Details about David A. Peel

Homepage:	http://www.lums.lancs.ac.uk/economics/profiles/david-peel/
Workplace:	Department of Economics, Management School, Lancaster University, (more information at EDIRC)

Access statistics for papers by David A. Peel.

Last updated 2013-04-27. Update your information in the RePEc Author Service.

Short-id: ppe143

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Working Papers

2013

1. Higher-order moments in the theory of diversification and portfolio composition
   Working Papers, Lancaster University Management School, Economics Department

2012

2. A New Test for Rational Speculative Bubbles using Forward Exchange Rates: The Case of the Interwar German Hyperinflation
   Working Papers, Lancaster University Management School, Economics Department View citations (1)

2011

3. On the stability of the CRRA utility under high degrees of uncertainty
   Working Papers, Lancaster University Management School, Economics Department

2010

4. The Impact of ECB and FED announcements on the Euro Interest Rates
   DEP - series of economic working papers, University of Genoa, Research Doctorate in Public Economics View citations (1)
   See also Journal Article in Economics Letters (2011)

2009

5. ESTAR model with multiple fixed points. Testing and Estimation
   Working Papers, Lancaster University Management School, Economics Department
6. Forecasting the Real Exchange Rate using a Long Span of Data. A Rematch: Linear vs Nonlinear
   Working Papers, Lancaster University Management School, Economics Department
7. Linkages between Shanghai and Hong Kong stock indices
   Working Papers, Lancaster University Management School, Economics Department
   See also Journal Article in Applied Financial Economics (2009)
8. Real Exchange Rates and Time-Varying Trade Costs
   Working Papers, Lancaster University Management School, Economics Department
   See also Journal Article in Journal of International Money and Finance (2011)
9. Specifying Smooth Transition Regression Models in the Presence of Conditional Heteroskedasticity of Unknown Form
   Working Papers, Lancaster University Management School, Economics Department
   See also Journal Article in Studies in Nonlinear Dynamics & Econometrics (2010)

2007

10. Inflation Dynamics in the US -A Nonlinear Perspective
    FMG Discussion Papers, Financial Markets Group View citations (4)

2006

11. Are analysts’ loss functions asymmetric?
    Working Papers, Lancaster University Management School, Economics Department
12. On the Equality of Real Interest Rates Across Borders in Integrated Capital Markets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2005)
    See also Journal Article in Open Economies Review (2007)
13. On the relationship between Nominal Exchange Rates and domestic and foreign prices
    Working Papers, Lancaster University Management School, Economics Department
    See also Journal Article in Applied Financial Economics (2007)
14. Simulating Stock Returns Under Switching Regimes - A New Test of Market Efficiency
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2006)
    See also Journal Article in Economics Letters (2007)

2005

15. A NEW ANALYSIS OF THE DETERMINANTS OF THE REAL DOLLAR-STERLING EXCHANGE RATE: 1871-1994
    Working Papers. Serie AD, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) View citations (4)
    Also in Working Papers, Lancaster University Management School, Economics Department (2005)
16. Are analysts' loss functions asymmetric?
    Working Papers, Lancaster University Management School, Economics Department
    See also Journal Article in Journal of Forecasting (2012)
17. Cumulative prospect theory and gambling
    Working Papers, Lancaster University Management School, Economics Department View citations (2)
18. Habit, aggregation and long memory: evidence from television audience data
    Working Papers, Lancaster University Management School, Economics Department
    See also Journal Article in Applied Economics (2007)
19. Smooth transition models and arbitrage consistency
    Working Papers, Lancaster University Management School, Economics Department View citations (4)
    See also Journal Article in Economica (2005)
20. THE PROCESS FOLLOWED BY PPP DATA. ON THE PROPERTIES OF LINEARITY TESTS
    Working Papers. Serie AD, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) View citations (5)
    See also Journal Article in Applied Economics (2005)
21. Temporal aggregation of an ESTAR process
    Working Papers, Lancaster University Management School, Economics Department
22. The long memory model of political support: some further results
    Working Papers, Lancaster University Management School, Economics Department
    See also Journal Article in Applied Economics (2007)

2004

23. ASYMMETRY IN THE LINK BETWEEN THE YIELD SPREAD AND INDUSTRIAL PRODUCTION. THRESHOLD EFFECTS AND FORECASTING
    Working Papers. Serie AD, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) View citations (3)
    See also Journal Article in Journal of Forecasting (2004)
24. Calvo Contracts: A Critique
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
25. NONLINEAR PPP UNDER THE GOLD STANDARD
    Working Papers. Serie AD, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) View citations (3)
26. TEMPORAL AGGREGATION OF AN ESTAR PROCESS: SOME IMPLICATIONS FOR PURCHASING POWER PARITY ADJUSTMENT
    Working Papers. Serie AD, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) View citations (2)
    See also Journal Article in Journal of Applied Econometrics (2006)

2002

27. Exploitability as a Specification Test of the Phillips Curve
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
28. Non-Linear Equilibrium Corection in US Real Money Balances, 1869-1997
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)

2001

29. Nonlinear Mean-Reversion in Real Exchange Rates: Towards a Solution to the Purchasing Power Parity Puzzles
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (245)
    See also Journal Article in International Economic Review (2001)

1998

30. Optimal Monetary Policy in a Model of Asymmetric Central Bank Preferences
    FMG Discussion Papers, Financial Markets Group View citations (31)

1984

31. Money and activity in the U.K. 1961-1983: surprise? surprise!
    Working Papers, Federal Reserve Bank of St. Louis

Undated

32. Spreads, Efficiency and Outcome Uncertainty: Evidence from the Rugby League
    Discussion Papers, Department of Economics, University of Wales, Aberystwyth

Journal Articles

2012

1. Are Analysts' Loss Functions Asymmetric?
   Journal of Forecasting, 2012, 31, (8), 736-756
   See also Working Paper (2005)
2. Forecast Evaluation of Nonlinear Models: The Case of Long‐Span Real Exchange Rates
   Journal of Forecasting, 2012, 31, (7), 580-595 View citations (1)
3. Further examples of the impact of skewness on the expected utility of a risk-averse agent
   Applied Economics Letters, 2012, 19, (12), 1117-1121
4. On the potential for observational equivalence in experiments on risky choice when a power value function is assumed
   Economics Letters, 2012, 116, (1), 8-10
5. On the stability of the constant relative risk aversion (CRRA) utility under high degrees of uncertainty
   Economics Letters, 2012, 115, (2), 244-248 View citations (1)
6. THE DECISIONS OF THE SHADOW MONETARY POLICY COMMITTEE AND MONETARY POLICY COMMITTEE SINCE 2002
   Economic Affairs, 2012, 32, (2), 91-93
7. The Bank of Korea's nonlinear monetary policy rule
   Applied Economics Letters, 2012, 19, (12), 1193-1202

2011

8. Real exchange rates and time-varying trade costs
   Journal of International Money and Finance, 2011, 30, (6), 1157-1179 View citations (1)
   See also Working Paper (2009)
9. The impact of ECB and FED announcements on the Euro interest rates
   Economics Letters, 2011, 113, (2), 139-142 View citations (1)
   See also Working Paper (2010)

2010

10. An Empirical Analysis of Choices Between Gambles of Children and Adults in China
    Journal of Gambling Business and Economics, 2010, 4, (1), 1-18
11. Further empirical evidence of nonlinearity in the us monetary policy rule
    Economics Bulletin, 2010, 30, (3), 2464-2477
12. Habit and long memory in UK lottery sales
    Economics Letters, 2010, 109, (1), 7-10
13. Inflation Dynamics in the U.S.: Global but Not Local Mean Reversion
    Journal of Money, Credit and Banking, 2010, 42, (1), 135-150 View citations (2)
14. On lottery sales, jackpot sizes and irrationality: A cautionary note
    Economics Letters, 2010, 109, (3), 161-163 View citations (1)
15. Specifying Smooth Transition Regression Models in the Presence of Conditional Heteroskedasticity of Unknown Form
    Studies in Nonlinear Dynamics & Econometrics, 2010, 14, (3), 3
    See also Working Paper (2009)
16. Spreads versus professional forecasters as predictors of future output change
    Journal of Forecasting, 2010, 29, (6), 517-522
17. Systematic and varying biases in parallel state contingent gambling markets
    Economics Letters, 2010, 109, (2), 82-84
18. The forward premium puzzle in the interwar period and deviations from covered interest parity
    Economics Letters, 2010, 108, (1), 55-57 View citations (1)

2009

19. A More General Non-expected Utility Model as an Explanation of Gambling Outcomes for Individuals and Markets
    Economica, 2009, 76, (302), 251-263
20. An Explanation of Optimal Each-Way Bets based on Non-Expected Utility Theory
    Journal of Gambling Business and Economics, 2009, 3, (2), 15-35
21. Linkages between Shanghai and Hong Kong stock indices
    Applied Financial Economics, 2009, 19, (23), 1847-1857 View citations (2)
    See also Working Paper (2009)
22. On skewness of return and buying more than one ticket in a lottery
    Applied Economics Letters, 2009, 16, (10), 1029-1032
23. Skewness as an explanation of gambling in cumulative prospect theory
    Applied Economics, 2009, 41, (6), 685-689 View citations (1)
24. Testing for central bank independence and inflation using the wild bootstrap
    Economics Bulletin, 2009, 29, (3), 1602-1607
25. The Central Bank Inflation Bias in the Presence of Asymmetric Preferences and Non-Normal Shocks
    Economics Bulletin, 2009, 29, (3), 1608-1620
26. The expo-power value function as a candidate for the work-horse specification in parametric versions of cumulative prospect theory
    Economics Letters, 2009, 105, (3), 326-329

2008

27. Bounded cumulative prospect theory: some implications for gambling outcomes
    Applied Economics, 2008, 40, (1), 5-15 View citations (1)
28. Further Analysis of the Markowitz Model of Utility with a Small Degree of Probability Distortion
    Journal of Gambling Business and Economics, 2008, 2, (3), 71-83
29. Introduction: economics of betting markets
    Applied Economics, 2008, 40, (1), 1-3
30. Subjective Skewness of Return as an Explanation of the Optimal Choice between Gambles in Cumulative Prospect Theory
    Journal of Gambling Business and Economics, 2008, 2, (2), 97-107
31. The Markowitz model of utility supplemented with a small degree of probability distortion as an explanation of outcomes of Allais experiments over large and small payoffs and gambling on unlikely outcomes
    Applied Economics, 2008, 40, (1), 17-26

2007

32. Betting on odds on Favorites as an Optimal Choice in Cumulative Prospect Theory
    Economics Bulletin, 2007, 4, (26), 1-10
33. Deterministic impulse response in a nonlinear model. An analytical expression
    Economics Letters, 2007, 95, (3), 315-319
34. Gambling and nonexpected utility: the perils of the power function
    Applied Economics Letters, 2007, 14, (2), 79-82
35. Habit, aggregation and long memory: evidence from television audience data
    Applied Economics, 2007, 39, (3), 321-327 View citations (1)
    See also Working Paper (2005)
36. Implementing the wild bootstrap using a two-point distribution
    Economics Letters, 2007, 96, (3), 309-315 View citations (4)
37. On the Equality of Real Interest Rates Across Borders in Integrated Capital Markets
    Open Economies Review, 2007, 18, (1), 119-125 View citations (1)
    See also Working Paper (2006)
38. On the relationship between nominal exchange rates and domestic and foreign prices
    Applied Financial Economics, 2007, 17, (2), 105-117 View citations (3)
    See also Working Paper (2006)
39. Simulating stock returns under switching regimes - A new test of market efficiency
    Economics Letters, 2007, 94, (2), 235-239 View citations (2)
    See also Working Paper (2006)
40. Some implications of a quartic loss function
    Economics Bulletin, 2007, 7, (13), 1-7
41. The long memory model of political support: some further results
    Applied Economics, 2007, 39, (20), 2547-2552
    See also Working Paper (2005)

2006

42. Expected stock returns, aggregate consumption and wealth: Some further empirical evidence
    Journal of Macroeconomics, 2006, 28, (2), 439-445 View citations (2)
43. On the speed of adjustment in ESTAR models when allowance is made for bias in estimation
    Economics Letters, 2006, 90, (2), 272-277 View citations (6)
44. Support for Governments and Leaders: Fractional Cointegration Analysis of Poll Evidence from the UK, 1960-2004
    Studies in Nonlinear Dynamics & Econometrics, 2006, 10, (1), 3 View citations (1)
45. Temporal aggregation of an ESTAR process: some implications for purchasing power parity adjustment
    Journal of Applied Econometrics, 2006, 21, (5), 655-668 View citations (4)
    See also Working Paper (2004)
46. The relationship between expected utility and higher moments for distributions captured by the Gram-Charlier class
    Finance Research Letters, 2006, 3, (4), 273-276 View citations (1)

2005

47. Non-linearity in stock index returns: the volatility and serial correlation relationship
    Economic Modelling, 2005, 22, (1), 1-19
48. Smooth Transition Models and Arbitrage Consistency
    Economica, 2005, 72, (3), 413-430 View citations (2)
    See also Working Paper (2005)
49. Testing for market efficiency in gambling markets when the errors are non-normal and heteroskedastic an application of the wild bootstrap
    Economics Letters, 2005, 87, (2), 221-226 View citations (1)
50. The process followed by PPP data. On the properties of linearity tests
    Applied Economics, 2005, 37, (21), 2515-2522 View citations (5)
    See also Working Paper (2005)
51. The term spread and real economic activity in the US inter-war period
    Journal of Macroeconomics, 2005, 27, (2), 331-343 View citations (2)

2004

52. Asymmetry in the link between the yield spread and industrial production: threshold effects and forecasting
    Journal of Forecasting, 2004, 23, (5), 373-384 View citations (3)
    See also Working Paper (2004)
53. Estimates of US monetary policy rules with allowance for changes in the output gap
    Applied Economics Letters, 2004, 11, (10), 601-605 View citations (3)
54. Further empirical analysis of the time series properties of financial ratios based on a panel data approach
    Applied Financial Economics, 2004, 14, (3), 155-163 View citations (1)
55. Nonlinear Purchasing Power Parity under the Gold Standard
    Southern Economic Journal, 2004, 71, (2), 302-313 View citations (2)
56. The utility of gambling and the favourite-longshot bias
    European Journal of Finance, 2004, 10, (5), 379-390
57. Utility and the Skewness of Return in Gambling
    The Geneva Papers on Risk and Insurance Theory, 2004, 29, (2), 145-163 View citations (1)
    Also in The Geneva Risk and Insurance Review, 2004, 29, (2), 145-163 (2004) View citations (1)

2003

58. Another example of a non-linear time series with misleading linear properties
    Applied Economics Letters, 2003, 10, (1), 47-51 View citations (4)
59. Empirical evidence on the relationship between the term structure of interest rates and future real output changes when there are changes in policy regimes
    Economics Letters, 2003, 78, (2), 147-152 View citations (1)
60. Further Evidence on PPP Adjustment Speeds: the Case of Effective Real Exchange Rates and the EMS
    Oxford Bulletin of Economics and Statistics, 2003, 65, (4), 421-437 View citations (17)
61. Nonlinear Equilibrium Correction in U.S. Real Money Balances, 1869-1997
    Journal of Money, Credit and Banking, 2003, 35, (5), 787-99
62. Optimal Discretionary Monetary Policy in a Model of Asymmetric Central Bank Preferences
    Economic Journal, 2003, 113, (489), 657-665 View citations (60)
63. Optimal monetary policy: is price-level targeting the next step?
    Scottish Journal of Political Economy, 2003, 50, (5), 650-667 View citations (3)
64. Purchasing Power Parity Adjustment Speeds in High Frequency Data when the Equilibrium Real Exchange Rate is Proxied by a Deterministic Trend
    Manchester School, 2003, 71, (Supplement), 39-53 View citations (5)
65. Purchasing power parity over two centuries: trends and nonlinearity
    Applied Economics, 2003, 35, (5), 609-617 View citations (7)
66. Re-examination of the predictability of economic activity using the yield spread: a nonlinear approach
    International Review of Economics & Finance, 2003, 12, (2), 187-206 View citations (16)
67. Some Further Empirical Evidence on the Impact of Oil Price Changes on Petrol Prices
    International Journal of the Economics of Business, 2003, 10, (2), 195-203 View citations (1)
68. Some analysis of the properties of the Harville place formulae when allowance is made for the favourite-long shot bias employing Shin Win probabilities
    Applied Economics Letters, 2003, 10, (1), 53-57
69. The Favourite-Longshot Bias, Bookmaker Margins and Insider Trading in a Variety of Betting Markets
    Bulletin of Economic Research, 2003, 55, (3), 263-273 View citations (1)
70. The Time Series Properties of Financial Ratios: Lev Revisited
    Journal of Business Finance & Accounting, 2003, 30, (5-6), 699-714 View citations (9)
71. The optimal output target and degree of banker conservativeness in a model with a non-linear Phillips curve
    Applied Economics Letters, 2003, 10, (6), 323-330

2002

72. Covered Interest Rate Arbitrage in the Interwar Period and the Keynes-Einzig Conjecture
    Journal of Money, Credit and Banking, 2002, 34, (1), 51-75 View citations (26)
73. Insider Trading, Herding Behaviour and Market Plungers in the British Horse-Race Betting Market
    Economica, 2002, 69, (274), 327-38 View citations (5)
74. Is one price enough to value a state-contingent asset correctly? Evidence from a gambling market
    Applied Financial Economics, 2002, 12, (1), 33-38
75. Modelling political popularity: a correction
    Journal of the Royal Statistical Society Series A, 2002, 165, (1), 187-189 View citations (1)
76. Skewness as an explanation of gambling by locally risk averse agents
    Applied Economics Letters, 2002, 9, (15), 1025-1028 View citations (5)

2001

77. Nonlinear Mean-Reversion in Real Exchange Rates: Toward a Solution to the Purchasing Power Parity Puzzles
    International Economic Review, 2001, 42, (4), 1015-42 View citations (179)
    See also Working Paper (2001)
78. The Incidence of Insider Trading in Betting Markets and the Gabriel and Marsden Anomaly
    Manchester School, 2001, 69, (2), 197-207 View citations (2)
79. The Relationship between Two Indicators of Insider Trading in British Racetrack Betting
    Economica, 2001, 68, (269), 97-104 View citations (2)
80. Uncertain central bankers preferences: some implications of multiplicative versus additive uncertainty
    Applied Economics Letters, 2001, 8, (1), 17-20
    Also in Applied Economics Letters, 2000, 7, (12), 771-773 (2000)
81. Volatility persistence in asset markets: long memory in high/low prices
    Applied Financial Economics, 2001, 11, (3), 253-260 View citations (3)

2000

82. International relocation: firm and industry determinants
    Economics Letters, 2000, 67, (2), 179-186 View citations (31)
83. Non-linear Dynamics of Inflation in High Inflation Economies
    Manchester School, 2000, 68, 23-37 View citations (5)
84. Nonlinear adjustment, long-run equilibrium and exchange rate fundamentals
    Journal of International Money and Finance, 2000, 19, (1), 33-53 View citations (148)
85. Optimal monetary policy with a nonlinear Phillips curve
    Economics Letters, 2000, 67, (2), 159-164 View citations (22)
86. Product bundling and a rule of thumb versus the Harville formulae: can each way bets with UK bookmakers generate abnormal returns
    Applied Economics, 2000, 32, (13), 1737-1744
87. The Favourite-Longshot Bias and Market Efficiency in UK Football Betting
    Scottish Journal of Political Economy, 2000, 47, (1), 25-36 View citations (2)
88. Threshold nonlinearities in unemployment rates: further evidence for the UK and G3 economies
    Applied Economics, 2000, 32, (6), 705-715 View citations (6)

1999

89. Estimates of the degree of insider trading in two disparate betting markets
    Applied Economics Letters, 1999, 6, (3), 191-193
90. Market movers and tote and bookmakers returns: further empirical evidence on a market anomaly
    Applied Economics Letters, 1999, 6, (12), 801-804
91. Place returns between the tote and bookmakers: empirical evidence of a market anomaly
    Applied Economics Letters, 1999, 6, (12), 789-792
92. Uncertainty in the Central Bank's weight on output: some new results
    Applied Economics Letters, 1999, 6, (10), 659-662

1998

93. A non-linear error correction mechanism based on the bilinear model1
    Economics Letters, 1998, 58, (2), 165-170 View citations (10)
94. A note on some properties of the ESTAR model
    Economics Letters, 1998, 60, (3), 311-315 View citations (1)
95. Modelling Business Cycle Nonlinearity in Conditional Mean and Conditional Variance: Some International and Sectoral Evidence
    Economica, 1998, 65, (258), 211-29 View citations (10)
96. Periodically collapsing stock price bubbles: a robust test
    Economics Letters, 1998, 61, (2), 221-228 View citations (16)
97. Rationality testing under asymmetric loss
    Economics Letters, 1998, 61, (1), 49-54 View citations (21)
98. The nonlinear time series properties of unemployment rates: some further evidence
    Applied Economics, 1998, 30, (2), 287-294 View citations (5)
99. The slope of the yield curve and real economic activity: tracing the transmission mechanism
    Economics Letters, 1998, 59, (3), 353-360 View citations (8)
100. The variance of economic activity over the business cycle: some further evidence
     Applied Economics Letters, 1998, 5, (11), 669-673
101. Threshold nonlinearities in output: some international evidence
     Applied Economics, 1998, 30, (3), 323-333 View citations (12)

1997

102. Ajustement non linéaire vers le taux de change d'équilibre à long terme. Le modèle monétaire revisité
     Revue Économique, 1997, 48, (3), 653-659 View citations (1)
103. Handicaps, outcome uncertainty and attendance demand
     Applied Economics Letters, 1997, 4, (9), 567-570 View citations (9)
104. Modelling Political Popularity: an Analysis of Long-range Dependence in Opinion Poll Series
     Journal of the Royal Statistical Society Series A, 1997, 160, (3), 471-490 View citations (12)
105. Non-linearities in East European Black-Market Exchange Rates
     International Journal of Finance & Economics, 1997, 2, (1), 39-57 View citations (5)
106. Transactions Costs and Nonlinear Adjustment in Real Exchange Rates: An Empirical Investigation
     Journal of Political Economy, 1997, 105, (4), 862-79 View citations (269)

1996

107. Attendance demand: an investigation of repeat fixtures
     Applied Economics Letters, 1996, 3, (6), 391-394 View citations (9)
108. Long-Memory Risk Premia in Exchange Rates
     The Manchester School of Economic & Social Studies, 1996, 64, (4), 421-38 View citations (3)
109. Some Empirical Evidence on the Time-Series Properties of Four UK Asset Prices
     Economica, 1996, 63, (251), 405-26 View citations (1)

1995

110. A test for rational expectations when some variables are I(2)
     Applied Economics Letters, 1995, 2, (2), 42-44
111. Asymmetry in the variance of economic activity: evidence for long-run UK GDP
     Applied Economics Letters, 1995, 2, (11), 415-418
112. Bilinear quadratic ARCH and volatility spillovers in inter-war exchange rates
     Applied Economics Letters, 1995, 2, (7), 215-219 View citations (2)
113. Evidence on volatility spillovers in the interwar floating exchange rate period based on high/low prices
     Applied Economics Letters, 1995, 2, (10), 394-396 View citations (2)
114. The Time Series Behaviour of Spot Exchange Rates in the German Hyper-inflation Period: (Was the Process Chaotic?)
     Empirical Economics, 1995, 20, (3), 455-71
115. Time-Varying Risk Premia and the Term Structure of Forward Exchange Rates
     The Manchester School of Economic & Social Studies, 1995, 63, (1), 69-81

1994

116. Cross country evidence on nonlinearity in industrial production between the wars
     Applied Economics Letters, 1994, 1, (5), 77-80 View citations (2)
117. Purchasing power parity yet again: evidence from spatially separated commodity markets
     Journal of International Money and Finance, 1994, 13, (6), 637-657 View citations (13)
118. Testing for non-linear dependence in inter-war exchange rates
     Review of World Economics (Weltwirtschaftliches Archiv), 1994, 130, (2), 391-417 View citations (5)
119. The German Hyperinflation and the Demand for Money Revisited
     International Economic Review, 1994, 35, (1), 1-22 View citations (12)

1992

120. Some analysis of the long-run time series properties of consumption and income in the U.K
     Economics Letters, 1992, 39, (2), 173-178
121. The Demand for Football: Some Evidence on Outcome Uncertainty
     Empirical Economics, 1992, 17, (2), 323-31 View citations (20)

1991

122. Estimates of a traditional aggregate import demand model for five countries
     Economics Letters, 1991, 35, (4), 435-439 View citations (13)
123. Forward foreign exchange rates and risk premia--a reappraisal
     Journal of International Money and Finance, 1991, 10, (3), 443-456 View citations (2)
124. Some evidence on the efficiency of the sterling-dollar and sterling-franc forward exchange rates in the interwar period
     Economics Letters, 1991, 35, (3), 317-322 View citations (1)
125. The effects of exchange rate volatility on exports: Some new estimates
     Economics Letters, 1991, 37, (2), 173-177 View citations (35)

1990

126. On Testing for Unbiasedness and Efficiency of Forecasts
     The Manchester School of Economic & Social Studies, 1990, 58, (2), 120-27 View citations (50)

1989

127. Empirical evidence on the properties of exchange rate forecasts and the risk premium
     Economics Letters, 1989, 31, (4), 387-391 View citations (2)
128. Information, Prices and Efficiency in a Fixed-Odds Betting Market
     Economica, 1989, 56, (223), 323-41 View citations (9)
129. On testing the properties of directly obtained expectations data
     Economics Letters, 1989, 30, (2), 137-139 View citations (1)

1988

130. A multilogit approach to predicting corporate failure--Some evidence for the UK corporate sector
     Omega, 1988, 16, (4), 309-318 View citations (3)
131. Critical bounds for MA(2) and MA(3) processes
     Economics Letters, 1988, 27, (2), 133-140
132. Economic surprises and the behaviour of asset prices: Some analyses and further empirical results
     Economics Letters, 1988, 27, (4), 375-379
133. Outcome Uncertainty and the Demand for Football: An Analysis of Match Attendances in the English Football League
     Scottish Journal of Political Economy, 1988, 35, (3), 242-49 View citations (21)

1987

134. Consumer Expenditure, the Demand for Money, and the Hall Hypothesis
     Empirical Economics, 1987, 12, (1), 3-17
135. Further empirical evidence on popularity and electoral cycle effects
     Economics Letters, 1987, 23, (1), 31-36
136. On Testing the Relationship between Exchange Rate Movements and Monetary Surprises: A Comment
     The Manchester School of Economic & Social Studies, 1987, 55, (2), 197-202
137. The Accuracy of OECD Forecasts
     Empirical Economics, 1987, 12, (3), 175-86 View citations (3)

1986

138. Expectations formation, public forecasts and the wage equation
     Economic Modelling, 1986, 3, (2), 129-134
139. On Lagged Adjustment, Permanent Income, Expectations Formation and the Demand for Money
     Oxford Bulletin of Economics and Statistics, 1986, 48, (1), 61-72
140. Predicting corporate failure-- Some results for the UK corporate sector
     Omega, 1986, 14, (1), 5-12 View citations (13)
141. Public forecasts and their impact on expectation formation
     Economic Modelling, 1986, 3, (2), 126-128
142. The impact of benefits on unemployment in Britain in the interwar period: Some further empirical evidence
     Journal of Macroeconomics, 1986, 8, (2), 227-232
143. The velocity of money and the random walk hypothesis
     Economics Letters, 1986, 20, (1), 63-66
144. What Can Economics Learn from Political Science, and Vice Versa?
     American Economic Review, 1986, 76, (2), 62-65 View citations (1)

1985

145. Behaviour of the Liverpool model with weight given to alternative public forecasts
     Economic Modelling, 1985, 2, (1), 33-38
146. Global capital markets and the impact of changes in the money stock on real activity
     Journal of Macroeconomics, 1985, 7, (4), 577-582
147. Some Further Evidence on the Predictability of UK Asset Prices [Efficient Capital Markets: A Review of Theory and Empirical Work]
     Bulletin of Economic Research, 1985, 37, (3), 249-57
148. Some empirical evidence on the determinants of incomes policies in the UK
     Economics Letters, 1985, 19, (1), 23-26
149. Surprises in the Consumption Function, Incomplete Current Information, and Moving Average Errors: A Note [Stochastic Implications of the Life Cycle Permanent Income Hypothesis: Theory and Evidence]
     Economic Journal, 1985, 95, (377), 183-88

1984

150. Some Empirical Results on "the Rationality" of Expectations Derived from Survey Data
     Empirical Economics, 1984, 9, (3), 151-63
151. Testing for Unbiasedness and Efficiency under Incomplete Current Information
     Bulletin of Economic Research, 1984, 36, (1), 1-7

1983

152. Growth and Inflationary Finance: Variations on a Mundellian Theme
     Journal of Political Economy, 1983, 91, (5), 880-87
153. Involuntary Saving through Unanticipated Inflation: Some Further Empirical Evidence
     Empirical Economics, 1983, 8, (2), 87-92
154. On the effectiveness of automatic stabilizers under rational expectations when there is partial current information
     Economics Letters, 1983, 11, (3), 225-229
155. Some Implications of Partial Current Information Sets in Macroeconomic Models Embodying Rational Expectations
     The Manchester School of Economic & Social Studies, 1983, 51, (3), 235-49 View citations (3)

1982

156. Testing for Causality between Prices and Money
     Empirical Economics, 1982, 7, (1-2), 1-12
157. The Microfoundations of the Phillips Curve with Rational Expectations
     Oxford Economic Papers, 1982, 34, (3), 449-51
158. The government behavioural constraint in rational expectations models
     Economics Letters, 1982, 9, (3), 221-227
159. The political theory of the business cycle
     European Economic Review, 1982, 17, (2), 253-270 View citations (5)

1981

160. Non-uniqueness and the role of the monetary authorities
     Economics Letters, 1981, 7, (1), 25-28 View citations (1)
161. On Fiscal and Monetary Stabilization Policy under Rational Expectations
     Public Finance = Finances publiques, 1981, 36, (2), 290-96
162. Rational Expectations and Wage and Price Inflexibility: A Note
     Scandinavian Journal of Economics, 1981, 83, (1), 115-20
163. Some Empirical Evidence on the Influence of Political Parties on the Behaviour of the Unemployment Rate
     Empirical Economics, 1981, 6, (1), 67-73
164. The Role of Monetary Stabilization Policy under Rational Expectations
     The Manchester School of Economic & Social Studies, 1981, 49, (1), 39-50 View citations (3)
165. Unemployment and the replacement ratio: Some reduced form estimates for the UK
     Economics Letters, 1981, 8, (4), 349-354

1980

166. Expectations and the Price Equation: Some Estimates for the UK
     Empirical Economics, 1980, 5, (1), 31-37
167. On the implications of monetary rules in a stochastic framework
     Review of World Economics (Weltwirtschaftliches Archiv), 1980, 116, (2), 253-263
168. The Natural Rate Hypothesis and Rational Expectations-A Critique of Some Recent Developments
     Oxford Economic Papers, 1980, 32, (1), 71-81

1979

169. A Dynamic Model of the Demand for Labour Services
     Bulletin of Economic Research, 1979, 31, (1), 24-30
170. Divergent Expectations and the Dynamic Stability of Some Simple Macro Economic Models
     Economic Journal, 1979, 89, (356), 789-98 View citations (1)
171. Inflation and output dynamics with a floating exchange rate
     European Economic Review, 1979, 12, (1), 73-89
172. On dynamic stability in monetary models which incorporate short- and long-run expectations of inflation in the demand for the money function
     Economics Letters, 1979, 2, (2), 131-136
173. On the Built-in Flexibility of Taxation and the Deterministic and the Stochastic Stability of Macro-Models under Alternative Expectations Schemes
     Public Finance = Finances publiques, 1979, 34, (2), 258-66
174. On the Dynamic Stability of Monetary Models When the Money Supply is Endogenous
     The Manchester School of Economic & Social Studies, 1979, 47, (4), 349-58
175. On the political theory of the business cycle
     Economics Letters, 1979, 2, (4), 327-332 View citations (3)
176. The Dynamic Behavior of a Simple Macro-Model with Endogenous Labor Supply and Demand
     International Economic Review, 1979, 20, (2), 381-89
177. The Relationship between Prices and Money Supply in Latin America, 1958-1975
     The Review of Economics and Statistics, 1979, 61, (3), 446-50
178. The classical supply hypothesis and the observational equivalence of Classical and Keynesian models
     Economics Letters, 1979, 4, (3), 229-233
179. The dynamic behaviour of a simple macroeconomic model with a tax based incomes policy
     Economics Letters, 1979, 3, (2), 139-143

1978

180. Inflationary expectations and “Self-Generating” inflations
     Review of World Economics (Weltwirtschaftliches Archiv), 1978, 114, (1), 12-23 View citations (1)
181. Note--Optimal Recruitment Advertising
     Management Science, 1978, 24, (9), 910-918
182. Short-Run Employment Functions, Excess Supply and the Speed of Adjustment: A Note
     Economica, 1978, 45, (178), 195-202 View citations (2)
183. The Influence of Money on Prices in 14 OECD Countries, 1958-1975
     Empirical Economics, 1978, 3, (2), 115-22

1977

184. An Empirical Investigation of Inflationary Expectations
     Oxford Bulletin of Economics and Statistics, 1977, 39, (4), 291-99 View citations (3)
185. Derived Demand and Oligopoly
     Bulletin of Economic Research, 1977, 29, (1), 3-8
186. On the Case of Indexation of Wages and Salaries
     Kyklos, 1977, 30, (2), 259-70
187. On the properties of alternative monetary rules in an extension of Black's model
     European Economic Review, 1977, 9, (2), 195-208 View citations (1)
188. The `tax on wage increses' when the firm is a monopsonist
     Journal of Public Economics, 1977, 8, (2), 247-253 View citations (1)
189. Unemployment and unanticipanted inflation: Some empirical results for six countries
     European Economic Review, 1977, 10, (2), 253-271

1976

190. The 'Shake-Out' Hypothesis: A Note
     Oxford Bulletin of Economics and Statistics, 1976, 38, (2), 141-46
191. The Cost Function
     Bulletin of Economic Research, 1976, 28, (2), 77-84
192. The Internal/External Labour Market and the Rate of Wage Inflation in UK Manufacturing Industry
     The Manchester School of Economic & Social Studies, 1976, 44, (2), 132-46

1975

193. A Monte Carlo Study of the Phillips Curve with Errors in Variables
     Oxford Bulletin of Economics and Statistics, 1975, 37, (2), 155-57
194. The Determinants of the Natural Rate of Unemployment in the Neoclassical Model
     The Economic Record, 1975, 51, (135), 308-19
195. The Specification of the Short-Run Employment Function: An Empirical Investigation of the Demand for Labour in the UK Manufacturing Sector, 1955-1972
     Oxford Bulletin of Economics and Statistics, 1975, 37, (2), 115-42
196. The Wage Variable and the Phillips Curve: A Rejoinder
     Scottish Journal of Political Economy, 1975, 22, (3), 323-25
197. User Cost and the Preference Function
     The Quarterly Journal of Economics, 1975, 89, (1), 154-56

1974

198. A Further Note on the Behaviour of Profit Shares in British Manufacturing Industry
     The Manchester School of Economic & Social Studies, 1974, 42, (1), 29-36
199. A Note on X-Inefficiency
     The Quarterly Journal of Economics, 1974, 88, (4), 687-88
200. Adjustment Costs and Short-Run Returns to Labour
     The Review of Economics and Statistics, 1974, 56, (3), 393-96
201. The Wage Variable and the Phillips Curve
     Scottish Journal of Political Economy, 1974, 21, (3), 289-93

1973

202. Some Implications of Utility Maximizing Firms: A Note
     Bulletin of Economic Research, 1973, 25, (2), 148-51
203. The Non-uniqueness of the Dorfman-Steiner Condition: A Note
     Economica, 1973, 40, (158), 208-09

Books

1991

1. Economic Forecasting
   Cambridge Books, Cambridge University Press View citations (5)

Software Items