Details about A. Patrick L. Minford

Homepage:	http://www.patrickminford.net/
Workplace:	Centre for Economic Policy Research (CEPR), (more information at EDIRC) Economics Section, Cardiff Business School, Cardiff University, (more information at EDIRC) Institute of Economic Affairs (IEA), (more information at EDIRC)

Access statistics for papers by A. Patrick L. Minford.

Last updated 2023-08-05. Update your information in the RePEc Author Service.

Short-id: pmi137

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Working Papers

2024

1. A note rebutting the recent Cambridge Econometrics assessment of Brexit on the UK and London economies- commissioned by London Mayor Khan
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
2. Does the Fiscal Theory of the Price Level explain US postwar behaviour?
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
3. Indirect Inference- a methodological essay on its role and applications
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section

2023

4. Bounded Rational Expectation: How It Can Affect the Effectiveness of Monetary Rules in the Open Economy
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (1)
   See also Journal Article Bounded rational expectation: How it can affect the effectiveness of monetary rules in the open economy, Journal of International Financial Markets, Institutions and Money, Elsevier (2023) View citations (1) (2023)
5. Chameleon models in economics: A note
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
6. Could an economy get stuck in a rational pessimism bubble? The case of Japan
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
7. How the short run effects of Brexit on trade, investment and GDP have been miscalculated in some recent work
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
8. Indirect Inference and Small Sample Bias - Some Recent Results
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
   See also Journal Article Indirect Inference and Small Sample Bias — Some Recent Results, Open Economies Review, Springer (2024) (2024)
9. Modelling the effects of Brexit on the British economy
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
   See also Journal Article Modeling the effects of Brexit on the British economy, Journal of Forecasting, John Wiley & Sons, Ltd. (2024) (2024)
10. On the determination of the real exchange rate in free markets: do consumer risk-pooling and uncovered interest parity differ and fit?
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
11. Testing for consumer risk-pooling in the open economy - further results
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
12. The role of fiscal policy -- a survey of recent empirical findings
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
13. UK Monetary Policy in An Estimated DSGE Model with State-Dependent Price and Wage Contracts
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (1)
14. UK monetary and fiscal policy since the Great Recession- an evaluation
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (1)
15. Where next for monetary policy? lessons from the financial crisis and the pandemic
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section

2022

16. A structural model of coronavirus behaviour: what do four waves of Covid tell us?
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    See also Journal Article A structural model of coronavirus behaviour: what do four waves of Covid tell us?, Applied Economics, Taylor & Francis Journals (2023) (2023)
17. Evaluation and Indirect Inference Estimation of Inattentive Features in a New Keynesian Framework
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    See also Journal Article Evaluation and indirect inference estimation of inattentive features in a New Keynesian framework, Journal of Forecasting, John Wiley & Sons, Ltd. (2023) (2023)
18. Modern Monetary Theory: the post-Crisis economy misunderstood?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2022)
19. Targeting moments for calibration compared with indirect inference
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
20. Why does Indirect Inference estimation produce less small sample bias than maximum likelihood? A note
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (1)

2021

21. Computable General Equilibrium Models of Trade in the Modern Trade Policy Debate
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (2)
    See also Journal Article Computable General Equilibrium Models of Trade in the Modern Trade Policy Debate, Open Economies Review, Springer (2022) View citations (2) (2022)
22. Does Inattentiveness Matter for DSGE Modelling? An Empirical Investigation
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    See also Journal Article Does inattentiveness matter for DSGE modeling? An empirical investigation, Economic Modelling, Elsevier (2023) View citations (3) (2023)
23. Estimating macro models and the potentially misleading nature of Bayesian estimation
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) View citations (2)
24. Free Trade under Brexit- why its benefits have been widely underestimated
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
25. Macroprudential Regulation in the Post-Crisis Era: Has the Pendulum Swung Too Far?
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (3)
    See also Journal Article Macroprudential regulation in the post-crisis era: Has the pendulum swung too far?, Journal of International Financial Markets, Institutions and Money, Elsevier (2021) View citations (3) (2021)
26. North and South: A Regional Model of the UK
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2020)
    See also Journal Article North and South: A Regional Model of the UK, Open Economies Review, Springer (2022) View citations (1) (2022)
27. Should Hong Kong switch to Taylor Rule? Evidence from DSGE Model
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    See also Journal Article Should Hong Kong switch to Taylor rule?—Evidence from DSGE model, Applied Economics, Taylor & Francis Journals (2022) (2022)
28. Testing competing world trade models against the facts of world trade
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    See also Journal Article Testing competing world trade models against the facts of world trade, Journal of International Money and Finance, Elsevier (2023) View citations (2) (2023)
29. The eurozone: what is to be done?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2021) View citations (1)

2020

30. A structural model of corona virus behaviour for testing on data behaviour
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    See also Journal Article A structural model of coronavirus behaviour for testing on data behaviour, Applied Economics, Taylor & Francis Journals (2021) View citations (3) (2021)
31. Is housing collateral important to the business cycle? Evidence from China
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (6)
    See also Journal Article Is housing collateral important to the business cycle? Evidence from China, Journal of International Money and Finance, Elsevier (2020) View citations (3) (2020)
32. Is there consumer risk-pooling in the open economy? The evidence reconsidered
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (1)
    See also Journal Article Is there Consumer Risk-Pooling in the Open Economy? The Evidence Reconsidered, Open Economies Review, Springer (2022) View citations (2) (2022)
33. State-dependent pricing turns money into a two-edged sword
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (5)

2019

34. Can a small New Keynesian model of the world economy with risk-pooling match the facts?
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    See also Journal Article Can a small New Keynesian model of the world economy with risk‐pooling match the facts?, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2021) View citations (1) (2021)
35. Post-Brexit Realism and international law: renegotiating a bad Withdrawal Agreement
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
36. The effects of Brexit on the UK economy
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (7)
    See also Journal Article The effects of Brexit on the UK economy, The World Economy, Wiley Blackwell (2019) View citations (7) (2019)

2018

37. A heterogeneous-agent model of growth and inequality for the UK
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
38. Financial stability: To Regulate or Not? A public choice inquiry
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (5)
    See also Journal Article Financial stability: To regulate or not? A public choice inquiry, Journal of International Financial Markets, Institutions and Money, Elsevier (2018) View citations (5) (2018)
39. How Important are International Financial Market Imperfections for Foreign Exchange Rate Dynamics: A Study of the Sterling Exchange Rate
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    See also Journal Article How important are the international financial market imperfections for the foreign exchange rate dynamics: A study of the sterling exchange rate, Journal of International Money and Finance, Elsevier (2019) View citations (5) (2019)
40. Oil and Commodities Drive the World Business Cycle: A Long-Commodity-Cycle Model of the World Economy Over a Century and a Half
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
41. Testing DSGE Models by indirect inference: a survey of recent findings
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (3)
    See also Journal Article Testing DSGE Models by Indirect Inference: a Survey of Recent Findings, Open Economies Review, Springer (2019) View citations (28) (2019)
42. The Role of Energy Prices in the Great Recession - A Two-Sector Model with Unfiltered Data
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (7)
    See also Journal Article The role of energy prices in the Great Recession — A two-sector model with unfiltered data, Energy Economics, Elsevier (2018) View citations (6) (2018)
43. The small sample properties of Indirect Inference in testing and estimating DSGE models
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (1)

2017

44. A note on news about the future: the impact on DSGE models and their VAR representation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2016) View citations (2)
45. Classical or Gravity? Which trade model best matches the UK facts?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2017) View citations (4)
    See also Journal Article Classical or Gravity? Which Trade Model Best Matches the UK Facts?, Open Economies Review, Springer (2018) View citations (10) (2018)
46. Comparing different data descriptors in Indirect Inference tests on DSGE models
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2016) View citations (12)
    See also Journal Article Comparing different data descriptors in Indirect Inference tests on DSGE models, Economics Letters, Elsevier (2016) View citations (13) (2016)
47. How Should News Shocks Be Specified Under Rational Expectations?
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
48. Resolving the Public Sector Wage Premium Puzzle by Indirect Inference
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    See also Journal Article Resolving the public-sector wage premium puzzle by indirect inference, Applied Economics, Taylor & Francis Journals (2020) View citations (1) (2020)
49. Testing part of a DSGE model by Indirect Inference
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2016)
    See also Journal Article Testing Part of a DSGE Model by Indirect Inference, Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford (2019) View citations (13) (2019)
50. What is the truth about DSGE models? Testing by indirect inference
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2016) View citations (2)

2016

51. The economics of unskilled immigration
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (1)
52. Understanding UK trade agreements with the EU and other countries
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (4)

2015

53. China s financial crisis the role of banks and monetary policy
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
54. Comparing Indirect Inference and Likelihood testing: asymptotic and small sample results
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2015) View citations (1)
55. Energy Business Cycles
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
56. Evaluating European trading arrangements
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (1)
57. Oil Prices and the Dynamics of Output and Real Exchange Rate
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
58. Small sample performance of indirect inference on DSGE models
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (3)
59. Testing macro models by indirect inference: a survey for users
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (22)
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2015) View citations (1)
    See also Journal Article Testing Macro Models by Indirect Inference: A Survey for Users, Open Economies Review, Springer (2016) View citations (67) (2016)

2014

60. A DSGE Model of China
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (4)
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2014) View citations (5)
    See also Journal Article A DSGE model of China, Applied Economics, Taylor & Francis Journals (2015) View citations (11) (2015)
61. Can the Learnability Criterion Ensure Determinacy in New Keynesian Models?
    Working Papers, Madras School of Economics,Chennai,India
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2012)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012)
    See also Journal Article Can the Learnability Criterion Ensure Determinacy in New Keynesian Models?, South Asian Journal of Macroeconomics and Public Finance (2015) (2015)
62. How good are out of sample forecasting Tests on DSGE models?
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014)
    See also Journal Article How Good are Out of Sample Forecasting Tests on DSGE Models?, Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer (2015) View citations (8) (2015)
63. Monetarism rides again? US monetary policy in a world of Quantitative Easing
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014)
    See also Journal Article Monetarism rides again? US monetary policy in a world of Quantitative Easing, Journal of International Financial Markets, Institutions and Money, Elsevier (2016) View citations (28) (2016)
64. Revisiting the Great Moderation: policy or luck?
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    See also Journal Article Revisiting the Great Moderation: Policy or Luck?, Open Economies Review, Springer (2015) View citations (5) (2015)
65. Stabilization policy, rational expectations and price-level versus infl?ation targeting: a survey
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2013) View citations (5)
    See also Journal Article STABILISATION POLICY, RATIONAL EXPECTATIONS AND PRICE-LEVEL VERSUS INFLATION TARGETING: A SURVEY, Journal of Economic Surveys, Wiley Blackwell (2016) View citations (20) (2016)
66. The role of Fiscal policy in Britain s Great Inflation
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014)
    See also Journal Article The role of fiscal policy in Britain's Great Inflation, Economic Modelling, Elsevier (2016) View citations (4) (2016)

2013

67. A Monte Carlo procedure for checking identification in DSGE models
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (9)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (9)
    See also Journal Article A Monte Carlo procedure for checking identification in DSGE models, Journal of Economic Dynamics and Control, Elsevier (2017) View citations (21) (2017)
68. Banking and the Macroeconomy in China: A Banking Crisis Deferred?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2013) View citations (14)
    See also Journal Article Banking and the Macroeconomy in China: A Banking Crisis Deferred?, Open Economies Review, Springer (2014) View citations (22) (2014)
69. Comparing Behavioural and Rational Expectations for the US Post-War Economy
    NBS Discussion Papers in Economics, Economics, Nottingham Business School, Nottingham Trent University
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2012) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (3)
    See also Journal Article Comparing behavioural and rational expectations for the US post-war economy, Economic Modelling, Elsevier (2014) View citations (19) (2014)
70. How important is the credit channel? An empirical study of the US banking crisis
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (1)
    See also Journal Article How important is the credit channel? An empirical study of the US banking crisis, Journal of Banking & Finance, Elsevier (2014) View citations (9) (2014)
71. The Fiscal Theory of the Price Level - identification and testing for the UK in the 1970s
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (3)
72. What causes banking crises? An empirical investigation
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (24)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (16)
73. What causes banking crises? An empirical investigation for the world economy
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (12)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (12)
    See also Journal Article What Causes Banking Crises? An Empirical Investigation for the World Economy, Open Economies Review, Springer (2013) View citations (12) (2013)

2012

74. Testing DSGE models by Indirect inference and other methods: some Monte Carlo experiments
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (29)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (36)
75. Testing macroeconomic models by indirect inference on unfiltered data
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (21)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (21)

2011

76. Can the Fiscal Theory of the price level explain UK inflation in the 1970s?
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (1)
77. Determinacy in New Keynesian models: a role for money after all?
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (12)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (6)
    See also Journal Article Determinacy in New Keynesian Models: A Role for Money after All?, International Finance, Wiley Blackwell (2011) View citations (5) (2011)
78. How much nominal rigidity is there in the US economy? Testing a New Keynesian DSGE Model using indirect inference
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (141)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009)
    See also Journal Article How much nominal rigidity is there in the US economy? Testing a new Keynesian DSGE model using indirect inference, Journal of Economic Dynamics and Control, Elsevier (2011) View citations (132) (2011)

2010

79. Can a Real Business Cycle Model without price and wage stickiness explain UK real exchange rate behaviour?
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (9)
    See also Journal Article Can a real business cycle model without price and wage stickiness explain UK real exchange rate behaviour?, Journal of International Money and Finance, Elsevier (2010) View citations (9) (2010)
80. Can the Facts of UK Inflation Persistence be Explained by Nominal Rigidity?
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (5)
    See also Journal Article Can the facts of UK inflation persistence be explained by nominal rigidity?, Economic Modelling, Elsevier (2009) View citations (19) (2009)
81. Some Problems in the Testing of DSGE Models
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2009)
82. Taylor Rule or Optimal Timeless Policy? Reconsidering the Fed's behaviour since 1982
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (1)
    See also Journal Article Taylor Rule or optimal timeless policy? Reconsidering the Fed's behavior since 1982, Economic Modelling, Elsevier (2013) View citations (5) (2013)
83. US Post-war Monetary Policy: What Caused the Great Moderation?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2010)
84. Why crises happen - nonstationary macroeconomics
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (10)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (10)

2009

85. Economic Policy: protectionism as an elite strategy
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (20)
86. Testing the Monetary Policy Rule in the US: a Reconsideration of the Fed?s Behaviour
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
87. The 'Puzzles' Methodology: en route to Indirect Inference?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis (2009) View citations (4)
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2009) View citations (3)
    See also Journal Article The 'Puzzles' methodology: En route to Indirect Inference?, Economic Modelling, Elsevier (2010) View citations (10) (2010)
88. The Banking Crisis - A Rational Interpretation
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (1)
    See also Journal Article The Banking Crisis: A Rational Interpretation, Political Studies Review, Political Studies Association (2010) View citations (2) (2010)
89. Two Orthogonal Continents: Testing a Two-country DSGE Model of the US and EU Using Indirect Inference
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (10)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (12)
    See also Journal Article Two Orthogonal Continents? Testing a Two-country DSGE Model of the US and the EU Using Indirect Inference, Open Economies Review, Springer (2010) View citations (16) (2010)
90. Vicious and virtuous circles--The political economy of unemployment
    Working Papers, University of Pretoria, Department of Economics
    Also in Keele Economics Research Papers, Centre for Economic Research, Keele University (2006)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (7)
    See also Journal Article VICIOUS AND VIRTUOUS CIRCLES – THE POLITICAL ECONOMY OF UNEMPLOYMENT, South African Journal of Economics, Economic Society of South Africa (2010) View citations (3) (2010)

2008

91. Are Central Bank Preferences Asymmetric? A Comment
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (7)
    See also Journal Article Are Central Bank Preferences Asymmetric? A Comment, Economic Notes, Banca Monte dei Paschi di Siena SpA (2008) View citations (7) (2008)
92. Calvo Contracts - Optimal Indexation in General Equilibrium
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (1)
93. Commentary on Economic Projections and Rules of Thumb for Monetary Policy (by Athanasios Orphanides and Volker Wieland)
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (2)
94. Real Exchange Rate Overshooting in Real Business Cycle Model - An Empirical Evidence From India
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
95. Testing a DSGE Model of the EU Using Indirect Inference
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis (2008) View citations (3)
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2008) View citations (5)
    CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis (2008) View citations (1)
    See also Journal Article Testing a DSGE Model of the EU Using Indirect Inference, Open Economies Review, Springer (2009) View citations (15) (2009)
96. Testing a Model of the UK by the Method of Indirect Inference
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2008) View citations (7)
    See also Journal Article Testing a Model of the UK by the Method of Indirect Inference, Open Economies Review, Springer (2009) View citations (17) (2009)
97. Vicious and Virtuous Circles - The Political Economy of Unemployment in Interwar UK and USA
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2006) View citations (1)
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2006) View citations (1)
    Keele Economics Research Papers, Centre for Economic Research, Keele University (2006)
    See also Journal Article Vicious and virtuous circles -- The political economy of unemployment in interwar UK and USA, European Journal of Political Economy, Elsevier (2008) View citations (4) (2008)

2007

98. An Endogenous Taylor Condition in an Endogenous Growth Monetary Policy Model
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (6)
99. Are the facts of UK inflation persistence to be explained by nominal rigidity or changes in monetary regime?
    WEF Working Papers, ESRC World Economy and Finance Research Programme, Birkbeck, University of London
100. Growth and relative living standards - testing Barriers to Riches on post-war panel data
     Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (4)
     Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (4)
101. Optimising Indexation Arrangements under Calvo Contracts and their Implications for Monetary Policy
     CEPR Discussion Papers, C.E.P.R. Discussion Papers
     Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2007)

2006

102. Joining the European Monetary Union - Comparing First and Second Generation Open Economy Models
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
     See also Journal Article Joining the European Monetary Union—Comparing First and Second Generation Open Economy Models, Open Economies Review, Springer (2006) View citations (8) (2006)
103. Monetary Regimes: Is There a Trade-Off Between Consumption and Employment Variability?
     CEPR Discussion Papers, C.E.P.R. Discussion Papers
     Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2006)
104. On the Equality of Real Interest Rates Across Borders in Integrated Capital Markets
     CEPR Discussion Papers, C.E.P.R. Discussion Papers
     Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2005)
     See also Journal Article On the Equality of Real Interest Rates Across Borders in Integrated Capital Markets, Open Economies Review, Springer (2007) View citations (3) (2007)
105. Partial Current Information and Signal Extraction in a Rational Expectations Macroeconomic Model: A Computational Solution
     Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
     See also Journal Article Partial current information and signal extraction in a rational expectations macroeconomic model: A computational solution, Economic Modelling, Elsevier (2008) View citations (4) (2008)
106. Simulating Stock Returns Under Switching Regimes - A New Test of Market Efficiency
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
     Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2006)
     See also Journal Article Simulating stock returns under switching regimes - A new test of market efficiency, Economics Letters, Elsevier (2007) View citations (5) (2007)
107. Testing a Simple Structural Model of Endogenous Growth
     CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis View citations (2)
108. The political economy of unemployment and threshold effects. A nonlinear time series approach
     Keele Economics Research Papers, Centre for Economic Research, Keele University
109. UK Inflation Persistence: Policy or Nature?
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)

2005

110. Explaining The Equity Risk Premium
     CEPR Discussion Papers, C.E.P.R. Discussion Papers
     See also Journal Article EXPLAINING THE EQUITY RISK PREMIUM*, Manchester School, University of Manchester (2006) View citations (2) (2006)
111. Opportunistic Monetary Policy: an Alternative Rationalization
     Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (1)
     See also Journal Article Opportunistic monetary policy: An alternative rationalization, Journal of Economics and Business, Elsevier (2006) View citations (6) (2006)
112. Real Exchange Rate Overshooting RBC Style
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
113. Would price-level targeting destabilise the economy?
     Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section

2004

114. An Open Economy Real Business Cycle Model for the UK
     Money Macro and Finance (MMF) Research Group Conference 2004, Money Macro and Finance Research Group View citations (1)
115. Calvo Contracts: A Critique
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
116. MONETARISM
     Working Papers, University of California, Davis, Department of Economics
     Also in Department of Economics, California Davis - Department of Economics (1995)
     Working Papers, California Davis - Institute of Governmental Affairs (1995)
     See also Journal Article Monetarism, World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE (2004) (2004)
117. The A W Phillips memorial lecture to the New Zealand Association of Economists: Monetary Policy – should it move onto a price level target?
     Macroeconomics, University Library of Munich, Germany View citations (4)

2003

118. Understanding the Opportunistic Approach to Disinflation
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)

2002

119. Exploitability as a Specification Test of the Phillips Curve
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
120. Joining the Euro - the Macro Effects on the UK Economy
     CEPR Discussion Papers, C.E.P.R. Discussion Papers
121. The Observational Equivalence of Taylor Rule and Taylor-type Rules
     Royal Economic Society Annual Conference 2002, Royal Economic Society View citations (3)
     Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (8)

2000

122. Fiscal Devolution in a Small Open Regional Economy
     Regional and Urban Modeling, EcoMod
123. Optimal Monetary Policy with Endogenous Contracts: Should we Return to a Commodity Standard?
     CEPR Discussion Papers, C.E.P.R. Discussion Papers

1999

124. Nominal Contracts and Monetary Targets
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)

1997

125. Nominal Contracts as Behaviour Towards Risk
     CEPR Discussion Papers, C.E.P.R. Discussion Papers

1995

126. The Elixir of Growth: Trade, Non-Traded Goods and Development
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)

1993

127. Other People's Money: The Microfoundations of Optimal Currency Areas
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
128. The Political Economy of the Exchange Rate Mechanism
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
     See also Journal Article The political economy of the Exchange Rate Mechanism, Open Economies Review, Springer (1994) View citations (1) (1994)
129. Time-inconsistency, Democracy and Optimal Contingent Rules
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
     See also Journal Article Time-Inconsistency, Democracy, and Optimal Contingent Rules, Oxford Economic Papers, Oxford University Press (1995) View citations (12) (1995)

1992

130. The Price of EMU Revisited
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)

1991

131. The European Monetary System: Achievements and Survival
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)

1988

132. A Labour-Based Theory of International Trade
     CEPR Discussion Papers, C.E.P.R. Discussion Papers
133. A Political Model of Credibility
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
134. The Poverty Trap and the Laffer Curve: What Can the GHS Tell Us?
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
     See also Journal Article The Poverty Trap and the Laffer Curve--What Can the GHS Tell Us?, Oxford Economic Papers, Oxford University Press (1991) View citations (5) (1991)
135. Wages and Unemployment Half a Century on
     CEPR Discussion Papers, C.E.P.R. Discussion Papers

1987

136. Policy Interdependence: Does Strategic Behaviour Pay? An Empirical Investigation Using the Liverpool World Model
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
137. The Effects of Housing Distortions on Unemployment
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
     See also Journal Article The Effects of Housing Distortions on Unemployment, Oxford Economic Papers, Oxford University Press (1988) View citations (6) (1988)

1986

138. Germany and the European Disease
     Discussion Papers (REL - Recherches Economiques de Louvain), Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) View citations (1)
     Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1986)
     See also Chapter Germany and the European Disease, Palgrave Macmillan Books, Palgrave Macmillan (1989) View citations (1) (1989)
139. Rational Expectations and Monetary Policy
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
     See also Journal Article Rational Expectations and Monetary Policy, Scottish Journal of Political Economy, Scottish Economic Society (1986) View citations (1) (1986)
140. When International Policy Coordination Matters: An Empirical Analysis
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)

1985

141. Interest Rates and Bond-Financed Deficits in a Ricardian Two-Party Democracy
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)

1984

142. The Effects of American Policies - A New Classical Interpretation
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
     See also Chapter The Effects of American Policies–A New Classical Interpretation, NBER Chapters, National Bureau of Economic Research, Inc (1985) View citations (1) (1985)

Journal Articles

2024

1. Indirect Inference and Small Sample Bias — Some Recent Results
   Open Economies Review, 2024, 35, (2), 245-259
   See also Working Paper Indirect Inference and Small Sample Bias - Some Recent Results, Cardiff Economics Working Papers (2023) (2023)
2. Modeling the effects of Brexit on the British economy
   Journal of Forecasting, 2024, 43, (4), 1114-1126
   See also Working Paper Modelling the effects of Brexit on the British economy, Cardiff Economics Working Papers (2023) (2023)

2023

3. A structural model of coronavirus behaviour: what do four waves of Covid tell us?
   Applied Economics, 2023, 55, (37), 4348-4358
   See also Working Paper A structural model of coronavirus behaviour: what do four waves of Covid tell us?, Cardiff Economics Working Papers (2022) (2022)
4. Bounded rational expectation: How it can affect the effectiveness of monetary rules in the open economy
   Journal of International Financial Markets, Institutions and Money, 2023, 88, (C) View citations (1)
   See also Working Paper Bounded Rational Expectation: How It Can Affect the Effectiveness of Monetary Rules in the Open Economy, Cardiff Economics Working Papers (2023) View citations (1) (2023)
5. Does inattentiveness matter for DSGE modeling? An empirical investigation
   Economic Modelling, 2023, 118, (C) View citations (3)
   See also Working Paper Does Inattentiveness Matter for DSGE Modelling? An Empirical Investigation, Cardiff Economics Working Papers (2021) (2021)
6. Evaluation and indirect inference estimation of inattentive features in a New Keynesian framework
   Journal of Forecasting, 2023, 42, (3), 530-542
   See also Working Paper Evaluation and Indirect Inference Estimation of Inattentive Features in a New Keynesian Framework, Cardiff Economics Working Papers (2022) (2022)
7. Global Shocks in the US Economy: Effects on Output and the Real Exchange Rate
   Open Economies Review, 2023, 34, (2), 411-435
8. Testing competing world trade models against the facts of world trade
   Journal of International Money and Finance, 2023, 138, (C) View citations (2)
   See also Working Paper Testing competing world trade models against the facts of world trade, Cardiff Economics Working Papers (2021) (2021)
9. UK monetary policy in an estimated DSGE model with financial frictions
   Journal of International Money and Finance, 2023, 130, (C) View citations (2)

2022

10. Computable General Equilibrium Models of Trade in the Modern Trade Policy Debate
    Open Economies Review, 2022, 33, (2), 271-309 View citations (2)
    See also Working Paper Computable General Equilibrium Models of Trade in the Modern Trade Policy Debate, Cardiff Economics Working Papers (2021) View citations (2) (2021)
11. Is there Consumer Risk-Pooling in the Open Economy? The Evidence Reconsidered
    Open Economies Review, 2022, 33, (1), 109-120 View citations (2)
    See also Working Paper Is there consumer risk-pooling in the open economy? The evidence reconsidered, Cardiff Economics Working Papers (2020) (2020)
12. North and South: A Regional Model of the UK
    Open Economies Review, 2022, 33, (3), 565-616 View citations (1)
    See also Working Paper North and South: A Regional Model of the UK, CEPR Discussion Papers (2021) (2021)
13. Regulatory arbitrage, shadow banking and monetary policy in China
    Journal of International Financial Markets, Institutions and Money, 2022, 80, (C) View citations (2)
14. Should Hong Kong switch to Taylor rule?—Evidence from DSGE model
    Applied Economics, 2022, 54, (50), 5851-5872
    See also Working Paper Should Hong Kong switch to Taylor Rule? Evidence from DSGE Model, Cardiff Economics Working Papers (2021) (2021)
15. The Macroeconomic Controversy Over Price Rigidity — How to Resolve it and How Bayesian Estimation has Led us Astray
    Open Economies Review, 2022, 33, (4), 617-630 View citations (4)
16. The eurozone: What is to be done to maintain macro and financial stability?
    Journal of Financial Stability, 2022, 63, (C) View citations (5)

2021

17. A structural model of coronavirus behaviour for testing on data behaviour
    Applied Economics, 2021, 53, (30), 3515-3534 View citations (3)
    See also Working Paper A structural model of corona virus behaviour for testing on data behaviour, Cardiff Economics Working Papers (2020) (2020)
18. Can a small New Keynesian model of the world economy with risk‐pooling match the facts?
    International Journal of Finance & Economics, 2021, 26, (2), 1993-2021 View citations (1)
    See also Working Paper Can a small New Keynesian model of the world economy with risk-pooling match the facts?, Cardiff Economics Working Papers (2019) (2019)
19. China’s market economy, shadow banking and the frequency of growth slowdown
    Manchester School, 2021, 89, (5), 420-444 View citations (2)
20. Inequality and Economic Growth in the UK
    Open Economies Review, 2021, 32, (1), 37-69 View citations (5)
21. Macroprudential regulation in the post-crisis era: Has the pendulum swung too far?
    Journal of International Financial Markets, Institutions and Money, 2021, 74, (C) View citations (3)
    See also Working Paper Macroprudential Regulation in the Post-Crisis Era: Has the Pendulum Swung Too Far?, Cardiff Economics Working Papers (2021) View citations (3) (2021)
22. Shadow banks, banking policies and China’s macroeconomic fluctuations
    Journal of International Money and Finance, 2021, 116, (C) View citations (2)
23. State-dependent pricing turns money into a two-edged sword: A new role for monetary policy
    Journal of International Money and Finance, 2021, 119, (C) View citations (5)

2020

24. Is housing collateral important to the business cycle? Evidence from China
    Journal of International Money and Finance, 2020, 109, (C) View citations (3)
    See also Working Paper Is housing collateral important to the business cycle? Evidence from China, Cardiff Economics Working Papers (2020) View citations (6) (2020)
25. News and why it is not shocking: The role of micro-foundations
    Journal of International Financial Markets, Institutions and Money, 2020, 66, (C) View citations (2)
26. Resolving the public-sector wage premium puzzle by indirect inference
    Applied Economics, 2020, 52, (7), 726-741 View citations (1)
    See also Working Paper Resolving the Public Sector Wage Premium Puzzle by Indirect Inference, Cardiff Economics Working Papers (2017) (2017)

2019

27. A long-commodity-cycle model of the world economy over a century and a half — Making bricks with little straw
    Energy Economics, 2019, 81, (C), 503-518 View citations (2)
28. How Britain Will React to a WTO-Based Brexit
    The Economists' Voice, 2019, 16, (1), 5
29. How important are the international financial market imperfections for the foreign exchange rate dynamics: A study of the sterling exchange rate
    Journal of International Money and Finance, 2019, 94, (C), 62-80 View citations (5)
    See also Working Paper How Important are International Financial Market Imperfections for Foreign Exchange Rate Dynamics: A Study of the Sterling Exchange Rate, Cardiff Economics Working Papers (2018) (2018)
30. Testing DSGE Models by Indirect Inference: a Survey of Recent Findings
    Open Economies Review, 2019, 30, (3), 593-620 View citations (28)
    See also Working Paper Testing DSGE Models by indirect inference: a survey of recent findings, Cardiff Economics Working Papers (2018) View citations (3) (2018)
31. Testing Part of a DSGE Model by Indirect Inference
    Oxford Bulletin of Economics and Statistics, 2019, 81, (1), 178-194 View citations (13)
    See also Working Paper Testing part of a DSGE model by Indirect Inference, CEPR Discussion Papers (2017) (2017)
32. The effects of Brexit on the UK economy
    The World Economy, 2019, 42, (1), 57-67 View citations (7)
    See also Working Paper The effects of Brexit on the UK economy, Cardiff Economics Working Papers (2019) View citations (7) (2019)

2018

33. Classical or Gravity? Which Trade Model Best Matches the UK Facts?
    Open Economies Review, 2018, 29, (3), 579-611 View citations (10)
    See also Working Paper Classical or Gravity? Which trade model best matches the UK facts?, CEPR Discussion Papers (2017) View citations (4) (2017)
34. Financial stability: To regulate or not? A public choice inquiry
    Journal of International Financial Markets, Institutions and Money, 2018, 57, (C), 127-140 View citations (5)
    See also Working Paper Financial stability: To Regulate or Not? A public choice inquiry, Cardiff Economics Working Papers (2018) View citations (5) (2018)
35. The role of energy prices in the Great Recession — A two-sector model with unfiltered data
    Energy Economics, 2018, 71, (C), 14-34 View citations (6)
    See also Working Paper The Role of Energy Prices in the Great Recession - A Two-Sector Model with Unfiltered Data, Cardiff Economics Working Papers (2018) View citations (7) (2018)

2017

36. A Monte Carlo procedure for checking identification in DSGE models
    Journal of Economic Dynamics and Control, 2017, 76, (C), 202-210 View citations (21)
    See also Working Paper A Monte Carlo procedure for checking identification in DSGE models, Cardiff Economics Working Papers (2013) View citations (9) (2013)
37. The Prospects for Brexit: Two Views
    Economic Affairs, 2017, 37, (3), 422-427
38. Tracing the causes of the banking crisis
    Applied Economics, 2017, 49, (43), 4351-4362
39. Who provides the capital for Chinese growth: the public or the private sector?
    Applied Economics, 2017, 49, (23), 2238-2252 View citations (1)

2016

40. Comparing different data descriptors in Indirect Inference tests on DSGE models
    Economics Letters, 2016, 145, (C), 157-161 View citations (13)
    See also Working Paper Comparing different data descriptors in Indirect Inference tests on DSGE models, CEPR Discussion Papers (2017) View citations (1) (2017)
41. Monetarism rides again? US monetary policy in a world of Quantitative Easing
    Journal of International Financial Markets, Institutions and Money, 2016, 44, (C), 85-102 View citations (28)
    See also Working Paper Monetarism rides again? US monetary policy in a world of Quantitative Easing, Cardiff Economics Working Papers (2014) (2014)
42. STABILISATION POLICY, RATIONAL EXPECTATIONS AND PRICE-LEVEL VERSUS INFLATION TARGETING: A SURVEY
    Journal of Economic Surveys, 2016, 30, (2), 327-355 View citations (20)
    See also Working Paper Stabilization policy, rational expectations and price-level versus infl?ation targeting: a survey, CEPR Discussion Papers (2014) View citations (12) (2014)
43. Testing Macro Models by Indirect Inference: A Survey for Users
    Open Economies Review, 2016, 27, (1), 1-38 View citations (67)
    See also Working Paper Testing macro models by indirect inference: a survey for users, CEPR Discussion Papers (2015) View citations (22) (2015)
44. Testing Macro Models for Policy Use—An Insurrection in Applied Modelling
    Manchester School, 2016, 84, (S1), 42-55 View citations (1)
45. The role of fiscal policy in Britain's Great Inflation
    Economic Modelling, 2016, 58, (C), 203-218 View citations (4)
    See also Working Paper The role of Fiscal policy in Britain s Great Inflation, Cardiff Economics Working Papers (2014) (2014)

2015

46. A DSGE model of China
    Applied Economics, 2015, 47, (59), 6438-6460 View citations (11)
    See also Working Paper A DSGE Model of China, CEPR Discussion Papers (2014) View citations (4) (2014)
47. Can the Learnability Criterion Ensure Determinacy in New Keynesian Models?
    South Asian Journal of Macroeconomics and Public Finance, 2015, 4, (1), 43-61
    See also Working Paper Can the Learnability Criterion Ensure Determinacy in New Keynesian Models?, Working Papers (2014) (2014)
48. How Good are Out of Sample Forecasting Tests on DSGE Models?
    Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, 2015, 1, (3), 333-351 View citations (8)
    See also Working Paper How good are out of sample forecasting Tests on DSGE models?, Cardiff Economics Working Papers (2014) (2014)
49. Revisiting the Great Moderation: Policy or Luck?
    Open Economies Review, 2015, 26, (2), 197-223 View citations (5)
    See also Working Paper Revisiting the Great Moderation: policy or luck?, Cardiff Economics Working Papers (2014) (2014)

2014

50. Banking and the Macroeconomy in China: A Banking Crisis Deferred?
    Open Economies Review, 2014, 25, (1), 123-161 View citations (22)
    See also Working Paper Banking and the Macroeconomy in China: A Banking Crisis Deferred?, CEPR Discussion Papers (2013) (2013)
51. Comparing behavioural and rational expectations for the US post-war economy
    Economic Modelling, 2014, 43, (C), 407-415 View citations (19)
    See also Working Paper Comparing Behavioural and Rational Expectations for the US Post-War Economy, NBS Discussion Papers in Economics (2013) (2013)
52. How important is the credit channel? An empirical study of the US banking crisis
    Journal of Banking & Finance, 2014, 41, (C), 119-134 View citations (9)
    See also Working Paper How important is the credit channel? An empirical study of the US banking crisis, Cardiff Economics Working Papers (2013) (2013)

2013

53. Taylor Rule or optimal timeless policy? Reconsidering the Fed's behavior since 1982
    Economic Modelling, 2013, 32, (C), 113-123 View citations (5)
    See also Working Paper Taylor Rule or Optimal Timeless Policy? Reconsidering the Fed's behaviour since 1982, Cardiff Economics Working Papers (2010) View citations (1) (2010)
54. What Causes Banking Crises? An Empirical Investigation for the World Economy
    Open Economies Review, 2013, 24, (4), 581-611 View citations (12)
    See also Working Paper What causes banking crises? An empirical investigation for the world economy, Cardiff Economics Working Papers (2013) View citations (12) (2013)

2012

55. Non Stationary Shocks, Crises and Policy
    Rivista italiana degli economisti, 2012, (2), 191-224

2011

56. Determinacy in New Keynesian Models: A Role for Money after All?
    International Finance, 2011, 14, (2), 211-229 View citations (5)
    See also Working Paper Determinacy in New Keynesian models: a role for money after all?, Cardiff Economics Working Papers (2011) View citations (12) (2011)
57. How much nominal rigidity is there in the US economy? Testing a new Keynesian DSGE model using indirect inference
    Journal of Economic Dynamics and Control, 2011, 35, (12), 2078-2104 View citations (132)
    See also Working Paper How much nominal rigidity is there in the US economy? Testing a New Keynesian DSGE Model using indirect inference, Cardiff Economics Working Papers (2011) View citations (141) (2011)
58. Ruling out unstable equilibria in New Keynesian models
    Economics Letters, 2011, 112, (3), 247-249 View citations (4)
59. Taylor, Lance: Maynard’s revenge. The collapse of free market macroeconomics
    Journal of Economics, 2011, 103, (3), 289-291

2010

60. Can a real business cycle model without price and wage stickiness explain UK real exchange rate behaviour?
    Journal of International Money and Finance, 2010, 29, (6), 1131-1150 View citations (9)
    See also Working Paper Can a Real Business Cycle Model without price and wage stickiness explain UK real exchange rate behaviour?, Cardiff Economics Working Papers (2010) View citations (9) (2010)
61. Special Issue on Open Economy Models
    Open Economies Review, 2010, 21, (1), 1-1
62. The 'Puzzles' methodology: En route to Indirect Inference?
    Economic Modelling, 2010, 27, (6), 1417-1428 View citations (10)
    See also Working Paper The 'Puzzles' Methodology: en route to Indirect Inference?, CEPR Discussion Papers (2009) View citations (1) (2009)
63. The Banking Crisis as Dynamic Stochastic General Equilibrium
    CESifo Economic Studies, 2010, 56, (4), 554-574 View citations (3)
64. The Banking Crisis: A Rational Interpretation
    Political Studies Review, 2010, 8, (1), 40-54 View citations (2)
    See also Working Paper The Banking Crisis - A Rational Interpretation, Cardiff Economics Working Papers (2009) View citations (1) (2009)
65. Two Orthogonal Continents? Testing a Two-country DSGE Model of the US and the EU Using Indirect Inference
    Open Economies Review, 2010, 21, (1), 23-44 View citations (16)
    See also Working Paper Two Orthogonal Continents: Testing a Two-country DSGE Model of the US and EU Using Indirect Inference, Cardiff Economics Working Papers (2009) View citations (10) (2009)
66. VICIOUS AND VIRTUOUS CIRCLES – THE POLITICAL ECONOMY OF UNEMPLOYMENT
    South African Journal of Economics, 2010, 78, (1), 1-22 View citations (3)
    See also Working Paper Vicious and virtuous circles--The political economy of unemployment, Working Papers (2009) (2009)

2009

67. Can the facts of UK inflation persistence be explained by nominal rigidity?
    Economic Modelling, 2009, 26, (5), 978-992 View citations (19)
    See also Working Paper Can the Facts of UK Inflation Persistence be Explained by Nominal Rigidity?, Cardiff Economics Working Papers (2010) View citations (2) (2010)
68. MONETARY POLICY AND THE CREDIT CRUNCH
    Economic Affairs, 2009, 29, (1), 89-91
69. Testing a DSGE Model of the EU Using Indirect Inference
    Open Economies Review, 2009, 20, (4), 435-471 View citations (15)
    See also Working Paper Testing a DSGE Model of the EU Using Indirect Inference, CEPR Discussion Papers (2008) View citations (5) (2008)
70. Testing a Model of the UK by the Method of Indirect Inference
    Open Economies Review, 2009, 20, (2), 265-291 View citations (17)
    See also Working Paper Testing a Model of the UK by the Method of Indirect Inference, CEPR Discussion Papers (2008) View citations (4) (2008)

2008

71. Are Central Bank Preferences Asymmetric? A Comment
    Economic Notes, 2008, 37, (1), 119-126 View citations (7)
    See also Working Paper Are Central Bank Preferences Asymmetric? A Comment, Cardiff Economics Working Papers (2008) View citations (7) (2008)
72. Commentary on \\"Economic projections and rules of thumb for monetary policy \\"
    Review, 2008, 90, (Jul), 331-338 View citations (6)
73. Partial current information and signal extraction in a rational expectations macroeconomic model: A computational solution
    Economic Modelling, 2008, 25, (2), 255-273 View citations (4)
    See also Working Paper Partial Current Information and Signal Extraction in a Rational Expectations Macroeconomic Model: A Computational Solution, Cardiff Economics Working Papers (2006) (2006)
74. Vicious and virtuous circles -- The political economy of unemployment in interwar UK and USA
    European Journal of Political Economy, 2008, 24, (3), 605-614 View citations (4)
    See also Working Paper Vicious and Virtuous Circles - The Political Economy of Unemployment in Interwar UK and USA, CEPR Discussion Papers (2008) View citations (5) (2008)
75. Why the United Kingdom Should Not Join the Eurozone
    International Finance, 2008, 11, (3), 283-295 View citations (3)

2007

76. Care sunt modelele şi politicile potrivite într-un context global cu inflaţie scăzută?
    Revista OEconomica, 2007, (01)
77. On the Equality of Real Interest Rates Across Borders in Integrated Capital Markets
    Open Economies Review, 2007, 18, (1), 119-125 View citations (3)
    See also Working Paper On the Equality of Real Interest Rates Across Borders in Integrated Capital Markets, CEPR Discussion Papers (2006) (2006)
78. Simulating stock returns under switching regimes - A new test of market efficiency
    Economics Letters, 2007, 94, (2), 235-239 View citations (5)
    See also Working Paper Simulating Stock Returns Under Switching Regimes - A New Test of Market Efficiency, CEPR Discussion Papers (2006) View citations (2) (2006)

2006

79. Competitiveness in a globalised world: a commentary
    Journal of International Business Studies, 2006, 37, (2), 176-178
80. EXPLAINING THE EQUITY RISK PREMIUM*
    Manchester School, 2006, 74, (6), 670-700 View citations (2)
    See also Working Paper Explaining The Equity Risk Premium, CEPR Discussion Papers (2005) (2005)
81. Joining the European Monetary Union—Comparing First and Second Generation Open Economy Models
    Open Economies Review, 2006, 17, (3), 281-296 View citations (8)
    See also Working Paper Joining the European Monetary Union - Comparing First and Second Generation Open Economy Models, CEPR Discussion Papers (2006) View citations (8) (2006)
82. Measuring the Economic Costs and Benefits of the EU
    Open Economies Review, 2006, 17, (4), 509-524
83. Opportunistic monetary policy: An alternative rationalization
    Journal of Economics and Business, 2006, 58, (5-6), 366-372 View citations (6)
    See also Working Paper Opportunistic Monetary Policy: an Alternative Rationalization, Cardiff Economics Working Papers (2005) View citations (1) (2005)
84. What are the Right Models and Policies for a World of Low Inflation?
    National Institute Economic Review, 2006, 196, (1), 92-106 View citations (5)
    Also in National Institute Economic Review, 2006, 196, 92-106 (2006)

2005

85. Estimating large rational expectations models by FIML--some experiments using a new algorithm with bootstrap confidence limits
    Economic Modelling, 2005, 22, (1), 187-205 View citations (11)

2004

86. Britain and EMU: Assessing the Costs in Macroeconomic Variability
    The World Economy, 2004, 27, (3), 301-358 View citations (8)
87. Britain, the Euro, and the Five Tests
    Cato Journal, 2004, 24, (1-2), 75-87 View citations (1)
88. Monetarism
    World Economics, 2004, 5, (2), 147-185
    See also Working Paper MONETARISM, Working Papers (2004) (2004)

2003

89. How Different are Money Supply Rules from Taylor Rules?
    Indian Economic Review, 2003, 38, (2), 157-166 View citations (7)
90. Nominal Contracting and Monetary Targets -- Drifting into Indexation
    Economic Journal, 2003, 113, (484), 65-100 View citations (19)
91. Optimal monetary policy: is price‐level targeting the next step?
    Scottish Journal of Political Economy, 2003, 50, (5), 650-667 View citations (9)

2002

92. Are interest rate regressions evidence for a Taylor rule?
    Economics Letters, 2002, 76, (1), 145-150 View citations (36)
93. Couts et avantages de l'UEM pour le Royaume-Uni, le "cinquieme test"
    Economie Internationale, 2002, (91), 115-143

1999

94. Trade, technology and labour markets in the world economy, 1970-90: A computable general equilibrium analysis-corrigendum and addendum
    Journal of Development Studies, 1999, 35, (6), 153-155

1997

95. Growth, Employment and Economic Reform Lessons for South Africa
    South African Journal of Economics, 1997, 65, (4), 202-213 View citations (1)
96. Trade, technology and labour markets in the world economy, 1970-90: A computable general equilibrium analysis
    Journal of Development Studies, 1997, 34, (2), 1-34 View citations (10)

1996

97. FREE TRADE AND LONG WAGES – STILL IN THE GENERAL INTEREST
    Journal des Economistes et des Etudes Humaines, 1996, 7, (1), 123-130
    Also in Journal des Economistes et des Etudes Humaines, 1996, 7, (1), 1-8 (1996)
98. On Comparing Macroeconomic Models Using Forecast Encompassing Tests
    Oxford Bulletin of Economics and Statistics, 1996, 58, (2), 279-305 View citations (20)

1995

99. Other people's money: Cash-in-advance microfoundations for optimal currency areas
    Journal of International Money and Finance, 1995, 14, (3), 427-440 View citations (8)
100. Time-Inconsistency, Democracy, and Optimal Contingent Rules
     Oxford Economic Papers, 1995, 47, (2), 195-210 View citations (12)
     See also Working Paper Time-inconsistency, Democracy and Optimal Contingent Rules, CEPR Discussion Papers (1993) View citations (5) (1993)

1994

101. An algorithm for the solution of non-linear forward rational expectations models with current partial information
     Economic Modelling, 1994, 11, (3), 351-358 View citations (4)
102. The political economy of the Exchange Rate Mechanism
     Open Economies Review, 1994, 5, (3), 235-247 View citations (1)
     See also Working Paper The Political Economy of the Exchange Rate Mechanism, CEPR Discussion Papers (1993) View citations (1) (1993)

1993

103. Has Labour Market Economics Achieved a Synthesis? Review Article
     Economic Journal, 1993, 103, (419), 1050-56 View citations (1)
104. The Path to Monetary Union in Europe
     The World Economy, 1993, 16, (1), 17-27 View citations (3)

1991

105. Effects in the UK of EC Wage Proposals in the Social Charter
     International Journal of Manpower, 1991, 12, (2), 20-23
106. The Poverty Trap and the Laffer Curve--What Can the GHS Tell Us?
     Oxford Economic Papers, 1991, 43, (2), 245-79 View citations (5)
     See also Working Paper The Poverty Trap and the Laffer Curve: What Can the GHS Tell Us?, CEPR Discussion Papers (1988) View citations (1) (1988)

1990

107. Inflation and Monetary Policy
     Oxford Review of Economic Policy, 1990, 6, (4), 62-76
108. Monetary imperfection, regulation, and discretion: A review essay
     Journal of Monetary Economics, 1990, 26, (2), 319-325
109. Target zones and exchange rate management: A stability analysis of the European Monetary System
     Open Economies Review, 1990, 1, (2), 175-200 View citations (2)

1989

110. Housing, Wages and UK Labour Markets: Comments
     Oxford Bulletin of Economics and Statistics, 1989, 51, (2), 150-53
111. Modelling the role of government deficits in developing countries
     Economic Modelling, 1989, 6, (2), 106-173 View citations (2)

1988

112. Outlook after the Budget
     Fiscal Studies, 1988, 9, (2), 30-37
113. The Effects of Housing Distortions on Unemployment
     Oxford Economic Papers, 1988, 40, (2), 322-45 View citations (6)
     See also Working Paper The Effects of Housing Distortions on Unemployment, CEPR Discussion Papers (1987) View citations (1) (1987)

1986

114. A new classical econometric model of the world economy
     Economic Modelling, 1986, 3, (3), 154-174 View citations (16)
115. Getting and Spending in a Democracy
     The World Economy, 1986, 9, (2), 215-216
116. Rational Expectations and Monetary Policy
     Scottish Journal of Political Economy, 1986, 33, (4), 317-33 View citations (1)
     See also Working Paper Rational Expectations and Monetary Policy, CEPR Discussion Papers (1986) View citations (2) (1986)

1985

117. Review Article: Demand Management — An Obituary
     Journal of Economic Studies, 1985, 12, (3), 61-65
118. Unemployment and Real Wages: The Role of Unemployment, Social Security Benefits and Unionisation [Labour Market Equilibrium in an Open Economy]: Reply
     Oxford Economic Papers, 1985, 37, (2), 339-43 View citations (1)

1984

119. A Review of Unemployment: Cause and Cure, by Patrick Minford with David Davies, Michael Peel and Alison Sprague: Response
     Economic Journal, 1984, 94, (376), 954-59 View citations (1)
120. Testing for Unbiasedness and Efficiency under Incomplete Current Information
     Bulletin of Economic Research, 1984, 36, (1), 1-7
121. The Liverpool macroeconomic model of the United Kingdom
     Economic Modelling, 1984, 1, (1), 24-62 View citations (20)

1983

122. Dynamic predictive tests of a model under adaptive and rational expectations
     Economics Letters, 1983, 11, (1-2), 115-121
123. Equilibrium price-output and the (non) insulating properties of fixed exchange rates: A comment
     Journal of International Money and Finance, 1983, 2, (3), 355-356
124. Labour Market Equilibrium in an Open Economy
     Oxford Economic Papers, 1983, 35, 207-44 View citations (32)
125. On the effectiveness of automatic stabilizers under rational expectations when there is partial current information
     Economics Letters, 1983, 11, (3), 225-229
126. Some Implications of Partial Current Information Sets in Macroeconomic Models Embodying Rational Expectations
     The Manchester School of Economic & Social Studies, 1983, 51, (3), 235-49 View citations (8)
127. The IFS position on unemployment benefits
     Fiscal Studies, 1983, 4, (1), 66-73

1982

128. 100th Issue of the Review: The Four Ages of Post-War British Policy Debate
     National Institute Economic Review, 1982, 100, 21-24
     Also in National Institute Economic Review, 1982, 100, (1), 21-24 (1982)
129. The Microfoundations of the Phillips Curve with Rational Expectations
     Oxford Economic Papers, 1982, 34, (3), 449-51
130. The political theory of the business cycle
     European Economic Review, 1982, 17, (2), 253-270 View citations (14)

1981

131. Comparison of NIESR and Liverpool Model Errors: A Note
     National Institute Economic Review, 1981, 97, 81-81
     Also in National Institute Economic Review, 1981, 97, (1), 81-81 (1981)
132. The Exchange Rate and Monetary Policy
     Oxford Economic Papers, 1981, 33, 120-42
133. The Role of Monetary Stabilization Policy under Rational Expectations
     The Manchester School of Economic & Social Studies, 1981, 49, (1), 39-50 View citations (4)

1980

134. A rational expectations model of the U.K. under floating exchange rates
     European Economic Review, 1980, 14, (2), 189-219 View citations (1)
135. A rational expectations model of the United Kingdom under fixed and floating exchange rates
     Carnegie-Rochester Conference Series on Public Policy, 1980, 12, (1), 293-355 View citations (10)
136. A rational expectations model of the United Kingdom under fixed and floating exchange rates: Errata
     Carnegie-Rochester Conference Series on Public Policy, 1980, 13, (1), 299-355 View citations (4)
137. Private Sector Expenditure and Financial Asset Accumulation in the U.K
     Journal of Money, Credit and Banking, 1980, 12, (4), 644-53 View citations (1)
138. The Natural Rate Hypothesis and Rational Expectations-A Critique of Some Recent Developments
     Oxford Economic Papers, 1980, 32, (1), 71-81 View citations (1)
139. The effect on Macroeconomic Management in the UK of the Transition from Fixed to Floating Rates
     Journal of Economic Studies, 1980, 7, (2), 69-86

1979

140. Terminal conditions as a means of ensuring unique solutions for rational expectations models with forward expectations
     Economics Letters, 1979, 4, (2), 117-120 View citations (9)
141. The classical supply hypothesis and the observational equivalence of Classical and Keynesian models
     Economics Letters, 1979, 4, (3), 229-233

1975

142. TEXTILE FIBRE SUBSTITUTION AND RELATIVE PRICES
     Australian Journal of Agricultural and Resource Economics, 1975, 19, (3), 175-196 View citations (1)
     Also in Australian Journal of Agricultural Economics, 1975, 19, (3), 22 (1975) View citations (1)

Books

2020

1. After Brexit, What Next?
   Books, Edward Elgar Publishing

2015

2. Should Britain Leave the EU?
   Books, Edward Elgar Publishing View citations (14)
   Also in Books, Edward Elgar Publishing (2005) View citations (21)

2002

3. Advanced Macroeconomics
   Books, Edward Elgar Publishing View citations (13)

1991

4. THE SUPPLY SIDE REVOLUTION IN BRITAIN
   Books, Edward Elgar Publishing View citations (4)

Edited books

2004

1. Money Matters
   Books, Edward Elgar Publishing

Chapters

2021

1. Evaluating Mrs. Thatcher’s Reforms: Britain’s 1980s Economic Reform Program
   Springer

2011

2. Measuring the Extent and Costs of EU Protectionism
   Chapter 15 in International Handbook on the Economics of Integration, Volume III, 2011

2000

3. The Single Currency — Will it Work and Should We Join?
   Palgrave Macmillan

1990

4. The Poverty Trap After the Fowler Reforms
   Palgrave Macmillan

1989

5. Germany and the European Disease
   Palgrave Macmillan View citations (1)
   See also Working Paper Germany and the European Disease, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) (1986) View citations (1) (1986)

1986

6. Incentives in the United Kingdom
   Palgrave Macmillan

1985

7. The Effects of American Policies–A New Classical Interpretation
   A chapter in International Economic Policy Coordination, 1985, pp 84-138 View citations (1)
   See also Working Paper The Effects of American Policies - A New Classical Interpretation, C.E.P.R. Discussion Papers (1984) View citations (2) (1984)

1984

8. Comment on John Kay’s Paper
   Palgrave Macmillan

1983

9. Rational Expectations in a Multilateral Macro-Model
   Palgrave Macmillan

1982

10. Is an Exchange Rate Policy Possible?
    Palgrave Macmillan

1978

11. Expectations and the Economy
    Palgrave Macmillan