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...

A generalized method of construction of equireplicate balanced block designs from PBIB designs is given. Tables of these designs in the range r [equal-or-less, slanted] 30, obtainable from latin square and cyclic PBIB designs are also given

Some new variance-balanced designs with unequal block sizes and unequal replications are presented by use of group divisible and triangular partially balanced incomplete block designs. Tables of such variance-balanced designs with replications no larger than 30 are provided.

Using Hall and Heyde's (1980) representation theorem, we show that the stationary co-integration relations of an integrated system are generally non-linear stochastic processes. We propose a sequential non-parametric procedure to test stationary co-integration relations for non-linear dynamics,...

We derive a definition of linear cointegration for nonlinear stochastic processes using a martingale representation theorem. The result shows that stationary linear cointegrations can exhibit nonlinear dynamics, in contrast with the normal assumption of linearity. We propose a sequential...