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Short-id: pge41

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Working Papers

2014

1. Money Demand in Ireland, 1933-2012
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Research Technical Papers, Central Bank of Ireland (2014) View citations (5)
2. Money, Interest Rates and Prices in Ireland, 1933-2012
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
3. Money, interest and prices in Ireland, 1933-2012
   Research Technical Papers, Central Bank of Ireland

2011

4. Deflation and Relative Prices: Evidence from Japan and Hong Kong
   VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis, Verein für Socialpolitik / German Economic Association
   Also in Working papers, Faculty of Business and Economics - University of Basel (2007) View citations (14)
   IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2007) View citations (14)
5. ECB Reaction Functions and the Crisis of 2008
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
   See also Journal Article ECB Reaction Functions and the Crisis of 2008, International Journal of Central Banking, International Journal of Central Banking (2014) View citations (15) (2014)
6. ECB Repo Rate Setting During the Financial Crisis
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (18)
   See also Journal Article ECB repo rate setting during the financial crisis, Economics Letters, Elsevier (2011) View citations (18) (2011)
7. Inflation Targeting and Inflation Persistence in Asia-Pacific
   Working Papers, Hong Kong Institute for Monetary Research View citations (3)
   See also Journal Article Inflation targeting and inflation persistence in Asia–Pacific, Journal of Asian Economics, Elsevier (2012) View citations (43) (2012)
8. Monetary Policy and TIPS Yields before the Crisis
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
   Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2011) View citations (4)
9. The Implementation of Monetary Policy in China: The Interbank Market and Bank Lending
   Working Papers, Hong Kong Institute for Monetary Research View citations (32)

2010

10. Banking and Sovereign Risk in the Euro Area
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (211)
    Also in Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2010) View citations (204)
11. Inflation Targeting and Inflation Persistence in Asia
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
12. Swiss Monetary Policy, 2000-2009
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    See also Journal Article Swiss Monetary Policy 2000-2009, Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES) (2010) View citations (3) (2010)
13. The Zero Lower Bound, ECB Interest Rate Policy and the Financial Crisis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (27)
    See also Journal Article Zero lower bound, ECB interest rate policy and the financial crisis, Empirical Economics, Springer (2014) View citations (16) (2014)

2009

14. The risk of deflation
    IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) View citations (8)

2008

15. Ensuring Financial Stability: Financial Structure and the Impact of Monetary Policy on Asset Prices
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (72)
    Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2008) View citations (61)
    IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich (2008) View citations (51)
16. Financial Structure and the Impact of Monetary Policy on Asset Prices
    Working Papers, Swiss National Bank View citations (104)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2008) View citations (83)
17. Monetary Factors and Inflation in Japan
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (16)
    Also in Working Papers, Swiss National Bank (2007) View citations (15)
    IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2007) View citations (14)
    See also Journal Article Monetary factors and inflation in Japan, Journal of the Japanese and International Economies, Elsevier (2008) View citations (19) (2008)
18. Monetary policy, asset prices and macroeconomic conditions: a panel-VAR study
    Working Paper Research, National Bank of Belgium View citations (69)
19. The Impact of the Euro on International Stability and Volatility
    European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission View citations (6)

2006

20. Interpreting Euro Area Inflation at High and Low Frequencies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (36)
    Also in BIS Working Papers, Bank for International Settlements (2006) View citations (60)
    See also Journal Article Interpreting euro area inflation at high and low frequencies, European Economic Review, Elsevier (2008) View citations (55) (2008)
21. Monetary policy regimes and macroeconomic outcomes: Hong Kong and Singapore
    BIS Working Papers, Bank for International Settlements View citations (18)
    See also Chapter Monetary policy regimes and macroeconomic outcomes: Hong Kong and Singapore, BIS Papers chapters, Bank for International Settlements (2006) View citations (18) (2006)
22. Money Growth, Output Gaps and Inflation at Low and High Frequency: Spectral Estimates for Switzerland
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (20)
    Also in Working Papers, Swiss National Bank (2006) View citations (8)
    See also Journal Article Money growth, output gaps and inflation at low and high frequency: Spectral estimates for Switzerland, Journal of Economic Dynamics and Control, Elsevier (2008) View citations (31) (2008)
23. Money at Low Frequencies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    See also Journal Article Money at Low Frequencies, Journal of the European Economic Association, MIT Press (2007) View citations (53) (2007)
24. Output gaps and inflation in Mainland China
    BIS Working Papers, Bank for International Settlements View citations (25)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2005)
    See also Journal Article Output gaps and inflation in Mainland China, China Economic Review, Elsevier (2006) View citations (26) (2006)
25. Understanding the Link between Money Growth and Inflation in the Euro Area
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (37)

2005

26. Money and Inflation in China
    Working Papers, Hong Kong Monetary Authority View citations (21)

2004

27. A Dynamic Factor Model for Current-Quarter Estimates of Economic Activity in Hong Kong
    Working Papers, Hong Kong Institute for Monetary Research View citations (2)
28. Bank Lending and Property Prices in Hong Kong
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2003) View citations (13)
    See also Journal Article Bank lending and property prices in Hong Kong, Journal of Banking & Finance, Elsevier (2005) View citations (144) (2005)
29. Interest Rate Setting by the ECB: Words and Deeds
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (46)

2003

30. Recession Aversion, Output and the Kydland-Prescott Barro-Gordon Model
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (22)
    See also Journal Article Recession aversion, output and the Kydland-Prescott Barro-Gordon model, Economics Letters, Elsevier (2003) View citations (28) (2003)
31. The ECB's Two Pillars
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (26)
32. The Inflation Bias Revisited: Theory and Some International Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (137)
    See also Journal Article The inflation bias revisited: theory and some international evidence, Manchester School, University of Manchester (2003) View citations (131) (2003)

2002

33. Estimates of Real Economic Activity in Switzerland, 1885-1930
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
34. Interpreting the Term Structure of Interbank Rates in Hong Kong
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2001)
    See also Journal Article Interpreting the term structure of interbank rates in Hong Kong, Pacific-Basin Finance Journal, Elsevier (2003) View citations (5) (2003)
35. Money and Inflation in the Euro-Area: A Case for Monetary Indicators?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (34)
    Also in BIS Working Papers, Bank for International Settlements (2001) View citations (34)
    NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (67)
    See also Journal Article Money and inflation in the euro area: A case for monetary indicators?, Journal of Monetary Economics, Elsevier (2003) View citations (238) (2003)
36. Unobservable-Component Estimates of Output Gaps in Five Asian Economies
    Working Papers, Hong Kong Institute for Monetary Research View citations (4)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (4)

2001

37. Inflation Targeting in Emerging Market and Transition Economies: Lessons After a Decade
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2001) View citations (15)
    See also Journal Article Inflation targeting in emerging market and transition economies: Lessons after a decade, European Economic Review, Elsevier (2002) View citations (119) (2002)

1999

38. The Taylor Rule and Interest Rates in the EMU Area
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (55)
    See also Journal Article The Taylor rule and interest rates in the EMU area, Economics Letters, Elsevier (2000) View citations (212) (2000)
39. The Taylor rule and interest rates in the EMU area: a note
    BIS Working Papers, Bank for International Settlements View citations (55)

1998

40. Does the Term Structure Predict Recessions? The International Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (129)
    Also in BIS Working Papers, Bank for International Settlements (1996) View citations (69)
    See also Journal Article Does the Term Structure Predict Recessions? The International Evidence, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (1998) View citations (117) (1998)

1997

41. Consumption and Credit Constraints: International Evidence
    Cahiers de Recherches Economiques du Département d'économie, Université de Lausanne, Faculté des HEC, Département d’économie View citations (122)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations (119)
    See also Journal Article Consumption and credit constraints: International evidence, Journal of Monetary Economics, Elsevier (1997) View citations (118) (1997)
42. Exchange Rate Regimes and the Expectations Hypothesis of the Term Structure
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
    Also in BIS Working Papers, Bank for International Settlements (1997) View citations (10)

1996

43. Monetary policy and the behaviour of interest rates: are long rates excessively volatile?
    BIS Working Papers, Bank for International Settlements View citations (21)

1995

44. Testing the quantity theory using long-run averaged cross-country data
    BIS Working Papers, Bank for International Settlements View citations (7)
45. The Information Content of the Term Structure: Evidence for Germany
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
    Also in BIS Working Papers, Bank for International Settlements (1995) View citations (14)
    See also Journal Article The Information Content of the Term Structure: Evidence for Germany, Empirical Economics, Springer (1997) View citations (26) (1997)
46. The Monetary Transmission Mechanism: Evidence from the G-7 Countries
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (148)
    Also in BIS Working Papers, Bank for International Settlements (1995) View citations (143)
47. The Term Structure of Euro-Rates: Some Evidence in Support of the Expectations Hypothesis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (21)
    Also in BIS Working Papers, Bank for International Settlements (1995) View citations (6)
    See also Journal Article The term structure of Euro-rates: some evidence in support of the expectations hypothesis, Journal of International Money and Finance, Elsevier (1997) View citations (93) (1997)

1994

48. Contagious Speculative Attacks
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (48)
    Also in BIS Working Papers, Bank for International Settlements (1994) View citations (48)
    See also Journal Article Contagious speculative attacks, European Journal of Political Economy, Elsevier (1995) View citations (157) (1995)
49. German unification and the demand for German M3
    BIS Working Papers, Bank for International Settlements View citations (12)

1990

50. Exchange Rate Dynamics and Currency Unification: The Ostmark-DM Rate
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    See also Journal Article Exchange Rate Dynamics and Currency Unification: The Ostmark-DM Rate, Empirical Economics, Springer (1993) View citations (3) (1993)
51. Intertemporal Prices and the US Trade Balance in Durable Goods
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1988

52. Imperfect information and economic shocks: implications for wage flexibility
    Research Paper, Federal Reserve Bank of New York

Journal Articles

2014

1. ECB Reaction Functions and the Crisis of 2008
   International Journal of Central Banking, 2014, 10, (1), 137-158 View citations (15)
   See also Working Paper ECB Reaction Functions and the Crisis of 2008, CEPR Discussion Papers (2011) View citations (8) (2011)
2. Zero lower bound, ECB interest rate policy and the financial crisis
   Empirical Economics, 2014, 46, (3), 865-886 View citations (16)
   See also Working Paper The Zero Lower Bound, ECB Interest Rate Policy and the Financial Crisis, CEPR Discussion Papers (2010) View citations (27) (2010)

2013

3. Monetary Policy after the Crisis
   Manchester School, 2013, 81, 16-34 View citations (5)

2012

4. Inflation targeting and inflation persistence in Asia–Pacific
   Journal of Asian Economics, 2012, 23, (4), 360-373 View citations (43)
   See also Working Paper Inflation Targeting and Inflation Persistence in Asia-Pacific, Working Papers (2011) View citations (3) (2011)

2011

5. ECB repo rate setting during the financial crisis
   Economics Letters, 2011, 112, (2), 186-188 View citations (18)
   See also Working Paper ECB Repo Rate Setting During the Financial Crisis, CEPR Discussion Papers (2011) View citations (18) (2011)

2010

6. Swiss Monetary Policy 2000-2009
   Swiss Journal of Economics and Statistics (SJES), 2010, 146, (I), 131-165 View citations (3)
   See also Working Paper Swiss Monetary Policy, 2000-2009, CEPR Discussion Papers (2010) View citations (3) (2010)

2008

7. Interpreting euro area inflation at high and low frequencies
   European Economic Review, 2008, 52, (6), 964-986 View citations (55)
   See also Working Paper Interpreting Euro Area Inflation at High and Low Frequencies, CEPR Discussion Papers (2006) View citations (36) (2006)
8. Monetary factors and inflation in Japan
   Journal of the Japanese and International Economies, 2008, 22, (3), 343-363 View citations (19)
   See also Working Paper Monetary Factors and Inflation in Japan, CEPR Discussion Papers (2008) View citations (16) (2008)
9. Money growth, output gaps and inflation at low and high frequency: Spectral estimates for Switzerland
   Journal of Economic Dynamics and Control, 2008, 32, (2), 411-435 View citations (31)
   See also Working Paper Money Growth, Output Gaps and Inflation at Low and High Frequency: Spectral Estimates for Switzerland, CEPR Discussion Papers (2006) View citations (20) (2006)

2007

10. Interest Rate Setting by the ECB, 1999-2006: Words and Deeds
    International Journal of Central Banking, 2007, 3, (3), 1-46 View citations (116)
11. Money at Low Frequencies
    Journal of the European Economic Association, 2007, 5, (2-3), 534-542 View citations (53)
    See also Working Paper Money at Low Frequencies, CEPR Discussion Papers (2006) View citations (7) (2006)

2006

12. Output gaps and inflation in Mainland China
    China Economic Review, 2006, 17, (2), 210-225 View citations (26)
    See also Working Paper Output gaps and inflation in Mainland China, BIS Working Papers (2006) View citations (25) (2006)

2005

13. Bank lending and property prices in Hong Kong
    Journal of Banking & Finance, 2005, 29, (2), 461-481 View citations (144)
    See also Working Paper Bank Lending and Property Prices in Hong Kong, CEPR Discussion Papers (2004) View citations (3) (2004)
14. Estimates of real economic activity in Switzerland, 1886–1930
    Empirical Economics, 2005, 30, (3), 763-781
15. Monetary operations by Hong Kong's Currency Board
    Journal of Asian Economics, 2005, 15, (6), 1119-1135 View citations (7)

2004

16. Estimating output gaps in Asia: A cross-country study
    Journal of the Japanese and International Economies, 2004, 18, (1), 115-136 View citations (29)

2003

17. Interpreting the term structure of interbank rates in Hong Kong
    Pacific-Basin Finance Journal, 2003, 11, (5), 593-609 View citations (5)
    See also Working Paper Interpreting the Term Structure of Interbank Rates in Hong Kong, CEPR Discussion Papers (2002) View citations (2) (2002)
18. Money and inflation in the euro area: A case for monetary indicators?
    Journal of Monetary Economics, 2003, 50, (8), 1649-1672 View citations (238)
    See also Working Paper Money and Inflation in the Euro-Area: A Case for Monetary Indicators?, CEPR Discussion Papers (2002) View citations (34) (2002)
19. Recession aversion, output and the Kydland-Prescott Barro-Gordon model
    Economics Letters, 2003, 81, (3), 389-394 View citations (28)
    See also Working Paper Recession Aversion, Output and the Kydland-Prescott Barro-Gordon Model, CEPR Discussion Papers (2003) View citations (22) (2003)
20. The inflation bias revisited: theory and some international evidence
    Manchester School, 2003, 71, (5), 541-565 View citations (131)
    See also Working Paper The Inflation Bias Revisited: Theory and Some International Evidence, CEPR Discussion Papers (2003) View citations (137) (2003)

2002

21. Inflation targeting in emerging market and transition economies: Lessons after a decade
    European Economic Review, 2002, 46, (4-5), 781-790 View citations (119)
    See also Working Paper Inflation Targeting in Emerging Market and Transition Economies: Lessons After a Decade, CEPR Discussion Papers (2001) View citations (14) (2001)

2000

22. MCIs and monetary policy
    European Economic Review, 2000, 44, (9), 1677-1700 View citations (72)
23. The Taylor rule and interest rates in the EMU area
    Economics Letters, 2000, 67, (2), 165-171 View citations (212)
    See also Working Paper The Taylor Rule and Interest Rates in the EMU Area, CEPR Discussion Papers (1999) View citations (55) (1999)

1999

24. Output gaps and monetary policy in the EMU area1
    European Economic Review, 1999, 43, (4-6), 801-812 View citations (131)
25. Who targets inflation explicitly?
    European Economic Review, 1999, 43, (7), 1257-1277 View citations (32)

1998

26. Does the Term Structure Predict Recessions? The International Evidence
    International Journal of Finance & Economics, 1998, 3, (3), 195-215 View citations (117)
    See also Working Paper Does the Term Structure Predict Recessions? The International Evidence, CEPR Discussion Papers (1998) View citations (129) (1998)

1997

27. Consumption and credit constraints: International evidence
    Journal of Monetary Economics, 1997, 40, (2), 207-238 View citations (118)
    See also Working Paper Consumption and Credit Constraints: International Evidence, Cahiers de Recherches Economiques du Département d'économie (1997) View citations (122) (1997)
28. The Information Content of the Term Structure: Evidence for Germany
    Empirical Economics, 1997, 22, (2), 161-79 View citations (26)
    See also Working Paper The Information Content of the Term Structure: Evidence for Germany, CEPR Discussion Papers (1995) View citations (14) (1995)
29. The term structure of Euro-rates: some evidence in support of the expectations hypothesis
    Journal of International Money and Finance, 1997, 16, (2), 305-321 View citations (93)
    See also Working Paper The Term Structure of Euro-Rates: Some Evidence in Support of the Expectations Hypothesis, CEPR Discussion Papers (1995) View citations (21) (1995)

1995

30. Adjustable pegs vs. single currencies: How valuable is the option to realign?
    European Economic Review, 1995, 39, (6), 1155-1170 View citations (9)
31. Contagious speculative attacks
    European Journal of Political Economy, 1995, 11, (1), 45-63 View citations (157)
    See also Working Paper Contagious Speculative Attacks, CEPR Discussion Papers (1994) View citations (48) (1994)

1994

32. On the symmetry between inflation and exchange rate targets
    Economics Letters, 1994, 44, (1-2), 133-137 View citations (6)
33. Sticky import prices and J-curves
    Economics Letters, 1994, 44, (3), 281-285 View citations (3)

1993

34. Exchange Rate Dynamics and Currency Unification: The Ostmark-DM Rate
    Empirical Economics, 1993, 18, (3), 417-29 View citations (3)
    See also Working Paper Exchange Rate Dynamics and Currency Unification: The Ostmark-DM Rate, CEPR Discussion Papers (1990) View citations (3) (1990)
35. The rise and fall of the Scandinavian Currency Union 1873-1920
    European Economic Review, 1993, 37, (2-3), 507-517 View citations (8)

1992

36. External influences in Nordic business cycles, 1870–1988
    Open Economies Review, 1992, 3, (1), 1-22 View citations (6)
37. Intertemporal Prices and the U.S. Trade Balance
    American Economic Review, 1992, 82, (5), 1234-53 View citations (24)

1990

38. Imperfect information and wage flexibility
    Economics Letters, 1990, 33, (4), 385-388
39. Money growth and inflation dynamics
    Economics Letters, 1990, 32, (2), 133-135

1989

40. Information, persistence, and real business cycles
    Journal of Economic Dynamics and Control, 1989, 13, (2), 187-199 View citations (3)
41. Intertemporal speculation, devaluation, and the J-curve
    Journal of International Economics, 1989, 27, (3-4), 335-345 View citations (5)

1988

42. State-space estimates of international business cycles
    Economics Letters, 1988, 28, (3), 231-234 View citations (8)
43. World Business Cycles under Fixed and Flexible Exchange Rates
    Journal of Money, Credit and Banking, 1988, 20, (4), 621-32 View citations (97)

1987

44. Exchange rates: A review essay
    Journal of Monetary Economics, 1987, 19, (1), 137-142 View citations (1)

1985

45. A money demand equation for Brazil: Comments and additional evidence
    Journal of Development Economics, 1985, 18, (2-3), 493-501 View citations (7)

Books

2010

1. The Quest for Stability: the macro view
   SUERF Studies, SUERF - The European Money and Finance Forum View citations (2)

Edited books

2014

1. Twenty Years of Inflation Targeting
   Cambridge Books, Cambridge University Press

2012

2. The ESRB at 1
   SUERF Studies, SUERF - The European Money and Finance Forum

1990

3. The Economics of the Dollar Cycle, vol 1
   MIT Press Books, The MIT Press View citations (2)

Chapters

2006

1. Monetary policy regimes and macroeconomic outcomes: Hong Kong and Singapore
   A chapter in Monetary policy in Asia: approaches and implementation, 2006, vol. 31, pp 40-64 View citations (18)
   See also Working Paper Monetary policy regimes and macroeconomic outcomes: Hong Kong and Singapore, Bank for International Settlements (2006) View citations (18) (2006)

2005

2. Macroeconomic conditions and banking performance in Hong Kong SAR: a panel data study
   A chapter in Investigating the relationship between the financial and real economy, 2005, vol. 22, pp 481-97 View citations (27)

2001

3. Modelling the transmission mechanism of monetary policy in emerging market countries using prior information
   A chapter in Modelling aspects of the inflation process and the monetary transmission mechanism in emerging market countries, 2001, vol. 08, pp 264-272 View citations (10)