The foraminiferal genera Pararotalia, Neorotalia, and Calcarina: taxonomic revision

Scanning electron microscopy of the architecture of Rotalina inermis Terquem, 1882, the type-species of the genus Pararotalia Le Calvez, 1949, and of Rotalia mexicana Nuttall, 1928, the type-species of the genus Neorotalia Bermudez, 1952, reveals that both taxa have in common: 1) an umbilical bowl closed by either a single or a compound umbilical plug; 2) an interiomarginal extraumbilical aperture, restricted by a toothplate that protrudes with a free edge into the aperture and forms an umbilical spiral canal; and 3) a septal flap and intraseptal interlocular spaces. Rotalia mexicana, however, also possesses an enveloping canal-system, similar to that found in the Calcarinidae. For this reason Neorotalia must be regarded as a valid distinct genus, not synonymous with Pararotalia, as proposed by some authors. Calcarina calcar d'Orbigny, 1839, variously placed by authors in Rotalia Lamarck, 1804, in Pararotalia Le Calvez, 1949, and lately again in Calcarina d'Orbigny, 1826, is shown to possess the same basic architecture as Neorotalia and is placed, consequently, into this latter genus. Irregular supplementary apertures occurring in N. calcar are not considered of generic value and neither are they regarded as indicating a relationship with Nautilus spengleri Gmelin, 1788, the type-species of Calcarina. The latter, although characterized by a complex enveloping canal-system, possesses primary multiple interioareal main apertures, surrounded by thick rims, as well as a small umbilical plate, but lacks a toothplate with a free edge. For comparison, Pararotalia spinigera (Le Calvez, 1949) and Neorotalia viennoti (Greig, 1935) were also studied. The subfamily Pararotaliinae Reiss, 1963, is emended to include the canal-system as a characteristic feature. A glossary of selected terms is appende

The Implementation of Scenarios using DSGE Models

The new generation of dynamic stochastic general equilibrium (DSGE) models seems particularly suited for conducting scenario analysis. These models formalise the behaviour of economic agents on the basis of explicit micro-foundations. As a result, they appear less prone to the Lucas critique than traditional macroeconometric models. DSGE models provide researchers with powerful tools, which allow for the design of a broad range of scenarios and can tackle a large range of issues, while at the same time offering an appealing structural interpretation of the scenario specification and simulation results. This paper provides illustrations of some of the modelling issues that often arise when implementing scenarios using DSGE models in the context of projection exercises or policy analysis. These issues reflect the sensitivity of DSGE model-based analysis to scenario assumptions, which in more traditional models are apparently less critical, such as, for example, scenario event anticipation and duration, as well as treatment of monetary and fiscal policy rules.Business fluctuations, monetary policy, fiscal policy, forecasting and simulation

The public sector pay gap in a selection of Euro area countries

We investigate the public-private wage differentials in ten euro area countries (Austria, Belgium, France, Germany, Greece, Ireland, Italy, Portugal, Slovenia and Spain). To account for differences in employment characteristics between the two sectors, we focus on micro data taken from EU-SILC. The results point to a conditional pay differential in favour of the public sector that is generally higher for women, at the low tail of the wage distribution, in the Education and the Public administration sectors rather than in the Health sector. Notable differences emerge across countries, with Greece, Ireland, Italy, Portugal and Spain exhibiting higher public sector premia than other countries. JEL Classification: J310, J450, O520public/private sector, Wage differentials

A fiscal capacity for the euro area: lessons from existing fiscal-federal systems

Tras la crisis económica y financiera, ha emergido en Europa un amplio consenso sobre la necesidad de reforzar la dimensión fiscal para completar la Unión Económica y Monetaria (UEM). Este documento analiza el papel de las transferencias interregionales en algunas de las principales federaciones fiscales (centrado en Austria, Bélgica, Alemania, España y Estados Unidos), con el objetivo de extraer las conclusiones necesarias para el diseño de un instrumento fiscal para el área del euro. El análisis empírico de compartición de riesgos llevado a cabo en este documento sugiere que una estabilización interregional de los shocks asimétricos es más efectiva cuando está basada en transferencias directas de efectivo a los hogares, tales como las pensiones por desempleo, financiadas por medio de los impuestos cíclicos del Gobierno Central y de las contribuciones a la Seguridad Social. Estos resultados sugieren que un instrumento centralizado de estabilización macroeconómica para el conjunto del área esté basado en la mejora de los mecanismos de estabilización automática. Al mismo tiempo, parece importante que dicho instrumento de estabilización central esté integrado en un marco general de política fiscal que asegure los incentivos adecuados para los Gobiernos nacionales.Tras la crisis económica y financiera, ha emergido en Europa un amplio consenso sobre la necesidad de reforzar la dimensión fiscal para completar la Unión Económica y Monetaria (UEM). Este documento analiza el papel de las transferencias interregionales en algunas de las principales federaciones fiscales (centrado en Austria, Bélgica, Alemania, España y Estados Unidos), con el objetivo de extraer las conclusiones necesarias para el diseño de un instrumento fiscal para el área del euro. El análisis empírico de compartición de riesgos llevado a cabo en este documento sugiere que una estabilización interregional de los shocks asimétricos es más efectiva cuando está basada en transferencias directas de efectivo a los hogares, tales como las pensiones por desempleo, financiadas por medio de los impuestos cíclicos del Gobierno Central y de las contribuciones a la Seguridad Social. Estos resultados sugieren que un instrumento centralizado de estabilización macroeconómica para el conjunto del área esté basado en la mejora de los mecanismos de estabilización automática. Al mismo tiempo, parece importante que dicho instrumento de estabilización central esté integrado en un marco general de política fiscal que asegure los incentivos adecuados para los Gobiernos nacionales

The public sector pay gap in a selection of Euro area countries

We investigate the public-private wage differentials in ten euro area countries (Austria, Belgium, France, Germany, Greece, Ireland, Italy, Portugal, Slovenia and Spain). To account for differences in employment characteristics between the two sectors, we focus on micro data taken from EU-SILC. The results point to a conditional pay differential in favour of the public sector that is generally higher for women, at the low tail of the wage distribution, in the Education and the Public administration sectors rather than in the Health sector. Notable differences emerge across countries, with Greece, Ireland, Italy, Portugal and Spain exhibiting higher public sector premia than other countries

Search for dark matter produced in association with bottom or top quarks in √s = 13 TeV pp collisions with the ATLAS detector

A search for weakly interacting massive particle dark matter produced in association with bottom or top quarks is presented. Final states containing third-generation quarks and miss- ing transverse momentum are considered. The analysis uses 36.1 fb−1 of proton–proton collision data recorded by the ATLAS experiment at √s = 13 TeV in 2015 and 2016. No significant excess of events above the estimated backgrounds is observed. The results are in- terpreted in the framework of simplified models of spin-0 dark-matter mediators. For colour- neutral spin-0 mediators produced in association with top quarks and decaying into a pair of dark-matter particles, mediator masses below 50 GeV are excluded assuming a dark-matter candidate mass of 1 GeV and unitary couplings. For scalar and pseudoscalar mediators produced in association with bottom quarks, the search sets limits on the production cross- section of 300 times the predicted rate for mediators with masses between 10 and 50 GeV and assuming a dark-matter mass of 1 GeV and unitary coupling. Constraints on colour- charged scalar simplified models are also presented. Assuming a dark-matter particle mass of 35 GeV, mediator particles with mass below 1.1 TeV are excluded for couplings yielding a dark-matter relic density consistent with measurements

Combined measurement of differential and total cross sections in the H → γγ and the H → ZZ* → 4ℓ decay channels at s=13 TeV with the ATLAS detector

A combined measurement of differential and inclusive total cross sections of Higgs boson production is performed using 36.1 fb−1 of 13 TeV proton–proton collision data produced by the LHC and recorded by the ATLAS detector in 2015 and 2016. Cross sections are obtained from measured H→γγ and H→ZZ*(→4ℓ event yields, which are combined taking into account detector efficiencies, resolution, acceptances and branching fractions. The total Higgs boson production cross section is measured to be 57.0−5.9 +6.0 (stat.) −3.3 +4.0 (syst.) pb, in agreement with the Standard Model prediction. Differential cross-section measurements are presented for the Higgs boson transverse momentum distribution, Higgs boson rapidity, number of jets produced together with the Higgs boson, and the transverse momentum of the leading jet. The results from the two decay channels are found to be compatible, and their combination agrees with the Standard Model predictions

Search for High-Mass Resonances Decaying to τν in pp Collisions at √s=13 TeV with the ATLAS Detector

A search for high-mass resonances decaying to τν using proton-proton collisions at √s=13 TeV produced by the Large Hadron Collider is presented. Only τ-lepton decays with hadrons in the final state are considered. The data were recorded with the ATLAS detector and correspond to an integrated luminosity of 36.1 fb−1. No statistically significant excess above the standard model expectation is observed; model-independent upper limits are set on the visible τν production cross section. Heavy W′ bosons with masses less than 3.7 TeV in the sequential standard model and masses less than 2.2–3.8 TeV depending on the coupling in the nonuniversal G(221) model are excluded at the 95% credibility level

Search for the direct production of charginos and neutralinos in final states with tau leptons in √s=13 TeV collisions with the ATLAS detector

A search for the direct production of charginos and neutralinos in final states with at least two hadronically decaying tau leptons is presented. The analysis uses a dataset of pp collisions corresponding to an integrated luminosity of 36.1 fb−1, recorded with the ATLAS detector at the Large Hadron Collider at a centre-of-mass energy of 13TeV.Nosignificant deviation from the expected Standard Model background is observed. Limits are derived in scenarios of ˜χ+1 ˜χ−1 pair production and of ˜χ±1 ˜χ02 and ˜χ+1 ˜χ−1 production in simplified models where the neutralinos and charginos decay solely via intermediate left-handed staus and tau sneutrinos, and the mass of the ˜ τL state is set to be halfway between the masses of the ˜χ±1 and the ˜χ01. Chargino masses up to 630 GeV are excluded at 95% confidence level in the scenario of direct production of ˜χ+1 ˜χ−1 for a massless ˜χ01. Common ˜χ±1 and ˜χ02 masses up to 760 GeV are excluded in the case of production of ˜χ±1 ˜χ02 and ˜χ+1 ˜χ−1 assuming a massless ˜χ01. Exclusion limits for additional benchmark scenarios with large and small mass-splitting between the ˜χ±1 and the ˜χ01 are also studied by varying the ˜ τL mass between the masses of the ˜χ±1 and the ˜χ01