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Monetary policy and stability during six periods in US economic history: 1959–2008: a novel, nonlinear monetary policy rule
(Elsevier Inc., 2012-04-03)
We investigate the monetary policy of the Federal Reserve Board during six periods in US economic history 1959–2008. In particular, we examine the Fed’s response to changes in three guiding variables: inflation, π, ...
The hiatus in global warming and interactions between the El Niño and the Pacific decadal oscillation: Comparing observations and modeling results
Ocean oscillations interact across large regions; these interactions may explain cycles in global temperature anomaly, including hiatus periods. Here, we examine interaction measures and compare results from model simulations ...
Cycles in oceanic teleconnections and global temperature change
Three large ocean currents are represented by proxy time series: the North Atlantic Oscillation (NAO), the Southern Oscillation Index (SOI), and the Pacific Decadal Oscillation (PDO).We here show how proxies for the ...
Carbon dioxide precedes temperature change during short-term pauses in multi-millennial palaeoclimate records
In Antarctica, ice-core temperature has traditionally been regarded as a leading variable to carbon dioxide, CO2 during the last 400,000years before present (B.P.). This finding is in contrast to most reports on global ...
Does employees’ compensation vary with corporate profit?
We find that from about 1965 to 1983 US employees’ compensation, EC, relative to corporate profit, CP, increases in the long run, and from 1984 to 2013 the compensation decreases relative to profit to about half its 1983 ...
Comparing sentiment- and behavioral-based leading indexes for industrial production:When does each fail?
We apply a relatively novel leading–lagging (LL) method to four leading and one lagging indexes for industrial production (IP) in Germany. We obtain three sets of results. First, we show that the sentiment-based ifo index ...