Fiscal considerations and commitment drive the choice of monetary policy regime, especially for developing countries. I survey the fiscal foundations of price determination, and study the maximize-inflation-tax, interest rate rule, peg and currency board, and dollarization regime. Since nominal debt acts like equity for the government, the dollarization question is like the question whether a f...

This study investigates the radiative, cloud, and thermodynamic characteristics of the atmosphere separated into objectively defined cloud regimes in the tropical western Pacific (TWP). A cluster analysis is applied to 2 yr of daytime-only data from the International Satellite Cloud Climatology Project (ISCCP) to identify four major cloud regimes in the TWP region. A variety of data collected a...

This paper addresses the relationship between property regimes and land degradation outcomes, in the context of peasant agriculture. We consider explicitly whether private property provides for superior soil resource conservation, as compared to common property and open access. To assess this we implement optimization algorithms on a supercomputer to address resource decision-making of individu...

Introduction Conclusions References

Andolfatto and Gomme (2003) find evidence that Canadian monetary policy appears to alternate between high and low money growth rate regimes, and that private-sector belief formation over these unobserved regimes could induce significant persistence in the propagation of monetary policy shocks. In this paper, we examine the sensitivity of these conclusions by re-estimating the data allowing for ...

Does military rule make a state more belligerent internationally? Several studies have recently established that military autocracies are more likely than civilian autocracies to deploy and use military force in pursuit of foreign policy objectives. I argue that military regimes are more likely to resort to military force because they are located in more hostile security environments, and not b...

Society is increasingly impacted by natural hazards which cause significant damage 6 in economic and human terms. Many of these natural hazards are weather and 7 climate related. Here we show that North Atlantic atmospheric circulation regimes 8 affect the propensity of extreme wind speeds in Europe. We also show evidence 9 that extreme wind speeds are long-range dependent, follow a Generalised...

Empirical evidences have supported the large heterogeneity in the timing of individuals' activities. Moreover, computational analysis of the agent-based models has shown the importance of the activation regimes. In this paper, we apply four different asynchronous updating schemes including random, uniform, and two state-driven Poisson updating schemes on an agent-based opinion dynamics model. W...