Details about Miguel Leon-Ledesma
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Last updated 2022-06-17. Update your information in the RePEc Author Service.
Short-id: ple108
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Working Papers
2022
- Growth Volatility and Trade: Market Diversification vs. Production Specialization
Studies in Economics, School of Economics, University of Kent
- Growth Volatility and Trade: Market Diversification vs. Production Specialization
Monash Economics Working Papers, Monash University, Department of Economics
2020
- The missing link: monetary policy and the labor share
Bank of England working papers, Bank of England View citations (5)
Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2018) View citations (5) Discussion Papers, Centre for Macroeconomics (CFM) (2018)  Studies in Economics, School of Economics, University of Kent (2018) View citations (6) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (11)
See also Journal Article in Journal of the European Economic Association (2021)
2018
- The Rise of Services and Balanced Growth in Theory and Data
2018 Meeting Papers, Society for Economic Dynamics View citations (1)
Also in Discussion Papers, Centre for Macroeconomics (CFM) (2017) View citations (5) LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017) View citations (6)
See also Journal Article in American Economic Journal: Macroeconomics (2020)
2017
- Current account dynamics and the real exchange rate: Disentangling the evidence
University of East Anglia School of Economics Working Paper Series, School of Economics, University of East Anglia, Norwich, UK. View citations (1)
Also in Working Papers, Bank of Greece (2017) View citations (1)
See also Journal Article in Macroeconomic Dynamics (2021)
- Industry Volatility and International Trade
Studies in Economics, School of Economics, University of Kent View citations (1)
- Selecting Primal Innovations in DSGE models
Working Paper Series, Federal Reserve Bank of Chicago View citations (3)
2016
- Appropriate Technology and Balanced Growth
Studies in Economics, School of Economics, University of Kent View citations (4)
See also Journal Article in Review of Economic Studies (2019)
- Appropriate Technology and the Labour Share
Studies in Economics, School of Economics, University of Kent View citations (3)
- Fundamental shock selection in DSGE models
2016 Meeting Papers, Society for Economic Dynamics View citations (4)
Also in Studies in Economics, School of Economics, University of Kent (2015) View citations (9)
- Potential Growth, Misallocation, and Institutional Obstacles: Firm-Level Evidence
ADB Economics Working Paper Series, Asian Development Bank
- Production and Endogenous Bankruptcy under Collateral Constraints
Studies in Economics, School of Economics, University of Kent View citations (2)
- The rise of the service economy and the real return on capital
Studies in Economics, School of Economics, University of Kent View citations (4)
2015
- External constraints and endogenous growth: Why didn't some countries benefit from capital flows?
Post-Print, HAL View citations (2)
Also in Studies in Economics, School of Economics, University of Kent (2013)  Working Papers, HAL (2013)  AMSE Working Papers, Aix-Marseille School of Economics, France (2013) 
See also Journal Article in Journal of International Money and Finance (2015)
- German Wage Moderation and European Imbalances: Feeding the Global VAR with Theory
Studies in Economics, School of Economics, University of Kent View citations (5)
Also in Discussion Papers, Deutsche Bundesbank (2015) View citations (5)
See also Journal Article in Journal of Money, Credit and Banking (2019)
2013
- Shocking Stuff: Technology, Hours, and Factor Substitution
School of Economics Discussion Papers, School of Economics, University of Surrey View citations (3)
Also in Working Paper Series, European Central Bank (2010) View citations (21) EcoMod2010, EcoMod (2010) View citations (5)
See also Journal Article in Journal of the European Economic Association (2014)
- World, Country, and Sector Factors in International Business Cycles
University of East Anglia Applied and Financial Economics Working Paper Series, School of Economics, University of East Anglia, Norwich, UK. View citations (18)
Also in Studies in Economics, School of Economics, University of Kent (2013) View citations (22)
See also Journal Article in Journal of Economic Dynamics and Control (2013)
2012
- A Disaggregate Characterisation of Recessions
Studies in Economics, School of Economics, University of Kent View citations (2)
- Explaining the Skill Premium: Technical Change or Capita-Skill Complements?
EcoMod2012, EcoMod View citations (2)
- Interpreting the Hours-Technology time-varying relationship
Studies in Economics, School of Economics, University of Kent View citations (4)
Also in Working papers, Banque de France (2011) View citations (5)
- Non-Balanced Growth and Production Technology Estimation
Studies in Economics, School of Economics, University of Kent View citations (6)
- The dynamics of hours worked and technology
Working Papers, Banco de España View citations (25)
See also Journal Article in Journal of Economic Dynamics and Control (2017)
2011
- Aggregation, the skill premium, and the two-level production function
Working Paper Series, European Central Bank View citations (2)
- The Choice of CES Production Techniques and Balanced Growth
Studies in Economics, School of Economics, University of Kent View citations (12)
2010
- A Note on Balanced Growth with a less than unitary Elasticity of Substitution
Studies in Economics, School of Economics, University of Kent View citations (4)
- Does the Real Interest Parity Hypothesis Hold? Evidence for Developed and Emerging Markets
EcoMod2003, EcoMod View citations (10)
Also in Studies in Economics, School of Economics, University of Kent (2003) View citations (19)
See also Journal Article in Journal of International Money and Finance (2007)
- In Dubio, pro CES: technical progress specification and the elasticity of substitution
EcoMod2010, EcoMod
- In dubio pro CES - Supply estimation with mis-specified technical change
Working Paper Series, European Central Bank View citations (17)
- Interest Rates and Output in the Long Run
EcoMod2004, EcoMod View citations (1)
Also in Studies in Economics, School of Economics, University of Kent (2004) View citations (3) Working Paper Series, European Central Bank (2005) View citations (8) Money Macro and Finance (MMF) Research Group Conference 2004, Money Macro and Finance Research Group (2004) View citations (3)
- Is low inflation really causing the decline in exchange rate pass-through?
Studies in Economics, School of Economics, University of Kent View citations (2)
- Net Foreign Assets, Productivity and Real Exchange Rates in Constrained Economies
Studies in Economics, School of Economics, University of Kent View citations (2)
Also in Discussion Papers, School of Economics, The University of New South Wales (2008) View citations (4)
See also Journal Article in European Economic Review (2012)
2009
- Efficiency and frontier technology in the aftermath of recessions: international evidence
Studies in Economics, School of Economics, University of Kent View citations (3)
- Identifying the elasticity of substitution with biased technical change
Working Paper Series, European Central Bank View citations (65)
See also Journal Article in American Economic Review (2010)
- International Output Convergence, Breaks, and Asymmetric Adjustment
MPRA Paper, University Library of Munich, Germany View citations (4)
See also Journal Article in Studies in Nonlinear Dynamics & Econometrics (2011)
- On causal Relationships Between Exchange Rates and Fundamentals: Better Than You Think
Studies in Economics, School of Economics, University of Kent View citations (2)
- Smooth Breaks and Nonlinear Mean Reversion: Post-Bretton Woods Real Exchange Rates
MPRA Paper, University Library of Munich, Germany View citations (2)
See also Journal Article in Journal of International Money and Finance (2010)
- Sources of Current Account Fluctuations in Industrialized Countries
Studies in Economics, School of Economics, University of Kent View citations (4)
- The Effect of Oil Price on China's Exports
Post-Print, HAL View citations (22)
See also Journal Article in China Economic Review (2009)
2008
- Can Globalisation Stop the Decline in Commodities' Terms of Trade?
Post-Print, HAL View citations (6)
See also Journal Article in Cambridge Journal of Economics (2008)
- China's Exports and the Oil Price
Studies in Economics, School of Economics, University of Kent View citations (1)
See also Journal Article in China Economic Review (2009)
- Exchange Rate Pass-Through Into Inflation: The Role of Asymmetries and NonLinearities
Studies in Economics, School of Economics, University of Kent View citations (18)
- Testing for Granger (non)-Causality in a Time Varying Coefficient VAR Model
Studies in Economics, School of Economics, University of Kent View citations (7)
See also Journal Article in Journal of Forecasting (2008)
2007
- How is real convergence driving nominal convergence in the new EU Member States?
Working Paper Series, European Central Bank View citations (7)
See also Journal Article in Journal of International Money and Finance (2008)
- Non-linearities and Unit Roots in G7 Macroeconomic Variables
Birkbeck Working Papers in Economics and Finance, Birkbeck, Department of Economics, Mathematics & Statistics View citations (4)
See also Journal Article in The B.E. Journal of Macroeconomics (2008)
2006
- Remittances, Institutions and Economic Growth
IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (100)
See also Journal Article in World Development (2009)
2005
- Can Globalisation Stop the Decline in Commodities' Terms of Trade? The Prebisch-Singer Hypothesis Revisited"
Studies in Economics, School of Economics, University of Kent View citations (1)
See also Journal Article in Cambridge Journal of Economics (2008)
2004
- Current Account Sustainability in the US: What Do We Really Know About It?
Studies in Economics, School of Economics, University of Kent View citations (5)
See also Journal Article in Journal of International Money and Finance (2010)
- Does the World Real Interest Rate Affect the Real Exchange Rate? The South East Asian Experience
Studies in Economics, School of Economics, University of Kent View citations (1)
See also Journal Article in The Journal of International Trade & Economic Development (2006)
2003
- Cultural Heritage and Growth
Studies in Economics, School of Economics, University of Kent
- Unemployment, Hysterisis and Transition
Royal Economic Society Annual Conference 2003, Royal Economic Society View citations (3)
Also in Working Paper Series, European Central Bank (2003) View citations (17)
See also Journal Article in Scottish Journal of Political Economy (2004)
2002
- Exports, Product Differentiation and Knowledge Spillovers
Studies in Economics, School of Economics, University of Kent View citations (3)
See also Journal Article in Open Economies Review (2005)
- Habit Formation, Work Ethics, and Technological Progress
Studies in Economics, School of Economics, University of Kent View citations (1)
See also Journal Article in Manchester School (2004)
2001
- International Migration and the Role of Remittances in Eastern Europe
Studies in Economics, School of Economics, University of Kent View citations (81)
2000
- Cumulative Growth and the Catching-up Debate from a Dis-equilibrium Standpoint
Studies in Economics, School of Economics, University of Kent View citations (2)
See also Chapter (2002)
- R&D Spillovers and Export Performance: Evidence from the OECD Countries
Studies in Economics, School of Economics, University of Kent View citations (4)
- Testing the Balassa-Samuelson Effect: Implications for Growth and PPP
Studies in Economics, School of Economics, University of Kent View citations (7)
See also Journal Article in Journal of Macroeconomics (2003)
- The Intertemporal Substitution Model of Labor Supply in an Open Economy
Studies in Economics, School of Economics, University of Kent View citations (4)
- Unemployment Hysteresis in the US and the EU: a Panel Data Approach
Studies in Economics, School of Economics, University of Kent View citations (9)
1999
- Accumulation, Innovation and Catching-Up: An Extended Cumulative Growth Model
Studies in Economics, School of Economics, University of Kent View citations (2)
See also Journal Article in Cambridge Journal of Economics (2002)
1998
- Economic Growth and Verdoorn's Law in the Spanish Regions, 1962-1991
Studies in Economics, School of Economics, University of Kent View citations (8)
- The Endogeneity of the Natural Rate of Growth
Studies in Economics, School of Economics, University of Kent View citations (19)
See also Journal Article in Cambridge Journal of Economics (2002)
1997
- An Application of Thirlwall's Law to the Spanish Economy
Studies in Economics, School of Economics, University of Kent View citations (2)
See also Journal Article in Journal of Post Keynesian Economics (1999)
Journal Articles
2021
- CURRENT ACCOUNT DYNAMICS AND THE REAL EXCHANGE RATE: DISENTANGLING THE EVIDENCE
Macroeconomic Dynamics, 2021, 25, (1), 28-58 View citations (1)
See also Working Paper (2017)
- INTRODUCTION: SPECIAL ISSUE ON ‘MACROECONOMICS OF CLIMATE CHANGE’
National Institute Economic Review, 2021, 258, 9-11
- Production, bankruptcy, and financial policies under collateral constraints
Mathematical Social Sciences, 2021, 112, (C), 109-119 View citations (1)
- The Missing Link: Monetary Policy and The Labor Share
Journal of the European Economic Association, 2021, 19, (3), 1592-1620 View citations (2)
See also Working Paper (2020)
2020
- The Rise of Services and Balanced Growth in Theory and Data
American Economic Journal: Macroeconomics, 2020, 12, (4), 109-46 View citations (3)
See also Working Paper (2018)
2019
- Appropriate Technology and Balanced Growth
Review of Economic Studies, 2019, 86, (2), 807-835 View citations (15)
See also Working Paper (2016)
- German Wage Moderation and European Imbalances: Feeding the Global VAR with Theory
Journal of Money, Credit and Banking, 2019, 51, (2-3), 617-653 
See also Working Paper (2015)
- Selecting structural innovations in DSGE models
Journal of Applied Econometrics, 2019, 34, (2), 205-220 View citations (8)
2018
- Variable markups and capital-labor substitution
Economics Letters, 2018, 171, (C), 34-36 View citations (1)
2017
- The dynamics of hours worked and technology
Journal of Economic Dynamics and Control, 2017, 82, (C), 67-82 View citations (28)
See also Working Paper (2012)
2016
- Misallocation, Access to Finance, and Public Credit: Firm-Level Evidence
Asian Development Review, 2016, 33, (2), 119-143 View citations (5)
- Reallocation effects of recessions and financial crises: an industry-level analysis
The B.E. Journal of Macroeconomics, 2016, 16, (2), 485-522
- Special Issue on Potential Growth and Misallocation in Asia
Asian Development Review, 2016, 33, (2), iii-vi
2015
- External constraints and endogenous growth: Why didn't some countries benefit from capital flows?
Journal of International Money and Finance, 2015, 56, (C), 223-249 View citations (3)
See also Working Paper (2015)
- Production Technology Estimates and Balanced Growth
Oxford Bulletin of Economics and Statistics, 2015, 77, (1), 40-65 View citations (46)
2014
- EFFICIENCY AND PRODUCTION FRONTIERS IN THE AFTERMATH OF RECESSIONS: INTERNATIONAL EVIDENCE
Macroeconomic Dynamics, 2014, 18, (6), 1326-1350 View citations (6)
- SHOCKING STUFF: TECHNOLOGY, HOURS, AND FACTOR SUBSTITUTION
Journal of the European Economic Association, 2014, 12, (1), 108-128 View citations (39)
See also Working Paper (2013)
2013
- World, country, and sector factors in international business cycles
Journal of Economic Dynamics and Control, 2013, 37, (12), 2913-2927 View citations (23)
See also Working Paper (2013)
2012
- Net foreign assets, productivity and real exchange rates in constrained economies
European Economic Review, 2012, 56, (3), 295-316 View citations (21)
See also Working Paper (2010)
2011
- Does Exchange Rate Pass-Through Respond to Measures of Macroeconomic Instability?
Journal of Applied Economics, 2011, 14, (1), 167-180 View citations (21)
Also in Journal of Applied Economics, 2011, 14, 167-180 (2011) View citations (33)
- International Output Convergence, Breaks, and Asymmetric Adjustment
Studies in Nonlinear Dynamics & Econometrics, 2011, 15, (3), 1-33 View citations (15)
See also Working Paper (2009)
2010
- Current account sustainability in the US: What did we really know about it?
Journal of International Money and Finance, 2010, 29, (3), 442-459 View citations (61)
See also Working Paper (2004)
- Identifying the Elasticity of Substitution with Biased Technical Change
American Economic Review, 2010, 100, (4), 1330-57 View citations (262)
See also Working Paper (2009)
- REVISITING THE REAL WAGES–UNEMPLOYMENT RELATIONSHIP. NEW RESULTS FROM NON‐LINEAR MODELS
Bulletin of Economic Research, 2010, 62, (1), 79-96 View citations (11)
- Smooth breaks and non-linear mean reversion: Post-Bretton Woods real exchange rates
Journal of International Money and Finance, 2010, 29, (6), 1076-1093 View citations (55)
See also Working Paper (2009)
2009
- Fear of Floating in Brazil: Did Inflation Targeting matter?
The North American Journal of Economics and Finance, 2009, 20, (3), 255-266 View citations (21)
- Remittances, Institutions, and Economic Growth
World Development, 2009, 37, (1), 81-92 View citations (130)
See also Working Paper (2006)
- The effect of oil price on China's exports
China Economic Review, 2009, 20, (4), 793-805 View citations (33)
See also Working Paper (2008) Working Paper (2009)
2008
- A Simple Nonlinear Dynamic Model for Unemployment: Explaining the Spanish Case
Discrete Dynamics in Nature and Society, 2008, 2008, 1-11 View citations (1)
- Can globalisation stop the decline in commodities' terms of trade?
Cambridge Journal of Economics, 2008, 32, (5), 683-701 View citations (11)
See also Working Paper (2008) Working Paper (2005)
- How is real convergence driving nominal convergence in the new EU Member States?
Journal of International Money and Finance, 2008, 27, (2), 227-248 View citations (12)
See also Working Paper (2007)
- Non-Linearities and Unit Roots in G7 Macroeconomic Variables
The B.E. Journal of Macroeconomics, 2008, 8, (1), 1-44 View citations (8)
See also Working Paper (2007)
- Testing for Granger (non-)causality in a time-varying coefficient VAR model
Journal of Forecasting, 2008, 27, (4), 293-303 View citations (8)
See also Working Paper (2008)
- Time-series output convergence tests and stationary covariates
Economics Letters, 2008, 101, (3), 297-299 View citations (6)
2007
- A Long-Run Non-Linear Approach to the Fisher Effect
Journal of Money, Credit and Banking, 2007, 39, (2-3), 543-559 View citations (53)
Also in Journal of Money, Credit and Banking, 2007, 39, (2‐3), 543-559 (2007) View citations (4)
- Does the real interest parity hypothesis hold? Evidence for developed and emerging markets
Journal of International Money and Finance, 2007, 26, (3), 364-382 View citations (62)
See also Working Paper (2010)
- Unemployment hysteresis in EU countries: what do we really know about it?
Journal of Economic Studies, 2007, 34, (2), 80-89 View citations (27)
2006
- Does the world real interest rate affect the real exchange rate? The South East Asian experience
The Journal of International Trade & Economic Development, 2006, 15, (4), 441-467 View citations (5)
See also Working Paper (2004)
- Population and income: Is there a puzzle?
Journal of Development Studies, 2006, 42, (6), 909-917 View citations (3)
2005
- Exports, Product Differentiation and Knowledge Spillovers
Open Economies Review, 2005, 16, (4), 363-379 View citations (20)
See also Working Paper (2002)
- Real exchange rate and employment performance in an open economy
Research in Economics, 2005, 59, (1), 67-80 View citations (8)
2004
- Habit formation, work ethics and technological progress
Manchester School, 2004, 72, (3), 403-413 View citations (13)
See also Working Paper (2002)
- UNEMPLOYMENT, HYSTERESIS AND TRANSITION
Scottish Journal of Political Economy, 2004, 51, (3), 377-401 View citations (67)
See also Working Paper (2003)
2003
- Testing the Balassa-Samuelson effect: Implications for growth and the PPP
Journal of Macroeconomics, 2003, 25, (2), 241-253 View citations (39)
See also Working Paper (2000)
2002
- Accumulation, innovation and catching-up: an extended cumulative growth model
Cambridge Journal of Economics, 2002, 26, (2), 201-216 View citations (20)
See also Working Paper (1999)
- Is the natural rate of growth exogenous? A reply
BNL Quarterly Review, 2002, 55, (221), 229-232 
Also in Banca Nazionale del Lavoro Quarterly Review, 2002, 55, (221), 229-232 (2002)
- The endogeneity of the natural rate of growth
Cambridge Journal of Economics, 2002, 26, (4), 441-459 View citations (84)
See also Working Paper (1998)
- Unemployment Hysteresis in the US States and the EU: A Panel Approach
Bulletin of Economic Research, 2002, 54, (2), 95-103 View citations (52)
2000
- Economic Growth and Verdoorn's Law in the Spanish Regions, 1962-91
International Review of Applied Economics, 2000, 14, (1), 55-69 View citations (12)
- Il tasso naturale di crescita e davvero esogeno?
Moneta e Credito, 2000, 53, (211), 263-277
- Is the natural rate of growth exogenous?
BNL Quarterly Review, 2000, 53, (215), 433-445 View citations (15)
Also in Banca Nazionale del Lavoro Quarterly Review, 2000, 53, (215), 433-445 (2000) View citations (19)
See also Chapter (2007)
1999
- An Application of Thirlwall’s Law to the Spanish Economy
Journal of Post Keynesian Economics, 1999, 21, (3), 431-439 View citations (4)
See also Working Paper (1997)
- Verdoorn's Law and increasing returns: an empirical analysis of the Spanish regions
Applied Economics Letters, 1999, 6, (6), 373-376 View citations (4)
Chapters
2010
- The Endogenous Nature of the ‘Natural’ Rate of Growth
Chapter 10 in Handbook of Alternative Theories of Economic Growth, 2010 View citations (12)
2009
- The Link between Real and Nominal Convergence: The Case of the New EU Member States
Palgrave Macmillan View citations (1)
2007
- Is the Natural Rate of Growth Exogenous?
Chapter 4 in Economic Growth, 2007 View citations (2)
See also Journal Article in BNL Quarterly Review (2000)
2006
- Cycles, Aggregate Demand, and Growth
Chapter 5 in Growth and Economic Development, 2006
2002
- Cumulative Growth and the Catching-Up Debate From a Disequilibrium Standpoint
Palgrave Macmillan
See also Working Paper (2000)
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