Professor Charles Nolan

Charles Nolan
  • Bonar MacFie Chair in Economics (Economics)

email: Charles.Nolan@glasgow.ac.uk

Main Building
University Avenue
Glasgow G12 8QQ


Research interests

Macroeconomics, Theory, Fiscal policy, Monetary policy, Financial aspects of business cycles

Biography

Charles was educated at the University of Strathclyde and Birkbeck College, University of London. He worked for eight years as an economist at the Bank of England, has taught at the University of Reading and was a Reader in Economics at the University of Durham. Prior to joining the University of Glasgow in 2010, he was a Professor of Economics at the University of St Andrews.

List all by: Type | Date

Jump to: 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2004 | 2003 | 2002 | 2001 | 1998 | 1997 | 1996
Number of items: 28.

2012

Damjanovic, V., and Nolan, C. (2012) S,s pricing in a dynamic equilibrium model with heterogeneous sectors. Journal of Economic Dynamics and Control, 36 (4). pp. 550-567. ISSN 0165-1889 (doi:10.1016/j.jedc.2011.11.009)

2011

Damjanovic, T., and Nolan, C. (2011) Second-order approximation to the Rotemberg model around a distorted steady state. Economics Letters, 110 (2). pp. 132-135. ISSN 0165-1765 (doi:10.1016/j.econlet.2010.11.010)

2010

Damjanovic, T., and Nolan, C. (2010) Relative price distortions and inflation persistence. Economic Journal, 120 (547). pp. 1080-1099. ISSN 0013-0133 (doi:10.1111/j.1468-0297.2009.02329.x)

Damjanovic, T., and Nolan, C. (2010) Seigniorage-maximizing inflation under sticky prices. Journal of Money, Credit and Banking, 42 (2-3). pp. 503-519. ISSN 0022-2879 (doi:10.1111/j.1538-4616.2009.00297.x)

2009

Nolan, C., and Thoenissen, C. (2009) Financial shocks and the US business cycle. Journal of Monetary Economics, 56 (4). pp. 596-604. ISSN 0304-3932 (doi:10.1016/j.jmoneco.2009.03.007)

2008

Nolan, C., and Thoenissen, C. (2008) Labour markets and firm-specific capital in New Keynesian general equilibrium models. Journal of Macroeconomics, 30 (3). pp. 817-843. ISSN 0164-0704 (doi:10.1016/j.jmacro.2007.02.002)

Damjanovic, T., Damjanovic, V., and Nolan, C. (2008) Unconditionally optimal monetary policy. Journal of Monetary Economics, 55 (3). pp. 491-500. ISSN 0304-3932 (doi:10.1016/j.jmoneco.2008.01.003)

2007

Chadha, J. S., and Nolan, C. (2007) Optimal simple rules for the conduct of monetary and fiscal policy. Journal of Macroeconomics, 29 (4). pp. 665-689. ISSN 0164-0704 (doi:10.1016/j.jmacro.2005.01.005)

Ghosh, S., and Nolan, C. (2007) The impact of simple fiscal rules in growth models with public goods and congestion. Manchester School, 75 (5). pp. 634-651. ISSN 1463-6786 (doi:10.1111/j.1467-9957.2007.01034.x)

Chadha, J. S., Macmillan, P., and Nolan, C. (2007) Independence day for the 'old lady': a natural experiment on the implications of central bank independence. Manchester School, 75 (3). pp. 311-327. ISSN 1463-6786 (doi:10.1111/j.1467-9957.2007.01019.x)

2006

Damjanovic, V., and Nolan, C. (2006) Aggregation and optimization with state-dependent pricing: a comment. Econometrica, 74 (2). pp. 565-573. ISSN 0012-9682 (doi:10.1111/j.1468-0262.2006.00672.x)

Damjanovic, T., and Nolan, C. (2006) Some welfare implications of optimal stabilisation policy in an economy with capital and sticky prices. Scottish Journal of Political Economy, 53 (1). pp. 47-71. ISSN 0036-9292 (doi:10.1111/j.1467-9485.2006.00370.x)

Nicolae, A., and Nolan, C. (2006) The impact of imperfect credibility in a transition to price stability. Journal of Money, Credit and Banking, 38 (1). pp. 47-66. ISSN 0022-2879 (doi:10.1353/mcb.2006.0022)

2004

Chadha, J.S., and Nolan, C. (2004) Interest rate bounds and fiscal policy. Economics Letters, 84 (1). pp. 9-15. ISSN 0165-1765 (doi:10.1016/j.econlet.2003.12.001)

Chadha, J. S., and Nolan, C. (2004) Output, inflation and the New Keynesian Phillips Curve. International Review of Applied Economics, 18 (3). pp. 271-287. ISSN 0269-2171 (doi:10.1080/0269217042000227060)

Chadha, J. S., and Nolan, C. (2004) The interaction of monetary and fiscal policy: solvency and stabilisation issues. In: Minford, P. (ed.) Money Matters: Essays in Honour of Alan Walters. Edward Elgar, Cheltenham, pp. 169-210. ISBN 9781843764434

2003

Chadha, J. S., Muscatelli, V. A., and Nolan, C. (2003) 'Policy rules-the next steps'-Scottish Journal of Political Economy Special Issue. Scottish Journal of Political Economy, 50 (5). i-iii. ISSN 0036-9292 (doi:10.1111/j.0036-9292.2003.05005007.x)

Nolan, C., Chadha, J. and Altug, S., (Eds.) (2003) Dynamic Macroeconomic Analysis: Theory and Policy in General Equilibrium. Cambridge University Press, Cambridge. ISBN 0521534038

2002

Janssen, N., Nolan, C., and Thomas, R. (2002) Money, debt and prices in the United Kingdom, 1705-1996. Economica, 69 (275). pp. 461-479. ISSN 0013-0427 (doi:10.1111/1468-0335.00294)

Chadha, J. S., and Nolan, C. (2002) Inflation and price level targeting in a New Keynesian model. Manchester School, 70 (4). pp. 570-595. ISSN 1463-6786 (doi:10.1111/1467-9957.00301)

Nolan, C. (2002) Monetary stabilisation policy in a monetary union: some simple analytics. Scottish Journal of Political Economy, 49 (2). pp. 196-215. ISSN 0036-9292 (doi:10.1111/1467-9485.00228)

Chadha, J. S., and Nolan, C. (2002) Supply shocks and the 'natural rate of interest': an exploration. In: Mahadeva, L. and Sinclair, P. (eds.) Monetary Transmission in Diverse Economies. Cambridge University Press, Cambridge, pp. 49-67. ISBN 9780521813464

2001

Chadha, J. S., Janssen, N., and Nolan, C. (2001) Productivity and preferences in a small open economy. Manchester School, 69 (s1). pp. 57-80. ISSN 1463-6786 (doi:10.1111/1467-9957.69.s1.4)

Chadha, J. S., and Nolan, C. (2001) Inflation targeting, transparency and interest rate volatility: ditching "monetary mystique" in the U.K. Journal of Macroeconomics, 23 (3). pp. 349-366. ISSN 0164-0704 (doi:10.1016/S0164-0704(01)00168-9)

1998

Schaling, E., and Nolan, C. (1998) Monetary policy uncertainty and inflation: the role of central bank accountability. De Economist, 146 (4). pp. 585-602. ISSN 0013-063X (doi:10.1023/A:1003494413926)

1997

Canzoneri, M. B., Nolan, C., and Yates, T. (1997) Mechanisms for achieving monetary stability: inflation targeting versus the ERM. Journal of Money, Credit and Banking, 29 (1). pp. 46-60. ISSN 0022-2879 (doi:10.2307/2953685)

Nolan, C., and Schaling, E. (1997) Monetary Policy Uncertainty and Central Bank Accountability. Working Paper. Bank of England, London.

1996

Nolan, C., and Schaling, E. (1996) International monetary policy co-ordination: some lessons from the literature. Bank of England Quarterly Bulletin, 36 (4). pp. 412-417. ISSN 0005-5166

This list was generated on Tue Sep 30 16:51:07 2014 BST.
Number of items: 28.

Article

Damjanovic, V., and Nolan, C. (2012) S,s pricing in a dynamic equilibrium model with heterogeneous sectors. Journal of Economic Dynamics and Control, 36 (4). pp. 550-567. ISSN 0165-1889 (doi:10.1016/j.jedc.2011.11.009)

Damjanovic, T., and Nolan, C. (2011) Second-order approximation to the Rotemberg model around a distorted steady state. Economics Letters, 110 (2). pp. 132-135. ISSN 0165-1765 (doi:10.1016/j.econlet.2010.11.010)

Damjanovic, T., and Nolan, C. (2010) Relative price distortions and inflation persistence. Economic Journal, 120 (547). pp. 1080-1099. ISSN 0013-0133 (doi:10.1111/j.1468-0297.2009.02329.x)

Damjanovic, T., and Nolan, C. (2010) Seigniorage-maximizing inflation under sticky prices. Journal of Money, Credit and Banking, 42 (2-3). pp. 503-519. ISSN 0022-2879 (doi:10.1111/j.1538-4616.2009.00297.x)

Nolan, C., and Thoenissen, C. (2009) Financial shocks and the US business cycle. Journal of Monetary Economics, 56 (4). pp. 596-604. ISSN 0304-3932 (doi:10.1016/j.jmoneco.2009.03.007)

Nolan, C., and Thoenissen, C. (2008) Labour markets and firm-specific capital in New Keynesian general equilibrium models. Journal of Macroeconomics, 30 (3). pp. 817-843. ISSN 0164-0704 (doi:10.1016/j.jmacro.2007.02.002)

Damjanovic, T., Damjanovic, V., and Nolan, C. (2008) Unconditionally optimal monetary policy. Journal of Monetary Economics, 55 (3). pp. 491-500. ISSN 0304-3932 (doi:10.1016/j.jmoneco.2008.01.003)

Chadha, J. S., and Nolan, C. (2007) Optimal simple rules for the conduct of monetary and fiscal policy. Journal of Macroeconomics, 29 (4). pp. 665-689. ISSN 0164-0704 (doi:10.1016/j.jmacro.2005.01.005)

Ghosh, S., and Nolan, C. (2007) The impact of simple fiscal rules in growth models with public goods and congestion. Manchester School, 75 (5). pp. 634-651. ISSN 1463-6786 (doi:10.1111/j.1467-9957.2007.01034.x)

Chadha, J. S., Macmillan, P., and Nolan, C. (2007) Independence day for the 'old lady': a natural experiment on the implications of central bank independence. Manchester School, 75 (3). pp. 311-327. ISSN 1463-6786 (doi:10.1111/j.1467-9957.2007.01019.x)

Damjanovic, V., and Nolan, C. (2006) Aggregation and optimization with state-dependent pricing: a comment. Econometrica, 74 (2). pp. 565-573. ISSN 0012-9682 (doi:10.1111/j.1468-0262.2006.00672.x)

Damjanovic, T., and Nolan, C. (2006) Some welfare implications of optimal stabilisation policy in an economy with capital and sticky prices. Scottish Journal of Political Economy, 53 (1). pp. 47-71. ISSN 0036-9292 (doi:10.1111/j.1467-9485.2006.00370.x)

Nicolae, A., and Nolan, C. (2006) The impact of imperfect credibility in a transition to price stability. Journal of Money, Credit and Banking, 38 (1). pp. 47-66. ISSN 0022-2879 (doi:10.1353/mcb.2006.0022)

Chadha, J.S., and Nolan, C. (2004) Interest rate bounds and fiscal policy. Economics Letters, 84 (1). pp. 9-15. ISSN 0165-1765 (doi:10.1016/j.econlet.2003.12.001)

Chadha, J. S., and Nolan, C. (2004) Output, inflation and the New Keynesian Phillips Curve. International Review of Applied Economics, 18 (3). pp. 271-287. ISSN 0269-2171 (doi:10.1080/0269217042000227060)

Chadha, J. S., Muscatelli, V. A., and Nolan, C. (2003) 'Policy rules-the next steps'-Scottish Journal of Political Economy Special Issue. Scottish Journal of Political Economy, 50 (5). i-iii. ISSN 0036-9292 (doi:10.1111/j.0036-9292.2003.05005007.x)

Janssen, N., Nolan, C., and Thomas, R. (2002) Money, debt and prices in the United Kingdom, 1705-1996. Economica, 69 (275). pp. 461-479. ISSN 0013-0427 (doi:10.1111/1468-0335.00294)

Chadha, J. S., and Nolan, C. (2002) Inflation and price level targeting in a New Keynesian model. Manchester School, 70 (4). pp. 570-595. ISSN 1463-6786 (doi:10.1111/1467-9957.00301)

Nolan, C. (2002) Monetary stabilisation policy in a monetary union: some simple analytics. Scottish Journal of Political Economy, 49 (2). pp. 196-215. ISSN 0036-9292 (doi:10.1111/1467-9485.00228)

Chadha, J. S., Janssen, N., and Nolan, C. (2001) Productivity and preferences in a small open economy. Manchester School, 69 (s1). pp. 57-80. ISSN 1463-6786 (doi:10.1111/1467-9957.69.s1.4)

Chadha, J. S., and Nolan, C. (2001) Inflation targeting, transparency and interest rate volatility: ditching "monetary mystique" in the U.K. Journal of Macroeconomics, 23 (3). pp. 349-366. ISSN 0164-0704 (doi:10.1016/S0164-0704(01)00168-9)

Schaling, E., and Nolan, C. (1998) Monetary policy uncertainty and inflation: the role of central bank accountability. De Economist, 146 (4). pp. 585-602. ISSN 0013-063X (doi:10.1023/A:1003494413926)

Canzoneri, M. B., Nolan, C., and Yates, T. (1997) Mechanisms for achieving monetary stability: inflation targeting versus the ERM. Journal of Money, Credit and Banking, 29 (1). pp. 46-60. ISSN 0022-2879 (doi:10.2307/2953685)

Nolan, C., and Schaling, E. (1996) International monetary policy co-ordination: some lessons from the literature. Bank of England Quarterly Bulletin, 36 (4). pp. 412-417. ISSN 0005-5166

Book Section

Chadha, J. S., and Nolan, C. (2004) The interaction of monetary and fiscal policy: solvency and stabilisation issues. In: Minford, P. (ed.) Money Matters: Essays in Honour of Alan Walters. Edward Elgar, Cheltenham, pp. 169-210. ISBN 9781843764434

Chadha, J. S., and Nolan, C. (2002) Supply shocks and the 'natural rate of interest': an exploration. In: Mahadeva, L. and Sinclair, P. (eds.) Monetary Transmission in Diverse Economies. Cambridge University Press, Cambridge, pp. 49-67. ISBN 9780521813464

Edited Book

Nolan, C., Chadha, J. and Altug, S., (Eds.) (2003) Dynamic Macroeconomic Analysis: Theory and Policy in General Equilibrium. Cambridge University Press, Cambridge. ISBN 0521534038

Research Report or Paper

Nolan, C., and Schaling, E. (1997) Monetary Policy Uncertainty and Central Bank Accountability. Working Paper. Bank of England, London.

This list was generated on Tue Sep 30 16:51:07 2014 BST.

Current PhD students

Ngozi Nwafor

Thesis title: Asset price bubbles and monetary policy.
Co-supervisor: Alexandros Kontonikas

Alfred Duncan

Thesis title: Private information, contracting and business cycles.
Co-supervisor: Professor Campbell Leith 

Ding Liu

Thesis title: The excessive money puzzle in China.
Co-supervisor: Professor Campbell Leith

Marco Lorusso

Thesis title: Marco is analysing the effects of oil price movements. In particular, he is focussing on a small oil-exporting economy and the implications for fiscal and monetary policy.
Co-supervisor: Dr John Tsoukalas

Zivile Zekaite

Thesis title: Monetary Policy and Financial Frictions: linear and non-linear reactions to financial stress. Co-supervisor: Dr Alexandros Kontonikas

Postgraduate: International Macroeconomics and Policy; Public Finance

Work in progress

'Banking in macroeconomic models'

'Heterogeneous agent macro models'

'Endogenous Exchange Costs'