Details about Richard John Harrison

Access statistics for papers by Richard John Harrison.

Last updated 2025-01-06. Update your information in the RePEc Author Service.

Short-id: pha453

Working Papers

2024

1. Optimal quantitative easing and tightening
   Bank of England working papers, Bank of England View citations (1)

2023

2. Global R*
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
3. Structural change, global R* and the missing-investment puzzle
   Bank of England working papers, Bank of England

2022

4. Decomposing the drivers of Global R*
   Bank of England working papers, Bank of England View citations (3)
5. House price dynamics, optimal LTV limits and the liquidity trap
   Bank of England working papers, Bank of England View citations (1)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (9)
   See also Journal Article House Price Dynamics, Optimal LTV Limits and the Liquidity Trap, The Review of Economic Studies, Review of Economic Studies Ltd (2024) View citations (1) (2024)

2021

6. Flexible inflation targeting with active fiscal policy
   Bank of England working papers, Bank of England
7. Optimal policy with occasionally binding constraints: piecewise linear solution methods
   Bank of England working papers, Bank of England View citations (3)

2020

8. The central bank balance sheet as a policy tool: past, present and future
   Bank of England working papers, Bank of England View citations (11)

2019

9. Monetary financing with interest-bearing money
   Bank of England working papers, Bank of England View citations (1)
10. The Brexit Vote, Productivity Growth and Macroeconomic Adjustments in the United Kingdom
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
    Also in Discussion Papers, Centre for Macroeconomics (CFM) (2019) View citations (15)
    Discussion Papers, Monetary Policy Committee Unit, Bank of England (2019) View citations (2)

2018

11. Concerted efforts? Monetary policy and macro-prudential tools
    Bank of England working papers, Bank of England View citations (10)
12. DSGE-based Priors for BVARs & Quasi-Bayesian DSGE Estimation
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
13. DSGE-based priors for BVARs and quasi-Bayesian DSGE estimation
    Bank of England working papers, Bank of England
    See also Journal Article DSGE-based priors for BVARs and quasi-Bayesian DSGE estimation, Econometrics and Statistics, Elsevier (2020) View citations (2) (2020)

2017

14. Optimal quantitative easing
    Bank of England working papers, Bank of England View citations (43)
15. Threshold-based forward guidance: hedging the zero bound
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in Bank of England working papers, Bank of England (2015) View citations (11)
16. Uncertain forward guidance
    Bank of England working papers, Bank of England View citations (6)

2014

17. Estimating the Effects of Forward Guidance in Rational Expectations Models
    Discussion Papers, Centre for Macroeconomics (CFM) View citations (1)
    See also Journal Article Estimating the effects of forward guidance in rational expectations models, European Economic Review, Elsevier (2015) View citations (6) (2015)
18. Transitory interest-rate pegs under imperfect credibility
    Discussion Papers, Centre for Macroeconomics (CFM) View citations (17)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2014) View citations (16)

2013

19. The Bank of England's forecasting platform: COMPASS, MAPS, EASE and the suite of models
    Bank of England working papers, Bank of England View citations (141)

2012

20. Asset purchase policy at the effective lower bound for interest rates
    Bank of England working papers, Bank of England View citations (83)
21. Misperceptions, heterogeneous expectations and macroeconomic dynamics
    Bank of England working papers, Bank of England View citations (1)
    Also in 2008 Meeting Papers, Society for Economic Dynamics (2008)
22. Non-rational expectations and the transmission mechanism
    Bank of England working papers, Bank of England View citations (3)
23. Practical tools for policy analysis in DSGE models with missing channels
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (3)

2011

24. The impact of permanent energy price shocks on the UK economy
    Bank of England working papers, Bank of England View citations (16)

2010

25. Evaluating and estimating a DSGE model for the United Kingdom
    Bank of England working papers, Bank of England View citations (56)

2008

26. Breaks in DSGE models
    2008 Meeting Papers, Society for Economic Dynamics View citations (1)
27. Using time-varying VARs to diagnose the source of ‘Great Moderations’: a Monte Carlo analysis
    CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis

2006

28. The danger of inflating expectations of macroeconomic stability: heuristic switching in an overlapping generations monetary model
    Bank of England working papers, Bank of England View citations (27)
    See also Journal Article The Danger of Inflating Expectations of Macroeconomic Stability: Heuristic Switching in an Overlapping-Generations Monetary Model, International Journal of Central Banking, International Journal of Central Banking (2008) View citations (63) (2008)

2004

29. Forecasting with Measurement Errors in Dynamic Models
    Working Papers, Queen Mary University of London, School of Economics and Finance View citations (5)
    Also in Bank of England working papers, Bank of England (2004) View citations (5)
    Royal Economic Society Annual Conference 2003, Royal Economic Society (2003) View citations (5)
    See also Journal Article Forecasting with measurement errors in dynamic models, International Journal of Forecasting, Elsevier (2005) View citations (13) (2005)

2001

30. Monetary policy rules for an open economy
    Bank of England working papers, Bank of England View citations (73)
    Also in Computing in Economics and Finance 2000, Society for Computational Economics (2000) View citations (54)
    See also Journal Article Monetary policy rules for an open economy, Journal of Economic Dynamics and Control, Elsevier (2003) View citations (81) (2003)

Journal Articles

2024

1. House Price Dynamics, Optimal LTV Limits and the Liquidity Trap
   The Review of Economic Studies, 2024, 91, (2), 940-971 View citations (1)
   See also Working Paper House price dynamics, optimal LTV limits and the liquidity trap, Bank of England working papers (2022) View citations (1) (2022)
2. The Brexit Vote, Productivity Growth, and Macroeconomic Adjustments in the U.K
   The Review of Economic Studies, 2024, 91, (4), 2104-2134

2020

3. DSGE-based priors for BVARs and quasi-Bayesian DSGE estimation
   Econometrics and Statistics, 2020, 16, (C), 1-27 View citations (2)
   See also Working Paper DSGE-based priors for BVARs and quasi-Bayesian DSGE estimation, Bank of England working papers (2018) (2018)

2019

4. Uncertain policy promises
   European Economic Review, 2019, 111, (C), 459-474 View citations (21)

2018

5. Threshold-based forward guidance
   Journal of Economic Dynamics and Control, 2018, 90, (C), 138-155 View citations (29)

2015

6. Estimating the effects of forward guidance in rational expectations models
   European Economic Review, 2015, 79, (C), 196-213 View citations (6)
   See also Working Paper Estimating the Effects of Forward Guidance in Rational Expectations Models, Discussion Papers (2014) View citations (1) (2014)

2014

7. PRACTICAL TOOLS FOR POLICY ANALYSIS IN DSGE MODELS WITH MISSING SHOCKS
   Journal of Applied Econometrics, 2014, 29, (7), 1145-1163 View citations (6)

2008

8. On the application and use of DSGE models
   Journal of Economic Dynamics and Control, 2008, 32, (8), 2428-2452 View citations (19)
9. The Danger of Inflating Expectations of Macroeconomic Stability: Heuristic Switching in an Overlapping-Generations Monetary Model
   International Journal of Central Banking, 2008, 4, (2), 219-254 View citations (63)
   See also Working Paper The danger of inflating expectations of macroeconomic stability: heuristic switching in an overlapping generations monetary model, Bank of England working papers (2006) View citations (27) (2006)

2005

10. Forecasting with measurement errors in dynamic models
    International Journal of Forecasting, 2005, 21, (3), 595-607 View citations (13)
    See also Working Paper Forecasting with Measurement Errors in Dynamic Models, Working Papers (2004) View citations (5) (2004)
11. Taking DSGE models to the policy environment
    Proceedings, 2005 View citations (10)

2003

12. Monetary policy rules for an open economy
    Journal of Economic Dynamics and Control, 2003, 27, (11), 2059-2094 View citations (81)
    Also in Proceedings, 2001, (Mar) (2001) View citations (52)
    Journal of Economic Dynamics and Control, 2003, 27, (11-12), 2059-2094 (2003) View citations (101)
    See also Working Paper Monetary policy rules for an open economy, Bank of England working papers (2001) View citations (73) (2001)