Details about Ronald MacDonald

E-mail:
Phone:	44-(0)141-330-1988
Postal address:	Economics Adam Smith Business School Gilbert Scott Building University of Glasgow Glasgow G12 8QQ UK
Workplace:	Department of Economics, Business School, University of Glasgow, (more information at EDIRC)

Access statistics for papers by Ronald MacDonald.

Last updated 2013-05-07. Update your information in the RePEc Author Service.

Short-id: pma235

Jump to Journal Articles Edited books

Working Papers

2001

A real differential view of equilibrium real exchange rate
Discussion Paper Series In Economics And Econometrics, University of Southampton, Economics Division, School of Social Sciences View citations (6)
Modelling the long-run real effective exchange rate of the New Zealand Dollar
Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand
See also Journal Article in Australian Economic Papers (2002)
The Inter-War Gold Exchange Standard: Credibility and Monetary Independence
NBER Working Papers, National Bureau of Economic Research, Inc
See also Journal Article in Journal of International Money and Finance (2003)

2000

Concepts to Calculate Equilibrium Exchange Rates: An Overview
Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, Research Centre View citations (52)
Does Consumption Deviate from the Permanent Income Path? An Empirical Study of UK Data
Dundee Discussion Papers in Economics, Economic Studies, University of Dundee
Filtering the BEER - A Permanent and Transitory Decomposition
IMF Working Papers, International Monetary Fund View citations (37)
See also Journal Article in Global Finance Journal (2004)
Interest Rate and Price Linkages between the USA and Japan: Evidence from the Post-Bretton Woods Period
Discussion Papers, University of Copenhagen. Department of Economics View citations (1)
Monetary policy independence in the ERM: was there any?
International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
The Role of the Exchange Rate in Economic Growth
Working Papers, Warwick - Development Economics Research Centre View citations (1)
The role of the exchange rate in economic growth: a euro-zone perspective
Working Paper Research, National Bank of Belgium View citations (22)

1999

Currency Spillovers and Tri-Polarity: A Simultaneous Model of the US Dollar, German Mark and Japanese Yen
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
Also in Working Papers, Warwick Business School, Financial Econometrics Research Centre (1999)
See also Journal Article in Journal of International Money and Finance (2004)
Models of Exchange Rate Expectations: Heterogeneous Evidence from Panel Data
Working Papers, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor. View citations (4)
Also in THEMA Working Papers, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise (1999) View citations (5)
Working Papers, CEPII research center (1999) View citations (6)
The Long-Run Relationship Between Real Exchange Rates and Real Interest Rate Differentials - A Panel Study
IMF Working Papers, International Monetary Fund View citations (5)
See also Journal Article in IMF Staff Papers (2000)

1998

Deviations of Exchange Rates from Purchasing Power Parity - A Story Featuring Two Monetary Unions
IMF Working Papers, International Monetary Fund View citations (1)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations (2)
See also Journal Article in IMF Staff Papers (1999)
Exchange Rates and Economic Fundamentals - A Methodological Comparison of BEERs and FEERs
IMF Working Papers, International Monetary Fund View citations (96)
What do we really know about exchange rates?
Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) View citations (16)

1997

On the Japanese Yen-US Dollar Exchange Rate: A Structural Econometric Model Based on Real Interest Differentials
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
See also Journal Article in Journal of the Japanese and International Economies (1998)
Violations of the `Rules of the Game' and the Credibility of the Classical Gold Standard, 1880-1914
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
What Determines Real Exchange Rates? The Long and Short of It
IMF Working Papers, International Monetary Fund View citations (50)

1995

Asset Market and Balance of Payments Characteristics - An Eclectic Exchange Rate Model for the Dollar, Mark, and Yen
IMF Working Papers, International Monetary Fund View citations (3)
See also Journal Article in Open Economies Review (1999)
Long-Run Exchange Rate Modeling - A Survey of the Recent Evidence
IMF Working Papers, International Monetary Fund View citations (48)
See also Journal Article in IMF Staff Papers (1995)

1994

Consumption, Income, and International Capital Market Integration
IMF Working Papers, International Monetary Fund View citations (7)
See also Journal Article in IMF Staff Papers (1995)

1992

The Monetary Approach to the Exchange Rate: Rational Expectations, Long-Run Equilibrium and Forecasting
IMF Working Papers, International Monetary Fund View citations (15)
See also Journal Article in IMF Staff Papers (1993)

1991

Exchange Rate Economics: A Survey
IMF Working Papers, International Monetary Fund View citations (54)
See also Journal Article in IMF Staff Papers (1992)

1990

Exchange Rates, Policy Convergence and the European Monetary System
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
Also in Dundee Discussion Papers in Economics, Economic Studies, University of Dundee
See also Journal Article in The Review of Economics and Statistics (1991)
RECENT DEVELOPMENTS IN MONETARY THEORY
Working Papers, New South Wales - School of Economics
Also in Dundee Discussion Papers in Economics, Economic Studies, University of Dundee
Some Specification Tests of Uncovered Interest Parity
Discussion Papers (REL - Recherches Economiques de Louvain), Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)
THE STABILITY OF MONETARY VELOCITIES IN THE UNITED KINGDOM AND THE UNITED STATES 1871-1975: A COINTEGRATION ANALYSIS
Working Papers, Western Sydney - School of Business And Technology

Undated

A Restatement of the Case for Fiscal Autonomy (or: The Barnett Formula - a formula for Rake's Progress)
Working Papers, Business School - Economics, University of Glasgow View citations (2)
ARE FOREIGN EXCHANGE MARKET FORECASTERS 'RATIONAL'?: SOME SURVEY BASED TESTS
Dundee Discussion Papers in Economics, Economic Studies, University of Dundee
See also Journal Article in The Manchester School of Economic & Social Studies (1990)
EMPLOYMENT IN UK MANUFACTURING: A VECTOR AUTOGRESSION
Dundee Discussion Papers in Economics, Economic Studies, University of Dundee
LONG RUN PURCHASING POWER PARITY: IS IT FOR REAL?
Dundee Discussion Papers in Economics, Economic Studies, University of Dundee
See also Journal Article in The Review of Economics and Statistics (1993)
PERSISTENCE IN UK MARKET RETURNS: AN AGGREGATED AND DISAGGREGATED PERSPECTIVE
Dundee Discussion Papers in Economics, Economic Studies, University of Dundee
REGIONAL VARIATIONS IN INFLATION IN CANADA:AN EXPLORATORY DATA ANALYSIS
Dundee Discussion Papers in Economics, Economic Studies, University of Dundee
SOME TESTS OF THE GOVERNMENT'S INTERTEMPORAL BUDGET CONSTRAINTS USING US DATA
Dundee Discussion Papers in Economics, Economic Studies, University of Dundee
SPOT AND FORWARD METALS PRICES: EFFICIENCY AND TIME SERIES BEHAVIOUR
Dundee Discussion Papers in Economics, Economic Studies, University of Dundee
WEALTH ALLOCATION AND CONSUMPTION AN EMPIRICAL STUDY OF U.K. DATA
Dundee Discussion Papers in Economics, Economic Studies, University of Dundee

Journal Articles

2013

A new approach to tests of pricing-to-market
Journal of International Money and Finance, 2013, 32, (C), 654-667
Does the euro dominate Central and Eastern European money markets?
Journal of International Money and Finance, 2013, 32, (C), 700-718
See also Working Paper (2010)
Nominal interest rates and stationarity
Review of Quantitative Finance and Accounting, 2013, 40, (4), 741-745
See also Working Paper (2010)

2012

Debate: Scotland's fiscal options—a response to Midwinter
Public Money & Management, 2012, 32, (3), 161-163
IMF Support and Inter-Regime Exchange Rate Volatility
Open Economies Review, 2012, 23, (1), 193-211
See also Working Paper (2007)
Realized and Optimal Monetary Policy Rules in an Estimated Markov‐Switching DSGE Model of the United Kingdom
Journal of Money, Credit and Banking, 2012, 44, (6), 1091-1116
See also Working Paper (2011)
The role of institutions in cross-section income and panel data growth models: A deeper investigation on the weakness and proliferation of instruments
Journal of Comparative Economics, 2012, 40, (1), 127-140
See also Working Paper (2010)

2011

CLIMBING TO THE TOP? FOREIGN DIRECT INVESTMENT AND PROPERTY RIGHTS
Economic Inquiry, 2011, 49, (1), 289-302 View citations (2)
See also Working Paper (2009)
Remilitarization and the End of the Gold Bloc in 1936
De Economist, 2011, 159, (3), 305-321
The global dimension to fiscal sustainability
Journal of Macroeconomics, 2011, 33, (2), 137-150 View citations (2)
See also Working Paper (2008)

2010

Do Institutions Matter for Foreign Direct Investment?
Open Economies Review, 2010, 21, (2), 201-219 View citations (6)
See also Working Paper (2008)
Three-Regime Asymmetric STAR Modeling and Exchange Rate Reversion
Journal of Money, Credit and Banking, 2010, 42, (7), 1447-1467 View citations (1)

2009

Capital Flows and Growth in Developing Countries: A Dynamic Panel Data Analysis
Oxford Development Studies, 2009, 37, (2), 101-122 View citations (1)
MONETARY TRANSMISSION MECHANISM IN CENTRAL AND EASTERN EUROPE: SURVEYING THE SURVEYABLE
Journal of Economic Surveys, 2009, 23, (2), 277-327 View citations (18)
See also Working Paper (2008)
Monetary policy shocks and stock returns: evidence from the British market
Financial Markets and Portfolio Management, 2009, 23, (4), 401-410 View citations (2)
See also Working Paper (2006)
Real exchange rates and real interest rate differentials: A present value interpretation
European Economic Review, 2009, 53, (8), 952-970 View citations (1)
See also Working Paper (2009)
Sterling in crisis, 1964–1967
European Review of Economic History, 2009, 13, (03), 437-459
See also Working Paper (2009)

2008

Catching-up and inflation differentials in a heterogeneous monetary union: Some implications for the euro area and new EU Member States
Economic Systems, 2008, 32, (1), 4-16 View citations (5)
Trade Costs, Trade Balances and Current Accounts: An Application of Gravity to Multilateral Trade
Open Economies Review, 2008, 19, (5), 557-578 View citations (2)
See also Working Paper (2007)
US trade and exchange rate volatility: A real sectoral bilateral analysis
Journal of Macroeconomics, 2008, 30, (1), 238-259 View citations (7)
See also Working Paper (2006)

2007

Disaggregate Real Exchange Rate Behaviour
Open Economies Review, 2007, 18, (4), 389-404
See also Working Paper (2007)
Fatal attraction: Using distance to measure contagion in good times as well as bad
Review of Financial Economics, 2007, 16, (3), 259-273 View citations (7)
Real exchange rates, imperfect substitutability, and imperfect competition
Journal of Macroeconomics, 2007, 29, (4), 639-664 View citations (13)
The impact of central bank intervention on exchange-rate forecast heterogeneity
Journal of the Japanese and International Economies, 2007, 21, (1), 38-63 View citations (8)
See also Working Paper (2007)

2006

Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues *
Journal of Economic Surveys, 2006, 20, (2), 257-324 View citations (5)
Monetary Transmission in Central and Eastern Europe: Gliding on a Wind of Change
Focus on European Economic Integration, 2006, (1), 44 - 87 View citations (11)
Real exchange rates and real interest rates: a nonlinear perspective
Recherches économiques de Louvain, 2006, 72, (2), 177-194 View citations (1)
See also Working Paper (2006)

2005

Do fundamentals matter for the D-Mark/Euro-Dollar? A regime switching approach
Global Finance Journal, 2005, 15, (3), 321-335
See also Working Paper (2003)
EXOGENEITY IN A RECENT EXCHANGE RATE MODEL: A REPLY
South African Journal of Economics, 2005, 73, (4), 747-753
Interest rate interactions in the classical gold standard, 1880-1914: was there any monetary independence?
Journal of Monetary Economics, 2005, 52, (2), 307-327 View citations (4)
Markov switching regimes in a monetary exchange rate model
Economic Modelling, 2005, 22, (3), 485-502 View citations (19)
See also Working Paper (2004)
THE REAL EXCHANGE RATE AND THE BALASSA-SAMUELSON EFFECT: THE ROLE OF THE DISTRIBUTION SECTOR
Pacific Economic Review, 2005, 10, (1), 29-48 View citations (5)
The monetary approach to exchange rates in the CEECs
The Economics of Transition, 2005, 13, (2), 395-416 View citations (55)
See also Working Paper (2004)

2004

Can portfolio adjustments explain deviations of consumption from permanent income?: An empirical study of UK data
The North American Journal of Economics and Finance, 2004, 15, (3), 313-331
Catching up: The role of demand, supply and regulated price effects on the real exchange rates of four accession countries
The Economics of Transition, 2004, 12, (1), 153-179 View citations (22)
See also Working Paper (2003)
Currency spillovers and tri-polarity: a simultaneous model of the US dollar, German mark and Japanese yen
Journal of International Money and Finance, 2004, 23, (1), 99-111 View citations (7)
See also Working Paper (1999)
ESTIMATION OF THE EQUILIBRIUM REAL EXCHANGE RATE FOR SOUTH AFRICA
South African Journal of Economics, 2004, 72, (2), 282-304 View citations (18)
See also Working Paper (2003)
Filtering the BEER: A permanent and transitory decomposition
Global Finance Journal, 2004, 15, (1), 29-56 View citations (4)
See also Working Paper (2000)
International parity relationships between the USA and Japan
Japan and the World Economy, 2004, 16, (1), 17-34 View citations (13)
Nonlinear Exchange Rate Dynamics in Target Zones: A Bumpy Road Toward a Honeymoon
Some Evidence from the ERM, ERM II and Selected New EU Member States
Focus on European Economic Integration, 2004, (1), 46 - 69

2003

Credibility and Interest Rate Discretion in the ERM
Open Economies Review, 2003, 14, (4), 351-368 View citations (4)
Models of exchange rate expectations: how much heterogeneity?
Journal of International Financial Markets, Institutions and Money, 2003, 13, (2), 113-136 View citations (31)
The inter-war gold exchange standard: credibility and monetary independence
Journal of International Money and Finance, 2003, 22, (1), 1-32 View citations (5)
See also Working Paper (2001)

2002

A Method for Indicating Economic Transition with an Application to Albania
Eastern Economic Journal, 2002, 28, (4), 465-480
Aggregate and disaggregate measures of the foreign exchange risk premium
International Review of Economics & Finance, 2002, 11, (1), 57-84 View citations (8)
Modelling the Long-run Real Effective Exchange Rate of the New Zealand Dollar
Australian Economic Papers, 2002, 41, (4), 519-537 View citations (5)
See also Working Paper (2001)

2001

The Instability of the Money Demand Function: An I(2) Interpretation
Oxford Bulletin of Economics and Statistics, 2001, 63, (4), 475-95 View citations (6)
The law of one price for transitional Ukraine
Economics Letters, 2001, 73, (2), 251-256 View citations (5)
The spot-forward relationship revisited: an ERM perspective
Journal of International Financial Markets, Institutions and Money, 2001, 11, (1), 29-52 View citations (4)

2000

An Assessment of the Causes of the Abandonment of the Gold Standard by the U.S. in 1933
Southern Economic Journal, 2000, 67, (2), 448-459 View citations (1)
Expectations Formation and Risk in Three Financial Markets: Surveying What the Surveys Say
Journal of Economic Surveys, 2000, 14, (1), 69-100 View citations (16)
Is the foreign exchange market 'risky'? Some new survey-based results
Journal of Multinational Financial Management, 2000, 10, (1), 1-14
Modeling the ECU against the U.S. Dollar: A Structural Monetary Interpretation
Journal of Business & Economic Statistics, 2000, 18, (4), 436-50 View citations (11)
Realignment expectations and the US dollar, 1890-1897: Was there a 'Peso problem'?
Journal of Monetary Economics, 2000, 46, (3), 605-620 View citations (12)
The Long-Run Relationship Between Real Exchange Rates and Real Interest Rate Differentials: A Panel Study
IMF Staff Papers, 2000, 47, (1), 5 View citations (36)
See also Working Paper (1999)

1999

Asset Market and Balance of Payments Characteristics: An Eclectic Exchange Rate Model for the Dollar, Mark and Yen
Open Economies Review, 1999, 10, (1), 5-29
See also Working Paper (1995)
Deviations of Exchange Rates from Purchasing Power Parity: A Story Featuring Two Monetary Unions
IMF Staff Papers, 1999, 46, (1), 5 View citations (14)
See also Working Paper (1998)
Exchange Rate Behaviour: Are Fundamentals Important?
Economic Journal, 1999, 109, (459), F673-91 View citations (29)
The Asian currency crash: were badly driven fundamentals to blame?
Journal of Asian Economics, 1999, 10, (4), 537-550 View citations (11)
The Japan Yen Foreign Exchange Volatility Redux; A Dual Relationship
European Research Studies Journal, 1999, II, (1-4), 3-14
The width of the band and exchange rate mean-reversion: some further ERM-based results
Journal of International Money and Finance, 1999, 18, (3), 411-428 View citations (15)

1998

Monetary-based models of the exchange rate: a panel perspective
Journal of International Financial Markets, Institutions and Money, 1998, 8, (1), 1-19 View citations (10)
On the Japanese Yen-U.S. Dollar Exchange Rate: A Structural Econometric Model Based on Real Interest Differentials
Journal of the Japanese and International Economies, 1998, 12, (1), 75-102 View citations (11)
See also Working Paper (1997)
On the mean-reverting properties of target zone exchange rates: Some evidence from the ERM
European Economic Review, 1998, 42, (8), 1493-1523 View citations (19)
What determines real exchange rates?: The long and the short of it
Journal of International Financial Markets, Institutions and Money, 1998, 8, (2), 117-153 View citations (21)

1997

Business Conditions and Speculative Assets
The Manchester School of Economic & Social Studies, 1997, 65, (4), 379-93 View citations (3)
Crash! Expectational Aspects of the Departures of the United Kingdom and the United States from the Inter-War Gold Standard
Explorations in Economic History, 1997, 34, (2), 174-194 View citations (2)
On Fundamentals And Exchange Rates: A Casselian Perspective
The Review of Economics and Statistics, 1997, 79, (4), 655-664 View citations (51)
Some tests of market microstructure hypotheses in the foreign exchange market
Journal of Multinational Financial Management, 1997, 7, (3), 203-229 View citations (8)

1996

Currency forecasters are heterogeneous: confirmation and consequences
Journal of International Money and Finance, 1996, 15, (5), 665-685 View citations (47)
Hétérogénéité des prévisionnistes: une exploration des anticipations sur le marché des changes
Économie et Prévision, 1996, 125, (4), 109-115
Long-Run Exchange Rate Modeling: A Reply to Moosa
IMF Staff Papers, 1996, 43, (2), 455-456
Panel unit root tests and real exchange rates
Economics Letters, 1996, 50, (1), 7-11 View citations (85)

1995

Consumption, Income, and International Capital Market Integration
IMF Staff Papers, 1995, 42, (3), 552-576 View citations (8)
See also Working Paper (1994)
Exchange rates, financial innovation and divisia money: the sterling/dollar rate 1972-1990
Journal of International Money and Finance, 1995, 14, (4), 493-513
Long-Run Exchange Rate Modeling: A Survey of the Recent Evidence
IMF Staff Papers, 1995, 42, (3), 437-489 View citations (35)
See also Working Paper (1995)
Stock prices, dividends and retention: Long-run relationships and short-run dynamics
Journal of Empirical Finance, 1995, 2, (2), 135-151 View citations (7)

1994

Empirical evidence on the recent behavior and usefulness of simple-sum and weighted measures of the money stock
Review, 1994, (Mar), 73-109 View citations (8)
On the Expectations View of the Term Structure, Term Premia and Survey-Based Expectations
Economic Journal, 1994, 104, (426), 1070-86 View citations (1)
The monetary model of the exchange rate: long-run relationships, short-run dynamics and how to beat a random walk
Journal of International Money and Finance, 1994, 13, (3), 276-290 View citations (80)

1993

Long-Run Purchasing Power Parity: Is It for Real?
The Review of Economics and Statistics, 1993, 75, (4), 690-95 View citations (21)
See also Working Paper
Regional House Prices in Britain: Long-Run Relationships and Short-Run Dynamics
Scottish Journal of Political Economy, 1993, 40, (1), 43-55 View citations (10)
Stock prices, efficiency and cointegration: The case of the UK
International Review of Economics & Finance, 1993, 2, (3), 251-265 View citations (3)
The Efficiency of CAC Stock Price Forecasts: a Survey Based Perspective
Revue économique, 1993, n° 44, (5), 991-1000
Also in Revue Économique, 1993, 44, (5), 991-1000 (1993)
The Monetary Approach to the Exchange Rate: Rational Expectations, Long-Run Equilibrium, and Forecasting
IMF Staff Papers, 1993, 40, (1), 89-107 View citations (28)
See also Working Paper (1992)

1992

A stable US money demand function, 1874-1975
Economics Letters, 1992, 39, (2), 191-198
Employment in Manufacturing: A Long-run Relationship and Short-run Dynamics
Journal of Economic Studies, 1992, 19, (5), 3-18 View citations (2)
Exchange Rate Economics: A Survey
IMF Staff Papers, 1992, 39, (1), 1-57 View citations (48)
See also Working Paper (1991)
Exchange Rate Survey Data: A Disaggregated G-7 Perspective
The Manchester School of Economic & Social Studies, 1992, 60, 47-62 View citations (6)

1991

Efficiency in the Forward Foreign Exchange Market: Weekly Tests of the Australian/U.S. Dollar Exchange Rate January 1984-March 1987
The Economic Record, 1991, 67, (198), 237-42 View citations (2)
Exchange Rates, Policy Convergence, and the European Monetary System
The Review of Economics and Statistics, 1991, 73, (3), 553-58 View citations (23)
See also Working Paper (1990)
The monetary approach to the exchange rate: Long-run relationships and coefficient restrictions
Economics Letters, 1991, 37, (2), 179-185 View citations (14)

1990

Are Foreign Exchange Market Forecasters "Rational"? Some Survey-Based Tests
The Manchester School of Economic & Social Studies, 1990, 58, (3), 229-41 View citations (3)
See also Working Paper
Consumption, Cointegration and Rational Expectations: Some Australian Evidence
Australian Economic Papers, 1990, 29, (54), 40-52 View citations (1)
Expectations Formation and Risk in Four Foreign Exchange Markets
Oxford Economic Papers, 1990, 42, (3), 544-61 View citations (18)
Rational Expectations, Bubbles and Monetary Models of the Exchange Rate: The Australian/U.S. Dollar Rate during the Recent Float
Australian Economic Papers, 1990, 29, (54), 1-20 View citations (5)
Savings and Rational Expectations: A Correction and Further Observations
Economic Journal, 1990, 100, (403), 1277-79
The Intertemporal Government Budget Constraint in the U.K., 1961-1986
The Manchester School of Economic & Social Studies, 1990, 58, (4), 329-47
The Term Structure of Forward Foreign Exchange Premia: The Inter-war Experience
The Manchester School of Economic & Social Studies, 1990, 58, (1), 54-65 View citations (1)

1989

Consumption, Saving and Rational Expectations: Some Further Evidence for the U.K
Economic Journal, 1989, 99, (394), 83-91
Foreign exchange market efficiency and cointegration: Some evidence from the recent float
Economics Letters, 1989, 29, (1), 63-68 View citations (17)
Government Expenditure under Rational Expectations: Some Estimates for the U.K., Canada, Germany, and the U.S
Public Finance = Finances publiques, 1989, 44, (3), 419-36
Interest Rate Parity: Some New Evidence
Bulletin of Economic Research, 1989, 41, (4), 255-74 View citations (11)
The Efficiency of the Market for Bank Accepted Bills
The Economic Record, 1989, 65, (190), 225-33

1988

Assets Markets, the Current Account and Exchange Rate Determination: An Empirical Model of the Sterling/Dollar Rate 1973-1983
Australian Economic Papers, 1988, 27, (51), 213-32
Covered interest parity and UK monetary 'news'
Economics Letters, 1988, 26, (1), 53-56
Exchange Rates and the "News": Some Evidence Using U.K. Survey Data
The Manchester School of Economic & Social Studies, 1988, 56, (1), 69-76 View citations (1)
Metals Prices, Efficiency and Cointegration: Some Evidence from the London Metal Exchange
Bulletin of Economic Research, 1988, 40, (3), 235-39 View citations (8)
Monetary Policy and the Real Interest Rate: Some U.K. Evidence
Scottish Journal of Political Economy, 1988, 35, (4), 361-71
On Risk, Rationality and Excessive Speculation in the Deutschmark-U.S. Dollar Exchange Market: Some Evidence Using Survey Data
Oxford Bulletin of Economics and Statistics, 1988, 50, (2), 107-23 View citations (3)
Testing Rational Expectations and Efficiency in the London Metal Exchange
Oxford Bulletin of Economics and Statistics, 1988, 50, (1), 41-52 View citations (5)
The Term Structure of Interest Rates in the UK
Bulletin of Economic Research, 1988, 40, (4), 287-99 View citations (7)

1987

Consumer Expenditure, the Demand for Money, and the Hall Hypothesis
Empirical Economics, 1987, 12, (1), 3-17
LM3 Surprises and Asset Prices
Economica, 1987, 54, (216), 505-15
On the specification of granger-causality tests using the cointegration methodology
Economics Letters, 1987, 25, (2), 149-153 View citations (13)
The demand for international reserves in a regime of floating exchange rates: Some empirical evidence
Economics Letters, 1987, 23, (2), 189-192
The efficiency of the forward exchange market: Some evidence for the pound sterling-US dollar exchange rate using residuals from the LUS class
Economics Letters, 1987, 25, (1), 71-74

1986

Intervention and sterilisation under floating exchange rates: The UK 1973-1983
European Economic Review, 1986, 30, (2), 345-364 View citations (1)
On Lagged Adjustment, Permanent Income, Expectations Formation and the Demand for Money
Oxford Bulletin of Economics and Statistics, 1986, 48, (1), 61-72
The velocity of money and the random walk hypothesis
Economics Letters, 1986, 20, (1), 63-66

1985

'News' and the 1920's experience with floating exchange rates
Economics Letters, 1985, 17, (4), 379-383
Are deviations from purchasing power parity efficient? Some further answers
Review of World Economics (Weltwirtschaftliches Archiv), 1985, 121, (4), 638-645
Buffer Stocks, Exchange Rates and Deviations from Purchasing Power Parity
Empirical Economics, 1985, 10, (3), 163-75
Public Sector Borrowing, the Money Supply and Interest Rates
Oxford Bulletin of Economics and Statistics, 1985, 47, (3), 249-73
The norman conquest of $4.86 and the asset approach to the exchange rate
Journal of International Money and Finance, 1985, 4, (3), 373-387

1983

Some Tests of the Rational Expectations Hypothesis in the Foreign Exchange Market
Scottish Journal of Political Economy, 1983, 30, (3), 235-50 View citations (2)
Tests of Efficiency and the Impact of 'News' in Three Foreign Exchange Markets: The Experience of the 1920's
Bulletin of Economic Research, 1983, 35, (2), 123-44

Edited books

2012

Credibility and the International Monetary Regime
Cambridge Books, Cambridge University Press