Interests prices and the Barosky - Summers resolution of the Gibson paradox under the gold standard

This paper presents a structural monetary úamework featunng a demand function for non-monetary uses of gold, such as the one drawn by Barsky and Summers in their 1988 analy8ÚI of the Gibson Paradox as a natural concomitant of the gold standard period. That structural model predicts that the laws of behavior of nominal prices and interest rates are functions of the rules set by the government to command the money supply. !ta fiduciary vemon obtaina Fisherian relationships &8 particular cases. !ta gold atandard 801ution yields a modelsimilar to the Barsky and Summers model, in which interest rates are exogeneous and subject to shocb. This paper integrates governnment bonds into the analysis, treats interest rates endogenously, and ahifts the responsibility for the shocb to the government budgetary financing policies. The Gibson paradox appears as "practically" the only cl&18 of behavioral pattern open for interest rates and price movements under apure gold standard economy. Fisherian-like relationshipe are utterly ruled out.

Aggregate vs disaggregate data analysis: a paradox in the estimation of money demand function of Japan under the low interest rate policy

We investigate the issue of whether there was a stable money demand function for Japan in 1990's using both aggregate and disaggregate time series data. The aggregate data appears to support the contention that there was no stable money demand function. The disaggregate data shows that there was a stable money demand function. Neither was there any indication of the presence of liquidity trapo Possible sources of discrepancy are explored and the diametrically opposite results between the aggregate and disaggregate analysis are attributed to the neglected heterogeneity among micro units. We also conduct simulation analysis to show that when heterogeneity among micro units is present. The prediction of aggregate outcomes, using aggregate data is less accurate than the prediction based on micro equations. Moreover. policy evaluation based on aggregate data can be grossly misleading.

Absence of Klein's paradox for massive bosons coupled by nonminimal vector interactions

Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)

Genetic structure in a tropical lek-breeding bird, the blue manakin (Chiroxiphia caudata) in the Brazilian Atlantic Forest

Determining the genetic structure of tropical bird populations is important for assessing potential genetic effects of future habitat fragmentation and for testing hypotheses about evolutionary mechanisms promoting diversification. Here we used 10 microsatellite DNA loci to describe levels of genetic differentiation for five populations of the lek-mating blue manakin (Chiroxiphia caudata), sampled along a 414-km transect within the largest remaining continuous tract of the highly endangered Atlantic Forest habitat in southeast Brazil. We found small but significant levels of differentiation between most populations. F-ST values varied from 0.0 to 0.023 (overall F-ST = 0.012) that conformed to a strong isolation by distance relationship, suggesting that observed levels of differentiation are a result of migration-drift equilibrium. N(e)m values estimated using a coalescent-based method were small (<= 2 migrants per generation) and close to the minimum level required to maintain genetic similarity between populations. An implication of these results is that if future habitat fragmentation reduces dispersal between populations to even a small extent, then individual populations may undergo a loss of genetic diversity due to an increase in the relative importance of drift, since inbreeding effective population sizes are relatively small (N-e similar to 1000). Our findings also demonstrate that population structuring can occur in a tropical bird in continuous habitat in the absence of geographical barriers possibly due to behavioural features of the species.

LEK BEHAVIOR of THE PLOVERCREST (STEPHANOXIS LALANDI, TROCHILIDAE)

Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq)

Lek phenology of the White-bearded Manakin (Manacus manacus, Aves: Passeriformes: Pipridae) in a subtropical region

Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq)

Relativistic Archimedes law for fast moving bodies and the general-relativistic resolution of the submarine paradox

We investigate and solve in the context of general relativity the apparent paradox which appears when bodies floating in a background fluid are set in relativistic motion. Suppose some macroscopic body, say, a submarine designed to lie just in equilibrium when it rests (totally) immersed in a certain background fluid. The puzzle arises when different observers are asked to describe what is expected to happen when the submarine is given some high velocity parallel to the direction of the fluid surface. on the one hand, according to observers at rest with the fluid, the submarine would contract and, thus, sink as a consequence of the density increase. on the other hand, mariners at rest with the submarine using an analogous reasoning for the fluid elements would reach the opposite conclusion. The general relativistic extension of the Archimedes law for moving bodies shows that the submarine sinks. As an extra bonus, this problem suggests a new gedankenexperiment for the generalized second law of thermodynamics.

The dawn lek of the Swallow-tailed Hummingbird

We studied the lek behavior of the Swallow-tailed Hummingbird (Eupetomena macroura) in an urbanized area in S (a) over tildeo Paulo state, Southeastern Brazil. During the 22-month study we identified a total of 26 lekking territories in one lek that covered an area of approximately 12 ha. The lek was active throughout the year; the number of singing males per morning ranged from 6-15. The abandonment of territories and the establishment of new ones caused continuous rearrangement of lek boundaries. Lekking territories had a mean size of 217 m(2) and were separated from each other by 24-120 m. on average, males started singing 27 min before sunrise and kept singing for 17 min. At the end of this period and after a few minutes of silent perching, they abandoned their lekking territories until the next morning. During the singing period. males spent 72-100% of the time inside their territories. The lek behavior of E. macroura is unusual compared to other lekking hummingbirds because of the short daily period of lekking, restricted to just before Sunrise. Since males and females of E. macroura possibly defend feeding territories throughout the rest of the day, the short lekking period may represent a tradeoff between two different time budget pressures from lekking and feeding activities.

The use of auxiliary courts by the lek-forming White-bearded Manakin Manacus manacus (Aves, Pipridae)

Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP)

Absence of Klein's paradox for massive spinless bosons coupled by a nonminimal vector interaction

A few properties of the nonminimal vector interaction in the Duffin-Kemmer-Petiau theory in the scalar sector are revised. In particular, it is shown that the nonminimal vector interaction has been erroneously applied to the description of elastic meson-nucleus scatterings and that the space component of the nonminimal vector interaction plays a peremptory role for the confinement of bosons whereas its time component contributes to the leakage. Scattering in a square step potential is used to show that Klein's paradox does not manifest in the case of a nonminimal vector coupling. Copyright © owned by the author(s) under the terms of the Creative Commons Attribution- NonCommercial-ShareAlike Licence.