Details about Paul Levine

E-mail:
Homepage:	http://www.econ.surrey.ac.uk/people/plevine/
Postal address:	School of Economics University of Surrey Guildford GU2 7XH UK
Workplace:	School of Economics, University of Surrey, (more information at EDIRC)

Access statistics for papers by Paul Levine.

Last updated 2023-08-12. Update your information in the RePEc Author Service.

Short-id: ple338

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Working Papers

2023

1. Negotiating the Wilderness of Bounded Rationality through Robust Policy
   School of Economics Discussion Papers, School of Economics, University of Surrey

2022

2. The Use and Mis-Use of SVARs for Validating DSGE Models
   School of Economics Discussion Papers, School of Economics, University of Surrey

2021

3. Hysteresis in the New Keynesian three equation model
   School of Economics Discussion Papers, School of Economics, University of Surrey
4. Imperfect Exchange Rate Pass-through: Empirical Evidence and Monetary Policy Implications
   School of Economics Discussion Papers, School of Economics, University of Surrey View citations (1)
5. Is Price Level Targeting a Robust Monetary Rule?
   Discussion Papers, University of Exeter, Department of Economics
   Also in Discussion Papers, Department of Economics, University of Birmingham (2020)
6. Limited Asset Market Participation and Monetary Policy in a Small Open Economy
   School of Economics Discussion Papers, School of Economics, University of Surrey
7. Optimal Lockdown in an Epidemiological-Macroeconomic Model
   School of Economics Discussion Papers, School of Economics, University of Surrey

2020

8. DSGE Models under Imperfect Information: A Dynare-based Toolkit
   School of Economics Discussion Papers, School of Economics, University of Surrey View citations (3)
9. Mandates and Monetary Rules a New Keynesian Framework
   School of Economics Discussion Papers, School of Economics, University of Surrey View citations (1)
10. Monetary Growth Rules in an Emerging Open Economy
    School of Economics Discussion Papers, School of Economics, University of Surrey

2019

11. Behavioural New Keynesian Models
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (19)
    See also Journal Article in Journal of Macroeconomics (2019)
12. Designing Robust Monetary Policy Using Prediction Pools
    Working Papers, Department of Economics, City University London
    Also in School of Economics Discussion Papers, School of Economics, University of Surrey (2019)
13. Information, VARs and DSGE Models
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (1)
14. The State of DSGE Modelling
    School of Economics Discussion Papers, School of Economics, University of Surrey

2018

15. Credit crunches from occasionally binding bank borrowing constraints
    Discussion Papers, Deutsche Bundesbank
    Also in Staff Working Papers, Bank of Canada (2017) View citations (3)
    EconStor Preprints, ZBW - Leibniz Information Centre for Economics (2017) View citations (5)
    See also Journal Article in Journal of Money, Credit and Banking (2020)
16. Learning, Heterogeneity, and Complexity in the New Keynesian Model
    Working Papers, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol View citations (1)
    See also Journal Article in Journal of Economic Behavior & Organization (2019)
17. Reconciling Jaimovich-Rebelo Preferences, Habit in Consumption and Labor Supply
    Staff Working Papers, Bank of Canada View citations (2)
    Also in School of Economics Discussion Papers, School of Economics, University of Surrey (2017) View citations (1)
    See also Journal Article in Economics Letters (2018)

2017

18. Internal Rationality, Heterogeneity, and Complexity in the New Keynesian Model
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (2)
19. Internal Rationality, Learning and Imperfect Information
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (11)
20. Internal rationalityuyuyuy, heterogeneity and complexity in the New Keynesian model
    Working Papers, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol
21. Optimal Fiscal and Monetary Policy, Debt Crisis and Management
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (13)
    Also in IMF Working Papers, International Monetary Fund (2017) View citations (11)
    See also Journal Article in Macroeconomic Dynamics (2019)

2016

22. Agent-based Macroeconomics and Dynamic Stochastic General Equilibrium Models: Where do we go from here?
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (17)
    See also Journal Article in Journal of Economic Surveys (2018)
23. Non-renewable resources, fiscal rules, and human capital
    Policy Research Working Paper Series, The World Bank

2015

24. Military Aid, Direct Intervention and Counterterrorism
    School of Economics Discussion Papers, School of Economics, University of Surrey
    Also in Studies in Economics, School of Economics, University of Kent (2015)
    See also Journal Article in European Journal of Political Economy (2016)
25. Policy mandates for macro-prudential and monetary policies in a new Keynesian framework
    Working Paper Series, European Central Bank View citations (20)

2014

26. CES Technology and Business Cycle Fluctuations
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (16)
    See also Journal Article in Journal of Economic Dynamics and Control (2015)
27. Deep versus superficial habit: It’s all in the persistence
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (9)

2013

28. A Fiscal Stimulus and Jobless Recovery
    IMF Working Papers, International Monetary Fund View citations (6)
    Also in School of Economics Discussion Papers, School of Economics, University of Surrey (2011) View citations (6)
    See also Journal Article in Scandinavian Journal of Economics (2014)
29. Coalition Formation in a Legislative Voting Game
    Working Papers, Department of Economics, City University London View citations (2)
30. Imperfection Information, Optimal Monetary Policy and Informational Consistency
    Working Papers, Department of Economics, City University London
31. On Habit and the Socially Efficient Level of Consumption and Work Effort
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (4)
32. Optimal Fiscal and Monetary Rules in Normal and Abnormal Times
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (14)

2012

33. A Fiscal Stimulus with Deep Habits and Optimal Monetary Policy
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (11)
    See also Journal Article in Economics Letters (2012)
34. Imperfect Information, Optimal Monetary Policy and Informational Consistency
    School of Economics Discussion Papers, School of Economics, University of Surrey

2011

35. An Estimated DSGE Model of the Indian Economy
    Working Papers, National Institute of Public Finance and Policy View citations (20)
    Also in NIPE Working Papers, NIPE - Universidade do Minho (2010) View citations (38)
    School of Economics Discussion Papers, School of Economics, University of Surrey (2010) View citations (22)
36. Computation of LQ Approximations to Optimal Policy Problems in Different Information Settings under Zero Lower Bound Constraints
    Dynare Working Papers, CEPREMAP View citations (5)
37. Delegation to Independent Regulators and the Ratchet Effect
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (4)
38. Getting Normalization Right: Dealing with 'Dimensional Constants' in Macroeconomics
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (5)
    Also in Dynare Working Papers, CEPREMAP (2011) View citations (1)
    See also Journal Article in Journal of Economic Dynamics and Control (2012)
39. Informal Labour and Credit Markets: A Survey
    Working Papers, National Institute of Public Finance and Policy View citations (3)
    Also in School of Economics Discussion Papers, School of Economics, University of Surrey (2009) View citations (26)
    IMF Working Papers, International Monetary Fund (2010) View citations (28)
40. Informality, Frictions and Monetary Policy
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (10)
41. Monetary and Fiscal Policy in a DSGE Model of India
    Working Papers, National Institute of Public Finance and Policy View citations (3)
42. Monetary and Fiscal Policy in the Presence of Informal Labour Markets
    Working Papers, National Institute of Public Finance and Policy View citations (6)
43. The Costs and Benefits of Informality
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (11)

2010

44. A Floating versus Managed Exchange Rate Regime in a DSGE Model of India
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (17)
    Also in Working Papers, National Institute of Public Finance and Policy (2010) View citations (12)
    NIPE Working Papers, NIPE - Universidade do Minho (2010) View citations (15)
    Macroeconomics Working Papers, East Asian Bureau of Economic Research (2010) View citations (11)
45. Endogenous Persistence in an Estimated DSGE Model under Imperfect Information
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (16)
    See also Journal Article in Economic Journal (2012)
46. Migration, Skill Composition and Growth
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (2)
    See also Journal Article in National Institute Economic Review (2010)
47. Military Expenditure and Economic Growth: A Meta-Analysis
    MPRA Paper, University Library of Munich, Germany View citations (6)
    See also Journal Article in European Journal of Political Economy (2012)
48. Monetary Policy in an Uncertain World: Probability Models and the Design of Robust Monetary Rules
    School of Economics Discussion Papers, School of Economics, University of Surrey
    Also in Macroeconomics Working Papers, East Asian Bureau of Economic Research (2010)
    Working Papers, National Institute of Public Finance and Policy (2010) View citations (1)
    Working Papers, eSocialSciences (2010) View citations (1)
    See also Journal Article in Indian Growth and Development Review (2012)

2009

49. Conflict, Growth and Welfare: Can Increasing Property Rights Really be Counterproductive?
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (1)
50. Military Expenditure and Economic Growth Literature: A Meta-Analysis
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (1)
51. Monetary and Fiscal Rules in an Emerging Small Open Economy
    IMF Working Papers, International Monetary Fund View citations (24)
    Also in CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis (2008) View citations (18)

2008

52. Happiness Inertia: Analytical Aspects of the Easterlin Paradox
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (1)
53. How forward-looking is the Fed? Direct estimates from a `Calvo-type' rule
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (2)
    Also in NIPE Working Papers, NIPE - Universidade do Minho (2008) View citations (2)
    See also Journal Article in Economics Letters (2009)
54. On the (ir)relevance of direct supply-side effects of monetary policy
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (6)
55. Optimal Exchange Rate Stabilization in a Dollarized Economy with Inflation Targets
    Working Papers, Banco Central de Reserva del Perú View citations (1)
    Also in Computing in Economics and Finance 2006, Society for Computational Economics (2006) View citations (10)
56. Risk Management in Action. Robust monetary policy rules under structured uncertainty
    Working Paper Series, European Central Bank View citations (9)
57. Robust Inflation-Targeting Rules and the Gains from International Policy Coordination
    School of Economics Discussion Papers, School of Economics, University of Surrey
58. Robust monetary rules under unstructured and structured model uncertainty
    Working Paper Series, European Central Bank View citations (6)
    Also in School of Economics Discussion Papers, School of Economics, University of Surrey (2007) View citations (3)

2007

59. Anglo-Dutch, Split-Award Spectrum Auctions with a Downstream Market
    School of Economics Discussion Papers, School of Economics, University of Surrey
60. Channel Trading and Imperfect Competition: Good Trades and Bad Trades
    School of Economics Discussion Papers, School of Economics, University of Surrey
61. Estimating DSGE Models under Partial Information
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (14)
62. Fiscal Policy in a Monetary Union: Can Fiscal Cooperation be Counterproductive?
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (2)
63. Growth and Welfare Effects of East-West European Migration
    School of Economics Discussion Papers, School of Economics, University of Surrey
64. Linear-quadratic approximation, external habit and targeting rules
    Working Paper Series, European Central Bank View citations (20)
    See also Journal Article in Journal of Economic Dynamics and Control (2008)
65. Monetary Policy Coordination Revisited in a Two-Bloc DSGE Model
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (2)
66. Monetary Rules in Emerging Economies with Financial Market Imperfections
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (43)
    See also Chapter (2007)
67. Optimal Administered Incentive Pricing of Spectrum
    School of Economics Discussion Papers, School of Economics, University of Surrey
68. Quantifying and sustaining welfare gains from monetary commitment
    Working Paper Series, European Central Bank View citations (18)
    See also Journal Article in Journal of Monetary Economics (2008)
69. Spectrum Property Rights Versus a Commons Model: Exploitation of Mesh Networks
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (1)
70. The Credibility Problem Revisited: Thirty Years on from Kydland and Prescott
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (3)
    See also Journal Article in Review of International Economics (2008)

2006

71. Central Bank Independence and the `Free Lunch Puzzle': A New Perspective
    School of Economics Discussion Papers, School of Economics, University of Surrey
72. Inflation forecast-based-rules and indeterminacy: a puzzle and a resolution
    Working Paper Series, European Central Bank View citations (10)
    See also Journal Article in International Journal of Central Banking (2007)
73. Labour Market and Investment Effects of Remittances
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (9)
74. Linear-Quadratic Approximation, Efficiency and Target-Implementability
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (18)
75. Lobbies, Delegation and the Under-investment Problem in Regulation
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (8)
    See also Journal Article in International Journal of Industrial Organization (2008)
76. Price Regulation and the Commitment Problem: Can Limited Capture be Beneficial?
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (1)
77. Public Debt Maturity and Currency Crises
    School of Economics Discussion Papers, School of Economics, University of Surrey
    See also Journal Article in Scottish Journal of Political Economy (2008)
78. Robust Estimates of the New Keynesian Phillips Curve
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (4)
79. The 24/7 Society and Multiple Habits
    School of Economics Discussion Papers, School of Economics, University of Surrey
80. Welfare Gains from Monetary Commitment in a Model of the Euro-Area
    Computing in Economics and Finance 2006, Society for Computational Economics

2005

81. A Note on: Jury Size and the Free Rider Problem
    School of Economics Discussion Papers, School of Economics, University of Surrey
    See also Journal Article in Economics Bulletin (2006)
82. Military Procurement, Industry Structure and Regional Conflict
    Studies in Economics, School of Economics, University of Kent View citations (4)
83. Optimal Sliding Scale Regulation: An Application to Regional Electricity Distribution in England and Wales
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in Surrey Energy Economics Centre (SEEC), School of Economics Discussion Papers (SEEDS), Surrey Energy Economics Centre (SEEC), School of Economics, University of Surrey (2005)
    See also Journal Article in Oxford Economic Papers (2007)
84. Strategic Procurement, Openness and Market Structure
    Studies in Economics, School of Economics, University of Kent View citations (2)
    Also in School of Economics Discussion Papers, School of Economics, University of Surrey (2004) View citations (1)
    See also Journal Article in International Journal of Industrial Organization (2008)
85. Taste for Variety and Optimum Product Diversity in an Open Economy
    Studies in Economics, School of Economics, University of Kent View citations (1)
    See also Journal Article in Bulletin of Economic Research (2009)

2004

86. Can Risk Aversion in Firms Reduce Unemployment Persistence?
    School of Economics Discussion Papers, School of Economics, University of Surrey
87. Export Credit Gurantees, Moral Hazard and Exports Quality
    Studies in Economics, School of Economics, University of Kent View citations (2)
    See also Journal Article in Bulletin of Economic Research (2004)
88. Indeterminacy with Inflation-Forecast-Based Rules in a Two-Bloc Model
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (35)
    Also in Working Paper Series, European Central Bank (2004) View citations (24)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2004) View citations (20)
    See also Journal Article in Proceedings (2003)
89. Robust Control Rules to Shield Against Indeterminacy
    Computing in Economics and Finance 2004, Society for Computational Economics View citations (1)
90. Robust Inflation-Forecast-Based Rules to Shield against Indeterminacy
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (11)
    See also Journal Article in Journal of Economic Dynamics and Control (2006)

2003

91. Arms Export Controls, Subsidies and the WTO Exemption
    Studies in Economics, School of Economics, University of Kent
    See also Journal Article in Scottish Journal of Political Economy (2005)
92. Concentration in the International Arms Industry¤
    Working Papers, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol View citations (6)
93. Forward-Looking Rules in a 2-country Context
    Computing in Economics and Finance 2003, Society for Computational Economics
94. Independent Utility Regulators: Lessons from Monetary Policy
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (8)
95. Price Regulation, Investment and the Commitment Problem
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (4)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (8)
96. Self-Stabilizing Firms and Unemployment Persistence
    School of Economics Discussion Papers, School of Economics, University of Surrey
97. The Economic Impact of Migration: A Survey
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (28)
98. The Immigration Surplus Revisited in a General Equilibrium Model with Endogenous Growth
    School of Economics Discussion Papers, School of Economics, University of Surrey View citations (9)
    See also Journal Article in Journal of Regional Science (2007)

2002

99. Market Entry and Roll-out With Product Differentiation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Royal Economic Society Annual Conference 2002, Royal Economic Society (2002)
100. The Economic Effects of Spectrum Trading
     Royal Economic Society Annual Conference 2002, Royal Economic Society View citations (2)

1999

101. Delegation and the Ratchet Effect: Should Regulators Be Pro-Industry?
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
102. Winners and Losers in a North-South Model of Growth, Innovation and Product Cycles
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
     See also Journal Article in Journal of Development Economics (2001)

1998

103. Monetary Union: The Ins and Outs of Strategic Delegation
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
     See also Journal Article in Manchester School (2001)

1997

104. Dynamic Aspect of Growth and Fiscal Policy
     School of Economics Discussion Papers, School of Economics, University of Surrey
105. The Welfare Economics of Rural to Urban Migration: The Harris-Todaro Model Revisited
     School of Economics Discussion Papers, School of Economics, University of Surrey View citations (12)

1996

106. Independent but Accountable: Walsh Contracts and the Credibility Problem
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
107. Phases of Imitation and Innovation in a North-South Endogenous Growth Model
     School of Economics Discussion Papers, School of Economics, University of Surrey View citations (14)
     Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (20)
     See also Journal Article in Oxford Economic Papers (1999)

1995

108. Can Delegation be Counterproductive? The Choice of 'Conservative' Bankers in Open Economies
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)

1994

109. Fiscal and Monetary Policy in a Monetary Union: Credible Inflation Targets or Monetised Debt?
     School of Economics Discussion Papers, School of Economics, University of Surrey View citations (16)
     See also Journal Article in Review of World Economics (Weltwirtschaftliches Archiv) (1996)
110. Growth, Debt and Public Infrastructure
     School of Economics Discussion Papers, School of Economics, University of Surrey View citations (1)
     See also Journal Article in Economic Change and Restructuring (1995)
111. Labour Market Structure, Conservative Bankers and the Feasibility of Monetary Union
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)

1993

112. Migration Theory and Evidence: An Assessment
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
113. Optimal Tax Policy, Government Myopia and Insolvency
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
114. The Economics of the International Arms Trade
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)

1992

115. Fiscal Policy Coordination and EMU: A Dynamic Game Approach
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
     See also Journal Article in Journal of Economic Dynamics and Control (1994)
116. Fiscal and Monetary Policy Under EMU: Credible Inflation Targets or Unpleasant Monetary Arithmetic?
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (24)
117. Monetary Policy and Reputational Equilibria: A Resolution of the Non-Uniqueness Problem
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
118. The Adjustment Towards National Solvency in Developing Countries: An Application to India
     CEPR Discussion Papers, C.E.P.R. Discussion Papers
     See also Journal Article in Journal of International Development (1994)

1991

119. Should Rules be Simple?
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
     See also Journal Article in Economic Change and Restructuring (1992)

1990

120. Credibility, Ambiguity and Asymmetric Information with Wage/Price Stickiness
     CEPR Discussion Papers, C.E.P.R. Discussion Papers
121. European Monetary Union or Hard EMS?
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
     See also Journal Article in European Economic Review (1992)

1988

122. Does Time Inconsistency Matter?
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
123. Macroeconomic Policy Design Using Large Rational Expectations Models: Methodology and Applications
     CEPR Discussion Papers, C.E.P.R. Discussion Papers

1987

124. International Cooperation & Reputation in an Empirical Two-Block Model
     Working Papers, Queen Mary University of London, School of Economics and Finance
125. International Cooperation and Reputation in an Empirical Two-Bloc Model
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)
     See also Chapter (1987)

1986

126. Credibility and Time Inconsistency in a Stochastic World
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
127. The Sustainability of Optimal Cooperative Macroeconomic Policies in a Two-Country World
     CEPR Discussion Papers, C.E.P.R. Discussion Papers

1985

128. Credibility with Time Inconsistency in a Stochastic World
     Working Papers, Queen Mary University of London, School of Economics and Finance

1984

129. An Evaluation of Alternative Indicator Regimes for Monetary Policy
     CEPR Discussion Papers, C.E.P.R. Discussion Papers
     Also in Working Papers, Queen Mary University of London, School of Economics and Finance (1984)
130. Exchange Rate & Price Level Volatility Under Partial Information
     Working Papers, Queen Mary University of London, School of Economics and Finance
131. Macroeconomic Policy Design in an Interdependent World
     Working Papers, Queen Mary University of London, School of Economics and Finance View citations (14)
     See also Chapter (1985)
132. Rational Expectations Models with Partial Information
     Working Papers, Queen Mary University of London, School of Economics and Finance
     See also Journal Article in Economic Modelling (1986)
133. Simple Macropolicy Rules for the Open Economy
     Working Papers, Queen Mary University of London, School of Economics and Finance View citations (1)
     See also Journal Article in Economic Journal (1985)
134. The Design of Feedback Rules in Linear Stochastic Rational Expectations Models
     Working Papers, Queen Mary University of London, School of Economics and Finance View citations (2)
     See also Journal Article in Journal of Economic Dynamics and Control (1987)

1983

135. Optimal Feedback Rules in an Open Economy Macromodel with Rational Expectations
     Working Papers, Queen Mary University of London, School of Economics and Finance View citations (1)
     See also Journal Article in European Economic Review (1985)

1982

136. A Solution Technique for Discrete and Continuous Time Stochastic Dynamic Models under Rational Expectations with Full & Partial Information Sets
     Working Papers, Queen Mary University of London, School of Economics and Finance View citations (3)
137. Stochastic Macroeconomic Policy Simulations for a Small Open Economy
     Working Papers, Queen Mary University of London, School of Economics and Finance View citations (2)
138. The Stability of the Cournot Oligopoly Model: Reassessment
     Working Papers, Queen Mary University of London, School of Economics and Finance
     See also Journal Article in Journal of Economic Theory (1985)

Undated

139. Can Political Monetary Cycles be Avoided?
     Discussion Papers in European Economics, Division of Economics, School of Business, University of Leicester
     See also Journal Article in Journal of Monetary Economics (1998)
140. Central Bank Independence: Gain Without Pain?
     Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester
     Also in Discussion Papers in European Economics, Division of Economics, School of Business, University of Leicester

Journal Articles

2023

1. Partial dollarization and financial frictions in emerging economies
   Review of International Economics, 2023, 31, (2), 609-651

2020

2. Credit Crunches from Occasionally Binding Bank Borrowing Constraints
   Journal of Money, Credit and Banking, 2020, 52, (2-3), 549-582 View citations (6)
   See also Working Paper (2018)

2019

3. Behavioural New Keynesian models
   Journal of Macroeconomics, 2019, 59, (C), 59-77 View citations (19)
   See also Working Paper (2019)
4. Learning, heterogeneity, and complexity in the New Keynesian model
   Journal of Economic Behavior & Organization, 2019, 166, (C), 446-470 View citations (2)
   See also Working Paper (2018)
5. OPTIMAL FISCAL AND MONETARY POLICY, DEBT CRISIS, AND MANAGEMENT
   Macroeconomic Dynamics, 2019, 23, (3), 1166-1204 View citations (5)
   See also Working Paper (2017)

2018

6. AGENT‐BASED MACROECONOMICS AND DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODELS: WHERE DO WE GO FROM HERE?
   Journal of Economic Surveys, 2018, 32, (4), 1134-1159 View citations (15)
   See also Working Paper (2016)
7. Reconciling Jaimovich–Rebello preferences, habit in consumption and labor supply
   Economics Letters, 2018, 168, (C), 132-137 View citations (2)
   See also Working Paper (2018)

2016

8. Military aid, direct intervention and counterterrorism
   European Journal of Political Economy, 2016, 44, (C), 112-135 View citations (5)
   See also Working Paper (2015)

2015

9. CES technology and business cycle fluctuations
   Journal of Economic Dynamics and Control, 2015, 61, (C), 133-151 View citations (24)
   See also Working Paper (2014)

2014

10. A Fiscal Stimulus and Jobless Recovery
    Scandinavian Journal of Economics, 2014, 116, (3), 669-701 View citations (14)
    See also Working Paper (2013)

2012

11. A fiscal stimulus with deep habits and optimal monetary policy
    Economics Letters, 2012, 117, (1), 348-353 View citations (8)
    See also Working Paper (2012)
12. Endogenous Persistence in an estimated DSGE Model Under Imperfect Information
    Economic Journal, 2012, 122, (565), 1287-1312 View citations (36)
    See also Working Paper (2010)
13. Getting normalization right: Dealing with ‘dimensional constants’ in macroeconomics
    Journal of Economic Dynamics and Control, 2012, 36, (12), 1931-1949 View citations (39)
    See also Working Paper (2011)
14. Military expenditure and economic growth: A meta-analysis
    European Journal of Political Economy, 2012, 28, (4), 636-650 View citations (109)
    See also Working Paper (2010)
15. Monetary policy in an uncertain world: probability models and the design of robust monetary rules
    Indian Growth and Development Review, 2012, 5, (1), 70-88 View citations (18)
    See also Working Paper (2010)
16. Probability models and robust policy rules
    European Economic Review, 2012, 56, (2), 246-262 View citations (18)
17. The happiness puzzle: analytical aspects of the Easterlin paradox
    Oxford Economic Papers, 2012, 64, (1), 27-42 View citations (12)

2011

18. A decade of dissent: explaining the dissent voting behavior of Bank of England MPC members
    Public Choice, 2011, 146, (3), 413-442 View citations (67)

2010

19. GROWTH AND WELFARE EFFECTS OF WORLD MIGRATION
    Scottish Journal of Political Economy, 2010, 57, (5), 615-643 View citations (7)
20. MIGRATION, SKILL COMPOSITION AND GROWTH
    National Institute Economic Review, 2010, 213, (1), R5-R19 View citations (3)
    Also in National Institute Economic Review, 2010, 213, R5-R19 (2010)
    See also Working Paper (2010)
21. Risk-averse firms and employment dynamics
    Oxford Economic Papers, 2010, 62, (3), 578-602 View citations (9)
22. Robust monetary rules under unstructured model uncertainty
    Journal of Economic Dynamics and Control, 2010, 34, (3), 456-471 View citations (10)

2009

23. Estabilización óptima del tipo de cambio en una economía dolarizada con meta inflacionaria
    Revista Estudios Económicos, 2009, (16), 37-82 View citations (2)
24. How forward-looking is the Fed? Direct estimates from a 'Calvo-type' rule
    Economics Letters, 2009, 104, (2), 92-95 View citations (7)
    See also Working Paper (2008)
25. TASTE FOR VARIETY AND OPTIMUM PRODUCT DIVERSITY IN AN OPEN ECONOMY
    Bulletin of Economic Research, 2009, 61, (2), 127-138
    See also Working Paper (2005)

2008

26. Linear-quadratic approximation, external habit and targeting rules
    Journal of Economic Dynamics and Control, 2008, 32, (10), 3315-3349 View citations (30)
    See also Working Paper (2007)
27. Lobbies, delegation and the under-investment problem in regulation
    International Journal of Industrial Organization, 2008, 26, (1), 17-40 View citations (25)
    See also Working Paper (2006)
28. PUBLIC DEBT MATURITY AND CURRENCY CRISES
    Scottish Journal of Political Economy, 2008, 55, (1), 79-106 View citations (1)
    See also Working Paper (2006)
29. Quantifying and sustaining welfare gains from monetary commitment
    Journal of Monetary Economics, 2008, 55, (7), 1253-1276 View citations (75)
    See also Working Paper (2007)
30. Strategic procurement, openness and market structure
    International Journal of Industrial Organization, 2008, 26, (5), 1180-1190
    See also Working Paper (2005)
31. The Credibility Problem Revisited: Thirty Years on from Kydland and Prescott*
    Review of International Economics, 2008, 16, (4), 728-746 View citations (3)
    See also Working Paper (2007)

2007

32. DETERMINING THE DEFENCE INDUSTRIAL BASE
    Defence and Peace Economics, 2007, 18, (3), 199-221 View citations (10)
33. Inflation-Forecast-Based Rules and Indeterminacy: A Puzzle and a Resolution
    International Journal of Central Banking, 2007, 3, (4), 77-110 View citations (17)
    See also Working Paper (2006)
34. MILITARY EXPENDITURE AND MIGRATION IN EUROPE
    Defence and Peace Economics, 2007, 18, (4), 305-316
35. Optimal sliding scale regulation: an application to regional electricity distribution in England and Wales
    Oxford Economic Papers, 2007, 59, (3), 458-485 View citations (5)
    See also Working Paper (2005)
36. THE IMMIGRATION SURPLUS REVISITED IN A GENERAL EQUILIBRIUM MODEL WITH ENDOGENOUS GROWTH*
    Journal of Regional Science, 2007, 47, (3), 569-601 View citations (19)
    See also Working Paper (2003)

2006

37. A note on: jury size and the free rider problem
    Economics Bulletin, 2006, 4, (3), 1-12
    See also Working Paper (2005)
38. Idle worship
    Economics Letters, 2006, 90, (1), 77-83 View citations (21)
39. Managing asymmetric conflict
    Oxford Economic Papers, 2006, 58, (2), 183-208 View citations (8)
40. Robust inflation-forecast-based rules to shield against indeterminacy
    Journal of Economic Dynamics and Control, 2006, 30, (9-10), 1491-1526 View citations (38)
    See also Working Paper (2004)

2005

41. ARMS EXPORT CONTROLS, SUBSIDIES AND THE WTO EXEMPTION
    Scottish Journal of Political Economy, 2005, 52, (2), 305-322
    See also Working Paper (2003)
42. Utility price regulation and time inconsistency: comparisons with monetary policy
    Oxford Economic Papers, 2005, 57, (3), 447-478 View citations (34)

2004

43. Export Credit Guarantees, Moral Hazard and Exports Quality
    Bulletin of Economic Research, 2004, 56, (4), 311-327 View citations (7)
    See also Working Paper (2004)

2003

44. Indeterminacy with inflation-forecast-cased rules in a two-bloc model
    Proceedings, 2003 View citations (1)
    See also Working Paper (2004)
45. MIGRATION AND CAPITAL ACCUMULATION IN A LABOUR-SURPLUS ECONOMY
    European Research Studies Journal, 2003, VI, (3-4), 221-236

2002

46. Delegation and Fiscal Policy in the Open Economy: More Bad News for Rogoff's Delegation Game
    Open Economies Review, 2002, 13, (2), 153-174 View citations (3)
47. North–South Models of Growth and Trade
    Journal of Economic Surveys, 2002, 16, (2), 123-165 View citations (16)

2001

48. Does Precommitment Raise Growth? The Dynamics of Growth and Fiscal Policy
    Scandinavian Journal of Economics, 2001, 103, (2), 295-316 View citations (2)
49. Monetary Union: The Ins and Outs of Strategic Delegation
    Manchester School, 2001, 69, (3), 285-309 View citations (2)
    See also Working Paper (1998)
50. Public Debt and Inflation: the Role of Inflation‐Sensitive Instruments
    Manchester School, 2001, 69, (s1), 1-21 View citations (5)
51. Winners and losers in a North-South model of growth, innovation and product cycles
    Journal of Development Economics, 2001, 65, (2), 333-365 View citations (14)
    See also Working Paper (1999)

2000

52. Arms Export Controls and Proliferation
    Journal of Conflict Resolution, 2000, 44, (6), 885-895 View citations (15)
53. Arms export controls and emerging domestic producers
    Defence and Peace Economics, 2000, 11, (3), 505-531 View citations (7)
54. Editorial Introduction: Arms Exports, Controls and Production
    Defence and Peace Economics, 2000, 11, (3), 443-444
55. The Arms Trade Game: From Laissez-Faire to a Common Defence Policy
    Oxford Economic Papers, 2000, 52, (2), 357-80 View citations (8)

1999

56. Kredibilita a reputace měnové politiky
    (Credibility and reputation of monetary policy)
    Politická ekonomie, 1999, 1999, (1)
57. Phases of Imitation and Innovation in a North-South Endogenous Growth Model
    Oxford Economic Papers, 1999, 51, (1), 60-88 View citations (29)
    See also Working Paper (1996)
58. The welfare economics of immigration control
    Journal of Population Economics, 1999, 12, (1), 23-43 View citations (28)

1998

59. Can political monetary cycles be avoided?
    Journal of Monetary Economics, 1998, 42, (3), 525-545 View citations (7)
    See also Working Paper
60. Prices and quantities in the arms trade
    Defence and Peace Economics, 1998, 9, (3), 223-236 View citations (4)

1997

61. The arms trade
    Economic Policy, 1997, 12, (25), 336-370 View citations (28)
62. The arms trade and the stability of regional arms races
    Journal of Economic Dynamics and Control, 1997, 21, (2-3), 631-654 View citations (13)

1996

63. Fiscal and monetary policy in a monetary union: Credible inflation targets or monetized debt?
    Review of World Economics (Weltwirtschaftliches Archiv), 1996, 132, (1), 28-54 View citations (8)
    See also Working Paper (1994)
64. Migration Theories and Evidence: An Assessment
    Journal of Economic Surveys, 1996, 10, (2), 159-98 View citations (130)
65. The Choice of 'Conservative' Bankers in Open Economies: Monetary Regime Options for Europe
    Economic Journal, 1996, 106, (435), 345-58 View citations (9)

1995

66. Growth, Debt and Public Infrastructure
    Economic Change and Restructuring, 1995, 28, (2-3), 119-46 View citations (3)
    See also Working Paper (1994)
67. Simple Rules, Robustness and Alternative Assignments for G3 Policy Cooperation
    The World Economy, 1995, 18, (1), 137-159
68. The Arms Trade and Arms Control
    Economic Journal, 1995, 105, (429), 471-84 View citations (26)

1994

69. Can reputation resolve the monetary policy credibility problem?
    Journal of Monetary Economics, 1994, 33, (2), 355-380 View citations (22)
70. Credibility, Ambiguity and Asymmetric Information with Wage Stickiness
    The Manchester School of Economic & Social Studies, 1994, 62, (1), 21-39 View citations (1)
71. Fiscal policy coordination and EMU: A dynamic game approach
    Journal of Economic Dynamics and Control, 1994, 18, (3-4), 699-729 View citations (57)
    See also Working Paper (1992)
72. Robust rules for G3 macroeconomic policy coordination
    Economic Modelling, 1994, 11, (1), 87-104 View citations (1)
73. The adjustment towards national solvency in developing countries: An application to india
    Journal of International Development, 1994, 6, (4), 399-414
    See also Working Paper (1992)

1993

74. Fiscal Policy Co-ordination under EMU and the Choice of Monetary Instrument
    The Manchester School of Economic & Social Studies, 1993, 61, 1-12 View citations (25)
75. The Design of Economic Policy under Model Uncertainty
    Computational Economics, 1993, 6, (3-4), 219-40 View citations (8)

1992

76. European monetary union or hard EMS?
    European Economic Review, 1992, 36, (6), 1185-1204 View citations (7)
    See also Working Paper (1990)
77. Should Rules Be Simple?
    Economic Change and Restructuring, 1992, 25, (2), 113-38 View citations (5)
    See also Working Paper (1991)

1991

78. Macroeconomic Policy Using Large Econometric Rational Expectations Models: Methodology and Application
    Oxford Economic Papers, 1991, 43, (1), 25-58 View citations (1)
79. Partial Information and Volatility in a Two-Bloc World
    Economic Change and Restructuring, 1991, 24, (1), 13-26

1989

80. The London Business School econometric model: Some recent developments
    Economic Modelling, 1989, 6, (3), 243-351 View citations (3)

1988

81. The gains from optimal control in a small econometric model of the UK
    Journal of Economic Dynamics and Control, 1988, 12, (1), 13-18
82. Unemployment, Vacancies and the Long-term Unemployed
    Economic Journal, 1988, 98, (393), 1071-91 View citations (43)

1987

83. Does International Macroeconomic Policy Coordination Pay and Is It Sustainable?: A Two Country Analysis
    Oxford Economic Papers, 1987, 39, (1), 38-74 View citations (12)
84. Long-term unemployment and the shifting U-V curve: A multi-country study
    European Economic Review, 1987, 31, (1-2), 296-305 View citations (17)
85. The design of feedback rules in linear stochastic rational expectations models
    Journal of Economic Dynamics and Control, 1987, 11, (1), 1-28 View citations (50)
    See also Working Paper (1984)
86. The trade-off between simplicity and optimality in macroeconomic policy design
    Journal of Economic Dynamics and Control, 1987, 11, (2), 173-178 View citations (1)

1986

87. Rational expectations models with partial information
    Economic Modelling, 1986, 3, (2), 90-105 View citations (75)
    See also Working Paper (1984)
88. The formulation of robust policies for rival rational expectations models of the economy
    Journal of Economic Dynamics and Control, 1986, 10, (1-2), 93-97 View citations (4)
89. Time inconsistency and optimal policies in deterministic and stochastic worlds
    Journal of Economic Dynamics and Control, 1986, 10, (1-2), 191-199 View citations (5)

1985

90. Optimal feedback rules in an open economy macromodel with rational expectations
    European Economic Review, 1985, 27, (2), 141-163 View citations (16)
    See also Working Paper (1983)
91. Simple Macropolicy Rules for the Open Economy
    Economic Journal, 1985, 95, (380a), 60-70 View citations (10)
    See also Working Paper (1984)
92. The stability of the cournot oligopoly model: A reassessment
    Journal of Economic Theory, 1985, 35, (2), 307-321 View citations (36)
    See also Working Paper (1982)

1981

93. The Financial Characteristics of Firms and Theories of Merger Activity
    Journal of Industrial Economics, 1981, 30, (2), 149-72 View citations (14)

Books

2009

1. Rules, Reputation and Macroeconomic Policy Coordination
   Cambridge Books, Cambridge University Press View citations (22)
   Also in Cambridge Books, Cambridge University Press (1993) View citations (231)

Chapters

2013

1. The science and art of DSGE modelling: I – construction and Bayesian estimation
   Chapter 18 in Handbook of Research Methods and Applications in Empirical Macroeconomics, 2013, pp 411-440
2. The science and art of DSGE modelling: II – model comparisons, model validation, policy analysis and general discussion
   Chapter 19 in Handbook of Research Methods and Applications in Empirical Macroeconomics, 2013, pp 441-463

2007

3. Arms Trade and Arms Races: A Strategic Analysis
   Elsevier View citations (8)
4. Monetary Rules in Emerging Economies with Financial Market Imperfections
   A chapter in International Dimensions of Monetary Policy, 2007, pp 251-311 View citations (36)
   See also Working Paper (2007)

2002

5. Domestic Procurement, Subsidies, and the Arms Trade
   Palgrave Macmillan View citations (2)

2001

6. The Economic Impact of Labour Mobility in an Enlarged European Union
   Palgrave Macmillan View citations (1)

1987

7. International Cooperation and Reputation in an Empirical Two-Bloc Model
   Palgrave Macmillan View citations (7)
   See also Working Paper (1987)

1985

8. Macroeconomic Policy Design in an Interdependent World
   A chapter in International Economic Policy Coordination, 1985, pp 228-273 View citations (49)
   See also Working Paper (1984)