During the next several years, the U.S. electricity industry is likely to change dramatically. Instead of an industry dominated by vertically integrated companies that are regulated primarily by state public utility commissions, we may see an industry with many more participants and less...

In this report, we identify and define the key public-policy values, objectives, and actions that the US electricity industry currently meets. We also discuss the opportunities for meeting these objectives in a restructured industry that relies primarily on market forces rather than on...

We investigate autoregressive approximations of multiple frequency I(1) processes. The underlying data generating process is assumed to allow for an infinite order autoregressive representation where the coefficients of the Wold representation of the suitably filtered process satisfy mild...

We develop and discuss a parameterization of vector autoregressive moving average processes with arbitrary unit roots and (co)integration orders. The detailed analysis of the topological properties of the parameterization - based on the state space canonical form of Bauer and Wagner (2012) - is...