865 resultados para extended regime-switching GARCH


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A produção de uma planta resulta do desenvolvimento integrado de inúmeros processos fisiológicos que, por sua vez, apresentam considerável individualidade nas interrelações com o meio ambiente. Neste trabalho foi observado o crescimento de plantas de batata (Solanum tuberosum L.), em condições de campo, quando submetidas a três regimes de umidade do solo, individualizados em três estádios fenológicos. O desenvolvimento vegetativo foi avaliado através de estimativas semanais da área foliar. Os resultados mostraram que ao final do primeiro estágio (cerca de 25 dias após a emergência das plantas) o desenvolvimento vegetativo nos tratamentos irrigados quando o potencial matricial da água do solo atingia -0,5 bar, superou, em cerca de 34%, àquele verificado nas plantas submetidas a déficits híbridos moderados (-1,0 bar) e, em aproximadamente 80%, aquelas sujeitas a déficits mais severos (-5,0 bares). Entretanto, a limitação do crescimento no primei 6 ro caso, foi parcialmente recuperada após o restabelecimento de condições mais adequadas de umidade no solo, no estádio intermediário. O mesmo não foi verificado onde ocorreram déficits hídricos mais severos no estádio inicial, quando o crescimento foi quase irreversivelmente reduzido. A intensa desidratação imposta após o completo desenvolvimento vegetativo apressou a senescência das plantas em relação aos tratamentos melhores supridos com água.

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O trabalho foi realizado com o objetivo de determinar a produção de matéria seca na planta pelos cultivares de trigo BH 1146, de porte alto e com tolerância a deficiência hídrica e IAC 24 - Tucuruí, de porte baixo e com média tolerância e deficiência hídrica, sendo ambas de ciclo médio, em duas disponibilidades de água, sequeiro e irrigado. 0 experimento foi conduzido em Latossolo Roxo, distrófico-argiloso, adubado com 20 kg de N e 90 kg de P2O5 por hectare. Para determinação do peso da matéria seca produzida das plantas, foram coletados ao 10 dias de idade, início de perfilhamento; aos 30 dias, elongamento do colmo; aos 50 dias, emborrachamento; aos 70 dias floração, aos 90 dias, grão leitoso; e aos 110 dias, maturação. Os resultados mostram que a irrigação determina mais acúmulo de matéria seca por planta e matéria Seca por área, nas duas cultivares e em todas as idades.

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From the classical gold standard up to the current ERM2 arrangement of the European Union, target zones have been a widely used exchange regime in contemporary history. This paper presents a benchmark model that rationalizes the choice of target zones over the rest of regimes: the fixed rate, the free float and the managed float. It is shown that the monetary authority may gain efficiency by reducing volatility of both the exchange rate and the interest rate at the same time. Furthermore, the model is consistent with some known stylized facts in the empirical literature that previous models were not able to produce, namely, the positive relation between the exchange rate and the interest rate differential, the degree of non-linearity of the function linking the exchage rate to fundamentals and the shape of the exchange rate stochastic distribution.

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Unraveling the effect of selection vs. drift on the evolution of quantitative traits is commonly achieved by one of two methods. Either one contrasts population differentiation estimates for genetic markers and quantitative traits (the Q(st)-F(st) contrast) or multivariate methods are used to study the covariance between sets of traits. In particular, many studies have focused on the genetic variance-covariance matrix (the G matrix). However, both drift and selection can cause changes in G. To understand their joint effects, we recently combined the two methods into a single test (accompanying article by Martin et al.), which we apply here to a network of 16 natural populations of the freshwater snail Galba truncatula. Using this new neutrality test, extended to hierarchical population structures, we studied the multivariate equivalent of the Q(st)-F(st) contrast for several life-history traits of G. truncatula. We found strong evidence of selection acting on multivariate phenotypes. Selection was homogeneous among populations within each habitat and heterogeneous between habitats. We found that the G matrices were relatively stable within each habitat, with proportionality between the among-populations (D) and the within-populations (G) covariance matrices. The effect of habitat heterogeneity is to break this proportionality because of selection for habitat-dependent optima. Individual-based simulations mimicking our empirical system confirmed that these patterns are expected under the selective regime inferred. We show that homogenizing selection can mimic some effect of drift on the G matrix (G and D almost proportional), but that incorporating information from molecular markers (multivariate Q(st)-F(st)) allows disentangling the two effects.

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The breakdown of the Bretton Woods system and the adoption of generalized oating exchange rates ushered in a new era of exchange rate volatility and uncer- tainty. This increased volatility lead economists to search for economic models able to describe observed exchange rate behavior. In the present paper we propose more general STAR transition functions which encompass both threshold nonlinearity and asymmetric e¤ects. Our framework allows for a gradual adjustment from one regime to another, and considers threshold e¤ects by encompassing other existing models, such as TAR models. We apply our methodology to three di¤erent exchange rate data-sets, one for developing countries, and o¢ cial nominal exchange rates, the sec- ond emerging market economies using black market exchange rates and the third for OECD economies.

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The breakdown of the Bretton Woods system and the adoption of generalized oating exchange rates ushered in a new era of exchange rate volatility and uncer- tainty. This increased volatility lead economists to search for economic models able to describe observed exchange rate behavior. The present is a technical Appendix to Cerrato et al. (2009) and presents detailed simulations of the proposed methodology and additional empirical results.

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The paper uses a regional input-output (IO) framework and data derived on waste generation by industry to examine regional accountability for waste generation. In addition to estimating a series of industry output-waste coefficients, the paper considers two methods for waste attribution but focuses first on one (trade endogenised linear attribution system (TELAS)) that permits a greater focus on private and public final consumption as the main exogenous driver of waste generation. Second, the paper uses a domestic technology assumption (DTA) to consider a regional ‘waste footprint’ where local consumption requirements are assumed to be met through domestic production.

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The implications of local currency pricing (LCP) for monetary regime choice are analysed for a country facing foreign monetary shocks. In this analysis expenditure switching is potentially welfare reducing. This contrasts with the existing LCP literature, which focuses on productivity shocks and thus analyses a world where expenditure switching is welfare enhancing. This paper shows that, when home and foreign producers follow LCP, expenditure switching is absent and a floating rate is preferred by the home country. But when only home producers follow LCP, expenditure switching is present and a fixed rate can be welfare enhancing for the home country.

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In this article, we analyze a multilingual interaction in a students' working group and hypothesize a correlation between management of languages in interaction and leadership. We consider Codeswitching as one of the most relevant observables in multilingual interaction and attempt to analyze how it is used by speakers. After a brief presentation of three theoretical and analytical conceptions of Code-switching in interaction (Auer, Mondada & Myers Scotton), we define Code-switching as an interactional, strategical, multilingual resource exploited by speakers to achieve various interactionaland non interactional goals. We then show in two CA-like analysis how multilingual strategical resources occur in the interactional practices of the analyzed working group, and how they are exploited by speakers in order to organize interaction, work, tasks, and to construct one's leadership.We also consider the metadiscourses of the students about their own practices and multilingualism in general, in order to confront them to their actual multilingual practices. We draw the hypothesis that discrepancies observed between metadiscourses and practices can be explained through the development of (meta)discourses showing a unilingual conception in describing multilingual practices.

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In Evans, Guse, and Honkapohja (2008) the intended steady state is locally but not globally stable under adaptive learning, and unstable deflationary paths can arise after large pessimistic shocks to expectations. In the current paper a modified model is presented that includes a locally stable stagnation regime as a possible outcome arising from large expectation shocks. Policy implications are examined. Sufficiently large temporary increases in government spending can dislodge the economy from the stagnation regime and restore the natural stabilizing dynamics. More specific policy proposals are presented and discussed.