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ISSN 1473-0278

Working Paper Series

School of Economics and Finance



2012 | 2011
2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001
2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991
1990 | 1989 | 1988 | 1987 | 1986 | 1985 | 1984 | 1983 | 1982 | 1981
1980 | 1979 | 1978 | 1977 | 1976 | 1975 | 1974


2012

abstract and full text

F. Breedon
A Variance Decomposition of Index-Linked Bond Returns


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M. Biagetti, L. Leonida & S. Scicchitano
The Wage Incentive to Management: A Comparison across European Economies


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2011

abstract and full text

J. Hatgioannides & M. Karanassou
Warrant Economics, Call-Put Policy Options and the Fallacies of Economic Theory


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R. Hyee
Do Marriage Markets Influence the Divorce Hazard?


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F. Breedon, T.G. Pétursson & A.K. Rose
Exchange Rate Policy in Small Rich Economies


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R. Hyee
Education in a Marriage Market Model without Commitment


abstract and full text

M. Drouvelis, A. Saporiti & N.J. Vriend
Political Motivations and Electoral Competition: Equilibrium Analysis and Experimental Evidence


abstract and full text

R. Bande & M. Karanassou
The NRU and the Evolution of Regional Disparities in Spanish Unemployment


abstract and full text

M. Karanassou & H. Sala
Inequality and Employment Sensitivities to the Falling Labour Share


abstract and full text

G. Kapetanios & F. Papailias
Block Bootstrap and Long Memory


abstract and full text

M.P. Clements & A.B. Galvão
Improving Real-time Estimates of Output Gaps and Inflation Trends with Multiple-vintage Models


abstract and full text

G. Fella
A Generalized Endogenous Grid Method for Non-concave Problems


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2010

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K. Schlag & A. Zapechelnyuk
On the Impossibility of Regret Minimization in Repeated Games


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A. Matros & A. Zapechelnyuk
Competition of E-Commerce Intermediaries


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T. Mylovanov & A. Zapechelnyuk
Decision Rules for Experts with Opposing Interests


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G. Kapetanios, J. Mitchell & Y. Shin
A Nonlinear Panel Model of Cross-sectional Dependence


abstract and full text

R. Male
Business Cycle Persistence in Developing Countries: How Successful is a DSGE Model with a Vertical Production Chain and Sticky Prices?


abstract and full text

S. Anwar, P. Bayer & R. Hjalmarsson
Jury Discrimination in Criminal Trials


abstract and full text

A. Matros & A. Zapechelnyuk
Optimal Mechanisms for an Auction Mediator


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D. Qin
Econometric Studies of Business Cycles in the History of Econometrics


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M. Karanassou & H. Sala
The Wage-Productivity Gap Revisited: Is the Labour Share Neutral to Employment?


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D. Qin, X. He & Y. Liu
Exchange Rate Misalignments: Historical Experience of Japan, Germany, Singapore and Taiwan Compared to China Today


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R. Bande & M. Karanassou
Spanish Regional Unemployment Revisited: The Role of Capital Accumulation


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O. Bjerkholt & D. Qin
Teaching Economics As a Science: The 1930 Yale Lectures of Ragnar Frisch


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R. Male
Developing Country Business Cycles: Revisiting the Stylised Facts


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R. Male
Developing Country Business Cycles: Characterising the Cycle


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A. Carriero, G. Kapetanios & M. Marcellino
Forecasting Government Bond Yields with Large Bayesian VARs


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D. Qin
Modelling of the Inflation-Unemployment Tradeoff from the Perspective of the History of Econometrics


abstract and full text

D. Qin & X. He
Is the Chinese Currency Substantially Misaligned to Warrant Further Appreciation?


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D. Qin
Long-term Nexus of Industrial Pollution and Income in China


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J.J.J. Groen, G. Kapetanios & S. Price
Multivariate Methods for Monitoring Structural Change


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2009

abstract and full text

Z. Soobedar
Disability Benefits: A Substitute for Income Support for Single Mothers with No Qualifications in the UK


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Z. Soobedar
Labour Supply Disincentives of Income Support: An Analysis of Single Mothers with No Qualifications in the UK


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N. Yoshihara & R. Veneziani
Exploitation as the Unequal Exchange of Labour: An Axiomatic Approach


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R. Veneziani & N. Yoshihara
Strong Subjectivism in the Marxian Theory of Exploitation: A Critique


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M. Mariotti & R. Veneziani
The Paradoxes of the Liberal Ethics of Non-interference


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L. Vinokur
Disposition in the Carbon Market and Institutional Constraints


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L. Vinokur
Evaluation with Dynamic Reference: Sustainable Investment


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M. Lombardi & R. Veneziani
Liberal Principles for Social Welfare Relations in Infinitely-Lived Societies


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M. Lombardi & R. Veneziani
Liberal Egalitarianism and the Harm Principle


abstract and full text

E. Guerre & C. Sabbah
Uniform Bias Study and Bahadur Representation for Local Polynomial Estimators of the Conditional Quantile Function


abstract and full text

M. Karanassou & H. Sala
The US Inflation-Unemployment Tradeoff: Methodological Issues and Further Evidence


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T. Hintermaier & W. Koeniger
Debt Portfolios


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A. Guay, E. Guerre & Š. Lazarová
Adaptive Rate-optimal Detection of Small Autocorrelation Coefficients


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C.J. Tyson
Dominance Solvability of Dynamic Bargaining Games


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I. Soraperra
Revealed Preferences, Choices, and Psychological Indexes


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N. Allouch
A Core-equilibrium Convergence in an Economy with Public Goods


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N. Allouch
A Competitive Equilibrium for a Warm Glow Economy


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R. Hyee & J.R. Robledo
Specialization in the Bargaining Family


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F. Aiello, A. Iona & L. Leonida
Regional Infrastructure and Firm Investment. Theory and Empirical Evidence for Italy


abstract and full text

L. Vinokur
Environmental Policy under Ambiguity


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A. Cunningham, J. Eklund, C. Jeffery, G. Kapetanios & V. Labhard
A State Space Approach to Extracting the Signal from Uncertain Data


abstract and full text

M. Karanassou & H. Sala
Labour Market Dynamics in Australia: What Drives Unemployment?


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2008

abstract and full text

A. Carriero, G. Kapetanios & M. Marcellino
Forecasting with Dynamic Models using Shrinkage-based Estimation


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A. Carriero, G. Kapetanios & M. Marcellino
Forecasting Exchange Rates with a Large Bayesian VAR


abstract and full text

M. Karanassou & H. Sala
The Rise and Fall of Spanish Unemployment: A Chain Reaction Theory Perspective


abstract and full text

M. Lombardi & N.Yoshihara
Alternative Characterizations of the Proportional Solution for Nonconvex Bargaining Problems with Claims


abstract and full text

D. Qin & T. Tan
How Much Intraregional Exchange Rate Variability Could a Currency Union Remove? The Case of ASEAN+3


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G. Fella & G. Gallipoli
Education and Crime over the Life Cycle


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G. Chortareas & G. Kapetanios
Getting PPP Right: Identifying Mean-Reverting Real Exchange Rates in Panels


abstract and full text

G. Cespa & T. Foucault
Insiders-Outsiders, Transparency and the Value of the Ticker


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G. Kapetanios & M. Marcellino
Cross-sectional Averaging and Instrumental Variable Estimation with Many Weak Instruments


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A. Carriero, G. Kapetanios & M. Marcellino
A Shrinkage Instrumental Variable Estimator for Large Datasets


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J. Eklund & G. Kapetanios
A Review of Forecasting Techniques for Large Data Sets


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J.J.J. Groen & G. Kapetanios
Revisiting Useful Approaches to Data-Rich Macroeconomic Forecasting


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M. Karanassou & H. Sala
Productivity Growth and the Phillips Curve: A Reassessment of the US Experience


abstract and full text

M. Mandler, P. Manzini & M. Mariotti
A Million Answers to Twenty Questions: Choosing by Checklist


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A. Bosch-Domènech & N.J. Vriend
On the Role of Non-equilibrium Focal Points as Coordination Devices


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2007

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A. Spencer, J. Covey, A. Robinson & G. Loomes
Are Some Deaths Worse Than Others? The Effect of 'Labelling' on People's Perceptions


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C. Tsoukis, G. Kapetanios & J. Pearlman
The Elusive Persistence: Wage and Price Rigidities, the Phillips Curve, and Inflation Dynamics


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S. Berlinski, S. Galiani & M. Manacorda
Giving Children a Better Start: Preschool Attendance and School-Age Profiles


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A. Carriero, G. Kapetanios & M. Marcellino
Forecasting Large Datasets with Reduced Rank Multivariate Models


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M.P. Clements & A.B. Galvão
Macroeconomic Forecasting with Mixed Frequency Data: Forecasting US Output Growth


abstract and full text

C.J. Tyson
Management of a Capital Stock by Strotz's Naive Planner


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C.J. Tyson
Cognitive Constraints, Contraction Consistency, and the Satisficing Criterion


abstract and full text

G. Cespa
Information Sales and Insider Trading with Long-lived Information


abstract and full text

A. Carriero
Forecasting the Yield Curve Using Priors from No Arbitrage Affine Term Structure Models


abstract and full text

M. Karanassou, H. Sala & P.F. Salvador
Accumulation and Unemployment: New Insights on the Nordic Experience


abstract and full text

J.M. Albala-Bertrand
Net Capital Stock and Capital Productivity for China and Regions: 1960-2005. An Optimal Consistency Method


abstract and full text

G. Kapetanios
A Test for Serial Dependence Using Neural Networks


abstract and full text

M. Lombardi & M. Mariotti
Uncovered Bargaining Solutions


abstract and full text

M. Lombardi
Reason-Based Choice Correspondences


abstract and full text

M. Lombardi
What Kind of Preference Maximization Does the weak Axiom of Revealed Non-inferiority Characterize?


abstract and full text

P. Manzini & M. Mariotti
Choice over Time


abstract and full text

M. Karanassou, H. Sala & D.J. Snower
The Evolution of Inflation and Unemployment: Explaining the Roaring Nineties


abstract and full text

M. Giorgio Marrano, J. Haskel & G. Wallis
What Happened to the Knowledge Economy? ICT, Intangible Investment and Britain's Productivity Record Revisited


abstract and full text

G. Kapetanios
Testing for Strict Stationarity


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G. Kapetanios & A.P. Blake
Testing the Martingale Difference Hypothesis Using Neural Network Approximations


abstract and full text

I. Lo Cascio
Wavelet Analysis and Denoising: New Tools for Economists


abstract and full text

I. Lo Cascio & D.S.G.Pollock
Comparative Economic Cycles


abstract and full text

G. Fella
Optimal Severance Pay in a Matching Model


abstract and full text

A. Robinson, J. Covey, A. Spencer & G. Loomes
Are Some Deaths Worse Than Others? Results from a Discrete Choice Experiment


abstract and full text

A. Spencer & A. Robinson
Tests of Utility Independence When Health Varies over Time


abstract and full text

A.B. Galvão
Changes in Predictive Ability with Mixed Frequency Data


abstract and full text

R.T. Baillie, Y.-W. Han, R.J. Myers & J. Song
Long Memory and FIGARCH Models for Daily and High Frequency Commodity Prices


abstract and full text

R.T. Baillie & C. Morana
Modeling Long Memory and Structural Breaks in Conditional Variances: An Adaptive FIGARCH Approach


abstract and full text

A. Carriero
A Simple Test of the New Keynesian Phillips Curve


abstract and full text

A. Carriero
A Bayesian Framework for the Expectations Hypothesis. How to Extract Additional Information from the Term Structure of Interest Rates


abstract and full text

A. Carriero & M. Marcellino
A Comparison of Methods for the Construction of Composite Coincident and Leading Indexes for the UK


abstract and full text

G. Fagiolo, M. Valente & N.J. Vriend
Dynamic Models of Segregation in Small-World Networks


abstract and full text

G. Kapetanios & A.P. Blake
Boosting Estimation of RBF Neural Networks for Dependent Data


abstract and full text

G. Kapetanios & Z. Psaradakis
Semiparametric Sieve-Type GLS Inference in Regressions with Long-Range Dependence


abstract and full text

M. Karanassou & D.J. Snower
Inflation Persistence and the Phillips Curve Revisited


abstract and full text

M. Karanassou, H. Sala & D.J. Snower
The Macroeconomics of the Labor Market: Three Fundamental Views


abstract and full text

D. Qin & H. Song
Sources of Investment Inefficiency: The Case of Fixed-Asset Investment in China


abstract and full text

C.L. Gilbert & D. Qin
Representation in Econometrics: A Historical Perspective


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2006

abstract and full text

H. Kruiniger
Quasi ML Estimation of the Panel AR(1) Model with Arbitrary Initial Conditions


abstract and full text

S.S.W. Lui
An Empirical Study of Asian Stock Volatility Using Stochastic Volatility Factor Model: Factor Analysis and Forecasting


abstract and full text

M. Karanassou, H. Sala & P.F. Salvador
The (Ir)relevance of the NRU for Policy Making: The Case of Denmark


abstract and full text

M.A. dos Santos Rocha & M. Fernandes
Are Price Limits on Futures Markets That Cool? Evidence from the Brazilian Mercantile and Futures Exchange


abstract and full text

M. Giorgio Marrano & J. Haskel
How Much Does the UK Invest in Intangible Assets?


abstract and full text

G. Kapetanios & M. Marcellino
Factor-GMM Estimation with Large Sets of Possibly Weak Instruments


abstract and full text

J.M. Albala-Bertrand
The Unlikeliness of an Economic Catastrophe: Localization & Globalization


abstract and full text

D. Qin
Uncover Latent PPP by Dynamic Factor Error Correction Model (DF-ECM) Approach: Evidence from Five OECD Countries


abstract and full text

R. Bande & M. Karanassou
Labour Market Flexibility and Regional Unemployment Rate Dynamics: Spain 1980-1995


abstract and full text

M. Karanassou, H. Sala & D.J. Snower
Phillips Curves and Unemployment Dynamics: A Critique and a Holistic Perspective


abstract and full text

P. Manzini & M. Mariotti
Two-stage Bargaining Solutions


abstract and full text

P. Manzini & M. Mariotti
Consumer Choice and Revealed Bounded Rationality


abstract and full text

R. Baillie & G. Kapetanios
Nonlinear Models with Strongly Dependent Processes and Applications to Forward Premia and Real Exchange Rates


abstract and full text

G. Kapetanios, M.H. Pesaran & T. Yamagata
Panels with Nonstationary Multifactor Error Structures


abstract and full text

G. Kapetanios, & E. Tzavalis
Stochastic Volatility Driven by Large Shocks


abstract and full text

G. Kapetanios, V. Labhard & S. Price
Forecasting Using Predictive Likelihood Model Averaging


abstract and full text

G. Kapetanios, V. Labhard & S. Price
Forecasting using Bayesian and Information Theoretic Model Averaging: An Application to UK Inflation


abstract and full text

D. Qin, M.A. Cagas, G. Ducanes, N. Magtibay-Ramos & P.F. Quising
Measuring Regional Market Integration by Dynamic Factor Error Correction Model (DF-ECM) Approach - The Case of Developing Asia


abstract and full text

G. Ducanes, M.A. Cagas, D. Qin, P. Quising & M.A. Razzaque
Macroeconomic Effects of Fiscal Policies: Empirical Evidence from Bangladesh, China, Indonesia and the Philippines


abstract and full text

M. Lombardi
Uncovered Set Choice Rule


abstract and full text

P. Manzini, M. Mariotti & L. Mittone
Choosing Monetary Sequences: Theory and Experimental Evidence


abstract and full text

P. Manzini & M. Mariotti
Two-stage Boundedly Rational Choice Procedures: Theory and Experimental Evidence


abstract and full text

H. Kruiniger
GMM Estimation and Inference in Dynamic Panel Data Models with Persistent Data


abstract and full text

G. Crespi, C. Criscuolo & J. Haskel
Productivity, Exporting and the Learning-by-Exporting Hypothesis: Direct Evidence from UK Firms


abstract and full text

G. Crespi, C. Criscuolo & J. Haskel
Information Technology, Organisational Change and Productivity Growth: Evidence from UK Firms


abstract and full text

D. Qin
VAR Modelling Approach and Cowles Commission Heritage


abstract and full text

N. Allouch, J.P. Conley & M. Wooders
Anonymous Price Taking Equilibrium in Tiebout Economies with Unbounded Club Sizes


abstract and full text

N. Allouch & C. Le Van
Walras and Dividends Equilibrium with Possibly Satiated Consumers


abstract and full text

D. Qin, M.A. Cagas, G. Ducanes, N. Magtibay-Ramos & P. Quising
Forecasting Inflation and GDP Growth: Comparison of Automatic Leading Indicator (ALI) Method with Macro Econometric Structural Models (MESMs)


abstract and full text

D. Qin, M.A. Cagas, G. Ducanes, X. He, R. Liu, S. Liu, N. Magtibay-Ramos & P. Quising
A Macroeconometric Model of the Chinese Economy


abstract and full text

G. Kapetanios & Z. Psaradakis
Sieve Bootstrap for Strongly Dependent Stationary Processes


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2005

abstract and full text

G. Kapetanios
A Testing Procedure for Determining the Number of Factors in Approximate Factor Models with Large Datasets


abstract and full text

S. De Wachter, R.D.F. Harris & E. Tzavalis
Panel Data Unit Roots Tests: The Role of Serial Correlation and the Time Dimension


abstract and full text

G. Fagiolo, M. Valente & N.J. Vriend
Segregation in Networks


abstract and full text

D. Qin, M.A. Cagas, G. Ducanes, X. He, R. Liu & S. Liu
Income Disparity and Economic Growth: Evidence from China


abstract and full text

L. Cappiello & N. Panigirtzoglou
Estimates of Foreign Exchange Risk Premia: A Pricing Kernel Approach


abstract and full text

C. Ghiglino
Balanced Growth with a Network of Ideas


abstract and full text

D. Qin, M.A. Cagas, P. Quising & X.-H. He
How Much Does Investment Drive Economic Growth in China?


abstract and full text

C.L. Gilbert & D. Qin
The First Fifty Years of Modern Econometrics


abstract and full text

R.T. Baillie & R. Kilic
Do Asymmetric and Nonlinear Adjustments Explain the Forward Premium Anomaly?


abstract and full text

N.J. Vriend
ACE Models of Endogenous Interactions


abstract and full text

G. Camba-Mendez & G. Kapetanios
Statistical Tests of the Rank of a Matrix and Their Applications in Econometric Modelling


abstract and full text

G. Kapetanios
Estimating Deterministically Time-Varying Variances in Regression Models


abstract and full text

G. Kapetanios
Tests for Deterministic Parametric Structural Change in Regression Models


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A. Cipollini & G. Kapetanios
Forecasting Financial Crises and Contagion in Asia Using Dynamic Factor Analysis


abstract and full text

G. Kapetanios & E. Tzavalis
Nonlinear Modelling of Autoregressive Structural Breaks in a US Diffusion Index Dataset


abstract and full text

G. Kapetanios & M.H. Pesaran
Alternative Approaches to Estimation and Inference in Large Multifactor Panels: Small Sample Results with an Application to Modelling of Asset Returns


abstract and full text

G. Kapetanios
Cluster Analysis of Panel Datasets using Non-Standard Optimisation of Information Criteria


abstract and full text

G. Kapetanios
Choosing the Optimal Set of Instruments from Large Instrument Sets


abstract and full text

G. Kapetanios
Variable Selection using Non-Standard Optimisation of Information Criteria


abstract and full text

R. Dickens & M. Draca
The Employment Effects of the October 2003 Increase in the National Minimum Wage


abstract and full text

N. Allouch & A. Predtetchinski
On the Non-emptiness of the Fuzzy Core


abstract and full text

D.S.G. Pollock
Econometric Methods of Signal Extraction


abstract and full text

D.S.G. Pollock & I. Lo Cascio
Orthogonality Conditions for Non-Dyadic Wavelet Analysis


abstract and full text

R.T. Baillie & G. Kapetanios
Testing for Neglected Nonlinearity in Long Memory Models


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D. Qin, M.A. Cagas, G. Ducanes, N. Magtibay-Ramos & P.F. Quising
Empirical Assessment of Sustainability and Feasibility of Government Debt: The Philippines Case


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2004

abstract and full text

G. Kapetanios
On Testing for Diagonality of Large Dimensional Covariance Matrices


abstract and full text

G. Kapetanios
A New Method for Determining the Number of Factors in Factor Models with Large Datasets


abstract and full text

G. Kapetanios & E. Tzavalis
The Impact of Large Structural Shocks on Economic Relationships: Evidence from Oil Price Shocks


abstract and full text

G. Kapetanios
A Bootstrap Procedure for Panel Datasets with Many Cross-Sectional Units


abstract and full text

G. Chortareas & G. Kapetanios
How Puzzling is the PPP Puzzle? An Alternative Half-Life Measure of Convergence to PPP


abstract and full text

R. Harrison, G. Kapetanios & T. Yates
Forecasting with Measurement Errors in Dynamic Models


abstract and full text

G. Kapetanios & T. Yates
Estimating Time-Variation in Measurement Error from Data Revisions: An Application to Forecasting in Dynamic Models


abstract and full text

J. Hatgioannides, M. Karanasos & M. Karanassou
Modelling the Yield Curve: A Two Components Approach


abstract and full text

M. Karanassou & D.J. Snower
Inflation Persistence Revisited


abstract and full text

G. Chortareas & G. Kapetanios
Getting PPP Right: Identifying Mean-Reverting Real Exchange Rates in Panels


abstract and full text

G. Kapetanios
Nonlinear Autoregressive Models and Long Memory


abstract and full text

G. Kapetanios
Testing for Exogeneity in Nonlinear Threshold Models


abstract and full text

L. Meligkotsidou, E. Tzavalis & I.D. Vrontos
A Bayesian Analysis of Unit Roots and Structural Breaks in the Level and the Error Variance of Autoregressive Models


abstract and full text

N. Allouch & M. Wooders
Price Taking Equilibrium in Club Economies with Multiple Memberships and Unbounded Club Sizes


abstract and full text

N. Allouch, C. Le Van & F.H. Page, Jr.
Arbitrage, Equilibrium, and Nonsatiation


abstract and full text

F. Giurda & E. Tzavalis
Is the Currency Risk Priced in Equity Markets?


abstract and full text

J.M. Albala-Bertrand
Can the Composition of Capital Constrain Potential Output? A Gap Approach


abstract and full text

G. Kapetanios
Dynamic Factor Extraction of Cross-Sectional Dependence in Panel Unit Root Tests


abstract and full text

A.P. Blake & G. Kapetanios
Testing for Neglected Nonlinearity in Cointegrating Relationships


abstract and full text

G. Kapetanios
A Bootstrap Invariance Principle for Highly Nonstationary Long Memory Processes


abstract and full text

A. Cipollini & G. Kapetanios
A Stochastic Variance Factor Model for Large Datasets and an Application to S&P Data


abstract and full text

S. de Wachter & E. Tzavalis
Detection of Structural Breaks in Linear Dynamic Panel Data Models


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2003

abstract and full text

M. Manacorda
Child Labor and the Labor Supply of Other Household Members: Evidence from 1920 America


abstract and full text

J.M. Albala-Bertrand
An Economical Approach to Estimate a Benchmark Capital Stock. An Optimal Consistency Method


abstract and full text

T. Brenner & N.J. Vriend
On the Behavior of Proposers in Ultimatum Games


abstract and full text

L. Correa
Natural or Unnatural Monopolies in UK Telecommunications?


abstract and full text

G. Kapetanios & Y. Shin
Testing for Nonstationary Long Memory against Nonlinear Ergodic Models


abstract and full text

G. Kapetanios
Determining the Poolability of Individual Series in Panel Datasets


abstract and full text

A. Cipollini & G. Kapetanios
A Dynamic Factor Analysis of Financial Contagion in Asia


abstract and full text

G. Kapetanios, Y. Shin & A. Snell
Testing for Cointegration in Nonlinear STAR Error Correction Models


abstract and full text

A.P. Blake & G. Kapetanios
Testing for ARCH in the Presence of Nonlinearity of Unknown Form in the Conditional Mean


abstract and full text

G. Kapetanios
Determining the Stationarity Properties of Individual Series in Panel Datasets


abstract and full text

G. Kapetanios
Using Extraneous Information and GMM to Estimate Threshold Parameters in TAR Models


abstract and full text

M. Karanassou, H. Sala & D.J. Snower
Unemployment in the European Union: Institutions, Prices, and Growth


abstract and full text

L. Correa
The Economic Impact of Telecommunications Diffusion on UK Productivity Growth


abstract and full text

G. Sorger
Inflation Forecast Targeting in an Overlapping Generations Model


abstract and full text

G. Kapetanios & M. Weeks
Non-Nested Models and the Likelihood Ratio Statistic: A Comparison of Simulation and Bootstrap Based Tests


abstract and full text

G. Kapetanios & M. Marcellino
A Comparison of Estimation Methods for Dynamic Factor Models of Large Dimensions


abstract and full text

E. Tzavalis & S. Wang
Pricing American Options under Stochastic Volatility: A New Method Using Chebyshev Polynomials to Approximate the Early Exercise Boundary


abstract and full text

R. Pancs & N.J. Vriend
Schelling's Spatial Proximity Model of Segregation Revisited


abstract and full text

G. Chortareas, G. Kapetanios & M. Uctum
A Nonlinear Approach to Public Finance Sustainability in Latin America


abstract and full text

G. Chortareas, G. Kapetanios & M. Uctum
An Investigation of Current Account Solvency in Latin America Using Non Linear Stationarity Tests


abstract and full text

G. Chortareas & G. Kapetanios
The Yen Real Exchange Rate May Be Stationary after All: Evidence from Nonlinear Unit-Root Tests


abstract and full text

G. Kapetanios
A Note on Joint Estimation of Common Cycles and Common Trends in Nonstationary Multivariate Systems


abstract and full text

G. Kapetanios
A New Nonparametric Test of Cointegration Rank


abstract and full text

S. Goyal & F. Vega-Redondo
Network Formation and Social Coordination


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2002

abstract and full text

M. Karanassou, H. Sala & D.J. Snower
Unemployment in the European Union: A Dynamic Reappraisal


abstract and full text

M. Karanassou, H. Sala & D.J. Snower
A Reappraisal of the Inflation-Unemployment Tradeoff


abstract and full text

M. Karanassou & D.J. Snower
An Anatomy of the Phillips Curve


abstract and full text

M. Karanassou, H. Sala & D.J. Snower
Long-Run Inflation-Unemployment Dynamics: The Spanish Phillips Curve and Economic Policy


abstract and full text

M. Karanassou & D.J. Snower
Unemployment Invariance


abstract and full text

G. Kapetanios
A Note on Covariance Stationarity Conditions for Dynamic Random Coefficient Models


abstract and full text

G. Kapetanios
Measuring Conditional Persistence in Time Series


abstract and full text

G. Kapetanios
Testing for Neglected Nonlinearity in Long Memory Models


abstract and full text

G. Kapetanios & Y. Shin
GLS Detrending for Nonlinear Unit Root Tests


abstract and full text

G. Kapetanios
Modelling Core Inflation for the UK Using a New Dynamic Factor Estimation Method and a Large Disaggregated Price Index Dataset


abstract and full text

G. Kapetanios
Testing for Structural Breaks in Nonlinear Dynamic Models Using Artificial Neural Network Approximations


abstract and full text

G. Kapetanios
Unit Root Testing against the Alternative Hypothesis of up to m Structural Breaks


abstract and full text

G. Kapetanios & G. Camba-Mendez
Bootstrap Statistical Tests of Rank Determination for System Identification


abstract and full text

G. Kapetanios
A Note on an Iterative Least Squares Estimation Method for ARMA and VARMA Models


abstract and full text

G. Kapetanios
Factor Analysis Using Subspace Factor Models: Some Theoretical Results and an Application to UK Inflation Forecasting


abstract and full text

G. Kapetanios & Y. Shin
Unit Root Tests in Three-Regime SETAR Models


abstract and full text

K. Chourdakis
Continuous Time Regime Switching Models and Applications in Estimating Processes with Stochastic Volatility and Jumps


abstract and full text

P. Belleflamme
Pricing Information Goods in the Presence of Copying


abstract and full text

D.S.G. Pollock
Recursive Estimation in Econometrics


abstract and full text

M. Barnes & J.E. Haskel
Job Creation, Job Destruction and the Contribution of Small Businesses: Evidence for UK Manufacturing


abstract and full text

A. Mele
Fundamental Properties of Bond Prices in Models of the Short-Term Rate


abstract and full text

H. Kruiniger & E. Tzavalis
Testing for Unit Roots in Short Dynamic Panels with Serially Correlated and Heteroscedastic Disturbance Terms


abstract and full text

H. Kruiniger
Maximum Likelihood Estimation of Dynamic Linear Panel Data Models with Fixed Effects


abstract and full text

M. Kazaks & D. Qin
Short-run Lats Rate Movements: Impact of Foreign Currency Shocks via Trade and Financial Markets


abstract and full text

P. Manzini, A. Sadrieh & N.J. Vriend
On Smiles, Winks, and Handshakes as Coordination Devices


abstract and full text

C. Alexiou
An Econometric Investigation into the Macroeconomic Relationship between Investment and Saving: Evidence from the EU Region


abstract and full text

G. Fella, P. Manzini & M. Mariotti
Does Divorce Law Matter?


abstract and full text

D. Bonjour, L. Cherkas, J.E. Haskel, D. Hawkes & T. Spector
Returns to Education: Evidence from UK Twins


abstract and full text

J.E. Haskel, S.C. Pereira & M.J. Slaughter
Does Inward Foreign Direct Investment Boost the Productivity of Domestic Firms?


abstract and full text

P. Manzini
Divide et impera: Negotiating with a Stakeholder


abstract and full text

H. Kruiniger
On the Estimation of Panel Regression Models with Fixed Effects


home top

2001

abstract and full text

D.S.G. Pollock
Improved Frequency-selective Filters


abstract and full text

D.S.G. Pollock & N. Lekka
Deconstructing the Consumption Function: New Tools and Old Problems


abstract and full text

A. de Coulon & B.A. Zürcher
Low-Pay Mobility in the Swiss Labor Market


abstract and full text

E. Pons & M.T. Gonzalo
Returns to Schooling in Spain. How Reliable Are IV Estimates?


abstract and full text

P. Manzini
Time Preferences: Do They Matter in Bargaining?


abstract and full text

J. Hindriks & P. De Donder
The Politics of Redistributive Social Insurance


abstract and full text

P. Belleflamme & F. Bloch
Market Sharing Agreements and Collusive Networks


abstract and full text

G. Sorger
Time-consistent Monetary Policy Rules


abstract and full text

P. Belleflamme & J. Hindriks
Yardstick Competition and Political Agency Problems


abstract and full text

C. Figuieres & J. Hindriks
Matching Grants and Ricardian Equivalence


abstract and full text

J. Hindriks
Public versus Private Insurance with Non-Expected Utility: A Political Economy Argument


abstract and full text

A. Spencer
The Implications of Linking Questions within the SG and TTO Methods


abstract and full text

A. Spencer
The Time Trade-Off Method: An Exploratory Study


abstract and full text

J. Hindriks & R. Pancs
Free Riding on Altruism and Group Size


abstract and full text

J.M. Albala-Bertrand & E.C. Mamatzakis
The Impact of Public Infrastructure on the Productivity of the Chilean Economy


abstract and full text

J.M. Albala-Bertrand
A Benchmark Estimate for the Capital Stock. An Optimal Consistency Method


abstract and full text

D.S.G. Pollock
Signal Extraction, Maximum Likelihood Estimation and the Start-up Problem


abstract and full text

I. Figuerola-Ferretti & C.L. Gilbert
Has Futures Trading Affected the Volatility of Aluminium Transactions Prices?


abstract and full text

I. Figuerola-Ferretti & C.L. Gilbert
Price Variability and Marketing Method in the Non-Ferrous Metals Industry


home top

2000

abstract and full text

K. Chourdakis
Stochastic Volatility and Jumps Driven by Continuous Time Markov Chains


abstract and full text

H. Kruiniger
Maximum Likelihood and GMM Estimation of Dynamic Panel Data Models with Fixed Effects


abstract and full text

H. Kruiniger
GMM Estimation of Dynamic Panel Data Models with Persistent Data


abstract and full text

A. Spencer
Testing the Additive Independence Assumption in the QALY Model


abstract and full text

K. Chourdakis & E. Tzavalis
Option Pricing under Discrete Shifts in Stock Returns


abstract and full text

K. Chourdakis & E. Tzavalis
Option Pricing with a Dividend General Equilibrium Model


abstract and full text

P. Manzini & M. Mariotti
Alliances and Negotiations


abstract and full text

D.S.G. Pollock
Filters for Short Nonstationary Sequences


abstract and full text

D.S.G. Pollock
Circulant Matrices and Time-series Analysis


abstract and full text

P. Belleflamme & E. Toulemonde
Product Differentiation in Successive Vertical Oligopolies


abstract and full text

J.M. Albala-Bertrand
What is a "Complex Humanitarian Emergency"? An Analytical Essay


abstract and full text

J.R. McCrorie
The Likelihood of a Continuous-time Vector Autoregressive Model


abstract and full text

G. Fella
Investment in General Training with Consensual Layoffs


abstract and full text

J. Hindriks & G.D. Myles
Strategic Inter-Regional Transfers


abstract and full text

P. De Donder & J. Hindriks
The Politics of Progressive Income Taxation with Incentive Effects


abstract and full text

J. Hindriks
Is There a Demand for Income Tax Progressivity?


abstract and full text

S. Fountas, M. Karanasos & M. Karanassou
A GARCH Model of Inflation and Inflation Uncertainty with Simultaneous Feedback


abstract and full text

P. Belleflamme
R&D Cooperation of Competition in the Presence of Cannibalization


abstract and full text

P. Belleflamme
Coordination on Formal vs. de facto Standards: A Dynamic Approach


abstract and full text

P. Belleflamme & F. Bloch
Optimal Ownership Structures in Asymmetric Joint Ventures


abstract and full text

D. Qin
How Much Does Trade and Financial Contagion Contribute to Currency Crises? The Case of Korea


abstract and full text

S. Huck, W. Müller & N.J. Vriend
The East End, the West End, and King's Cross: On Clustering in the Four-Player Hotelling Game


home top

1999

abstract and full text

C. Brunetti & C.L. Gilbert
Bivariate FIGARCH and Fractional Cointegration


abstract and full text

D. Qin
How Much Did Excess Debt Contribute to the 1997 Currency Crisis in Korea?


abstract and full text

E.C. Mamatzakis
Public Infrastructure, Private Input Demand, and Economic Performance of the Greek Industry


abstract and full text

J.E. Haskel
The Trade and Labour Approaches to Wage Inequality


abstract and full text

J.M. Albala-Bertrand
Infrastructure Shortage: A Gap Approach


abstract and full text

N.J. Vriend
Was Hayek an Ace?


abstract and full text

S. Mohun
Markets, Money and Ideology


abstract and full text

P. Manzini & M. Mariotti
Joint Outside Options


abstract and full text

G. Fella
When Do Firing Costs Matter?


home top

1998

399

P. Manzini & M. Mariotti
A Tragedy Of The Clubs: Excess Entry in Exclusive Coalitions


398

M. Karanassou & D. Snower
The Chain Reaction Theory of Unemployment: How Unemployment Moves in the Medium Run


397

B. Henry, M. Karanassou & D. Snower
Adjustment Dynamics and the Natural Rate: An Account of the UK Unemployment


396

D. Bonjour & M. Gerfin
The Unequal Distribution of Unequal Pay - An Analysis of the Distribution of the Gender Wage Gap


395

M. Shubik & N.J. Vriend
A Behavioral Approach to a Strategic Market Game


394

N.J. Vriend
"From Exchange It Comes to Tears". A Dutch Folk Theorem Reconsidered


393

R. Disney
Research Report 1997


392

E. Catilina
Welfare Improving Contracts in Cournot Markets


391

E.C. Mamatzakis
Dynamic Responses of Private Sector Productivity to Public Infrastructure


390

C. Brunetti & C.L. Gilbert
A Bivariate FIGARCH Model of Crude Oil Price Volatility


389

D.S.G. Pollock
Sharp Filters for Business-Cycle Analysis


388

R. Nagel & N.J. Vriend
An Experimental Study of Adaptive Behavior in an Oligopolistic Market Game


387

N.J. Vriend
An Illustration of the Essential Difference between Individual and Social Learning, and its Consequences for Computational Analyses


386

J.E. Haskel & M.J. Slaughter
Does the Sector Bias of Skill-Biased Technical Change Explain Changing Wage Inequality?


385

D.S.G. Pollock
Methodology for Trend Estimation


384

J.E. Haskel & Y. Heden
Computers and the Demand for Skilled Labour: Industry and Establishment-Level Panel Evidence for the UK


383

J.E. Haskel & A. Sanchis
A Bargaining Model of Farrell Inefficiency


382

D. Qin
On Macro Modelling of Transition Economies


381

M.G. Arghyrou
EU Participation and the External Trade of Greece: An Appraisal of the Evidence


380

D.P. Coady & L. Wang
Incentives, Allocation and Labour-Market Reforms During Transition: The Case of Urban China, 1986-1990


379

A. Bosch-Domènech & N.J. Vriend
Do Boundedly Rational People Imitate?


378

D.S.G. Pollock
Trend Estimation and De-Trending Using Bidirectional Filtering


377

H. Huang & C. Xu
Soft Budget Constraint and the Optimal Choices of R&D Projects Financing


376

C.L. Gilbert
Trading Volume, Open Interest, and Price Volatility on the LIFFE Cocoa Market


home top

1997

375

A. Sanchis
Does Privatisation Remove Working Practices? Evidence from UK Establishments


374

P. Manzini & M. Mariotti
A Model of Bargaining with the Possibility of Arbitration


373

M.G. Arghyrou
Casual Relationships Between Public Expenditure, Public Receipts and Gross Domestic Product: The Case of Greece


372

C. Beddies
The Interaction of Fiscal and Monetary Policies in a World with Uncertainty


371

D. Trinder
Determinants of Capital Flight and Implications for Policy


370

D.P. Coady & L. Wang
Earnings' Inequality During Transition: Urban China 1986-1990


369

D. Qin & C.L. Gilbert
The Error Term in the History of Time Series Econometrics


368

D. Qin
A Critique on Macroeconometric Modelling of Structural Changes


367

J.M. Albala-Bertrand
Evolution of Industrial Interdependence in Chile: 1960-90. A Comparison with Taiwan and South Korea


366

G. Codognato & S. Ghosal
Cournot-Nash Equilibria in Limit Exchange Economies with Complete Markets and Consistent Prices


365

R. Disney
Research Report 1996


364

B. Nomer, R. Disney & C.J. Ellis
Privatisation and Strategic Monitoring


363

C.L. Gilbert
Informed Futures Market Speculation: Coffee and Cocoa, 1993-95


362

I.A. Mourmouras & M.G. Arghyrou
Greece and the European Monetary Union: An Explorative Essay


361

I.A. Mourmouras & S. Ghosh
Decentralised Policymaking in a Game-Theoretic Model with Capital Accumulation. (published as Working Paper No. 400)


360

I.A. Mourmouras
Central Bank Independence: A Review of Theories


359

F. Bloch & S. Ghosal
Buyers' and Sellers' Cartels on Markets with Indivisible Goods


home top

1996

358

P.L. Chelley-Steeley & J.M. Steeley
Exchange Controls, Macroeconomic Integration and the Interdependence of European Equity Markets


357

G.P. Teyssière, C.L. Gilbert & C. Brunetti
Non-ferrous Metals Price Volatility: A Fractionally Integrated Process?


356

D.S.G. Pollock
Estimation of Polynomial Trends


355

D.S.G. Pollock
Data Transformation and De-Trending in Econometrics


354

J.M. Albala-Bertrand
Structural Change in Chile: 1960-1990. An Input-Output Approach


353

Research Report 1995


352

C.L. Gilbert & D. Qin
Two Essays on the Methodology of Econometrics


351

J. Grahl & P. Teague
Is the European Social Model Fragmenting?


350

C. Martin
Price Inertia in OECD Countries


349

C.L. Gilbert
Alternative Models for Estimating Real Interest Rates and the Real Term Structure from U.K. Index-Linked Bonds


348

G. Teyssière
Double Long-Memory Financial Time Series


347

C. Brunetti & C.L. Gilbert
Are Metals Prices Becoming More Volatile?


346

A. Roy
Consumption and Asset Pricing: What Do UK Data Tell Us?


345

R.J. Allard
The Measurability of Budget Related Rent-Seeking


home top

1995

344

J.E. Haskel
The Decline in Unskilled Employment in UK Manufacturing


343

F. Bloch & S. Ghosal
Stable Trading Structures in Bilateral Oligopolies


342

I. Mourmouras
Monetary Policy Delegation and Optimal Wage Indexation


341

I. Mourmouras
Monetary Policy Credibility, Inflation and Long-Run Growth


340

A. Roy
The Role of Temporal Aggregation in Asset Pricing Tests


339

Y. Kim
A Satisficing Model of Learning in Extensive Form Games


338

C. Martin & G.J. Bratsiotis
Stabilisation Policy and Unemployment in Imperfectly Competitive Economies


337

C. Martin & B. Kersley
Should the UK Adopt the Social Chapter?


336

J. Grahl
Regions and Citizenship in the European Union


335

D.S.G. Pollock
Fourier Methods: A Survey


home top

1994

334

C. Martin
Efficiency Wages and Labour Demand


333

A. Vanags & J. Garry
Inflation, Exchange Rates and Central-Bank Policy in a Transition Economy: An Analysis of the Latvian Experience, 1992-1994


332

D.S.G. Pollock
Lectures in Time-Series Analysis and Forecasting. Book I. (reprint of Working Paper No. 289)


331

H. Gravelle
The Price of Justice: Regulating the Market for Civil Justice


330

L. Filippini
Changing Quality


329

J.E. Haskel & A. Powell
Cartels, Contracts and Centralization: The Transition to Futures Trading for Primary Commodities


328

J.E. Haskel & P. Scaramozzino
Do Other Firms Matter in Oligopolies?


327

R. Hopkins
Aggregate Demand and Agricultural Output in a Developing Economy: The Short Run


326

D.S.G. Pollock
Linear Filters: A Survey


325

M. Mariotti
Nonoptimal Nash Bargaining Solutions


324

C. Martin
Price Formation in an Open Economy Theory and Evidence for the UK, 1951-91


323

C. Martin & B. Kersey
Should the UK adopt the Social Chapter?


322

G. Bratsiotis
Changes in Political Regimes, Wage-Setting, and the Path of the Optimal Exchange Rate


321

M. Mariotti
Unanimity and the Nash Bargaining Solution


320

I. Mourmouras
Why the Greek Government Must Grant Political and Economic Independence to the Central Bank of Greece


319

I. Mourmouras
Four Essays in the Theory of Macroeconomic Policy


318

D. Qin
Has Bayesian Estimation Principle Ever Used Bayes' Rule?


317

R.J. Allard
Risk Aversion and the Full Costs of Rent-Seeking


316

D. Qin
Disequilibrium Policy Effects on Money Demand Relationship: Evidence from Three Economies


315

J.E. Haskel & C. Martin
Will Skill Shortages End the Recovery?


314

A. Roy
Bayesian Inference and Asset Pricing


313

G. Teyssière
Duration Modeling with Unobserved Heterogeneity with Applications to Vacancies in Marseilles


312

M. Beccarello
Time Series Analysis of Market Power: Evidence from G-7 Manufacturing


311

C.L. Gilbert
The Political Economy of Exchange Rate Management


310

C.L. Gilbert & S. Yeoward
Is the Fisher Effect Real? Evidence from UK Real and Nominal Bonds


309

J.E. Haskel & C. Martin
Is UK Manufacturing Leaner and Fitter?


308

J.E. Haskel
The Winners and Losers from UK Privatisation


307

C. Martin
Turnover Costs and the Labour Demand Curve


home top

1993

306

M. Mariotti
Independence and Monotonicity in Axiomatic Bargaining Theory


305

J.E. Haskel & A. Sanchis Llopis
Privatisation and X-inefficiency: A Bargaining Approach


304

D.S.G. Pollock
Metaphors for Time-Series Analysis


303

M. Mariotti
On "On the Interpretation of the Nash Bargaining Solution and its Extension to Non-Expected Utility Preference" by A. Rubinstein, Z. Safra & W. Thomson


302

D. Qin
Rise of Bayesian Econometrics


301

R.J. Allard
Specification of Stochastic Contests: Tournaments, Patent Races and Lotteries


300

J.E. Haskel & C. Martin
Skill Shortages, Productivity Growth and Wage Inflation in UK Manufacturing


299

G.J. Bratsiotis
Staggered and Synchronous Wage Contracts: Supply Shocks, Union and Bank Preferences, and Macroeconomic Performance


298

G. Teyssière
Matching Process in the Labour Market in Marseilles. An Econometric Study


297

G. Urga
Unions Cash Flow and Investment Decisions: Evidence from Italian Firm Data


296

A. Lopez Mejia
Can Excess Sensitivity Be Interpreted as the Proportion of Income Accruing to Liquidity Constrained Consumers?


295

A. Lopez Mejia
Near Rationality and the Consumption Function: The U.K. Evidence


294

A. Vanags & J. Carbajo
The Spatial Peak-Load Problem of Mass Transit Networks


293

M. Mariotti
The Nash Solution and Independence of Revealed Irrelevant Alternatives


292

G. Urga & G. Parigi
Panel Data vs Time Series Regression Analysis: An Aggregation Issue


291

D.S.G. Pollock
Smoothing with Cubic Splines


290

D.S.G. Pollock


289

D.S.G. Pollock
Lectures in Time-Series Analysis and Forecasting. Book I


288

D.S.G. Pollock
Stability Conditions for Linear Stochastic Models


287

D.S.G. Pollock
The Misspecification of Dynamic Regression Models


286

J.E. Haskel & S. Syzmanski
The Effects of Privatisation, Restructuring and Competition on Productivity Growth in UK Public Corporations


home top

1992

285

M. Mariotti
Balanced Equilibrium: A Theory of Behaviour in Games


284

M. Mariotti
On the Decision Theoretic Foundations of Game Theory


283

M. Mariotti
A Difficulty with the Theory of Social Situations


282

G. Urga
The Econometrics of Panel Data: A Selective Introduction


281

D. Qin, T. Wang, M. Zhou & G. Liu
Money Demand in China: The Effect of Economic Reform


280

J. Pena
On Commons' Tragedies and Myopic Preemption: the Case of a Fishery


279

C. Favero & F. Spinelli
Deficits, Money Growth and Inflation in Italy 1865-1990


278

J.M. Albala-Bertrand
Natural Disasters in Latin America: Economic Patterns and Performance Rules


277

J.E. Haskel, C. Martin & I. Small
Price, Marginal Cost and the Business Cycle


276

J.E. Haskel & C. Martin
Price Flexibility and Market Structure: A Critique and new results for the UK


275

R. Hopkins
Agricultural, Exchange Rates and Macroeconomic Policy in a Developing Economy. The Case of Peru


274

I. Mourmouras & D.M. Su
Central Bank Independence, Policy Reforms and the Credibility of Public Debt Stabilizations


273

J.E. Haskel
UK Privatisation: Process and Outcomes


272

I. Mourmouras
Should Governments Learn to Live with Inflation?: Comment on Fischer and Summers


271

J.E. Haskel
Why Did UK Manufacturing Profitability Rise over the 1980s?


270

C. Favero
Error Correction and Forward-looking Models for the U.K. Consumers' Expenditure


269

J.E. Haskel & A. Powell
Contract Markets & Competition: A Note


268

J.M. Albala-Bertrand
Are Natural Disaster Situations a Formidable Obstacle to Growth? A Macroeconomic Model


267

I. Small
Productivity Growth and Measurement Error


266

A. Powell
The Costs of Commodity Price Uncertainty and Instability


265

T. Butcher
Is the Picture of Unemployment Changing?


264

C. Martin
Inflation, Adjustment Costs and Price-Cost Margins


263

C. Martin
Price Adjustment and Market Structure


262

B.A. Corry
Involuntary Unemployment - A Historical Note


261

A. Powell
Trading Forward in an Imperfect Market: The Case of Electricity in Britain


260

C. Martin & J.E. Haskel
Do Skill Shortages Reduce Productivity? Theory and Evidence from the UK


259

D.S.G. Pollock
Unconstrained Optimisation


258

J. Driffill & F. van der Ploeg
Trade Unions and Liberalisation of International Trade


257

V. Bulmer-Thomas & D. Martin
Construction of an Input-output Table of the Guatemalan Economy


256

C. Favero, M.H. Pesaran & S. Sharma
Uncertainty and Irreversible Investment an Empirical Analysis of Development of Oil Fields in the UKCS


255

V. Bulmer-Thomas
Life after Debt - The New Economic Trajectory in Latin America


254

H. Gravelle & M. Waterson
No Win, No Fee : Some Economics of Contingent Legal Fees


253

J.E. Haskel & S. Szymanski
Privatisation, Liberalisation, Wages and Employment: Theory and Evidence for the UK


252

J.E. Haskel & S. Szymanski
Privatization, Jobs and Wages


251

J.E. Haskel & C. Martin
Capacity and Competition: Empirical Evidence on UK Panel Data


250

J.E. Haskel & C. Martin
The Economic Consequences of Skill Shortages


249

J.M. Albala-Bertrand
Some Analytical Patterns of Disaster


248

C.L. Gilbert
Commodity Markets, Commodity Futures and International Commodity Policy


247

J.M. Albala-Bertrand
A Conceptual Framework for the Analysis of Disasters in Economy and Society


home top

1991

246

H.R. Merkus, D.S.G. Pollock & A.F. de Vos
A Synopsis of the Smoothing Formulae Associated with the Kalman Filter


245

H.S.E. Gravelle
Product Price and Advice Quality: Implications of the Commission System in Life Assurance


244

H.S.E. Gravelle
Remunerating Information Providers: Commissions versus Fees in Life Assurance


243

F. Aroche-Reyes
Productive Structures: Mexico and the NICs. An Intertemporal and International Study


242

J. Driffill
Macroeconomic Policy & Game Theory


241

O. Haltia
A Solution to the Problem of Input-output Matrix Triangularization


240

C.L. Gilbert
Should Marketing Boards Stabilize Prices through Forward Purchases?


239

A. Lopez-Mejia
Excess Smoothness, Excess Sensitivity of Consumption and Financial Liberalization: The U.K. Evidence


238

(cancelled)


237

I. Mourmouras
On Wage Indexing, Policy Credibility and Inflation


236

C. Martin & J.E. Haskel
Margins Concentration Unions and the Business Cycle: Theory and Evidence for Britain


235

C. Martin & J.E. Haskel
Non-competitive Wage Determination, Firms and the Inter-industry Wage Structure


234

R.J. Allard
Combined Search/Experience Products: Does Too Much Competition Distort R&D?


233

D.S.G. Pollock
Lagged Dependent Variables Distributed Lags and Autoregressive Residuals


232

D.S.G. Pollock
Nonlinear Optimisation


231

C.L. Gilbert
Domestic Price Stabilization Policies for Developing Countries


230

C.A. Favero
Consumption and the Sale of the Crown's Land


229

C.A. Favero
Taxation and the Optimization of Oil Exploration and Production: The U.K. Continental Shelf


228

D.S.G. Pollock
On the Criteria Function for Arma Estimation


227

D.S.G. Pollock
An Index for Multivariate Statistical Analysis


home top

1990

226

J.E. Haskel & C. Martin
The Causes of Skill Shortages in Britain


225

H.S.E. Gravelle
The Efficiency Implications of Cost Shifting Rules


224

C.A. Favero & F.C. Bagliano
Stabilization Policy and the Real Effects of Nominal Shocks


223

C.A. Favero & H.S. Pesaran
Oil Investment in the North Sea


222

J.E. Haskel
Imperfect Competition, Work Practices and Productivity Growth


221

C. Martin & G. Agolosskouf
Pricing and Product Market Structure in Open Economies


220

C.A. Favero & D.F. Hendry
Testing the Lucas Critique: A Review


219

C. Tsoukis
The Choice of Invoicing Currency in International Trade: A New Approach


218

J.E. Haskel & C. Martin
The Inter-Industry Wage Structure: Evidence for Britain


217

G. Alogosskoufis & C. Martin
External Constraints on European Unemployment


216

H.S.E. Gravelle
The Efficiency of Rationing by Waiting for Health Care


215

J. Brown
An Economic Evaluation of the Screening for Hearing Loss in Infants


214

C. Martin
Skill Shortages, The Goods Market & UK Employment


home top

1989

213

J. Driffill
Changes in Regime and the Term Structure: A Note


212

C.A. Favero & D.F. Hendry
Testing the Lucas Critique: A Review


211

A. Vanags
Comparative Advantage in the Provision International Transport Services


210

H.S.E. Gravelle
Rationing Trials by Waiting: Welfare Implications


209

A.B. Atkinson & J. Micklewright
Unemployment Compensation and Labour Market Transitions: A Critical Review


208

C.L. Gilbert
The Response of Primary Commodity Prices to Exchange Rate Changes


207

M. Alter
Difficulties in Reading Menger


206

C.L. Gilbert
Do Economics Test Theories - Demand Analysis and Consumption Analysis as Tests of Theories of Economic Methodology


205

H.S.E. Gravelle
The Welfare Economics of Controls on Commissions


204

C.L. Gilbert
Futures Trading, Storage and Price Stabilization


203

D.S.G. Pollock
A Mixed-Radix Fast Fourier Transform and a Base-2 Fast Fourier Transform


202

D.S.G. Pollock
The Misspecification of Arma Models


201

D.S.G. Pollock
Biquadratic Functions: Stationary and Invertibility in Estimated Time-Series Models


200

H.S.E. Gravelle
Insurance Law and Adverse Selection


199

H.S.E. Gravelle
An Exposition of Some Basic Analytics of Observability in Insurance Contracts


198

H.S.E. Gravelle
Rationing Access to Civil Justice: Implications for Reform of the Legal System


197

C.A. Favero & F.-C. Bagliano
Money Demand Instability, and Rational Expectations Policy Regimes: The Case of Italy: 1964-86


196

C.A. Favero
Is an Error Correction Specification for the Consumption Function Compatible with the Life Cycle-Permanent Income-Rational Expectations Hypothesis? A Negative Answer from U.K. Data


195

J. Micklewright
Unemployment and Early School Leaving Evidence from the Family Expenditure Survey 1978-84


194

C.L. Gilbert
Economic Theory and Econometric Models


193

M. Alter
What Do We Know about Menger?


192

C.L. Gilbert & T. Palaskas
Modelling Expectations Formation in Primary Commodity Markets


191

A. Salami
Price Inflexibility and Market Structure in the Non-agricultural Sector: A Test Using Nigerian Data


190

S. Connolly, J. Micklewright & S. Nickell
The Occupational Success of Young Men Who Left School at Sixteen


189

C. Martin
The Estimation of Disequilibrium Models with Dispersed Trading


188

C. Martin
The Effects of Rationing and Spillovers on Employment in UK Manufacturing


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1988

187

C. Martin & R. Portes
Effective Demands and Spillovers


186

H. Gravelle
Adverse Selection and Insurance Law


185

J. Micklewright
Schooling Choice, Educational Maintenance and Panel Attrition


184

P. Hughes
British Economic History, 1945-1987 Broad Historical Narrative


183

D. Currie & U. Hoffmeyer
Reputation, Cooperation and Ambitious Output in a Two Country World


182

N. Rankin
Monetary and Fiscal Policy in a 'Hartian' Model of Imperfect Competition


181

C. Martin
Disequilibrium Modelling Using Survey Data: The Demand for Corporate Borrowing in the UK


180

C. Martin
Effective Demands When Rationing is Stochastic


179

D. Currie & S. Wren-Lewis
Conflict and Cooperation in International Macroeconomic Policymaking: Past Performance and Future Prospects


178

D. Currie & S. Wren-Lewis
A Comparison of Alternative Regimes for International Macropolicy Coordination


177

D. Currie
Should Fiscal Policy Rule the Roost? The Co-ordination of Monetary and Fiscal Policy


176

J. Micklewright & A. Atkinson
Turning the Screw: Benefits for the Unemployed 1979-1988


175

D. Currie
Reputation and International Coordination: An Analytical Treatment


174

A. Vanags & C. Hale
The Relationship Between Spot and Period Rates in the Dry Bulk Market: Some Tests for the Period 1980-1986


173

A.K. Tsitouras
Dynamic Advertising, Price and Market Structure


172

A.K. Tsitouras
Multiperiod Quality Improvement and R&D


172a

C. Martin
Corporate Borrowing and Credit Constraints Structural Disequilibrium Estimates for the UK 1964-1984


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1987

171

J. Micklewright
A Cohort Model of Central Heating Ownership in Great Britain


170

J. Micklewright
Towards a Household Model of UK Domestic Energy Demand


169

A.K. Tsitouras
Quality Improvement, R&D and Market Structure


168

H. Gravelle
The Efficiency Implications of the Allocation of Litigation Costs


167

H. Gravelle
Accidents and the Allocation of Legal Costs


166

D. Currie & S. Wren-Lewis
Evaluating the Extended Target Zone Proposal for the G3


165

N. Rankin
An International Version of Mundell's Two-Country Flexible Exchange Rates Models with Disequilibrium Microfoundations: Is Policy Interdependence Inevitable? (Revised Version: Macroeconomic Interdependence, Floating Exchange Rates, and Product Substitutability)


164

J. Micklewright & P. Baker
Fuel and the Family Expenditure Survey


163

P.R. Hughes
The Importance of Unemployment Inflows in Explaining Male Unemployment Duration, GB, 1948-1986


162

D. Currie, P. Levine & N. Vidalisan
International Cooperation & Reputation in an Empirical Two-Bloc Model


161

J. Micklewright, P. Baker & R. Blundell
Modelling Energy Demand & Household Welfare Using Micro-Data


160

J. Micklewright
Choice at Sixteen


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1986

159

N. Rankin
The Price, Output & Exchange Rate-Overshooting Effects of Monetary, Fiscal & Exchange Intervention Policy in a Two-Country Disequilibrium Model


158

P. Hughes & G. Hutchinson
Unemployment, Irreversibility and the Long Term Unemployed


157

D.J. Beeton
The History of the UK Public Sector: Aspects of Size and Performance


156

A.J. Edwards
A Buffet-Stock Model of Personal Sector Demand for UK Liquid Aggregates


155

J.S. Cubbin & A. Tsitouras
Why Do Firms Set Prices?


154

P. Hughes & G. Hutchinson
Is Unemployment Irreversible?


153

H.S.E. Gravelle
Insurance and Corrective Taxes in the Health Care Market


152

A.P. Blake
The Treasury Model Under Rational Expectations


151

A.P. Blake
Approximate Linear Solutions for Non-Linear R.E. Models: A Technique and Some Problems


150

N. Rankin
On the Extension of the "Correspondence Principle" to Perfect Foresight Models


149

D.J. Beeton
On the Size of the Public Sector


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1985

148

R. Whittaker, D. Currie, K. Blackburn & S. Wren-Lewis
Alternative Financial Policy Rules in an Open Economy Under Rational and Adaptive Expectations


147

D. Currie & P. Levine
Credibility with Time Inconsistency in a Stochastic World


146

G.P. Lyons
Efficiency of the Dollar Foreign Exchange Markets: Monetary News With Systems Estimation & Cross-Equation Parameter Restrictions


145

N. Rankin
Taxation versus Spending as the Fiscal Instrument for Demand Management: A Disequilibrium Welfare Approach


144

N. Rankin
Debt Policy under Fixed and Flexible Prices


143

K. Blackburn & D. Currie
Price Level Indeterminacy Under an Interest Rate Rule: A Resolution


142

D.J. Beeton
Is the Growth of Government Inevitable? A Critical Assessment of the "Global" Theories of Public Sector Expansion


141

M.H. Peston
The Elementary Macroeconomic Consequences of Differing Public & Private Sector Wage


140

D.J. Beeton
Contingent Wage Agreements: The Historical & International Evidence on Their Determinants & Effects


139

D.J. Beeton
The Relationship Between Consumers' Expenditure & General Government Expenditure: Some Preliminary Results


138

G.P. Lyons
Testing Efficiency on the London International Financial Futures Exchange


137

H. Gravelle
Default Risk and The Price of Punishment


136

V. Bulmer-Thomas
The Balance of Payments Crisis and Adjustment Programmes in Central America


135

K. Blackburn
Interest Parity, The Degree of Capital Mobility & the Information Contents of the Exchange Rate and the Interest Rate:Clarifications


134

D. Beeton
Wagner's Law & How to Test It: The Growth of Government in the U.K., 1963-78


133

D. Beeton
Contract Staggering When the Short Side of the Labour Market Determine Employment,and When Wages are Indexed: Variations on a Model of Fethke & Policano


132

D.S.G. Pollock


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1984

131

J. Wriglesworth
The Relevance of Arrow's Impossibility Theory to Bergson-Samuelson Social Welfare Functions


130

A. Drobny & A. Speight
Consumption & Income: Some Simple Exercises with Panel Data


129

D. Currie
Macroeconomic Policy Design & Control Theory - A Failed Partnership


128

D. Currie & S. Gazioglu
High & Low Inflation Equilibria in a Monetary Rational Expectations Model of Inflation


127

D. Currie & P. Levine
Macroeconomic Policy Design in an Interdependent World


126

K. Blackburn
The Optimal Choice of Monetary Target in Some Simple Rational Expectations Models


125

H.S.E. Gravelle
Time Series Analysis of Mortality and Unemployment


124

D. Currie & P. Levine
The Design of Feedback Rules in Linear Stochastic Rational Expectations Models


123

D. Currie & P. Levine
Simple Macropolicy Rules for the Open Economy


122

A. Drobny & D. Klonis
The Labour Market in an Equilibrium Business Cycle Model: A Note on Price Inertia


121

D. Currie & K. Blackburn
A Stability in an Open Economy Model: A Comparison of Adaptive and Rational Expectations in the Foreign Exchange Market


120

D. Currie, J. Pearlman & P. Levine
Rational Expectations Models with Partial Information


119

J. Wriglesworth
Single Profile Impossibilities Without Neutrality


118

J. Wriglesworth & H.S.E. Gravelle
The Three Consumer Surpluses as Welfare Measures


117

A. Drobny & J. Wriglesworth
Price Level Expectations: A Clarification & Critique of Milton Friedman's Natural Rate Hypothesis


116

M.H. Peston
The Elementary Macroeconomic Consequences of Differing Public and Private Sector Money Wages


115

A.J. Wriglesworth
Respecting Individual Rights in Social Choice


115

H.S.E. Gravelle
Economic Analysis of Health Service Professions: A Survey for Sociologists


114

D. Currie & P. Levine
An Evaluation of Alternative Indictor Regimes for Monetary Policy


113

D. Currie
Overlapping Wage Contracts & Exchange Rate Overshooting


112

B.A. Corry & C.D. Aivalis
The Alleged Inconsistency of Adam Smith's Theory of Natural Prices - A Reappraisal


111

G. Hutchinson & P. Hughes
The Changing Picture of Male Unemployment in Great Britain 1972-1981


110

S. Mohun & S. Himmelweit
Abstraction, Assumption & Commensuration


109

D. Currie & P. Levine
Exchange Rate & Price Level Volatility Under Partial Information


108

D. Klonis
A Test of Price Level Stickiness & the Feasibility of Monetary Stabilization


107

C.P. Bellas
Seasonality and the Opportunity Costs of Family Labour in Agriculture


106

D. Blanchflower
Union Relative Wage Effects: A Cross Section Analysis Using Establishment Data


105

S. Mohun
Value Theory


104

A. Drobny


103

A. Drobny & R. Gausden
Causality and the Equilibrium Theory of Employment Fluctuation: Results from the U.K


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1983

102

D. Currie & P. Levine
Optimal Feedback Rules in an Open Economy Macromodel with Rational Expectations


101

D. Currie & E. Karakitsos
An Evaluation of Monetary & Exchange Rate Targets


100

D.S.G. Pollock
Identification of Linear Stochastic Models with Covariance Restrictions


99

D. Currie & J. Pearlman
Imperfect Information and Wage Inertia in the Business Cycle: A Comment


98

D.J. Beeton
Wage Indexing Rules under Variable Labour Supply


97

P.R. Hughes
Flows to and from Unemployment: Is the Register Bimodel?


96

V. Bulmer-Thomas
Economic Development over the Long Run - Central America Since 1920


95

H.S.E. Gravelle
Judicial Review and Public Firms


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1982

94

A. Ai-Nowaihi & P. Levine
The Stability of the Cournot Oligopoly Model: Reassessment


93

D. Currie & P. Levine
Stochastic Macroeconomic Policy Simulations for a Small Open Economy


92

D.S.G. Pollock
The Asymptotic Covariance Matrix of the LIML Estimator of Subsystems of a Simultaneous-Equation Model


91

D. Currie
Structural Instability in a Rational Expectations Model of a Small Open Economy with J Curve


90

H.S.E. Gravelle
Bargaining & Efficiency in Public & Private Sector Firms


89

A. Drobny
The Influence of Minimum Wage Rates on the Level and Distribution of Real Wages in Chile 1960-1972


88

A. Drobny & J. Wells
Income Distribution and the Minimum Wage in Brazil


87

D. Currie & P. Levine
A Solution Technique for Discrete and Continuous Time Stochastic Dynamic Models under Rational Expectations with Full & Partial Information Sets


86

D.S.G. Pollock
Tensor Products and Matrix Differential Calculus


85

V. Bulmer-Thomas
Application of Input-Output Analysis for Less Developed Countries (LDCs)


84

V. Bulmer-Thomas
The Central American Economies in the Inter-War Period


83

H.S.E. Gravelle
Reward Structures in a Planned Economy: Comment


82

E. Pentecost
The Government Financing Constraint, Wealth Effects and External Balances


81

D. Currie & S. Gazioglouand
Wealth Effects, Treasury Bill Financing Stability


80

D.S.G. Pollock
Estimation de modeles de regression avec relations entre les variables endogenes


79

D.S.G. Pollock
A Note on the Computation of the Restricted Least-Squares Estimates


78

D. Currie & E. Karakitsos
Monetary & Exchange Rate Targets in the NIESR Model: A Stochastic Control Evaluation (1)


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1981

77

H.S.E. Gravelle, P. Simpson & J. Chamberlai
Breast Cancer Screening & Health Service Costs


76

D.S.G. Pollock
The Estimation of Regression Models with Restricted Dependent Variables


75

H.S.E. Gravelle
Public Enterprise Management Incentive Mechanisms Some Difficulties


74

H.S.E. Gravelle
Optimal Prices & Rate of Return Constraints


73

H.S.E. Gravelle, G. Hutchinson & J. Stern
Mortality & Unemployment: A Cautionary Note


72

H.S.E. Gravelle
Incentives, Efficiency & Control in Public Firms


71

D. Currie
Monetary Overshooting and the Exchange Rate


70

D.S.G. Pollock
Two Reduced-Form Approaches to the Derivation of the Maximum-Likelihood Estimators of Simultaneous-Equation Systems


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1980

69

A. Coddington
Unemployment and Demand Deficiency


68

J.S. Cubbin
Advertising and the Theory of Entry Barriers


67

D. Currie
Interest Rates, Inflation & Growth in Financially Repressed Economics


66

D. Currie
Money Supply Rules, Government Financing & The Design of Automatic Policy Responses


65

R.J. Allard
Expenditures of Monopoly Acquisition


64

D.S.G. Pollock
Varieties of the LIML Estimator


63

E. Pentecost
The LBS Forecasting Model & Exchange Rate Determination


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1979

62

A.C.O. Kwok
Catastrophe Theory and its Applications to Economics


61

D. Currie
Stability in Monetary Models of Inflation with an Endogenous Budget


60

G. Hutchinson, N. Barr & A. Drobny
A Sequential Approach to the Dynamic Specification of the Demand for Young Male Labour in Great Britain


59

D. Currie
Some Long Run Features of Dynamic Time Series Models


58

M. Danes
Dennis Robertson on the Short Period Dynamics of Recovery


57

M. Danes
The Announcement Effects of a Theoretical Revolution Robertson, Keynes and Keynes' General Theory


56

M. Danes
An Outline of Dennis Robertson's Approach to the Foundations of Aggregative Theory


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1978

55

S. Mohun
Ideology, Knowledge & Neoclassical Economics: Some Elements of a Marxist Account


54

C.J. Paisley
Trade Union Effects on Wage Gains


53

D. Currie
Monetary & Fiscal Policy and the Crowding-Out Issue


52

S. Mohun & S. Himmelweit
The Anomalies of Capital


51

C.W.F. Baden-Fuller
The Effect of Market Structure and Production Technology on the Incentives for Cheating


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1977

50

D. Currie
On the Stability of Modified Keynesian Stabilisation Techniques


49

D. Currie & E. Katz
A Reconsideration of the Balanced Budget Multiplier


48

A. Coddington
Three Kinds of Keynesian


47

J.G. Grahl
Econometrics and Macro-Economics


46

B.A. Corry
Keynes and the History of Economic Thought - Some Reflections


45

M. Danes
Keynes, Dunlop and Real Wages over the Cycle


44

E. Katz
A Diagrammatic Exposition of Instability in the Presence of Money, Finance and Capital Mobility


43

A. Coddington
The Modern Corporation and the Modern Economist: A Review Article


42

D. Currie
Macroeconomic Policy and the Government Financing Requirements: A Survey of Recent Developments


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1976

41

E. Katz
The Efficacy of Fiscal and Monetary Policies under Floating Exchange Rates etc


40

A. Coddington
Keynesian Economics: The Search for First Principles


39

H.S.E. Gravelle
Notes on the Peak Load Problem with Feasible Storage


38

C.S. Soper
Notes on Inflation


37

E. Katz
A Note on Consumer Technology & Advertising


36

H.S.E. Gravelle
The Economic Evaluation of Screening for Breast Cancer: A Tentative Methodology


35

H.S.E. Gravelle
Regulation, Peak Loads and Storage


34

H.S.E. Gravelle
Insurance and the Value of Changes in Risk


33

R.J. Allard
Credit Restrictions and Lag Distributions on Consumer Durable Equations


32

E. Katz
Capital Gains Tax - An Automatic Stabiliser or Destabiliser?


31

E. Katz & A. Vanags
Money, Saving and Portfolio Choice under Uncertainty


30

M.H. Peston
A Note on Crowding Out


29

E. Katz
Likes, Dislikes and Gambling


28

R. Rees
Uncertainty, the Second Best, and Public Policy


27

R. Rees
Private Beds and Social Benefits: An Analytical Note


26

A. Coddington
The Adequacy and Applicability of Economic Theories: A Perspective on the Methodological Views of Robbins and Friedman


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1975

25

A. Coddington
Consistency and Commitment in the Realisation on Extended Plans


24

E. Katz
Bond Finance, Perfect Capital Mobility & Stability


23

H.S.E. Gravelle & E. Katz
Financial Targets & X-Efficiency in Public Enterprises


22

E. Katz
A Note of Consumer Technology & Advertising


21

D. Currie
Monetary and Fiscal Policy and the Balance of Payments in the Long Run


20

D. Currie & E. Katz
Capital Mobility and Stability


19

D.S.G. Pollock
A Synthesis of Matrix Differential Calculus


18

D.S.G. Pollock
A Postscript on Three Stage Least Square and Full Information Maximum Likelihood


17

E. Katz & M.J. Flanders
Capital Mobility and Currency Unions: The Small Country


16

D. Currie
Effective Demand Failures: A Further Comment


15

D. Currie & E. Katz
Some Monetary Implication of International Transfer


14

A. Coddington
Varieties of Keynesianism


13

D. Currie
Some Criticisms of the Monetary Analysis of Balance of Payments Correction


12

D. Currie
International Capital Flows and Portfolio Equilibrium - A Comment


11

D. Currie
Optimal Stabilisation Policies and the Government Budget Constraint


10

E. Katz
A Note on the Theory of the J Curve


9

E. Katz
The Contribution of Unwanted Amortisation Funds to Net Investment: A Reconsideration


8

D. Currie
The Government Budget Constraint and Inflation: Some Dynamic Implications


7

D. Currie
Money, Income and Causality - A Comment


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1974

6

A. Ziderman
The Economics of Educational Policy


5

A. Ziderman
Government Training Centre in Britain: A Cost Benefit Study


4

E. Katz
A Further Note on the Existence of Classes in Kaldor-Pasinetti Models of Income Distribution


3

E. Katz
Interest Rates, Expectations and Exchange Rate Stability


2

M.H. Peston, E. Katz & H.S.E. Gravelle
Public Sector Pricing with Foreign Demand


1

D.S.G. Pollock
A Note on G.E.S.S.E.R. (Generalised Estimators of Systems Subject to Exact Restrictions)


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This page is maintained by Nick Vriend, n.vriend@qmul.ac.uk
Last modified 2012-1-28