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

2008

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

2007

7. End-user order flow and exchange rate dynamics
   Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, Research Centre View citations
8. 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

2006

9. Are There Thresholds of Current Account Adjustment in the G7?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   See also Chapter (2007)
10. International Liquidity Swaps: Is the Chiang Mai Initiative Pooling Reserves Efficiently ?
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
    See also Journal Article in International Journal of Finance & Economics (2008)
11. 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 View citations
12. Regional Vulnerability: The Case of East Asia
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
    See also Journal Article in Journal of International Money and Finance (2007)
13. The Coordination Channel of Foreign Exchange Intervention
    Computing in Economics and Finance 2006, Society for Computational Economics View citations
14. The Obstinate Passion of Foreign Exchange Professionals: Technical Analysis
    Diskussionspapiere der Wirtschaftswissenschaftlichen Fakultät der Universität Hannover, Universität Hannover, Wirtschaftswissenschaftliche Fakultät View citations
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2006) View citations
    See also Journal Article in Journal of Economic Literature (2007)
15. The coordination channel of foreign exchange intervention: a nonlinear microstructural analysis
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, Research Centre View citations
    See also Journal Article in European Economic Review (2008)

2005

16. A Cross-Country Financial Accelerator: Evidence from North America and Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Working Papers, Warwick Business School, Financial Econometrics Research Centre (2005)
    See also Journal Article in Journal of International Money and Finance (2007)
17. The Role of Asymmetries and Regime Shifts in the Term Structure of Interest Rates
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in Working Papers, Warwick Business School, Financial Econometrics Research Centre (2004)
    See also Journal Article in Journal of Business (2006)

2004

18. International Capital Crunches: The Time-Varying Role Of Informational Asymmetries
    Royal Economic Society Annual Conference 2004, Royal Economic Society View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003)
    IMF Working Papers, International Monetary Fund (2002) View citations
19. The Purchasing Power Parity Debate
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in Working Papers, University of California at Davis, Department of Economics (2004) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations
    See also Journal Article in Journal of Economic Perspectives (2004)
20. The Term Structure Of Euromarket Interest Rates: Some New Evidence
    Royal Economic Society Annual Conference 2004, Royal Economic Society

2003

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

2002

23. 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 View citations
    See also Journal Article in Journal of International Money and Finance (2004)
24. Non-Linear Equilibrium Corection in US Real Money Balances, 1869-1997
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
25. Nonlinear Permanent -Temporary Decompositions in Macroeconomics and Finance
    Royal Economic Society Annual Conference 2002, Royal Economic Society View citations
    See also Journal Article in Economic Journal (2003)
26. 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 View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations
    See also Journal Article in Journal of International Economics (2003)

2001

27. 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 View citations
28. 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
    See also Journal Article in International Economic Review (2001)
29. 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 View citations
    See also Journal Article in Journal of Economic Literature (2001)
30. Purchasing Power Parity and the Real Exchange Rate
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
31. Why Is It So Difficult to Beat the Random Walk Forecast of Exchange Rates?
    Working Papers, Research Seminar in International Economics, University of Michigan View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations
    Working Paper Series, European Central Bank (2001) View citations
    Tinbergen Institute Discussion Papers, Tinbergen Institute (2001) View citations
    See also Journal Article in Journal of International Economics (2003)

1999

32. 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 View citations

1998

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

1997

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

1994

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

1993

38. DEER Hunting - Misalignment, Debt Accumulation, and Desired Equilibrium Exchange Rates
    IMF Working Papers, International Monetary Fund View citations
39. The Stabilizing Effect of the ERM on Exchange Rates and Interest Rates - An Empirical Investigation
    IMF Working Papers, International Monetary Fund View citations
40. 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 View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993)

1992

41. Common Currency Areas and Currency Unions: An Analysis of the Issues
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
42. Exchange Rates, Country Preferences, and Gold
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in IMF Working Papers, International Monetary Fund (1992)
43. Macroeconomic Shocks, the ERM, and Tri-Polarity
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in The Review of Economics and Statistics (1995)
44. Policy Issues in the Evolving International Monetary System
    IMF Occasional Papers, International Monetary Fund View citations
45. The Monetary Approach to the Exchange Rate: Rational Expectations, Long-Run Equilibrium and Forecasting
    IMF Working Papers, International Monetary Fund View citations
46. 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

47. Exchange Rate Economics: A Survey
    IMF Working Papers, International Monetary Fund View citations
48. Intervention, Interest Rates, and Charts: Three Essays in International Finance
    IMF Working Papers, International Monetary Fund View citations
49. Modelling the Yield Curve
    IMF Working Papers, International Monetary Fund
    See also Journal Article in Economic Journal (1992)
50. Testing for Credibility Effects
    IMF Working Papers, International Monetary Fund View citations
51. 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

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

1989

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

1988

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

Undated

59. 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)
60. 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
61. 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)
62. 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)
63. 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
2. The applied economics of agriculture: introduction and overview
   Applied Economics, 2009, 41, (1), 1-3
3. The applied economics of economic growth: introduction and overview
   Applied Economics, 2009, 41, (13), 1575-1577
4. The applied economics of employment: introduction and overview
   Applied Economics, 2009, 41, (19), 2385-2387
5. The applied economics of fiscal policy: introduction and overview
   Applied Economics, 2009, 41, (7), 811-813
6. The applied economics of health: introduction and overview
   Applied Economics, 2009, 41, (4), 413-415
7. The applied economics of monetary policy: introduction and overview
   Applied Economics, 2009, 41, (16), 1991-1993
8. The applied economics of money and inflation: introduction and overview
   Applied Economics, 2009, 41, (10), 1199-1201

2008

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

2007

13. A cross-country financial accelerator: Evidence from North America and Europe
    Journal of International Money and Finance, 2007, 26, (1), 149-165
    See also Working Paper (2005)
14. Exchange rate intervention
    International Journal of Finance & Economics, 2007, 12, (2), 107-108 View citations
15. Regional vulnerability: The case of East Asia
    Journal of International Money and Finance, 2007, 26, (8), 1292-1310
    See also Working Paper (2006)
16. 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

17. Aspects of foreign exchange market microstructure: editors' introduction
    International Journal of Finance & Economics, 2006, 11, (1), 1-2
18. 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 View citations
19. Real exchange rates and Purchasing Power Parity: mean-reversion in economic thought
    Applied Financial Economics, 2006, 16, (1-2), 1-17 View citations
20. The Role of Asymmetries and Regime Shifts in the Term Structure of Interest Rates
    Journal of Business, 2006, 79, (3), 1193-1224 View citations
    See also Working Paper (2005)
21. Under the microscope: the structure of the foreign exchange market
    International Journal of Finance & Economics, 2006, 11, (1), 81-95 View citations

2005

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

2004

24. 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 View citations
25. Financial predictors of real activity and the financial accelerator
    Economics Letters, 2004, 82, (2), 167-172 View citations
26. 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 View citations
27. Is Official Exchange Rate Intervention Effective?
    Economica, 2004, 71, 1-11 View citations
    See also Working Paper (2003)
28. 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 View citations
    See also Working Paper (2002)
29. The Purchasing Power Parity Debate
    Journal of Economic Perspectives, 2004, 18, (4), 135-158 View citations
    See also Working Paper (2004)
30. 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 View citations

2003

31. An empirical investigation of asset price bubbles in Latin American emerging financial markets
    Applied Financial Economics, 2003, 13, (9), 635-643 View citations
32. Nonlinear Equilibrium Correction in U.S. Real Money Balances, 1869-1997
    Journal of Money, Credit and Banking, 2003, 35, (5), 787-99 View citations
33. Nonlinear Permanent - Temporary Decompositions in Macroeconomics and Finance
    Economic Journal, 2003, 113, (486), C125-C139 View citations
    See also Working Paper (2002)
34. Purchasing Power Parity
    Review of International Economics, 2003, 11, (3), 436-452 View citations
35. 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 View citations
    See also Working Paper (2002)
36. Why is it so difficult to beat the random walk forecast of exchange rates?
    Journal of International Economics, 2003, 60, (1), 85-107 View citations
    See also Working Paper (2001)

2002

37. 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
38. Permanent and Temporary Components of Stock Prices: Evidence from Assessing Macroeconomic Shocks
    Southern Economic Journal, 2002, 69, (2), 345-362 View citations
39. The stock return-inflation puzzle revisited
    Economics Letters, 2002, 75, (2), 147-156 View citations

2001

40. Forecasting Capital Flows to Emerging Markets: A Kalman Filtering Approach
    Applied Financial Economics, 2001, 11, (6), 581-89 View citations
41. Modelling Fundamentals for Forecasting Capital Flows to Emerging Markets
    International Journal of Finance & Economics, 2001, 6, (3), 201-16 View citations
42. 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)
43. 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 View citations
    See also Working Paper (2001)
44. On the mean-reverting properties of target zone exchange rates: a cautionary note
    Economics Letters, 2001, 71, (1), 117-129 View citations
45. Real Exchange Rate Dynamics in Transition Economies: A Nonlinear Analysis
    Studies in Nonlinear Dynamics & Econometrics, 2001, 5, (3), 1077-1077 View citations
46. Risky Arbitrage, Limits of Arbitrage, and Nonlinear Adjustment in the Dividend-Price Ratio
    Economic Inquiry, 2001, 39, (4), 524-36 View citations

2000

47. Measuring the temporary component of stock prices: robust multivariate analysis
    Economics Letters, 2000, 67, (2), 193-200 View citations
48. Nonlinear adjustment, long-run equilibrium and exchange rate fundamentals
    Journal of International Money and Finance, 2000, 19, (1), 33-53 View citations
49. Private consumption behaviour, liquidity constraints and financial deregulation in France: a nonlinear analysis
    Empirical Economics, 2000, 25, (2), 351-368 View citations
50. 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 View citations
51. Taking Stock of EMU: Editorial
    Journal of Common Market Studies, 2000, 38, (4), 557-561

1999

52. Estimating growth equations for previously centrally planned economies: Dealing with dubious data and disparate information
    Journal of Macroeconomics, 1999, 21, (4), 639-671 View citations
53. European Capital Flows and Regional Risk
    Manchester School, 1999, 67, (1), 21-38 View citations
    See also Working Paper
54. 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 View citations
55. 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 View citations
56. Real Interest Rates and Macroeconomic Activity
    Oxford Review of Economic Policy, 1999, 15, (2), 95-113 View citations
57. The Target Zone Model, Non-linearity and Mean Reversion: Is the Honeymoon Really Over?
    Economic Journal, 1999, 109, (454), C96-110 View citations

1998

58. 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 View citations
59. Periodically collapsing stock price bubbles: a robust test
    Economics Letters, 1998, 61, (2), 221-228 View citations
60. Real Interest Rates, Liquidity Constraints and Financial Deregulation: Private Consumption Behavior in the U.K
    Journal of Macroeconomics, 1998, 20, (2), 221-242 View citations
    See also Working Paper
61. Real exchange rates under the recent float: unequivocal evidence of mean reversion
    Economics Letters, 1998, 60, (2), 131-137 View citations
    See also Working Paper
62. 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
63. Savings-Investment Correlations: Transitory versus Permanent
    The Manchester School of Economic & Social Studies, 1998, 66, 17-38
    See also Working Paper
64. The behavior of real exchange rates during the post-Bretton Woods period
    Journal of International Economics, 1998, 46, (2), 281-312 View citations
    See also Working Paper (1997)
65. The slope of the yield curve and real economic activity: tracing the transmission mechanism
    Economics Letters, 1998, 59, (3), 353-360 View citations

1997

66. Capital Flows to Developing Countries: Long- and Short-Term Determinants
    World Bank Economic Review, 1997, 11, (3), 451-70 View citations
67. Estimating the Mean-Reverting Component in Stock Prices: A Cross-Country Comparison
    Scottish Journal of Political Economy, 1997, 44, (5), 566-82 View citations
68. Real exchange rate behavior
    Journal of International Money and Finance, 1997, 16, (6), 945-954 View citations
69. Special Issue on Technical Analysis and Financial Markets: Editor's Introduction
    International Journal of Finance & Economics, 1997, 2, (4), 263-66 View citations
70. 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 View citations

1996

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

1995

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

1994

76. On the Reinterpretation of Money Demand Regressions
    Journal of Money, Credit and Banking, 1994, 26, (4), 851-66 View citations
77. Reexamining the Monetary Approach to the Exchange Rate: The Dollar-Franc, 1976-90
    Applied Financial Economics, 1994, 4, (6), 423-29
78. The monetary model of the exchange rate: long-run relationships, short-run dynamics and how to beat a random walk
    Journal of International Money and Finance, 1994, 13, (3), 276-290 View citations

1993

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

1992

86. 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
87. A stable US money demand function, 1874-1975
    Economics Letters, 1992, 39, (2), 191-198 View citations
88. Dollar-Sterling Exchange Rate in the 1920s: Purchasing Power Parity and the Norman Conquest of $4.86
    Applied Economics, 1992, 24, (8), 803-11
89. Modelling the Yield Curve
    Economic Journal, 1992, 102, (412), 524-37 View citations
    See also Working Paper (1991)
90. The use of technical analysis in the foreign exchange market
    Journal of International Money and Finance, 1992, 11, (3), 304-314 View citations
91. Why Don't Individuals Speculate in the Forward Foreign Exchange Market?
    Scottish Journal of Political Economy, 1992, 39, (1), 1-13

1991

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

1990

96. "The case of the missing money" and the Lucas critique
    Journal of Macroeconomics, 1990, 12, (3), 437-454 View citations
97. Charts, Noise and Fundamentals in the London Foreign Exchange Market
    Economic Journal, 1990, 100, (400), 49-59 View citations
98. Ex Ante Purchasing Power Parity: Some Evidence Based on Vector Autoregressions in the Time Domain
    Empirical Economics, 1990, 15, (1), 77-91
99. Modelling Risk in the Interwar Foreign Exchange Market
    Scottish Journal of Political Economy, 1990, 37, (3), 241-58
100. 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) View citations
101. On Unit Roots and Real Exchange Rates: Empirical Evidence and Monte Carlo Analysis
     Applied Economics, 1990, 22, (10), 1311-21
102. Reply to Goodfriend's comments on "Money demand, expectations and the forward looking model"
     Journal of Policy Modeling, 1990, 12, (2), 323-324
103. Some Efficient Tests of International Real Interest Rate Parity
     Applied Economics, 1990, 22, (8), 1083-92 View citations
104. 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

105. 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
106. Covered Interest Arbitrage and Market Turbulence
     Economic Journal, 1989, 99, (396), 376-91 View citations
107. 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
108. Foreign exchange market efficiency and cointegration: Some evidence from the recent float
     Economics Letters, 1989, 29, (1), 63-68 View citations
109. Interest Rate Parity: Some New Evidence
     Bulletin of Economic Research, 1989, 41, (4), 255-74 View citations
110. Modelling Asset Prices with Time-Varying Betas
     The Manchester School of Economic & Social Studies, 1989, 57, (4), 340-56 View citations
111. 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
112. Rational Expectations, Risk and Efficiency in the London Metal Exchange: An Empirical Analysis
     Applied Economics, 1989, 21, (2), 143-53 View citations
113. The Internationalisation of Stock Markets and the Abolition of U.K. Exchange Control
     The Review of Economics and Statistics, 1989, 71, (2), 332-36 View citations
114. 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

115. 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
116. An Empirical Examination of Long-run Purchasing Power Parity Using Cointegration Techniques
     Applied Economics, 1988, 20, (10), 1369-81 View citations
117. Long-run purchasing power parity in the 1920s
     European Economic Review, 1988, 32, (1), 179-197
118. Metals Prices, Efficiency and Cointegration: Some Evidence from the London Metal Exchange
     Bulletin of Economic Research, 1988, 40, (3), 235-39 View citations
119. Testing Rational Expectations and Efficiency in the London Metal Exchange
     Oxford Bulletin of Economics and Statistics, 1988, 50, (1), 41-52 View citations
120. What Do Investment Managers Know? An Empirical Study of Practitioners' Predictions
     Economica, 1988, 55, (218), 185-202

1987

121. Covered Interest Parity: A High-Frequency, High-Quality Data Study
     Economica, 1987, 54, (216), 429-38 View citations
122. 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
123. Learning and Rationality: an Empirical Study of Investment Managers' Stock Market Predictions
     Annales d'Economie et de Statistique, 1987, (8), 03
124. 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
125. On granger causality and the monetary approach to the balance of payments
     Journal of Macroeconomics, 1987, 9, (2), 239-253 View citations
126. 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 View citations
127. Testing the Exogeneity Specification Underlying the Monetary Approach to the Balance of Payments: Some UK Evidence
     Applied Economics, 1987, 19, (5), 651-61
128. The Demand for Money: A Dynamic Rational Expectations Model
     Economic Journal, 1987, 97, (388a), 65-76 View citations
129. 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
130. The Simple Analytics of Implicit Labour Contracts
     Bulletin of Economic Research, 1987, 39, (1), 1-27 View citations

1986

131. 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
132. From the General to the Specific: The Demand for M2 in Three
     Empirical Economics, 1986, 11, (4), 243-61 View citations
133. 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 View citations

1984

134. 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

2007

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

1996

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