The Comovement between Monetary and Fiscal Policy Instruments during the Post-War Period in the U.S.

This paper empirically studies the dynamic relationship between monetary and fiscal policies by analyzing the comovements between the Fed funds rate and the primary deficit/output ratio. Simple economic thinking establishes that a negative correlation between Fed rate and deficit arises whenever the two policy authorities share a common stabilization objective. However, when budget balancing concerns lead to a drastic deficit reduction the Fed may reduce the Fed rate in order to smooth the impact of fiscal policy, which results in a positive correlation between these two policy instruments. The empirical results show (i) a significant negative comovement between Fed rate and deficit and (ii) that deficit and output gap Granger-cause the Fed funds rate during the post-Volcker era, but the opposite is not true.

Influence of the northeastern Atlantic oceano-meteorological variability on the northern hake ("merluccius merluccius"). Analysis of the 1978-2006 period

316 p. : il., graf., map.

Some relationships of meteorological, hydrographic, and biological variables in the Gulf of Panama

ENGLISH: An average of 78 m. of water was vertically displaced by wind-driven upwelling during the dry season (January-April) in Panama Bay at the head of the Gulf of Panama. The standing crop of phytoplankton and its productivity were significantly greater during the months of upwelling than during the rainy season. Equivalent results were found by three different methods used to calculate photosynthesis: direct measurement with radiocarbon; increase of dissolved oxygen in the water column; and decrease of phosphate-phosphorus in the water column. About 90 g. of carbon per square meter of sea surface were fixed by the phytoplankton during each upwelling season (January-April) and about 90 g. of carbon were fixed during each rainy season (May-December) resulting in an annual production of about 180 g. of carbon per square meter of sea surface SPANISH: Un promedio de 78 m. de agua fué desplazado verticalmente por la fuerza de los vientos que ocasionan el fenómeno conocido por afloramiento durante la estación seca (enero a abril) en la Bahía de Panamá, a la cabeza del Golfo de Panamá. La cosecha estable de fitoplancton y su productividad fueron significativamente mayores durante los meses de afloramiento, que durante la estación lluviosa. Se obtuvieron resultados equivalentes por medio de tres diferentes métodos usados para calcular la fotosíntesis: medición directa con radiocarbono, aumento del oxígeno disuelto en la columna de agua, y disminución del fosfato-fósforo en la columna de agua. Por medio del fitoplancton durante cada estación de afloramiento (enero-abril), se fijaron alrededor de 90 g. de carbono por metro cuadrado de la superficie del mar, y durante cada estación lluviosa (mayo-diciembre) se fijaron 90 g. de carbono lo que resulta en una producción anual de aproximadamente 180 g. de carbono por metro cuadrado de la superficie del mar.

Cost effectiveness of a combination of instruments for global warming: a quantitative approach for Spain

Climate change is an important environmental problem and one whose economic implications are many and varied. This paper starts with the presumption that mitigation of greenhouse gases is a necessary policy that has to be designed in a cost effective way. It is well known that market instruments are the best option for cost effectiveness. But the discussion regarding which of the various market instruments should be used, how they may interact and what combinations of policies should be implemented is still open and very lively. In this paper we propose a combination of instruments: the marketable emission permits already in place in Europe for major economic sectors and a CO(2) tax for economic sectors not included in the emissions permit scheme. The study uses an applied general equilibrium model for the Spanish economy to compute the results obtained with the new mix of instruments proposed. As the combination of the market for emission permits and the CO(2) tax admits different possibilities that depend on how the mitigation is distributed among the economic sectors, we concentrate on four possibilities: cost-effective, equalitarian, proportional to emissions, and proportional to output distributions. Other alternatives to the CO(2) tax are also analysed (tax on energy, on oil and on electricity). Our findings suggest that careful, well designed policies are needed as any deviation imposes significant additional costs that increase more than proportionally to the level of emissions reduction targeted by the EU.

FORTH for NOAA/MLML Instruments

This report describes FORTH software written for several instruments used in the NASA-sponsored project to design and build Marine Optical Buoy System (MOBS) and in the NOAA-sponsored project "EOS MODIS Execution: Oceanographic Profiling, Data Acquisition and Management for the Marine Optical Buoy System·'. In the NOAA project MLML and NOAA personnel will participate in quarterly cruises at the MOBS Hawaiian site to validate performance of SeaWiFS and will participate in several extended "process" cruises to provide wide geographic surface truthing investigations similar to those lead by Dennis Clark (NOAA) following the "launch of CZCS in 1979. In the NASA project we are designing and building MOBS, a high resolution spectroradiometer that will operate autonomously in a buoy moored west of Lanai in the Hawaiian Islands. That instrument, the "Marine Optical System" (MOS), will transmit by cellular phone in near real time observations of upwelled radiance and downwelled irradiance from three depths. [PDF contains 90 pages]

Integrated Sensor Systems for Vessels of Opportunity, National Oceanographic Centre, Southampton, UK, October 10-12,2006 : workshop proceedings

The use of self-contained, low-maintenance sensor systems installed on commercial vessels is becoming an important monitoring and scientific tool in many regions around the world. These systems integrate data from meteorological and water quality sensors with GPS data into a data stream that is automatically transferred from ship to shore. To begin linking some of this developing expertise, the Alliance for Coastal Technologies (ACT) and the European Coastal and Ocean Observing Technology (ECOOT) organized a workshop on this topic in Southampton, United Kingdom, October 10-12, 2006. The participants included technology users, technology developers, and shipping representatives. They collaborated to identify sensors currently employed on integrated systems, users of this data, limitations associated with these systems, and ways to overcome these limitations. The group also identified additional technologies that could be employed on future systems and examined whether standard architectures and data protocols for integrated systems should be established. Participants at the workshop defined 17 different parameters currently being measured by integrated systems. They identified that diverse user groups utilize information from these systems from resource management agencies, such as the Environmental Protection Agency (EPA), to local tourism groups and educational organizations. Among the limitations identified were instrument compatibility and interoperability, data quality control and quality assurance, and sensor calibration andlor maintenance frequency. Standardization of these integrated systems was viewed to be both advantageous and disadvantageous; while participants believed that standardization could be beneficial on many levels, they also felt that users may be hesitant to purchase a suite of instruments from a single manufacturer; and that a "plug and play" system including sensors from multiple manufactures may be difficult to achieve. A priority recommendation and conclusion for the general integrated sensor system community was to provide vessel operators with real-time access to relevant data (e.g., ambient temperature and salinity to increase efficiency of water treatment systems and meteorological data for increased vessel safety and operating efficiency) for broader system value. Simplified data displays are also required for education and public outreach/awareness. Other key recommendations were to encourage the use of integrated sensor packages within observing systems such as 100s and EuroGOOS, identify additional customers of sensor system data, and publish results of previous work in peer-reviewed journals to increase agency and scientific awareness and confidence in the technology. Priority recommendations and conclusions for ACT entailed highlighting the value of integrated sensor systems for vessels of opportunity through articles in the popular press, and marine science. [PDF contains 28 pages]

Meteorological Buoy Sensor Workshop, Solomons, Maryland, April 19-21, 2006: workshop proceedings

The co-organized Alliance for Coastal Technologies (ACT) and National Data Buoy Center (NDBC) Workshop "Meteorological Buoy Sensors Workshop" convened in Solomons, Maryland, April 19 to 21,2006, sponsored by the University of Maryland Center for Environmental Science (UMCES) Chesapeake Bay Laboratory (CBL), an ACT partner institution. Participants from various sectors including resource managers and industry representatives collaborated to focus on technologies and sensors that measure the near surface variables of wind speed and direction, barometric pressure, humidity and air temperature. The vendor list was accordingly targeted at companies that produced these types of sensors. The managers represented a cross section of federal, regional and academic marine observing interests from around the country. Workshop discussions focused on the challenges associated with making marine meteorological observations in general and problems that were specific to a particular variable. Discussions also explored methods to mitigate these challenges through the adoption of best practices, improved technologies and increased standardization. Some of the key workshop outcomes and recommendations included: 0cean.US should establish a committee devoted to observations. The committee would have a key role in developing observing standards. The community should adopt the target cost, reliability and performance standards drafted for a typical meteorological package to be used by a regional observing system. A forum should be established to allow users and manufacturers to share best practices for the employment of marine meteorological sensors. The ACT website would host the forum. Federal activities that evaluate meteorological sensors should make their results publicly available. ACT should extend their evaluation process to include meteorological sensors. A follow on workshop should be conducted that covers the observing of meteorological variables not addressed by this workshop. (pdf contains 18 pages)

Aspects of quality control of wind profiler measurements in complex topography

It is well known in the scientific community that some remote sensing instruments assume that sample volumes present homogeneous conditions within a defined meteorological profile. At complex topographic sites and under extreme meteorological conditions, this assumption may be fallible depending on the site, and it is more likely to fail in the lower layers of the atmosphere. This piece of work tests the homogeneity of the wind field over a boundary layer wind profiler radar located in complex terrain on the coast under different meteorological conditions. The results reveal the qualitative importance of being aware of deviations in this homogeneity assumption and evaluate its effect on the final product. Patterns of behavior in data have been identified in order to simplify the analysis of the complex signal registered. The quality information obtained from the homogeneity study under different meteorological conditions provides useful indicators for the best alternatives the system can offer to build wind profiles. Finally, the results are also to be considered in order to integrate them in a quality algorithm implemented at the product level.

Oceanographic and meteorological observations for project Little Window: March 1970

ENGLISH: Project Little Window was planned to provide some answers to the important scientific question of whether or not the HRIR (high resolution infrared radiometer) sensors aboard NASA and NOAA satellites can provide useful data for much of the oceanographic community. The sensors aboard these satellites were designed in response to the initial needs of meteorologists for temperature measurements integrated over a distance of 5-10 nautical miles and extending over a range from 30°C to about -75°C (i2-4°C). To this end the sensors have been a very powerful tool to the meteorologist in preparing daily weather advisories and in carrying out research. SPANISH: El proyecto Little Window fue planeado para suministrar algunas respuestas al importante tema científico sobre si los captadores (ltsensors") infrarrojos de alta resoluci6n (IRAR) a bordo de los satélites NASA y NOAA, pueden o no proveer datos útiles para la mayor1a de los oceanógrafos. Los captadores a bordo de estos satélites fueron concebidos en respuesta a las necesidades iniciales de los meteor6logos para obtener mediciones de temperatura integradas sobre una distancia de 5-10 millas náuticas, y entre 30°c y aproximadamente -75°C (~2-4°C). Con este fin los captadores han sido un instrumento poderoso para el meteor6logo en la preparaci6n de las informaciones diarias de tiempo y en la realizaci6n de las investigaciones. (PDF contains 171 pages.)