This paper studies the effects the implementation of an inflation targeting (IT) regime has on the dynamics of inflation in Mexico. We contextualize the need for a regime change and study whether the implementation of this regime has made a considerable change in the dynamics of inflation in Mexico. Consumer prices are modelled using a markup model. The markup model suggests a long run relation...

today climate change is one of the most important human concerns this fact affected human life in different ways .  one of the most important impacts of climate change is on crops yield so that change in temperature  regime  particularly maximum and minimum  temperatures  is noticeably change plants production . in this research , is considered to  impact of climate change on water requirement ...

Regime shifts are generally defined as the point of 'abrupt' change in the state of a system. However, a seemingly abrupt transition can be the product of a system reorganization that has been ongoing much longer than is evident in statistical analysis of a single component of the system. Using both univariate and multivariate statistical methods, we tested a long-term high-resolution paleoecol...

Seasonal cycles of temperature, water regime and day length act as “Zeitgeber” (timer) triggering stage transitions in the life cycle of organisms provoking temporal patterns of communities at different levels of organization. Climate change is both affecting temperature forcings and water regime. Mathematical models are set up to investigate the mechanisms for the change of temporal patterns i...

Regime switching models can match the tendency of financial markets to often change their behavior abruptly and the phenomenon that the new behavior of financial variables often persists for several periods after such a change. While the regimes identified by regime switching models are identified by an econometric procedure, they often intuitively match different periods in regulation, policy,...

We assess the quantitative importance of expectation effects of regime shifts in monetary policy in a DSGE model that allows the monetary policy rule to switch between a “bad” regime and a ”good” regime. When agents take into account such regime shifts in forming expectations, the expectation effect is asymmetric. In the good regime, the expectation effect is small despite agents’ disbelief tha...