On the impact of exchange rate regimes on tourism

The main objective of this paper is to analyze the effect of the exchange rate arrangements on international tourism. The ambiguity of literature about the effect of exchange rate volatility contrasts with the magnitude of the impact of a common currency on trade. On the basis of a gravity equation we estimate a moderate effect of a currency union on tourism of almost 12%. Furthermore, we estimate a gravity equation for international trade, obtaining that the common currency effect on trade is reduced when tourism is introduced as a regressor. This suggests that tourism flows may contribute to explain the excessive magnitude of the estimated effect of a common currency on trade in this literature. Finally, we analyze the impact of several de facto exchange rate arrangements on tourism, finding that less flexible exchange rates promotes tourism flows.Tourism, Exchange Rate Regime, Common Currency

Revisiting Rose's common currency debate

The main objective of this research is to revisit the estimation of the effect of a common currency on international trade by applying the new methodology proposed by Helpman, Melitz and Rubistein (2008) and incorporating tourism to the theoretical framework. Rose (2000) estimates an empirical model of bilateral trade, finding a significant coefficient for a currency union variable of 1.2, suggesting an effect of currency unions on trade of over a 200%. Rose (2000)’s finding did not receive full acceptance and further research was consequently devoted to find reasons of such high effect. This still remains as a major puzzle in the International Economics. Rose and Van Wincoop (2001) hold that there may still be some omitted factors that drives countries to both participate in currency unions and trade more. In this research a gravity equation for trade is estimated controlling by international tourism.Common currency, tourism, gravity equation

Fiscal data revisions in Europe

Public deficit figures are subject to revisions, as most macroeconomic aggregates are. Nevertheless, in the case of Europe, the latter could be particularly worrisome given the role of fiscal data in the functioning of EU’s multilateral surveillance rules. Adherence to such rules is judged upon initial releases of data, in the framework of the so-called Excessive Deficit Procedure (EDP) Notifications. In addition, the lack of reliability of fiscal data may hinder the credibility of fiscal consolidation plans. In this paper we document the empirical properties of revisions to annual government deficit figures in Europe by exploiting the information contained in a pool of real-time vintages of data pertaining to fifteen EU countries over the period 1995-2008. We build up such real-time dataset from official publications. Our main findings are as follows: (i) preliminary deficit data releases are biased and non-efficient predictors of subsequent releases, with later vintages of data tending to show larger deficits on average; (ii) such systematic bias in deficit revisions is a general feature of the sample, and cannot solely be attributed to the behaviour of a small number of countries, even though the Greek case is clearly an outlier; (iii) Methodological improvements and clarifications stemming from Eurostat’s decisions that may lead to data revisions explain a significant share of the bias, providing some evidence of window dressing on the side of individual countries; (iv) expected real GDP growth, political cycles and the strength of fiscal rules also contribute to explain revision patterns; (v) nevertheless, if the systematic bias is excluded, revisions can be considered rational after two years. JEL Classification: E01, E21, E24, E31, E5, H600data revisions, fiscal statistics, news and noise, Rationality, real-time data

Estudi de tècniques immunològiques a través de “Podcasts” elaborats pels estudiants

Projecte: 2013-PID-UB/10La realització de “podcasts” o sessions formatives audiovisuals per part d’estudiants de postgrau permet treballar diferents competències transversals, entre elles habilitats comunicatives útils per al desenvolupament del seu futur exercici professional (2013-PID-UB/10). Els estudiants han elaborat un guió que posteriorment han convertit en “podcast”. Cada estudiant ha valorat els “podcasts” dels companys i el seu propi mitjançant una rúbrica dissenyada amb aquest objectiu.Programa de Millora i innovació docent,PMID: 2013-PID-UB/1

Foraminiferal morphogroups in dysoxic shelf deposits from the Jurassic of Spitsbergen

Analysis of benthic foraminiferal assemblages was performed in Bathonian to Kimmeridgian deposits through a section covering the lower half of the Agardhfjellet Formation in central Spitsbergen. The section consists mainly of organic-rich shales, which contain low-diversity agglutinated assemblages. In this foraminiferal succession five morphogroups were differentiated according to shell architecture (general shape, mode of coiling and number of chambers), integrated with the supposed microhabitat (epifaunal, shallow infaunal and deep infaunal) and feeding strategy (suspension-feeder, herbivore, bacterivore, etc.). The environmental evolution of the analysed section is interpreted by using the stratigraphic distribution of morphogroups, combined with species diversities and sedimentary data, in a sequence stratigraphic framework. The section comprises two depositional sequences, which demonstrate that species diversity and relative frequency of morphogroups are correlative with transgressive–regressive trends controlling depth and oxygenation of the water column. In both sequences, the maximum flooding interval is characterized by increased organic carbon content, dominance of the epifaunal morphogroups and reduced species diversity: features reflecting the increased degree of stagnation separating the transgressive phase from the regressive phase.The participation of J. Nagy in this research has been supported by the Statoil/Hydro VISTA programme. The contribution of M. Reolid and F.J. Rodríguez-Tovar has been supported by the projects CGL2005-06636-C0201 and CGL2005-0316/BTE, the EMMI group (RNM-178, Junta de Andalucía) and the Acción Integrada 30.AI.PO.1300 (University of Granada–University of Oslo). A grant of the Universidad de Jaén financed M. Reolid’s short stay at the University of Oslo

Regímenes cambiarios de iure y de facto. El caso de la peseta/dólar, 1965-1998

En este trabajo se aplican tres procedimientos estadísticos alternativos al tipo de cambio peseta/dólar norteamericano, con el objetivo de conocer el verdadero régimen cambiario al que estuvo sujeto durante el período 1965-1998. El estudio toma la perspectiva que señala la divergencia entre regímenes cambiario de facto y de iure. Los resultados indican que la peseta, al igual que otras monedas, no exhibió el régimen flotante que de iure tenía en relación al dólar durante las tres últimas décadas de su existencia. Por el contrario, el tipo de cambio peseta/dólar se movió dentro de un corredor más bien estrecho en dichos años.In this paper we apply three different statistical procedures to the peseta/dollar exchange rate with the aim of discovering the true foreign exchange regime followed by the monetary authorities during the 1965-1998 period. The study´s perspective emphasizes the divergence between de jure and de facto exchange regimes. The results seem to imply that the peseta, as well as other currencies, did not exhibit the floating regime that de jure had in relation to the US dollar in the last three decades of its existence. On the contrary, the peseta/dollar exchange rate moved within rather narrow fluctuation bands during those years.Apoyo financiero del Ministerio de Educación y Ciencia (Plan Nacional I+D: SEJ-2005 09094/ECON)Publicad

Reproducible science: What, why, how

Most scientific papers are not reproducible: it is really hard, if not impossible, to understand how results are derived from data, and being able to regenerate them in the future (even by the same researchers). However, traceability and reproducibility of results are indispensable elements of highquality science, and an increasing requirement of many journals and funding sources. Reproducible studies include code able to regenerate results from the original data. This practice not only provides a perfect record of the whole analysis but also reduces the probability of errors and facilitates code reuse, thus accelerating scientific progress. But doing reproducible science also brings many benefits to the individual researcher, including saving time and effort, improved collaborations, and higher quality and impact of final publications. In this article we introduce reproducible science, why it is important, and how we can improve the reproducibility of our work. We introduce principles and tools for data management, analysis, version control, and software management that help us achieve reproducible workflows in the context of ecology.Peer Reviewe

Ecoinformática: Nuevo grupo de trabajo de la asociación Española de ecología terrestre

Peer Reviewe

Documenting models and workflows: the next challenge in the field of ecological data management

Los modelos ecológicos se han convertido en una pieza clave de esta ciencia. La generación de conocimiento se consigue en buena medida mediante procesos analíticos más o menos complejos aplicados sobre conjuntos de datos diversos. Pero buena parte del conocimiento necesario para diseñar e implementar esos modelos no está accesible a la comunidad científica. Proponemos la creación de herramientas informáticas para documentar, almacenar y ejecutar modelos ecológicos y flujos de trabajo. Estas herramientas (repositorios de modelos) están siendo desarrolladas por otras disciplinas como la biología molecular o las ciencias de la Tierra. Presentamos un repositorio de modelos (ModeleR) desarrollado en el contexto del Observatorio de seguimiento del cambio global de Sierra Nevada (Granada-Almería). Creemos que los repositorios de modelos fomentarán la cooperación entre científicos, mejorando la creación de conocimiento relevante que podría ser transferido a los tomadores de decisiones.Ecological models have become a key part of this scientific discipline. Most of the knowledge created by ecologists is obtained by applying analytical processes to primary data. But most of the information underlying how to create models or use analytic techniques already published in the scientific literature is not readily available to scientists. We are proposing the creation of computer tools that help to document, store and execute ecological models and scientific workflows. These tools (called model repositories) are being developed by other disciplines such as molecular biology and earth science. We are presenting a model repository (called ModeleR) that has been developed in the context of the Sierra Nevada Global Change Observatory (Granada-Almería. Spain). We believe that model repositories will foster cooperation among scientists, enhancing the creation of relevant knowledge that could be transferred to environmental managers.El desarrollo de ModeleR ha sido financiado por la Consejería de Medio Ambiente y Ordenación del Territorio de la Junta de Andalucía a través de la Red de Información Ambiental (REDIAM), gracias a un convenio llamado “Diseño y creación de un repositorio de modelos para la red de información ambiental de Andalucía”. A.J. Pérez-Luque agradece al MICINN por el contrato PTA 2011-6322-I

Lower/Middle Ordovician (Arenigian) shallow-marine trace fossils of the Pochico Formation, southern Spain: palaeoenvironmental and palaeogeographic implications at the Gondwanan and peri-Gondwanan realm

Nineteen ichnospecies belonging to thirteen ichnogenera (Archaeonassa, Catenichnus, Cochlichnus, Cruziana, Didymaulichnus, ?Diplichnites, Gordia, Lingulichnus, Lockeia, cf. Monocraterion, Planolites, Ptychoplasma, and Rusophycus) occur in the Pochico Formation (Arenigian) in the Aldeaquemada section, Sierra Morena, southern Spain, just above the Armorican Quartzite. They belong to the archetypal Cruziana ichnofacies, indicating a lower shoreface-upper offshore zone. The low degree of sediment reworking may be due to a high rate of sedimentation. The trace fossil assemblage, rich in large Cruziana, is typical of the Armorican Quartzite that developed on the margins of Gondwana and peri-Gondwanan microcontinents. The distribution of ichnofauna during the Early Ordovician was partly palaeogeographically controlled, although ichnological data from the literature point to paths of migration between Gondwana, Baltica and Laurentia. Differences between the ichnofauna of Gondwana and Baltica could be conditioned by facies (clastics in Gondwana and carbonates in Baltica) causing a taphonomic filter, because Cruziana requires diversified clastic deposits for preservation. The ichnofauna would also be influenced by trophic group amensalism between filter feeding and deposit feeding fauna, the former prevailing in Baltica and the latter in Gondwana.Se presenta el análisis sedimentológico/icnológico de los materiales de la Formación Pochico (Arenigian) de la sección de Aldeaquemada, Sierra Morena, Sur de España, provincia de Jaén, justo por encima la Cuarcita Armoricana. Se han reconocido diecinueve icnoespecies pertenecientes a trece icnogéneros (Archaeonassa, Catenichnus, Cochlichnus, Cruziana, Didymaulichnus, ?Diplichnites, Gordia, Lingulichnus, Lockeia, cf. Monocraterion, Planolites, Ptychoplasma, y Rusophycus). Las características icnológicas junto con los rasgos sedimentológicos permiten asignarlas a las icnofacies arquetípicas de Cruziana, comunes de las zonas de shoreface inferior a offshore superior. El grado de bioturbación relativamente bajo puede estar relacionado con una alta tasa de depósito. La asociación registrada, dominada por grandes Cruziana, es típica de la Cuarcita Armoricana desarrollada en los márgenes de Gondwana y peri-Gondwana. La distribucción de icnofósiles del Ordovícico temprano posee, en gran medida, un control paleogeográfico, aunque datos icnológicos procedentes de la literatura indican la existencia de migraciones entre Gondwana, Baltica y Laurentia. Las diferencias entre las asociaciones de Gondwana y Báltica pueden estar asociadas a las diferentes facies, con el dominio de materiales clásticos en Gondwana y de carbonatados en Báltica, causando un filtro tafonómico ya que el potencial de conservación de Cruziana es mucho mayor en las facies clásticas heterolíticas. A estos factores habría que añadir las estrategias de alimentación asociadas, diferenciando entre filtradores y aquellos que se alimentan de las partículas existentes en el sedimento, los primeros podrían verse favorecidos en Báltica y los segundos en Gondwana.Research by R.-T. was supported by Projects CGL2008-03007, and CGL2012-33281 (Secretaría de Estado de I+D+I, Spain), Project RNM-3715 and Research Group RNM-178 (Junta de Andalucía)