian International Council, Moderated mediation, GDP, M1, L3, Monetarism, Credit, Private sector, Institute of Economic Affairs, Common, Ben Bernanke, American Economic Review, Statistics, CSD, Deutsche Bundesbank, Federal Reserve Bank, Journal, Section 2, Counter-revolutionary, 1940, University, YRT, World war, OTM, AMG, World War II, Bank of France, Research Papers in Economics, Real, Congress, Central bank, Quarterly Journal, ECB, Developed country, Filter (signal processing), Reproduction, L1, R.E, Behavior, Rot, Table, Great Moderation, COVID-19, QTM, Environmental economics, Forecasting, McCandless, Quantity, International, VAR, CIPS, Springer, CPI, Website, University of Chicago Press, Bank, Equation, Growth, The Economic Journal, ADF, Observation, IPAT, B23, Journal of Econometrics, Methodology, JEL, PMG, Causality, Chapter, Nicolaus Copernicus, Comparison, Bordo, Journal of Political Economy, 1970, Quarterly Journal of Economics, World War I, RT, Pure, EDS, Baumol–Tobin model, Elasticity, Post-war, Bound, B16, PDF, Section 4, Exercise, Bias, XT, Assenmacher, EQ, Science, D11, Band-pass filter, Note, E50, Periodicity, Art, E40, Cross-sectional study, Oxford University Press, European Central Bank, Literature, Chief Justice of India, ARDL, DJI, Politics, Research, Eastern Economic Journal, Panel data, Gold standard, University of Oxford, Data, Uji, CDP, Palladium

Working Paper Series

Key Points:

Working Paper Series
Alexander Jung
The quantity theory of money,
1870-2020

No 2940

Disclaimer: This paper should not be reported as representing the views of the European Central Bank
(ECB).
Abstract
This study re-assesses the validity of the quantity theory of money (QTM) for the very long sample,
1870 to 2020, for 18 industrial countries using the dataset from Jord? et al.
ECB Working Paper Series No 2940
1

Non-technical summary
The quantity theory of money (QTM) is a central tenet of monetary economics.
Second, panel regressions confirm the presence of long and variable lags in the monetary policy
transmission, as predicted by Milton Friedman.
Introduction
The quantity theory of money (QTM) is a central tenet of monetary economics and became the
workhorse model of the Monetarist school in the 20th century.
1 It postulates a stable long-run link
between the quantity of money and prices and implies that money growth is a key driver of inflation
over longer horizons.
Lucas (2006) emphasized that the monetary pillar of central bank policy decisively
contributed to reducing inflation when it was too high.
In the 1970s and 1980s, central bankers and
researchers paid much attention to the quantity equation, and many countries pursued monetary targeting
as their monetary policy strategy (see Table 1).
Towards the end of the 20th century, severe velocity
shocks occurred, thus violating the constant money velocity assumption of the quantity theory.
*** insert Table 1 here ***
This study provides a reassessment of QTM based on panel approaches and using the dataset from
Jord? et al.
(2017) for 18 industrial countries that allow to conduct tests for the very long sample from
1870 to 2020.
The results show that an I(2) modeling strategy is not
indicated (Juselius, 2021; Assenmacher and Beyer, 2020; Jung and Carcel Villanova, 2020).
Within this
approach, I examine time variation by estimating the regressions for different subsamples and providing
rolling window regressions of the CCEPMG estimator.
Second, panel regressions confirm the presence of long and variable lags in the monetary policy
transmission, as predicted by Milton Friedman.
Notable exceptions are studies based on
country approaches for the United States and the United Kingdom (e.g., Benati, 2005; Sargent and
Surico, 2008).
Section 4 provides empirical results on the long-run link between excess
money growth and inflation and section 5 concludes.
A well-known implication of the quantity theory is that in the long run (i.e., if V and Yr are fixed),
the price level is proportional to the money stock, and there is no link between money growth and real
variables.
The empirical literature has focused on the point that ?a given change in the quantity of money
induces ? an equal change in the rate of price inflation? (Lucas, 1980).
The literature suggests that excess money growth, i.e., nominal money in excess of real GDP, is
more closely related to inflation.
Lucas (1980 and 1996) suggested that the link between money growth and inflation may not be
found in the data owing to statistical noise.
Chart 2 illustrates the long-run comovement between money growth and
inflation for 18 industrial countries between 1900 and 2000.
whether a given change in the quantity of money induces
an equal change in nominal rates of interest.
McCandless and Weber (1995) also examined the link between money
growth and real GDP growth and found no correlation.
Testing the validity of the quantity theory may also face some limitations concerning the correct
measurement of money growth or inflation.
Famous researchers have argued that the Divisia approach to calculating monetary aggregates
would be best suited to test the quantity theory (Barnett, 1980; Lucas, 2000).
Long-run Evidence on the Quantity Theory of Money.
The quantity theory of money: Its historical evolution and role in policy debates.
Two illustrations of the quantity theory of money.
), A journey
from theory to practice ? an ECB colloquium held in honour of Otmar Issing, 16-17 March 2006, 168171.
Two illustrations of the quantity theory of money: breakdowns and revivals.
The dashed line illustrates a coefficient of 1, as stipulated by the quantity theory of money; for
broad money, no data for Belgium was available until 1980.

Supermicro Announces Upcoming X14 Server Family with Future Support for the Intel® Xeon® 6 processor with Early Access Programs

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星期二, 四月 9, 2024

Cloud, VDI, BMC, Total, PCI Express, AI, 2.0, Advanced Matrix Extensions, Partnership, TCO, Rot, NVIDIA, OAM, Enterprise, Graphics processing unit, FP16, Data analysis, Workload, DDR5, System, NIST, Data-rate units, Architecture, EDSFF, HPC, Stiffness, OCP, Storage, Research, JumpStart, Intel, NVM Express, CPU, CXL, Electricity, GPU, Video game

SAN JOSE, Calif. and PHOENIX, April 9, 2024 /PRNewswire/ -- Intel Vision 2024 -- Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for Cloud, AI/ML, Storage, and 5G/Edge, is announcing its X14 server portfolio with future support for the Intel® Xeon® 6 processor. The combination of Supermicro's Building Block Architecture, rack plug-and-play and liquid cooling solutions, and the breadth of the new Intel Xeon 6 processor family means Supermicro can deliver optimized solutions for any workload and at any scale, with superior performance and efficiency. Accelerating customers' time-to-solution, Supermicro is also providing early access to the new systems, which are available to qualified customers, via Supermicro's Early Ship program and free remote access for testing and validation via the JumpStart Program.

Key Points:

The upcoming processors will also feature built-in Intel Accelerator Engines with new support for FP16 on Intel Advanced Matrix Extensions.
Customers can leverage the Intel Xeon 6 processors with Efficient-cores and Performance-cores in a wide range of Supermicro X14 servers, with minimal software redesign and new server architectural advantages included.
Supermicro will offer pre-launch availability of new X14 systems powered by the Intel® Xeon® 6 processor to qualified customers through its remote JumpStart and Early Ship programs to perform workload validation.
Supermicro X14 systems are designed to operate in high-temperature data center environments up to 40° C (104° F), reducing cooling costs.

Supermicro Announces Upcoming X14 Server Family with Future Support for the Intel® Xeon® 6 processor with Early Access Programs

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星期二, 四月 9, 2024

SAN JOSE, Calif. and PHOENIX, April 9, 2024 /PRNewswire/ -- Intel Vision 2024 -- Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for Cloud, AI/ML, Storage, and 5G/Edge, is announcing its X14 server portfolio with future support for the Intel® Xeon® 6 processor. The combination of Supermicro's Building Block Architecture, rack plug-and-play and liquid cooling solutions, and the breadth of the new Intel Xeon 6 processor family means Supermicro can deliver optimized solutions for any workload and at any scale, with superior performance and efficiency. Accelerating customers' time-to-solution, Supermicro is also providing early access to the new systems, which are available to qualified customers, via Supermicro's Early Ship program and free remote access for testing and validation via the JumpStart Program.

Key Points:

The upcoming processors will also feature built-in Intel Accelerator Engines with new support for FP16 on Intel Advanced Matrix Extensions.
Customers can leverage the Intel Xeon 6 processors with Efficient-cores and Performance-cores in a wide range of Supermicro X14 servers, with minimal software redesign and new server architectural advantages included.
Supermicro will offer pre-launch availability of new X14 systems powered by the Intel® Xeon® 6 processor to qualified customers through its remote JumpStart and Early Ship programs to perform workload validation.
Supermicro X14 systems are designed to operate in high-temperature data center environments up to 40° C (104° F), reducing cooling costs.

PSA Certified Announces New PSA Certified Level 4 Certification and Continued Partner Growth

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星期四, 四月 4, 2024

Benefits of PSA Certified Level 4 iSE / SE Certification include:

Key Points:

Benefits of PSA Certified Level 4 iSE / SE Certification include:
PSA Certified Level 4 iSE/SE considers more sophisticated attack methods in scope.
A trusted subsystem that achieves PSA Certified Level 4 iSE/SE can be used through composition in a PSA Certified Level 3+SE certification of the full PSA RoT security functionality.
The PSA Certified Level 3 document has been updated to allow this new certification level.
The first partner to aim for the PSA Certified Level 4 iSE/SE standard is Infineon , showcasing its commitment to developing IoT devices to the highest security-by-design standards.

Winbond extends its secure flash family with new memory densities, PQC support and secure supply chain management

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星期一, 四月 1, 2024

In response, US NSA and UK NCSC have adopted LMS as the preferred PQC algorithms for digitally signing and authenticating firmware and software updates.

Key Points:

In response, US NSA and UK NCSC have adopted LMS as the preferred PQC algorithms for digitally signing and authenticating firmware and software updates.
Winbond is proud to be the first memory vendor to integrate PQC, meeting the emerging regulations requirements and setting a new standard in the industry.
Authentication: Winbond Secure Flash devices employ stringent authentication protocols, ensuring that only authorized actors and software layers gain access.
Secure Supply Chain: the origin and integrity of flash content is guaranteed by Secure Flash at every stage of the supply chain.

SEALSQ Unveils New Upgrades to INeS, Its Certificate Management Solution (CMS), Tailored for the Internet of Things (IoT) Domain

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星期一, 三月 11, 2024

Cloud, Google Cloud, Research, REST, CMS, AI, API, Intelligence, EST, X.509, Rot, Root, Learning, Communication, City, Ines, CMP, M2M, Ecosystem, Post-quantum cryptography, SCEP, ISO/IEC, LPWA, PKI, Mobile device management, AWS, CMC, Customer service

Geneva, Switzerland, March 11, 2024 (GLOBE NEWSWIRE) -- SEALSQ Corp (Nasdaq: LAES) (“SEALSQ” or “Company”), a leader in semiconductor, PKI, and Post-Quantum technology today unveiled new upgrades to INeS, its Certificate Management Solution (CMS), tailored for the IoT domain.

Key Points:

Geneva, Switzerland, March 11, 2024 (GLOBE NEWSWIRE) -- SEALSQ Corp (Nasdaq: LAES) (“SEALSQ” or “Company”), a leader in semiconductor, PKI, and Post-Quantum technology today unveiled new upgrades to INeS, its Certificate Management Solution (CMS), tailored for the IoT domain.
This integration empowers SEALSQ to offer comprehensive IoT device management services as part of its product suite.
This innovation allows customers and developers to automate the management of devices and certificates, seamlessly integrating these processes with the manufacturing pipeline.
Employing public key cryptography and digital certificates, SEALSQ's enhanced INeS CMS for IoT offers a versatile and scalable certificate management solution.

OpenTitan® Partnership Makes History as First Open-Source Silicon Project to Reach Commercial Availability

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星期二, 二月 13, 2024

ETH Zurich, Socs, Silicon, IPS, Nuvoton, Internet of things, ICS, Rot, Western Digital, History, Ecosystem, Connectivity, IP, Heart, LowRISC, Hand, Software, Partnership, Mobile phone

, the open silicon ecosystem organization, and the OpenTitan coalition today announced a historic milestone as the first open-source silicon project to reach commercial availability, with validated chips in hand.

Key Points:

, the open silicon ecosystem organization, and the OpenTitan coalition today announced a historic milestone as the first open-source silicon project to reach commercial availability, with validated chips in hand.
With Google’s support, the project took off from its first year , setting it on a trajectory to make it the most active and successful open-source silicon project in history.
Throughout its lifetime, the OpenTitan coalition thrived as an open silicon ecosystem, consistently following a well-defined roadmap from discrete to integrated secure silicon designs.
In addition, the project will release an updated discrete “ EarlGrey ” chip design, with additional coverage and development.

zeroRISC, Nuvoton and Winbond Join Forces to Deliver the First Commercial Product Based on the OpenTitan® Open-Source Secure Silicon Platform

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星期二, 二月 13, 2024

Semiconductor, Security, IOT (Internet of Things), Technology, Software, Internet, Hardware, Socs, Silicon, Nuvoton, Internet of things, Rot, OS, Electronics, LowRISC, Pernicious, Partnership, Risk management

This release is in conjunction with today’s historic announcement by lowRISC and the OpenTitan coalition as the first open-source silicon design to reach commercial availability.

Key Points:

This release is in conjunction with today’s historic announcement by lowRISC and the OpenTitan coalition as the first open-source silicon design to reach commercial availability.
As such, truly trustworthy security must start below the OS with secure silicon like OpenTitan® and secure-by-design firmware.
Additionally, Winbond and zeroRISC are working closely to introduce the integrated OpenTitan SEE equipped with comprehensive support for secure external flash.
For more information about early access availability of the first open-source chip built on the OpenTitan secure silicon design, visit zerorisc.com/OT-interest .

WISeKey Celebrates its 25th Anniversary with a Strategic Shift to Web 3.0, Championing a Neutral, Secure, and Decentralized Internet

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星期一, 一月 29, 2024

Pioneering the Web 3.0 Paradigm: From its early days as a trailblazer in identity management and secure digital processes, WISeKey now spearheads the Web 3.0 revolution.

Key Points:

Pioneering the Web 3.0 Paradigm: From its early days as a trailblazer in identity management and secure digital processes, WISeKey now spearheads the Web 3.0 revolution.
From Centralized to Decentralized Internet: The internet's initial structure centered around centralized server ownership for simplicity in network infrastructure.
Web 3.0 disrupts this by diversifying data storage across decentralized networks, aligning with the original vision of the Web to be universally accessible, and unregulated space.
Decentralized Finance (DeFi) Services: Utilizing its expertise in secure digital identities and blockchain, WISeKey is starting to offer secure DeFi services.