Frequency responses of age-structured populations: Pacific salmon as an example

Increasing evidence of the effects of changing climate on physical ocean conditions and long-term changes in fish populations adds to the need to understand the effects of stochastic forcing on marine populations. Cohort resonance is of particular interest because it involves selective sensitivity to specific time scales of environmental variability, including that of mean age of reproduction, and, more importantly, very low frequencies (i.e., trends). We present an age-structured model for two Pacific salmon species with environmental variability in survival rate and in individual growth rate, hence spawning age distribution. We use computed frequency response curves and analysis of the linearized dynamics to obtain two main results. First, the frequency response of the population is affected by the life history stage at which variability affects the population; varying growth rate tends to excite periodic resonance in age structure, while varying survival tends to excite low-frequency fluctuation with more effect on total population size. Second, decreasing adult survival strengthens the cohort resonance effect at all frequencies, a finding that addresses the question of how fishing and climate change will interact.Comment: much revised: the version accepted by Theoretical Population Biolog

Invasion speeds for structured populations in fluctuating environments

We live in a time where climate models predict future increases in environmental variability and biological invasions are becoming increasingly frequent. A key to developing effective responses to biological invasions in increasingly variable environments will be estimates of their rates of spatial spread and the associated uncertainty of these estimates. Using stochastic, stage-structured, integro-difference equation models, we show analytically that invasion speeds are asymptotically normally distributed with a variance that decreases in time. We apply our methods to a simple juvenile-adult model with stochastic variation in reproduction and an illustrative example with published data for the perennial herb, \emph{Calathea ovandensis}. These examples buttressed by additional analysis reveal that increased variability in vital rates simultaneously slow down invasions yet generate greater uncertainty about rates of spatial spread. Moreover, while temporal autocorrelations in vital rates inflate variability in invasion speeds, the effect of these autocorrelations on the average invasion speed can be positive or negative depending on life history traits and how well vital rates ``remember'' the past

Dissipative Deep Neural Dynamical Systems

In this paper, we provide sufficient conditions for dissipativity and local asymptotic stability of discrete-time dynamical systems parametrized by deep neural networks. We leverage the representation of neural networks as pointwise affine maps, thus exposing their local linear operators and making them accessible to classical system analytic and design methods. This allows us to "crack open the black box" of the neural dynamical system's behavior by evaluating their dissipativity, and estimating their stationary points and state-space partitioning. We relate the norms of these local linear operators to the energy stored in the dissipative system with supply rates represented by their aggregate bias terms. Empirically, we analyze the variance in dynamical behavior and eigenvalue spectra of these local linear operators with varying weight factorizations, activation functions, bias terms, and depths.Comment: Under review at IEEE Open Journal of Control System

Stock Market Valuation : the Role of the Macroeconomic Risk Premium

Using annual and quarterly data since 1952, we estimate a fundamentals- based empirical model for the earning-price ratio of US stocks. The key fundamental-variable is a time-varying discount rate, decomposed into a time-varying measure for the real interest rate and the equity risk premium. Applying the Johansen procedure, we implicitly estimate the equity risk premium with cointegration test in an error correction model. This equity risk premium is determined by GDP volatility and price inflation. In a lesser extent, the share of U.S. equities held by institutional investors can explain the risk premium. Demographic variables explain the earning-price ratio but only as a short-run phenomenon. Our results suggest that change in the macroeconomic equity risk premium has driven much of the recent run-up in stock prices.Johansen Procedure, Valuation Ratios, Equity Risk Premium, Present Value Model.