In this paper we carry out a preliminary exploration of a time scales' conjecture, which postulates that "reasonable" notions of sustainability must include a suitable synchronisation of time scales of both the processes of human development and those of the natural environment. We perform our...

In this paper we examine whether, and how, welfare economics should incorporate the insights from happiness and satisfaction studies. Our main point is that measuring well-being by reported satisfaction levels can come in conáict with individuals judgments about their own lives and that these...

This paper compares the performance of "aggregate" and "disaggregate" predictors in forecasting contemporaneously aggregated vector ARMA processes. An aggregate predictor is built by forecasting directly the aggregate process, as it results from contemporaneous aggregation of the data generating...