Details about Vito Antonio Muscatelli

Access statistics for papers by Vito Antonio Muscatelli.

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Short-id: pmu60

Working Papers

2022

1. Persistent States: Lessons for Scottish Devolution and Independence
   CESifo Working Paper Series, CESifo
   Also in Working Papers, Business School - Economics, University of Glasgow (2022)
   See also Journal Article PERSISTENT STATES: LESSONS FOR SCOTTISH DEVOLUTION AND INDEPENDENCE, National Institute Economic Review, National Institute of Economic and Social Research (2022) (2022)

2010

2. A simple and flexible alternative to the Stability and Growth Pact deficit ceilings. Is it at hand?
   Working Papers, University of Milano-Bicocca, Department of Economics View citations (1)
   Also in CESifo Working Paper Series, CESifo (2003) View citations (7)
   See also Journal Article A simple and flexible alternative to Stability and Growth Pact deficit ceilings. Is it at hand?, European Journal of Political Economy, Elsevier (2012) View citations (15) (2012)

2006

3. Asymmetries in the Responses of Sub-Central Governments to Changes in Grants: Evidence From an Event Study
   ERSA conference papers, European Regional Science Association
4. The Role of Fiscal Policy in a Monetary Union: Are National Automatic Stabilizers Effective?
   CESifo Working Paper Series, CESifo View citations (5)
   See also Journal Article The Role of Fiscal Policy in a Monetary Union: are National Automatic Stabilizers Effective?*, Review of International Economics, Wiley Blackwell (2008) View citations (31) (2008)

2005

5. Analyzing the Interaction of Monetary and Fiscal Policy: Does Fiscal Policy Play a Valuable Role in Stabilisation?
   Working Papers, Business School - Economics, University of Glasgow View citations (13)
   See also Journal Article Analyzing the Interaction of Monetary and Fiscal Policy: Does Fiscal Policy Play a Valuable Role in Stabilisation?, CESifo Economic Studies, CESifo Group (2005) View citations (14) (2005)
6. Fiscal Federalism and Fiscal Consolidation: Evidence from an Event Study
   Working Papers, Business School - Economics, University of Glasgow View citations (2)
7. Fiscal and Monetary policy Interactions in a New Keynesian Model with Liquidity Constraints
   Working Papers, Business School - Economics, University of Glasgow View citations (13)
   Also in CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis (2004) View citations (18)
   Working Papers, University of Milano-Bicocca, Department of Economics (2004) View citations (6)
8. How do Sub-Central Government react to cuts in grants received from Central Governments Evidence from a Panel of 15 OECD Countries
   Working Papers, Business School - Economics, University of Glasgow View citations (4)
9. Macroeconomic Adjustment in the Euro-area: The Role of Fiscal Policy
   Working Papers, Business School - Economics, University of Glasgow View citations (1)

2004

10. Can Fiscal Policy Help Macroeconomic Stabilisation? Evidence from a New Keynesian Model with Liquidity Constraints
    CESifo Working Paper Series, CESifo View citations (8)
11. FISCAL CONSOLIDATION AND DECENTRALISATION: A TALE OF TWO TIERS
    Working Papers, Business School - Economics, University of Glasgow View citations (3)
    See also Journal Article Fiscal consolidation and decentralisation: a tale of two tiers, Fiscal Studies, Institute for Fiscal Studies (2005) View citations (17) (2005)
12. Fiscal Federalism, Fiscal Consolidations and Cuts in Central Government Grants: Evidence from an Event Study
    CESifo Working Paper Series, CESifo View citations (6)
    Also in ERSA conference papers, European Regional Science Association (2004) View citations (6)
13. The interaction of fiscal and monetary policies: some evidence using structural econometric models'
    Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group View citations (11)

2003

14. Fiscal and Monetary Policy Interactions: Empirical Evidence and Optimal Policy Using a Structural New Keynesian Model
    CESifo Working Paper Series, CESifo View citations (4)
    See also Journal Article Fiscal and monetary policy interactions: Empirical evidence and optimal policy using a structural New-Keynesian model, Journal of Macroeconomics, Elsevier (2004) View citations (63) (2004)

2002

15. Do Central Banks have Precautionary Demands for Expansions and for Price Stability?
    Working Papers, Business School - Economics, University of Glasgow View citations (45)
16. Do Central Banks have Precautionary Demands for Expansions and for Price Stability? - Theory and Evidence
    CESifo Working Paper Series, CESifo View citations (32)
17. Fiscal federalism and Fiscal Autonomy: Lessons for the UK from other Industrialised Countries
    Working Papers, Business School - Economics, University of Glasgow View citations (8)
18. Monetary and Fiscal Policy Interactions over the Cycle: Some Empirical Evidence
    Working Papers, Business School - Economics, University of Glasgow View citations (46)
    Also in CESifo Working Paper Series, CESifo (2002) View citations (32)
19. Whoís Afraid of the Big Bad Central Bank? Union-Firm-Central Bank Interactions and Inflation in a Monetary Union
    Royal Economic Society Annual Conference 2002, Royal Economic Society

2001

20. Real Exchange Rates in the Long Run: Evidence from Historical Data
    Working Papers, Business School - Economics, University of Glasgow View citations (1)

2000

21. Does Institutional Change Really Matter? Inflation Targets, Central Bank Reform and Interest Rate Policy in the OECD Countries
    CESifo Working Paper Series, CESifo View citations (13)
    Also in Working Papers, Business School - Economics, University of Glasgow (1999) View citations (4)
    See also Journal Article Does Institutional Change Really Matter? Inflation Targets, Central Bank Reform and Interest Rate Policy in the OECD Countries, Manchester School, University of Manchester (2002) View citations (42) (2002)
22. NEW INTERNATIONAL COMPARISONS OF PRODUCTIVITY PERFORMANCE: A SECTORAL ANALYSIS AND A COMPARISON OF UK PERFORMANCE
    Working Papers, Business School - Economics, University of Glasgow
23. Political Uncertainty, Public Expenditure and Growth
    CESifo Working Paper Series, CESifo View citations (3)
    Also in Working Papers, Business School - Economics, University of Glasgow View citations (1)
    See also Journal Article Political uncertainty, public expenditure and growth, European Journal of Political Economy, Elsevier (2004) View citations (47) (2004)
24. Real Business Cycles of Sticky Prices? The Impact of Technology Shocks on US Manufacturing
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (1)
    Also in Working Papers, Business School - Economics, University of Glasgow (1999) View citations (2)

1998

25. Inflation Contracts And Inflation Targets Under Uncertainty: Why We Might Need Conservative Bankers
    Working Papers, Business School - Economics, University of Glasgow View citations (7)
26. Institutional Change, Inflation Targeting and the Stability of Interest Rate Reaction Functions
    Working Papers, University of Milano-Bicocca, Department of Economics View citations (2)
    Also in Working Papers, Business School - Economics, University of Glasgow (1998) View citations (1)
27. The Interaction Between Business Cycles and Productivity Growth: Evidence from US Industrial Data
    Working Papers, Business School - Economics, University of Glasgow View citations (7)

1996

28. Flexibility, Structural Change and the Global Economy
    Working Papers, Business School - Economics, University of Glasgow
29. Institutional Change, Inflation Targets and the Stability of Interest Rate Reaction Functions in OECD Economies"
    Working Papers, Business School - Economics, University of Glasgow View citations (5)
30. Political Consensus, Uncertain Preferences and Central Bank Independence
    Working Papers, Business School - Economics, University of Glasgow
    See also Journal Article Political Consensus, Uncertain Preferences, and Central Bank Independence, Oxford Economic Papers, Oxford University Press (1998) View citations (4) (1998)

1992

31. Demand and Supply Factors in the Determination of NIE Exports: A Simultaneous Error-Correction Model for Hong Kong Exports
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (40)
    See also Journal Article Demand and Supply Factors in the Determination of NIE Exports: A Simultaneous Error-Correction Model for Hong Kong, Economic Journal, Royal Economic Society (1992) View citations (39) (1992)

1990

32. The Empirical Modelling of NIE Exports: An Evaluation of Different Approaches
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)

Undated

33. Business Cycles and Productivity Growth: Are Temporary Downturns Productive or Wasteful?
    Working Papers, Business School - Economics, University of Glasgow View citations (6)
    See also Journal Article Business cycles and productivity growth: Are temporary downturns productive or wasteful?, Research in Economics, Elsevier (1999) View citations (11) (1999)
34. Modelling Stock Market Excess Returns by Markov Modulated Gaussian Noise
    Working Papers, Business School - Economics, University of Glasgow
35. Real Exchange Rates in the Long Run: Evidence from Historical Data (Figures)
    Working Papers, Business School - Economics, University of Glasgow View citations (1)

Journal Articles

2023

1. INTRODUCTION TO THE SPECIAL ISSUE ON ADAM SMITH@300
   National Institute Economic Review, 2023, 265, 1-4

2022

2. PERSISTENT STATES: LESSONS FOR SCOTTISH DEVOLUTION AND INDEPENDENCE
   National Institute Economic Review, 2022, 260, 51-63
   See also Working Paper Persistent States: Lessons for Scottish Devolution and Independence, CESifo Working Paper Series (2022) (2022)

2020

3. Scotland: a world-leading Hydro Nation
   International Journal of Water Resources Development, 2020, 36, (2-3), 239-244

2012

4. A simple and flexible alternative to Stability and Growth Pact deficit ceilings. Is it at hand?
   European Journal of Political Economy, 2012, 28, (1), 14-26 View citations (15)
   See also Working Paper A simple and flexible alternative to the Stability and Growth Pact deficit ceilings. Is it at hand?, Working Papers (2010) View citations (1) (2010)

2008

5. Nonlinear Taylor Rules and Asymmetric Preferences in Central Banking: Evidence from the United Kingdom and the United States
   The B.E. Journal of Macroeconomics, 2008, 8, (1), 31 View citations (121)
6. The Role of Fiscal Policy in a Monetary Union: are National Automatic Stabilizers Effective?*
   Review of International Economics, 2008, 16, (3), 591-610 View citations (31)
   See also Working Paper The Role of Fiscal Policy in a Monetary Union: Are National Automatic Stabilizers Effective?, CESifo Working Paper Series (2006) View citations (5) (2006)

2007

7. Macroeconomic shocks, structural change and real exchange rates: Evidence from historical data
   Journal of International Money and Finance, 2007, 26, (8), 1403-1423 View citations (5)

2005

8. Analyzing the Interaction of Monetary and Fiscal Policy: Does Fiscal Policy Play a Valuable Role in Stabilisation?
   CESifo Economic Studies, 2005, 51, (4), 549-585 View citations (14)
   See also Working Paper Analyzing the Interaction of Monetary and Fiscal Policy: Does Fiscal Policy Play a Valuable Role in Stabilisation?, Working Papers (2005) View citations (13) (2005)
9. Fiscal consolidation and decentralisation: a tale of two tiers
   Fiscal Studies, 2005, 26, (2), 169-195 View citations (17)
   See also Working Paper FISCAL CONSOLIDATION AND DECENTRALISATION: A TALE OF TWO TIERS, Working Papers (2004) View citations (3) (2004)
10. Real business cycles, sticky wages or sticky prices? The impact of technology shocks on US manufacturing
    European Economic Review, 2005, 49, (3), 745-760 View citations (10)

2004

11. Fiscal and monetary policy interactions: Empirical evidence and optimal policy using a structural New-Keynesian model
    Journal of Macroeconomics, 2004, 26, (2), 257-280 View citations (63)
    See also Working Paper Fiscal and Monetary Policy Interactions: Empirical Evidence and Optimal Policy Using a Structural New Keynesian Model, CESifo Working Paper Series (2003) View citations (4) (2003)
12. Political uncertainty, public expenditure and growth
    European Journal of Political Economy, 2004, 20, (1), 153-179 View citations (47)
    See also Working Paper Political Uncertainty, Public Expenditure and Growth, CESifo Working Paper Series (2000) View citations (3) (2000)

2003

13. Some new international comparisons of productivity performance at the sectoral level
    Journal of the Royal Statistical Society Series A, 2003, 166, (1), 85-104 View citations (6)
14. ‘Policy Rules–the Next Steps’–Scottish Journal of Political Economy Special Issue
    Scottish Journal of Political Economy, 2003, 50, (5), i-iii

2002

15. Does Institutional Change Really Matter? Inflation Targets, Central Bank Reform and Interest Rate Policy in the OECD Countries
    Manchester School, 2002, 70, (4), 487-527 View citations (42)
    See also Working Paper Does Institutional Change Really Matter? Inflation Targets, Central Bank Reform and Interest Rate Policy in the OECD Countries, CESifo Working Paper Series (2000) View citations (13) (2000)
16. Monetary Policy on the Road to EMU: The Dominance of External Constraints on Domestic Objectives
    Annals of Economics and Statistics, 2002, (67-68), 389-414 View citations (1)

2001

17. Editorial
    Scottish Journal of Political Economy, 2001, 48, (2), 1-1
18. Unemployment and growth: some empirical evidence from structural time series models
    Applied Economics, 2001, 33, (8), 1083-1088 View citations (38)

2000

19. Fisher, Barro, and the Italian Interest Rate, 1845-93
    Journal of Policy Modeling, 2000, 22, (2), 149-169 View citations (2)
20. L'insegnamento dell'economia nelle università inglesi
    Rivista italiana degli economisti, 2000, (1), 163-174
21. Monetary Policy Rules, Policy Preferences, and Uncertainty: Recent Empirical Evidence
    Journal of Economic Surveys, 2000, 14, (5), 597-627 View citations (6)
22. The long-run stability of the demand for money: Italy 1861-1996
    Journal of Monetary Economics, 2000, 45, (3), 717-739 View citations (34)

1999

23. Business cycles and productivity growth: Are temporary downturns productive or wasteful?
    Research in Economics, 1999, 53, (4), 337-364 View citations (11)
    See also Working Paper Business Cycles and Productivity Growth: Are Temporary Downturns Productive or Wasteful?, Working Papers View citations (6)
24. Inflation Contracts and Inflation Targets under Uncertainty: Why We Might Need Conservative Central Bankers
    Economica, 1999, 66, (262), 241-254

1998

25. Credibility and Monetary Policy in a Model with Growth
    Oxford Economic Papers, 1998, 50, (4), 644-62
26. Optimal Inflation Contracts and Inflation Targets with Uncertain Central Bank Preferences: Accountability through Independence?
    Economic Journal, 1998, 108, (447), 529-42 View citations (74)
27. Political Consensus, Uncertain Preferences, and Central Bank Independence
    Oxford Economic Papers, 1998, 50, (3), 412-30 View citations (4)
    See also Working Paper Political Consensus, Uncertain Preferences and Central Bank Independence, Working Papers (1996) (1996)

1997

28. An Econometric and Historical Perspective on the Long-Run Stability of the Demand for Money: The Case of Italy
    Giornale degli Economisti, 1997, 56, (1-2), 41-65 View citations (3)
29. Political Economy: Whence and Whither?
    Scottish Journal of Political Economy, 1997, 44, (4), 353-358
30. Productivity shocks and employment: evidence from US industrial data
    Economics Letters, 1997, 57, (1), 97-105 View citations (2)

1996

31. Gibson's Paradox and Policy Regimes: A Comparison of the Experience in the US, UK and Italy
    Scottish Journal of Political Economy, 1996, 43, (4), 468-92 View citations (8)
32. Modeling Monetary Trends in Italy Using Historical Data: The Demand for Broad Money 1861-1990
    Economic Inquiry, 1996, 34, (3), 579-96 View citations (10)
33. Modelling the Demand for M4 in the U.K
    The Manchester School of Economic & Social Studies, 1996, 64, (1), 70-78 View citations (2)
34. SJPE Special Issue: Monetary Regimes and Monetary Trends in Historical Perspective: Editors' Introduction
    Scottish Journal of Political Economy, 1996, 43, (4), 369-78

1995

35. Modeling Aggregate Manufactured Exports for Some Asian Newly Industrialized Economies
    The Review of Economics and Statistics, 1995, 77, (1), 147-55 View citations (43)
36. The Term Structure of Interest Rates in the London Interbank Market
    Oxford Economic Papers, 1995, 47, (3), 419-36 View citations (34)

1994

37. Demand and Supply Factors in the Determination of NIE Exports: A Reply
    Economic Journal, 1994, 104, (427), 1415-17 View citations (2)
38. Intra-NIE competition in exports of manufactures
    Journal of International Economics, 1994, 37, (1-2), 29-47 View citations (18)

1992

39. Cointegration and Dynamic Time Series Models
    Journal of Economic Surveys, 1992, 6, (1), 1-43 View citations (52)
40. Demand and Supply Factors in the Determination of NIE Exports: A Simultaneous Error-Correction Model for Hong Kong
    Economic Journal, 1992, 102, (415), 1467-77 View citations (39)
    See also Working Paper Demand and Supply Factors in the Determination of NIE Exports: A Simultaneous Error-Correction Model for Hong Kong Exports, CEPR Discussion Papers (1992) View citations (40) (1992)
41. Testing Superexogeneity: The Demand for Broad Money in the UK
    Oxford Bulletin of Economics and Statistics, 1992, 54, (4), 543-56 View citations (9)
42. The Long‐run Properties of the Demand for M3 in South Africa
    South African Journal of Economics, 1992, 60, (2), 93-101 View citations (3)

1990

43. Cointegration, Financial Innovation and Modelling the Demand for Money in Italy
    The Manchester School of Economic & Social Studies, 1990, 58, (3), 242-59 View citations (25)
44. International Economic Co-operation
    Journal of Economic Surveys, 1990, 4, (1), 89-103
45. Monetary Targets, Buffer Stock Money and Money Market Dynamics
    Scottish Journal of Political Economy, 1990, 37, (2), 166-83

1989

46. A Comparison of the 'Rational Expectations' and 'General-to-Specific' Approaches to Modelling the Demand for M1
    Oxford Bulletin of Economics and Statistics, 1989, 51, (4), 353-75 View citations (7)
47. A. MUSCATELLI, L. PAPI - Un modello con aspettative razionali per la domanda di moneta: un giudizio critico
    Economia Internazionale / International Economics, 1989, 42, (1-2), 90-107

1988

48. Alternative Models of Buffer Stock Money: An Empirical Investigation
    Scottish Journal of Political Economy, 1988, 35, (1), 1-21 View citations (4)

Edited books

2007

1. Monetary Policy, Fiscal Policies and Labour Markets
   Cambridge Books, Cambridge University Press View citations (2)

2004

2. Monetary Policy, Fiscal Policies and Labour Markets
   Cambridge Books, Cambridge University Press View citations (55)