Details about Andrew Hughes Hallett

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Homepage:	http://policy.gmu.edu
Workplace:	School of Economics and Finance, University of St. Andrews, (more information at EDIRC)

Access statistics for papers by Andrew Hughes Hallett.

Last updated 2013-05-03. Update your information in the RePEc Author Service.

Short-id: phu74

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Working Papers

2013

1. The Importance of Trade and Capital Imbalances in the European Debt Crisis
   Working Paper Series, Peterson Institute for International Economics

2012

2. External imbalances and financial fragility in the euro area
   Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences View citations (2)
3. Fiscal sustainability using growth-maximising debt targets
   Working Paper Series, European Central Bank

2011

4. Global Imbalances in a World of Inflexible Real Exchange Rates and Capital Controls
   ADBI Working Papers, Asian Development Bank Institute
   Also in Finance Working Papers, East Asian Bureau of Economic Research (2011)
   Macroeconomics Working Papers, East Asian Bureau of Economic Research (2011)
5. The great moderation under the microscope: decomposition of macroeconomic cycles in US and UK aggregate demand
   Research Discussion Papers, Bank of Finland View citations (2)
6. Trans-Pacific Economic Relations and US-China Business Cycles: Convergence within Asia versus US Economic Leadership
   Development Economics Working Papers, East Asian Bureau of Economic Research
   Also in Governance Working Papers, East Asian Bureau of Economic Research (2011)
   ADBI Working Papers, Asian Development Bank Institute (2011)

2010

7. Scotland: A New Fiscal Settlement
   SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE)
   Also in CDMA Working Paper Series, Centre for Dynamic Macroeconomic Analysis (2010)
8. The gains from early intervention in Europe: Fiscal surveillance and fiscal planning using cash data
   Working Paper Series, European Central Bank View citations (2)
   See also Journal Article in European Journal of Government and Economics (2012)

2009

9. Announcement wars as an equilibrium selection device
   CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)
10. Can we rely on real time figures for cyclically adjusted budget balances?
    Bank of Estonia Working Papers, Bank of Estonia
11. FINANCIAL INSTABILITY PREVENTION
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
12. Macro prudential Policies and Financial Stability
    Working Papers, School of Economics, La Trobe University
    Also in Working Papers, School of Economics, La Trobe University (2009)
    See also Journal Article in The Economic Record (2011)

2008

13. Controllability under rational expectations
    wp.comunite, Department of Communication, University of Teramo View citations (1)
14. Coordination without Explicit Cooperation: Monetary-Fiscal Interactions in an Era of Demographic Change
    European Economy - Economic Papers, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission View citations (2)
15. Did Fiscal Policy Makers Know What They Were Doing? Reassessing Fiscal Policy with Real Time Data
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
    Also in DNB Working Papers, Netherlands Central Bank, Research Department (2008) View citations (2)
16. Europeanization or Globalization? Transnational Wage Bargaining and the Distribution of Activity in European Labor Markets
    DNB Working Papers, Netherlands Central Bank, Research Department View citations (1)
    See also Journal Article in The North American Journal of Economics and Finance (2009)
17. Policy games, policy neutrality and Tinbergen controllability under rational expectations
    wp.comunite, Department of Communication, University of Teramo
    See also Journal Article in Journal of Macroeconomics (2010)
18. The existence of Nash equilibria in n-player LQ-games, with applications to international monetary and trade agreements
    wp.comunite, Department of Communication, University of Teramo View citations (4)
19. WELFARE IMPROVING COORDINATION OF FISCAL AND MONETARY POLICY
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
    See also Journal Article in Czech Economic Review (2011)
20. When Can Central Banks Anchor Expectations? Policy communication and controllability
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)

2007

21. Early Warning or Just Wise After the Event?
    DNB Working Papers, Netherlands Central Bank, Research Department View citations (8)
22. Early Warning or Just Wise After the Event? The Problem of Using Cyclically Adjusted Budget Deficits for Fiscal Surveillance
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in Bank of Estonia Working Papers, Bank of Estonia (2007) View citations (3)
23. MONETARY AND FISCAL POLICY INTERACTION WITH VARIOUS DEGREES AND TYPES OF COMMITMENT
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (8)
24. ROGOFF REVISITED: THE CONSERVATIVE CENTRAL BANKER PROPOSITION UNDER ACTIVE FISCAL POLICIES
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
    See also Journal Article in Economics Letters (2009)
25. The Impact of Tax, Product and Labour Market Distortions on the Phillips Curve and the Natural Rate of Unemployment
    Kiel Working Papers, Kiel Institute for the World Economy View citations (1)
    Also in Economics Discussion Papers, Kiel Institute for the World Economy (2007) View citations (1)
26. Time Varying Cyclical Analysis for Economies in Transition
    CASE Network Studies and Analyses, CASE-Center for Social and Economic Research View citations (1)

2006

27. Central Bank Independence, Accountability and Transparency: Complements or Strategic Substitutes?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)
28. Labour and Product Market Reforms in the Economy with Distortionary Taxation
    CDMA Working Paper Series, Centre for Dynamic Macroeconomic Analysis View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (2)

2005

29. A Time-Frequency Analysis of the Coherences of the US Business
    Computing in Economics and Finance 2005, Society for Computational Economics View citations (2)
30. Dynamic Controllability with Overlapping targets: A Generalization of the Tinbergen-Nash Theory of Economic Policy
    Working Papers, Fondazione Eni Enrico Mattei
31. Fiscal Discipline before and after EMU - Permanent Weight Loss or Crash Diet?
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics View citations (6)
32. Forming Rational Expectations and When it is Right to be 'Wrong'
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
33. In Praise of Fiscal Restraint and Debt Rules. What the Euro Zone Might Do Now
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
34. Political Devolution without Fiscal Devolution
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics

2004

35. A Time-Frequency Analysis of the Coherences of the US Business Cycle and the European Business Cycle
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
36. Central bank transparency in theory and practice
    Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group
    Also in Royal Economic Society Annual Conference 2003, Royal Economic Society (2003) View citations (4)
    DNB Staff Reports (discontinued), Netherlands Central Bank (2003) View citations (6)
    WO Research Memoranda (discontinued), Netherlands Central Bank, Research Department (2002) View citations (8)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (8)
    See also Journal Article in Journal of Macroeconomics (2007)
37. Debts, Deficits and the Entry of the Accession Countries into the Euro
    Money Macro and Finance (MMF) Research Group Conference 2004, Money Macro and Finance Research Group View citations (1)
38. Government Leadership and Central Bank Design
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (4)
39. Hansa vs Habsburg: Debt, Deficits and the Entry of Accession Countries into the Euro
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
40. Investment Under Monetary Uncertainty: A Panel Data Investigation
    Royal Economic Society Annual Conference 2004, Royal Economic Society View citations (5)
    See also Journal Article in Economic Change and Restructuring (2004)
41. Investment Under Monetary Uncertainty: A Panel Investigation
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics
42. Post-Thatcher Fiscal Strategies in the U.K.: An Interpretation
    CESifo Working Paper Series, CESifo Group Munich View citations (3)
43. Rational Ambiguity and Monitoring the Central Bank
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics View citations (1)
    Also in WO Research Memoranda (discontinued), Netherlands Central Bank, Research Department (2004) View citations (1)

2003

44. Independent Monetary Policies and Social Equality
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics View citations (10)
    See also Journal Article in Economics Letters (2004)
45. Three Models of Imperfect Transparency in Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)

2002

46. An Independent Central Bank faced with Elected Government: A Political Economy Conflict
    WO Research Memoranda (discontinued), Netherlands Central Bank, Research Department View citations (1)
47. Are Capital Markets Efficient? Evidence from the Term Structure of Interest Rates in Europe
    Computing in Economics and Finance 2002, Society for Computational Economics View citations (4)
    See also Journal Article in The Economic and Social Review (2002)
48. Independence Before Conservatism: Transparency, Politics, and Central Bank Design
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (10)
    See also Journal Article in German Economic Review (2005)
49. Policy Games and the Optimal Design of Central Banks
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics View citations (7)
50. The Cost of Heterogeneity in a Monetary Union
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    Also in Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics (2001) View citations (11)

2001

51. Budgetary Consolidation in EMU
    European Economy - Economic Papers, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission View citations (65)
52. Credibility, Transparency and Asymmetric Information in Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
53. Fiscal Consolidation and the Probability Distribution of Deficits: A Stochastic Analysis of the Stability Pact
    Studies in Economics, Department of Economics, University of Kent
54. Labour Market Reform and Monetary Policy in EMU: Do Asymmetries Matter?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
55. Spectral Analysis as a Tool for Financial Policy: An Analysis of the Short-End of the British Term Structure
    Computing in Economics and Finance 2001, Society for Computational Economics View citations (4)
    See also Journal Article in Computational Economics (2004)
56. Wage Inflation and the Distribution of Output Gaps in Europe: Insidersvs. Outsiders
    DNB Staff Reports (discontinued), Netherlands Central Bank
    Also in WO Research Memoranda (discontinued), Netherlands Central Bank, Research Department (2000) View citations (2)

2000

57. Exchange Rate Uncertainty and Business Sector Investment
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (3)
58. Should Argentina Adopt The US Dollar?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)

1999

59. An Independent Central Bank Faced With Elected Governments
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (22)
    See also Journal Article in European Journal of Political Economy (2004)
60. EMU and the External Value of the Euro
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
61. EMU in Reality: The Effect of a Common Monetary Policy on Economies with Different Transmission Mechanisms
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    See also Journal Article in Empirica (1999)

1998

62. Independently Blue? Accountability and Independence in the New European Central Bank
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
63. Large Scale Fiscal Retrenchments: Long-Run Lessons from the Stability Pact
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
64. The Impact of Exchange Rate Uncertainty on the Level of Investment
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in ICMM Discussion Papers, Department of Economics University of Strathclyde View citations (51)
    See also Journal Article in Economic Journal (1999)

1997

65. Inflation Under Alternatives Exchange Rate Regimes: What Hapens When Countries are of Different Size?
    Working Papers, University College Cork - Department of Economics
66. Is A 2-Speed System in Uerope the Answer to the Conflict between the German and the Anglo-Saxon Models of Monetary Control?
    Working Papers, American Institute for Contemporary German Studies-

1996

67. Fiscal Deficit Reductions in Line with the Maastricht Criteria for Monetary Union: An Empirical Analysis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
68. Four Essays and a Funeral: Budgetary Arithmetic under the Maastricht Treaty
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
69. Is a Two-speed System in Europe the Answer to the Conflict between the German and the Anglo-Saxon Models of Monetary Control?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1995

70. Economic Cooperation within Europe: Lessons from the Monetary Arrangements in the 1990s
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
71. On Measuring the Costs of Labour Immobility and Market Heterogeneity in Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
72. Unification and the Policy Predicament in Gemany
    Working Papers, American Institute for Contemporary German Studies-
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1994) View citations (1)
    See also Journal Article in Economic Modelling (1996)

1994

73. The new regionalism and the threat of protectionism
    Policy Research Working Paper Series, The World Bank View citations (4)
    See also Journal Article in Journal of the Japanese and International Economies (1994)

1992

74. East Germany, West Germany, and their Mezzogiorno Problem: An Empirical Investigation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
75. The Price of EMU Revisited
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
76. The impact of EC-92 on developing countries'trade: a dissenting view
    Policy Research Working Paper Series, The World Bank

1991

77. Adjustment Difficulties within a European Monetary Union: Can They be Reduced?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
78. The European Monetary System: Achievements and Survival
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)

1990

79. Market Solutions to the Problem of Stabilising Commodity Earnings
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
80. Target Zones and International Policy Coordination: The Contrast Between the Necessary and Sufficient Conditions for Success
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article in European Economic Review (1992)

1989

81. Protectionism and the US Trade Deficit: An Empirical Analysis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1988

82. Decentralised Policies and Efficient Trade-Offs: An Essay on the Costs of Uncoordinated Fiscal and Monetary Policies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1987

83. International Policy Cooperation and Model Uncertainty
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
84. Macroeconomic Policy Design with Incomplete Information: A New Argument for Coordinating Economic Policies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)

1986

85. Commodity Market Stabilisation and `North-South' Income Transfers: An Empirical Investigation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article in Journal of Development Economics (1986)
86. Is Time-Inconsistent Behaviour Really Possible?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
87. The Impact of Interdependence on Economic Policy Design: The Case of the US, EEC and Japan
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    See also Journal Article in Economic Modelling (1987)

1985

88. How Much Could the International Coordination of Economic Policies Achieve? An Example from US-EEC Policy Making
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

Undated

89. The Impact of Exchange Rate Variability on Domestic Investment
    Computing in Economics and Finance 1997, Society for Computational Economics
90. The theory of economic policy: from a theory of control to a theory of conflict (resolutions)
    Working Papers, Sapienza University of Rome, Metodi e modelli per l'economia, il territorio e la finanza MEMOTEF View citations (1)
91. When can an Independent Central Bank offer lower Inflation at no Cost? A Political Economy Analysis
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (1)

Journal Articles

2012

1. A general theory of controllability and expectations anchoring for small-open economies
   Journal of International Money and Finance, 2012, 31, (2), 397-411
2. Alberto Alesina: The Science of Using Political Economy Concepts to Explain the Macroeconomic Landscape
   Atlantic Economic Journal, 2012, 40, (4), 351-365
3. Expectations Dynamics: Policy, Announcements and Limits to Dynamic Inconsistency
   Studies in Nonlinear Dynamics & Econometrics, 2012, 16, (2), 3 View citations (1)
4. Explicit inflation targets and central bank independence: friends or foes?
   Economic Change and Restructuring, 2012, 45, (4), 271-297
5. HOW RELIABLE ARE CYCLICALLY ADJUSTED BUDGET BALANCES IN REAL TIME?
   Contemporary Economic Policy, 2012, 30, (1), 75-92 View citations (3)
6. Reducing Global Imbalances: Can Fixed Exchange Rates and Current Account Limits Help?
   Open Economies Review, 2012, 23, (1), 163-192 View citations (3)
7. The gains from early intervention in Europe: Fiscal surveillance and fiscal planning using cash data
   European Journal of Government and Economics, 2012, 1, (1), 44-65
   See also Working Paper (2010)

2011

8. Are the New Member States Converging on the Euro Area?: A Business Cycle Analysis for Economies in Transition
   OECD Journal: Journal of Business Cycle Measurement and Analysis, 2011, 2011, (2), 49-68
9. Is there clustering among the Eurozone economies? Evidence from how the EU's New Member States are converging
   Journal of Policy Reform, 2011, 14, (2), 127-150 View citations (1)
10. Macroprudential Policies and Financial Stability
    The Economic Record, 2011, 87, (277), 318-334
    See also Working Paper (2009)
11. Tinbergen controllability and n-player LQ-games
    Economics Letters, 2011, 113, (1), 32-34 View citations (1)
12. Welfare Improving Coordination of Fiscal and Monetary Policy
    Czech Economic Review, 2011, 5, (1), 007-026
    See also Working Paper (2008)

2010

13. Policy games, policy neutrality and Tinbergen controllability under rational expectations
    Journal of Macroeconomics, 2010, 32, (1), 55-67 View citations (1)
    See also Working Paper (2008)
14. The old and the new theory of economic policy
    International Journal of Public Policy, 2010, 6, (1), 154-165
15. WHY DO SOME COUNTRIES UNDERTAKE STRUCTURAL REFORMS WHEN OTHERS DO NOT? EVIDENCE FROM THE OECD AND EMERGING MARKET ECONOMIES
    Journal of International Commerce, Economics and Policy (JICEP), 2010, 01, (01), 81-103

2009

16. Economics in the Backyard: How Much Convergence is there between China and her Special Regions?
    The World Economy, 2009, 32, (6), 819-861 View citations (4)
17. Europeanization or globalization? Transnational wage bargaining and the distribution of activity in European labor markets
    The North American Journal of Economics and Finance, 2009, 20, (2), 177-192
    See also Working Paper (2008)
18. Has there been any structural convergence in the transmission of European monetary policies?
    International Economics and Economic Policy, 2009, 6, (2), 85-101 View citations (4)
19. Is the US no longer the economy of first resort? Changing economic relationships in the Asia-Pacific region
    International Economics and Economic Policy, 2009, 6, (2), 207-234 View citations (1)
20. Rogoff revisited: The conservative central banker proposition under active fiscal policies
    Economics Letters, 2009, 104, (3), 140-143
    See also Working Paper (2007)

2008

21. Are independent central banks really as conservative as they like to pretend?
    European Journal of Political Economy, 2008, 24, (1), 239-248 View citations (3)
22. Asymmetric information and rational expectations: When is it right to be "wrong"?
    Journal of International Money and Finance, 2008, 27, (8), 1407-1419 View citations (2)
23. Debt targets and fiscal sustainability in an era of monetary independence
    International Economics and Economic Policy, 2008, 5, (1), 165-187 View citations (2)
24. EUROPEAN FISCAL DISCIPLINE BEFORE AND AFTER EMU: CRASH DIET OR PERMANENT WEIGHT LOSS?
    Macroeconomic Dynamics, 2008, 12, (03), 404-424 View citations (7)
25. Have the Eurozone economies converged on a common European cycle?
    International Economics and Economic Policy, 2008, 5, (1), 71-101 View citations (8)
26. Policy issues in the Eurozone: cyclic convergence and fiscal sustainability
    International Economics and Economic Policy, 2008, 5, (1), 1-4 View citations (1)
27. Sustainable fiscal policies and budgetary risk under alternative monetary policy arrangements
    Economic Change and Restructuring, 2008, 41, (1), 1-28 View citations (4)
28. The Impact of Tax and Market Distortions on the Phillips Curve and the Natural Rate of Unemployment
    Economics - The Open-Access, Open-Assessment E-Journal, 2008, 2, (27), 1-28

2007

29. Central Bank transparency in theory and practice
    Journal of Macroeconomics, 2007, 29, (4), 760-789 View citations (32)
    See also Working Paper (2004)
30. DYNAMIC CONTROLLABILITY WITH OVERLAPPING TARGETS: OR WHY TARGET INDEPENDENCE MAY NOT BE GOOD FOR YOU
    Macroeconomic Dynamics, 2007, 11, (02), 202-213 View citations (7)
31. Debt, deficits, and the accession of the new member States to the Euro
    European Journal of Political Economy, 2007, 23, (2), 316-337 View citations (6)
32. Fiscal leadership and central bank design
    Canadian Journal of Economics, 2007, 40, (2), 607-627 View citations (7)
33. Fiscal-monetary Interactions: The Effect of Fiscal Restraint and Public Monitoring on Central Bank Credibility
    Open Economies Review, 2007, 18, (5), 559-576 View citations (8)
34. Trade wars and the Slump
    European Review of Economic History, 2007, 11, (01), 73-98
35. Was Argentina s financial collapse of 2001 Inevitable: What did we know and when did we know it?
    Journal of Financial Transformation, 2007, 19, 129-140

2006

36. Controllability in Policy Games: Policy Neutrality and the Theory of Economic Policy Revisited
    Computational Economics, 2006, 28, (2), 91-112 View citations (6)
37. HETEROGENEITY IN A CURRENCY UNION WITH SOCIAL MARKET OBJECTIVES
    Scottish Journal of Political Economy, 2006, 53, (1), 129-152 View citations (6)
38. INTRODUCTION TO THE SPECIAL ISSUE ON 'FISCAL POLICY'
    Scottish Journal of Political Economy, 2006, 53, (1), 1-3
39. Is the convergence of business cycles a global or regional issue? The UK, US and Euroland
    International Journal of Finance & Economics, 2006, 11, (3), 177-194 View citations (6)
40. Measuring the Degree of Convergence among European Business Cycles
    Computational Economics, 2006, 27, (2), 229-259 View citations (6)
41. Monetary integration in the ex-Soviet Union: A 'union of four'? *
    The Economics of Transition, 2006, 14, (1), 47-68 View citations (10)

2005

42. Europe at the Cross Roads: Structural Reforms, Fiscal Constraints, and EMU Enlargement–An Empirical Analysis
    Ekonomia, 2005, 8, (1), 21-50 View citations (1)
43. Independence Before Conservatism: Transparency, Politics and Central Bank Design
    German Economic Review, 2005, 6, (1), 1-21 View citations (27)
    See also Working Paper (2002)
44. The European economy at the cross roads: Structural reforms, fiscal constraints, and the Lisbon Agenda
    Research in International Business and Finance, 2005, 19, (2), 229-250 View citations (14)

2004

45. A CENTRAL BANK FOR ALL SEASONS? THE PROPOSITION UNDER CONDITIONS OF POLITICAL UNCERTAINTY
    Macroeconomic Dynamics, 2004, 8, (02), 207-225
46. An independent central bank faced with elected governments
    European Journal of Political Economy, 2004, 20, (4), 907-922 View citations (40)
    See also Working Paper (1999)
47. Empirical macro-models of the euro economy: an introduction
    Economic Modelling, 2004, 21, (5), 719-722
48. Estimating an equilibrium exchange rate for the dollar and other key currencies
    Economic Modelling, 2004, 21, (6), 1117-1144 View citations (2)
49. How Successful Has the Stability and Growth Pact Been?: An Empirical Analysis
    Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2004, 73, (3), 392-404 View citations (2)
50. Independent monetary policies and social equity
    Economics Letters, 2004, 85, (1), 103-110 View citations (8)
    See also Working Paper (2003)
51. Investment Under Monetary Uncertainty: A Panel Data Investigation
    Economic Change and Restructuring, 2004, 31, (2), 137-162 View citations (4)
    Also in Empirica, 2004, 31, (2), 137-162 (2004) View citations (2)
    See also Working Paper (2004)
52. Spectral Analysis as a Tool for Financial Policy: An Analysis of the Short-End of the British Term Structure
    Computational Economics, 2004, 23, (3), 271-288 View citations (11)
    See also Working Paper (2001)

2003

53. Deficit Targeting Strategies: Fiscal Consolidation and the Probability Distribution of Deficits under the Stability Pact
    Journal of Common Market Studies, 2003, 41, (3), 421-444 View citations (6)
54. Imperfect transparency and the strategic use of information: an ever present temptation for central bankers?
    Manchester School, 2003, 71, (5), 498-520 View citations (8)
55. Labour Market Reform and the Effectiveness of Monetary Policy in EMU
    Journal of Economic Integration, 2003, 18, 726-749 View citations (3)

2002

56. Are Capital Markets Efficient? Evidence from the Term Structure of Interest Rates in Europe
    The Economic and Social Review, 2002, 33, (3), 333-356 View citations (4)
    See also Working Paper (2002)
57. Britain and the euro
    Atlantic Economic Journal, 2002, 30, (3), 335-348
58. Budgetary Consolidation in Europe: Quality, Economic Conditions, and Persistence
    Journal of the Japanese and International Economies, 2002, 16, (4), 512-535 View citations (17)
59. Does One Size Fit All? A currency union with asymmetric transmissions and a stability pact
    International Review of Applied Economics, 2002, 16, (1), 71-96 View citations (7)
60. Does trade integration cause convergence?
    Economics Letters, 2002, 75, (2), 165-170 View citations (8)
61. Fiscal Aspects of European Monetary Integration: Andrew Hughes Hallett, Michael Hutchinson, and Svend E. Hougaard Jensen (Eds.), Cambridge University Press, Cambridge, UK, 1999
    Journal of International Economics, 2002, 57, (1), 261-266
62. Inflation Targeting as a Coordination Device
    Open Economies Review, 2002, 13, (4), 341-362 View citations (5)
63. Testing for hysteresis against nonlinear alternatives
    Journal of Economic Dynamics and Control, 2002, 27, (2), 303-327 View citations (5)

2001

64. Currency unions and the incentive to reform: are market mechanisms enough?
    The North American Journal of Economics and Finance, 2001, 12, (2), 139-155 View citations (7)
65. Inflation Under Alternative Exchange Rate Regimes: What Happens When Countries Differ in Size?
    Open Economies Review, 2001, 12, (2), 145-161

2000

66. A monthly econometric model of the transmission of the Great Depression between the principal industrial economies
    Economic Modelling, 2000, 17, (4), 515-544 View citations (5)
67. AGGREGATE PHILLIPS CURVES ARE NOT ALWAYS VERTICAL: HETEROGENEITY AND MISMATCH IN MULTIREGION OR MULTISECTOR ECONOMIES
    Macroeconomic Dynamics, 2000, 4, (04), 534-546 View citations (8)
68. Is the Case for Economic and Monetary Union in the Caribbean Realistic?
    The World Economy, 2000, 23, (1), 119-144
69. Is the European union a natural currency area, or is it held together by policy makers?
    Review of World Economics (Weltwirtschaftliches Archiv), 2000, 136, (4), 657-679 View citations (13)
70. The Single Currency and Labour Market Flexibility: A Necessary Partnership?
    Scottish Journal of Political Economy, 2000, 47, (2), 141-55 View citations (2)

1999

71. A New Convergence Theorem for Successive Overrelaxation Iterations
    Computational Economics, 1999, 13, (2), 163-75 View citations (1)
72. Can the ECB be Truly Independent? Should It Be?
    Empirica, 1999, 26, (3), 217-240 View citations (6)
73. Challenges for Economic Policy Coordination within European Monetary Union
    Empirica, 1999, 26, (3), 169-170 View citations (10)
74. EMU in Reality: The Effect of a Common Monetary Policy on Economies with Different Transmission Mechanisms
    Empirica, 1999, 26, (4), 337-358 View citations (13)
    See also Working Paper (1999)
75. Nonlinearity, Computational Complexity and Macroeconomic Modelling
    Journal of Economic Surveys, 1999, 13, (5), 577-618 View citations (9)
76. The Impact of Exchange Rate Uncertainty on the Level of Investment
    Economic Journal, 1999, 109, (454), C55-67 View citations (54)
    See also Working Paper (1998)

1998

77. Asymmetric transmission mechanisms and the rise in European unemployment: A case of structural differences or of policy failures?
    Journal of Economic Dynamics and Control, 1998, 22, (6), 869-886 View citations (5)
78. Simple reordering techniques for expanding the convergence radius of first-order iterative techniques
    Journal of Economic Dynamics and Control, 1998, 22, (8-9), 1319-1333 View citations (5)
79. When Do Target Zones Work? An Examination of Exchange Rate Targeting as a Device for Coordinating Economic Policies
    Open Economies Review, 1998, 9, (2), 115-138 View citations (5)

1997

80. Exchange rate behaviour under the EMS regime: was there any systematic change?
    Journal of International Money and Finance, 1997, 16, (4), 537-560 View citations (6)
81. Is There Life Outside the ERM? An Evaluation of the Effects of Sterling's Devaluation on the UK Economy
    International Journal of Finance & Economics, 1997, 2, (3), 199-216

1996

82. Changing Partners: The Importance of Coordinating Fiscal and Monetary Policies within a Monetary Union
    The Manchester School of Economic & Social Studies, 1996, 64, (2), 115-34 View citations (11)
83. Hybrid algorithms with automatic switching for solving nonlinear equation systems
    Journal of Economic Dynamics and Control, 1996, 20, (6-7), 1051-1071 View citations (5)
84. Regional Inequalities and the Business Cycle: An Explanation of the Rise in European Unemployment
    Regional Studies, 1996, 30, (1), 15-29 View citations (6)
85. Unification and the policy predicament in Germany
    Economic Modelling, 1996, 13, (4), 519-544 View citations (12)
    See also Working Paper (1995)

1995

86. Policy bargains and the problem of model selection
    Journal of Economic Dynamics and Control, 1995, 19, (5-7), 941-959

1994

87. On the imperfect substitutability of policy regimes: Exchange rate targetting vs policy coordination
    Economics Letters, 1994, 44, (1-2), 159-164 View citations (4)
88. Policy options for stabilizing earnings in a speculative market: a structural analysis
    World Development, 1994, 22, (11), 1717-1728
89. Real adjustment in a union of incompletely converged economies: An example from East and West Germany
    European Economic Review, 1994, 38, (9), 1731-1761 View citations (2)
90. The Impact of EC-92 on Trade in Developing Countries
    World Bank Research Observer, 1994, 9, (1), 121-46 View citations (1)
91. The New Regionalism and the Threat of Protectionism
    Journal of the Japanese and International Economies, 1994, 8, (4), 388-421 View citations (4)
    See also Working Paper (1994)

1993

92. Changes in Regime and the Risks in Stabilising Speculative Markets
    Scottish Journal of Political Economy, 1993, 40, (1), 24-42
93. East Germany, West Germany, and Their Mezzogiorno Problem: A Parable for European Economic Integration
    Economic Journal, 1993, 103, (417), 416-28 View citations (18)
94. Exchange Rates and Asymmetric Policy Regimes: When Does Exchange Rate Targeting Pay?
    Oxford Economic Papers, 1993, 45, (2), 191-206 View citations (6)
95. Export instability and compensatory financing: David Lim, (Routledge, London and New York, 1991), pp. xiv + 204
    Journal of Development Economics, 1993, 42, (2), 415-417
96. On the Possible Costs of European Monetary Union
    The Manchester School of Economic & Social Studies, 1993, 61, (1), 35-64 View citations (17)
97. Scanning the future: A long term scenario study of the world economy 1990-2015: Central Planning Bureau, 1992, (Sdu Publishers, The Hague), 246 pp., ISBN 9039902046
    International Journal of Forecasting, 1993, 9, (1), 133-134

1992

98. Exchange rates, protectionism and commercial policy: Alternative strategies for coordinating the G3 economies
    Japan and the World Economy, 1992, 4, (3), 215-237
99. International Macroeconomic Policy Coordination When Policymakers Do Not Agree on the True Model: Comment
    American Economic Review, 1992, 82, (4), 1043-51 View citations (19)
100. Nonstationary model solution techniques and the USA algorithm: Some practical experience
     Journal of Economic Dynamics and Control, 1992, 16, (1), 109-116
101. Target zones and international policy coordination: The contrast between the necessary and sufficient conditions for success
     European Economic Review, 1992, 36, (4), 893-914 View citations (7)
     See also Working Paper (1990)
102. The transmission of the great depression in the United States, Britain, France and Germany
     European Economic Review, 1992, 36, (2-3), 685-694 View citations (2)

1991

103. Collective Decision Making by Committee
     Economic Change and Restructuring, 1991, 24, (2), 107-20
104. Difference Games and Policy Evaluation: A Comment
     Oxford Economic Papers, 1991, 43, (4), 637-43 View citations (2)
105. Price Discipline, Output Costs and Exchange Rate Stabilisation: Empirical Estimates for the G3 Countries
     Scottish Journal of Political Economy, 1991, 38, (4), 305-16
106. Stagflation and Phillips Curve Instability in a Model of Macroeconomic Policy
     The Manchester School of Economic & Social Studies, 1991, 59, (2), 123-45

1990

107. A Note on the Difficulty of Comparing Iterative Processes with Differing Rates of Convergence
     Computer Science in Economics & Management, 1990, 3, (3), 273-79
108. By how much would exchange rate stabilisation improve macroeconomic performance?: An exercise in forecasting alternative histories for the industrial economies
     International Journal of Forecasting, 1990, 6, (3), 407-419
109. On Economic Structures and Model Solution Methods: Or Should Econometricians Use Newton Methods for Model Solution?
     Oxford Bulletin of Economics and Statistics, 1990, 52, (3), 317-30 View citations (2)
110. Optimal control, expectations and uncertainty: Sean Holly and Andrew Hughes Hallett, (Cambridge University Press, Cambridge, UK, 1989) pp. 244
     International Journal of Forecasting, 1990, 6, (2), 255-256
111. Target zones and exchange rate management: A stability analysis of the European Monetary System
     Open Economies Review, 1990, 1, (2), 175-200 View citations (1)

1989

112. Econometrics and the Theory of Economic Policy: The Tinbergen-Theil Contributions 40 Years On
     Oxford Economic Papers, 1989, 41, (1), 189-214 View citations (9)
113. Empirical macroeconomics for interdependent economies: Ralph Bryant, Dale Henderson, Gerald Holtham, Peter Hooper and Steven Symanski, eds., (The Brookings Institution, Washington, DC) pp. 343+xvii with supplement pp. 347+viii, $37.95
     Journal of International Economics, 1989, 26, (1-2), 189-194
114. The design of interdependent policies with incomplete information: A new argument for coordinating economic policies
     Economic Modelling, 1989, 6, (4), 432-446

1988

115. Efficient solution techniques for linear and non-linear rational expectations models
     Journal of Economic Dynamics and Control, 1988, 12, (4), 635-657 View citations (8)
116. Price stability or resource transfer?: Stabilizing speculative commodity markets by S. Ghosh, C.I. Gilbert and A.J. Hughes Hallett Clarendon Press, Oxford, 1987, 448 pp, [UK pound]39.50
     Resources Policy, 1988, 14, (1), 61-63
117. Primary commodity markets and models: Walter C. Labys Gower, Aldershot, Hants, 1987, 290 pp, [UK pound]38.50
     Resources Policy, 1988, 14, (2), 150-151
118. Professor Chow's Econometrics: A Review
     Journal of Applied Econometrics, 1988, 3, (2), 157-64
119. Trade-off reversals in macroeconomic policy
     Journal of Economic Dynamics and Control, 1988, 12, (1), 85-91 View citations (1)

1987

120. Forecasting and Policy Evaluation in Economies with Rational Expectations: The Discrete Time Case
     Bulletin of Economic Research, 1987, 39, (1), 49-70
121. International Competitiveness and Economic Recovery: Examples of the Risk-Ambition Trade-Off in Dutch Economic Policies
     The Manchester School of Economic & Social Studies, 1987, 55, (1), 38-59
122. The Convergence Characteristics of Iterative Techniques for
     Oxford Bulletin of Economics and Statistics, 1987, 49, (2), 231-44
123. The impact of interdependence on economic policy design: The case of the USA, EEC and Japan
     Economic Modelling, 1987, 4, (3), 377-396 View citations (1)
     See also Working Paper (1986)
124. The robustness of economic policy selections and the incentive to cooperate
     Journal of Economic Dynamics and Control, 1987, 11, (2), 163-170
125. Would commodity market stabilization agreements redistribute economic resources to developing countries?: The case of copper
     Resources Policy, 1987, 13, (2), 103-112

1986

126. Autonomy and the Choice of Policy in Asymmetrically Dependent Economies: An Investigation of the Gains from International Policy Co-ordination
     Oxford Economic Papers, 1986, 38, (3), 516-44 View citations (3)
127. Commodity market stabilisation and North-South income transfers: An empirical investigation
     Journal of Development Economics, 1986, 24, (2), 293-316 View citations (3)
     See also Working Paper (1986)
128. Efficient solution techniques for dynamic non-linear rational expectations models
     Journal of Economic Dynamics and Control, 1986, 10, (1-2), 139-145 View citations (13)
129. International policy design and the sustainability of policy bargains
     Journal of Economic Dynamics and Control, 1986, 10, (4), 467-494 View citations (6)
130. Policy design in asymmetrically dependent economies
     Journal of Economic Dynamics and Control, 1986, 10, (1-2), 51-57 View citations (5)
131. Prediction and regulation by linear least-square methods: Peter Whittle, (Blackwell, Oxford, 1983) second revised ed., [UK pound]17.50, pp. XV + 187
     International Journal of Forecasting, 1986, 2, (1), 125-127

1985

132. Commodity market stabilization - A comparison of simple and optimal intervention strategies in a model of the world copper market
     Resources and Energy, 1985, 7, (4), 377-394
133. The expected loss and mean square error reductions of risk sensitive decisions
     Economics Letters, 1985, 18, (4), 327-331
134. Wage policy, competitiveness and risk management: The internal conflicts of dutch economic policy
     Review of World Economics (Weltwirtschaftliches Archiv), 1985, 121, (4), 703-721

1984

135. Commodity market stabilization: A comparison of simple and optimal intervention strategies in the world copper market
     Journal of Policy Modeling, 1984, 6, (4), 555-572
136. Economic conflict and the solution of dynamic games
     European Economic Review, 1984, 26, (1-2), 13-32 View citations (3)
137. Non-causalities and time inconsistency in dynamic non-cooperative games: The problem revisited
     Economics Letters, 1984, 14, (2-3), 123-130
138. Non-cooperative Strategies for Dynamic Policy Games and the Problem of Time Inconsistency
     Oxford Economic Papers, 1984, 36, (3), 381-99 View citations (4)
139. On alternative methods of generating risk sensitive decision rules
     Economics Letters, 1984, 16, (1-2), 37-44 View citations (5)
140. Optimal stockpiling in a high-risk commodity market the case of copper
     Journal of Economic Dynamics and Control, 1984, 8, (2), 211-238 View citations (10)

1983

141. Optimal control of large nonlinear models: An efficient method of policy search applied to the Dutch economy
     Journal of Policy Modeling, 1983, 5, (2), 253-270
142. Tests of Functional Form in Dynamic Econometric Models: Some Empirical Experience
     Empirical Economics, 1983, 8, (2), 63-69 View citations (1)

1982

143. Models vs envelopes: The dangers of informal forecasting and policy evaluation techniques in economics
     Socio-Economic Planning Sciences, 1982, 16, (3), 141-144 View citations (1)
144. Optimal stabilization of the copper market: The problem of information
     Resources Policy, 1982, 8, (3), 201-214 View citations (2)
145. The determination of implicit preferences: Two Possible Approaches Compared
     European Economic Review, 1982, 18, (2), 267-289 View citations (1)
146. The impact of non-causality on non-cooperative strategies for dynamic games
     Economics Letters, 1982, 10, (1-2), 9-15 View citations (1)

1981

147. Measuring the importance of stochastic control in the design of economic policies
     Economics Letters, 1981, 8, (4), 341-347 View citations (1)

1979

148. Computing revealed preferences and limits to the validity of quadratic objective functions for policy optimization
     Economics Letters, 1979, 2, (1), 27-32 View citations (7)
149. On methods for avoiding the a priori numerical specification of preferences in policy selection
     Economics Letters, 1979, 3, (3), 221-228 View citations (1)

Books

2012

1. The Theory of Economic Policy in a Strategic Context
   Cambridge Books, Cambridge University Press

2010

2. Optimal Control, Expectations and Uncertainty
   Cambridge Books, Cambridge University Press
   Also in Cambridge Books, Cambridge University Press (1989) View citations (14)

2004

3. Northern and Eastern Enlargement of EMU: Do Structural Reforms Matter?
   SUERF Studies, SUERF - The European Money and Finance Forum
   See also Chapter (2004)

Edited books

2011

1. Fiscal Aspects of European Monetary Integration
   Cambridge Books, Cambridge University Press

1999

2. Fiscal Aspects of European Monetary Integration
   Cambridge Books, Cambridge University Press

Chapters

2004

1. Northern and Eastern Enlargement of EMU: Do Structural Reforms Matter?
   SUERF - The European Money and Finance Forum
   See also Book (2004)

Editor

1. Scottish Journal of Political Economy
   Scottish Economic Society