Colombian Purchasing Power Parity Analysed Using a Framework of Multivariate Cointegration

This paper tests for purchasing power parity (PPP)between Colombia and its main trading partners using the Johansen framework of multivariate cointegration. The tests shows that PPP does not hold in the strong sense, but a clear purchasing power relationschip is, nevertheless, shown to exist. The model is, furthermore, shown to have significant forecasting power. It outperforms a random walk in out-of sample forecasting on the 12 and 24 month horizont but not on the 3 and 6-month horizon.

Magneto--Acoustic Energetics Study of the Seismically Active Flare of 15 February 2011

Multi--wavelength studies of energetic solar flares with seismic emissions have revealed interesting common features between them. We studied the first GOES X--class flare of the 24th solar cycle, as detected by the Solar Dynamics Observatory (SDO). For context, seismic activity from this flare (SOL2011-02-15T01:55-X2.2, in NOAA AR 11158) has been reported in the literature (Kosovichev, 2011; Zharkov et al., 2011). Based on Dopplergram data from the Helioseismic and Magnetic Imager (HMI), we applied standard methods of local helioseismology in order to identify the seismic sources in this event. RHESSI hard X-ray data are used to check the correlation between the location of the seismic sources and the particle precipitation sites in during the flare. Using HMI magnetogram data, the temporal profile of fluctuations in the photospheric line-of-sight magnetic field is used to estimate the magnetic field change in the region where the seismic signal was observed. This leads to an estimate of the work done by the Lorentz-force transient on the photosphere of the source region. In this instance this is found to be a significant fraction of the acoustic energy in the attendant seismic emission, suggesting that Lorentz forces can contribute significantly to the generation of sunquakes. However, there are regions in which the signature of the Lorentz-force is much stronger, but from which no significant acoustic emission emanates.Comment: Submitted to Solar Physic

Magnetic field variations and the seismicity of solar active regions

Dynamical changes in the solar corona have proven to be very important in inducing seismic waves into the photosphere. Different mechanisms for their generation have been proposed. In this work, we explore the magnetic field forces as plausible mechanisms to generate sunquakes as proposed by Hudson, Fisher and Welsch. We present a spatial and temporal analysis of the line-of-sight magnetic field variations induced by the seismically active 2003 October 29 and 2005 January 15 solar flares and compare these results with other supporting observations.Comment: 4 pages, 4 figures, letter, Accepted in February by MNRA

Desequilibrios nominales y reales del tipo de cambio en Colombia

La estimación de los desequilibrios nominales y reales del tipo de cambio(TC) en Colombia se construye a partir de dos componentes: el permanenteasociado con una tendencia estocástica (no estacionaria) y el transitoriovinculado con el ciclo (estacionario). La separación entre lo permanente ylo transitorio se realiza a partir de las relaciones de largo plazo entre el TCnominal (real) y sus determinantes fundamentales. El nivel de equilibrio dela TC nominal (real) se obtiene como el componente permanente, según lametodología de common trends", aplicada a la TC nominal y a susdeterminantes fundamentales, mientras que el componente transitorio secalcula por residuo y se asocia al desequilibrio. El ejercicio se lleva a cabopara diferentes frecuencias (anual y trimestral) y períodos de información y se usan variosmodelos de determinación del TC nominal y real."tasa de cambio real, equilibrio de la tasa de cambio real.

A statistical correlation of sunquakes based on their seismic and white-light emission

Several mechanisms have been proposed to explain the transient seismic emission, i.e. “sunquakes,” from some solar flares. Some theories associate high-energy electrons and/or white-light emission with sunquakes. High-energy charged particles and their subsequent heating of the photosphere and/or chromosphere could induce acoustic waves in the solar interior. We carried out a correlative study of solar flares with emission in hard X-rays, enhanced continuum emission at 6173 Å, and transient seismic emission. We selected those flares observed by the Reuven Ramaty High Energy Solar Spectroscopic Imager (RHESSI) with a considerable flux above 50 keV between 1 January 2010 and 26 June 2014. We then used data from the Helioseismic and Magnetic Imager onboard the Solar Dynamic Observatory to search for excess visible-continuum emission and new sunquakes not previously reported. We found a total of 18 sunquakes out of 75 flares investigated. All of the sunquakes were associated with an enhancement of the visible continuum during the flare. Finally, we calculated a coefficient of correlation for a set of dichotomic variables related to these observations. We found a strong correlation between two of the standard helioseismic detection techniques, and between sunquakes and visible-continuum enhancements. We discuss the phenomenological connectivity between these physical quantities and the observational difficulties of detecting seismic signals and excess continuum radiation

Seismic Emissions from a Highly Impulsive M6.7 Solar Flare

On 10 March 2001 the active region NOAA 9368 produced an unusually impulsive solar flare in close proximity to the solar limb. This flare has previously been studied in great detail, with observations classifying it as a type 1 white-light flare with a very hard spectrum in hard X-rays. The flare was also associated with a type II radio burst and coronal mass ejection. The flare emission characteristics appeared to closely correspond with previous instances of seismic emission from acoustically active flares. Using standard local helioseismic methods, we identified the seismic signatures produced by the flare that, to date, is the least energetic (in soft X-rays) of the flares known to have generated a detectable acoustic transient. Holographic analysis of the flare shows a compact acoustic source strongly correlated with the impulsive hard X-ray, visible continuum, and radio emission. Time-distance diagrams of the seismic waves emanating from the flare region also show faint signatures, mainly in the eastern sector of the active region. The strong spatial coincidence between the seismic source and the impulsive visible continuum emission reinforces the theory that a substantial component of the seismic emission seen is a result of sudden heating of the low photosphere associated with the observed visible continuum emission. Furthermore, the low-altitude magnetic loop structure inferred from potential--field extrapolations in the flaring region suggests that there is a significant inverse correlation between the seismicity of a flare and the height of the magnetic loops that conduct the particle beams from the corona.Comment: 16 pages, 7 figures, Solar Physics Topical Issue: SOHO 19/GONG 2007 "Seismology of Magnetic Activity", Accepte