Pulsar Timing Arrays and their Applications
  Millisecond pulsars are intrinsically very stable clocks and precise measurement of their observed pulse periods can be used to study a wide variety of astrophysical phenomena. In particular, observations of a large sample of millisecond pulsars at regular intervals, constituting a Pulsar Timing Array (PTA), can be used as a detector of low-frequency gravitational waves and to establish a standard of time independent of terrestrial atomic timescales. Three major timing array projects have been established: The European Pulsar Timing Array (EPTA), the North American pulsar timing array (NANOGrav) and the Parkes Pulsar Timing Array (PPTA). Results from the PPTA project are described in some detail and future prospects for PTA projects are discussed. 
R. N. Manchester
astro-ph.HE