Details about Stephen Millard

Access statistics for papers by Stephen Millard.

Last updated 2019-03-26. Update your information in the RePEc Author Service.

Short-id: pmi68

Working Papers

2018

1. Shock transmission and the interaction of financial and hiring frictions
   Bank of England working papers, Bank of England
2. Short-time work in the Great Recession: Firm-level evidence from 20 EU countries
   BCL working papers, Central Bank of Luxembourg
   Also in Bank of England working papers, Bank of England (2018)
   Research Technical Papers, Central Bank of Ireland (2018)
   Working Paper Series, European Central Bank (2018)
   See also Journal Article in IZA Journal of Labor Policy (2019)
3. Time varying cointegration and the UK Great Ratios
   Essex Finance Centre Working Papers, University of Essex, Essex Business School
   Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2018)

2017

4. Labour market adjustment in Europe during the crisis: microeconomic evidence from the Wage Dynamics Network survey
   Occasional Papers, Banco de España View citations (21)
   Also in Working Papers, Bank of Greece (2017) View citations (18)
   Bank of England working papers, Bank of England (2017) View citations (22)
   Occasional Paper Series, European Central Bank (2017) View citations (22)

2016

5. A dynamic model of financial balances for the United Kingdom
   Bank of England working papers, Bank of England View citations (9)
6. How does labour market structure affect the response of economies to shocks?
   Bank of England working papers, Bank of England
   Also in IEHAS Discussion Papers, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences (2015)

2015

7. Firms’ adjustment during 2010–13: evidence from the Wage Dynamics Survey
   Bank of England working papers, Bank of England
8. The Great Recession and the UK labour market
   Bank of England working papers, Bank of England

2014

9. Modelling the service sector
   Discussion Papers, Centre for Macroeconomics (CFM) View citations (2)
   Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2014)
   Bank of England working papers, Bank of England (2014)
10. Sectoral shocks and monetary policy in the United Kingdom
    Bank of England working papers, Bank of England View citations (3)
11. The effect of the financial crisis on TFP growth: a general equilibrium approach
    Bank of England working papers, Bank of England View citations (6)

2013

12. Non-uniform wage-staggering: European evidence and monetary policy implications
    Bank of England working papers, Bank of England View citations (2)
    Also in Working papers, Banque de France (2013) View citations (2)
13. Oil shocks and the UK economy: the changing nature of shocks and impact over time
    Bank of England working papers, Bank of England View citations (3)

2012

14. The New Keynesian Phillips Curve: the Role of Hiring and Investment Costs
    2012 Meeting Papers, Society for Economic Dynamics View citations (1)
15. What do sticky and flexible prices tell us?
    Bank of England working papers, Bank of England View citations (3)

2011

16. An estimated DSGE model of energy, costs and inflation in the United Kingdom
    Bank of England working papers, Bank of England View citations (9)
17. Tailwinds and headwinds: how does growth in the BRICs affect inflation in the G7?
    Bank of England working papers, Bank of England View citations (2)
    See also Journal Article in International Journal of Central Banking (2012)
18. Understanding the macroeconomic effects of working capital in the United Kingdom
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (7)
    Also in Bank of England working papers, Bank of England (2011) View citations (14)
    Economic Research Papers, University of Warwick - Department of Economics (2011) View citations (8)
19. Wage rigidities in an estimated DSGE model of the UK labour market
    Bank of England working papers, Bank of England View citations (13)

2010

20. Using estimated models to assess nominal and real rigidities in the United Kingdom
    Bank of England working papers, Bank of England View citations (9)
    Also in Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand (2010) View citations (4)
    See also Journal Article in International Journal of Central Banking (2012)

2009

21. Inflation dynamics with labour market matching: assessing alternative specifcations
    BCL working papers, Central Bank of Luxembourg View citations (14)
    Also in Working Paper Series, European Central Bank (2009) View citations (11)
    Bank of England working papers, Bank of England (2009) View citations (11)
    Working Papers, Federal Reserve Bank of Philadelphia (2009) View citations (31)
    Working Paper Research, National Bank of Belgium (2009) View citations (5)
22. Wage, inflation and employment dynamics with labour market matching
    Working Papers, Banco de España View citations (6)

2008

23. Financial innovation, macroeconomic stability and systemic crises
    Bank of England working papers, Bank of England View citations (17)
    See also Journal Article in Economic Journal (2008)
24. The cyclicality of mark-ups and profit margins for the United Kingdom: some new evidence
    Bank of England working papers, Bank of England View citations (21)
25. The network topology of CHAPS Sterling
    Bank of England working papers, Bank of England View citations (34)

2007

26. The foundations of money, payments and central banking: A review essay
    Money Macro and Finance (MMF) Research Group Conference 2006, Money Macro and Finance Research Group

2006

27. Financial infrastructure and corporate governance
    Bank of England working papers, Bank of England
28. The welfare benefits of stable and efficient payment systems
    Bank of England working papers, Bank of England
    Also in Money Macro and Finance (MMF) Research Group Conference 2004, Money Macro and Finance Research Group (2004) View citations (1)

2004

29. Exchange rates, commodities and the implications of volatility in a small open economy world
    Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group
30. The effects of stock market movements on consumption and investment: does the shock matter?
    Bank of England working papers, Bank of England View citations (3)

2003

31. The role of asset prices in transmitting monetary and other shocks
    Bank of England working papers, Bank of England View citations (10)

2001

32. Monetary policy rules for an open economy
    Bank of England working papers, Bank of England View citations (22)
    Also in Computing in Economics and Finance 2000, Society for Computational Economics (2000) View citations (55)
    See also Journal Article in Journal of Economic Dynamics and Control (2003)

2000

33. A limited participation model of the monetary transmission mechanism in the United Kingdom
    Bank of England working papers, Bank of England View citations (10)
34. How well does a limited participation model of the monetary transmission mechanism match UK data?
    Bank of England working papers, Bank of England View citations (2)
35. The effects of increased labour market flexibility in the United Kingdom: theory and practice
    Bank of England working papers, Bank of England View citations (6)

1999

36. Business cycles and the labour market can theory fit the facts?
    Bank of England working papers, Bank of England View citations (8)

1997

37. The Labour Market over the Business Cycle: Can Theory Fit the Facts?
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (35)
    See also Journal Article in Oxford Review of Economic Policy (1997)

Journal Articles

2019

1. Short-time work in the Great Recession: firm-level evidence from 20 EU countries
   IZA Journal of Labor Policy, 2019, 8, (1), 1-29
   See also Working Paper (2018)

2013

2. Wage Rigidities in an Estimated Dynamic, Stochastic, General Equilibrium Model of the UK Labour Market
   Manchester School, 2013, 81, 66-99 View citations (16)

2012

3. Tailwinds and Headwinds: How Does Growth in the BRICs Affect Inflation in the G-7?
   International Journal of Central Banking, 2012, 8, (1), 227-266 View citations (15)
   See also Working Paper (2011)
4. Using Estimated Models to Assess Nominal and Real Rigidities in the United Kingdom
   International Journal of Central Banking, 2012, 8, (4), 97-119 View citations (5)
   See also Working Paper (2010)

2010

5. Some Macroeconomic and Monetary Policy Implications of New Micro Evidence on Wage Dynamics
   Journal of the European Economic Association, 2010, 8, (2-3), 506-513 View citations (12)

2008

6. Financial Innovation, Macroeconomic Stability and Systemic Crises
   Economic Journal, 2008, 118, (527), 401-426 View citations (16)
   Also in Proceedings, 2006, (Nov) (2006) View citations (6)
   See also Working Paper (2008)

2003

7. Monetary policy rules for an open economy
   Journal of Economic Dynamics and Control, 2003, 27, (11-12), 2059-2094 View citations (74)
   Also in Proceedings, 2001, (Mar) (2001) View citations (43)
   Journal of Economic Dynamics and Control, 2003, 27, (11), 2059-2094 (2003) View citations (51)
   See also Working Paper (2001)

1998

8. Wages, work, and unemployment
   Applied Economics, 1998, 30, (11), 1531-1547 View citations (8)

1997

9. The Labour Market over the Business Cycle: Can Theory Fit the Facts?
   Oxford Review of Economic Policy, 1997, 13, (3), 70-92 View citations (32)
   See also Working Paper (1997)