In connection with the global warming of climate in the Arctic zone (both on dry land and in the sea shelf) began the processes of decomposition of the permafrost, accompanied by isolation into the atmosphere of carbon dioxide and methane.The enormous deposits of methane hydrates on the bottom...

We examine the behavior of forecasts for real GDP growth using a large panel of individual forecasts from 30 advanced and emerging economies during 1989-2010. Our main findings are as follows. First, our evidence does not support the validity of the sticky information model (Mankiw and Reis,...