It's better to burn out than to fade away.
Neil said that. Or something like that.
It's been a great run and a tremendously rewarding experience, and I strongly suspect that I'll return one day. But I just don't have much to say at the moment, so I think it's time for a break.
THANKS for your kind and invigorating and unfailing support. Thinking with you for five years or so has been a great, great pleasure.
I'll be back.
Arnold said that. Or something like that.
Econometrics, economics, finance, random rants.
Econometrics, economics, finance, random rants...
Sunday, January 26, 2020
Tuesday, January 7, 2020
Ice-Free Arctic Summers are Coming VERY Soon
A very happy New Year to all!
Here's a new D&R to start it off:
"Probability Assessments of an Ice-Free Arctic:
Comparing Statistical and Climate Model Projections"
by
Francis X. Diebold and Glenn D. Rudebusch
arXiv:1912.10774 [stat.AP, econ.EM].
The downward trend in Arctic sea ice is a key factor determining the pace and intensity of future global climate change; moreover, declines in sea ice can have a wide range of additional environmental and economic consequences. Based on several decades of satellite data, in a new paper Glenn Rudebusch and I provide statistical forecasts of Arctic sea ice extent during the rest of this century (Diebold and Rudebusch, "Probability Assessments of an Ice-Free Arctic: Comparing Statistical and Climate Model Projections", arXiv:1912.10774 [stat.AP, econ.EM]). Our results indicate that sea ice is diminishing at an increasing rate, in sharp contrast to average projections from the CMIP5 global climate models, which foresee a gradual slowing of sea ice loss even in high carbon emissions scenarios. Our long-range statistical projections also deliver probability assessments of the timing of an ice-free Arctic. This analysis indicates almost a 60 percent chance of a seasonally ice-free Arctic Ocean in the 2030s -- much earlier than the average projection from global climate models.
Here's a new D&R to start it off:
"Probability Assessments of an Ice-Free Arctic:
Comparing Statistical and Climate Model Projections"
by
Francis X. Diebold and Glenn D. Rudebusch
arXiv:1912.10774 [stat.AP, econ.EM].
The downward trend in Arctic sea ice is a key factor determining the pace and intensity of future global climate change; moreover, declines in sea ice can have a wide range of additional environmental and economic consequences. Based on several decades of satellite data, in a new paper Glenn Rudebusch and I provide statistical forecasts of Arctic sea ice extent during the rest of this century (Diebold and Rudebusch, "Probability Assessments of an Ice-Free Arctic: Comparing Statistical and Climate Model Projections", arXiv:1912.10774 [stat.AP, econ.EM]). Our results indicate that sea ice is diminishing at an increasing rate, in sharp contrast to average projections from the CMIP5 global climate models, which foresee a gradual slowing of sea ice loss even in high carbon emissions scenarios. Our long-range statistical projections also deliver probability assessments of the timing of an ice-free Arctic. This analysis indicates almost a 60 percent chance of a seasonally ice-free Arctic Ocean in the 2030s -- much earlier than the average projection from global climate models.
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