Details about Charles Nolan

Access statistics for papers by Charles Nolan.

Last updated 2024-07-04. Update your information in the RePEc Author Service.

Short-id: pno10

Working Papers

2024

1. On the Adaptation of the Lagrange Formalism to Continuous Time Stochastic Optimal Control: A Lagrange-Chow Redux
   Working Papers, Business School - Economics, University of Glasgow
   See also Journal Article On the adaptation of the Lagrange formalism to continuous time stochastic optimal control: A Lagrange-Chow redux, Journal of Economic Dynamics and Control, Elsevier (2024) (2024)
2. Prudential Fiscal Stimulus
   Working Papers, Business School - Economics, University of Glasgow

2019

3. Default, Bailouts and the Vertical Structure of Financial Intermediaries
   Working Papers, Durham University Business School View citations (1)
   See also Journal Article Default, Bailouts and the Vertical Structure of Financial Intermediaries, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) View citations (3) (2020)

2017

4. Disputes, Debt and Equity
   Studies in Economics, School of Economics, University of Kent View citations (2)
   Also in Working Papers, Business School - Economics, University of Glasgow (2014) View citations (2)
   SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) (2014) View citations (2)
   See also Journal Article Disputes, debt and equity, Theoretical Economics, Econometric Society (2019) (2019)
5. Financial Frictions in Macroeconomic Models
   Studies in Economics, School of Economics, University of Kent View citations (5)
6. Liquidity Risk, Credit Risk and the Money Multiplier
   Working Papers, Business School - Economics, University of Glasgow
7. Unconditionally Optimal Ramsey policy
   CEGAP Working Papers, Durham University Business School
   See also Journal Article Unconditionally optimal Ramsey policy, Journal of Macroeconomics, Elsevier (2021) (2021)

2016

8. Deep Recessions and Slow Recoveries
   Working Papers, Business School - Economics, University of Glasgow
9. Optimal Bailout of Systemic Banks
   Working Papers, Athens University Of Economics and Business, Department of Economics
   Also in Working Papers, Business School - Economics, University of Glasgow (2016)
10. Risk Management and the Money Multiplier
    CEGAP Working Papers, Durham University Business School

2015

11. Always and Everywhere Inflation? Treasuries Variance Decomposition and the Impact of Monetary Policy
    Working Papers, Business School - Economics, University of Glasgow View citations (2)
12. Objectives and Challenges of Macroprudential Policy
    Working Papers, Business School - Economics, University of Glasgow View citations (5)
13. Transaction Costs and Institutions: Investments in Exchange
    Working Papers, Business School - Economics, University of Glasgow
    Also in SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) (2015)
    See also Journal Article Transaction Costs and Institutions: Investments in Exchange, The B.E. Journal of Theoretical Economics, De Gruyter (2015) (2015)

2014

14. Computing Markov-Perfect Optimal Policies in Business-Cycle Models
    Working Papers, Business School - Economics, University of Glasgow View citations (1)
15. Monetary Policy in Times of Financial Stress
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE)
    Also in Working Papers, Business School - Economics, University of Glasgow (2014)

2013

16. Universal vs separated banking with deposit insurance in a macro model
    Discussion Papers, University of Exeter, Department of Economics View citations (7)

2012

17. Universal banking, competition and risk in a macro model
    Discussion Papers, University of Exeter, Department of Economics View citations (3)
    Also in SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) (2012) View citations (2)

2011

18. Ordering Policy Rules with an Unconditional Welfare Measure
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) View citations (1)
    Also in SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) (2011) View citations (1)
    Working Papers, Business School - Economics, University of Glasgow (2011) View citations (1)
    See also Journal Article Ordering Policy Rules with an Unconditional Welfare Measure, International Journal of Central Banking, International Journal of Central Banking (2015) View citations (3) (2015)
19. Transaction Costs and Institutions
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) View citations (1)
    Also in Working Papers, Business School - Economics, University of Glasgow (2011) View citations (1)

2010

20. Second-Order Approximation to the Rotemberg Model around a Distorted Steady State
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE)
    See also Journal Article Second-order approximation to the Rotemberg model around a distorted steady state, Economics Letters, Elsevier (2011) View citations (5) (2011)

2008

21. Financial shocks and the US business cycle
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) View citations (1)
    See also Journal Article Financial shocks and the US business cycle, Journal of Monetary Economics, Elsevier (2009) View citations (123) (2009)
22. Seigniorage-maximizing inflation
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) View citations (2)
23. The Optimum Quantity of Money with Gold Reserves
    CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis

2004

24. The Impact Of Imperfect Credibility In A Transition To Price Stability
    Royal Economic Society Annual Conference 2004, Royal Economic Society View citations (7)
    Also in Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group (2004) View citations (4)
    See also Journal Article The Impact of Imperfect Credibility in a Transition to Price Stability, Journal of Money, Credit and Banking, Blackwell Publishing (2006) View citations (26) (2006)

2003

25. On the Interaction of Monetary and Fiscal Policy
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (18)

2002

26. Inflation and Price Level Targeting in a New Keynesian Model
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (16)
    See also Journal Article Inflation and Price Level Targeting in a New Keynesian Model, Manchester School, University of Manchester (2002) View citations (11) (2002)
27. Optimal Simple Rules for the Conduct of Monetary and Fiscal Policy
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (6)
    See also Journal Article Optimal simple rules for the conduct of monetary and fiscal policy, Journal of Macroeconomics, Elsevier (2007) View citations (43) (2007)
28. Output, Inflation and the New Keynesian Phillips Curve
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (8)
    See also Journal Article Output, Inflation and the New Keynesian Phillips Curve, International Review of Applied Economics, Taylor & Francis Journals (2004) View citations (6) (2004)

2001

29. Productivity and Preferences in a Small Open Economy
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (16)
    See also Journal Article Productivity and Preferences in a Small Open Economy, Manchester School, University of Manchester (2001) View citations (15) (2001)
30. Supply Shocks and the ‘Natural Rate of Interest': an Exploration
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (6)

2000

31. An Examination of UK Business Cycle Fluctuations: 1871-1997
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (2)

1999

32. Inflation Targeting, Transparency and Interest Rate Volatility: Ditching 'Monetary Mystique' in the UK
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (16)
    See also Journal Article Inflation Targeting, Transparency and Interest Rate Volatility: Ditching Monetary Mystique in the U.K, Journal of Macroeconomics, Elsevier (2001) View citations (46) (2001)
33. Monetary stabilisation policy in a monetary union: some simple analytics
    Bank of England working papers, Bank of England View citations (9)
    See also Journal Article Monetary Stabilisation Policy in a Monetary Union: Some Simple Analytics, Scottish Journal of Political Economy, Scottish Economic Society (2002) View citations (13) (2002)

1996

34. Feasible Mechanisms for Achieving Monetary Stability: a Comparison of Inflation Targeting and the ERM
    Bank of England working papers, Bank of England
35. Mechanisms for Achieving Monetary Stability: Inflation Targeting Versus the ERM
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    See also Journal Article Mechanisms for Achieving Monetary Stability: Inflation Targeting versus the ERM, Journal of Money, Credit and Banking, Blackwell Publishing (1997) View citations (20) (1997)
36. Monetary Policy Uncertainty and Central Bank Accountability
    Bank of England working papers, Bank of England View citations (36)

Journal Articles

2024

1. On the adaptation of the Lagrange formalism to continuous time stochastic optimal control: A Lagrange-Chow redux
   Journal of Economic Dynamics and Control, 2024, 162, (C)
   See also Working Paper On the Adaptation of the Lagrange Formalism to Continuous Time Stochastic Optimal Control: A Lagrange-Chow Redux, Working Papers (2024) (2024)

2021

2. Deep recessions
   Economic Modelling, 2021, 96, (C), 310-323
3. Unconditionally optimal Ramsey policy
   Journal of Macroeconomics, 2021, 69, (C)
   See also Working Paper Unconditionally Optimal Ramsey policy, CEGAP Working Papers (2017) (2017)

2020

4. Default, Bailouts and the Vertical Structure of Financial Intermediaries
   Review of Economic Dynamics, 2020, 38, 154-180 View citations (3)
   See also Working Paper Default, Bailouts and the Vertical Structure of Financial Intermediaries, Working Papers (2019) View citations (1) (2019)
   Software Item Code and data files for "Default, Bailouts and the Vertical Structure of Financial Intermediaries", Computer Codes (2020) (2020)
5. Reform of the UK Financial Policy Committee
   Scottish Journal of Political Economy, 2020, 67, (1), 1-30

2019

6. Disputes, debt and equity
   Theoretical Economics, 2019, 14, (3)
   See also Working Paper Disputes, Debt and Equity, Studies in Economics (2017) View citations (2) (2017)
7. Treasuries variance decomposition and the impact of monetary policy
   International Journal of Finance & Economics, 2019, 24, (4), 1506-1519 View citations (1)

2015

8. Ordering Policy Rules with an Unconditional Welfare Measure
   International Journal of Central Banking, 2015, 11, (1), 103-149 View citations (3)
   See also Working Paper Ordering Policy Rules with an Unconditional Welfare Measure, SIRE Discussion Papers (2011) View citations (1) (2011)
9. Transaction Costs and Institutions: Investments in Exchange
   The B.E. Journal of Theoretical Economics, 2015, 15, (2), 391-432
   See also Working Paper Transaction Costs and Institutions: Investments in Exchange, Working Papers (2015) (2015)

2012

10. S,s pricing in a dynamic equilibrium model with heterogeneous sectors
    Journal of Economic Dynamics and Control, 2012, 36, (4), 550-567

2011

11. Second-order approximation to the Rotemberg model around a distorted steady state
    Economics Letters, 2011, 110, (2), 132-135 View citations (5)
    See also Working Paper Second-Order Approximation to the Rotemberg Model around a Distorted Steady State, SIRE Discussion Papers (2010) (2010)

2010

12. Relative Price Distortions and Inflation Persistence
    Economic Journal, 2010, 120, (547), 1080-1099 View citations (15)
13. Seigniorage-Maximizing Inflation under Sticky Prices
    Journal of Money, Credit and Banking, 2010, 42, (2-3), 503-519 View citations (9)
    Also in Journal of Money, Credit and Banking, 2010, 42, (2‐3), 503-519 (2010) View citations (2)

2009

14. Financial shocks and the US business cycle
    Journal of Monetary Economics, 2009, 56, (4), 596-604 View citations (123)
    See also Working Paper Financial shocks and the US business cycle, SIRE Discussion Papers (2008) View citations (1) (2008)

2008

15. Labour markets and firm-specific capital in New Keynesian general equilibrium models
    Journal of Macroeconomics, 2008, 30, (3), 817-843 View citations (2)
16. Unconditionally optimal monetary policy
    Journal of Monetary Economics, 2008, 55, (3), 491-500 View citations (34)

2007

17. INDEPENDENCE DAY FOR THE ‘OLD LADY’: A NATURAL EXPERIMENT ON THE IMPLICATIONS OF CENTRAL BANK INDEPENDENCE*
    Manchester School, 2007, 75, (3), 311-327 View citations (7)
18. Optimal simple rules for the conduct of monetary and fiscal policy
    Journal of Macroeconomics, 2007, 29, (4), 665-689 View citations (43)
    See also Working Paper Optimal Simple Rules for the Conduct of Monetary and Fiscal Policy, Cambridge Working Papers in Economics (2002) View citations (6) (2002)
19. THE IMPACT OF SIMPLE FISCAL RULES IN GROWTH MODELS WITH PUBLIC GOODS AND CONGESTION*
    Manchester School, 2007, 75, (5), 634-651 View citations (6)

2006

20. Aggregation and Optimization with State-Dependent Pricing: A Comment
    Econometrica, 2006, 74, (2), 565-573 View citations (6)
21. SOME WELFARE IMPLICATIONS OF OPTIMAL STABILISATION POLICY IN AN ECONOMY WITH CAPITAL AND STICKY PRICES
    Scottish Journal of Political Economy, 2006, 53, (1), 47-71
22. The Impact of Imperfect Credibility in a Transition to Price Stability
    Journal of Money, Credit and Banking, 2006, 38, (1), 47-66 View citations (26)
    See also Working Paper The Impact Of Imperfect Credibility In A Transition To Price Stability, Royal Economic Society Annual Conference 2004 (2004) View citations (7) (2004)

2004

23. Interest rate bounds and fiscal policy
    Economics Letters, 2004, 84, (1), 9-15 View citations (4)
24. Output, Inflation and the New Keynesian Phillips Curve
    International Review of Applied Economics, 2004, 18, (3), 271-287 View citations (6)
    See also Working Paper Output, Inflation and the New Keynesian Phillips Curve, Cambridge Working Papers in Economics (2002) View citations (8) (2002)

2003

25. ‘Policy Rules–the Next Steps’–Scottish Journal of Political Economy Special Issue
    Scottish Journal of Political Economy, 2003, 50, (5), i-iii

2002

26. A Long View of the UK Business Cycle
    National Institute Economic Review, 2002, 182, 72-89 View citations (1)
    Also in National Institute Economic Review, 2002, 182, (1), 72-89 (2002) View citations (9)
27. Inflation and Price Level Targeting in a New Keynesian Model
    Manchester School, 2002, 70, (4), 570-595 View citations (11)
    See also Working Paper Inflation and Price Level Targeting in a New Keynesian Model, Cambridge Working Papers in Economics (2002) View citations (16) (2002)
28. Monetary Stabilisation Policy in a Monetary Union: Some Simple Analytics
    Scottish Journal of Political Economy, 2002, 49, (2), 196-215 View citations (13)
    See also Working Paper Monetary stabilisation policy in a monetary union: some simple analytics, Bank of England working papers (1999) View citations (9) (1999)

2001

29. Inflation Targeting, Transparency and Interest Rate Volatility: Ditching Monetary Mystique in the U.K
    Journal of Macroeconomics, 2001, 23, (3), 349-366 View citations (46)
    See also Working Paper Inflation Targeting, Transparency and Interest Rate Volatility: Ditching 'Monetary Mystique' in the UK, Cambridge Working Papers in Economics (1999) View citations (16) (1999)
30. Productivity and Preferences in a Small Open Economy
    Manchester School, 2001, 69, (s1), 57-80 View citations (15)
    See also Working Paper Productivity and Preferences in a Small Open Economy, Cambridge Working Papers in Economics (2001) View citations (16) (2001)

1997

31. Mechanisms for Achieving Monetary Stability: Inflation Targeting versus the ERM
    Journal of Money, Credit and Banking, 1997, 29, (1), 46-60 View citations (20)
    See also Working Paper Mechanisms for Achieving Monetary Stability: Inflation Targeting Versus the ERM, CEPR Discussion Papers (1996) View citations (7) (1996)

Edited books

2003

1. Dynamic Macroeconomic Analysis
   Cambridge Books, Cambridge University Press View citations (143)
2. Dynamic Macroeconomic Analysis
   Cambridge Books, Cambridge University Press View citations (143)

Software Items

2020

1. Code and data files for "Default, Bailouts and the Vertical Structure of Financial Intermediaries"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Default, Bailouts and the Vertical Structure of Financial Intermediaries, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) View citations (3) (2020)