Although the economic recovery in the UK has been disappointing, it is inappropriate to either assert that Japan’s two lost decades illustrate the ineffectiveness of stimulative monetary policy or that the UK is predestined to perform as badly as Japan. Recall that the UK has, so far, avoided...

The question whether the US equity market is overvalued is important from a policy perspective because a significant derating could interact adversely with the realisation of risks of recession. A simple dividend based model suggests that the market is two or three times overvalued. Allowing for...

The question whether the US equity market is overvalued is important from a policy perspective because a significant derating could interact adversely with the realisation of risks of recession. A simple dividend based model suggests that the market is two or three times overvalued. Allowing for...

The motivation for this paper is the need for improved reliability/availability of different electrical drives in a locomotive for improving the reliability and quality of service to the passengers as well as the requirement for cost-effective and more efficient condition-based maintenance...

Electrical machines are widely used in all areas of modern life in domestic and industrial applications. In a large system, these machines are used to fulfil a number of objectives either independently or as a part of a complex process, employing a number of such units. To ensure the optimum...