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Details about Paul Mizen

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Homepage:http://www.nottingham.ac.uk/economics/staff/details/Pdm.htm
Phone:++44 115 951 5479
Postal address:School of Economics University of Nottingham University Park Nottingham NG7 2RD United Kingdom
Workplace:School of Economics, University of Nottingham, (more information at EDIRC)
Bank of England, (more information at EDIRC)
Centre for Finance, Credit and Macroeconomics (CFCM), School of Economics, University of Nottingham, (more information at EDIRC)
Office of National Statistics, Government of the United Kingdom, (more information at EDIRC)

Access statistics for papers by Paul Mizen.

Last updated 2019-03-25. Update your information in the RePEc Author Service.

Short-id: pmi38


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Working Papers

2019

  1. Brexit and uncertainty: insights from the Decision Maker Panel
    Bank of England working papers, Bank of England Downloads View citations (4)
  2. The Impact of Brexit on UK Firms
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2018

  1. A firm-level perspective on micro- and macro-level uncertainty; An analysis of business expectations and uncertainty from the UK Management and Expectations Survey
    Economic Statistics Centre of Excellence (ESCoE) Discussion Papers, Economic Statistics Centre of Excellence (ESCoE) Downloads
  2. Business investment, cash holding and uncertainty since the Great Financial Crisis
    Bank of England working papers, Bank of England Downloads View citations (1)
  3. Foreign Currency Borrowing, Exports and Firm Performance: Evidence from a Currency Crisis
    Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey Downloads View citations (1)
    See also Journal Article in The European Journal of Finance (2018)
  4. Growing pension deficits and the expenditure decisions of UK companies
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) Downloads View citations (4)
    Also in Bank of England working papers, Bank of England (2018) Downloads View citations (2)
  5. Original sin in corporate finance: New evidence from Asian bond issuers in onshore and offshore markets
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) Downloads

2017

  1. Structural Factor Analysis of Interest Rate Pass Through In Four Large Euro Area Economies
    Working Papers in Economics, University of Canterbury, Department of Economics and Finance Downloads

2015

  1. Inventory composition and trade credit
    Post-Print, HAL
    See also Journal Article in International Review of Financial Analysis (2015)
  2. On the Information Flow from Credit Derivatives to the Macroeconomy
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) Downloads
  3. Why Did Bank Lending Rates Diverge from Policy Rates After the Financial Crisis?
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) Downloads View citations (47)
    Also in BIS Working Papers, Bank for International Settlements (2015) Downloads View citations (34)

2013

  1. Bond Spreads and Economic Activity in Eight European Economies
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) Downloads View citations (2)
    See also Journal Article in Economic Journal (2016)

2012

  1. Bond Spreads as Predictors of Economic Activity in Eight European Economies
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) Downloads View citations (1)
  2. How do anticipated changes to short-term market rates influence banks' retail interest rates? Evidence from the four major euro area economies
    Working papers, Banque de France Downloads View citations (4)
    See also Journal Article in Journal of Money, Credit and Banking (2013)
  3. Investment and Asset Growth of Asian Firms: Evidence for Financial Resilience in the Recent Financial Crisis
    Working Papers, Hong Kong Institute for Monetary Research Downloads View citations (1)
  4. Lessons from the Asian Crisis: An Open Economy Credit Channel Model where Export Status Matters
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) Downloads
  5. No Going Back: How the Production Process Affects Access to Short-term Credit
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) Downloads
  6. The response of the external finance premium in Asian corporate bond markets to financial characteristics, financial constraints and two financial crises
    Working Papers, Business School - Economics, University of Glasgow Downloads View citations (29)
    See also Journal Article in Journal of Banking & Finance (2012)
  7. What Promotes Greater Use of the Corporate Bond Market? A Study of the Issuance Behaviour of Firms in Asia
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) Downloads View citations (5)
    Also in Working Papers, Business School - Economics, University of Glasgow (2012) Downloads View citations (3)

    See also Journal Article in Oxford Economic Papers (2014)
  8. Why do firms issue abroad? Lessons from onshore and offshore corporate bond finance in Asian emerging markets
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) Downloads View citations (1)
    Also in Working Papers, Business School - Economics, University of Glasgow (2012) Downloads View citations (12)
    BIS Working Papers, Bank for International Settlements (2012) Downloads View citations (21)

2011

  1. Forecasting US bond default ratings allowing for previous and initial state dependence in an ordered probit model
    Working Papers, Business School - Economics, University of Glasgow Downloads View citations (1)
    Also in SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) (2011) Downloads View citations (1)

    See also Journal Article in International Journal of Forecasting (2012)
  2. No Going Back: The Interactions Between Processed Inventories and Trade Credit
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) Downloads View citations (1)
  3. The open economy balance sheet channel and the exporting decisions of firms: Evidence from the Brazilian crisis of 1999
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) Downloads
    See also Journal Article in Oxford Economic Papers (2015)

2010

  1. Interest rate Pass-Through in the Major European Economies - The Role of Expectations
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) Downloads
    Also in Discussion Papers, Department of Economics, University of Birmingham (2010) Downloads View citations (6)
  2. The Response of Retail Interest Rates to Factor Forecasts of Money Market Rates in Major European Economies
    Working Papers, COMISEF Downloads View citations (4)
  3. What Effect Has Bond Market Development in Emerging Asia Had on the Issuance of Corporate Bonds?
    Working Papers, Hong Kong Institute for Monetary Research Downloads View citations (11)

2009

  1. How Does Reputation Influence a Firm's Decision to Issue Corporate Bonds? New Evidence From Initial and Seasoned Public Debt Offerings
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) Downloads

2008

  1. Corporate trade credit and inventories: New evidence of a tradeoff from accounts payable and receivable
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) View citations (4)
    See also Journal Article in Journal of Banking & Finance (2009)
  2. Evidence on the External Finance Premium from the US and Emerging Asian Corporate Bond Markets
    Working Papers, Hong Kong Institute for Monetary Research Downloads View citations (1)
    Also in Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) (2006) Downloads
  3. Modelling the Persistence of Credit Ratings When Firms Face Financial Constraints, Recessions and Credit Crunches
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) Downloads
  4. What Effect has Bond Market Development in Asia had on the Issue of Corporate Bonds
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) Downloads

2007

  1. An Open Economy Model of the Credit Channel Applied to Four Asian Economies
    Working Papers, Hong Kong Institute for Monetary Research Downloads
  2. Evaluating the Taylor Principle Over the Distribution of the Interest Rate: Evidence from the US, UK and Japan
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) Downloads
    Also in Money Macro and Finance (MMF) Research Group Conference 2006, Money Macro and Finance Research Group (2007) Downloads
  3. Forecasting Changes in UK Interest Rates
    Discussion Paper Series, Department of Economics, Loughborough University Downloads
    Also in Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) (2007) Downloads
    Discussion Papers, University of Nottingham, Granger Centre for Time Series Econometrics (2006) Downloads

    See also Journal Article in Journal of Forecasting (2008)
  4. Household Credit and Probability Forecasts of Financial Distress in the United Kingdom
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) Downloads
  5. The Inventory Channel of Trade Credit: Theory and Evidence
    Working Papers, The University of Sheffield, Department of Economics Downloads View citations (1)

2006

  1. Monetary Policy, Corporate Financial Composition and Real Activity
    Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey Downloads View citations (1)
    See also Journal Article in CESifo Economic Studies (2006)

2005

  1. Corporate Finance Under Low Interest Rates: Evidence from Hong Kong
    Working Papers, Hong Kong Institute for Monetary Research Downloads
  2. Corporate investment and cash flow sensitivity: what drives the relationship?
    Working Paper Series, European Central Bank Downloads View citations (17)
  3. Trade Credit, Bank Lending and Monetary Policy Transmission
    Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM)
    Also in Royal Economic Society Annual Conference 2003, Royal Economic Society (2003) Downloads View citations (5)
    Economics Working Papers, European University Institute (2003) Downloads View citations (10)

    See also Journal Article in European Economic Review (2006)

2004

  1. Access to External Finance: Theory and Evidence on the Impact of Firm-Specific Characteristics
    Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey Downloads View citations (21)
  2. The Impact of Firm-Specific Characteristics on the Response to Monetary Policy Actions
    Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey Downloads View citations (1)
    See also Journal Article in Central Bank Review (2004)

2003

  1. A Re-interpretation of the Linear-Quadratic Model When Inventories and Sales are Polynomially Cointegrated
    Economics Working Papers, European University Institute Downloads View citations (1)
    See also Journal Article in Journal of Applied Econometrics (2006)
  2. Corporate Credit and Monetary Policy: The Impact of Firm-Specific Characteristics on Financial Structure
    Economics Working Papers, European University Institute Downloads
  3. Predicting Changes in the Interest Rate: The Performance of Taylor Rules Versus Alternatives for the United Kingdom
    Royal Economic Society Annual Conference 2003, Royal Economic Society Downloads
  4. Trade Credit and Bank Lending: An Investigation into the Determinants of UK Manufacturing Firms' Access to Trade Credit
    Economics Working Papers, European University Institute Downloads View citations (1)

2002

  1. Base rate pass-through: evidence from banks' and building societies' retail rates
    Bank of England working papers, Bank of England Downloads View citations (11)
  2. The Long-Run Relationship among Relative Price Variability, Inflation and the Markup
    Economics Working Papers, European University Institute Downloads View citations (3)

2001

  1. Consumption, money and lending: a joint model for the UK household sector
    Bank of England working papers, Bank of England Downloads View citations (11)
  2. Other financial corporations: Cinderella or ugly sister of empirical monetary economics?
    Bank of England working papers, Bank of England Downloads View citations (1)
    See also Journal Article in International Journal of Finance & Economics (2005)
  3. The Relationship between Price Dispersion and Inflation: A Reassessment
    Economics Working Papers, European University Institute Downloads View citations (5)

1999

  1. Money, credit and investment in UK corporate sector
    Bank of England working papers, Bank of England Downloads View citations (13)

1998

  1. Inflation Targeting: What can the ECB Learn from the Recent Experience of the Bank of England
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (8)
    See also Journal Article in Economic Journal (1998)

1997

  1. Currency and Banking Crises with Endogenous Government Behavior
    Discussion Papers, University of Nottingham, School of Economics View citations (1)
  2. Disinflation and Central Bank Independence in Australia, Canada and New Zealand: Evidence from Smooth Transition Analysis
    Discussion Papers, University of Nottingham, School of Economics View citations (4)

1995

  1. Credibility and Disinflation in the European Monetary System
    Discussion Papers, University of Nottingham, School of Economics View citations (1)
    See also Journal Article in Economic Journal (1997)
  2. Proposals to Ensure a Smooth Transition to European Monetary Union
    Discussion Papers, University of Nottingham, School of Economics

Journal Articles

2019

  1. The divergence of bank lending rates from policy rates after the financial crisis: The role of bank funding costs
    Journal of International Money and Finance, 2019, 93, (C), 117-141 Downloads

2018

  1. Foreign currency borrowing, exports and firm performance: evidence from a currency crisis
    The European Journal of Finance, 2018, 24, (17), 1649-1671 Downloads View citations (1)
    See also Working Paper (2018)

2017

  1. Tracking the views of British businesses: evidence form the Decision Maker Panel
    Bank of England Quarterly Bulletin, 2017, 57, (2), 110-120 Downloads View citations (2)

2016

  1. Bond Spreads and Economic Activity in Eight European Economies
    Economic Journal, 2016, 126, (598), 2257-2291 Downloads View citations (2)
    See also Working Paper (2013)

2015

  1. Inventory composition and trade credit
    International Review of Financial Analysis, 2015, 42, (C), 434-446 Downloads View citations (4)
    See also Working Paper (2015)
  2. The open economy balance sheet channel and the exporting decisions of firms: evidence from the Brazilian crisis of 1999
    Oxford Economic Papers, 2015, 67, (4), 1096-1122 Downloads
    See also Working Paper (2011)

2014

  1. What promotes greater use of the corporate bond market? A study of the issuance behaviour of firms in Asia
    Oxford Economic Papers, 2014, 66, (1), 227-253 Downloads View citations (9)
    See also Working Paper (2012)

2013

  1. How Do Anticipated Changes to Short‐Term Market Rates Influence Banks' Retail Interest Rates? Evidence from the Four Major Euro Area Economies
    Journal of Money, Credit and Banking, 2013, 45, (7), 1375-1414 Downloads View citations (20)
    See also Working Paper (2012)

2012

  1. Forecasting US bond default ratings allowing for previous and initial state dependence in an ordered probit model
    International Journal of Forecasting, 2012, 28, (1), 273-287 Downloads View citations (8)
    See also Working Paper (2011)
  2. Monetary information and monetary policy decisions: Evidence from the euroarea and the UK
    Journal of Macroeconomics, 2012, 34, (2), 326-341 Downloads
  3. The response of the external finance premium in Asian corporate bond markets to financial characteristics, financial constraints and two financial crises
    Journal of Banking & Finance, 2012, 36, (11), 3048-3059 Downloads View citations (23)
    See also Working Paper (2012)

2010

  1. Estimating monetary reaction functions at near zero interest rates
    Economics Letters, 2010, 106, (1), 57-60 Downloads View citations (5)

2009

  1. Corporate trade credit and inventories: New evidence of a trade-off from accounts payable and receivable
    Journal of Banking & Finance, 2009, 33, (2), 300-307 Downloads View citations (54)
    See also Working Paper (2008)
  2. The Taylor Principle and Monetary Policy Approaching a Zero Bound on Nominal Rates: Quantile Regression Results for the United States and Japan
    Journal of Money, Credit and Banking, 2009, 41, (8), 1705-1723 Downloads View citations (36)
  3. What can we learn from central bankers' words? Some nonparametric tests for the ECB
    Economics Letters, 2009, 103, (1), 29-32 Downloads View citations (3)

2008

  1. Evidence on the Functional Relationship between Relative Price Variability and Inflation with Implications for Monetary Policy
    Economica, 2008, 75, (300), 683-699 Downloads View citations (22)
  2. Forecasting changes in UK interest rates
    Journal of Forecasting, 2008, 27, (1), 53-74 Downloads View citations (13)
    See also Working Paper (2007)
  3. The credit crunch of 2007-2008: a discussion of the background, market reactions, and policy responses
    Review, 2008, (Sep), 531-568 Downloads View citations (27)

2007

  1. Inflation, relative price variability and the markup: Evidence from the United States and the United Kingdom
    Economic Modelling, 2007, 24, (1), 82-100 Downloads View citations (4)

2006

  1. A re-interpretation of the linear quadratic model when inventories and sales are polynomially cointegrated
    Journal of Applied Econometrics, 2006, 21, (8), 1249-1264 Downloads View citations (4)
    See also Working Paper (2003)
  2. Access to external finance: Theory and evidence on the impact of monetary policy and firm-specific characteristics
    Journal of Banking & Finance, 2006, 30, (1), 199-227 Downloads View citations (63)
  3. Monetary Policy, Corporate Financial Composition and Real Activity
    CESifo Economic Studies, 2006, 52, (1), 177-213 Downloads View citations (1)
    See also Working Paper (2006)
  4. Trade credit, bank lending and monetary policy transmission
    European Economic Review, 2006, 50, (3), 603-629 Downloads View citations (46)
    See also Working Paper (2005)

2005

  1. A Dynamic Model of Money, Credit, and Consumption: A Joint Model for the UK Household Sector
    Journal of Money, Credit and Banking, 2005, 37, (1), 119-43 View citations (10)
  2. Other financial corporations: Cinderella or ugly sister of empirical monetary economics?
    International Journal of Finance & Economics, 2005, 10, (1), 63-80 Downloads View citations (5)
    See also Working Paper (2001)

2004

  1. Interactions between Money, Lending and Investment in the UK Private Non-Financial Corporate Sector
    Manchester School, 2004, 72, (1), 72-99 Downloads View citations (2)
  2. The Impact of Firm-Specific Characteristics on the Response to Monetary Policy Actions
    Central Bank Review, 2004, 4, (1), 1-30 Downloads View citations (1)
    See also Working Paper (2004)

2003

  1. The empirical relationship between UK net corporate borrowing and stockbuilding
    Oxford Economic Papers, 2003, 55, (2), 287-313

2002

  1. Modelling credit in the transmission mechanism of the United Kingdom
    Journal of Banking & Finance, 2002, 26, (11), 2131-2154 Downloads View citations (9)

2001

  1. Seigniorage revenue, deficits and self-fulfilling currency crises
    Journal of Development Economics, 2001, 65, (1), 81-93 Downloads View citations (3)

2000

  1. A Cross-Country Panel Analysis of Currency Substitution and Trade
    Economic Inquiry, 2000, 38, (2), 206-17 View citations (3)

1999

  1. Can foreign currency deposits prop up a collapsing exchange-rate regime?
    Journal of Development Economics, 1999, 58, (2), 553-562 Downloads View citations (3)
  2. Mean Reversion of Real Exchange Rates in High-Inflation Countries
    Southern Economic Journal, 1999, 65, (4), 839-854 View citations (16)
  3. Understanding the disinflations in Australia, Canada and New Zealand using evidence from smooth transition analysis
    Journal of International Money and Finance, 1999, 18, (5), 799-816 Downloads View citations (19)

1998

  1. Inflation Targeting: What Can the ECB Learn from the Recent Experience of the Bank of England?
    Economic Journal, 1998, 108, (451), 1810-25 Downloads View citations (8)
    See also Working Paper (1998)

1997

  1. Credibility and Disinflation in the European Monetary System
    Economic Journal, 1997, 107, (445), 1751-67 Downloads View citations (4)
    See also Working Paper (1995)
  2. Investment, Output and Interest Rate Policy When Capital Is Mobile
    Economic Journal, 1997, 107, (441), 431-40 Downloads
  3. Microfoundations for a Stable Demand for Money Function
    Economic Journal, 1997, 107, (443), 1202-12 Downloads View citations (10)

1996

  1. Modeling the demand for money in the industrial and commercial companies sector in the United Kingdom
    Journal of Policy Modeling, 1996, 18, (4), 445-467 Downloads View citations (4)
  2. Nonlinearities in Exchange-Rate Dynamics: Evidence from Five Currencies, 1973-94
    The Economic Record, 1996, 72, (216), 36-45 View citations (8)
  3. Proposals to Ensure a Smooth Transition to European Monetary Union by 1999
    The World Economy, 1996, 19, (4), 407-423 Downloads
  4. The Real Balance Effect and Stability Analysis in Classical Monetary Theory
    Scottish Journal of Political Economy, 1996, 43, (1), 32-47
  5. The behavior of foreign currency holdings during currency crises: Causes and consequences
    Open Economies Review, 1996, 7, (1), 651-673 Downloads View citations (1)
  6. The impact of infra-European trade on sterling currency substitution
    Review of World Economics (Weltwirtschaftliches Archiv), 1996, 132, (1), 160-171 Downloads

1995

  1. Empirical Tests of Mean Reversion in Real Exchange Rates: A Survey
    Bulletin of Economic Research, 1995, 47, (3), 171-95 View citations (8)

1994

  1. A Buffer Stock Model of the Demand for Money by the Personal Sector
    Bulletin of Economic Research, 1994, 46, (4), 315-30 View citations (4)
  2. Evaluating the Empirical Evidence for Currency Substitution: A Case Study of the Demand for Sterling in Europe
    Economic Journal, 1994, 104, (426), 1057-69 Downloads View citations (19)

1992

  1. Should Buffer Stock Theorists Be Broad- or Narrow-Minded? Some Answers from Aggregate U.K. Data: 1966-1989
    The Manchester School of Economic & Social Studies, 1992, 60, (4), 403-18

Books

2000

  1. Monetary Economics
    OUP Catalogue, Oxford University Press View citations (26)

Edited books

2018

  1. Macroprudential Policy and Practice
    Cambridge Books, Cambridge University Press View citations (1)

2009

  1. Recent Developments in Monetary Policy, vol Two volume set
    Books, Edward Elgar Publishing Downloads

2003

  1. Central Banking, Monetary Theory and Practice
    Books, Edward Elgar Publishing Downloads View citations (2)
  2. Monetary History, Exchange Rates and Financial Markets
    Books, Edward Elgar Publishing Downloads View citations (4)

1996

  1. The Macroeconomics of International Currencies
    Books, Edward Elgar Publishing Downloads View citations (2)

Chapters

2016

  1. Comments on "Financial globalisation and monetary independence"
    A chapter in Expanding the boundaries of monetary policy in Asia and the Pacific, 2016, vol. 88, pp 227-230 Downloads

2014

  1. Capital structure and the issuance of corporate bonds in emerging Asia
    Chapter 13 in Global Shock, Risks, and Asian Financial Reform, 2014, pp 510-540 Downloads
 
Page updated 2019-09-17