Details about Michael Francis McMahon

Access statistics for papers by Michael Francis McMahon.

Last updated 2024-11-22. Update your information in the RePEc Author Service.

Short-id: pmc143

Working Papers

2024

1. Did I make myself clear? The Fed and the market in the post-2020 framework period
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
2. Mind Your Language: Market Responses to Central Bank Speeches
   Working Papers, Federal Reserve Bank of St. Louis View citations (5)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
3. Tough Talk: The Fed and the Risk Premium
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2023

4. Building Central Bank Credibility: The Role of Forecast Performance
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
5. Getting through: Communicating complex information
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Bank of England working papers, Bank of England (2023) View citations (2)
   Bank of England working papers, Bank of England (2023) View citations (2)
6. MPC monetary communication: Children of the revolution(s)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Economics Series Working Papers, University of Oxford, Department of Economics (2022)
7. Measuring the Temporal Dimension of Text: An Application to Policymaker Speeches
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Research Technical Papers, Central Bank of Ireland (2023) View citations (2)
8. Policymakers' Uncertainty
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
9. The Central Bank Crystal Ball: Temporal information in monetary policy communication
   Research Technical Papers, Central Bank of Ireland View citations (4)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)

2020

10. Beyond Pangloss: Financial sector origins of inefficient economic booms
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    See also Journal Article Beyond Pangloss: Financial sector origins of inefficient economic booms, Journal of Monetary Economics, Elsevier (2024) View citations (1) (2024)
11. The 3 E’s of Central Bank Communication with the Public
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
12. The 3 E’s of central bank communication with the public
    Bank of England working papers, Bank of England View citations (10)
13. The long-run information effect of central bank communication
    Working Paper Series, European Central Bank View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (78)
    Bank of England working papers, Bank of England (2019) View citations (78)
    See also Journal Article The long-run information effect of central bank communication, Journal of Monetary Economics, Elsevier (2019) View citations (78) (2019)

2018

14. China’s Monetary Policy Communication: Frameworks, Impact, and Recommendations
    IMF Working Papers, International Monetary Fund View citations (15)

2016

15. Shocking language: understanding the macroeconomic effects of central bank communication
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (212)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (14)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2015) View citations (13)
    Economic Research Papers, University of Warwick - Department of Economics (2015) View citations (14)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2015) View citations (13)
    Discussion Papers, Centre for Macroeconomics (CFM) (2015) View citations (16)
    CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE) (2015) View citations (14)
    See also Chapter Shocking Language: Understanding the Macroeconomic Effects of Central Bank Communication, NBER Chapters, National Bureau of Economic Research, Inc (2016) View citations (237) (2016)
    Journal Article Shocking language: Understanding the macroeconomic effects of central bank communication, Journal of International Economics, Elsevier (2016) View citations (196) (2016)

2015

16. Perils of Quantitative Easing
    Economic Research Papers, University of Warwick - Department of Economics View citations (4)
    Also in CRETA Online Discussion Paper Series, Centre for Research in Economic Theory and its Applications CRETA (2015) View citations (12)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2015) View citations (4)
17. QE and the Bank Lending Channel in the United Kingdom
    CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE) View citations (3)
    Also in Economic Research Papers, University of Warwick - Department of Economics (2015) View citations (9)
    Discussion Papers, Centre for Macroeconomics (CFM) (2015) View citations (26)
    Bank of England working papers, Bank of England (2014) View citations (51)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2015) View citations (11)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2015) View citations (9)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (10)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2015) View citations (24)
18. The dilemma of central bank transparency
    CentrePiece - The magazine for economic performance, Centre for Economic Performance, LSE

2014

19. Transparency and Deliberation within the FOMC: A Computational Linguistics Approach
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (50)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (44)
    Working Papers, Barcelona School of Economics (2014) View citations (43)
    Discussion Papers, Centre for Macroeconomics (CFM) (2014) View citations (45)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2014) View citations (49)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2014) View citations (43)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2014) View citations (57)
    See also Journal Article Transparency and Deliberation Within the FOMC: A Computational Linguistics Approach, The Quarterly Journal of Economics, President and Fellows of Harvard College (2018) View citations (244) (2018)

2013

20. Estimating Bayesian Decision Problems with Heterogeneous Priors
    Working Papers, Barcelona School of Economics View citations (1)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2013) View citations (1)
    CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE) (2013) View citations (1)
    CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE) (2013) View citations (1)
    CEP Discussion Papers, Centre for Economic Performance, LSE (2013) View citations (1)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2013) View citations (1)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2013) View citations (1)
21. First Impressions Matter: Signalling as a Source of Policy Dynamics
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in CESifo Working Paper Series, CESifo (2012)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2011)
    2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (6)
    Working Papers, Barcelona School of Economics (2011) View citations (2)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2011) View citations (2)
    CEP Discussion Papers, Centre for Economic Performance, LSE (2011) View citations (2)
    See also Journal Article First Impressions Matter: Signalling as a Source of Policy Dynamics, The Review of Economic Studies, Review of Economic Studies Ltd (2016) View citations (12) (2016)
22. How Experts Decide: Preferences or Private Assessments on a Monetary Policy Committee?*
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (9)
    Also in CESifo Working Paper Series, CESifo (2013) View citations (5)

2012

23. The Household Effects of Government Spending
    Economic Research Papers, University of Warwick - Department of Economics View citations (17)
    Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2012) View citations (19)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (27)
    CEP Discussion Papers, Centre for Economic Performance, LSE (2012) View citations (19)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2012) View citations (17)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2012)
    See also Chapter The Household Effects of Government Spending, NBER Chapters, National Bureau of Economic Research, Inc (2012) View citations (19) (2012)
24. The Households Effects of Government Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

2011

25. Classroom Games in Economics: A Quantitative Assessment of the `Beer Game'
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
    Also in Economic Research Papers, University of Warwick - Department of Economics (2011)
26. How Experts Decide: Identifying Preferences versus Signals from Policy Decisions
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (4)
    Also in CEP Discussion Papers, Centre for Economic Performance, LSE (2011) View citations (6)
    Economic Research Papers, University of Warwick - Department of Economics (2011) View citations (3)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2011)
27. Understanding the macroeconomic effects of working capital in the United Kingdom
    Bank of England working papers, Bank of England View citations (22)
    Also in Economic Research Papers, University of Warwick - Department of Economics (2011) View citations (12)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2011) View citations (10)

2010

28. What Do Outside Experts Bring To A Committee? Evidence From The Bank of England
    Working Papers, Barcelona School of Economics View citations (3)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2010) View citations (3)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2010) View citations (2)
    Economic Research Papers, University of Warwick - Department of Economics (2010) View citations (3)

2009

29. Policy Uncertainty and Precautionary Savings
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (4)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2008) View citations (2)
    CEP Discussion Papers, Centre for Economic Performance, LSE (2008) View citations (8)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (3)

2008

30. Delayed Doves: MPC Voting Behaviour of Externals
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (24)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2008) View citations (23)
31. In Brief: Delayed Doves
    CentrePiece - The magazine for economic performance, Centre for Economic Performance, LSE

2005

32. The role of ICT in the global investment cycle
    Bank of England working papers, Bank of England View citations (4)

2000

33. Assessing the Stance of Irish Fiscal Policy
    Papers, Economic and Social Research Institute (ESRI) View citations (14)
34. Differences in the Transmission of Monetary Policy in the Euro-Area: An Empirical Approach
    Research Technical Papers, Central Bank of Ireland View citations (2)

Journal Articles

2024

1. Beyond Pangloss: Financial sector origins of inefficient economic booms
   Journal of Monetary Economics, 2024, 145, (C) View citations (1)
   See also Working Paper Beyond Pangloss: Financial sector origins of inefficient economic booms, CEPR Discussion Papers (2020) View citations (1) (2020)

2021

2. The public economist: learning from our Citizens' Panels about the UK economy
   Bank of England Quarterly Bulletin, 2021, 61, (4), 1-1 View citations (1)

2019

3. The long-run information effect of central bank communication
   Journal of Monetary Economics, 2019, 108, (C), 185-202 View citations (78)
   See also Working Paper The long-run information effect of central bank communication, Working Paper Series (2020) View citations (3) (2020)

2018

4. Central Bank Communications and the General Public
   AEA Papers and Proceedings, 2018, 108, 578-83 View citations (113)
5. Perils of unconventional monetary policy
   Journal of Economic Dynamics and Control, 2018, 93, (C), 92-114 View citations (9)
6. Transparency and Deliberation Within the FOMC: A Computational Linguistics Approach
   The Quarterly Journal of Economics, 2018, 133, (2), 801-870 View citations (244)
   See also Working Paper Transparency and Deliberation within the FOMC: A Computational Linguistics Approach, CEP Discussion Papers (2014) View citations (50) (2014)

2017

7. “Sound Financesâ€: Strategy or Soundbite
   National Institute Economic Review, 2017, 241, (1), R13-R32 View citations (1)
8. “Sound Finances”: Strategy or Soundbite
   National Institute Economic Review, 2017, 241, R13-R32

2016

9. Estimating Bayesian Decision Problems with Heterogeneous Expertise
   Journal of Applied Econometrics, 2016, 31, (4), 762-771
10. First Impressions Matter: Signalling as a Source of Policy Dynamics
    The Review of Economic Studies, 2016, 83, (4), 1645-1672 View citations (12)
    See also Working Paper First Impressions Matter: Signalling as a Source of Policy Dynamics, CEPR Discussion Papers (2013) View citations (3) (2013)
11. Shocking language: Understanding the macroeconomic effects of central bank communication
    Journal of International Economics, 2016, 99, (S1), S114-S133 View citations (196)
    See also Working Paper Shocking language: understanding the macroeconomic effects of central bank communication, CAMA Working Papers (2016) View citations (212) (2016)
    Chapter Shocking Language: Understanding the Macroeconomic Effects of Central Bank Communication, NBER Chapters, 2016 (2016) View citations (237) (2016)

2014

12. Preferences or private assessments on a monetary policy committee?
    Journal of Monetary Economics, 2014, 67, (C), 16-32 View citations (41)

2012

13. Policy Uncertainty and Household Savings
    The Review of Economics and Statistics, 2012, 94, (2), 517-531 View citations (79)

2011

14. Comment
    NBER International Seminar on Macroeconomics, 2011, 7, (1), 77 - 86

2004

15. Saving and Cohabitation: The Economic Consequences of Living with One's Parents in Italy and the Netherlands [with Comments]
    NBER International Seminar on Macroeconomics, 2004, 2004, (1), 413 - 457

Chapters

2022

1. Monetary economics and communication: new data, new tools,new and old questions
   A chapter in Machine learning in central banking, 2022, vol. 57

2016

2. Shocking Language: Understanding the Macroeconomic Effects of Central Bank Communication
   A chapter in NBER International Seminar on Macroeconomics 2015, 2016 View citations (237)
   See also Journal Article Shocking language: Understanding the macroeconomic effects of central bank communication, Elsevier (2016) View citations (196) (2016)
   Working Paper Shocking language: understanding the macroeconomic effects of central bank communication, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2016) View citations (212) (2016)

2012

3. The Household Effects of Government Spending
   A chapter in Fiscal Policy after the Financial Crisis, 2012, pp 103-141 View citations (19)
   See also Working Paper The Household Effects of Government Spending, University of Warwick - Department of Economics (2012) View citations (17) (2012)

2010

4. Comment on "Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks"
   A chapter in NBER International Seminar on Macroeconomics 2010, 2010, pp 77-86