Details about Paul Levine

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Homepage:	http://www.econ.surrey.ac.uk/people/plevine/
Workplace:	Department of Economics, University of Surrey, (more information at EDIRC)

Access statistics for papers by Paul Levine.

Last updated 2009-12-01. Update your information in the RePEc Author Service.

Short-id: ple338

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Working Papers

2009

1. Monetary and Fiscal Rules in an Emerging Small Open Economy
   IMF Working Papers, International Monetary Fund

2008

2. Happiness Inertia: Analytical Aspects of the Easterlin Paradox
   Department of Economics Discussion Papers, Department of Economics, University of Surrey
3. How forward-looking is the Fed? Direct estimates from a `Calvo-type' rule
   Department of Economics Discussion Papers, Department of Economics, University of Surrey View citations
   Also in NIPE Working Papers, NIPE - Universidade do Minho (2008)
   See also Journal Article in Economics Letters (2009)
4. On the (ir)relevance of direct supply-side effects of monetary policy
   Department of Economics Discussion Papers, Department of Economics, University of Surrey
5. Optimal Exchange Rate Stabilization in a Dollarized Economy with Inflation Targets
   Working Papers, Banco Central de Reserva del Perú
   Also in Computing in Economics and Finance 2006, Society for Computational Economics (2006) View citations
6. Risk Management in Action. Robust monetary policy rules under structured uncertainty
   Working Paper Series, European Central Bank View citations
7. Robust Inflation-Targeting Rules and the Gains from International Policy Coordination
   Department of Economics Discussion Papers, Department of Economics, University of Surrey
8. Robust monetary rules under unstructured and structured model uncertainty
   Working Paper Series, European Central Bank
   Also in Department of Economics Discussion Papers, Department of Economics, University of Surrey (2007) View citations

2007

9. Anglo-Dutch, Split-Award Spectrum Auctions with a Downstream Market
   Department of Economics Discussion Papers, Department of Economics, University of Surrey
10. Channel Trading and Imperfect Competition: Good Trades and Bad Trades
    Department of Economics Discussion Papers, Department of Economics, University of Surrey
11. Estimating DSGE Models under Partial Information
    Department of Economics Discussion Papers, Department of Economics, University of Surrey
    Also in CDMA Working Paper Series, Centre for Dynamic Macroeconomic Analysis (2007)
12. Fiscal Policy in a Monetary Union: Can Fiscal Cooperation be Counterproductive?
    Department of Economics Discussion Papers, Department of Economics, University of Surrey
13. Growth and Welfare Effects of East-West European Migration
    Department of Economics Discussion Papers, Department of Economics, University of Surrey
14. Linear-quadratic approximation, external habit and targeting rules
    Working Paper Series, European Central Bank View citations
    See also Journal Article in Journal of Economic Dynamics and Control (2008)
15. Monetary Policy Coordination Revisited in a Two-Bloc DSGE Model
    Department of Economics Discussion Papers, Department of Economics, University of Surrey
16. Monetary Rules in Emerging Economies with Financial Market Imperfections
    Department of Economics Discussion Papers, Department of Economics, University of Surrey View citations
    See also Chapter (2007)
17. Optimal Administered Incentive Pricing of Spectrum
    Department of Economics Discussion Papers, Department of Economics, University of Surrey
18. Quantifying and sustaining welfare gains from monetary commitment
    Working Paper Series, European Central Bank View citations
    See also Journal Article in Journal of Monetary Economics (2008)
19. Spectrum Property Rights Versus a Commons Model: Exploitation of Mesh Networks
    Department of Economics Discussion Papers, Department of Economics, University of Surrey View citations
20. The Credibility Problem Revisited: Thirty Years on from Kydland and Prescott
    Department of Economics Discussion Papers, Department of Economics, University of Surrey View citations
    See also Journal Article in Review of International Economics (2008)

2006

21. Central Bank Independence and the `Free Lunch Puzzle': A New Perspective
    Department of Economics Discussion Papers, Department of Economics, University of Surrey
22. Inflation forecast-based-rules and indeterminacy: a puzzle and a resolution
    Working Paper Series, European Central Bank View citations
    See also Journal Article in International Journal of Central Banking (2007)
23. Labour Market and Investment Effects of Remittances
    Department of Economics Discussion Papers, Department of Economics, University of Surrey View citations
24. Linear-Quadratic Approximation, Efficiency and Target-Implementability
    Computing in Economics and Finance 2006, Society for Computational Economics View citations
25. Public Debt Maturity and Currency Crises
    Department of Economics Discussion Papers, Department of Economics, University of Surrey
    See also Journal Article in Scottish Journal of Political Economy (2008)
26. Robust Estimates of the New Keynesian Phillips Curve
    Department of Economics Discussion Papers, Department of Economics, University of Surrey View citations
27. The 24/7 Society and Multiple Habits
    Department of Economics Discussion Papers, Department of Economics, University of Surrey
28. Welfare Gains from Monetary Commitment in a Model of the Euro-Area
    Computing in Economics and Finance 2006, Society for Computational Economics

2005

29. A Note on: Jury Size and the Free Rider Problem
    Department of Economics Discussion Papers, Department of Economics, University of Surrey
    See also Journal Article in Economics Bulletin (2006)
30. Military Procurement, Industry Structure and Regional Conflict
    Studies in Economics, Department of Economics, University of Kent View citations
31. Optimal Sliding Scale Regulation: An Application to Regional Electricity Distribution in England and Wales
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in Surrey Energy Economics Centre (SEEC), Department of Economics Discussion Papers (SEEDS), Surrey Energy Economics Centre (SEEC), Department of Economics, University of Surrey (2005)
    See also Journal Article in Oxford Economic Papers (2007)
32. Strategic Procurement, Openness and Market Structure
    Studies in Economics, Department of Economics, University of Kent View citations
    Also in Department of Economics Discussion Papers, Department of Economics, University of Surrey (2004)
    See also Journal Article in International Journal of Industrial Organization (2008)
33. Taste for Variety and Optimum Product Diversity in an Open Economy
    Studies in Economics, Department of Economics, University of Kent
    See also Journal Article in Bulletin of Economic Research (2009)

2004

34. Can Risk Aversion in Firms Reduce Unemployment Persistence?
    Department of Economics Discussion Papers, Department of Economics, University of Surrey
35. Export Credit Gurantees, Moral Hazard and Exports Quality
    Studies in Economics, Department of Economics, University of Kent
    See also Journal Article in Bulletin of Economic Research (2004)
36. Indeterminacy with inflation-forecast-based rules in a two-bloc model
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations
    Also in Working Paper Series, European Central Bank (2004) View citations
    See also Journal Article in Proceedings (2003)
37. Robust Control Rules to Shield Against Indeterminacy
    Computing in Economics and Finance 2004, Society for Computational Economics
38. Robust Inflation-Forecast-Based Rules to Shield against Indeterminacy
    Department of Economics Discussion Papers, Department of Economics, University of Surrey View citations
    See also Journal Article in Journal of Economic Dynamics and Control (2006)

2003

39. Arms Export Controls, Subsidies and the WTO Exemption
    Studies in Economics, Department of Economics, University of Kent
    See also Journal Article in Scottish Journal of Political Economy (2005)
40. Concentration in the International Arms Industry¤
    Discussion Papers, University of the West of England, Department of Economics View citations
41. Forward-Looking Rules in a 2-country Context
    Computing in Economics and Finance 2003, Society for Computational Economics
42. Independent Utility Regulators: Lessons from Monetary Policy
    Department of Economics Discussion Papers, Department of Economics, University of Surrey View citations
43. Price Regulation, Investment and the Commitment Problem
    Department of Economics Discussion Papers, Department of Economics, University of Surrey View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations
44. Self-Stabilizing Firms and Unemployment Persistence
    Department of Economics Discussion Papers, Department of Economics, University of Surrey
45. The Economic Impact of Migration: A Survey
    Department of Economics Discussion Papers, Department of Economics, University of Surrey View citations
46. The Immigration Surplus Revisited in a General Equilibrium Model with Endogenous Growth
    Department of Economics Discussion Papers, Department of Economics, University of Surrey View citations
    See also Journal Article in Journal of Regional Science (2007)

2002

47. Market Entry and Roll-out With Product Differentiation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Royal Economic Society Annual Conference 2002, Royal Economic Society (2002)
48. The Economic Effects of Spectrum Trading
    Royal Economic Society Annual Conference 2002, Royal Economic Society View citations

1999

49. Delegation and the Ratchet Effect: Should Regulators Be Pro-Industry?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
50. Winners and Losers in a North-South Model of Growth, Innovation and Product Cycles
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Journal of Development Economics (2001)

1998

51. Monetary Union: The Ins and Outs of Strategic Delegation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Manchester School (2001)

1997

52. Dynamic Aspect of Growth and Fiscal Policy
    Department of Economics Discussion Papers, Department of Economics, University of Surrey
53. The Welfare Economics of Rural to Urban Migration: The Harris-Todaro Model Revisited
    Department of Economics Discussion Papers, Department of Economics, University of Surrey View citations

1996

54. Independent but Accountable: Walsh Contracts and the Credibility Problem
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
55. Phases of Imitation and Innovation in a North-South Endogenous Growth Model
    Department of Economics Discussion Papers, Department of Economics, University of Surrey View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations
    See also Journal Article in Oxford Economic Papers (1999)

1995

56. Can Delegation be Counterproductive? The Choice of 'Conservative' Bankers in Open Economies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

1994

57. Fiscal and Monetary Policy in a Monetary Union: Credible Inflation Targets or Monetised Debt?
    Department of Economics Discussion Papers, Department of Economics, University of Surrey View citations
    See also Journal Article in Review of World Economics (Weltwirtschaftliches Archiv) (1996)
58. Growth, Debt and Public Infrastructure
    Department of Economics Discussion Papers, Department of Economics, University of Surrey View citations
    See also Journal Article in Economic Change and Restructuring (1995)
59. Labour Market Structure, Conservative Bankers and the Feasibility of Monetary Union
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

1993

60. Migration Theory and Evidence: An Assessment
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
61. Optimal Tax Policy, Government Myopia and Insolvency
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
62. The Economics of the International Arms Trade
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1992

63. Fiscal Policy Coordination and EMU: A Dynamic Game Approach
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Journal of Economic Dynamics and Control (1994)
64. Fiscal and Monetary Policy Under EMU: Credible Inflation Targets or Unpleasant Monetary Arithmetic?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
65. Monetary Policy and Reputational Equilibria: A Resolution of the Non-Uniqueness Problem
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
66. The Adjustment Towards National Solvency in Developing Countries: An Application to India
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1991

67. Should Rules be Simple?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Economic Change and Restructuring (1992)

1990

68. Credibility, Ambiguity and Asymmetric Information with Wage/Price Stickiness
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
69. European Monetary Union or Hard EMS?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in European Economic Review (1992)

1988

70. Does Time Inconsistency Matter?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
71. Macroeconomic Policy Design Using Large Rational Expectations Models: Methodology and Applications
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1987

72. International Cooperation and Reputation in an Empirical Two-Bloc Model
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

1986

73. Credibility and Time Inconsistency in a Stochastic World
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
74. The Sustainability of Optimal Cooperative Macroeconomic Policies in a Two-Country World
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1984

75. An Evaluation of Alternative Indicator Regimes for Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

Undated

76. Can Political Monetary Cycles be Avoided?
    Discussion Papers in European Economics, Department of Economics, University of Leicester
    See also Journal Article in Journal of Monetary Economics (1998)
77. Central Bank Independence: Gain Without Pain?
    Discussion Papers in European Economics, Department of Economics, University of Leicester
    Also in Discussion Papers in Economics, Department of Economics, University of Leicester

Journal Articles

2009

1. How forward-looking is the Fed? Direct estimates from a [`]Calvo-type' rule
   Economics Letters, 2009, 104, (2), 92-95
   See also Working Paper (2008)
2. TASTE FOR VARIETY AND OPTIMUM PRODUCT DIVERSITY IN AN OPEN ECONOMY
   Bulletin of Economic Research, 2009, 61, (2), 127-138
   See also Working Paper (2005)

2008

3. Linear-quadratic approximation, external habit and targeting rules
   Journal of Economic Dynamics and Control, 2008, 32, (10), 3315-3349 View citations
   See also Working Paper (2007)
4. Lobbies, delegation and the under-investment problem in regulation
   International Journal of Industrial Organization, 2008, 26, (1), 17-40 View citations
5. PUBLIC DEBT MATURITY AND CURRENCY CRISES
   Scottish Journal of Political Economy, 2008, 55, (1), 79-106
   See also Working Paper (2006)
6. Quantifying and sustaining welfare gains from monetary commitment
   Journal of Monetary Economics, 2008, 55, (7), 1253-1276
   See also Working Paper (2007)
7. Strategic procurement, openness and market structure
   International Journal of Industrial Organization, 2008, 26, (5), 1180-1190
   See also Working Paper (2005)
8. The Credibility Problem Revisited: Thirty Years on from Kydland and Prescott
   Review of International Economics, 2008, 16, (4), 728-746
   See also Working Paper (2007)

2007

9. DETERMINING THE DEFENCE INDUSTRIAL BASE
   Defence and Peace Economics, 2007, 18, (3), 199-221
10. Inflation-Forecast-Based Rules and Indeterminacy: A Puzzle and a Resolution
    International Journal of Central Banking, 2007, 3, (4), 77-110 View citations
    See also Working Paper (2006)
11. MILITARY EXPENDITURE AND MIGRATION IN EUROPE
    Defence and Peace Economics, 2007, 18, (4), 305-316
12. Optimal sliding scale regulation: an application to regional electricity distribution in England and Wales
    Oxford Economic Papers, 2007, 59, (3), 458-485
    See also Working Paper (2005)
13. THE IMMIGRATION SURPLUS REVISITED IN A GENERAL EQUILIBRIUM MODEL WITH ENDOGENOUS GROWTH
    Journal of Regional Science, 2007, 47, (3), 569-601 View citations
    See also Working Paper (2003)

2006

14. A note on: jury size and the free rider problem
    Economics Bulletin, 2006, 4, (3), 1-12
    See also Working Paper (2005)
15. Idle worship
    Economics Letters, 2006, 90, (1), 77-83 View citations
16. Managing asymmetric conflict
    Oxford Economic Papers, 2006, 58, (2), 183-208 View citations
17. Robust inflation-forecast-based rules to shield against indeterminacy
    Journal of Economic Dynamics and Control, 2006, 30, (9-10), 1491-1526 View citations
    See also Working Paper (2004)

2005

18. ARMS EXPORT CONTROLS, SUBSIDIES AND THE WTO EXEMPTION
    Scottish Journal of Political Economy, 2005, 52, (2), 305-322
    See also Working Paper (2003)
19. Utility price regulation and time inconsistency: comparisons with monetary policy
    Oxford Economic Papers, 2005, 57, (3), 447-478 View citations

2004

20. Export Credit Guarantees, Moral Hazard and Exports Quality
    Bulletin of Economic Research, 2004, 56, (4), 311-327
    See also Working Paper (2004)

2003

21. Indeterminacy with inflation-forecast-cased rules in a two-bloc model
    Proceedings, 2003
    See also Working Paper (2004)

2002

22. Delegation and Fiscal Policy in the Open Economy: More Bad News for Rogoff's Delegation Game
    Open Economies Review, 2002, 13, (2), 153-174 View citations
23. North-South Models of Growth and Trade
    Journal of Economic Surveys, 2002, 16, (2), 123-65 View citations

2001

24. Does Precommitment Raise Growth? The Dynamics of Growth and Fiscal Policy
    Scandinavian Journal of Economics, 2001, 103, (2), 295-316
25. Monetary Union: The Ins and Outs of Strategic Delegation
    Manchester School, 2001, 69, (3), 285-309 View citations
    See also Working Paper (1998)
26. Public Debt and Inflation: The Role of Inflation-Sensitive Instruments
    Manchester School, 2001, 69, 1-21 View citations
27. Winners and losers in a North-South model of growth, innovation and product cycles
    Journal of Development Economics, 2001, 65, (2), 333-365
    See also Working Paper (1999)

2000

28. The Arms Trade Game: From Laissez-Faire to a Common Defence Policy
    Oxford Economic Papers, 2000, 52, (2), 357-80 View citations

1999

29. CREDIBILITY AND REPUTATION OF MONETARY POLICY
    Politická ekonomie, 1999, 1999, (1)
30. Phases of Imitation and Innovation in a North-South Endogenous Growth Model
    Oxford Economic Papers, 1999, 51, (1), 60-88 View citations
    See also Working Paper (1996)
31. The welfare economics of immigration control
    Journal of Population Economics, 1999, 12, (1), 23-43 View citations

1998

32. Can political monetary cycles be avoided?
    Journal of Monetary Economics, 1998, 42, (3), 525-545 View citations
    See also Working Paper

1997

33. The arms trade and the stability of regional arms races
    Journal of Economic Dynamics and Control, 1997, 21, (2-3), 631-654 View citations
34. The arms trade: winners and losers
    Economic Policy, 1997, 12, (25), 335-370 View citations

1996

35. Fiscal and monetary policy in a monetary union: Credible inflation targets or monetized debt?
    Review of World Economics (Weltwirtschaftliches Archiv), 1996, 132, (1), 28-54 View citations
    See also Working Paper (1994)
36. Migration Theories and Evidence: An Assessment
    Journal of Economic Surveys, 1996, 10, (2), 159-98 View citations
37. The Choice of 'Conservative' Bankers in Open Economies: Monetary Regime Options for Europe
    Economic Journal, 1996, 106, (435), 345-58 View citations

1995

38. Growth, Debt and Public Infrastructure
    Economic Change and Restructuring, 1995, 28, (2-3), 119-46
    See also Working Paper (1994)
39. The Arms Trade and Arms Control
    Economic Journal, 1995, 105, (429), 471-84 View citations

1994

40. Can reputation resolve the monetary policy credibility problem?
    Journal of Monetary Economics, 1994, 33, (2), 355-380 View citations
41. Credibility, Ambiguity and Asymmetric Information with Wage Stickiness
    The Manchester School of Economic & Social Studies, 1994, 62, (1), 21-39 View citations
42. Fiscal policy coordination and EMU: A dynamic game approach
    Journal of Economic Dynamics and Control, 1994, 18, (3-4), 699-729 View citations
    See also Working Paper (1992)
43. Robust rules for G3 macroeconomic policy coordination
    Economic Modelling, 1994, 11, (1), 87-104

1993

44. Fiscal Policy Co-ordination under EMU and the Choice of Monetary Instrument
    The Manchester School of Economic & Social Studies, 1993, 61, 1-12 View citations
45. The Design of Economic Policy under Model Uncertainty
    Computational Economics, 1993, 6, (3-4), 219-40 View citations

1992

46. European monetary union or hard EMS?
    European Economic Review, 1992, 36, (6), 1185-1204 View citations
    See also Working Paper (1990)
47. Should Rules Be Simple?
    Economic Change and Restructuring, 1992, 25, (2), 113-38 View citations
    See also Working Paper (1991)

1991

48. Macroeconomic Policy Using Large Econometric Rational Expectations Models: Methodology and Application
    Oxford Economic Papers, 1991, 43, (1), 25-58 View citations
49. Partial Information and Volatility in a Two-Bloc World
    Economic Change and Restructuring, 1991, 24, (1), 13-26

1989

50. The London Business School econometric model: Some recent developments
    Economic Modelling, 1989, 6, (3), 243-351

1988

51. The gains from optimal control in a small econometric model of the UK
    Journal of Economic Dynamics and Control, 1988, 12, (1), 13-18
52. Unemployment, Vacancies and the Long-term Unemployed
    Economic Journal, 1988, 98, (393), 1071-91 View citations

1987

53. Does International Macroeconomic Policy Coordination Pay and Is It Sustainable?: A Two Country Analysis
    Oxford Economic Papers, 1987, 39, (1), 38-74 View citations
54. Long-term unemployment and the shifting U-V curve: A multi-country study
    European Economic Review, 1987, 31, (1-2), 296-305 View citations
55. The design of feedback rules in linear stochastic rational expectations models
    Journal of Economic Dynamics and Control, 1987, 11, (1), 1-28 View citations
56. The trade-off between simplicity and optimality in macroeconomic policy design
    Journal of Economic Dynamics and Control, 1987, 11, (2), 173-178

1986

57. Rational expectations models with partial information
    Economic Modelling, 1986, 3, (2), 90-105 View citations
58. The formulation of robust policies for rival rational expectations models of the economy
    Journal of Economic Dynamics and Control, 1986, 10, (1-2), 93-97 View citations
59. Time inconsistency and optimal policies in deterministic and stochastic worlds
    Journal of Economic Dynamics and Control, 1986, 10, (1-2), 191-199 View citations

1985

60. Optimal feedback rules in an open economy macromodel with rational expectations
    European Economic Review, 1985, 27, (2), 141-163 View citations
61. Simple Macropolicy Rules for the Open Economy
    Economic Journal, 1985, 95, (380a), 60-70 View citations
62. The stability of the cournot oligopoly model: A reassessment
    Journal of Economic Theory, 1985, 35, (2), 307-321 View citations

1981

63. The Financial Characteristics of Firms and Theories of Merger Activity
    Journal of Industrial Economics, 1981, 30, (2), 149-72 View citations

Chapters

2007

1. Arms Trade and Arms Races: A Strategic Analysis
   Elsevier
2. Monetary Rules in Emerging Economies with Financial Market Imperfections
   A chapter in International Dimensions of Monetary Policy, 2007 View citations
   See also Working Paper (2007)

1985

3. Macroeconomic Policy Design In An Interdependent World
   A chapter in International Economic Policy Coordination, 1985, pp 228-273 View citations