Details about Guay C. Lim

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Workplace:	Melbourne Institute of Applied Economic and Social Research (MIAESR), Faculty of Business and Economics, University of Melbourne, (more information at EDIRC)

Access statistics for papers by Guay C. Lim.

Last updated 2022-01-03. Update your information in the RePEc Author Service.

Short-id: pli315

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Working Papers

2021

1. Retail investor expectations and trading preferences
   Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne

2019

2. Beyond Okun's Law: Output Growth and Labor Market Flows
   Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne View citations (1)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (1)
   Tinbergen Institute Discussion Papers, Tinbergen Institute (2018) View citations (1)
   See also Journal Article in Empirical Economics (2021)

2018

3. Labor’s Share, the firm’s market power and TFP
   Department of Economics - Working Papers Series, The University of Melbourne
   Also in Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2017)
4. What Do We Know about the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers
   CESifo Working Paper Series, CESifo View citations (1)
   Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2018) View citations (1)
   See also Journal Article in Australian Economic Review (2019)

2016

5. Non-Linearities in the Relationship between House Prices and Interest Rates: Implications for Monetary Policy
   Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne View citations (3)
6. Revisiting Okun's Relationship
   Discussion Paper, Tilburg University, Center for Economic Research View citations (4)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (4)
   Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2016) View citations (3)
   IZA Discussion Papers, Institute of Labor Economics (IZA) (2016) View citations (5)
   Other publications TiSEM, Tilburg University, School of Economics and Management (2016) View citations (2)
   See also Journal Article in Applied Economics (2017)

2015

7. Financial Stress Thresholds and Household Equivalence Scales
   Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne

2014

8. Income Inequality, Trade and Financial Openness
   Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne View citations (19)
9. Lay people’s models of the economy: A study based on surveys of consumer sentiments
   Department of Economics - Working Papers Series, The University of Melbourne View citations (2)
   See also Journal Article in Journal of Economic Psychology (2014)
10. The Effect of Shocks to Labour Market Flows on Unemployment and Participation Rates
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (2)
    CESifo Working Paper Series, CESifo (2014) View citations (1)
    Discussion Paper, Tilburg University, Center for Economic Research (2014) View citations (1)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2014) View citations (2)
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2014) View citations (1)
    See also Journal Article in Applied Economics (2015)

2011

11. Regional Indexes of Activity: Combining the Old with the New
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne

2010

12. Bank and Official Interest Rates: How Do They Interact over Time?
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne View citations (3)
    See also Journal Article in The Economic Record (2013)
13. Regional Beveridge Curves: A Latent Variable Approach
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne View citations (4)
    Also in Department of Economics - Working Papers Series, The University of Melbourne (2010) View citations (5)
    See also Journal Article in Regional Studies (2014)

2009

14. A Latent Variable Approach to Forecasting the Unemployment Rate
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne
    See also Journal Article in Journal of Forecasting (2012)
15. Cyclical Government Spending, Income Inequality and Welfare in Small Open Economies
    2009 Meeting Papers, Society for Economic Dynamics
    Also in Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2008)
16. Phillips Curve and the Equalibrium Unemployment Rate
    Department of Economics - Working Papers Series, The University of Melbourne View citations (1)
    See also Journal Article in The Economic Record (2009)

2008

17. A Bayesian Simulation Approach to Inference on a Multi-State Latent Factor Intensity Model
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne
18. A Univariate Model of Aggregate Labour Productivity
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne View citations (1)
    See also Journal Article in Applied Economics (2013)
19. Phillips Curve and the Equilibrium Rate of Unemployment
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne View citations (1)

2007

20. What Drives Worker Flows?
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne View citations (1)

2006

21. A reexamination of the equity-premium puzzle: A robust non-parametric approach
    Departmental Working Papers, Southern Methodist University, Department of Economics View citations (4)
    See also Journal Article in The North American Journal of Economics and Finance (2006)
22. An Aggregate Social Accounting Matrix for the Australian Economy: Data Sources and Methods
    Centre of Policy Studies/IMPACT Centre Working Papers, Victoria University, Centre of Policy Studies/IMPACT Centre View citations (1)
23. Fiscal and Current Account Balances in a Model with Sticky Prices and Distortionary Taxes
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne
24. Inflation Targeting, Learning and Q Volatility in Small Open Economies
    Computing in Economics and Finance 2006, Society for Computational Economics
    Also in Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2006)
    See also Journal Article in Journal of Economic Dynamics and Control (2007)
25. Time-Varying Equilibrium Rates of Unemployment: An Analysis with Australian Data
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne View citations (3)
    See also Journal Article in Australian Journal of Labour Economics (AJLE) (2007)

2004

26. A FRAMEWORK FOR UNDERSTANDING CHANGES IN THE UNEMPLOYMENT RATE IN A FLOWS CONTEXT: AN EXAMINATION NET FLOWS IN THE AUSTRALIAN LABOUR MARKET
    Department of Economics - Working Papers Series, The University of Melbourne View citations (4)
27. AN EMPLOYMENT EQUATION FOR AUSTRALIA: 1966-2001
    Department of Economics - Working Papers Series, The University of Melbourne View citations (1)
28. Asian Crises: Theory, Evidence, Warning-Signals
    CESifo Working Paper Series, CESifo View citations (1)
    See also Journal Article in The Singapore Economic Review (SER) (2004)
29. Discounting The Equity Premium Puzzle
    Econometric Society 2004 Australasian Meetings, Econometric Society View citations (2)
30. Inflation Targeting and Q Volatility in Small Open Economies
    Econometric Society 2004 Far Eastern Meetings, Econometric Society
    Also in Computing in Economics and Finance 2004, Society for Computational Economics (2004)
31. The Incidence of Long-Term Unemployment in Australia 1978-2003
    Department of Economics - Working Papers Series, The University of Melbourne View citations (1)
    See also Journal Article in Australian Journal of Labour Economics (AJLE) (2004)

2003

32. Underlying Inflation in Australia: Are the Existing Measures Satisfactory?
    Department of Economics - Working Papers Series, The University of Melbourne View citations (3)
    See also Journal Article in The Economic Record (2004)

2002

33. CENTRAL BANK LEARNING, TERMS OF TRADE SHOCKS & CURRENCY RISKS: SHOULD ONLY INFLATION MATTER FOR MONETARY POLICY?
    Department of Economics - Working Papers Series, The University of Melbourne
    Also in Computing in Economics and Finance 2002, Society for Computational Economics (2002)
34. Parametric Pricing of Higher Order Moments in S&P500 Options
    Monash Econometrics and Business Statistics Working Papers, Monash University, Department of Econometrics and Business Statistics View citations (3)
    See also Journal Article in Journal of Applied Econometrics (2005)
35. Pricing Currency Options in Tranquil Markets: Modelling Volatility Frowns
    Monash Econometrics and Business Statistics Working Papers, Monash University, Department of Econometrics and Business Statistics
36. WHY ARE RECESSIONS AS DEEP AS THEY ARE? THE BEHAVIOUR OVER TIME OF THE OUTFLOW FROM UNEMPLOYMENT: A NEW PERSPECTIVE
    Department of Economics - Working Papers Series, The University of Melbourne View citations (1)
    See also Journal Article in Australian Journal of Labour Economics (AJLE) (2003)

2001

37. Australian Gross Flows Data: The Labour Force Survey and the Size of the Population Represented by the Matched Sample
    Department of Economics - Working Papers Series, The University of Melbourne View citations (6)
    See also Journal Article in Australian Journal of Labour Economics (AJLE) (2002)
38. Central Bank Learning, Terms of Trade Shocks & Currency Risk: Should Exchange Rate Volatility Matter for Monetary Policy?
    Boston College Working Papers in Economics, Boston College Department of Economics
39. Interest Rate Smoothing and Inflation-Output Variabilityin a Small Open Economy
    Department of Economics - Working Papers Series, The University of Melbourne View citations (2)

2000

40. Misalignment and Managed Exchange Rates: An Application to the Thai Baht
    IMF Working Papers, International Monetary Fund View citations (12)

1998

41. Parameterizing Currency Risk in the EMS: The Irish Pound and Spanish Peseta against the German Mark
    International Finance, University Library of Munich, Germany

1995

42. A Nonlinear Characterization of Asset Dynamics with an Application to the 1987 Stock Market Crash
    Department of Economics - Working Papers Series, The University of Melbourne
43. Testingh Speculative Efficiency: Pitfalls, Puzzles and Parametrics
    Department of Economics - Working Papers Series, The University of Melbourne

Journal Articles

2021

1. Beyond Okun’s law: output growth and labor market flows
   Empirical Economics, 2021, 60, (3), 1387-1409 View citations (1)
   See also Working Paper (2019)
2. The Australian Economy in 2020–21: The COVID‐19 Pandemic and Prospects for Economic Recovery
   Australian Economic Review, 2021, 54, (1), 5-18 View citations (2)

2020

3. Is the decline in labour’s share in the US driven by changes in technology and/or market power? An empirical analysis
   Applied Economics, 2020, 52, (59), 6400-6415 View citations (9)

2019

4. Household income requirements and financial conditions
   Empirical Economics, 2019, 57, (5), 1705-1730 View citations (1)
5. What Do We Know About the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers
   Australian Economic Review, 2019, 52, (1), 78-93 View citations (8)
   See also Working Paper (2018)

2018

6. Interest Rates, Local Housing Markets and House Price Over†reactions
   The Economic Record, 2018, 94, (S1), 33-48 View citations (2)
7. LABOR'S SHARE, THE FIRM'S MARKET POWER, AND TOTAL FACTOR PRODUCTIVITY
   Economic Inquiry, 2018, 56, (4), 2058-2076 View citations (3)
8. Macroeconomic Policies in a Low Interest Rate Environment: Back to Keynes?
   Australian Economic Review, 2018, 51, (1), 70-86 View citations (1)
9. Unconventional monetary and fiscal policies in interconnected economies: Do policy rules matter?
   Journal of Economic Dynamics and Control, 2018, 93, (C), 346-363 View citations (2)

2017

10. A Short Review of the Recent Literature on Uncertainty
    Australian Economic Review, 2017, 50, (1), 68-78 View citations (47)
11. Revisiting the Okun relationship
    Applied Economics, 2017, 49, (28), 2749-2765 View citations (17)
    See also Working Paper (2016)

2016

12. Consumption, Income, and Wealth: Evidence from Age, Cohort, and Period Elasticities
    Review of Income and Wealth, 2016, 62, (3), 489-508 View citations (7)
13. Income growth and inequality: The threshold effects of trade and financial openness
    Economic Modelling, 2016, 58, (C), 403-412 View citations (20)
14. Introduction to the Policy Forum: Macroeconomic Consequences of Macroprudential Policies
    Australian Economic Review, 2016, 49, (1), 77-82 View citations (2)
15. Modelling the dynamics of regional employment–population ratios and their commonality
    Urban Studies, 2016, 53, (2), 338-354 View citations (1)
16. Quasi-monetary and quasi-fiscal policy rules at the zero-lower bound
    Journal of International Money and Finance, 2016, 69, (C), 135-150 View citations (8)

2015

17. ALTERNATIVE WEIGHTING APPROACHES TO COMPUTING INDEXES OF ECONOMIC ACTIVITY
    Journal of Economic Surveys, 2015, 29, (2), 287-300 View citations (8)
18. The effect of shocks to labour market flows on unemployment and participation rates
    Applied Economics, 2015, 47, (24), 2523-2539 View citations (7)
    See also Working Paper (2014)

2014

19. Lay people’s models of the economy: A study based on surveys of consumer sentiments
    Journal of Economic Psychology, 2014, 44, (C), 13-20 View citations (2)
    See also Working Paper (2014)
20. Monetary regime choice in Singapore: Would a Taylor rule outperform exchange-rate management?
    Journal of Asian Economics, 2014, 30, (C), 63-81 View citations (12)
21. Regional Beveridge Curves: A Latent Variable Approach
    Regional Studies, 2014, 48, (2), 254-269 View citations (5)
    See also Working Paper (2010)
22. Review of the Australian Economy 2013–14: The Age of Austerity?
    Australian Economic Review, 2014, 47, (1), 1-12 View citations (2)

2013

23. A univariate model of aggregate labour productivity
    Applied Economics, 2013, 45, (18), 2695-2695
    Also in Applied Economics, 2012, 44, (5), 581-585 (2012)
    Applied Economics, 2012, 44, (16), 2075-2080 (2012)
    See also Working Paper (2008)
24. ALTERNATIVE GOVERNMENT SPENDING RULES: EFFECTS ON INCOME INEQUALITY AND WELFARE
    Macroeconomic Dynamics, 2013, 17, (7), 1496-1518 View citations (4)
25. Bank and Official Interest Rates: How Do They Interact over Time?
    The Economic Record, 2013, 89, (285), 160-174 View citations (6)
    See also Working Paper (2010)

2012

26. A latent variable approach to forecasting the unemployment rate
    Journal of Forecasting, 2012, 31, (3), 229-244 View citations (2)
    See also Working Paper (2009)
27. Combating Unemployment
    The Economic Record, 2012, 88, (282), 443-445
28. MACROECONOMIC VOLATILITY AND COUNTERFACTUAL INFLATION-TARGETING IN HONG KONG
    Pacific Economic Review, 2012, 17, (2), 304-325 View citations (5)
29. Review of the Australian Economy 2011–12: A Case of Déjà Vu
    Australian Economic Review, 2012, 45, (1), 1-13 View citations (4)

2011

30. Review of the Australian Economy 2010–11: Growth, Jobs and Debt
    Australian Economic Review, 2011, 44, (1), 1-12

2010

31. Review of the Australian Economy 2009–10: On the Road to Recovery
    Australian Economic Review, 2010, 43, (1), 1-11 View citations (1)

2009

32. Inflation Targeting
    Australian Economic Review, 2009, 42, (1), 110-118 View citations (4)
33. Phillips Curve and the Equilibrium Unemployment Rate
    The Economic Record, 2009, 85, (271), 371-382 View citations (10)
    See also Working Paper (2009)
34. Review of the Australian Economy 2008–09: Recessions, Retrenchments and Risks
    Australian Economic Review, 2009, 42, (1), 1-11 View citations (4)

2007

35. Central bank learning, terms of trade shocks and currency risk: Should only inflation matter for monetary policy?
    Journal of International Money and Finance, 2007, 26, (6), 865-886 View citations (2)
36. Inflation targeting, learning and Q volatility in small open economies
    Journal of Economic Dynamics and Control, 2007, 31, (11), 3699-3722
    See also Working Paper (2006)
37. Time-varying equilibrium rates of unemployment: an analysis with Australian data
    Australian Journal of Labour Economics (AJLE), 2007, 10, (4), 205-225 View citations (3)
    See also Working Paper (2006)

2006

38. A reexamination of the equity-premium puzzle: A robust non-parametric approach
    The North American Journal of Economics and Finance, 2006, 17, (2), 173-189 View citations (4)
    See also Working Paper (2006)
39. Central Bank Learning and Taylor Rules with Sticky Import Prices
    Computational Economics, 2006, 28, (2), 155-175
40. Pricing currency options in the presence of time-varying volatility and non-normalities
    Journal of Multinational Financial Management, 2006, 16, (3), 291-314 View citations (8)

2005

41. An Employment Equation for Australia
    The Economic Record, 2005, 81, (254), 204-214 View citations (11)
42. An Examination of Net Flows in the Australian Labour Market
    Australian Journal of Labour Economics (AJLE), 2005, 8, (1), 25-42 View citations (6)
43. Bounded dividends, earnings and fundamental stock values
    Empirical Economics, 2005, 30, (2), 411-426 View citations (2)
44. Currency risk in excess equity returns: a multi time-varying beta approach
    Journal of International Financial Markets, Institutions and Money, 2005, 15, (3), 189-207 View citations (4)
45. Parametric pricing of higher order moments in S&P500 options
    Journal of Applied Econometrics, 2005, 20, (3), 377-404 View citations (5)
    Also in Journal of Applied Econometrics, 2005, 20, (3), 377-404 (2005) View citations (28)
    See also Working Paper (2002)

2004

46. ASIAN CRISES: THEORY, EVIDENCE, WARNING SIGNALS
    The Singapore Economic Review (SER), 2004, 49, (02), 135-161 View citations (1)
    See also Working Paper (2004)
47. Learning and the monetary policy strategy of the European Central Bank
    Journal of International Money and Finance, 2004, 23, (7-8), 997-1010 View citations (3)
48. The Incidence of Long-term Unemployment in Australia 1978-2003
    Australian Journal of Labour Economics (AJLE), 2004, 7, (4), 501-513 View citations (1)
    See also Working Paper (2004)
49. Underlying Inflation in Australia: Are the Existing Measures Satisfactory?
    The Economic Record, 2004, 80, (251), 373-386 View citations (8)
    See also Working Paper (2003)

2003

50. Why are recessions as deep as they are? The behaviour over time of the outflow from unemployment: a new perspective
    Australian Journal of Labour Economics (AJLE), 2003, 6, (1), 37-64 View citations (6)
    See also Working Paper (2002)

2002

51. Australian gross flows data: the labour force survey and the size of the population represented by the matched sample
    Australian Journal of Labour Economics (AJLE), 2002, 5, (1), 1-21 View citations (13)
    See also Working Paper (2001)
52. Modelling the Interaction of Fundamental and Portfolio Exchange Rate Behaviour: An Application to Australia and the ASEAN3
    Australian Economic Papers, 2002, 41, (4), 557-576 View citations (3)

2001

53. Bank Interest Rate Adjustments: Are They Asymmetric?
    The Economic Record, 2001, 77, (237), 135-147 View citations (32)
54. EXCHANGE RATE VOLATILITY: CAUSES, CONSEQUENCES & MANAGEMENT—AN OVERVIEW
    Economic Papers, 2001, 20, (S1), 1-5

1999

55. Hedge Funds and Currency Crises
    Australian Economic Review, 1999, 32, (2), 191-196
56. MANAGING RISK: WHAT HAVE WE LEARNT?—AN OVERVIEW
    Economic Papers, 1999, 18, (4), 2-6

1998

57. ENDOGENOUS JUMPING AND ASSET PRICE DYNAMICS
    Macroeconomic Dynamics, 1998, 2, (2), 213-237 View citations (4)
58. TECHNOLOGY AND THE EVOLVING FINANCIAL SYSTEM: AN OVERVIEW
    Economic Papers, 1998, 17, (4), 3-6
59. The Effect of the Nikkei and the S&P on the All-Ordinaries: A Comparison of Three Models
    International Journal of Finance & Economics, 1998, 3, (3), 217-28 View citations (5)
60. The distribution of exchange rate returns and the pricing of currency options
    Journal of International Economics, 1998, 45, (2), 351-368 View citations (9)

1997

61. Estimating portfolio models from financial flow data: A reply
    Economic Modelling, 1997, 14, (2), 307-308
62. The Wallis Report: An Agenda for Financial Reform?
    Australian Economic Review, 1997, 30, (3), 301-303

1995

63. Factors and Personal Income Distributions and Taxation in General Equilibrium
    Journal of Income Distribution, 1995, 04, (1), 4-4
64. Portfolio Implications of an Equity Rain in Australia
    The Economic Record, 1995, 71, (4), 367-378 View citations (1)

1994

65. A Spectral-Temporal Index with an Application to U.S. Interest Rates
    Journal of Business & Economic Statistics, 1994, 12, (1), 81-93
66. Australian Short-Term Interest Rates: An Empirical Analysis of the Transmission Process, 1988-1991
    Australian Economic Papers, 1994, 33, (62), 75-95 View citations (1)

1992

67. Testing for the fundamental determinants of the long run real exchange rate
    Journal of Banking & Finance, 1992, 16, (3), 625-642 View citations (4)

1991

68. Estimating portfolio models from financial flow data: An analysis of the demand for liabilities, real assets and financial assets by the household sector
    Economic Modelling, 1991, 8, (2), 219-224 View citations (1)
69. Official Intervention in the Foreign Exchange Market
    Australian Economic Review, 1991, 24, (4), 67-71 View citations (2)

1990

70. Comment: on ‘Implications for Monetary Policy of Innovations and Institutional Changes in the Market for Foreign Exchange’
    Australian Economic Review, 1990, 23, (2), 106-107
71. Foreign exchange Markets and the Australian Dollar
    Australian Economic Review, 1990, 23, (3), 44-50

1989

72. Is Monetary Policy Too Tight?
    Australian Economic Review, 1989, 22, (2), 15-24 View citations (7)

1988

73. Financial Implications of the Commonwealth Budget Surplus
    Australian Economic Review, 1988, 21, (4), 19-25 View citations (2)

1985

74. An Analysis of Recent Changes in the Australian Exchange Rate: Nominal and Real
    Australian Economic Review, 1985, 18, (2), 19-26 View citations (5)
75. GDP Growth Rates Calculated from Quarterly National Accounts: Discrepancies and Revisions
    Australian Economic Review, 1985, 18, (4), 21-27 View citations (9)

1984

76. The Martin Report
    Australian Economic Review, 1984, 17, (2), 26-34
77. The Money Supply in Australia: Prospects for 1984‐85
    Australian Economic Review, 1984, 17, (4), 18-22

1981

78. A portfolio model estimator
    Economics Letters, 1981, 8, (3), 247-253

Books

2008

1. Computational Macroeconomics for the Open Economy, vol 1
   MIT Press Books, The MIT Press View citations (42)

Chapters

2000

1. Weighted Monetary Aggregates: Empirical Evidence for Australia
   Palgrave Macmillan

Editor

1. Economic Papers
   The Economic Society of Australia