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Details about Mark P. Taylor

E-mail:
Homepage:http://www2.warwick.ac.uk/fac/soc/economics/staff/faculty/taylor/
Phone:+44-2476-572-832
Postal address:Department of Economics University of Warwick Coventry CV4 7AL United Kingdom
Workplace:Department of Economics, University of Warwick, (more information at EDIRC)
Centre for Economic Policy Research (CEPR), (more information at EDIRC)

Access statistics for papers by Mark P. Taylor.

Last updated 2009-10-23. Update your information in the RePEc Author Service.

Short-id: pta36


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Working Papers

2009

  1. Bank of England Interest Rate Announcements and the Foreign Exchange Market
    CESifo Working Paper Series, CESifo Group Munich Downloads View citations
  2. Financial Intermediation and the Role of Price Discrimination in a Two-Tier Market
    MPRA Paper, University Library of Munich, Germany Downloads
    Also in Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, Research Centre (2009) Downloads
  3. Residential mobility, neighbourhood quality and life-course events
    ISER working papers, Institute for Social and Economic Research Downloads
  4. The Crisis in the Foreign Exchange Market
    CESifo Working Paper Series, CESifo Group Munich Downloads
  5. The Effects of Japanese Interventions on FX-Forecast Heterogeneity
    MPRA Paper, University Library of Munich, Germany Downloads

2008

  1. Threshold adjustment in deviations from the law of one price
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations
    See also Journal Article in Studies in Nonlinear Dynamics & Econometrics (2008)

2007

  1. End-user order flow and exchange rate dynamics
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, Research Centre Downloads View citations
  2. The Law of One Price: Nonlinearities in Sectoral Real Exchange Rate Dynamics
    Money Macro and Finance (MMF) Research Group Conference 2006, Money Macro and Finance Research Group Downloads

2006

  1. Are There Thresholds of Current Account Adjustment in the G7?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations
    See also Chapter (2007)
  2. International Liquidity Swaps: Is the Chiang Mai Initiative Pooling Reserves Efficiently ?
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics Downloads
    See also Journal Article in International Journal of Finance & Economics (2008)
  3. Real Exchange Rates Over the Past Two Centuries: How Important is the Harrod-Balassa-Samuelson Effect?
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics Downloads View citations
  4. Regional Vulnerability: The Case of East Asia
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics Downloads
    See also Journal Article in Journal of International Money and Finance (2007)
  5. The Coordination Channel of Foreign Exchange Intervention
    Computing in Economics and Finance 2006, Society for Computational Economics Downloads View citations
  6. The Obstinate Passion of Foreign Exchange Professionals: Technical Analysis
    Diskussionspapiere der Wirtschaftswissenschaftlichen Fakultät der Universität Hannover, Universität Hannover, Wirtschaftswissenschaftliche Fakultät Downloads View citations
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2006) Downloads View citations

    See also Journal Article in Journal of Economic Literature (2007)
  7. The coordination channel of foreign exchange intervention: a nonlinear microstructural analysis
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, Research Centre Downloads View citations
    See also Journal Article in European Economic Review (2008)

2005

  1. A Cross-Country Financial Accelerator: Evidence from North America and Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    Also in Working Papers, Warwick Business School, Financial Econometrics Research Centre (2005) Downloads

    See also Journal Article in Journal of International Money and Finance (2007)
  2. The Role of Asymmetries and Regime Shifts in the Term Structure of Interest Rates
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations
    Also in Working Papers, Warwick Business School, Financial Econometrics Research Centre (2004) Downloads

    See also Journal Article in Journal of Business (2006)

2004

  1. International Capital Crunches: The Time-Varying Role Of Informational Asymmetries
    Royal Economic Society Annual Conference 2004, Royal Economic Society Downloads View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) Downloads
    IMF Working Papers, International Monetary Fund (2002) View citations
  2. The Purchasing Power Parity Debate
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations
    Also in Working Papers, University of California at Davis, Department of Economics (2004) Downloads View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations

    See also Journal Article in Journal of Economic Perspectives (2004)
  3. The Term Structure Of Euromarket Interest Rates: Some New Evidence
    Royal Economic Society Annual Conference 2004, Royal Economic Society Downloads

2003

  1. Common Vulnerabilities
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations
  2. Is Official Exchange Rate Intervention Effective?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations
    See also Journal Article in Economica (2004)

2002

  1. Non-Linear Dynamics in Deviations from the Law of One Price: A Broad-Based Empirical Study
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations
    See also Journal Article in Journal of International Money and Finance (2004)
  2. Non-Linear Equilibrium Corection in US Real Money Balances, 1869-1997
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
  3. Nonlinear Permanent -Temporary Decompositions in Macroeconomics and Finance
    Royal Economic Society Annual Conference 2002, Royal Economic Society Downloads View citations
    See also Journal Article in Economic Journal (2003)
  4. The Out-of-Sample Success of Term Structure Models as Exchange Rate Predictors: A Step Beyond
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) Downloads View citations

    See also Journal Article in Journal of International Economics (2003)

2001

  1. From the Dark End of the Street to the Bright Side of the Road? Investigating the Wage Returns to Residential Mobility in Britain
    ISER working papers, Institute for Social and Economic Research Downloads View citations
  2. 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 Downloads View citations
    See also Journal Article in International Economic Review (2001)
  3. Official Intervention in the Foreign Exchange Market: Is It Effective, and, If So, How Does It Work?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations
    See also Journal Article in Journal of Economic Literature (2001)
  4. Purchasing Power Parity and the Real Exchange Rate
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations
  5. Why Is It So Difficult to Beat the Random Walk Forecast of Exchange Rates?
    Working Papers, Research Seminar in International Economics, University of Michigan Downloads View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) Downloads View citations
    Working Paper Series, European Central Bank (2001) Downloads View citations
    Tinbergen Institute Discussion Papers, Tinbergen Institute (2001) Downloads View citations

    See also Journal Article in Journal of International Economics (2003)

1999

  1. The Persistence of Capital Inflows and the Behaviour of Stock Prices in East Asia Emerging Markets: Some Empirical Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations

1998

  1. The volatility of prices in the English and Welsh electricity pool
    Working Papers, Lancaster University Management School, Economics Department
  2. Unemployment Persistence
    ILR working papers, Institute for Labour Research Downloads View citations

1997

  1. The Behaviour of Real Exchange Rates During the Post-Bretton Woods Period
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations
    See also Journal Article in Journal of International Economics (1998)

1994

  1. Robustness of Equilibrium Exchange Rate Calculations to Alternative Assumptions and Methodologies
    IMF Working Papers, International Monetary Fund View citations
  2. The Empirics of Economic Growth in Previously Centrally Planned Economies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations

1993

  1. DEER Hunting - Misalignment, Debt Accumulation, and Desired Equilibrium Exchange Rates
    IMF Working Papers, International Monetary Fund View citations
  2. The Stabilizing Effect of the ERM on Exchange Rates and Interest Rates - An Empirical Investigation
    IMF Working Papers, International Monetary Fund View citations
  3. The Term Structure of Forward Exchange Premia and the Forecastability of Spot Exchange Rates: Correcting the Errors
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) Downloads

1992

  1. Common Currency Areas and Currency Unions: An Analysis of the Issues
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations
  2. Exchange Rates, Country Preferences, and Gold
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in IMF Working Papers, International Monetary Fund (1992)
  3. Macroeconomic Shocks, the ERM, and Tri-Polarity
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations
    See also Journal Article in The Review of Economics and Statistics (1995)
  4. Policy Issues in the Evolving International Monetary System
    IMF Occasional Papers, International Monetary Fund View citations
  5. The Monetary Approach to the Exchange Rate: Rational Expectations, Long-Run Equilibrium and Forecasting
    IMF Working Papers, International Monetary Fund View citations
  6. The Term Structure of Forward Exchange Rates and the Forecastability of Spot Exchange Rates: Correcting the Errors
    Discussion Papers, Columbia University, Department of Economics

1991

  1. Exchange Rate Economics: A Survey
    IMF Working Papers, International Monetary Fund View citations
  2. Intervention, Interest Rates, and Charts: Three Essays in International Finance
    IMF Working Papers, International Monetary Fund View citations
  3. Modelling the Yield Curve
    IMF Working Papers, International Monetary Fund
    See also Journal Article in Economic Journal (1992)
  4. Testing for Credibility Effects
    IMF Working Papers, International Monetary Fund View citations
  5. The Demand for Money During High Inflation Episodes - Some Latin American Evidence on the Cagan Model
    IMF Working Papers, International Monetary Fund View citations

1990

  1. Exchange Rates, Policy Convergence and the European Monetary System
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    See also Journal Article in The Review of Economics and Statistics (1991)
  2. Long-Run Purchasing Power Parity and the Dollar-Sterling Exchange Rate in the 1920s
    IMF Working Papers, International Monetary Fund
  3. The Hyperinflation Model of Money Demand Revisited
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    See also Journal Article in Journal of Money, Credit and Banking (1991)

1989

  1. Abolishing Exchange Control: The UK Experience
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations
  2. Charts, Noise and Fundamentals: A Study of the London Foreign Exchange Market
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations

1988

  1. Covered Interest Arbitrage and Market Turbulence: An Empirical Analysis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
  2. Exchange Rates and the EMS: Assessing the Track Record
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations

Undated

  1. European Capital Flows and Regional Risk
    Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University View citations
    See also Journal Article in Manchester School (1999)
  2. Hot Money, Accounting Labels and the Persistence of Capital Flows to Developing Countries: An Empirical Investigation
    Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University View citations
  3. Real Exchange Rates under the Recent Float: Unequivocal Evidence of Mean Reversion
    Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University View citations
    See also Journal Article in Economics Letters (1998)
  4. Real Interest Rates, Liquidity Constraints and Financial Deregulation: Private Consumption Behaviour in the UK
    Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University View citations
    See also Journal Article in Journal of Macroeconomics (1998)
  5. Saving-Investment Correlations: Transitory versus Permanent
    Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University View citations
    See also Journal Article in The Manchester School of Economic & Social Studies (1998)

Journal Articles

2009

  1. Editorial: Long-run purchasing power parity and real exchange rates: introduction and overview
    Applied Economics Letters, 2009, 16, (1), 1-4 Downloads
  2. The applied economics of agriculture: introduction and overview
    Applied Economics, 2009, 41, (1), 1-3 Downloads
  3. The applied economics of economic growth: introduction and overview
    Applied Economics, 2009, 41, (13), 1575-1577 Downloads
  4. The applied economics of employment: introduction and overview
    Applied Economics, 2009, 41, (19), 2385-2387 Downloads
  5. The applied economics of fiscal policy: introduction and overview
    Applied Economics, 2009, 41, (7), 811-813 Downloads
  6. The applied economics of health: introduction and overview
    Applied Economics, 2009, 41, (4), 413-415 Downloads
  7. The applied economics of monetary policy: introduction and overview
    Applied Economics, 2009, 41, (16), 1991-1993 Downloads
  8. The applied economics of money and inflation: introduction and overview
    Applied Economics, 2009, 41, (10), 1199-1201 Downloads

2008

  1. Commercially Available Order Flow Data and Exchange Rate Movements: "Caveat Emptor"
    Journal of Money, Credit and Banking, 2008, 40, (4), 583-625 Downloads View citations
  2. International liquidity swaps: is the Chiang Mai Initiative pooling reserves efficiently?
    International Journal of Finance & Economics, 2008, 13, (4), 323-332 Downloads View citations
    See also Working Paper (2006)
  3. The coordination channel of foreign exchange intervention: A nonlinear microstructural analysis
    European Economic Review, 2008, 52, (1), 55-76 Downloads View citations
    See also Working Paper (2006)
  4. Threshold Adjustment of Deviations from the Law of One Price
    Studies in Nonlinear Dynamics & Econometrics, 2008, 12, (3), 1520-1520 Downloads View citations
    See also Working Paper (2008)

2007

  1. A cross-country financial accelerator: Evidence from North America and Europe
    Journal of International Money and Finance, 2007, 26, (1), 149-165 Downloads
    See also Working Paper (2005)
  2. Exchange rate intervention
    International Journal of Finance & Economics, 2007, 12, (2), 107-108 Downloads View citations
  3. Regional vulnerability: The case of East Asia
    Journal of International Money and Finance, 2007, 26, (8), 1292-1310 Downloads
    See also Working Paper (2006)
  4. The Obstinate Passion of Foreign Exchange Professionals: Technical Analysis
    Journal of Economic Literature, 2007, 45, (4), 936-972 View citations
    See also Working Paper (2006)

2006

  1. Aspects of foreign exchange market microstructure: editors' introduction
    International Journal of Finance & Economics, 2006, 11, (1), 1-2 Downloads
  2. Interest Rate Setting and Inflation Targeting: Evidence of a Nonlinear Taylor Rule for the United Kingdom
    Studies in Nonlinear Dynamics & Econometrics, 2006, 10, (4), 1359-1359 Downloads View citations
  3. Real exchange rates and Purchasing Power Parity: mean-reversion in economic thought
    Applied Financial Economics, 2006, 16, (1-2), 1-17 Downloads View citations
  4. The Role of Asymmetries and Regime Shifts in the Term Structure of Interest Rates
    Journal of Business, 2006, 79, (3), 1193-1224 Downloads View citations
    See also Working Paper (2005)
  5. Under the microscope: the structure of the foreign exchange market
    International Journal of Finance & Economics, 2006, 11, (1), 81-95 Downloads View citations

2005

  1. OFFICIAL FOREIGN EXCHANGE INTERVENTION AS A COORDINATING SIGNAL IN THE DOLLAR-YEN MARKET
    Pacific Economic Review, 2005, 10, (1), 73-82 Downloads View citations
  2. Purchasing power parity and the theory of general relativity: the first tests
    Journal of International Money and Finance, 2005, 24, (2), 293-316 Downloads View citations

2004

  1. Estimating structural macroeconomic shocks through long-run recursive restrictions on vector autoregressive models: the problem of identification
    International Journal of Finance & Economics, 2004, 9, (3), 229-244 Downloads View citations
  2. Financial predictors of real activity and the financial accelerator
    Economics Letters, 2004, 82, (2), 167-172 Downloads View citations
  3. International real interest rate differentials, purchasing power parity and the behaviour of real exchange rates: the resolution of a conundrum
    International Journal of Finance & Economics, 2004, 9, (1), 15-23 Downloads View citations
  4. Is Official Exchange Rate Intervention Effective?
    Economica, 2004, 71, 1-11 Downloads View citations
    See also Working Paper (2003)
  5. Nonlinear dynamics in deviations from the law of one price: a broad-based empirical study
    Journal of International Money and Finance, 2004, 23, (1), 1-25 Downloads View citations
    See also Working Paper (2002)
  6. The Purchasing Power Parity Debate
    Journal of Economic Perspectives, 2004, 18, (4), 135-158 Downloads View citations
    See also Working Paper (2004)
  7. The impact of European Central Bank Governing Council announcements on the foreign exchange market: a microstructural analysis
    Journal of International Money and Finance, 2004, 23, (7-8), 1043-1051 Downloads View citations

2003

  1. An empirical investigation of asset price bubbles in Latin American emerging financial markets
    Applied Financial Economics, 2003, 13, (9), 635-643 Downloads View citations
  2. Nonlinear Equilibrium Correction in U.S. Real Money Balances, 1869-1997
    Journal of Money, Credit and Banking, 2003, 35, (5), 787-99 View citations
  3. Nonlinear Permanent - Temporary Decompositions in Macroeconomics and Finance
    Economic Journal, 2003, 113, (486), C125-C139 Downloads View citations
    See also Working Paper (2002)
  4. Purchasing Power Parity
    Review of International Economics, 2003, 11, (3), 436-452 Downloads View citations
  5. The out-of-sample success of term structure models as exchange rate predictors: a step beyond
    Journal of International Economics, 2003, 60, (1), 61-83 Downloads View citations
    See also Working Paper (2002)
  6. Why is it so difficult to beat the random walk forecast of exchange rates?
    Journal of International Economics, 2003, 60, (1), 85-107 Downloads View citations
    See also Working Paper (2001)

2002

  1. 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
  2. Permanent and Temporary Components of Stock Prices: Evidence from Assessing Macroeconomic Shocks
    Southern Economic Journal, 2002, 69, (2), 345-362 View citations
  3. The stock return-inflation puzzle revisited
    Economics Letters, 2002, 75, (2), 147-156 Downloads View citations

2001

  1. Forecasting Capital Flows to Emerging Markets: A Kalman Filtering Approach
    Applied Financial Economics, 2001, 11, (6), 581-89 Downloads View citations
  2. Modelling Fundamentals for Forecasting Capital Flows to Emerging Markets
    International Journal of Finance & Economics, 2001, 6, (3), 201-16 Downloads View citations
  3. 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
    See also Working Paper (2001)
  4. Official Intervention in the Foreign Exchange Market: Is It Effective and, If So, How Does It Work?
    Journal of Economic Literature, 2001, 39, (3), 839-868 Downloads View citations
    See also Working Paper (2001)
  5. On the mean-reverting properties of target zone exchange rates: a cautionary note
    Economics Letters, 2001, 71, (1), 117-129 Downloads View citations
  6. Real Exchange Rate Dynamics in Transition Economies: A Nonlinear Analysis
    Studies in Nonlinear Dynamics & Econometrics, 2001, 5, (3), 1077-1077 Downloads View citations
  7. Risky Arbitrage, Limits of Arbitrage, and Nonlinear Adjustment in the Dividend-Price Ratio
    Economic Inquiry, 2001, 39, (4), 524-36 View citations

2000

  1. Measuring the temporary component of stock prices: robust multivariate analysis
    Economics Letters, 2000, 67, (2), 193-200 Downloads View citations
  2. Nonlinear adjustment, long-run equilibrium and exchange rate fundamentals
    Journal of International Money and Finance, 2000, 19, (1), 33-53 Downloads View citations
  3. Private consumption behaviour, liquidity constraints and financial deregulation in France: a nonlinear analysis
    Empirical Economics, 2000, 25, (2), 351-368 Downloads View citations
  4. Purchasing power parity over two centuries: strengthening the case for real exchange rate stability: A reply to Cuddington and Liang
    Journal of International Money and Finance, 2000, 19, (5), 759-764 Downloads View citations
  5. Taking Stock of EMU: Editorial
    Journal of Common Market Studies, 2000, 38, (4), 557-561 Downloads

1999

  1. Estimating growth equations for previously centrally planned economies: Dealing with dubious data and disparate information
    Journal of Macroeconomics, 1999, 21, (4), 639-671 Downloads View citations
  2. European Capital Flows and Regional Risk
    Manchester School, 1999, 67, (1), 21-38 Downloads View citations
    See also Working Paper
  3. Hot money, accounting labels and the permanence of capital flows to developing countries: an empirical investigation
    Journal of Development Economics, 1999, 59, (2), 337-364 Downloads View citations
  4. Moral hazard, asset price bubbles, capital flows, and the East Asian crisis:: the first tests
    Journal of International Money and Finance, 1999, 18, (4), 637-657 Downloads View citations
  5. Real Interest Rates and Macroeconomic Activity
    Oxford Review of Economic Policy, 1999, 15, (2), 95-113 View citations
  6. The Target Zone Model, Non-linearity and Mean Reversion: Is the Honeymoon Really Over?
    Economic Journal, 1999, 109, (454), C96-110 Downloads View citations

1998

  1. Exchange controls, international capital flows and saving-investment correlations in the UK: An empirical investigation
    Review of World Economics (Weltwirtschaftliches Archiv), 1998, 134, (1), 69-98 Downloads View citations
  2. Periodically collapsing stock price bubbles: a robust test
    Economics Letters, 1998, 61, (2), 221-228 Downloads View citations
  3. Real Interest Rates, Liquidity Constraints and Financial Deregulation: Private Consumption Behavior in the U.K
    Journal of Macroeconomics, 1998, 20, (2), 221-242 Downloads View citations
    See also Working Paper
  4. Real exchange rates under the recent float: unequivocal evidence of mean reversion
    Economics Letters, 1998, 60, (2), 131-137 Downloads View citations
    See also Working Paper
  5. Regulatory Uncertainty and the Volatility of Regional Electricity Company Share Prices: The Economic Consequences of Professor Littlechild
    Bulletin of Economic Research, 1998, 50, (1), 37-46 View citations
  6. Savings-Investment Correlations: Transitory versus Permanent
    The Manchester School of Economic & Social Studies, 1998, 66, 17-38
    See also Working Paper
  7. The behavior of real exchange rates during the post-Bretton Woods period
    Journal of International Economics, 1998, 46, (2), 281-312 Downloads View citations
    See also Working Paper (1997)
  8. The slope of the yield curve and real economic activity: tracing the transmission mechanism
    Economics Letters, 1998, 59, (3), 353-360 Downloads View citations

1997

  1. Capital Flows to Developing Countries: Long- and Short-Term Determinants
    World Bank Economic Review, 1997, 11, (3), 451-70 View citations
  2. Estimating the Mean-Reverting Component in Stock Prices: A Cross-Country Comparison
    Scottish Journal of Political Economy, 1997, 44, (5), 566-82 Downloads View citations
  3. Real exchange rate behavior
    Journal of International Money and Finance, 1997, 16, (6), 945-954 Downloads View citations
  4. Special Issue on Technical Analysis and Financial Markets: Editor's Introduction
    International Journal of Finance & Economics, 1997, 2, (4), 263-66 Downloads View citations
  5. The Term Structure Of Forward Exchange Premiums And The Forecastability Of Spot Exchange Rates: Correcting The Errors
    The Review of Economics and Statistics, 1997, 79, (3), 353-361 Downloads View citations

1996

  1. Real Exchange Rate Behavior: The Recent Float from the Perspective of the Past Two Centuries
    Journal of Political Economy, 1996, 104, (3), 488-509 Downloads View citations

1995

  1. Exchange Rates, Country-Specific Shocks, and Gold
    Applied Financial Economics, 1995, 5, (3), 121-29 Downloads View citations
  2. Macro-economic Shocks, the ERM, and Tri-polarity
    The Review of Economics and Statistics, 1995, 77, (2), 321-31 Downloads View citations
    See also Working Paper (1992)
  3. Sand in the Wheels of Foreign Exchange Markets: A Sceptical Note
    Economic Journal, 1995, 105, (428), 173-80 Downloads View citations
  4. The Economics of Exchange Rates
    Journal of Economic Literature, 1995, 33, (1), 13-47 Downloads View citations

1994

  1. On the Reinterpretation of Money Demand Regressions
    Journal of Money, Credit and Banking, 1994, 26, (4), 851-66 Downloads View citations
  2. Reexamining the Monetary Approach to the Exchange Rate: The Dollar-Franc, 1976-90
    Applied Financial Economics, 1994, 4, (6), 423-29 Downloads
  3. 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 Downloads View citations

1993

  1. Analysing Credibility in High-Inflation Countries: A New Approach
    Economic Journal, 1993, 103, (417), 329-36 Downloads View citations
  2. Fiscal Policy within Common Currency Areas
    Journal of Common Market Studies, 1993, 31, (1), 29-44 Downloads View citations
  3. Modeling the Demand for U.K. Broad Money, 1871-1913
    The Review of Economics and Statistics, 1993, 75, (1), 112-17 Downloads
  4. Money Demand, the Cagan Model and the Inflation Tax: Some Latin American Evidence
    The Review of Economics and Statistics, 1993, 75, (1), 32-37 Downloads View citations
  5. Money demand and inflation in Yugoslavia 1980-1989
    Journal of Macroeconomics, 1993, 15, (3), 455-481 Downloads
  6. Regional House Prices in Britain: Long-Run Relationships and Short-Run Dynamics
    Scottish Journal of Political Economy, 1993, 40, (1), 43-55 View citations
  7. The Causality between Official and Parallel Exchange Rates in Developing Countries
    Applied Financial Economics, 1993, 3, (3), 255-66 Downloads View citations

1992

  1. A Comparison of the Rational Expectations and the General-to-Specific Approaches to Modelling the Demand for M1
    The Manchester School of Economic & Social Studies, 1992, 60, (1), 1-22 View citations
  2. A stable US money demand function, 1874-1975
    Economics Letters, 1992, 39, (2), 191-198 Downloads View citations
  3. Dollar-Sterling Exchange Rate in the 1920s: Purchasing Power Parity and the Norman Conquest of $4.86
    Applied Economics, 1992, 24, (8), 803-11
  4. Modelling the Yield Curve
    Economic Journal, 1992, 102, (412), 524-37 Downloads View citations
    See also Working Paper (1991)
  5. The use of technical analysis in the foreign exchange market
    Journal of International Money and Finance, 1992, 11, (3), 304-314 Downloads View citations
  6. Why Don't Individuals Speculate in the Forward Foreign Exchange Market?
    Scottish Journal of Political Economy, 1992, 39, (1), 1-13

1991

  1. An Empirical Examination of Long-Run Purchasing Power Parity as Theory of International Commodity Arbitrage
    Applied Economics, 1991, 23, (11), 1749-59 View citations
  2. Exchange Rates, Policy Convergence, and the European Monetary System
    The Review of Economics and Statistics, 1991, 73, (3), 553-58 Downloads View citations
    See also Working Paper (1990)
  3. The Hyperinflation Model of Money Demand Revisited
    Journal of Money, Credit and Banking, 1991, 23, (3), 327-51 Downloads View citations
    See also Working Paper (1990)
  4. The monetary approach to the exchange rate: Long-run relationships and coefficient restrictions
    Economics Letters, 1991, 37, (2), 179-185 Downloads View citations

1990

  1. "The case of the missing money" and the Lucas critique
    Journal of Macroeconomics, 1990, 12, (3), 437-454 Downloads View citations
  2. Charts, Noise and Fundamentals in the London Foreign Exchange Market
    Economic Journal, 1990, 100, (400), 49-59 Downloads View citations
  3. Ex Ante Purchasing Power Parity: Some Evidence Based on Vector Autoregressions in the Time Domain
    Empirical Economics, 1990, 15, (1), 77-91
  4. Modelling Risk in the Interwar Foreign Exchange Market
    Scottish Journal of Political Economy, 1990, 37, (3), 241-58
  5. Money demand, expectations, and the forward-looking model
    Proceedings, 1990, 289-324 View citations
    Also in Journal of Policy Modeling, 1990, 12, (2), 289-315 (1990) Downloads View citations
  6. On Unit Roots and Real Exchange Rates: Empirical Evidence and Monte Carlo Analysis
    Applied Economics, 1990, 22, (10), 1311-21
  7. Reply to Goodfriend's comments on "Money demand, expectations and the forward looking model"
    Journal of Policy Modeling, 1990, 12, (2), 323-324 Downloads
  8. Some Efficient Tests of International Real Interest Rate Parity
    Applied Economics, 1990, 22, (8), 1083-92 View citations
  9. The Term Structure of Forward Foreign Exchange Premia: The Inter-war Experience
    The Manchester School of Economic & Social Studies, 1990, 58, (1), 54-65

1989

  1. Anticipated and Unanticipated Variables in the Demand for M1 in the U.K
    The Manchester School of Economic & Social Studies, 1989, 57, (4), 319-39
  2. Covered Interest Arbitrage and Market Turbulence
    Economic Journal, 1989, 99, (396), 376-91 Downloads View citations
  3. Expectations, Risk and Uncertainty in the Foreign Exchange Market: Some Results Based on Survey Data
    The Manchester School of Economic & Social Studies, 1989, 57, (2), 142-53 View citations
  4. Foreign exchange market efficiency and cointegration: Some evidence from the recent float
    Economics Letters, 1989, 29, (1), 63-68 Downloads View citations
  5. Interest Rate Parity: Some New Evidence
    Bulletin of Economic Research, 1989, 41, (4), 255-74 View citations
  6. Modelling Asset Prices with Time-Varying Betas
    The Manchester School of Economic & Social Studies, 1989, 57, (4), 340-56 View citations
  7. Random Walk Components in Output and Exchange Rates: Some Robust Tests on UK Data
    Bulletin of Economic Research, 1989, 41, (2), 123-35 View citations
  8. Rational Expectations, Risk and Efficiency in the London Metal Exchange: An Empirical Analysis
    Applied Economics, 1989, 21, (2), 143-53 View citations
  9. The Internationalisation of Stock Markets and the Abolition of U.K. Exchange Control
    The Review of Economics and Statistics, 1989, 71, (2), 332-36 Downloads View citations
  10. Vector Autoregressive Tests of Uncovered Interest Rate Parity with Allowance for Conditional Heteroscedasticity
    Scottish Journal of Political Economy, 1989, 36, (3), 238-52 View citations

1988

  1. A DYMIMIC Model of Forward Foreign Exchange Risk, with Estimates for Three Major Exchange Rates
    The Manchester School of Economic & Social Studies, 1988, 56, (1), 55-68 View citations
  2. An Empirical Examination of Long-run Purchasing Power Parity Using Cointegration Techniques
    Applied Economics, 1988, 20, (10), 1369-81 View citations
  3. Long-run purchasing power parity in the 1920s
    European Economic Review, 1988, 32, (1), 179-197 Downloads
  4. Metals Prices, Efficiency and Cointegration: Some Evidence from the London Metal Exchange
    Bulletin of Economic Research, 1988, 40, (3), 235-39 View citations
  5. Testing Rational Expectations and Efficiency in the London Metal Exchange
    Oxford Bulletin of Economics and Statistics, 1988, 50, (1), 41-52 View citations
  6. What Do Investment Managers Know? An Empirical Study of Practitioners' Predictions
    Economica, 1988, 55, (218), 185-202 Downloads

1987

  1. Covered Interest Parity: A High-Frequency, High-Quality Data Study
    Economica, 1987, 54, (216), 429-38 Downloads View citations
  2. Financial Innovation, Inflation and the Stability of the Demand for Broad Money in the United Kingdom
    Bulletin of Economic Research, 1987, 39, (3), 225-33 View citations
  3. Learning and Rationality: an Empirical Study of Investment Managers' Stock Market Predictions
    Annales d'Economie et de Statistique, 1987, (8), 03 Downloads
  4. On Long-run Solutions to Dynamic Econometric Equations under Rational Expectations [A Cautionary Note on the Interpretation of Long-run Equilibrium Solutions in Conventional Macro Models]
    Economic Journal, 1987, 97, (385), 215-18 Downloads
  5. On granger causality and the monetary approach to the balance of payments
    Journal of Macroeconomics, 1987, 9, (2), 239-253 Downloads View citations
  6. Risk premia and foreign exchange: A multiple time series approach to testing uncovered interest-rate parity
    Review of World Economics (Weltwirtschaftliches Archiv), 1987, 123, (4), 579-591 Downloads View citations
  7. Testing the Exogeneity Specification Underlying the Monetary Approach to the Balance of Payments: Some UK Evidence
    Applied Economics, 1987, 19, (5), 651-61
  8. The Demand for Money: A Dynamic Rational Expectations Model
    Economic Journal, 1987, 97, (388a), 65-76 View citations
  9. The Role of Speculation in the Forward Exchange Market: Some Consistent Estimates Assuming Rational Expectations
    Oxford Bulletin of Economics and Statistics, 1987, 49, (3), 323-33
  10. The Simple Analytics of Implicit Labour Contracts
    Bulletin of Economic Research, 1987, 39, (1), 1-27 View citations

1986

  1. A Varying-Parameter Empirical Model of Balance of Payments Determination under Fixed Exchange Rates: Results for the UK and West Germany
    Applied Economics, 1986, 18, (6), 567-82
  2. From the General to the Specific: The Demand for M2 in Three
    Empirical Economics, 1986, 11, (4), 243-61 View citations
  3. Monetary Anticipation and the Demand for Money in the U.K.: Testing Rationality in the Shock-Absorber Hypothesis
    Journal of Applied Econometrics, 1986, 1, (4), 355-65 Downloads View citations

1984

  1. The Monetary Approach to the Balance of Payments: A Critical Appraisal of Some Empirical Evidence
    Oxford Bulletin of Economics and Statistics, 1984, 46, (4), 329-40 View citations

Chapters

2008

  1. Real Variables, Nonlinearity, and European Real Exchange Rates
    A chapter in NBER International Seminar on Macroeconomics 2008, 2008 Downloads

2007

  1. Are There Thresholds of Current Account Adjustment in the G7?
    A chapter in G7 Current Account Imbalances: Sustainability and Adjustment, 2007, pp 169-204 Downloads View citations
    See also Working Paper (2006)

1996

  1. Exchange Rate Economics: What's Wrong with the Conventional Macro Approach?
    A chapter in The Microstructure of Foreign Exchange Markets, 1996, pp 261-302 Downloads View citations

Editor

  1. Applied Economics
    Taylor and Francis Journals
  2. Applied Economics Letters
    Taylor and Francis Journals
  3. Applied Financial Economics
    Taylor and Francis Journals
  4. Applied Financial Economics Letters
    Taylor and Francis Journals
  5. International Journal of Finance & Economics
    John Wiley & Sons, Ltd.
 
 
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