Details about Marcus Miller

E-mail:
Phone:	(44)2476523049
Postal address:	Department of Economics, University of warwick, Coventry, CV47AL, England
Workplace:	Department of Economics, University of Warwick, (more information at EDIRC) Centre for Economic Policy Research (CEPR), (more information at EDIRC) Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick, (more information at EDIRC) Peter G. Peterson Institute for International Economics (IIE), (more information at EDIRC)

Access statistics for papers by Marcus Miller.

Last updated 2009-09-04. Update your information in the RePEc Author Service.

Short-id: pmi133

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Working Papers

2007

1. Bulls, Bears and Excess Volatility: can currency intervention help?
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations
   See also Journal Article in International Journal of Finance & Economics (2007)
2. Capital Flows, Interest Rates and Precautionary Behaviour: a model of Global Imbalances
   Money Macro and Finance (MMF) Research Group Conference 2006, Money Macro and Finance Research Group
   Also in WEF Working Papers, ESRC World Economy and Finance Research Programme, Birkbeck, University of London (2006)
3. Exchange Rate Monitoring Bands: Theory and Policy
   Money Macro and Finance (MMF) Research Group Conference 2006, Money Macro and Finance Research Group
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2002) View citations
4. Fear and Market Failure: Global Imbalances and “Self-Insurance”
   RES Working Papers, Inter-American Development Bank, Research Department
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006)
5. Monitoring Bands and Monitoring Rules: how currency intervention can change market composition
   CEIS Research Paper, Tor Vergata University, CEIS View citations
6. Punishment Without Crime? Prison as a Worker-Discipline Device
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
7. Temor y falla de mercados: Desequilibrios mundiales y “aseguramiento propio
   RES Working Papers, Inter-American Development Bank, Research Department

2006

8. Sovereign Debt Restructuring: the Judge, the Vultures and Creditor Rights
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
   Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2006)
   See also Journal Article in The World Economy (2007)
9. Supply Shocks and Currency Crises: The Policy Dilemma Reconsidered
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
   Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2006) View citations

2005

10. Bargaining and Sustainability: The Argentine Debt Swap of 2005
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
11. Capital flows and the US ‘New Economy’ - consumption smoothing and risk exposure
    Working Paper Series, European Central Bank View citations
12. Credit Crunch and Keynesian Contraction: Argentina in Crisis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
13. World Finance and the US 'New Economy': Risk Sharing and Risk Exposure
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

2003

14. Coordination Failure, Moral Hazard and Sovereign Bankruptcy Procedures
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Economic Journal (2003)
15. Exchange Monitoring Bands: Theory and Policy
    CEIS Research Paper, Tor Vergata University, CEIS
16. Growth expectations; capital flows and international risk sharing
    Working Paper Series, European Central Bank View citations
17. Learning to Forget? Contagion and Political Risk in Brazil
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in Royal Economic Society Annual Conference 2003, Royal Economic Society (2003) View citations

2002

18. Exchange rate monitoring bands: theory and practice
    Royal Economic Society Annual Conference 2002, Royal Economic Society
19. Moral Hazard and the US Stockmarket: Analyzing the "Greenspan Put"
    Peterson Institute Working Paper Series, Peterson Institute for International Economics View citations
    See also Journal Article in Economic Journal (2002)
20. Sovereign Default By Argentina: 'Slow Motion Train Crash' or Self-Fulfilling Crisis?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

2001

21. Moral Hazard and the US Stock Market: The Idea of a 'Greenspan Put'
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

2000

22. Global Financial Crises - Institutions and Incentives
    IMF Working Papers, International Monetary Fund View citations
23. Moral Hazard and the US Stock Market: Has Mr. Greenspan Created a Bubble?
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations

1999

24. Bankruptcy Protection Against Macroeconomics Shocks: The case for a 'super Chapter 11'
    CSGR Hot Topics: Research on Current Issues, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick View citations
25. Coping with Crises: Is There a "Silver Bullet"?
    CSGR Hot Topics: Research on Current Issues, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick View citations
26. Creditor Panic, Asset Bubbles and Sharks: Three Views of the Asian Crisis
    CSGR Hot Topics: Research on Current Issues, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick
27. Sovereign Liquidity Crisis: The Strategic Case for a Payments Standstill
    CSGR Working papers series, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations
    See also Journal Article in Economic Journal (2000)

1998

28. Asset Bubbles, Domino Effects and 'Lifeboats': Elements of the East Asian Crisis
    CSGR Working papers series, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1998) View citations
29. Financial Crisis in East Asia: Bank Runs, Asset Bubbles and Antidotes
    CSGR Working papers series, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick View citations
30. Macroeconomic Policy Options for Managing Capital Flows
    CSGR Hot Topics: Research on Current Issues, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick
31. No Credit for Transition: The Maastricht Treaty and German Unemployment
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
32. No Credit for Transition:Efficiency Wages, the Maastricht Treaty and German Unemployment
    CSGR Working papers series, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick View citations

1997

33. A Bankruptcy Procedure for Sovereign States
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations
34. Eurosclerosis, Eurochicken and the Outlook for EMU
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations
35. Shareholders and Stakeholder: Human Capital and Industry Equilibrium
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997)
    See also Journal Article in Economic Journal (1998)

1996

36. Hyperinflation and Stabilization: Cagan Revisited
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1995)
    See also Journal Article in Economic Journal (1997)

1994

37. Designing Monetary Policy when Unemployment Persists
    Discussion Papers, University of Exeter, School of Business and Economics View citations
    See also Journal Article in Economica (1998)
38. Optimal Target Zones: How an Exchange Rate Mechanism Can Improve Upon Discretion
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Journal of Economic Dynamics and Control (1996)

1992

39. Contacts, Credibility and Common Knowledge - Their Influence on Inflation Convergence
    IMF Working Papers, International Monetary Fund
40. Is the Road to Monetary Union Paved with Recession?
    Economics Working Papers, School of Economics and Management, University of Aarhus
41. Why Have a Target Zone?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1992) View citations
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1993)

1991

42. Financial Liberalisation, Asset Prices and Exchange Rates
    OECD Economics Department Working Papers, OECD, Economics Department View citations
43. Inflation Convergence with Realignments in a Two-Speed Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article in Economic Journal (1992)

1990

44. BRITAIN'S RETURN TO GOLD AND IMPENDING ENTRY INTO THE EMS: EXPECTATIONS, JOINING CONDITIONS AND CREDIBILITY
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations
45. Britain's Return to Gold and Entry into the EMS: Expectations, Joining Conditions and Credibility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
46. CURRENCY BANDS, TARGET ZONES, AND CASH LIMITS: THRESHOLDS FOR MONETARY AND FISCAL POLICY
    IMF Working Papers, International Monetary Fund
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990)
47. ENTERING AN PREANNOUNCED CURRENCY BAND
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
    See also Journal Article in Economics Letters (1990)
48. EXCHANGE RATE BANDS WITH PRICE INERTIA
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990) View citations
    See also Journal Article in Economic Journal (1991)
49. The 'Walters Critique' of the EMS - A Case of Inconsistent Expectations
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990) View citations
    See also Journal Article in The Manchester School of Economic & Social Studies (1991)
50. When Does Coordination Pay?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1989)
    See also Journal Article in Journal of Economic Dynamics and Control (1990)

1989

51. Exchange Rate Bands and Realignments in a Stationary Stochastic Setting
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1988) View citations
52. MONETARY TARGETS, EXCHANGE RATE TARGETS AND AFTER: A STOCHASTIC "HARD- LANDING" FOR STERLING?
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
53. Solving Stochastic Saddlepoint Systems: A Qualitative Treatment with Economic Applications
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1988) View citations
54. THE STABILIZING PROPERTIES OF TARGET ZONES
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations

1988

55. The International Monetary System: An Analysis of Alternative Regimes
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Chapter (1991)
    Journal Article in European Economic Review (1988)

1986

56. Costs and Benefits of an Anti-Inflationary Policy: Questions and Issues
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1985

57. Monetary stabilization policy in an open economy
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)
    See also Journal Article in Scottish Journal of Political Economy (1985)

1984

58. Dynamic Games and the Time Inconsistency of Optimal Policy in Open Economies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1983) View citations
    See also Journal Article in Economic Journal (1985)

1982

59. Inflation-Adjusting the Public Sector Financial Deficit: Measurement and Implications for Policy
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations
60. Monetary Policy and International Competitiveness
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
61. Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1981) View citations
    See also Chapter (1991)
    Journal Article in European Economic Review (1982)

1980

62. Monetary Policy and International Competitiveness (A story of smart speculators and sticky prices, set in a world of high-speed capital movements)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics

Journal Articles

2009

1. THE ILLUSION OF STABILITY-LOW INFLATION IN A BUBBLE ECONOMY
   Manchester School, 2009, 77, (s1), 126-149

2007

2. 'Irrational exuberance' and capital flows for the US New Economy: a simple global model
   International Journal of Finance & Economics, 2007, 12, (1), 89-105 View citations
3. Bulls, bears and excess volatility: can currency intervention help?
   International Journal of Finance & Economics, 2007, 12, (2), 261-272 View citations
   See also Working Paper (2007)
4. Sovereign Debt Restructuring: The Judge, the Vultures and Creditor Rights
   The World Economy, 2007, 30, (10), 1491-1509
   See also Working Paper (2006)
5. UK External Imbalances and the Sterling: Are they on a Sustainable Path?
   Open Economies Review, 2007, 18, (5), 539-557

2006

6. Debt Restructuring and Economic Recovery: Analysing the Argentine Swap
   The World Economy, 2006, 29, (4), 377-398

2004

7. Challenges to demand management
   Fiscal Studies, 2004, 25, (3), 47-57

2003

8. Co-ordination Failure, Moral Hazard and Sovereign Bankruptcy Procedures
   Economic Journal, 2003, 113, (487), 276-304 View citations
   See also Working Paper (2003)
9. No Credit for Transition: European Institutions and German Unemployment
   Scottish Journal of Political Economy, 2003, 50, (1), 41-60 View citations

2002

10. Moral Hazard and the US Stock Market: Analysing the "Greenspan Put"
    Economic Journal, 2002, 112, (478), C171-C186 View citations
    See also Working Paper (2002)

2000

11. Asset Bubbles, Leverage and 'Lifeboats': Elements of the East Asian Crisis
    Economic Journal, 2000, 110, (460), 309-34 View citations
12. Sovereign Liquidity Crises: The Strategic Case for a Payments Standstill
    Economic Journal, 2000, 110, (460), 335-62 View citations
    See also Working Paper (1999)

1998

13. Designing Monetary Policy When Unemployment Persists
    Economica, 1998, 65, (259), 327-45 View citations
    See also Working Paper (1994)
14. Shareholders and Stakeholders: Human Capital and Industry Equilibrium
    Economic Journal, 1998, 108, (447), 490-508 View citations
    See also Working Paper (1997)

1997

15. Debt in Industry Equilibrium
    Review of Financial Studies, 1997, 10, (1), 39-67 View citations
16. Hyperinflation and Stabilisation: Cagan Revisited
    Economic Journal, 1997, 107, (441), 441-54
    See also Working Paper (1996)
17. The 'laissez faire' bias of managed floating
    Journal of International Money and Finance, 1997, 16, (6), 989-1000

1996

18. Oil Price Hikes and Development Triggers in Peace and War
    Economic Journal, 1996, 106, (435), 445-57
19. Optimal target zones: How an exchange rate mechanism can improve upon discretion
    Journal of Economic Dynamics and Control, 1996, 20, (9-10), 1641-1660 View citations
    See also Working Paper (1994)

1995

20. Stochastic saddlepoint systems Stabilization policy and the stock market
    Journal of Economic Dynamics and Control, 1995, 19, (1-2), 279-302 View citations

1994

21. Speculative Anticipations of Sterling's Return to Gold: Was Keynes Wrong?
    Economic Journal, 1994, 104, (425), 804-12 View citations

1993

22. Learning and Inflation Convergence in the ERM
    Economic Journal, 1993, 103, (417), 369-78 View citations
23. Why have a target zone?
    Carnegie-Rochester Conference Series on Public Policy, 1993, 38, (1), 279-314 View citations
    See also Working Paper (1992)

1992

24. Inflation Convergence with Realignments in a Two-Speed Europe
    Economic Journal, 1992, 102, (411), 333-41
    See also Working Paper (1991)

1991

25. Exchange Rate Bands with Price Inertia
    Economic Journal, 1991, 101, (409), 1380-99 View citations
    See also Working Paper (1990)
26. The "Walters Critique" of the EMS--A Case of Inconsistent Expectations?
    The Manchester School of Economic & Social Studies, 1991, 59, 23-37 View citations
    See also Working Paper (1990)

1990

27. Currency Bubbles Which Affect Fundamentals: A Qualitative Treatment
    Economic Journal, 1990, 100, (400), 170-79 View citations
28. Entering a preannounced currency band
    Economics Letters, 1990, 34, (4), 363-368
    See also Working Paper (1990)
29. When does coordination pay?
    Journal of Economic Dynamics and Control, 1990, 14, (3-4), 553-569
    See also Working Paper (1990)

1989

30. Plans to Solve the Problem of the Twin U.S. Deficits
    Canadian Public Policy, 1989, 15, (s1), 58-62

1988

31. Price rigidity, international mobility of financial capital and exchange rate volatility: Gerhard Orosel
    European Economic Review, 1988, 32, (5), 1162-1164
32. The international monetary system: An analysis of alternative regimes
    European Economic Review, 1988, 32, (5), 1031-1048 View citations
    See also Chapter (1991)
    Working Paper (1988)

1987

33. On evaluating and extending the target zone proposal
    Journal of Policy Modeling, 1987, 9, (1), 199-224 View citations

1985

34. Dynamic Games and the Time Inconsistency of Optimal Policy in Open Economies
    Economic Journal, 1985, 95, (380a), 124-37 View citations
    See also Working Paper (1984)
35. Measuring the Stance of Fiscal Policy
    Oxford Review of Economic Policy, 1985, 1, (1), 44-57 View citations
36. Monetary Stabilization Policy in an Open Economy
    Scottish Journal of Political Economy, 1985, 32, (3), 220-33
    See also Working Paper (1985)

1984

37. The Effects of Government Expenditure on the Term Structure of Interest Rates
    Journal of Money, Credit and Banking, 1984, 16, (1), 16-33 View citations

1983

38. Changing the Rules: Economic Consequences of the Thatcher Regime
    Brookings Papers on Economic Activity, 1983, 14, (1983-2), 305-380 View citations

1982

39. An Alternative Economic Strategy-A Message of Hope
    Cambridge Journal of Economics, 1982, 6, (1), 85-103
40. Real exchange rate overshooting and the output cost of bringing down inflation
    European Economic Review, 1982, 18, (2), 85-123 View citations
    Also in European Economic Review, 1982, 18, (1), 85-123 (1982) View citations
    See also Chapter (1991)
    Working Paper (1982)

1981

41. Monetary Control in the UK
    Cambridge Journal of Economics, 1981, 5, (1), 71-79
42. Monetary Policy and International Competitiveness: The Problems of Adjustment
    Oxford Economic Papers, 1981, 33, 143-75 View citations
43. The Thatcher Experiment: The First Two Years
    Brookings Papers on Economic Activity, 1981, 12, (1981-2), 315-380 View citations
44. The medium term financial strategy: an experiment in co-ordinating monetary and fiscal policy
    Fiscal Studies, 1981, 2, (2), 50-60

1980

45. The Precautionary Demand for Narrow and Broad Money
    Economica, 1980, 47, (188), 407-21 View citations

1977

46. The Static Economic Effects of the UK Joining the EEC: A General Equilibrium Approach
    Review of Economic Studies, 1977, 44, (1), 71-93 View citations

1976

47. Can a Rise in Import Prices Be Inflationary and Deflationary? Economists and U.K. Inflation, 1973-74
    American Economic Review, 1976, 66, (4), 501-19

1973

48. "Competition and Credit Control" and the Open Economy
    The Manchester School of Economic & Social Studies, 1973, 41, (1), 123-40

Books

1992

1. Exchange Rate Targets and Currency Bands
   NBER Books, National Bureau of Economic Research, Inc View citations

Chapters

1991

1. Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation
   A chapter in International Volatility and Economic Growth: The First Ten Years of The International Seminar on Macroeconomics, 1991, pp 239-277
   See also Working Paper (1982)
   Journal Article in European Economic Review (1982)
2. The International Monetary System: An Analysis of Alternative Regimes
   A chapter in International Volatility and Economic Growth: The First Ten Years of The International Seminar on Macroeconomics, 1991, pp 279-302
   See also Working Paper (1988)
   Journal Article in European Economic Review (1988)

1985

3. Policy Coordination And Dynamic Games
   A chapter in International Economic Policy Coordination, 1985, pp 184-227 View citations

1983

4. Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation: Some Further Results
   A chapter in Exchange Rates and International Macroeconomics, 1983, pp 317-368 View citations