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Details about David Kenneth Miles

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Homepage:http://www.imperial.ac.uk/people/d.miles
Postal address:Imperial College Business School South Knsington London SW7 2AZ EC2R 8AH United Kingdom
Workplace:Business School, Imperial College, (more information at EDIRC)
Bank of England, (more information at EDIRC)
Centre for Economic Policy Research (CEPR), (more information at EDIRC)
CESifo, (more information at EDIRC)

Access statistics for papers by David Kenneth Miles.

Last updated 2020-09-06. Update your information in the RePEc Author Service.

Short-id: pmi296


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Working Papers

2020

  1. UK house prices and three decades of decline in the risk‑free real interest rate
    Bank of England working papers, Bank of England Downloads

2018

  1. The Half Life of Economic Injustice
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads

2017

  1. Houses across time and across place
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (2)

2015

  1. Fiscal multipliers and time preference
    Discussion Papers, Monetary Policy Committee Unit, Bank of England Downloads
  2. The relevance or otherwise of the central bank’s balance sheet
    Discussion Papers, Monetary Policy Committee Unit, Bank of England Downloads
    Also in CESifo Working Paper Series, CESifo (2014) Downloads View citations (12)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) Downloads View citations (10)

    See also Chapter (2013)

2014

  1. Interaction Between Monetary Policy and Regulatory Capital Requirements
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (1)
  2. Should central banks provide reserves via repos or outright bond purchases?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads

2012

  1. Demographics, house prices and mortgage design
    Discussion Papers, Monetary Policy Committee Unit, Bank of England Downloads View citations (2)

2011

  1. Optimal Bank Capital
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (25)
    Also in Discussion Papers, Monetary Policy Committee Unit, Bank of England (2011) Downloads View citations (56)

    See also Journal Article in Economic Journal (2013)
  2. Optimal portfolio allocation for corporate pension funds
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) Downloads View citations (1)

    See also Journal Article in European Financial Management (2013)

2005

  1. The Impact of Changing Demographics and Pensions on The Demand for Housing and Financial Assets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (3)
    See also Journal Article in Journal of Pension Economics and Finance (2010)

2002

  1. Optimal Social Security Design
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (4)

2001

  1. Risk Return and Portfolio Allocation under Alternative Pension Systems with Imperfect Financial Markets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
  2. Risk, Return and Portfolio Allocation under Alternative Pension Arrangements with Imperfect Financial Markets
    CESifo Working Paper Series, CESifo Downloads View citations (1)

2000

  1. Funded and Unfunded Pension Schemes: Risk, Return and Welfare
    CESifo Working Paper Series, CESifo Downloads View citations (4)
  2. Funded and Unfunded Pensions: Risk, Return and Welfare
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (2)

1998

  1. The Reform of Pension Systems: Winners and Losers Across Generations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (2)

1997

  1. Demographics and savings: can we reconcile the evidence?
    IFS Working Papers, Institute for Fiscal Studies Downloads View citations (7)
  2. Modelling the Impact of Demographic Change Upon the Economy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (8)
    See also Journal Article in Economic Journal (1999)

1994

  1. Inflation, inflation risks and asset returns
    Bank of England working papers, Bank of England Downloads View citations (1)

1992

  1. Testing for short-termism in the UK stock market
    Bank of England working papers, Bank of England Downloads View citations (12)
    See also Journal Article in Economic Journal (1993)

Journal Articles

2019

  1. Review of Crashed: How a Decade of Financial Crises Changed the World by Adam Tooze. London: Penguin UK, 2018
    Business Economics, 2019, 54, (4), 257-259 Downloads

2016

  1. Regulatory Failure and Regulatory Change in the Banking Sector
    National Institute Economic Review, 2016, 235, (1), R15-R17 Downloads

2015

  1. Housing, Leverage, and Stability in the Wider Economy
    Journal of Money, Credit and Banking, 2015, 47, (S1), 19-36 Downloads View citations (4)

2014

  1. Inflation, Employment, and Monetary Policy: Objectives and Outcomes in the UK and U.S. Compared
    Journal of Money, Credit and Banking, 2014, 46, (S2), 155-167 Downloads View citations (3)
  2. Monetary Policy and Forward Guidance in the UK
    Manchester School, 2014, 82, (S1), 44-59 Downloads

2013

  1. Optimal Bank Capital
    Economic Journal, 2013, 123, (567), 1-37 Downloads View citations (66)
    See also Working Paper (2011)
  2. Optimal Portfolio Allocation for Corporate Pension Funds
    European Financial Management, 2013, 19, (3), 599-629 Downloads View citations (5)
    See also Working Paper (2011)

2012

  1. Population Density, House Prices and Mortgage Design
    Scottish Journal of Political Economy, 2012, 59, (5), 444-466 Downloads View citations (8)
  2. Quantitative Easing and Unconventional Monetary Policy – an Introduction
    Economic Journal, 2012, 122, (564), F271-F288 Downloads View citations (138)

2010

  1. The impact of changing demographics and pensions on the demand for housing and financial assets*
    Journal of Pension Economics and Finance, 2010, 9, (3), 393-420 Downloads View citations (1)
    See also Working Paper (2005)

2008

  1. Financial innovation and European housing and mortgage markets
    Oxford Review of Economic Policy, 2008, 24, (1), 145-175 Downloads View citations (23)

2006

  1. Risk, Return and Portfolio Allocation under Alternative Pension Systems with Incomplete and Imperfect Financial Markets
    Economic Journal, 2006, 116, (511), 529-557 Downloads View citations (19)

2005

  1. Incentives Information and Efficiency in the UK Mortgage Market
    Economic Journal, 2005, 115, (502), C82-C98 Downloads View citations (6)

2003

  1. Life on the outside: economic conditions and prospects outside euroland
    Economic Policy, 2003, 18, (37), 573-613 Downloads View citations (77)

2000

  1. Housing in the South East of England
    World Economics, 2000, 1, (2), 1-11 Downloads View citations (1)

1999

  1. Modelling the Impact of Demographic Change upon the Economy
    Economic Journal, 1999, 109, (452), 1-36 Downloads View citations (187)
    See also Working Paper (1997)

1998

  1. An International Study of Efficiency and Risk in Money Markets
    International Journal of Theoretical and Applied Finance (IJTAF), 1998, 01, (03), 389-424 Downloads
  2. The Implications of Switching from Unfunded to Funded Pension Systems
    National Institute Economic Review, 1998, 163, (1), 71-86 Downloads

1997

  1. A Household Level Study of the Determinants of Incomes and Consumption
    Economic Journal, 1997, 107, (440), 1-25 Downloads View citations (56)
  2. Financial markets, ageing and social welfare
    Fiscal Studies, 1997, 18, (2), 161-187 Downloads

1995

  1. Optimal regulation of deposit taking financial intermediaries
    European Economic Review, 1995, 39, (7), 1365-1384 Downloads View citations (6)
  2. Testing for Short Termism in the UK Stock Market: A Reply
    Economic Journal, 1995, 105, (432), 1224-27 Downloads View citations (2)

1994

  1. Economic Issues in the Regulation of Mutual Financial Firms: The Case of U.K. Building Societies
    The Manchester School of Economic & Social Studies, 1994, 62, (3), 227-50 View citations (4)
  2. U.K. Companies' Short-Term Financial Decisions: Evidence from Company Accounts Data
    The Manchester School of Economic & Social Studies, 1994, 62, (4), 395-411 View citations (5)

1993

  1. House Prices, Personal Sector Wealth and Consumption: Some Conceptual and Empirical Issues
    The Manchester School of Economic & Social Studies, 1993, 61, 35-59 View citations (9)
  2. Testing for Short Termisn in the UK Stock Market
    Economic Journal, 1993, 103, (421), 1379-96 Downloads View citations (15)
    See also Working Paper (1992)

1992

  1. Housing and the Wider Economy in the Short and Long Run
    National Institute Economic Review, 1992, 139, (1), 64-78 Downloads
  2. Housing markets, consumption and financial liberalisation in the major economies
    European Economic Review, 1992, 36, (5), 1093-1127 Downloads View citations (74)
  3. Measuring Efficiency and Risk in the Major Bond Markets
    Oxford Economic Papers, 1992, 44, (4), 599-625 Downloads View citations (6)

1991

  1. What Is Different about Financial Firms?
    The Manchester School of Economic & Social Studies, 1991, 59, (1), 64-79 View citations (1)

1989

  1. Modelling Asset Prices with Time-Varying Betas
    The Manchester School of Economic & Social Studies, 1989, 57, (4), 340-56 View citations (6)

Books

2016

  1. Banking Reform
    SUERF Studies, SUERF - The European Money and Finance Forum Downloads
  2. Central banking and monetary policy: Which will be the post-crisis new normal? Abstract: Central Bankers are currently facing big challenges in designing and implementing monetary policy, as well as with safeguarding financial stability, with the world economy still in the process of digesting the legacy of the crisis. The crisis has changed central banking in many ways: by shifting the focus of monetary policy from fighting too high inflation towards fighting too low inflation; by prompting new ‘experimental’ non-conventional measures, which risk to cause large, long-lasting market distortions and imbalances and which also have more far-reaching distributional consequences than ‘normal, conventional’ monetary policy; and by broadening central banks’ responsibilities particularly in the direction of safeguarding banking stability and financial stability at large. This raises several questions for the future: How long will ultra-easy monetary policies last? What are post-crisis growth trajectories, and how will the natural rate of interest rates evolve? How could an exit from ultra-easy monetary policy and a return towards higher nominal interest rates be eventually managed smoothly? Does ultra-easy monetary policy itself affect the economy in a lasting and structural way? Is the pre-crisis economic paradigm governing monetary policy still valid? If not, in what ways should it be adjusted? Are there any reasonable and practical alternatives? Against this background and given the larger post-crisis range of central banks’ responsibilities: is the current institutionalset-up governing central banks and their relationship to government, Parliament and the financial system still appropriate? What adaptations might be considered? Would they bring an improvement or, on the contrary, a set-back to the unsuccessful policy approaches of the 1960s and 1970s?
    SUERF Studies, SUERF - The European Money and Finance Forum Downloads View citations (2)
  3. The SSM at 1
    SUERF Studies, SUERF - The European Money and Finance Forum Downloads View citations (2)
  4. The state as an intermediary to foster long-term investments:the case of the targeted European savings account
    SUERF Studies, SUERF - The European Money and Finance Forum Downloads

2010

  1. Budget Perspectives 2011
    Research Series, Economic and Social Research Institute (ESRI) Downloads View citations (5)

Edited books

2003

  1. The Economics of Public Spending
    OUP Catalogue, Oxford University Press View citations (3)

Chapters

2013

  1. The Relevance or Otherwise of the Central Bank's Balance Sheet
    A chapter in NBER International Seminar on Macroeconomics 2013, 2013, pp 103-116
    See also Working Paper (2015)

2004

  1. Alternative pension reform strategies for Japan
    Chapter 4 in The Economics of Social Security in Japan, 2004 Downloads View citations (1)
 
Page updated 2020-10-25