Details about Christopher John McDermott

Access statistics for papers by Christopher John McDermott.

Last updated 2023-05-09. Update your information in the RePEc Author Service.

Short-id: pmc123

Working Papers

2019

1. Changes in New Zealand’s Business Insolvency Rates after the Global Financial Crisis
   Working Papers, Motu Economic and Public Policy Research View citations (1)

2016

2. Inflation expectations and low inflation in New Zealand
   Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand View citations (5)
   See also Journal Article Inflation expectations and low inflation in New Zealand, New Zealand Economic Papers, Taylor & Francis Journals (2018) View citations (5) (2018)
3. New Zealand's experience with changing its inflation target and the impact on inflation expectations
   Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand View citations (17)
   See also Journal Article New Zealand's experience with changing its inflation target and the impact on inflation expectations, New Zealand Economic Papers, Taylor & Francis Journals (2016) View citations (15) (2016)

2015

4. Recessions and Recoveries in New Zealand’s Post-Second World War Business Cycles
   Working Paper Series, Victoria University of Wellington, School of Economics and Finance
   Also in Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand (2014) View citations (2)
   See also Journal Article Recessions and recoveries in New Zealand's post-Second World War business cycles, New Zealand Economic Papers, Taylor & Francis Journals (2016) View citations (14) (2016)

2011

5. An unobserved components common cycle for Australasia? Implications for a common currency
   Working Paper Series, Victoria University of Wellington, School of Economics and Finance
   Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2008)

2008

6. Assessing Inflation Targeting in Latin America With a DSGE Model
   Working Papers Central Bank of Chile, Central Bank of Chile View citations (27)

2007

7. A Quarterly Post-World War II Real GDP Series for New Zealand
   Working Papers, Motu Economic and Public Policy Research View citations (5)
   Also in Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand

2006

8. THE NEW ZEALAND BUSINESS CYCLE: RETURN TO GOLDEN DAYS?
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (4)

2005

9. Regional business cycles in New Zealand:Do they exist? What might drive them?
   Urban/Regional, University Library of Munich, Germany View citations (3)
   Also in ERSA conference papers, European Regional Science Association (2004) View citations (19)
   Working Papers, Motu Economic and Public Policy Research (2004) View citations (12)
   See also Journal Article Regional business cycles in New Zealand: Do they exist? What might drive them?*, Papers in Regional Science, Wiley Blackwell (2007) View citations (19) (2007)

2004

10. Parity Reversion in Real Exchange Rates: Fast, Slow or Not At All?
    IMF Working Papers, International Monetary Fund View citations (8)
    See also Journal Article Parity Reversion in Real Exchange Rates: Fast, Slow, or Not at All?, IMF Staff Papers, Palgrave Macmillan (2006) View citations (14) (2006)

2001

11. An Unbiased Appraisal of Purchasing Power Parity
    IMF Working Papers, International Monetary Fund View citations (10)
    See also Journal Article An Unbiased Appraisal of Purchasing Power Parity, IMF Staff Papers, Palgrave Macmillan (2003) View citations (18) (2003)
12. The Long-Run Behavior of Commodity Prices: Small Trends and Big Variability
    IMF Working Papers, International Monetary Fund View citations (78)
13. Would adopting the Australian dollar provide superior monetary policy in New Zealand?
    Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand View citations (17)
    See also Journal Article Would adopting the Australian dollar provide superior monetary policy in New Zealand?, Economic Modelling, Elsevier (2004) View citations (9) (2004)

2000

14. Concordance in Business Cycles
    IMF Working Papers, International Monetary Fund View citations (31)
    Also in Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand (1999) View citations (19)

1999

15. Booms and Slumps in World Commodity Prices
    IMF Working Papers, International Monetary Fund View citations (33)
    Also in Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand (1999) View citations (35)
    See also Journal Article Booms and slumps in world commodity prices, Journal of Development Economics, Elsevier (2002) View citations (170) (2002)
16. How Persistent Are Shocks to World Commodity Prices?
    IMF Working Papers, International Monetary Fund View citations (51)
    See also Journal Article How Persistent Are Shocks to World Commodity Prices?, IMF Staff Papers, Palgrave Macmillan (2000) View citations (131) (2000)
17. International Capital flows and National Creditworthiness: Examining Australia's Current Account
    Department of Economics - Working Papers Series, The University of Melbourne
18. Macroeconomic Fluctuations in Developing Countries: Some Stylized Facts
    IMF Working Papers, International Monetary Fund View citations (106)
    See also Journal Article Macroeconomic Fluctuations in Developing Countries: Some Stylized Facts, The World Bank Economic Review, World Bank (2000) View citations (256) (2000)
19. Terms of Trade Shocks and the Current Account
    Department of Economics - Working Papers Series, The University of Melbourne View citations (3)
    Also in IMF Working Papers, International Monetary Fund (1998) View citations (25)
20. The Myth of Comoving Commodity Prices
    IMF Working Papers, International Monetary Fund View citations (46)
    Also in Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand (1999) View citations (46)

1998

21. International Capital Flows and National Creditworthiness: Do the Fundamental Things Apply As Time Goes By?
    IMF Working Papers, International Monetary Fund View citations (5)

1997

22. 'Riding on the Sheep's Back': Examining Australia's Dependence on Wool Exports
    Department of Economics - Working Papers Series, The University of Melbourne View citations (10)
    See also Journal Article ‘Riding on the Sheep’s Back’: Examining Australia’s Dependence on Wool Exports, The Economic Record, The Economic Society of Australia (2002) (2002)
23. Fiscal Imbalances, Capital Inflows, and the Real Exchange Rate: The Case of Turkey
    IMF Working Papers, International Monetary Fund View citations (31)
    See also Journal Article Fiscal imbalances, capital inflows, and the real exchange rate: The case of Turkey, European Economic Review, Elsevier (1997) View citations (33) (1997)
24. Testing the Consumption-Capm in Developing Equity Markets
    Department of Economics - Working Papers Series, The University of Melbourne View citations (3)
    See also Journal Article Testing the Consumption-CAPM in Developing Equity Markets, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (1998) View citations (4) (1998)

1996

25. An Empirical Analysis of Fiscal Adjustments
    IMF Working Papers, International Monetary Fund View citations (175)
    See also Journal Article An Empirical Analysis of Fiscal Adjustments, IMF Staff Papers, Palgrave Macmillan (1996) View citations (164) (1996)
26. Are Australia's Current Account Deficits Excessive?
    IMF Working Papers, International Monetary Fund View citations (8)
    See also Journal Article Are Australia's Current Account Deficits Excessive?, The Economic Record, The Economic Society of Australia (1998) View citations (17) (1998)
27. Consumption Smoothing and the Current Account: Evidence for France, 1970-94
    Department of Economics - Working Papers Series, The University of Melbourne View citations (12)
28. Does the Gap Model Work in Asia?
    IMF Working Papers, International Monetary Fund View citations (18)
    See also Journal Article Does the Gap Model Work in Asia?, IMF Staff Papers, Palgrave Macmillan (1997) View citations (46) (1997)
29. Estimation of the Near Unit Root Model of Real Exchange Rates
    IMF Working Papers, International Monetary Fund View citations (3)

1995

30. Consumption Smoothing and the Current Account: Evidence for France, 1970-1994
    IMF Working Papers, International Monetary Fund View citations (3)
31. Informational Efficiency in Developing Equity Markets
    IMF Working Papers, International Monetary Fund View citations (5)
32. International Integration of Equity Markets and Contagion Effects
    IMF Working Papers, International Monetary Fund View citations (31)

1993

33. Nonlinear Econometric Models with Deterministically Trending Variables
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (1)
    See also Journal Article Nonlinear Econometric Models with Deterministically Trending Variables, The Review of Economic Studies, Review of Economic Studies Ltd (1995) View citations (27) (1995)

Journal Articles

2021

1. Changes in New Zealand's business insolvency rates after the GFC
   New Zealand Economic Papers, 2021, 55, (2), 173-187

2020

2. The business cycle and monetary policy: what changed after the GFC?
   New Zealand Economic Papers, 2020, 54, (3), 312-326

2018

3. Inflation expectations and low inflation in New Zealand
   New Zealand Economic Papers, 2018, 52, (3), 277-288 View citations (5)
   See also Working Paper Inflation expectations and low inflation in New Zealand, Reserve Bank of New Zealand Discussion Paper Series (2016) View citations (5) (2016)

2017

4. Policy Uncertainty from a Central Bank Perspective
   Australian Economic Review, 2017, 50, (1), 103-106 View citations (2)

2016

5. Inflation expectations and the conduct of monetary policy in New Zealand
   Reserve Bank of New Zealand Bulletin, 2016, 79, 1-12 View citations (4)
6. New Zealand's experience with changing its inflation target and the impact on inflation expectations
   New Zealand Economic Papers, 2016, 50, (3), 343-361 View citations (15)
   See also Working Paper New Zealand's experience with changing its inflation target and the impact on inflation expectations, Reserve Bank of New Zealand Discussion Paper Series (2016) View citations (17) (2016)
7. Recessions and recoveries in New Zealand's post-Second World War business cycles
   New Zealand Economic Papers, 2016, 50, (3), 261-280 View citations (14)
   See also Working Paper Recessions and Recoveries in New Zealand’s Post-Second World War Business Cycles, Working Paper Series (2015) (2015)

2013

8. Exchange rate policy forum: bringing it all together: where does this leave us, and where to from here?
   Reserve Bank of New Zealand Bulletin, 2013, 76, 35-48

2012

9. Is there an unobserved components common cycle for Australasia? Implications for a common currency
   New Zealand Economic Papers, 2012, 46, (2), 119-141 View citations (1)

2011

10. A quarterly post-Second World War real GDP series for New Zealand
    New Zealand Economic Papers, 2011, 45, (3), 273-298 View citations (9)
11. Unobserved Components Business Cycles for New Zealand. What Are They, and What Might Drive Them?
    The Economic Record, 2011, 87, (277), 294-317 View citations (5)

2009

12. THE NEW ZEALAND BUSINESS CYCLE
    Econometric Theory, 2009, 25, (4), 1050-1069 View citations (21)

2007

13. Regional business cycles in New Zealand: Do they exist? What might drive them?*
    Papers in Regional Science, 2007, 86, (2), 167-191 View citations (19)
    See also Working Paper Regional business cycles in New Zealand:Do they exist? What might drive them?, Urban/Regional (2005) View citations (3) (2005)

2006

14. Parity Reversion in Real Exchange Rates: Fast, Slow, or Not at All?
    IMF Staff Papers, 2006, 53, (1), 5 View citations (14)
    See also Working Paper Parity Reversion in Real Exchange Rates: Fast, Slow or Not At All?, IMF Working Papers (2004) View citations (8) (2004)

2004

15. Terms of trade shocks in Africa: are they short-lived or long-lived?
    Journal of Development Economics, 2004, 73, (2), 727-744 View citations (45)
16. Would adopting the Australian dollar provide superior monetary policy in New Zealand?
    Economic Modelling, 2004, 21, (6), 949-964 View citations (9)
    See also Working Paper Would adopting the Australian dollar provide superior monetary policy in New Zealand?, Reserve Bank of New Zealand Discussion Paper Series (2001) View citations (17) (2001)

2003

17. An Unbiased Appraisal of Purchasing Power Parity
    IMF Staff Papers, 2003, 50, (3), 1 View citations (18)
    See also Working Paper An Unbiased Appraisal of Purchasing Power Parity, IMF Working Papers (2001) View citations (10) (2001)
18. Intertemporal Substitution and Terms‐of‐Trade Shocks
    Review of International Economics, 2003, 11, (4), 604-618 View citations (38)
19. Testing for asymmetric price stickiness using NZ business opinion data: a bootstrap approach
    Applied Economics Letters, 2003, 10, (15), 955-958 View citations (1)

2002

20. Booms and slumps in world commodity prices
    Journal of Development Economics, 2002, 69, (1), 277-296 View citations (170)
    See also Working Paper Booms and Slumps in World Commodity Prices, IMF Working Papers (1999) View citations (33) (1999)
21. Intertemporal Consumption Smoothing and Capital Mobility: Evidence from Australia
    Australian Economic Papers, 2002, 41, (1), 82-98 View citations (11)
22. Terms of Trade Shocks and the Current Account: Evidence from Five Industrial Countries
    Open Economies Review, 2002, 13, (3), 219-235 View citations (37)
23. ‘Riding on the Sheep’s Back’: Examining Australia’s Dependence on Wool Exports
    The Economic Record, 2002, 78, (242), 249-263
    See also Working Paper 'Riding on the Sheep's Back': Examining Australia's Dependence on Wool Exports, Department of Economics - Working Papers Series (1997) View citations (10) (1997)

2000

24. How New Zealand adjusts to macroeconomic shocks: implications for joining a currency area
    Reserve Bank of New Zealand Bulletin, 2000, 63 View citations (13)
25. How Persistent Are Shocks to World Commodity Prices?
    IMF Staff Papers, 2000, 47, (2), 2 View citations (131)
    See also Working Paper How Persistent Are Shocks to World Commodity Prices?, IMF Working Papers (1999) View citations (51) (1999)
26. Macroeconomic Fluctuations in Developing Countries: Some Stylized Facts
    The World Bank Economic Review, 2000, 14, (2), 251-85 View citations (256)
    See also Working Paper Macroeconomic Fluctuations in Developing Countries: Some Stylized Facts, IMF Working Papers (1999) View citations (106) (1999)

1999

27. Consumption smoothing and the current account: evidence for France, 1970-1996
    Journal of International Money and Finance, 1999, 18, (1), 1-12 View citations (12)
28. Export performance after depreciation
    Reserve Bank of New Zealand Bulletin, 1999, 62
29. Issues relating to optimal currency areas: theory and implications for New Zealand
    Reserve Bank of New Zealand Bulletin, 1999, 62 View citations (27)

1998

30. Are Australia's Current Account Deficits Excessive?
    The Economic Record, 1998, 74, (227), 346-361 View citations (17)
    See also Working Paper Are Australia's Current Account Deficits Excessive?, IMF Working Papers (1996) View citations (8) (1996)
31. Testing the Consumption-CAPM in Developing Equity Markets
    International Journal of Finance & Economics, 1998, 3, (2), 127-41 View citations (4)
    See also Working Paper Testing the Consumption-Capm in Developing Equity Markets, Department of Economics - Working Papers Series (1997) View citations (3) (1997)
32. Testing the expectations model of the term structure in times of financial transition
    Applied Financial Economics, 1998, 8, (6), 663-669 View citations (2)

1997

33. Does the Gap Model Work in Asia?
    IMF Staff Papers, 1997, 44, (1), 59-80 View citations (46)
    See also Working Paper Does the Gap Model Work in Asia?, IMF Working Papers (1996) View citations (18) (1996)
34. Fiscal imbalances, capital inflows, and the real exchange rate: The case of Turkey
    European Economic Review, 1997, 41, (3-5), 819-825 View citations (33)
    See also Working Paper Fiscal Imbalances, Capital Inflows, and the Real Exchange Rate: The Case of Turkey, IMF Working Papers (1997) View citations (31) (1997)

1996

35. An Empirical Analysis of Fiscal Adjustments
    IMF Staff Papers, 1996, 43, (4), 725-753 View citations (164)
    See also Working Paper An Empirical Analysis of Fiscal Adjustments, IMF Working Papers (1996) View citations (175) (1996)

1995

36. Nonlinear Econometric Models with Deterministically Trending Variables
    The Review of Economic Studies, 1995, 62, (3), 343-360 View citations (27)
    See also Working Paper Nonlinear Econometric Models with Deterministically Trending Variables, Cowles Foundation Discussion Papers (1993) View citations (1) (1993)

1994

37. Excess volatility: A testing strategy
    Economics Letters, 1994, 44, (1-2), 35-41

Chapters

2018

1. Inflation Targeting in New Zealand: An Experience in Evolution
   A chapter in Central Bank Frameworks: Evolution or Revolution?, 2018 View citations (14)

2017

2. Wrap-up Panel Discussion
   A chapter in Monetary Policy and Financial Stability in a World of Low Interest Rates, 2017

2013

3. The future of inflation targeting?
   A chapter in Globalisation and inflation dynamics in Asia and the Pacific, 2013, vol. 70, pp 173-179

2010

4. Discussion of What Drives Inflation in the World?
   A chapter in Inflation in an Era of Relative Price Shocks, 2010