People often get what they want from the social system, and that process is aided by social popularity or by having money. Money can thus possibly substitute for social acceptance in conferring the ability to obtain benefits from the social system. Moreover, past work has suggested that responses to physical pain and social distress share common underlying mechanisms. Six studies tested relatio...

I will focus on the role of housing for the macro‐economy rather than giving a detailed prediction for the overall performance of the economy or the bond and stock markets. We recently had an interesting conference on that topic at Stern. The consensus view among private sector and government economists is one of gradual improvement in economic performance into 2014 with about 3% real GDP growt...

This paper develops a theoretical model of a monetary policy committee with heterogeneous members whose decisions and public communications are observed by the financial markets. It thereby provides a link between the literatures on monetary policy committees and central bank communication. The results show that transparency about the different views among committee members surrounding the econ...

Thank you to the ABE and the Economic Society for putting on such an enjoyable occasion and inviting me to speak. I don’t intend to say much about current economic conditions or the short-term outlook. The Bank has just released its Statement on Monetary Policy, and there is no end of discussion at this time of year in various conferences about what may lie ahead. Instead, I want to make some o...

Mollenberg-Betz was founded in 1910 by Henry J. Mollenberg and Jacob Betz as a machine shop serving nearby shipping, steel mills, and other industries. Early on, the founders were asked to design and install a refrigeration system for a dairy, and for several decades the company designed and manufactured custom refrigeration systems for a variety of industrial and commercial customers. During t...

Alias leads the world in the automatic isometric generation of piping with their ̄ agship product, ISOGEN, which is available from many of the world’ s leading plant design vendors, including Intergraph, Rebis, Bentley, Tribon Solutions AB, Aquaconsult, CEA International, Profox, COADE and PRO-CAD. Alias’ s product portfolio includes SPOOLGEN, for the production and management of fabrication spo...

The assigned purpose of this paper is to explore new opportunities in liquidity management. The term is understood to mean a profitable mix of asset and liability management in the demanding new economic environment that is developing. My own preference is for the term "balance-sheet management" as a more accurate and concise way to describe the process. To establish a kind of controlling conte...

We study an aggregated marketplace where potential buyers arrive and submit requests-forquotes (RFQs). There are n independent suppliers modelled as M/GI/1 queues that compete for these requests. Each supplier submits a bid that comprises of a fixed price and a dynamic target leadtime, and the cheapest supplier wins the order as long as the quote meets the buyer’s willingness to pay. We charact...

Water loss through leaking pipes constitutes a major challenge to the operational service of water utilities. In recent years, increasing concern about the financial loss and environmental pollution caused by leaking pipes has been driving the development of efficient algorithms for detecting leakage in water piping networks. Water distribution networks (WDNs) are disperse in nature with numero...