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    FIGURE 42 in Pristosia Motschulsky, 1865 from the Nepal Himalaya: Taxonomy and Biogeography (Coleoptera: Carabidae: Sphodrini)

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    FIGURE 42. Distribution of Pristosia in Nepal and adjacent parts of the Himalaya.Published as part of Schmidt, Joachim & Hartmann, Matthias, 2009, Pristosia Motschulsky, 1865 from the Nepal Himalaya: Taxonomy and Biogeography (Coleoptera: Carabidae: Sphodrini), pp. 1-26 in Zootaxa 2009 on page 23, DOI: 10.5281/zenodo.18575

    DID THE INTRODUCTION OF THE EURO HAVE AN IMPACT ON INFLATION UNCERTAINTY?-AN EMPIRICAL ASSESSMENT

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    We compare inflation uncertainty in distinguished groups of economies. Results indicate that during the recent financial crisis the global inflation climate has become markedly more uncertain than previously. We document that in comparison to other economies, member states of the European Monetary Union are less exposed to inflation uncertainty. Three European Union members that are not part of the monetary union and five other OECD member economies serve as control groups. With regard to the quantification of inflation uncertainty, results are robust over a set of alternative estimates of the latent inflation risk processes

    A comparative assessment of alternative ex ante measures of inflation uncertainty

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    peer reviewedThe existence of unconventional monetary and fiscal policy arrangements in industrialized economies has been raising concerns about the future evolution of inflation rates ever since the onset of the financial and sovereign debt crisis in 2008. However, the question of how inflation uncertainty should be quantified is an open issue. We assess the informative content of alternative ex ante quantifications of inflation uncertainty by predicting ex post squared inflation forecast errors in an out-of-sample forecasting contest. We find that the average across distinct models’ levels of ex ante uncertainty offers a greater predictive content than other uncertainty measures based on the cross-sectional variance of point forecasts, GARCH or stochastic volatility models

    FIGURES 5–15. Pristosia spp., pronotum. Fig. 5, P. dahud polita ssp. n in Pristosia Motschulsky, 1865 from the Nepal Himalaya: Taxonomy and Biogeography (Coleoptera: Carabidae: Sphodrini)

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    FIGURES 5–15. Pristosia spp., pronotum. Fig. 5, P. dahud polita ssp. n., Paratype, male. Fig. 6, P. dahud Morvan, 1994, non-type, male, Rara Lake. Fig. 7, P. dahud Morvan, 1994, non-type, male, Maharigaon. Fig. 8, P. dahud Morvan, 1994, non-type, male, Khari Lagna (transitional form). Fig. 9, P. dahud Morvan, 1994, non-type, male, Khari Lagna (typical form). Fig. 10, P. similata sp. n., Paratype, male. Fig. 11, P. glabella sp. n., Paratype, male. Fig. 12, P. amaroides (Putzeys, 1877), non-type, female, India, Darjeeling. Fig. 13, P. a t re m a (Andrewes, 1926), Holotype. Fig. 14, P. nepalensis sp. n., Paratype, male. Fig. 15, P. championi (Andrewes, 1934), Holotype. Scale bar = 2 mm.Published as part of Schmidt, Joachim & Hartmann, Matthias, 2009, Pristosia Motschulsky, 1865 from the Nepal Himalaya: Taxonomy and Biogeography (Coleoptera: Carabidae: Sphodrini), pp. 1-26 in Zootaxa 2009 on page 7, DOI: 10.5281/zenodo.18575

    Inflation Targeting under Inflation Uncertainty - Multi-Economy Evidence from a Stochastic Volatility Model

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    One of the most important advantages of an inflation target is that it helps to reduce uncertainty about future inflation. However, this confidence may be undermined if actual inflation continuously deviates from the target level. We examine how inflation uncertainty relates to the presence of an inflation target and deviations of inflation from the targeted level. Inflation uncertainty is quantified by means of an unobserved components stochastic volatility model that allows to distinguish between permanent and transitory inflation uncertainty. While long-term inflation appears largely stable in most economies, the short-term inflation uncertainty is found to be time-varying. Most notably, short-term inflation uncertainty is high if inflation rates are below the target level. This is particularly relevant for economies which are currently confronted with the presence of persistently low-inflation rates. Our findings suggest that announcing higher inflation targets as it is currently discussed may be costly in terms of provoking higher inflation uncertainty
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