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Stochastic Processes; Fluctuation Phenomena; Classical Statistical Mechanics; Oscillator; Brownian Motion; Stochastic Resonance; Multiplicative Noise
Statistical mechanics. --- Stochastic differential equations. --- Oscillations. --- Noise. --- Sound --- Silence --- Cycles --- Fluctuations (Physics) --- Vibration --- Differential equations --- Fokker-Planck equation --- Mechanics --- Mechanics, Analytic --- Quantum statistics --- Statistical physics --- Thermodynamics
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This paper studies the changes in world business cycles during 1960-2003. We employ a Bayesian dynamic latent factor model to estimate common and country-specific components in the main macroeconomic aggregates of the Group of Seven (G-7) countries. We then quantify the relative importance of these components in explaining comovement in each observable aggregate over three distinct time periods: the Bretton Woods (BW) period (1960-72), the period of common shocks (1972-86), and the globalization period (1986-2003). The results indicate that the common (G-7) factor explains a larger fraction of output, consumption, and investment volatility in the globalization period than in the BW period. These findings suggest that the degree of comovement of business cycles in major macroeconomic aggregates across the G-7 countries has increased during the globalization period.
Business cycles -- Econometric models. --- Electronic books. -- local. --- Globalization -- Econometric models. --- Econometrics --- Macroeconomics --- Globalization --- Business Fluctuations --- Cycles --- International Policy Coordination and Transmission --- Open Economy Macroeconomics --- Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) --- Globalization: General --- Macroeconomics: Consumption --- Saving --- Wealth --- Classification Methods --- Cluster Analysis --- Principal Components --- Factor Models --- Time-Series Models --- Dynamic Quantile Regressions --- Dynamic Treatment Effect Models --- Diffusion Processes --- Economic growth --- Econometrics & economic statistics --- Business cycles --- Consumption --- Factor models --- Vector autoregression --- National accounts --- Econometric analysis --- Economics --- Econometric models --- United States
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This book is the first comprehensive assessment of the legal duties of states with regard to human induced climate change damage. By discussing the current state of climate science in the context of binding international law, it convincingly argues that compensation for such damage could indeed be recoverable. The author analyses legal duties requiring states to prevent climate change damage, and discusses to what extent a breach of these duties will give rise to state responsibility (international liability). The analysis includes the UN Framework Convention on Climate Change and the Kyoto Protocol, but also various nature/ biodiversity protection and law of the sea instruments, as well as the no-harm-rule as a key provision of customary international law. The challenge in applying the different aspects of the law on state responsibility, including causation and standard of proof, are discussed in three case studies, and the questions raised by multiple polluters explored in depth. Against this background, the author advocates an internationally negotiated solution to the issue of climate change damage.
Environmental law --- International law --- Climatic changes --- Environmental aspects. --- Research --- Law and legislation. --- Climatic changes - Research - Law and legislation. --- Climatic changes - Environmental aspects. --- Climatic changes. --- Changes, Climatic --- Changes in climate --- Climate change --- Climate change science --- Climate changes --- Climate variations --- Climatic change --- Climatic fluctuations --- Climatic variations --- Global climate changes --- Global climatic changes --- Climatology --- Climate change mitigation --- Global environmental change --- Teleconnections (Climatology) --- Environmental aspects
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Climatic changes --- Climate and civilization --- Social aspects --- History --- Civilization and climate --- Civilization --- Climatology --- Changes, Climatic --- Climate change --- Climate changes --- Climate variations --- Climatic change --- Climatic fluctuations --- Climatic variations --- Global climate changes --- Global climatic changes --- Climate change mitigation --- Teleconnections (Climatology) --- Environmental aspects --- Changes in climate --- Climate change science --- Global environmental change --- Climatic changes - Social aspects - Europe - History - Congresses. --- Climate and civilization - Europe - Congresses.
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Accurate monitoring and prediction of agricultural droughts helps manage them, minimize losses attributed to them, and mitigate their extreme forms, which some countries face even today. This book presents the basic concepts of agricultural drought, various remote sensing techniques used to monitor them, and efforts by international organisations to check them.
Droughts. --- Drought forecasting. --- Climatic changes. --- Meteorology, Agricultural --- Changes, Climatic --- Changes in climate --- Climate change --- Climate change science --- Climate changes --- Climate variations --- Climatic change --- Climatic changes --- Climatic fluctuations --- Climatic variations --- Global climate changes --- Global climatic changes --- Climatology --- Climate change mitigation --- Teleconnections (Climatology) --- Droughts --- Forecasting, Drought --- Weather forecasting --- Drought --- Drouth --- Drouths --- Weather --- Agricultural meteorology --- Agrometeorology --- Plant biometeorology --- Bioclimatology --- Remote sensing. --- Environmental aspects --- Forecasting --- Global environmental change
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This new book explains why the international community has responded with a sense of fatalistic passivity to climate change. It presents a distinct critique of realism through the study of this topic, commonly overlooked in international relations. The author argues that the realist view rests on a dangerous contradiction; far from delivering security it serves to limit the way we think about the new generation of risks we face. The book also provides a detailed case study evaluating US climate politics under the Clinton and Bush administrations.
Climatic changes --- Environmental policy --- Global environmental change --- Environmental change, Global --- Global change, Environmental --- Global environmental changes --- Change --- Ecology --- Changes, Climatic --- Changes in climate --- Climate change --- Climate change science --- Climate changes --- Climate variations --- Climatic change --- Climatic fluctuations --- Climatic variations --- Global climate changes --- Global climatic changes --- Climatology --- Climate change mitigation --- Teleconnections (Climatology) --- Environmental aspects. --- International cooperation. --- Environmental aspects
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At the beginning of the twenty-first century, no environmental issue is of such truly global magnitude as the issue of climate change. The poorer, developing countries are the least equipped to adapt to the potential effects of climate change, although most of them have played an insignificant role in causing it. African countries are amongst the poorest of the developing countries. This book presents the issues of most relevance to Africa, such as past and present climate, desertification, biomass burning and its implications for atmospheric chemistry and climate, energy generation, sea-level rise, ENSO-induced drought and flood, adaptation, disaster risk reduction, the UNFCCC and Kyoto Protocol (especially the Clean Development Mechanism), capacity-building, and sustainable development. It provides a comprehensive and up-to-date review of these and many other issues, with chapters by the leading experts from a range of disciplines. Climate Change and Africa will prove to be an invaluable reference for all researchers and policy makers with an interest in climate change and Africa.
Climatic changes --- Climatology. --- Climate --- Climate science --- Climate sciences --- Science of climate --- Atmospheric science --- Changes, Climatic --- Changes in climate --- Climate change --- Climate change science --- Climate changes --- Climate variations --- Climatic change --- Climatic fluctuations --- Climatic variations --- Global climate changes --- Global climatic changes --- Climatology --- Climate change mitigation --- Teleconnections (Climatology) --- Environmental aspects --- Global environmental change --- Environmental Sciences --- Atmospheric Science
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Economic volatility has come into its own after being treated for decades as a secondary phenomenon in the business cycle literature. This evolution has been driven by the recognition that non-linearities, long buried by the economist's penchant for linearity, magnify the negative effects of volatility on long-run growth and inequality, especially in poor countries. This collection organizes empirical and policy results for economists and development policy practitioners into four parts: basic features, including the impact of volatility on growth and poverty; commodity price volatility; the financial sector's dual role as an absorber and amplifier of shocks; and the management and prevention of macroeconomic crises. The latter section includes a cross-country study, case studies on Argentina and Russia, and lessons from the debt default episodes of the 1980s and 1990s.
Business cycles. --- Financial crises. --- Economic development. --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Crashes, Financial --- Crises, Financial --- Financial crashes --- Financial panics --- Panics (Finance) --- Stock exchange crashes --- Stock market panics --- Crises --- Economic cycles --- Economic fluctuations --- Cycles --- Business, Economy and Management
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Using unobserved stochastic components and Kalman filter techniques, the paper assesses the relative importance of transitory and permanent shifts in Italian real GDP within a production function framework. Evidence suggests that the increase in hours worked that has accompanied pension and labor market reforms accounts for the bulk of low-frequency variation in growth, but points to factor utilization as the main driver of business cycle fluctuations. In contrast with the predictions of standard Real Business Cycle models, a positive shock to the underlying rate of total factor productivity growth generates a slight decline in hours, whereas the response of output to the same shock is found to be positive.
Business cycles -- Econometric models. --- Electronic books. -- local. --- Gross domestic product -- Italy. --- Italy -- Economic conditions. --- Macroeconomics --- Production and Operations Management --- Macroeconomics: Production --- Production --- Cost --- Capital and Total Factor Productivity --- Capacity --- Labor Economics: General --- Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) --- Labour --- income economics --- Economic growth --- Total factor productivity --- Productivity --- Labor --- Business cycles --- Capacity utilization --- Industrial productivity --- Labor economics --- Industrial capacity --- Italy
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