Discussion paper series archive

2018

2018-01 'Debt Sustainability and Welfare along an Optimal Laffer Curve' by Xiaoshan Chen, Campbell Leith and Matta Ricci

2018-02 'Should the ECB coordinate EMU fiscal policies?' by Tatiana Kirsanova, Celsa Machado and Ana Paula Ribeiro

2018-03 'Which Banks Smooth and at What Price?' by Sotirios Kokas, Dmitri Vinogradov and Marios Zachariadis

2018-04 'Foreign exchange order flow as a risk factor' by Craig Burnside, Mario Cerrato and Zhekai Zhang

2018-05 'Discouragement through incentives' by Dmitri Vinogradov and Elena Shadrina

2017

2017-01 "Studying the Implications of Consumption and Asset Return Data for Stochastic Discount Factors in Incomplete International Economics" by Gurdip Bakshi, Mario Cerrato and John Crosby

2017-02 "Asymmetries in earnings, employment and wage risk in Great Britain" by Konstantinos Angelopoulos, Spyridon Lazarakis and James Malley

2017-03 "Financial Literacy and Attitudes to Redistribution" by Alberto Montagnoli, Mirko Moro, Georgios A. Panos and Robert E. Wright

2017-04 "A Composition- Consistency Characterization of the Plurality Rule" by Z. Emel Ozturk (no longer available to download)

2017-05 "Durations at the Zero Lower Bound" by Richard Dennis

2017-06 "Financing Lumpy Adjustment" by Christoph Gortz, Plutarchos Sakellaris and John D. Tsoukalas

2017-07 "Wealth inequality and externalities from ex-ante skill heterogeneity" by Konstantinos Angelopoulos, Spyridon Lazarakis and James Malley

2017-08 "Disputes, Debt and Equity" by Alfred Duncan and Charles Nolan

2017-09 "Liquidity Risk, Credit Risk and the Money Multiplier" by Tatiana Damjanovic, Vladislav Damjanovic and Charles Nolan

2017-10 "Can subsiding job-related training reduce inequality?" by Konstantinos Angelopoulos, Andrea Benecchi and James Malley

2017-11 "The Effect of New Shocks and Monetary Policy" by Luca Ganbetti, Dimitris Korobilis, John D. Tsoukalas and Francesco Zanetti

2017-12 "Signaling Probabilities in Ambiguity: on the impact of vague news by Dmitri Vinogradov and Yousef Makhlouf

2016

2016-01‌ - "Understanding Inflation as a Joint Monetary-Fiscal Phenomenon" by Eric M. Leeper and Campbell Leith

2016-02‌ - "Private information and business cycle risk sharing" by Alfred Duncan, University of Cambridge

2016-03‌ - "Forecasting the 2015 General Election with Internet Big Data: An Application of the TRUST Framework" by Ronald MacDonald and Xuxin Mao

2016-04‌ - "Optimal Time-Consistent Monetary, Fiscal and Debt Maturity Policy" by Eric M. Leeper, Campbell Leith and Ding Liu

2016-05‌ - "Monetary Policy and Corporate Bond Returns" by Alexandros Kontonikas, Paulo Maio and Zivile Zekaite

2016-06‌ - "Japan's Currency Intervention Regimes: A Microstructural Analysis with Speculation and Sentiment" by Ronald MacDonald and Xuxin Mao

2016-07‌ - "Competitive Fair Division under additive utilities" by Anna Bogomolnaia and Hervé Moulin

2016-08‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌ - "The Unreasonable Fairness of Maximum Nash Welfare" by Hervé Moulin, Ioannis Caragiannis, David Kurokawa, Ariel D. Procaccia, Nisarg Shah and Junxing Wang.

2016-09‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌ - "Bayesian Compressed Vector Autoregressions" by Dimitris Korobilis, Gary Koop and Davide Pettenuzzo

2016-10‌ - "Bank development and a lower degree of sophistication and diversification of developing countries’ exports" by Alberto Paloni and John Ebireri

2016-11‌ - "Deep Recessions and Slow Recoveries" by Tatiana Kirsanova, Charles Nolan and Maryam Shafiei Deh Abad

2016-12‌ - "Political Economics of Fiscal Consolidations and External Sovereign Accidents" by Carolina Achury, Christos Koulovatianos and John Tsoukalas

2016-13‌ - "Implementation in partial equilibrium" by Takashi Hayashi and Michele Lombardi

2016-14‌ - "Sequential implementation without commitment" by Takashi Hayashi and Michele Lombardi

2016-15‌- "New Shocks under Financial Frictions" by Christoph Gortz, John D. Tsoukalas and Francesco Zanetti

2016-16‌ - "A Non- Cooperative Approach to Dynamic Bargaining" by Francesca Flamini

2016-17‌ - "Optimal Bailout of Systemic Banks" by Charles Nolan, Plutarchos Sakellaris and John D. Tsoukalas

2016-18‌ - "Policy initiatives and firms' access to external finance: Evidence from a panel of emerging Asian Economies" by Udichibarna Bose, Ronald MacDonald and Serafeim Tsoukas

2016-19‌ - "Social decision under uncertainty and responsibility for beliefs" by Takashi Hayashi and Michele Lombardi

2016-20‌- "Dynamic Benchmark Targeting" by Karl H. Schlag and Andy Zapechelnyuk

2016-21‌- "Optimal Allocation with Ex-post Verification and Limited Penalties" by Tymofiy Mylovanov and Andy Zapechelnyuk

2016-22‌- "Persuasion of a Privately Informed Receiver" by Anton Kolotilin, Tymofiy Mylovanov, Andy Zapechelnyuk and Ming Li

2016-23‌- "Financial Literacy and Political Orientation in Great Britain" by Alberto Montagnoli, Mirko Moro, Georgios Panos and Robert E Wright 

2015

2015-01 "Policy initiatives and firms' access to external finance: Evidence from a panel of emerging Asian economies" by Udichibarna Bose, Ronald MacDonald and Serafeim Tsoukas

2015-02 "The Optimal Degree of Monetary-Discretion in a New Keynesian Model with Private Information" by Yuichiro Waki, Ippei Fujiwara and Richard Dennis

2015-03 "Fiscal multipliers in a two-sector search and matching model" by Konstantinos Angelopoulos, Wei Jiang and James Malley

2015-04 "Firm survival, uncertainty and financial frictions: Is there a financial uncertainty accelerator?" by Joseph P. Byrne, Marina-Eliza Spaliara and Serafeim Tsoukas

2015-05 "An Alternative way of predicting the outcome of the Scottish Independence Referendum: the information in the Ether." by Ronald MacDonald and Xuxin Mao

2015-07 "Transaction Costs and Institutions: Investments in Exchange" by Charles Nolan and Alex Trew

2015-08 "Term Structure Dynamics, Macro-Finance Factors and Model Uncertainty" by Joseph P. Byrne, Shuo Cao and Dimitris Korobilis.

2015-09 "Quantile forecasts of inflation under model uncertainty" by Dimitris Korobilis.

2015-10 "Prior selection for panel vector autoregressions" by Dimitris Korobilis.

2015-11 "Tracking cost savings from competitive tendering in the short and long run" by Luis Angeles and Robin G. Milne‌

2015-12 "Co-Movement, Spillovers and Excess Returns in Global Bond Markets?" by Joseph P. Byrne, Shuo Cao and Dimitris Korobilis

2015-13 "Education and the local equity bias around the world" by Udichibarna Bose, Ronald MacDonald and Serafeim Tsoukas

2015-14 "US Monetary and Fiscal Policies - conflict or cooperation?" by Xiaoshan Chen, Eric M. Leeper and Campbell Leith

2015-15 "Modeling Dependence Structure and Forecasting Market Risk with Dynamic Asymmetric Copula" by Mario Cerrato, John Crosby, Minjoo Kim and Yang Zhao

2015-16 "Nominal Targeting in an Economy with Government Debt" by Yuting Bai, Tatiana Kirsanova and Campbell Leith

2015-17 "Always and Everywhere Inflation? Treasuries Variance Decomposition and the Impact of Monetary Policy" - by Alexandros Kontonikas, Charles Nolan and Zivile Zekaite

2015-18 "Financialisation, Business Lending and Profitability in the UK" by Victor Ekpu and Alberto Paloni

2015-19 "A note on debt and economic activity" by Luis Angeles and Robin Milne

2015-20 "Economic Growth and Evolution of Gender Equality" by Tatiana Damjanovic and Geethanjali Selvaretnam

2015-21 "Laissez-faire versus Pareto" by Kristof Bosmans and Z. Emel Ozturk

2015-22 "Objectives and Challenges of Macroprudential Policy" by Alfred Duncan and Charles Nolan

2015-23 "Risk Sharing in International Economies and Market Incompleteness" by Gurdip Bakshi, Mario Cerrato and John Crosby

2015-24 "Correlated Defaults of UK Banks: Dynamics and Asymmetries" by Mario Cerrato, John Crosby, Minjoo Kim and Yang Zhao

2015-25 "Forecasting With High Dimensional Panel VARs" by Gary Koop, Dimitris Korobilis

2014

2014-01 "Noncooperative oligopoly in markets with a continuum of traders: a limit theorem a la Cournot" by Francesca Busetto, Giulio Codognato and Sayantan Ghosal

2014-02 "Self-confidence, overconfidence and prenatal testosterone exposure: evidence from the lab" by Patricio S. Dalton and Sayantan Ghosal

2014-03 "Exchange rate predictability in a changing world" by Joseph P. Byrne, Dimitris Korobilis, and Pinho J. Ribeiro

2014-04 "Data-based priors for vector autoregressions with drifting coefficients" by Dimitris Korobilis

2014-05 "Tax smoothing in a business cycle model with capital-skill complementarity" by Konstantinos Angelopoulos, Stylianos Asimakopoulos and James Malley

2014-06 "The inflation bias under Calvo and Rotemberg pricing" by Campbell Leith and Ding Liu

2014-07 "Optimal progressive taxation in a model with endogenous skill supply" by Konstantinos Angelopoulos, Stylianos Asimakopoulos and James Malley

2014-08 "Monetary policy in times of financial stress" by Alexandros Kontonikas, Charles Nolan and Zivile Zekaite

2014-09 "On the real effects of financial pressure: Evidence from euro area firm-level employment during the recent financial crisis" by Filipa Fernandes, Alexandros Kontonikas, Serafeim Tsoukas

2014-10 "Model uncertainty in panel vector autoregressive models" by Gary Koop and Dimitris Korobilis

2014-11 "An independent Scotland’s currency options redux: Assessing the costs and benefits of currency choice" by Ronald MacDonald, CESifo Policy Group Munich

2014-12 "Atomic Cournotian traders may be Walrasian" by Giulio Codognato, Sayantan Ghosal and Simone Tonin

2014-13 "Nondictatorial Arrovian Social Welfare Functions An Integer Programming Approach" by Francesca Busetto, Giulio Codognato and Simone Tonin

2014-14 "Integer Programming on Domains Containing Inseparable Ordered Pairs" by Francesca Busetto, Giulio Codognato and Simone Tonin

2014-15 "Non-Cooperative Asymptotic Oligopoly in Economies with In finitely Many Commodities" by Sayantan Ghosal and Simone Tonin

2014-16 "On the Sources of Uncertainty in Exchange Rate Predictability" by Joseph P. Byrne, Dimitris Korobilis, and Pinho J. Ribeiro

2014-17 "The role of education in equity portfolios during the recent financial crisis" by Udichibarna Bose, Ronald MacDonald, Serafeim Tsoukas

2014-18 "Picking the right budget constraint for Scotland" by Paul Hallwood and Ronald MacDonald

2014-19 "An Empirical Assessment of Optimal Monetary Policy Delegation in the Euro Area" by Xiaoshan Chen, Tatiana Kirsanova, Campbell Leith

2014-20 "Disputes, Debt and Equity" by Alfred Duncan and Charles Nolan

2014-21 "Computing Markov-Perfect Optimal Policies in Business-Cycle Models" by Richard Dennis and Tatiana Kirsanova

2013

2013-01‌ "Infrequent Fiscal Stabilization" by Yuting Bai and Tatiana Kirsanova

2013-02‌ "Expectations Traps and Coordination Failures with Discretionary Policymaking" by Richard Dennis and Tatiana Kirsanova

2013-03‌ "Aggregate and welfare effects of long run inflation risk under inflation and price-level targeting" by Michael Hatcher

2013-04‌ "No Good Deals - No Bad Models" by Nina Boyarchenko, Mario Cerrato, John Crosby, and Stewart Hodges

2013-05‌ "On the time-varying relationship between EMU sovereign spreads and their determinants" by António Afonso, Michael G. Arghyrou, George Bagdatoglou and Alexandros Kontonikas

2013-06‌ "A new index of financial conditions" by Gary Koop and Dimitris Korobilis

2013-07‌ "Commitment vs. discretion in the UK: An empirical investigation of the monetary and fiscal policy regime" by Tatiana Kirsanova and Stephanus le Roux

2013-08‌ "How Optimal is US Monetary Policy?" by Xiaoshan Chen, Tatiana Kirsanova and Campbell Leith

2013-09‌ " Monetary policy delegation and equilibrium coordination" by Andrew P. Blake, Tatiana Kirsanova and Tony Yates

2013-10‌ "Human capital, social mobility and the skill premium" by Konstantinos Angelopoulos, James Malley and Apostolis Philippopoulos

2013-11‌ "Indexed versus nominal government debt under inflation and price-level targeting" by Michael Hather

2013-12‌ "Currency issues and options for an independent Scotland" by Ronald MacDonald

2013-13‌ "Stock market liquidity and macro-liquidity shocks: Evidence from the 2007-2009 financial crisis" by Chris Florackis, Alexandros Kontonikas and Alexandros Kostakis‌

2013-14‌ "Imperfect credibility and robust monetary policy" by Richard Dennis

2013-15‌ "Asset prices, business cycles, and Markov-Perfect fiscal policy when agents are risk-sensitive" by Richard Dennis

2013-16‌ "The optimal distribution of the tax burden over the business cycle" by Konstantinos Angelopoulos, Stylianos Asimakopoulos and James Malley

2013-17‌ "The inflation risk premium on government debt in an overlapping generations model" by Michael Hatcher

2013-18‌ "Fiscal policy in a Real-Business-Cycle model with labor-intensive government services and endogenous public sector wages and hours" by Aleksandar Vasilev

2013-19‌ "Cyclical and welfare e ffects of public sector unions in a Real-Business-Cycle model" by Aleksandar Vasilev

2013-20‌ "On the cost of rent-seeking by government bureaucrats in a Real-Business-Cycle framework" by Aleksandar Vasilev

2013-21‌ "Liquidity, moral hazard and bank crises" by S. Chatterji and S. Ghosal

2013-22‌ "Characterizing behavioral decisions with choice data" by Patricio S. Dalton and Sayantan Ghosal

2013-23‌ "Unilateral emissions mitigation, spillovers, and global learning" by Shurojit Chatterji, Sayantan Ghosal, Sean Walsh and John Whalley

2013-24‌ "Contracting over Prices" by S. Chatterji and S. Ghosal

2013-25‌ "News shocks and business cycles: bridging the gap from different methodologies" by Christoph Görtz and John D. Tsoukalas

2012

2012-01‌‎‌ "Optimal taxation and the skill premium" by Konstantinos Angelopoulos, James Malley and Apostolis Philippopoulos

2012-02‌‎‌ "Is there a role for genetics in economic development?" by Luis Angeles

2012-03‌‎‌ "Uncertain fiscal consolidations" by Huixin Bi, Eric M. Leeper and Campbell Leith

2012-04‌‎‌ "Large time-varying parameter VARs" by Gary Koop and Dimitris Korobilis

2012-05‌‎‌  "Market familiarity and the location of South and North MNEs" by Celine Azemar, Julia Darby, Rodolphe Desbordes and Ian Wooton (forthcoming in the Journal of Economics and Politics)

2012-06‌‎‌ "Why do UK banks securitize?" by Mario Cerrato, Moorad Choudhry, John Crosby and John Olukuru

2012-07‌‎‌ "Social capital formation across space: proximity and trust in European regions" by Giorgio Fazio and Luciano Lavecchia

2012-08‌‎‌ "The response of the external finance premium in Asian corporate bond markets to financial characteristics, financial constraints and two financial crises" by Paul Mizen and Serafeim Tsoukas

2012-09‌‎‌ "Financial health, exports, and firm survival: Evidence from UK and French firms" by Holger Gőrg and Marina-Eliza Spaliara

2012-10‌‎ "Pareto or log-normal? A recursive-truncation approach to the distribution of (all) cities" by Giorgio Fazio and Marco Modica

2012-11 "Stock market reaction to fed funds rate surprises: state dependence and the financial crisis" by Alexandros Kontonikas, Ronald MacDonald and Aman Saggu

2012-12 "Bayesian forecasting with highly correlated predictors" by Dimitris Korobilis

2012-13 "Fiscal Sustainability in a New Keynesian Model - Additional Appendix" by Campbell Leith and Simon Wren-Lewis

2012-14 "The determinants of sovereign bond yield spreads in the EMU" by António Afonso, Michael G. Arghyrou, Alexandros Kontonikas

2012-15 "On the causes of the African Slave Trade" By Luis Angeles

2012-16 "Why do firms issue abroad? Lessons from onshore and offshore corporate bond finance in Asian emerging markets" by Paul Mizen, Frank Packer, Eli Remolona and Serafeim Tsoukas

2012-17 "What promotes greater use of the corporate bond market? A study of the issuance behaviour of firms in Asia" by Paul Mizen and Serafeim Tsoukas

2012-18  "Escaping Expectation Traps: How Much Commitment is Required?" by Christoph Himmels and Tatiana Kirsanova

2011

2011-01 "International capital flows to emerging and developing countries: national and global determinants" by Joseph P. Byrne and Norbert Fiess

2011-02 "Colonialism, elite Formation and corruption" by Luis Angeles and Kyriakos C. Neanidis

2011-03 "Institutions, property rights, and economic development in historical perspective" by Luis Angeles

2011-04"Realised and optimal monetary policy rules in an estimated markov-switching dsge model of the United Kingdom" by Xiaoshan Chen and Ronald MacDonald

2011-05  "The Fair Trade movement: an economic perspective" by Alexander Kadow

2011-06 "Time-consistent fiscal policy under heterogeneity: Conflicting or common interests?" by Konstantinos Angelopoulos, James Malley and Apostolis Philippopoulos

2011-07 "Testing for convergence from the micro-level" by Giorgio Fazio and Davide Piacentino

2011-08 "A nonlinear panel unit root test under cross section dependence" by Mario Cerrato, Christian de Peretti, Rolf Larsson and Nick Sarantis

2011-09 "Bank Type, Competition and Stability in Japanese Banking" by Hong Liu and John O.S. Wilson

2011-10 "What drives security Issuance decisions: Market Timing, Pecking Order, or both?" by Ming Dong, Chris Veld, Igor Loncarski, Jenke ter Horst

2011-11 "Why are convertible bond announcements associated with increasingly negative abnormal stock returns? An arbitrage-based explanation" by Eric Duca, Marie Dutordoir, Chris Veld, Patrick Verwijmeren

2011-12 "Corporate governance of closed corporations: Leveraged-buyouts versus employee-ownership" by Marco G.D. Guidi

2011-13  "Factors affecting audit quality in the 2007 UK Regulatory Environment: Perceptions of chief financial officers, audit committee chairs and audit engagement partners" by Vivien Beattie, Stella Fearnley, and Tony Hines

2011-14 "Transaction costs and institutions" by Charles Nolan and Alex Trew

2011-15 "Ordering policy rules with an unconditional welfare measure" by Tatiana Damjanovic, Vladislav Damjanovic and Charles Nolan

2011-16 "Adaptive continuous time Markov chain approximation model to general jump-diffusions" by Mario Cerrato, Chia Chun Lo and Konstantinos Skindilias

2011-17 "Measuring the economic significance of structural exchange rate models" by Mario Cerrato, John Crosby and Muhammad Kaleem

2011-18 "Corruption and financial intermediation in a panel of regions: cross-border effects of corruption" by Muhammad Tariq Majeed and Ronald MacDonald

2011-19 "Forecasting US bond default ratings allowing for previous and initial state dependence in an ordered probit model" by Paul Mizen and Serafeim Tsoukas

2011-20 "Productivity shocks and aggregate fluctuations in an estimated endogenous growth model with human capital" by Jim Malley and Ulrich Woitek

2011-21 "The distributional consequences of tax reforms under market distortions" by Konstantinos Angelopoulos, Wei Jiang and Jim Malley

2011-22 "Transmission of macro-liquidity shocks to liquidity-sorted stock portfolios’ returns: The role of the financial crisis" by Chris Florackis, Alexandros Kontonikas and Alexandros Kostakis

2011-23 "Debt stabilization in a Non-Ricardian economy" by Campbell Leith, Ioana Moldovan and Simon Wren-Lewis

2011-24 "Causes of corruption in European countries: history, law, and political stability" by Ronald MacDonald and Muhammad Tariq Majeed

2010

2010-01 "Industrial structure, trade and regional economics : market segmentation" by Vito Amendolagine and Gabriel Talmain

2010-02 "Who ultimately bears the burden of greater non-wage labour costs?" by Céline Azémar and Rodolphe Desbordes

2010-03 "Institutions and Economic Development. New tests and new doubts" by Luis Angeles

2010-04 "The role of institutions in cross-section income and panel data growth models: a deeper investigation on the weakness and proliferation of instruments" by Aderbal Damasceno, Ronald MacDonald and Flávio Vieira

2010-05 "A bootstrap neural network based heterogeneous panel unit root test: application to exchange rates" by Mario Cerrato, Christian de Peretti and Carole Siani

2010-06 "Spatial dynamics and convergence: the spatial AK model" by Raouf Boucekkine, Carmen Camacho and Giorgio Fabbri

2010-07 "Catching-up with the "locomotive": a simple theory" by Raouf Boucekkine and Benteng Zou

2010-08 "Financial liberalisation and industrial development in Malawi" by Grant P. Kabango and Alberto Paloni

2010-09 "Inflation and globalisation: a dynamic factor model with stochastic volatility" by Joseph P. Byrne, Fatima Kaneez and Alexandros Kontonikas

2010-10 "Interest rate co-movements, global factors and the long end of the term spread" by Joseph P. Byrne, Giorgio Fazio and Norbert Fiess 

2010-11 "Interprovincial disparities in China since the reforms: convergence or divergence?" by Farhad Noorbakhsh and Zhikai Wang

2010-12 "What is the best environmental policy? Taxes, permits and rules under economic and environmental uncertainty" by Konstantinos Angelopoulos, George Economides and Apostolis Philippopoulos

2010-13 "A panel data investigation of real exchange rate misalignment and growth" by Ronald MacDonald and Flávio Vieira

2010-14 "Equilibrium exchange rate determination and multiple structural changes" by Mario Cerrato, Hyunsok Kim and Ronald MacDonald

2010-15 "An empirical investigation of the Lucas hypothesis: the yield curve and non linearity in the money-output relationship" by Matteo Modena

2010-16 "Revisiting the Dollar-Euro permanent equilibrium exchange rate: evidence from multivariate unobserved components models" by Xiaoshan Chen and Ronald MacDonald

2010-17 "Nominal interest rates and stationarity" by Mario Cerrato, Hyunsok Kim and Ronald MacDonald

2010-18 "International evidence on the new Keynesian Phillips Curve using aggregate and disaggregate data" by Joseph P. Byrne, Alexandros Kontonikas and Alberto Montagnoli

2010-19 "Exchange rate pass through to import prices: panel evidence from emerging market economies" by Joseph P. Byrne, Aditya S. Chavali and Alexandros Kontonikas

2010-20 "Assessing the Parfit's Repugnant Conclusion within a canonical endogenous growth set-up" by Raouf Boucekkine and Giorgio Fabbri

2010-21 "Does the euro dominate Central and Eastern European money markets?" by Mario Cerrato, Alexander Kadow and Ronald MacDonald

2010-22 "Distributional and poverty consequences of globalization: a dynamic comparative analysis for developing countries" by Ronald MacDonald and Muhammad Tariq Majeed

2010-23 "Discretionary policy in a monetary union with sovereign debt" by Campbell Leith and Simon Wren-Lewis

2010-24 "Fear of model misspecification and the robustness premium" by Konstantinos Angelopoulos and James Malley

2010-25 "The EMU sovereign-debt crisis: fundamentals, expectations and contagion" by Michael G. Arghyrou and Alexandros Kontonikas

2010-26 "The distributional consequences of supply-side reforms in general equilibrium" by Konstantinos Angelopoulos, Bernardo X. Fernandez and James Malley

2010-27 "Primary commodity prices: co-movements, common factors and fundamentals" by Joseph P. Byrne, Giorgio Fazio and Norbert Fiess

2010-28 "The rise and fall of the ABS market" by Mario Cerrato

2010-29 "On monetary policy and stock market anomalies" by Alexandros Kontonikas and Alexandros Kostakis

2010-30 "Microstructure order flow: statistical and economic evaluation of nonlinear forecasts" by Mario Cerrato, Hyunsok Kim and Ronald MacDonald

2010-31 "Negative investment in China: financing constraints and restructuring versus growth" by Sai Ding, Alessandra Guariglia and John Knight

2010-32 "Does China overinvest? Evidence from a panel of Chinese firms" by Sai Ding, Alessandra Guariglia and John Knight

2010-33 "Investment and financing constraints in China: does working capital management make a difference?" by Sai Ding, Alessandra Guariglia and John Knight

2010-34 "Corruption and the military in politics: theory and evidence from around the world" by Muhammad Tariq Majeed and Ronald MacDonald

2010-35 "First-and second-best allocations under economic and environmental uncertainty" by Konstantinos Angelopoulos, George Economides and Apostolis Philippopoulos

2009

2009-01 "Climbing to the top? Foreign direct investment and property rights" by Fathi Ali, Norbert Fiess and Ronald MacDonald

2009-02 "Government spending composition, technical change and wage inequality" by Guido Cozzi and Giammario Impullitti

2009-03 "International corporate taxation and US multinationals' behavior: an integrated approach" by Céline Azémar

2009-04 "Public governance, health and foreign direct investment in Sub-Saharan Africa" by Céline Azémar and Rodolphe Desbordes

2009-05 "3-Regime symmetric STAR modeling and exchange rate reversion" by Mario Cerrato, Hyunsok Kim and Ronald MacDonald

2009-06 "Promoting clean technologies under imperfect competition" by Théophile T. Azomahou, Raouf Boucekkine and Phu Nguyen-Vanc

2009-07 "Environmental negotiations as dynamic games: why so selfish?" by Raouf Boucekkine, Jacek B. Krawczyk and Thomas Vallée

2009-08 "Adaptation and anticipation effects to life events in the United Kingdom" by Luis Angeles

2009-09 "Adaptation or social comparison? The effects of income on happiness" by Luis Angeles

2009-10 Paper has been withdrawn

2009-11 "Electoral uncertainty and the deficit bias in a New Keynesian Economy" by Campbell Leith and Simon Wren-Lewis

2009-12 "Do political incentives matter for tax policies? Ideology, opportunism and the tax structure" by Konstantinos Angelopoulos, George Economides and Pantelis Kammas

2009-13 "Exchange rate forecasters’ performance: evidence of skill? by Ronald MacDonald, Lukas Menkhoff and Rafael R. Rebitzky

2009-14 "Why the rich should like R&D less" by Guido Cozzi

2009-15 "Technology shocks and aggregate fluctuations in an estimated hybrid RBC model" by Jim Malley and Ulrich Woitek

2009-16 "Dynamic option adjusted spread and the value of mortgage backed securities" by Mario Cerrato and Abdelmadjid Djennad

2009-17 "A new test of the real interest rate parity hypothesis: bounds approach and structural breaks" by George Bagdatoglou and Alexandros Kontonikas

2009-18 "When is monetary policy all we need?" by Fabian Eser, Campbell Leith and Simon Wren-Lewis

2009-19 "Science-based R&D in Schumpeterian growth" by Guido Cozzi and Silvia Galli

2009-20 "Upstream innovation protection: common law evolution and the dynamics of wage inequality" by Guido Cozzi and Silvia Galli

2009-21 "Maintenance and investment: complements or substitutes? A reappraisal" by Raouf Boucekkine, Giorgio Fabbri and Fausto Gozzi

2009-22 "On the distributional consequences of epidemics" by Raouf Boucekkine and Jean-Pierre Laffargue

2009-23 "Productivity shocks and aggregate cycles in an estimated endogenous growth model" by Jim Malley and Ulrich Woitek

2009-24 "Short-run strategies for attracting Foreign Direct Investment" by Céline Azémar and Rodolphe Desbordes

2009-25 "An investigation of customer order flow in the foreign exchange market" by Mario Cerrato, Nicholas Sarantis and Alex Saunders

2009-26 "Technical Appendix-3-Regime asymmetric STAR modeling and exchange rate reversion" by Mario Cerrato, Hyunsok Kim and Ronald MacDonald

2009-27 "Optimal martingales and American option pricing" by Mario Cerrato and Abdollah Abbasyan

2009-28 "A nonlinear panel unit root test under cross section dependence" by Mario Cerrato, Christian de Peretti, Rolf Larsson and Nick Sarantis (re-issued as Discussion paper 2011-08)

2009-29 "The evolution of ideology, fairness and redistribution" by Alberto Alesina, Guido Cozzi, and Noemi Mantovan

2009-30 "The fractal nature of inequality in a fast growing world: new version" by Guido Cozzi and Fabio Privileggi

2009-31 "A spatial multilevel analysis of Italian SMEs Productivity" by Giorgio Fazio and Davide Piacentino

2009-32 "Monetary and fiscal policy under deep habits" by Campbell Leith, Ioana Moldovan and  Raffaele Rossi

2009-33 "Colonialism, European descendants and democracy" by Luis Angeles

2009-34 "Sustainability, optimality, and viability in the Ramsey model" by Noël Bonneuil and Raouf Boucekkine

2009-35 "Measuring the Euro area output gap using multivariate unobserved components models containing phase shifts" by Xiaoshan Chen and Terence C. Mills

2008

2008-01 "Privatization of knowledge: did the U.S. get it right?" by Guido Cozzi and Silvia Galli

2008-02 "Can social norms affect the international allocation of innovation?" by Guido Cozzi

2008-03 "Uncertainty averse bank runners" by Guido Cozzi and Paolo E. Giordani

2008-04 "Multinational firms' heterogeneity in tax responsiveness: the role of transfer pricing" by Céline Azémar and Gregory Corcos

2008-05 "Tax structure, growth and welfare in the UK" by Konstantinos Angelopoulos, Jim Malley and Apostolis Philippopoulos

2008-06 "Ambiguity attitude, R&D investments and economic growth" by Guido Cozzi and Paolo E. Giordani

2008-07 "Dynamic option adjusted spread and the value of mortgage backed securities" by Mario Cerrato and Abdelmadjid Djennad

2008-08 Paper has been withdrawn

2008-09 "Economics of 'Policy-Induced' fragmentation: the costs of closures regime to West Bank and Gaza" by Sebnem Akkaya, Norbert Fiess, Bartlomiej Kaminski and Gael Raballand

2008-10 "The global dimension to fiscal sustainability" by Joseph P. Byrne, Norbert Fiess and Ronald MacDonald

2008-11 "Optimal firm behavior under environmental constraints" by Raouf Boucekkine, Natali Hritonenko and Yuri Yatsenko

2008-12 "Valuing American derivatives by least squares methods" by Mario Cerrato

2008-13 "Promoting clean technologies: the energy market structure crucially matters" by Théophile T. Azomahou, Raouf Boucekkine and Phu Nguyen-Vanc

2008-14 "The global side of the investments-savings puzzle" by Joseph P. Byrne, Giorgio Fazio and Norbert Fiess 

2008-15 "Countercyclical fiscal policy and cyclical factor utilization" by Ioana Moldovan

2008-16 "Chebyshev polynomial approximation to approximate partial differential equations" by Guglielmo Maria Caporale and Mario Cerrato

2008-17 "Export-market dynamics and the probability of firm closure: evidence for the UK" by Richard I.D. Harris and Qian Cher Li

2008-18 "Why the rich should like R&D less" by Guido Cozzi (re-issued as Discussion paper 2009-14)

2008-19 "The long run relationship between stock prices and goods prices: new evidence from panel cointegration", by Alexandros Kontonikas and Andros Gregoriou

2008-20 "Technological progress, organizational change and the size of the human resources department", by Raouf Boucekkine, Patricia Criffo and Claudio Mattalia

2008-21 "A theory of dynamics and inequalities under epidemics", by Raouf Boucekkine and Jean-Pierre Laffargue

2008-22 "Trade unions go global!", by Alejandro Donado and Klaus Wälde

2008-23 "Technology policy and wage inequality", by Guido Cozzi and Giammario Impullitti

2008-24 "Citations profile and the complexity of innovation", by Guido Cozzi and Francesco Schettino

2008-25 "Demographic transitions: analyzing the effects of mortality on fertility", by Luis Angeles

2008-26 "Do institutions matter for foreign direct investment?", by Fathi Ali, Norbert Fiess and Ronald MacDonald

2008-27 "Is the consumption-income ratio stationary? Evidence from a nonlinear panel unit root test for OECD and non-OECD countries", by Mario Cerrato, Christian de Peretti and Chris Stewart

2008-28 "Common and idiosyncratic factors of the exchange risk premium in emerging European markets" by Joseph P. Byrne and Jun Nagayasu

2008-29 "Structural breaks in the real exchange rate and real interest rate relationship", by Joseph P. Byrne and Jun Nagayasu

2008-30 "Optimal monetary policy in a new Keynesian model with habits in consumption", by Campbell Leith, Ioana Moldovan and Raffaele Rossi

2008-31 "Democratization as a cost-saving device" by Luis Angeles

2008-32 "Optimal martingales and American option pricing" by Mario Cerrato and Abdollah Abbasyan (re-issued as Discussion paper 2009-27)

2008-33 "3-Regime symmetric STAR modeling and exchange rate reversion" by Mario Cerrato, Hyunsok Kim and Ronald MacDonald (re-issued as Discussion paper 2009-05)

2008-34 "Trade liberalisation and informality: new stylized facts" by Norbert Fiess and Marco Fugazza

2008-35 "An empirical analysis of the curvature factor of the term structure of interest rates" by Matteo Modena, revised and published as 'A macroeconomic analysis of the latent factors of the yield curve: curvature and real activity' in (Gregoriou, G.N. and R. Pascalau (eds.), Financial Econometrics Modelling: Derivatives Pricing and Hedge Funds and Term Structure Models, Palgrave-MacMillan, 2011.

2008-36 "The term structure and the expectations hypothesis: a threshold model" by Matteo Modena

2008-37 "Welfare implications of public education spending rules" by Konstantinos Angelopoulos, Jim Malley and Apostolis Philippopoulos

2008-38 "Do institutions matter for economic fluctuations? Weak property rights in a business cycle model for Mexico" by Konstantinos Angelopoulos, George Economides and Vangelis Vassilatos

2007

2007-01 "Aid Effectiveness: The Role of the Local Elite" by Luis Angeles and Kyriakos C. Neanidis

2007-02 "To React or Not? Fiscal Policy, Volatility and Welfare in the EU-3" by Jim Malley, Apostolis Philippopoulos and Ulrich Woitek

2007-03 "Aid, Conflict and Human Development" by Mark McGillivray and Farhad Noorbakhsh

2007-04 "Foreign Direct Investment, Determinants and Policy Analysis: Case Study of Pakistan" by Ahmed Nawaz Hakro and Akhtiar Ahmed Ghumro

2007-05 "Bilateral Trade and Per Capita Income Convergence of Selected South Asian countries and among their ‘Major Trade Partners’" by Bashir Ahmad Fida and Ahmed Nawaz Hakro

2007-06 "Migration and Elastic Labour in Economic Development: Southeast Asia before World War II" by Giovanni Caggiano and Gregg Huff

2007-07 "Unit Roots in Inflation and Aggregation Bias" by Joseph Byrne, Alexandros Kontonikas and Alberto Montagnoli

2007-08 "Countercyclical Fiscal Policy and Cyclical Factor Utilization" by Ioana Moldovan (re-issued as Discussion paper 2008-15

2007-09 "Public Education Expenditure, Growth and Welfare" by Konstantinos Angelopoulos, Jim Malley and Apostolis Philippopoulos

2007-10 "Stock Market Valuation and Monopolistic Competition: a Dynamic Stochastic General Equilibrium Approach" by Gabriel Talmain

2007-11 "GDP Per Capita or Real Wages? Making Sense of Conflicting Views on Pre-industrial Europe" by Luis Angeles

2007-12 "Behavioural Equilibrium Exchange Rate Estimates and Implied Exchange Rate Adjustments for Ten Countries" by Ronald MacDonald and Preethike Dias

2007-13 "Euro Area Inflation Differentials: Unit Roots, Structural Breaks and Non-Linear Adjustment" by Andros Gregoriou, Alexandros Kontonikas and Alberto Montagnoli

2007-14 "Globalization and Labor Market Integration in Late Nineteenth and Early Twentieth-Century Asia" by Gregg Huff and Giovanni Caggiano

2007-15 "A Proper Farewell to Kuznets' Hypothesis" by Luis Angeles

2007-16 "Globalization, Natural Resources and Foreign Investment: A view from the resource-rich tropics" by Gregg Huff

2007-17 "Financial Transition in Pre-World War II Japan and Southeast Asia" by Gregg Huff

2007-18 "Trade Costs, Trade Balances and Current Accounts: An application of gravity to multilateral trade" by Giorgio Fazio, Ronald MacDonald and Jacques Melitz

2007-19 "Disaggregate Real Exchange Rate Behaviour" by Giorgio Fazio, Peter McAdam and Ronald MacDonald

2007-20 "Implementing Innovation in the UK National Health Service.  A Case Study in Patient Compliance" by Robin Milne and Stewart Cully

2007-21 "Do Real Interest Rates Converge? Evidence from the European Union" by  Michael Arghyrou, Andros Gregoriou and Alexandros Kontonikas

2007-22 "Learning-By-Exporting? Firm-Level Evidence for UK Manufacturing and Services Sectors" by Richard Harris and Qian Cher Li

2007-23 "Long-run Negotiations with Dynamic Accumulation" by Francesca Flamini

2007-24 "A Closer Look at the Relationship between Life Expectancy and Economic Growth" by Raouf Boucekkine, Bity Diene and Théophile Azomahou

2007-25 "How Do Epidemics Induce Behavioral Changes" by Raouf Boucekkine, Rodolphe Desbordes and Hélène Latzer

2007-26 "A Note on Global Dynamics and Imbalance Effects in the Lucas-Uzawa Model" by Raouf Boucekkine, B. Martínez and J.R. Ruiz-Tamarit

2007-27 "Bridging the Gap Between Growth Theory and the New Economic Geography: The Spatial Ramsey Model" by Raouf Boucekkine, C. Camacho and B. Zou

2007-28 "Fiscal Policy, Rent Seeking and Growth under Electoral Uncertainty.  Theory and Evidence from the OECD" by Konstantinos Angelopoulos and George Economides

2007-29 "Rent-Seeking Competition from State Coffers in a Calibrated DSGE Model of the Euro Area" by Konstantinos Angelopoulos, Apostolis Philippopoulos and Vanghelis Vassilatos

2007-30 "Does Public Sector Efficiency Matter?  Revisiting the Relation between Fiscal Size and Economic Growth in a World Sample" by Konstantinos Angelopoulos, Apostolis Philippopoulos and Efthymios Tsionas

2007-31 "The Tax Sparing Provision Influence: A Credit versus Exempt Investors Analysis" by Céline Azémar and Andrew Delios

2007-32 "How to Get Tenured" by Michael Graber, Andrey Launov and Klaus Wälde

2007-33 "Natural Volatility, Welfare and Taxation" by Olaf Posch and Klaus Wälde

2007-34 "Pareto-Improving Unemployment Policies" by Jörg Lingens and Klaus Wälde

2007-35 "Do Institutions Matter for Economic Fluctuations? Weak Property Rights in a Business Cycle Model for Mexico" by Konstantinos Angelopoulos, George Economides and Vangelis Vassilatos (re-issued as Discussion paper 

2007-36 "A Re-examination of the Link between Real Exchange Rates and Real Interest Rate Differentials" by Mathias Hoffmann and Ronald MacDonald

2007-37 "IMF Support and Inter-regime Exchange Rate Volatility" by Ivo J.M. Arnold, Ronald MacDonald and Casper G. de Vries

2007-38 "Estimating the Demand for Union-Led Learning in Scotland" by Jeanette Findlay, Patricia Findlay and Chris Warhurst

2007-39 "The Contribution of Sectoral Productivity Differentials to Inflation in Greece" by Heather D. Gibson and Jim Malley

2007-40 "How Should the Government Allocate its Tax Revenues between Productivity-Enhancing and Utility-Enhancing Public Goods?" by George Economides, Hyun Park and Apostolis Philippopoulos

2007-41 "Euro Area Inflation: Aggregation Bias and Convergence" by Joseph P. Byrne and Norbert Fiess

2007-42 "Countercyclical Taxes in a Monopolistically Competitive Environment" by Ioana Moldovan

2007-43 "Child's Play? Skills, Regulation and Reward amongst 'Early Years' Workers" by Jeanette Findlay (2007-43-Tables)

2007-44 "Rule of Thumb Consumers, Public Debt and Income Tax" by Raffaele Rossi

2007-45 "The Fractal Nature of Inequality in a Fast Growing World" by Guido Cozzi and Fabio Privileggi (re-issued as Discussion paper 2009-30)

2006

2006-01 "Uncertainty Determinants of Corporate Liquidity" by C.F. Baum, M. Caglayan, A. Stephan and O. Talavera

2006-02 "A Note on the Empirics of the Neoclassical Growth Model" by G. Caggiano and L. Leonida

2006-03 "International Convergence and Inequality of Human Development: 1975 - 2001" by F. Noorbakhsh

2006-04 "The Belarusian Case of Transition: Whither Financial Repression?" by J. Korosteleva and C. Lawson

2006-05 "Maximising Seigniorage and Inflation Tax: The Case of Belarus" by J. Korosteleva

2006-06 "Monetary and Fiscal Policy Interactions in a New Keynesian Model with Capital Accumulation and Non-Ricardian Consumers" by C. Leith and L. von Thadden

2006-07 "Governance of the Regulatory Decision Making Process" by B. Quinn

2006-08 "Reexamining the Linkages between Inflation and Output Growth: A Bivariate ARFIMA-FIGARCH Approach" by M. Caglayan and F. Jiang

2006-09 "US Trade and Exchange Rate Volatility: A Real Sectoral Bilateral Analysis" by J. Byrne, J. Darby and R. MacDonald

2006-10 "Unit Roots and Structural Breaks: A Survey of the Literature" by J. Byrne and R. Perman

2006-11 "Fiscal Sustainability in a New Keynesian Model" by C. Leith and S. Wren-Lewis

2006-12 "The Impact of Monetary Policy on Stock Prices" by C Ioannidis and A Kontonikas

2006-13 "Capital Account Openness and Bankruptcies" by L. Angeles

2006-14 "A Restatement of the Case for Fiscal Autonomy (or: The Barnett Formula - a formula for Rake's Progress)" by P. Hallwood and R. MacDonald

2006-15 "Monetary Policy Shocks and Stock Returns: Evidence from the British Market" by A. Gregoriou, A. Kontonikas, R. MacDonald and A. Montagnoli

2006-16 "The Productivity Impact of Skills in English Manufacturing, 2001: Evidence from Plant-Level Matched Data" by R. Harris, Q. Li and C. Robinson

2006-17 "Informal Labor Markets and Macroeconomic Fluctuations" by N. Fiess, M. Fugazza and W.F. Maloney

2006-18 "Exporting, FDI, and Labour Demand Adjustment: Evidence from the UK Manufacturing" by Q. Li and S. Girma

2006-19 "Exporting, R&D and Absorptive Capacity in UK Establishments: Evidence from the 2001 Community Innovation Survey" by R. Harris and Q. Li

2006-20 "International Output Convergence: Evidence from an AutoCorrelation Function Approach" by G. Caggiano and L. Leonida

2005

2005-01 "An Investigation into the Linkages between Euro and Sterling Swap Spreads" by Somnath Chatterjee

2005-02 "Application of the Kalman Filter for estimating Continuous Time Term Structure Models: The Case of UK and Germany" by Somnath Chatterjee

2005-03 "Openness and growth in alternative trading regimes. Evidence from EEC and CMEA’s customs unions" by Rosa Capolupo and Giuseppe Celi

2005-04 "The New Growth Theories and their Empirics" by Rosa Capolupo

2005-05 "Strategic Effects and Incentives in Multi-issue Bargaining Games" by Francesca Flamini

2005-06 "Bargaining and Investment" by Francesca Flamini

2005-07 "Nelson-Plosser revisited: the ACF approach" by Karim Abadir, Giovanni Caggiano and Gabriel Talmain

2005-08 "Human Development and the World Bank Adjustment Programmes in Sub-Saharan Africa" by Farhad Noorbakhsh and Shadan Noorbakhsh

2005-09 "Optimal Monetary Policy and Asset Price Misalignments" by Alexandros Kontonikas and Alberto Montagnoli

2005-10 "Inflation Targeting and the Stationarity of Inflation: New Results from an ESTAR Unit Root Test" by Andros Gregoriou and Alexandros Kontonikas

2005-11 "Stock Returns and Inflation: The Impact of Inflation Targeting" by Alexandros Kontonikas, Alberto Montagnoli and Nicola Spagnolo

2005-12 "Modeling the Non-Linear Behaviour of Inflation Deviations from the target" by Andros Gregoriou and Alexandros Kontonikas

2005-13 "The Euro and Inflation Uncertainty In The EMU" by Guglielmo Mario Caporale and Alexandros Kontonikas

2005-14 "Business Cycle Synchronization and Regional Integration: A Case Study for Central America" by Norbert Fiess

2005-15 "Exchange Rate Appreciations, Labor Market Rigidities, and Informality" by Norbert Fiess and Marco Fugazza and William Maloney

2005-16 "Regime-switching in Exchange Rate Policy and Balance Sheet Effects" by Norbert Fiess and Rashmi Shankar

2005-17 "Analyzing the Interaction of Monetary and Fiscal Policy: Does Fiscal Policy Play a Valuable Role in Stabilisation?" by V. Anton Muscatelli and Patrizio Tirelli

2005-18 "How do Sub-Central Government react to cuts in grants received from Central Governments Evidence from a Panel of 15 OECD Countries" by Julia Darby, V. Anton Muscatelli and Graeme Roy

2005-19 "Fiscal and Monetary policy Interactions in a New Keynesian Model with Liquidity Constraints" by V. Anton Muscatelli, Patrizio Tirelli and Carmine Trescroci

2005-20 "Macroeconomic Adjustment in the Euro-area: The Role of Fiscal Policy" by V. Anton Muscatelli, Tiziano Ropele and Patrizio Tirelli

2005-21 "Fiscal Federalism and Fiscal Consolidation: Evidence from an Event Study" by Julia Darby, V. Anton Muscatelli and Graeme Roy

2005-22 "Fundamental Volatility is Regime Specific" by Ivo J.M. Arnold, Ronald MacDonald and Casper G. de Vries

2005-23 "The Costs of Fiscal Inflexibility" by Campbell Leith and Simon Wren-Lewis

2005-24 "Financing options for Devolved Government in the UK" by James Gallagher and Daniel Hinze

2005-25 "Cadaveric vs. Live-Donor Kidney Transplants: The Interaction of Institutions and Inequality" by Nejat Anbarci and Mustafa Caglayan

2005-26 "The Impact of Macroeconomic Uncertainty on Non-Financial Firms’ Demand for Liquidity" by Christopher F. Baum, Mustafa Caglayan, Neslihan Ozkan and Oleksandr Talavera

2005-27 "The Second Moments Matter: The Response of Bank Lending Behavior to Macroeconomic Uncertainty" by Christopher F. Baum, Mustafa Caglayan and Neslihan Ozkan

2004

2004-01 "A Regional Core, Adjacent, Periphery Model for National Economic Geography Analysis" by Henk J.E.M. Brand

2004-02 "Fiscal Consolidation and Decentralisation: A Tale of Two Tiers" by Julia Darby, V. Anton Muscatelli and Graeme Roy

2004-03 "Sticky Prices, Limited Participation or Both?" by Niki Papadopoulou

2004-04 "Sticky Prices vs Limited Participation: What do we Learn from the Data?" by Peter Ireland and Niki Papadopoulou

2004-05 "Spatial inequality and polarisation in India" by Farhad Noorbakhsh

2004-06 "The importance of a better design of conditionality for improving implementation of World Bank-supported reforms: The case of Sub-Saharan African countries" by Paul Mosley, Farhad Noorbakhsh and Alberto Paloni

2004-07  "Should the Exchange Rate be in the Monetary Policy Objective Function?" by Tatiana Kirsonova, Campbell Leith and Simon Wren-Lewis

2003

2003-01 "Regional Integration and Migration: An Economic Geography Model with Heterogeneous Labour Force" by Nicola D. Coniglio

2003-02 "Currency Boards and Chinese Banking Development in pre-World War II Southeast Asia: Malaya and the Philippines" by W. G. Huff

2003-03 "Linking Current and Future Negotiations" by Francesca Flamini

2003-04 "Settlement versus Litigation in Environmental Damage Cases" by Francesca Flamini, Nick Hanley and W. Douglass Shaw

2003-05 "Central Bank Instruments, Fiscal Policy Regimes, and the Requirements for Equilibrium Determinacy" by Andreas Schabert

2003-06 "On the Equivalence of Money Growth and Interest Rate Policy" by Andreas Schabert

2003-07 "A Sectoral Analysis of Price-Setting Behavior in US Manufacturing Industries" by Campbell Leith and Jim Malley

2003-09 "Assessing Money Supply Rules" by Ibrahim Chowdhury and Andreas Schabert

2003-10 "Identifying Monetary Policy Shocks with Changes in Open Market Operations" by Andreas Schabert

2003-11 "Augmented Sustainability Measures for Scotland" by John Pezzey, Nick Hanley, Karen Turner and Dugald Tinch

2003-12 "Human Development and Regional Disparities in India" by Farhad Noorbakhsh

2003-13 "The Impact of River Flow Restrictions on Instruments to Control NonPoint Nitrate Pollution" by Ashar Aftab, Nick Hanley, Athanasios Kampas and David Ogelthorpe

2003-14 "Mixed Instrument Policies to Control NonPoint Source Nitrate Pollution" by Ashar Aftab, Nick Hanley, Athanasios Kampas and David Ogelthorpe

2003-15 "A Note on Agenda Restrictions in Multi-Issue Bargaining" by Francesca Flamini

2003-16 "Electoral Uncertainty, Fiscal Policies and Growth: Theory and Evidence from Germany, the UK and the US" by George Economides, Jim Malley, Apostolis Philippopoulos and Ulrich Woitek

2003-17 "The Dynamics of Spatial Inequality and Polarisation in Iran" by Farhad Noorbakhsh

2003-18 "Fiscal Policy, Macroeconomic Stability and Finite Horizons" by Javier Andres, R. Domenech and C. Leith

2003-19 "Inflation Dynamics and the Cost Channel of Monetary Transmission" by Ibrahim Chowdhury, Mathias Hoffmann and Andreas Schabert

2002

2002-01 "A Method to Estimate the Magnitude of "Hypothetical Bias" in Stated Preference Surveys of Passive-use Value" by Felix Schläpfer and Nick Hanley

2002-02 "Calibration of Stated Willingness to Pay for Public Goods with Voting and Tax Liability Data: Provision of Landscape Amenities in Switzerland" by Felix Schläpfer and Nick Hanley

2002-03 "Efficiency Wages, Unemployment and Macroeconomic Policy" by Jim Malley and Hassan Molana

2002-04 "Do Central Banks have Precautionary Demands for Expansions and for Price Stability? - Theory and Evidence" by Alex Cukierman and Anton Muscatelli

2002-05 "Dynamic Accumulation in Bargaining Games" by Francesca Flamini

2002-06 "Trade and Competition Policy: Anti-Dumping versus Anti-Trust" by Ian Wooton and Maurizio Zanardi

2002-07 "Wages, Productivity and Work Intensity in the Great Depression" by Julia Darby and Robert A Hart

2002-08 "Estimated Open Economy New Keynesian Phillips Curves for the G7" by Campbell Leith and Jim Malley

2002-09 (not currently available online) "Valuing the Benefits of Coastal Water Quality Improvements using Contingent and Real Behaviour" by Nick Hanley, David Bell and Begona Alvarez-Farizo

2002-10 "What's it Worth? Exploring Value Uncertainty using Interval Questions in Contingent Valuation" by Nick Hanley and Bengt Kristrom

2002-11 "Interactions Between Monetary and Fiscal Policy under Flexible Exchange Rates" by Campbell Leith and Simon Wren-Lewis

2002-12 "Fiscal Federalisam and Fiscal Autonomy: Lessons for the UK from other Industrialised Countries" by Julia Darby, Anton Muscatelli and Graeme Roy

2002-13 "Monetary and Fiscal Policy Interactions over the Cycle: Some Empirical Evidence" by Anton Muscatelli, Patrizio Tirelli and Carmine Trecroci

2002-14 "Taylor Rules in the Open Economy" by Campbell Leith and Simon Wren-Lewis

2002-15 "Antidumping: What are the Numbers?" by Maurizio Zanardi

2002-16 "Manufacturing Earnings and Cycles: New Evidence" by Robert A. Hart, James R. Malley and Ulrich Woitek

2002-17 "The Life-Cycle-Permanent-Income Model: A Reinterpretation and Supporting Evidence" by James R. Malley and Hassan Molana

2001

2001-01 "Human Development and Regional Disparities in Iran: A Policy Model" by Farhad Noorbakhsh

2001-02 "Real Wages and the Cycle: The View from the Frequency Domain" by Bob Hart, Jim Malley, and Ulrich Woitek

2001-03 "ARCH in the G7 Equity Markets: A Speculative Explanation" by Lee Redding

2001-04 "Risk perceptions, risk-reducing behaviour and willingness to pay: radioactive contamination in food following a nuclear accident" by Nick Hanley, Jorunn Grande, Begoña Álvarez-Farizo, Carol Salt, and Mike Wilson

2001-05 Stevenson Lectures in Citizenship

  • "Making Welfare Work: the Politics of Reform" by Frank Field
  • "EU Enlargement and the Future of the Welfare State" by Hans-Werner Sinn
  • "Globalization and the Future of Social Protection" by Vito Tanzi.

2001-06 "Real Exchange Rates in the Long Run: Evidence from Historical Data" by V. Anton Muscatelli, Franco Spinelli, and Carmine Trecroci (2001-06-figures

2001-07 "What determines the demand for programmes providing local environmental public goods?" by Nick Hanley and Felix Schläpfer

2001-08 "Contingent valuation and real referendum behaviour" by Felix Schläpfer, Anna Roschewitz, and Nick Hanley

2001-09 "Grain Price Fluctuations and Witch Hunting in Bavaria" by Jörg Baten and Ulrich Woitek

2001-10 "Equity Style Cycles - Stylized Facts and International Evidence" by Bernhard Röck and Ulrich Woitek

2001-11 "Regional Tax Coordination and Foreign Direct Investment" by Andreas Haufler and Ian Wooton

2001-12 "Using conjoint analysis to quantify public preferences over the environmental impacts of wind farms" by Begoña Álvarez-Farizo and Nick Hanley

2001-13 "Unemployment and the Productivity Slowdown: A Labour Supply Perspective" by Campbell Leith and Chol-Won Li

2001-14 "Wage Inequality and The Effort Incentive Effects of Technological Progress" by Cecilia García-Peñalosa, Campbell Leith and Chol-Won Li

2001-15  "Compatibility Between Monetary and Fiscal Policy Under EMU" by Campbell Leith and Simon Wren-Lewis

2001-16 "Estimated General Equilibrium Models for the Evaluation of Monetary Policy in the US and Europe" by Campbell Leith and Jim Malley

2001-17 "The Empirical Relevance of a Basic Sticky-Price Intertemporal Model" by Massimo Giuliodori

2001-18 "An Empirical Investigation of the Factors which Increase the Likelihood of Reforms in the World Bank Programme Countries" by Farhad Noorbakhsh and Alberto Paloni

2001-19 "First Things First? The Agenda Formation Problem for Multi-Issue Committees" by Francesca Flamini

2000

2000-01 "Adam Smith: An Historical Perspective on the Wealth of Nations" by Andrew Skinner

2000-02 "Rational Investment Behavior and Seasonality in Early Modern Grain Prices" by Walter Bauernfeind, Michael Reutter, and Ulrich Woitek

2000-03 "Adam Smith on the Mercantile System: The Unnecessary Loss of America?" by Andrew Skinner

2000-04 "Cabinet Formation in Coalition Systems" by Fabrizio Carmignani

2000-05 "E H Chamberlin: Oligopoly, and Oligopolistic Interdependence: The Issue of Space" by Andrew Skinner

2000-06 "On Policy Implications of Endogenous Technological Progress" by Chol-Won Li

2000-07 "Did Monetary Forces Cause the Great Depression? A Bayesian VAR Analysis for the U.S. Economy" by Albrecht Ritschl and Ulrich Woitek

2000-08 "Monetary Policy on the Road to EMU: The dominance of External Constraints on Domestic Objectives" by Anton Muscatelli, Patrizio Tirelli, and Carmine Trecroci

2000-09 "Growth and Scale Effects: The Role of Knowledge Spillovers" by Chol-Won Li

2000-10 "Central Bank Goals, Institutional Change and Monetary Policy: Evidence from the US and UK" by Anton Muscatelli and Carmine Trecroci (2000-10-Figures)

2000-11 "Modelling Recreation Demand Using Choice Experiments: Climbing in Scotland" by Nick Hanley, Robert E. Wright and Gary Koop

2000-12 "Evaluating Alternative 'Countermeasures' against Food Contamination resulting from Nuclear Accidents" by Nick Hanley, Carol A. Salt, Mike Wilson, and Meara Culligan-Dunsmore

2000-13 Rationing an Open-Access Resource: Mountaineering in Scotland" by Nick Hanley, Begoña Álvarez-Farizo, and W Douglass Shaw

2000-14 "Wages, Work Intensity and Unemployment in Japan, UK and USA" by Julia Darby, Robert A Hart, and Michela Vecchi

2000-15 "Economic and Participatory Approaches to Environmental Evaluation" by Wendy Kenyona and Nick Hanley

2000-17 "Some New International Comparison of Productivity Performance at the Sectoral Level" by Jim Malley, Anton Muscatelli and Ulrich Woitek (2000-17 figures)

2000-19 "Do Excessive Wages Increase Imports? Theory and Evidence" by Jim Malley and Thomas Moutos

2000-20 "Monopolistic Competition, Efficiency Wages and the Perverse Effects of Demand Shocks" Jim Malley and Hassan Molana

2000-22 "Asset Markets and Endogenous Liquidity" by Lee Redding and Hamid Faruqee

1999

1999-01 "Endogenous vs. Semi-Endogenous Growth in a Two-R&D-Sector Model" by Chol-Won Li

1999-02 "Further Observations on the Political Business Cycle in German Monetary Aggregates" by Helge Berger and Ulrich Woitek

1999-03 "'Hot Markets', Conditional Volatility, and Foreign Exchange" by Hamid Faruqee and Lee Redding

1999-04 "Moral Hazard and Guarantee Arrangements: A Case Study of Lloyd’s" by Andrew Bain

1999-05 "Are There Classical Business Cycles?" by Michael Reiter and Ulrich Woitek

1999-06 "Can Risk Aversion Explain The Demand for Dividends?" by Lee Redding

1999-07 "The implementation of policy conditions in structural adjustment programmes: The case of Sub-Saharan African countries" by Farhad Noorbakhsh and Alberto Paloni

1999-08 "Rivalry in Uncertain Export Markets: Commitment versus Flexibility" by Gerda Dewit and Dermot Leah

1999-09 "Fighting over Uncertain Demand: Capital Commitment versus Flexibility" by Gerda Dewit and Dermot Leahy

1999-10 "More International Evidence on the Historical Properties of Business Cycles" by Brian A'Hearn and Ulrich Woitek

1999-11 "Competitive tendering in the Scottish National Health Service. Was it compulsory, and did it make a difference?" by Robin Milne and Robert Wright

1999-13 "On the Cyclicality and Stability of Real Earnings" by Bob Hart and Jim Malley

1999-14 "Endogenous Liquidity Providers and Exchange Rate Dynamics (Supplementary Material)" by Hamid Faruqee and Lee Redding

1999-15 "Real Business Cycles or Sticky Prices? The Impact of Technology Shocks on US Manufacturing" by Jim Malley, Anton Muscatelli, and Ulrich Woitek

1999-16 "Measures of Political Instability in Multiparty Governments: A New Data Set With Econometric Applications" by Fabrizio Carmignani

1999-17 "A Note on Testing for Tax-Smoothing in General Equilibrium" by Jim Malley and Apostolis Philippopoulos

1999-18 "Economic Growth and Endogenous Fiscal Policy: In Search of a Data Consistent General Equilibrium Model" by Jim Malley and Apostolis Philippopoulos

1999-19 "Low wages or skilled labour? Prospects for foreign direct investment in developing countries" by Farhad Noorbakhsh, Alberto Paloni and Ali Youssef

1999-20 "Does Institutional Change Really Matter? Inflation Targets, Central Bank Reform And Interest Rate Policy in the OECD Countries" by Anton Muscatelli, Patrizio Tirelli and Carmine Trecroci

1999-21 "Purchasing Power Parity and Real Exchange Rates: Do Productivity Trends and Fiscal Policy Matter?" by Anton Muscatelli and Franco Spinelli (1999-21 figures)

1999-22  "Testing for Tax Smoothing in a General Equilibrium Model of Growth" by Jim Malley, Apostolis Philippopoulos, and George Economides

1998

1998-01 "Inflation Contracts And Inflation Targets Under Uncertainty: Why We Might Need Conservative Bankers" by Anton Muscatelli

1998-02 "Labour Force Participation and the Business Cycle: A Comparative Analysis of Europe, Japan and the United States" by Julia Darby, Robert A Hart, and Michaela Vecchi

1998-03 "The State of Industry in Sub-Saharan African Countries Undertaking Structural Adjustment Programmes" by Farhad Noorbakhsh and Alberto Paloni

1998-04 "Fiscal Policy and the Composition of Private Consumption: Some Evidence from the U.S. and Canada" by Jim Malley and Hassan Molana

1998-05 "The Interaction Between Business Cycles and Productivity Growth: Evidence from US Industrial Data" by Jim Malley, Anton Muscatelli, and Ulrich Woitek

1998-06 "Modelling Stock Market Excess Returns by Markov Modulated Gaussian Noise" by Jonathan Manton, Anton Muscatelli, Vikram Krishnamurthy, and Stan Hurn

1998-07 "Adam Smith: The Philosopher and the Porter" by Andrew Skinner

1998-08 "Risky Business: Intra-Firm Trade with Foreign Commercial Risk and Asymmetric Insurance" by Gerda Dewit

1998-09 "Economic Geography and the Fiscal Effects of Regional Integration" by Rodney D. Ludema and Ian Wooton

1998-10 "Growth and Output Fluctuations" by Chol-Won Li (Revised in October 1998)

1998-11 "Height Cycles in the 18th and 19th Centuries" by Ulrich Woitek

1998-12 "International Competition for Foreign Multinational Investment" by Jan I. Haaland and Ian Wooton

1998-13 "A Note on the Baxter-King Filter" by Ulrich Woitek

1998-14 "Does Conservatism Matter? A Time Series Approach to Central Banking" by Helge Berger and Ulrich Woitek

1998-15 "Institutional Change, Inflation Targeting and the Stability of Interest Rate Reaction Functions" by V. Anton Muscatelli, Patrizio Tirelli, and Carmine Trecroci

1998-16 "The Economic Growth of Serious and Less Serious Reformers: A Look at Structural Adjustment Programmes in Sub-Saharan Africa" by Farhad Noorbakhsh and Alberto Paloni

1998-17 "Integrating Environmental Impact Assessment and Economic Appraisal in Project Planning" by Farhad Noorbakhsh and Sanjeev Ranjan

1998-18 "Stochastic Variety Innovation in a Growth Model" by Chol-Won Li

1998-19 "Endogenous Growth Without Scale Effects: Comment" by Chol-Won Li (Revised in January 1999)

1998-20 "Capital Accumulation and Unemployment: A Tale of Two 'Continents'" by Jim Malley and Thomas Moutos

1998-21 "Real Wages and the Structure of Imports: Theory and Evidence" by Jim Malley and Thomas Moutos

1998-22 "Political Uncertainty, Public Expenditure and Growth" by Julia Darby, Chol-Won Li and V. Anton Muscatelli

1997

1997-01 "Structural Adjustments and Standards of Living in Developing Countries" by Farhad Noorbakhsh

1997-02 "Country Size and Tax Competition for Foreign Direct Investment" by Andreas Haufler and Ian Wooton

1997-03 "Adam Smith: The French Connection" by Andrew S. Skinner

1997-04 "Regional Integration, Trade, and Migration: Are Demand Linkages Relevant in Europe?" by Rodney D. Ludema and Ian Wooton

1997-05 "A Growth Model with Quality and Variety Innovations" by Chol-Won Li (Revised in January 1998)

1997-06 "Dynamic Complexity in a Keynesian Growth Cycle Model: Harrod's Instability Revised" by Mario C. Sportelli

1997-07 "Fiscal Policy and Imperfectly Credible Inflation Targets: Should We Appoint Expenditure-Conservative Central Bankers?" by M. Lossani, P. Natale, and P. Tirelli

1997-08 "The Permanent Income Hypothesis Revisited. Reconciling Evidence from Aggregate Data with the Representative Consumer Behaviour" by Jim Malley and Hassan Molana

1997-09 "Government Employment and Unemployment: With One Hand Giveth, The Other Taketh" by Jim Malley and Thomas Moutos

1997-10 "Ideological Polarisation, Coalition Governments and Delays in Stabilisation" by Chiara Dalle Nogare

1997-11 "Output Taxation, Human Capital and Growth" by Rosa Capolupo

1997-12 "Uncertainties Surrounding Natural Rate Estimates in the G7" by Rod Cross, Julia Darby, and Jonathan Ireland. (Appendix 1997-12, Charts 1997-12, Tables 1997-12)

1997-13 "Could Southern Italians Cooperate? Banche Popolari in the Mezzogiorno" by Brian A'Hearn

1997-14 "Assessing the Effect of Structural Adjustment Programmes on Export Performance in Developing Countries" by Farhad Noorbakhsh and Alberto Paloni

1997-15 "Science, Diminishing Returns and Long Waves" by Chol-Won Li (Revised in March 1998)

1997-16 "Insurance Spirals and the Lloyd's Market" by Andrew Bain

1996

1996-01  "Flexibility, Structural Change and the Global Economy" by Anton Muscatelli

1996-02 "Competition and Co-operation in the Small Firm Sector" by Christine Oughton and Geoff Whittam

1996-03 "Industrial Structure, Pricing and Stagnation: a Model in the Spirit of Kaldor, Kalecki and Steindl" by J.E. King and R.J. Rimmer

1996-04 "Stagnation, Nonlinearity and Chaos" by Russell Rimmer

1996-05 "Business Cycles and Productivity Growth: Are Temporary Downturns Productive or Wasteful?" by J. Malley and V.A. Muscatelli

1996-06 "Institutional Change, Inflation Targets and the Stability of Interest Rate Reaction Functions in OECD Economies" by Anton Muscatelli and Patrizio Tirelli (1996-06-figures)

1996-07 "Boundary Conditions for Optimal Impulse Control of a One Dimensional Wiener Process" by A. Sivanantham and K.A. Lindsay

1996-08 "Zero Threshold Restoration of an Infinite Horizon Impulse Controlled Stochastic System" by A. Sivananthan and K.A. Lindsay

1996-09 "Inequality and Growth: A Schumpeterian Perspective" by Chol-Won Li (Revised in February 1998)

1996-10 "Export Insurance Subsidisation and Undistorted Trade Creation" by Gerda Dewit

1996-11 "Reconciling Divergent Policy Objectives and Export Promotion. The Case of Official Export Insurance" by Filip Abraham and Gerda Dewit

1996-12 "Macroeconomics and Politics Revisited. Do Central Banks Matter?" by Marco Lossani, Piergiovanna Natale and Patrizio Tirelli

1996-13 "Labor Productivity and the Cycle" by Robert A. Hart and J. Malley

1996-14 "Export Insurance Subsidisation: Risk Coverage, Strategic Export Promotion or Aid?" by Gerda Dewit

1996-15 "Political Consensus, Uncertain Preferences and Central Bank Independence" by Anton Muscatelli