By using a flexible linear version of the consumption based asset pricing model, this paper shows the extraordinary capacity of the yield spreads to forecast consumption growth. More precisely, using both averages of yield spreads and average past stock returns, we are able to replicate the Economic Sentiment Indicator elaborated by the European Commission in order to predict turning points in ...

Some studies suggest that fishery yields can be higher with reserves than under conventional management. However, the economic performance of fisheries depends on economic profit, not fish yield. The predictions of higher yields with reserves rely on intensive fishing pressures between reserves; the exorbitant costs of harvesting low-density populations erode profits. We incorporated this effec...

in order to investigate the effect of urea and azocompost on economic yield, nitrogen use efficiency (nue) and radiation use efficiency (rue) of wild majoram, a factorial experiment was conducted based on randomized complete block design with three replications at yazd and mashhad, iran, during 2012-2013 growing season. four urea levels and four azocompost levels (to provide 0, 40, 80 and 120 k...

We study the effectiveness of the ECB’s negative interest rate policy on the yield curve with a new shadow-rate term structure model. Our model captures the discrete nature of the policy rate and a non-constant spread between it and the short end of the government bond yield curve. We price bonds with forward-looking agents, and find all modeling components are crucial to match the yield data a...

Trait-by-trait and multiple trait bioeconomic modeling were used to derive farm-specific economic weights (EW) for a wide range of traits under different production and economic circumstances to define breeding objectives for Holstein dairy cattle in Iran. Production parameters and economic data were gathered on 10 dairy farms from March 2008 to February 2010. The EW (economic values multiplied...

Timothy is grown as a high value forage crop in California. Thrips (Anaphothrips obscurus Müller) have recently been implicated causing damage by increasing the quantity of brown leaves and lowering the value of this crop. Minimal studies have explored the relation of thrips levels to yield and damage in timothy and management options for this pest are extremely limited. We performed studies in...