Estimating regime-switching Taylor rules with trend inflation

This paper estimates regime-switching monetary policy rules featuring trend inflation using post-WWII US data. We find evidence in favour of regime shifts and time-variation of the inflation target. We also find a drop in the inflation gap persistence when entering the Great Moderation sample. Estimated Taylor rule parameters and regimes are robust across different monetary policy models. We propose an ‘internal consistency’ test to discriminate among our estimated rules. Such a test relies upon a feedback mechanism running from the monetary policy stance to the inflation gap. Our results support the stochastic autoregressive process as the most consistent model for trend inflation, above all when conditioning to the post-1985 subsample.active and passive Taylor rules; trend inflation; inflation gap persistence; Markov-switching models

The Composite Twin Higgs scenario

Based on an explicit model, we propose and discuss the generic features of a possible implementation of the Twin Higgs program in the context of composite Higgs models. We find that the Twin Higgs quadratic divergence cancellation argument can be uplifted to a genuine protection of the Higgs potential, based on symmetries and selection rules, but only under certain conditions which are not fulfilled in some of the existing models. We also find that a viable scenario, not plagued by a massless Twin Photon, can be obtained by not gauging the Twin Hypercharge and taking this as the only source of Twin Symmetry breaking at a very high scale.Comment: 19 pages; v2: typos and notation corrected, results unchanged; v3: published versio

Proposal of a Nomenclature for Hydrogeological Instability Risks and Case Studies of Conservative Soil Tillage for Environmental Protection

In order to implement environmental protection, within the Soil Cadastre, previously proposed as a multipurpose inventory that aims to promote sustainable soil uses, the hydrogeological instability caused by human activities is the focus of this work. These activities can be aimed at sustainable agricultural soil use or the building of roads to allow the access to the fields. The soil’s hydrogeological instability causes the unsustainable use and management of a cadastral parcel. Therefore, the aim of this work is to propose a nomenclature for hydrogeological instability risks, as well as the best practices of conservative soil tillage in case studies, in order to reduce environmental impact. According to the proposed Soil Cadastre, the missing environmental sustainability of a parcel and the reason for this must be communicated to the field owner or manager. In a hilly area of inland Western Sicily, four main risk types of hydrogeological instability were identified: hydrogeological instability (caused only by natural factors); hydraulic-pedological-farming instability (crop not suitable for the field for missing or insufficient soil drainage and landslides); hydraulic-infrastructural instability (built up infrastructures unsuitable for the site); hydraulic-infrastructural-pedological-management instability (field improvements changing the downflow line and crop operations not suitable for the soil and climate parameters). The farm owner or manager must be informed about the risk type affecting their fields in order to perform the best practices (i.e., conservative soil tillage), for implementing or restoring a sustainable soil use or management in each cadastral parcel

Diseases Caused by Xylella fastidiosa in Prunus Genus: An Overview of the Research on an Increasingly Widespread Pathogen

Cultivated plants belonging to the genus Prunus are globally widespread and for some countries, are economically important crops; and they play a key role in the composition of a landscape. Xylella fastidiosa is a key threat to plant health, and several Prunus species are heavily stressed by this pathogen, such as almond, peach, and plum; many strain types of different subspecies can cause severe diseases. This review highlights different approaches to managing epidemic events related to X. fastidiosa in stone fruit plants. In fact, in most new European and Asian outbreaks, almond is the main and very common host and peach, plum, apricot, and cherry are widespread and profitable crops for the involved areas. Various diseases associated with stone fruit plants show different degrees of severity in relation to cultivar, although investigations are still limited. The development and selection of tolerant and resistant cultivars and the study of resistance mechanisms activated by the plant against X. fastidiosa infections seem to be the best way to find long-term solutions aimed at making affected areas recover. In addition, observations in orchards severely affected by the disease can be essential for collecting tolerant or resistant materials within the local germplasm. In areas where the bacterium is not yet present, a qualitative-quantitative study on entomofauna is also important for the timely identification of potential vectors and for developing effective control strategies