The concept of modular standardised control system units is not new. The technique is well established in the solid state electronics field, where it is accepted that ease of servicing and trouble shooting coupled with a standardised application design procedure, is more important than...

This paper provides the most fully comprehensive evidence to date on whether or not monetary aggregates are valuable for forecasting US inflation in the early to mid 2000s. We explore a wide range of different definitions of money, including different methods of aggregation and different...

It is well-known that observed data on prices and quantities of a set of goods is consistent with rational choice if the data satisfy revealed preference. In this paper, we derive estimators for demand and substitution elasticities at the observed data points for datasets satisfying the Strong...