Context. Using Greenwich sunspot data for 120 years it was recently observed that activity regions on the Sun’s surface tend to lie along smoothly changing longitude strips 180◦apart from each other. After critique of the original paper, the new arguments were found to substantiate the claim. Aims. In this paper we analyse new arguments in some detail. Methods. To check basic arguments about pe...

We analyze a monetary model with flexible labor supply, cash-inadvance constraints, and seigniorageand tax-financed government spending. If the intertemporal elasticity of substitution of labor is greater than one, both determinate and indeterminate steady states exist. If the elasticity is less than one, there is a unique steady state, which can be indeterminate. Only in the latter case do the...

Using Doppler velocity data from the SOI/MDI instrument onboard the SoHO spacecraft, we do time-distance helioseismic inversions for sound-speed perturbations beneath 16 sunspots observed in high-resolution mode. We clearly detect ring-like regions of enhanced sound speed beneath most sunspot penumbrae, extending from near the surface to depths of about 3.5 Mm. Due to their location and depende...

The continuous wavelet transform may be enhanced by deconvolution with the wavelet response function. After correcting for the cone-of-influence, the power spectral density of the solar magnetic record as given by the derectified yearly sunspot number is calculated, revealing a spectrum of odd harmonics of the fundamental Hale cycle, and the integrated instant power is compared to a record of g...

A sunspot equilibrium (SSE) is based on some extrinsic randomizing device (RD). We analyze the robustness of SSE. (1) We say that an SSE allocation is robust to refinements if it is also an SSE allocation based on any refinement of its RD. (2) We introduce two core concepts for analyzing the robustness of SSE in the face of cooperative-coalition formation. In the first, the blocking allocations...

It is well known that in dynamic general equilibrium economic models equilibrium may be indeterminate. Indeterminacy means that there is a continuum of equilibrium trajectories converging to the same steady state. Very often, the same mechanisms that are responsible for indeterminacy, like increasing returns to scale or market imperfections, lead to existence of multiple steady states, and deve...

We address the question whether the properties of the observed latitude-time diagram of sunspot occurence (the butterfly diagram) provide evidence for the operation of a flux-transport dynamo, which explains the migration of the sunspot zones and the period of the solar cycle in terms of a deep equatorward meridional flow. We show that the properties of the butterfly diagram are equally well re...

We investigate the structure of competitive quilibria in an exchange economy parametrized by (i) endowments and (ii) restrictions on market participation. For arbitrary regular endowments, if few consumers are restricted, there are no sunspot equilibria. If endowments are allowed to vary, while restrictions on market participation are fixed, there is a generic set of preferences uch that sunspo...

In this paper, we use a function similar to the Planck function to reproduce the Moscow Neutron Monitor PressureCorrected Values of the time January 1958 to December 1998 and then give the predicted values after the year 1998. This kind of the values is found to be anticorrelated with sunspot numbers at a very high level when the value series has a backward phase shift of 7 months. An attempt t...