Details about Paul D. McNelis

E-mail:	paul.mcnelis@bc.edu
Homepage:	https://www.github.com/McNelis-CMML
Phone:	212 636 6186
Postal address:	Department of Economics Boston College Chestnut Hill, Mass. 02467
Workplace:	Department of Economics, Boston College, (more information at EDIRC)

Access statistics for papers by Paul D. McNelis.

Last updated 2024-11-28. Update your information in the RePEc Author Service.

Short-id: pmc2

---

Jump to Journal Articles Books Chapters

Working Papers

2024

1. Financial Contagion in China, Real Estate Markets, and Regulatory Intervention
   Boston College Working Papers in Economics, Boston College Department of Economics

2020

2. Volatility spillovers and capital buffers among the G-SIBs
   BIS Working Papers, Bank for International Settlements

2019

3. Offshore Fears and Onshore Risk: Exchange Rate Pressures and Bank Volatility Contagion in the People’s Republic of China
   ADB Economics Working Paper Series, Asian Development Bank

2014

4. Finding Stability in a Time of Crisis: Lessons of East Asia for Eastern Europe
   Working Papers, Hong Kong Institute for Monetary Research
5. 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)
6. TARGET Balances and Macroeconomic Adjustment to Sudden Stops in the Euro Area
   The Institute for International Integration Studies Discussion Paper Series, IIIS View citations (24)

2010

7. Need Singapore Fear Floating? A DSGE-VAR Approach
   Working Papers, Singapore Management University, School of Economics View citations (2)

2009

8. 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)
9. Structural Change and Counterfactual Inflation-Targeting in Hong Kong
   Working Papers, Hong Kong Institute for Monetary Research View citations (1)

2007

10. Output Gap Estimation for Inflation Forecasting: The Case of the Philippines
    MPRA Paper, University Library of Munich, Germany View citations (4)
11. The Money-Age Distribution: Empirical Facts and Limited Monetary Models
    CESifo Working Paper Series, CESifo View citations (4)

2006

12. 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
13. 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 Inflation targeting, learning and Q volatility in small open economies, Journal of Economic Dynamics and Control, Elsevier (2007) (2007)
14. Renminbi Revaluation, Euro Appreciation and Chinese Markets: What Can We Learn From Data?
    Working Papers, Hong Kong Institute for Monetary Research
15. The money-age distribution: Empirical facts and economic modelling
    Computing in Economics and Finance 2006, Society for Computational Economics
    See also Journal Article The money-age distribution: Empirical facts and the limits of three monetary models, Journal of Macroeconomics, Elsevier (2011) View citations (5) (2011)

2004

16. A Comparison of US and Hong Kong Cap-Floor Volatility Dynamics
    Working Papers, Hong Kong Institute for Monetary Research
17. Deflationary Dynamics in Hong Kong: Evidence from Linear and Neural Network Regime Switching Models
    Working Papers, Hong Kong Institute for Monetary Research
18. Forecasting inflation with thick models and neural networks
    Working Paper Series, European Central Bank View citations (18)
    See also Journal Article Forecasting inflation with thick models and neural networks, Economic Modelling, Elsevier (2005) View citations (57) (2005)
19. 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)

2002

20. 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)

2001

21. 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

2000

22. STOCHASTIC GROWTH WITH HETEROGENEOUS AGENTS
    Computing in Economics and Finance 2000, Society for Computational Economics

1998

23. Approximating and Simulating the Stochastic Growth Model: Parameterized Expectations, Neural Networks, and the Genetic Algorithm
    GE, Growth, Math methods, University Library of Munich, Germany View citations (8)
    See also Journal Article Approximating and simulating the stochastic growth model: Parameterized expectations, neural networks, and the genetic algorithm, Journal of Economic Dynamics and Control, Elsevier (2001) View citations (29) (2001)
24. Parameterizing Currency Risk in the EMS: The Irish Pound and Spanish Peseta against the German Mark
    International Finance, University Library of Munich, Germany

1997

25. Approximating and Simulating the Real Business Cycle: Linear Quadratic Methods, Parameterized Expectations, and Genetic Algorithms
    Macroeconomics, University Library of Munich, Germany
    Also in Computing in Economics and Finance 1997, Society for Computational Economics

1996

26. Stock Price Fluctuations in Australia: The Influence of japanese and U.S. Markets
    Department of Economics - Working Papers Series, The University of Melbourne View citations (2)

1993

27. The Response of Australian Stock, Foreign Exchange and Bond Markets to Foreign Asset Returns and Volatilities
    RBA Research Discussion Papers, Reserve Bank of Australia View citations (12)

1992

28. Financial liberation and adjustment in Chile and New Zealand
    Policy Research Working Paper Series, The World Bank

1991

29. Volatility reversal from interest rates to the real exchange rate: financial liberalization in Chile, 1975-82
    Policy Research Working Paper Series, The World Bank

1986

30. Brazilian indexing and inertial inflation: evidence from time-varying estimates of an inflation transfer function
    FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE), EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil) View citations (3)

Journal Articles

2020

1. Macroeconomic adjustment with managed exchange rates and capital controls: Some lessons from China
   Economic Modelling, 2020, 91, (C), 759-768
2. Offshore fears and onshore risk: exchange rate pressures and bank volatility contagion in China
   Economic and Political Studies, 2020, 8, (3), 374-393
3. Sudden stops in the Euro Area: Does monetary union matter?
   Journal of International Money and Finance, 2020, 108, (C) View citations (5)

2018

4. HOUSEHOLD INCOME DYNAMICS IN A LOWER-INCOME SMALL OPEN ECONOMY: A COMPARISON OF BANKING AND CROWDFUNDING REGIMES
   The Singapore Economic Review (SER), 2018, 63, (01), 147-166
5. 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 (3)

2016

6. Finding stability in a time of prolonged crisis: Unconventional policy rules for Japan
   Journal of Financial Stability, 2016, 27, (C), 122-136 View citations (4)
7. Income growth and inequality: The threshold effects of trade and financial openness
   Economic Modelling, 2016, 58, (C), 403-412 View citations (25)
8. 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)

2014

9. Monetary regime choice in Singapore: Would a Taylor rule outperform exchange-rate management?
   Journal of Asian Economics, 2014, 30, (C), 63-81 View citations (13)

2013

10. ALTERNATIVE GOVERNMENT SPENDING RULES: EFFECTS ON INCOME INEQUALITY AND WELFARE
    Macroeconomic Dynamics, 2013, 17, (7), 1496-1518 View citations (4)
11. Regional capital mobility in China: Economic reform with limited financial integration
    Journal of International Money and Finance, 2013, 37, (C), 493-503 View citations (14)
12. WAS THE GOLD STANDARD REALLY DESTABILIZING?
    Journal of Applied Econometrics, 2013, 28, (2), 231-249 View citations (9)
13. Yen/Dollar volatility and Chinese fear of floating: Pressures from the NDF market
    Pacific-Basin Finance Journal, 2013, 22, (C), 37-49 View citations (11)

2012

14. MACROECONOMIC VOLATILITY AND COUNTERFACTUAL INFLATION-TARGETING IN HONG KONG
    Pacific Economic Review, 2012, 17, (2), 304-325 View citations (5)
15. MACROECONOMIC VOLATILITY UNDER HIGH ACCUMULATION OF GOVERNMENT DEBT: LESSONS FROM JAPAN
    Advances in Complex Systems (ACS), 2012, 15, (supp0), 1-29 View citations (5)
    See also Chapter Macroeconomic Volatility Under High Accumulation of Government Debt: Lessons from Japan, ADB Institute Series on Development Economics, 2017, 77-108 (2017) (2017)

2011

16. The money-age distribution: Empirical facts and the limits of three monetary models
    Journal of Macroeconomics, 2011, 33, (3), 390-405 View citations (5)
    See also Working Paper The money-age distribution: Empirical facts and economic modelling, Computing in Economics and Finance 2006 (2006) (2006)

2008

17. Special issue on international financial markets and the macroeconomy
    International Journal of Finance & Economics, 2008, 13, (1), 1-1

2007

18. 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)
19. 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 Inflation Targeting, Learning and Q Volatility in Small Open Economies, Computing in Economics and Finance 2006 (2006) (2006)

2006

20. Central Bank Learning and Taylor Rules with Sticky Import Prices
    Computational Economics, 2006, 28, (2), 155-175 View citations (1)
21. Paul D. McNelis, Neural networks in finance--gaining predictive edge in the market, Elsevier Academic Press (2005) ISBN 0-12-485967-4 hardcover, 243 pages
    International Journal of Forecasting, 2006, 22, (2), 407-408

2005

22. Forecasting inflation with thick models and neural networks
    Economic Modelling, 2005, 22, (5), 848-867 View citations (57)
    See also Working Paper Forecasting inflation with thick models and neural networks, Working Paper Series (2004) View citations (18) (2004)

2004

23. Deciphering the Message in Japanese Deflation Dynamics
    Asian Economic Papers, 2004, 3, (2), 49-70 View citations (1)
24. 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)

2002

25. Macroeconomic policy games and asset-price volatility in the EMS: a linear quadratic control analysis of France, Germany, Italy and Spain
    Economic Modelling, 2002, 19, (1), 1-24

2001

26. Approximating and simulating the stochastic growth model: Parameterized expectations, neural networks, and the genetic algorithm
    Journal of Economic Dynamics and Control, 2001, 25, (9), 1273-1303 View citations (29)
    See also Working Paper Approximating and Simulating the Stochastic Growth Model: Parameterized Expectations, Neural Networks, and the Genetic Algorithm, GE, Growth, Math methods (1998) View citations (8) (1998)

1998

27. 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)

1996

28. Devaluación del Tipo de Cambio, Dolarización e Incertidumbre: Una Comparación entre Bolivia y Perú
    Revista Economía, 1996, (37-38), 67-92

1995

29. Monetary policy games with broad money targets a linear quadratic control analysis of the U.S. and Japan
    Journal of Economic Dynamics and Control, 1995, 19, (5-7), 1091-1111

1994

30. Japanese monetary policy: edited by Kenneth J. Singleton (University of Chicago Press, for the National Bureau of Economic Research, 1993), 195 pages
    Journal of Asian Economics, 1994, 5, (2), 291-294

1993

31. Financial liberalization and adjustment: The cases of Chile and New Zealand
    Journal of International Money and Finance, 1993, 12, (3), 249-277 View citations (3)
32. Money Demand during Hyperinflation and Stabilization: Bolivia, 1980-88
    Economic Inquiry, 1993, 31, (2), 262-73 View citations (6)

1992

33. Monetary Stabilization with Interest Rate Instruments in Japan: A Linear Quadratic Control Analysis
    Monetary and Economic Studies, 1992, 10, (2), 79-106 View citations (1)

1991

34. The macrodynamic and distributional effects debt swaps: a siumulation analysis of alternative conversion mechanisms
    Revista Brasileira de Economia - RBE, 1991, 45, (2)

1990

35. A diagnostic check for model specification: An application to the yen-dollar exchange rate
    Economics Letters, 1990, 33, (1), 69-73
36. Exchange controls and interest rate determination with traded and non-traded assets: the Irish-United Kingdom experience
    Journal of International Money and Finance, 1990, 9, (1), 41-59 View citations (12)

1989

37. Indexation and Inflationary Inertia: Brazil 1964-1985
    The World Bank Economic Review, 1989, 3, (3), 339-57 View citations (2)
38. The Pricing of Manufactured Goods during Trade Liberalization: Evidence from Chile, Israel, and Korea
    The Review of Economics and Statistics, 1989, 71, (3), 491-99 View citations (3)

1988

39. Indexation and Stabilization: Theory and Experience
    The World Bank Research Observer, 1988, 3, (2), 157-69
40. Inventory management and economic instability in high inflation economies: A macrodynamic simulation
    Journal of Policy Modeling, 1988, 10, (2), 229-247

1987

41. Discussion
    World Development, 1987, 15, (8), 1145-1145
42. Indexing, exchange rate policy and inflationary feedback effects in Latin America
    World Development, 1987, 15, (8), 1107-1117 View citations (7)

1982

43. Policy-Dependent Parameters in the Presence of Optimal Learning: An Application of Kalman Filtering to the Fair and Sargent Supply-Side Equations
    The Review of Economics and Statistics, 1982, 64, (2), 296-306 View citations (5)

1980

44. Irrepressible monetarist conclusions from a non-monetarist model
    Journal of Monetary Economics, 1980, 6, (1), 121-127
45. Time Series Evidence Bearing on Crude Theories of Regional Growth
    Land Economics, 1980, 56, (2), 238-248 View citations (6)

Books

2008

1. Computational Macroeconomics for the Open Economy, vol 1
   MIT Press Books, The MIT Press View citations (43)

2004

2. Neural Networks in Finance
   Elsevier Monographs, Elsevier View citations (16)

Chapters

2017

1. Macroeconomic Volatility Under High Accumulation of Government Debt: Lessons from Japan
   Springer
   See also Journal Article MACROECONOMIC VOLATILITY UNDER HIGH ACCUMULATION OF GOVERNMENT DEBT: LESSONS FROM JAPAN, World Scientific Publishing Co. Pte. Ltd. (2012) View citations (5) (2012)