In this paper we compare a deterministic model and a Markov switching model to analyze the behavior of the US economy and the Federal Reserve. We examine both optimal and empirical monetary policies for the US Federal Reserve between 1960 and 2008. We compare the optimal monetary policy to the...

Many small island states have developed economies that are strongly dependent on tuna fisheries. Consequently, they are vulnerable to the socio-economic effects of climate change and variability, processes that are known to impact upon tuna fisheries distribution and productivity. The aim of...

In the early 1990s, two major crises affected the French fish market. Low import prices were suspected to have affected import levels of fish. Therefore, this paper looks at the empirical economic factors of fish imports in France. Most economic papers related to this field use a demand function...