P rice-level stability is widely recognized as the principal goal of monetary policy (see, for example, Black 1990, Carlstrom and Gavin 1991, and Hoskins 1991). A program for price stability actually has two distinct objectives; achieving each objective has its own distinct benefits. The first objective is to reduce the expected rate of price inflation to zero. The second objective is to elimin...

This paper investigates the e¤ects of replacing the consumer price index (CPI) with the wholesale price index (WPI) in the cointegrating international parity relationships found by Juselius and MacDonald (2000). Our empirical analysis outstandingly produced results similar to the ones obtained by Juselius and MacDonald, suggesting that the cointegration relationships in the international parity...

Time series analysis techniques (ARIMA models), artificial neural networks (ANNs) and Bayesian dynamic models were used to forecast annual loliginid and ommastrephid landings recorded from the most important fishing ports in the Northern Aegean Sea (1984–1999). The techniques were evaluated based on their efficiency to forecast and their ability to utilise auxiliary environmental information. A...

Identifying the drivers of global crop price fluctuations is essential for estimating the risks of unexpected weather-induced production shortfalls and for designing optimal response measures. Here we show that with a consistent representation of storage dynamics, a simple supply–demand model can explain most of the observed variations in wheat prices over the last 40 yr solely based on time se...

© Springer Science+Business Media New York 2015 S. Grossbard, The Marriage Motive: A Price Theory of Marriage, DOI 10.1007/978-1-4614-1623-4_2 This chapter and the following are adapted from “A Theory of Allocation of Time in Markets for Labor and Marriage,” Economic Journal, Vol. 94, pp. 863–882, December 1984. While writing it I benefited from helpful comments from Gary Becker, Jerry Green (f...

2014 We describe a continuous-flow cryostat system with spherical geometry and full 360° freedom of motion for all three Euler angles. The cryostat does not increase the dead angular zones of the Euler-cradle itself. Any sample temperature between 3 K and 300 K can be set and kept gradient-free and constant by a computer controlled temperature regulation. The time constant of the device is in t...