Details about George S. Tavlas
Access statistics for papers by George S. Tavlas.
Last updated 2024-08-28. Update your information in the RePEc Author Service.
Short-id: pta193
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Working Papers
2024
- Carl Snyder, the Real Bills Doctrine, and the New York Fed in the Great Depression
SocArXiv, Center for Open Science
- The Long and Unfinished Road to Friedman and Meiselman’s “The Relative Stability of Monetary Velocity and the Investment Multiplier”
SocArXiv, Center for Open Science 
See also Journal Article THE LONG AND UNFINISHED ROAD TO FRIEDMAN AND MEISELMAN’S “THE RELATIVE STABILITY OF MONETARY VELOCITY AND THE INVESTMENT MULTIPLIER”, Journal of the History of Economic Thought, Cambridge University Press (2024) (2024)
2023
- Fast Two-Stage Variational Bayesian Approach to Estimating Panel Spatial Autoregressive Models with Unrestricted Spatial Weights Matrices
Papers, arXiv.org
- Forecasting inflation: the use of dynamic factor analysis and nonlinear combinations
Working Papers, Bank of Greece 
Also in Discussion Papers, Department of Economics, University of Birmingham (2022) 
See also Journal Article Forecasting inflation: The use of dynamic factor analysis and nonlinear combinations, Journal of Forecasting, John Wiley & Sons, Ltd. (2023) View citations (4) (2023)
- Identifying spatial interdependence in panel data with large N and small T
Papers, arXiv.org View citations (1)
2022
- Drivers and Spillover Effects of Inflation: the United States, the Euro Area, and the United Kingdom
Discussion Papers, Department of Economics, University of Birmingham 
Also in Working Papers, Bank of Greece (2022)
- Milton Friedman and the road to monetarism: a review essay
Working Papers, Bank of Greece View citations (3)
2021
- A Reconsideration of the Doctrinal Foundations of Monetary-Policy Rules: Fisher versus Chicago
OSF Preprints, Center for Open Science View citations (4)
Also in Working Papers, Bank of Greece (2019) View citations (2)
See also Journal Article A RECONSIDERATION OF THE DOCTRINAL FOUNDATIONS OF MONETARY POLICY RULES: FISHER VERSUS CHICAGO, Journal of the History of Economic Thought, Cambridge University Press (2021) View citations (4) (2021)
- On the Evolution of the Rules versus Discretion Debate
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
2020
- A Suggestion for a Dynamic Multi Factor Model (DMFM)
Working Papers, Bank of Greece 
See also Journal Article A SUGGESTION FOR A DYNAMIC MULTIFACTOR MODEL (DMFM), Macroeconomic Dynamics, Cambridge University Press (2022) (2022)
- Did the absence of a central bank backstop in the sovereign bond markets exacerbate spillovers during the euro-area crisis?
Working Papers, Bank of Greece View citations (2)
- On the controversy over the origins of the Chicago Plan for 100 percent reserves
Working Papers, Bank of Greece View citations (3)
- The effect of Emergency Liquidity Assistance (ELA) on bank lending during the euro area crisis
Working Papers, Bank of Greece View citations (1)
Also in Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester (2019) View citations (3)
See also Journal Article The effect of emergency liquidity assistance (ELA) on bank lending during the euro area crisis, Journal of International Money and Finance, Elsevier (2020) View citations (1) (2020)
- “The Initiated”: Aaron Director and the Chicago Monetary Tradition
OSF Preprints, Center for Open Science 
See also Journal Article “THE INITIATED”: AARON DIRECTOR AND THE CHICAGO MONETARY TRADITION, Journal of the History of Economic Thought, Cambridge University Press (2022) (2022)
2019
- On the Effects of the ECB’s Funding Policies on Bank Lending and the Demand for the Euro as an International Reserve
GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit 
Also in Working Papers, Bank of Greece (2019)
- The Dog that Didn’t Bark: The Curious Case of Lloyd Mints, Milton Friedman and the Emergence of Monetarism
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
- The dog that didn’t bark: the curious case of Lloyd Mints, Milton Friedman and the emergence of monetarism
Working Papers, Bank of Greece View citations (3)
2017
- Milton Friedman and the case for flexible exchange rates and monetary rules
Working Papers, Bank of Greece View citations (3)
2016
- A Method for Measuring Treatment Effects on the Treated without Randomization
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (4)
See also Journal Article A Method for Measuring Treatment Effects on the Treated without Randomization, Econometrics, MDPI (2016) View citations (4) (2016)
- How Friedman and Schwartz became monetarists
Working Papers, Bank of Greece View citations (8)
See also Journal Article How Friedman and Schwartz Became Monetarists, Journal of Money, Credit and Banking, Blackwell Publishing (2018) View citations (8) (2018)
- Measuring Systemic Stress in European Banking Systems*
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (1)
- New perspectives on the Great Depression: a review essay
Working Papers, Bank of Greece 
See also Journal Article New Perspectives on the Great Depression: A Review Essay, International Finance, Wiley Blackwell (2016) (2016)
- Removing Specification Errors from the Usual Formulation of Binary Choice Models*
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (1)
See also Journal Article Removing Specification Errors from the Usual Formulation of Binary Choice Models, Econometrics, MDPI (2016) View citations (1) (2016)
- Self-fulfilling dynamics: The interactions of sovereign spreads, sovereign ratings and bank ratings during the euro financial crisis*
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (1)
Also in Working Papers, Bank of Greece (2016) View citations (1)
See also Journal Article Self-fulfilling dynamics: The interactions of sovereign spreads, sovereign ratings and bank ratings during the euro financial crisis, Journal of International Money and Finance, Elsevier (2017) View citations (26) (2017)
2015
- How the Euro-Area Sovereign-Debt Crisis Led to a Collapse in Bank Equity Prices
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester 
Also in Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester (2014)  Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester (2015) 
See also Journal Article How the euro-area sovereign-debt crisis led to a collapse in bank equity prices, Journal of Financial Stability, Elsevier (2016) View citations (15) (2016)
- The Effectiveness of The ECB’s Asset Purchase Programs Of 2009 To 2012
Working Papers, Bank of Greece View citations (1)
Also in Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester (2015) 
See also Journal Article The effectiveness of the ECB's asset purchase programs of 2009 to 2012, Journal of Macroeconomics, Elsevier (2016) View citations (41) (2016)
2014
- Are All Sovereigns Equal? A Test of the Common Determination of Sovereign Spreads in the Euro Area
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester 
See also Journal Article Are all sovereigns equal? A test of the common determination of sovereign spreads in the euro area, Empirical Economics, Springer (2015) View citations (9) (2015)
- Doom-loops: The Role of Rating Agencies in the Euro Financial Crisis
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (1)
- In old Chicago: Simons, Friedman and the development of monetary-policy rules
Working Papers, Bank of Greece View citations (4)
See also Journal Article In Old Chicago: Simons, Friedman, and the Development of Monetary‐Policy Rules, Journal of Money, Credit and Banking, Blackwell Publishing (2015) View citations (20) (2015)
- On the Interpretation of Instrumental Variables in the Presence of Specification Errors
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester 
See also Journal Article On the Interpretation of Instrumental Variables in the Presence of Specification Errors, Econometrics, MDPI (2015) View citations (9) (2015)
- Time Varying Coefficient Models; A Proposal for selecting the Coefficient Driver Sets
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (2)
See also Journal Article TIME-VARYING COEFFICIENT MODELS: A PROPOSAL FOR SELECTING THE COEFFICIENT DRIVER SETS, Macroeconomic Dynamics, Cambridge University Press (2017) View citations (6) (2017)
2013
- FUNDAMENTALLY WRONG: MARKET PRICING OF SOVEREIGNS AND THE GREEK FINANCIAL CRISIS
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (3)
Also in Special Conference Papers, Bank of Greece (2013) View citations (9)
See also Journal Article Fundamentally Wrong: Market Pricing of Sovereigns and the Greek Financial Crisis, Journal of Macroeconomics, Elsevier (2014) View citations (39) (2014)
- Is the Relationship Between Prices and Exchange Rates Homogeneous?
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (15)
See also Journal Article Is the relationship between prices and exchange rates homogeneous?, Journal of International Money and Finance, Elsevier (2013) View citations (14) (2013)
- Measuring Currency Pressures: The Cases of the Japanese Yen, the Chinese Yuan, and the U.K. Pound
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (16)
See also Journal Article Measuring currency pressures: The cases of the Japanese yen, the Chinese yuan, and the UK pound, Journal of the Japanese and International Economies, Elsevier (2013) View citations (16) (2013)
- The crisis in the euro area: an analytic overview
Special Conference Papers, Bank of Greece View citations (15)
See also Journal Article The Crisis in the Euro Area: An Analytic Overview, Journal of Macroeconomics, Elsevier (2014) View citations (16) (2014)
2012
- Milton Friedman, the Demand for Money and the ECB’s Monetary-Policy Strategy
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (14)
See also Journal Article Milton Friedman, the demand for money, and the ECB’s monetary policy strategy, Review, Federal Reserve Bank of St. Louis (2012) View citations (3) (2012)
- The Debate about the Revived Bretton-Woods Regime: A Survey and Extension of the Literature
School of Economics Working Paper Series, LeBow College of Business, Drexel University 
Also in Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester (2011) View citations (5)
See also Journal Article THE DEBATE ABOUT THE REVIVED BRETTON-WOODS REGIME: A SURVEY AND EXTENSION OF THE LITERATURE, Journal of Economic Surveys, Wiley Blackwell (2013) View citations (9) (2013)
- The road to Ithaca: the Gold Standard, the Euro and the origins of the Greek sovereign debt crisis
Working Papers, Bank of Greece View citations (12)
2011
- Generalized Cointegration: A New Concept with an Application to Health Expenditure and Health Outcomes
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (2)
See also Journal Article Generalized cointegration: a new concept with an application to health expenditure and health outcomes, Empirical Economics, Springer (2012) View citations (10) (2012)
- In the neighbourhood: the trade effects of the euro in a spatial framework
Working Papers, Bank of Greece View citations (5)
See also Journal Article In the neighborhood: The trade effects of the Euro in a spatial framework, Regional Science and Urban Economics, Elsevier (2012) View citations (15) (2012)
- The Forward Rate Premium Puzzle: A Resolution?
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (6)
- The Greek financial crisis: growing imbalances and sovereign spreads
Working Papers, Bank of Greece View citations (17)
Also in Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester (2011) View citations (20)
See also Journal Article The Greek financial crisis: Growing imbalances and sovereign spreads, Journal of International Money and Finance, Elsevier (2012) View citations (80) (2012)
- The Nonexistence of Instrumental Variables
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester 
Also in Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester (2009) View citations (4)
- The fatal flaw: the revived Bretton-woods system, liquidity creation, and commodity-price bubbles
Working Papers, Bank of Greece View citations (5)
2010
- An Optimum Currency Area Odyssey
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
Also in Working Papers, Bank of Greece (2009) View citations (78)
See also Journal Article An optimum-currency-area odyssey, Journal of International Money and Finance, Elsevier (2009) View citations (79) (2009)
- Bretton-Woods systems, old and new, and the rotation of exchange-rate regimes
Working Papers, Bank of Greece View citations (2)
Also in Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester (2009) View citations (1)
See also Journal Article BRETTON‐WOODS SYSTEMS, OLD AND NEW, AND THE ROTATION OF EXCHANGE‐RATE REGIMES, Manchester School, University of Manchester (2011) View citations (3) (2011)
2009
- Assessing the Casual Relationship between Euro-Area Money and Price in Time-Varying Environment
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (6)
- Time-Varying Coefficient Estimation in the Presence of Non-Stationarity
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (2)
2008
- A Portfolio Balance Approach to Euro-Area Money Demand in a Time-Varying Environment
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (15)
Also in Working Papers, Bank of Greece (2007) View citations (5)
- Estimation of Parameters in the Presence of Model misspecification and Measurement Error
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (12)
See also Journal Article Estimation of Parameters in the Presence of Model Misspecification and Measurement Error, Studies in Nonlinear Dynamics & Econometrics, De Gruyter (2010) View citations (22) (2010)
- The Benefits and Costs of Monetary Union in Southern Africa: A Critical Survey of the Literature
Working Papers, Bank of Greece View citations (12)
Also in Working Papers, South African Reserve Bank (2007) 
See also Journal Article THE BENEFITS AND COSTS OF MONETARY UNION IN SOUTHERN AFRICA: A CRITICAL SURVEY OF THE LITERATURE, Journal of Economic Surveys, Wiley Blackwell (2009) View citations (20) (2009)
- The Classification and Perfomance of Alternative Exchange-Rate Systems
Working Papers, Bank of Greece View citations (8)
See also Journal Article The classification and performance of alternative exchange-rate systems, European Economic Review, Elsevier (2008) View citations (62) (2008)
- The New Keynesian Phillips Curve and Lagged Inflation: A Case of Spurious Correlation?
Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (3)
Also in Working Papers, Bank of Greece (2007) View citations (15)
See also Journal Article The New Keynesian Phillips Curve and Lagged Inflation: A Case of Spurious Correlation?, Southern Economic Journal, John Wiley & Sons (2009) (2009)
2007
- Content
Working Papers, South African Reserve Bank
2006
- The New Keynesian Phillips Curve and Inflation Expectations: Re-Specification and Interpretation
Working Papers, Bank of Greece View citations (8)
See also Journal Article The New Keynesian Phillips Curve and Inflation Expectations: Re-Specification and Interpretation, Economic Theory, Springer (2007) View citations (25) (2007)
2005
- Some Further Evidence on Exchange-Rate Volatility and Exports
Working Papers, Bank of Greece View citations (11)
See also Journal Article Some Further Evidence on Exchange-Rate Volatility and Exports, Review of World Economics (Weltwirtschaftliches Archiv), Springer (2008) View citations (37) (2008)
2004
- The Global Implications of Regional Exchange Rate Regines
Working Papers, Bank of Greece 
Also in Working Papers, Hong Kong Institute for Monetary Research (2003) 
See also Journal Article The global implications of regional exchange rate regimes, Journal of International Money and Finance, Elsevier (2005) View citations (4) (2005)
- Wage Rigidity and Monetary Union
Working Papers, Bank of Greece View citations (11)
Also in Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft (2002) View citations (4) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (10)
See also Journal Article Wage Rigidity and Monetary Union, Economic Journal, Royal Economic Society (2005) View citations (32) (2005)
2003
- Empirical Modelling of Money Demand in Periods of Structural Change: The Case of Greece
Working Papers, Bank of Greece View citations (25)
See also Journal Article Empirical Modelling of Money Demand in Periods of Structural Change: The Case of Greece, Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford (2003) View citations (25) (2003)
- How stable are monetary policy rules: Estimating the time-varying coefficients in a monetary policy reaction function for the U.S
Computing in Economics and Finance 2003, Society for Computational Economics View citations (1)
See also Journal Article How stable are monetary policy rules: estimating the time-varying coefficients in monetary policy reaction function for the US, Computational Statistics & Data Analysis, Elsevier (2005) View citations (11) (2005)
1993
- Random coefficient models: theory and applications
Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (6)
See also Journal Article Random Coefficient Models: Theory and Applications, Journal of Economic Surveys, Wiley Blackwell (1995) View citations (52) (1995)
1992
- The Internationalization of Currencies: An Appraisal of the Japanese Yen
IMF Occasional Papers, International Monetary Fund View citations (52)
1991
- On the International Use of Currencies: the Case of the Deutsche Mark
Princeton Studies in International Economics, International Economics Section, Departement of Economics Princeton University, View citations (60)
- The Japanese Yen as an International Currency
IMF Working Papers, International Monetary Fund View citations (19)
- What Have We Learned About Estimating the Demand for Money? a Multicountry Evaluation of Some New Approaches
IMF Working Papers, International Monetary Fund View citations (4)
1990
- Is it possible to find an econometric law that works well in explanation and prediction? The case of Australian money demand
Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (4)
1989
- Forecasting Australian monetary aggregates
Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
1988
- Modeling buffer stock money - an appraisal
Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
See also Journal Article Modeling buffer stock money: an appraisal, Journal of Policy Modeling, Elsevier (1989) View citations (2) (1989)
1987
- Financial deregulation, the demand for money, and monetary policy in Australia
Special Studies Papers, Board of Governors of the Federal Reserve System (U.S.)
See also Journal Article Financial Deregulation, the Demand for Money, and Monetary Policy in Australia, IMF Staff Papers, Palgrave Macmillan (1989) View citations (6) (1989)
Journal Articles
2025
- On the Detection of Structural Breaks: The Case of the Covid Shock
Journal of Forecasting, 2025, 44, (3), 1042-1070
- Policymaking in Periods of Structural Changes and Structural Breaks: Rolling Windows Revisited
Journal of Forecasting, 2025, 44, (3), 851-855
2024
- An evaluation of the inflation forecasting performance of the European Central Bank, the Federal Reserve, and the Bank of England
Journal of Forecasting, 2024, 43, (4), 932-947 View citations (1)
- Forecasting in turbulent times
Journal of Forecasting, 2024, 43, (4), 819-826 View citations (1)
- Inflation forecasting with rolling windows: An appraisal
Journal of Forecasting, 2024, 43, (4), 827-851
- On the Controversy over the Origins of the Chicago Plan for 100% Reserves: Sorry, Frederick Soddy, it was Knight and (Most Probably) Simons!
Journal of Money, Credit and Banking, 2024, 56, (6), 1573-1594
- Quantifying spillovers among regions
Journal of International Money and Finance, 2024, 140, (C)
- THE LONG AND UNFINISHED ROAD TO FRIEDMAN AND MEISELMAN’S “THE RELATIVE STABILITY OF MONETARY VELOCITY AND THE INVESTMENT MULTIPLIER”
Journal of the History of Economic Thought, 2024, 46, (2), 201-224 
See also Working Paper The Long and Unfinished Road to Friedman and Meiselman’s “The Relative Stability of Monetary Velocity and the Investment Multiplier”, SocArXiv (2024) (2024)
2023
- A test to select between spatial weighting matrices
Journal of Spatial Econometrics, 2023, 4, (1), 1-10 View citations (1)
- Advances in forecasting: An introduction in light of the debate on inflation forecasting
Journal of Forecasting, 2023, 42, (3), 455-463 View citations (1)
- Drivers and spillover effects of inflation: The United States, the euro area, and the United Kingdom☆
Journal of International Money and Finance, 2023, 131, (C) View citations (9)
- Forecasting inflation: The use of dynamic factor analysis and nonlinear combinations
Journal of Forecasting, 2023, 42, (3), 514-529 View citations (4)
See also Working Paper Forecasting inflation: the use of dynamic factor analysis and nonlinear combinations, Working Papers (2023) (2023)
2022
- A SUGGESTION FOR A DYNAMIC MULTIFACTOR MODEL (DMFM)
Macroeconomic Dynamics, 2022, 26, (6), 1423-1443 
See also Working Paper A Suggestion for a Dynamic Multi Factor Model (DMFM), Working Papers (2020) (2020)
- An investigation into feedback and spatial relationships between banks’ share prices and sovereign bond spreads during the euro crisis
Journal of Financial Stability, 2022, 63, (C) View citations (1)
- Financial risks, monetary policy in the QE era, and regulation
Journal of Financial Stability, 2022, 63, (C) View citations (3)
- Retrospectives: On the Evolution of the Rules versus Discretion Debate in Monetary Policy
Journal of Economic Perspectives, 2022, 36, (3), 245-60 View citations (4)
- “THE INITIATED”: AARON DIRECTOR AND THE CHICAGO MONETARY TRADITION
Journal of the History of Economic Thought, 2022, 44, (1), 1-23 
See also Working Paper “The Initiated”: Aaron Director and the Chicago Monetary Tradition, OSF Preprints (2020) (2020)
2021
- A RECONSIDERATION OF THE DOCTRINAL FOUNDATIONS OF MONETARY POLICY RULES: FISHER VERSUS CHICAGO
Journal of the History of Economic Thought, 2021, 43, (1), 55-82 View citations (4)
See also Working Paper A Reconsideration of the Doctrinal Foundations of Monetary-Policy Rules: Fisher versus Chicago, OSF Preprints (2021) View citations (4) (2021)
- Cross-country spillovers of national financial markets and the effectiveness of ECB policies during the euro-area crisis
Oxford Economic Papers, 2021, 73, (4), 1454-1470 View citations (2)
- Ten years after the start of the euro crisis: lessons for financial markets and macroeconomic policies
Oxford Economic Papers, 2021, 73, (4), 1392-1403 View citations (1)
2020
- A Monte Carlo Study of Time Varying Coefficient (TVC) Estimation
Computational Economics, 2020, 56, (1), 115-130 View citations (1)
- Nonlinear forecast combinations: An example using euro-area real GDP growth
Journal of Economic Behavior & Organization, 2020, 180, (C), 579-589 View citations (1)
- On the effects of the ECB’s funding policies on bank lending
Journal of International Money and Finance, 2020, 102, (C)
- The effect of emergency liquidity assistance (ELA) on bank lending during the euro area crisis
Journal of International Money and Finance, 2020, 108, (C) View citations (1)
See also Working Paper The effect of Emergency Liquidity Assistance (ELA) on bank lending during the euro area crisis, Working Papers (2020) View citations (1) (2020)
2019
- "The Group": The Making of the Chicago Monetary Tradition, 1927–36
History of Political Economy, 2019, 51, (2), 259-296
- The intellectual origins of the monetarist counter-revolution reconsidered: how Clark Warburton influenced Milton Friedman’s monetary thinking
Oxford Economic Papers, 2019, 71, (3), 645-665 View citations (13)
2018
- How Friedman and Schwartz Became Monetarists
Journal of Money, Credit and Banking, 2018, 50, (4), 757-787 View citations (8)
See also Working Paper How Friedman and Schwartz became monetarists, Working Papers (2016) View citations (8) (2016)
- Measuring systemic vulnerability in European banking systems
Journal of Financial Stability, 2018, 36, (C), 279-292 View citations (7)
- The macroeconomic and fiscal implications of inflation forecast errors
Journal of Economic Dynamics and Control, 2018, 93, (C), 203-217 View citations (1)
2017
- A suggestion for constructing a large time-varying conditional covariance matrix
Economics Letters, 2017, 156, (C), 110-113 View citations (7)
- Government Size and Macroeconomic Volatility
Economica, 2017, 84, (336), 797-819 View citations (10)
- On the Interpretation of Instrumental Variables in the Presence of Specification Errors: A Reply
Econometrics, 2017, 5, (3), 1-3 View citations (2)
- Self-fulfilling dynamics: The interactions of sovereign spreads, sovereign ratings and bank ratings during the euro financial crisis
Journal of International Money and Finance, 2017, 73, (PB), 371-385 View citations (26)
See also Working Paper Self-fulfilling dynamics: The interactions of sovereign spreads, sovereign ratings and bank ratings during the euro financial crisis*, Discussion Papers in Economics (2016) View citations (1) (2016)
- TIME-VARYING COEFFICIENT MODELS: A PROPOSAL FOR SELECTING THE COEFFICIENT DRIVER SETS
Macroeconomic Dynamics, 2017, 21, (5), 1158-1174 View citations (6)
See also Working Paper Time Varying Coefficient Models; A Proposal for selecting the Coefficient Driver Sets, Discussion Papers in Economics (2014) View citations (2) (2014)
2016
- A Method for Measuring Treatment Effects on the Treated without Randomization
Econometrics, 2016, 4, (2), 1-23 View citations (4)
See also Working Paper A Method for Measuring Treatment Effects on the Treated without Randomization, Discussion Papers in Economics (2016) View citations (4) (2016)
- Friedman and the Bernanke-Taylor Debate on Rules versus Constrained Discretion
Cato Journal, 2016, 36, (2), 297-313 View citations (2)
- How the euro-area sovereign-debt crisis led to a collapse in bank equity prices
Journal of Financial Stability, 2016, 26, (C), 266-275 View citations (15)
See also Working Paper How the Euro-Area Sovereign-Debt Crisis Led to a Collapse in Bank Equity Prices, Discussion Papers in Economics (2015) (2015)
- New Perspectives on the Great Depression: A Review Essay
International Finance, 2016, 19, (3), 353-374 
See also Working Paper New perspectives on the Great Depression: a review essay, Working Papers (2016) (2016)
- Removing Specification Errors from the Usual Formulation of Binary Choice Models
Econometrics, 2016, 4, (2), 1-21 View citations (1)
See also Working Paper Removing Specification Errors from the Usual Formulation of Binary Choice Models*, Discussion Papers in Economics (2016) View citations (1) (2016)
- The effectiveness of the ECB's asset purchase programs of 2009 to 2012
Journal of Macroeconomics, 2016, 47, (PA), 45-57 View citations (41)
See also Working Paper The Effectiveness of The ECB’s Asset Purchase Programs Of 2009 To 2012, Working Papers (2015) View citations (1) (2015)
2015
- A NOTE ON GENERALIZING THE CONCEPT OF COINTEGRATION
Macroeconomic Dynamics, 2015, 19, (7), 1633-1646 View citations (1)
- Are all sovereigns equal? A test of the common determination of sovereign spreads in the euro area
Empirical Economics, 2015, 48, (3), 939-949 View citations (9)
See also Working Paper Are All Sovereigns Equal? A Test of the Common Determination of Sovereign Spreads in the Euro Area, Discussion Papers in Economics (2014) (2014)
- In Old Chicago: Simons, Friedman, and the Development of Monetary‐Policy Rules
Journal of Money, Credit and Banking, 2015, 47, (1), 99-121 View citations (20)
See also Working Paper In old Chicago: Simons, Friedman and the development of monetary-policy rules, Working Papers (2014) View citations (4) (2014)
- MICROPRODUCTION FUNCTIONS WITH UNIQUE COEFFICIENTS AND ERRORS: A RECONSIDERATION AND RESPECIFICATION
Macroeconomic Dynamics, 2015, 19, (2), 311-333 View citations (2)
- On the Interpretation of Instrumental Variables in the Presence of Specification Errors
Econometrics, 2015, 3, (1), 1-10 View citations (9)
See also Working Paper On the Interpretation of Instrumental Variables in the Presence of Specification Errors, Discussion Papers in Economics (2014) (2014)
- Two applications of the random coefficient procedure: Correcting for misspecifications in a small area level model and resolving Simpson's paradox
Economic Modelling, 2015, 45, (C), 93-98 View citations (5)
2014
- Fundamentally Wrong: Market Pricing of Sovereigns and the Greek Financial Crisis
Journal of Macroeconomics, 2014, 39, (PB), 405-419 View citations (39)
See also Working Paper FUNDAMENTALLY WRONG: MARKET PRICING OF SOVEREIGNS AND THE GREEK FINANCIAL CRISIS, Discussion Papers in Economics (2013) View citations (3) (2013)
- The Crisis in the Euro Area: An Analytic Overview
Journal of Macroeconomics, 2014, 39, (PB), 233-239 View citations (16)
See also Working Paper The crisis in the euro area: an analytic overview, Special Conference Papers (2013) View citations (15) (2013)
2013
- Anna Jacobson Schwartz: In Memoriam
Cato Journal, 2013, 33, (3), 321-332 View citations (1)
- Exchange rate regimes and asset prices
Journal of International Money and Finance, 2013, 38, (C), 85-94 View citations (13)
- Is the relationship between prices and exchange rates homogeneous?
Journal of International Money and Finance, 2013, 37, (C), 411-438 View citations (14)
See also Working Paper Is the Relationship Between Prices and Exchange Rates Homogeneous?, Discussion Papers in Economics (2013) View citations (15) (2013)
- Measuring currency pressures: The cases of the Japanese yen, the Chinese yuan, and the UK pound
Journal of the Japanese and International Economies, 2013, 29, (C), 1-20 View citations (16)
See also Working Paper Measuring Currency Pressures: The Cases of the Japanese Yen, the Chinese Yuan, and the U.K. Pound, Discussion Papers in Economics (2013) View citations (16) (2013)
- THE DEBATE ABOUT THE REVIVED BRETTON-WOODS REGIME: A SURVEY AND EXTENSION OF THE LITERATURE
Journal of Economic Surveys, 2013, 27, (2), 340-363 View citations (9)
See also Working Paper The Debate about the Revived Bretton-Woods Regime: A Survey and Extension of the Literature, School of Economics Working Paper Series (2012) (2012)
- The Gold Standard, the Euro, and the Origins of the Greek Sovereign Debt Crisis
Cato Journal, 2013, 33, (3), 491-520 View citations (15)
- The forward rate premium puzzle: a case of misspecification?1)
Studies in Nonlinear Dynamics & Econometrics, 2013, 17, (3), 265-279 View citations (5)
2012
- Generalized cointegration: a new concept with an application to health expenditure and health outcomes
Empirical Economics, 2012, 42, (2), 603-618 View citations (10)
See also Working Paper Generalized Cointegration: A New Concept with an Application to Health Expenditure and Health Outcomes, Discussion Papers in Economics (2011) View citations (2) (2011)
- In the neighborhood: The trade effects of the Euro in a spatial framework
Regional Science and Urban Economics, 2012, 42, (1-2), 314-322 View citations (15)
See also Working Paper In the neighbourhood: the trade effects of the euro in a spatial framework, Working Papers (2011) View citations (5) (2011)
- Milton Friedman, the demand for money, and the ECB’s monetary policy strategy
Review, 2012, 94, (May), 153-186 View citations (3)
See also Working Paper Milton Friedman, the Demand for Money and the ECB’s Monetary-Policy Strategy, Discussion Papers in Economics (2012) View citations (14) (2012)
- The Greek financial crisis: Growing imbalances and sovereign spreads
Journal of International Money and Finance, 2012, 31, (3), 498-516 View citations (80)
See also Working Paper The Greek financial crisis: growing imbalances and sovereign spreads, Working Papers (2011) View citations (17) (2011)
2011
- BRETTON‐WOODS SYSTEMS, OLD AND NEW, AND THE ROTATION OF EXCHANGE‐RATE REGIMES
Manchester School, 2011, 79, (2), 293-317 View citations (3)
See also Working Paper Bretton-Woods systems, old and new, and the rotation of exchange-rate regimes, Working Papers (2010) View citations (2) (2010)
- The Revived Bretton Woods System, Liquidity Creation, and Asset Price Bubbles
Cato Journal, 2011, 31, (3), 485-495 View citations (4)
- Two Who Called the Great Depression: An Initial Formulation of the Monetary-Origins View
Journal of Money, Credit and Banking, 2011, 43, 565-574 View citations (7)
Also in Journal of Money, Credit and Banking, 2011, 43, (2‐3), 565-574 (2011) View citations (1)
2010
- Arnold Zellner: January 2nd 1927-August 11th 2010
Economic Modelling, 2010, 27, (6), 1337-1337
- Estimation of Parameters in the Presence of Model Misspecification and Measurement Error
Studies in Nonlinear Dynamics & Econometrics, 2010, 14, (3), 35 View citations (22)
See also Working Paper Estimation of Parameters in the Presence of Model misspecification and Measurement Error, Discussion Papers in Economics (2008) View citations (12) (2008)
- Exchange-rate volatility and export performance: Do emerging market economies resemble industrial countries or other developing countries?
Economic Modelling, 2010, 27, (6), 1514-1521 View citations (46)
- Introduction: P.A.V.B. Swamy's contribution to Econometrics
Economic Modelling, 2010, 27, (6), 1338-1344
- The Fisher Effect Puzzle: A Case of Non-Linear Relationship?
Open Economies Review, 2010, 21, (1), 91-103 View citations (10)
2009
- An optimum-currency-area odyssey
Journal of International Money and Finance, 2009, 28, (7), 1117-1137 View citations (79)
See also Working Paper An Optimum Currency Area Odyssey, CEPR Discussion Papers (2010) View citations (2) (2010)
- Assessing the causal relationship between euro-area money and prices in a time-varying environment
Economic Modelling, 2009, 26, (4), 760-766 View citations (14)
- Optimum‐Currency‐Area Paradoxes
Review of International Economics, 2009, 17, (3), 536-551 View citations (36)
- Spatial Aspects of Contagion among Emerging Economies
Spatial Economic Analysis, 2009, 4, (2), 191-211 View citations (10)
- THE BENEFITS AND COSTS OF MONETARY UNION IN SOUTHERN AFRICA: A CRITICAL SURVEY OF THE LITERATURE
Journal of Economic Surveys, 2009, 23, (1), 1-43 View citations (20)
See also Working Paper The Benefits and Costs of Monetary Union in Southern Africa: A Critical Survey of the Literature, Working Papers (2008) View citations (12) (2008)
- THE NEW KEYNESIAN PHILLIPS CURVE IN A TIME-VARYING COEFFICIENT ENVIRONMENT: SOME EUROPEAN EVIDENCE
Macroeconomic Dynamics, 2009, 13, (2), 149-166 View citations (18)
- The New Keynesian Phillips Curve and Lagged Inflation: A Case of Spurious Correlation?
Southern Economic Journal, 2009, 76, (2), 467-481 
See also Working Paper The New Keynesian Phillips Curve and Lagged Inflation: A Case of Spurious Correlation?, Discussion Papers in Economics (2008) View citations (3) (2008)
- Where Has All the Money Gone? Wealth and the Demand for Money in South Africa †
Journal of African Economies, 2009, 18, (1), 84-112 View citations (4)
2008
- Inflation dynamics in the euro area and in new EU members: Implications for monetary policy
Economic Modelling, 2008, 25, (6), 1116-1127 View citations (11)
- Some Further Evidence on Exchange-Rate Volatility and Exports
Review of World Economics (Weltwirtschaftliches Archiv), 2008, 144, (1), 151-180 View citations (37)
See also Working Paper Some Further Evidence on Exchange-Rate Volatility and Exports, Working Papers (2005) View citations (11) (2005)
- The classification and performance of alternative exchange-rate systems
European Economic Review, 2008, 52, (6), 941-963 View citations (62)
See also Working Paper The Classification and Perfomance of Alternative Exchange-Rate Systems, Working Papers (2008) View citations (8) (2008)
2007
- The New Keynesian Phillips Curve and Inflation Expectations: Re-Specification and Interpretation
Economic Theory, 2007, 31, (2), 293-306 View citations (25)
See also Working Paper The New Keynesian Phillips Curve and Inflation Expectations: Re-Specification and Interpretation, Working Papers (2006) View citations (8) (2006)
- Unit of account or medium of exchange? Reply
Banca Nazionale del Lavoro Quarterly Review, 2007, 60, (241), 207-213 
Also in BNL Quarterly Review, 2007, 60, (241), 207-213 (2007)
- What If the Leader of the Central Bank Told Hilarious Jokes and Did Card Tricks? A Panel of Experts
American Journal of Economics and Sociology, 2007, 66, (5), 863-887 View citations (4)
2006
- A NOTE ON MUTH'S RATIONAL EXPECTATIONS HYPOTHESIS: A TIME-VARYING COEFFICIENT INTERPRETATION
Macroeconomic Dynamics, 2006, 10, (3), 415-425 View citations (5)
- A Spatial Modelling Approach to Contagion Among Emerging Economies
Open Economies Review, 2006, 17, (4), 423-441 View citations (59)
- Money as mumeraire: doctrinal aspects and contemporary relevance
Banca Nazionale del Lavoro Quarterly Review, 2006, 59, (239), 333-361 View citations (4)
Also in BNL Quarterly Review, 2006, 59, (239), 333-361 (2006) View citations (4)
- Regional and international currency arrangements: introduction
International Economics and Economic Policy, 2006, 3, (3), 175-179 View citations (1)
2005
- Editorial Announcement
Open Economies Review, 2005, 16, (4), 319-319
- How stable are monetary policy rules: estimating the time-varying coefficients in monetary policy reaction function for the US
Computational Statistics & Data Analysis, 2005, 49, (2), 575-590 View citations (11)
See also Working Paper How stable are monetary policy rules: Estimating the time-varying coefficients in a monetary policy reaction function for the U.S, Computing in Economics and Finance 2003 (2003) View citations (1) (2003)
- The global implications of regional exchange rate regimes
Journal of International Money and Finance, 2005, 24, (2), 243-255 View citations (4)
See also Working Paper The Global Implications of Regional Exchange Rate Regines, Working Papers (2004) (2004)
- Theoretical conditions under which monetary policies are effective and practical obstacles to their verification
Economic Theory, 2005, 25, (4), 999-1005 View citations (11)
- Wage Rigidity and Monetary Union
Economic Journal, 2005, 115, (506), 907-927 View citations (32)
See also Working Paper Wage Rigidity and Monetary Union, Working Papers (2004) View citations (11) (2004)
2004
- Academic exclusion: the case of Alexander Del Mar
European Journal of Political Economy, 2004, 20, (1), 31-60 View citations (10)
- Benefits and Costs of Entering the Eurozone
Cato Journal, 2004, 24, (1-2), 89-106 View citations (5)
- On the road again: an essay on the optimal path to EMU for the new member states
Journal of Policy Modeling, 2004, 26, (7), 793-816 View citations (18)
2003
- An Analysis of Differences in Earnings Between Small and Large Commercial Banks
Journal of Productivity Analysis, 2003, 20, (1), 97-114 View citations (1)
- Correcting for Omitted-Variable and Measurement-Error Bias in Autoregressive Model Estimation with Panel Data
Computational Economics, 2003, 22, (2), 225-253 View citations (9)
- Empirical Modelling of Money Demand in Periods of Structural Change: The Case of Greece
Oxford Bulletin of Economics and Statistics, 2003, 65, (5), 605-628 View citations (25)
See also Working Paper Empirical Modelling of Money Demand in Periods of Structural Change: The Case of Greece, Working Papers (2003) View citations (25) (2003)
- The Economics of Exchange‐Rate Regimes: A Review Essay
The World Economy, 2003, 26, (8), 1215-1246 View citations (15)
2002
- Preface
The ANNALS of the American Academy of Political and Social Science, 2002, 579, (1), 9-10
- The Collapse of Exchange Rate Pegs
The ANNALS of the American Academy of Political and Social Science, 2002, 579, (1), 53-72
2001
- Lessons of the euro for dollarization: Analytic and political economy perspectives
Journal of Policy Modeling, 2001, 23, (3), 333-345 View citations (4)
- Modelling the long-run demand for money in the United Kingdom: a random coefficient analysis
Economic Modelling, 2001, 18, (3), 475-501 View citations (9)
- The Time-Varying Performance of the Long-Run Demand for Money in the United States
Economic Inquiry, 2001, 39, (1), 111-23 View citations (5)
2000
- A Computational Approach to Finding Causal Economic Laws
Computational Economics, 2000, 16, (1/2), 105-136 View citations (25)
- Is the Japanese economy in a liquidity trap?
Economics Letters, 2000, 66, (1), 17-23 View citations (15)
- On the Exchange Rate as a Nominal Anchor: The Rise and Fall of the Credibility Hypothesis
The Economic Record, 2000, 76, (233), 183-201 View citations (9)
1999
- Correspondence
Journal of Economic Perspectives, 1999, 13, (3), 235-242 View citations (1)
1998
- A general framework for predicting returns from multiple currency investments
Journal of Economic Dynamics and Control, 1998, 22, (7), 977-1000 View citations (4)
- More on the Chicago tradition
Journal of Economic Studies, 1998, 25, (1), 17-21
- Two types of target zone proposals: McKinnon and Ohno versus Williamson
Review of World Economics (Weltwirtschaftliches Archiv), 1998, 134, (3), 548-557 View citations (1)
- Was the Monetarist Tradition Invented?
Journal of Economic Perspectives, 1998, 12, (4), 211-222 View citations (17)
1997
- Chicago, Harvard, and the Doctrinal Foundations of Monetary Economics
Journal of Political Economy, 1997, 105, (1), 153-77 View citations (20)
- How should diversifiable and nondiversifiable portfolio risks be defined?
Journal of Economics and Finance, 1997, 21, (3), 11-18
- The International Use of the US Dollar: An Optimum Currency Area Perspective
The World Economy, 1997, 20, (6), 709-747 View citations (31)
1996
- A random coefficient model of speculative attacks: The case of the Mexican peso
Open Economies Review, 1996, 7, (1), 553-571
- Currency crises: Introduction
Open Economies Review, 1996, 7, (1), 431-436 View citations (2)
- Modelling optimal strategies for the allocation of wealth in multicurrency investments
International Journal of Forecasting, 1996, 12, (4), 483-493 View citations (1)
- Monetary Economics in Doctrinal Perspective: Review Essay
Journal of Money, Credit and Banking, 1996, 28, (3), 406-17 View citations (7)
1995
- Random Coefficient Models: Theory and Applications
Journal of Economic Surveys, 1995, 9, (2), 165-96 View citations (52)
See also Working Paper Random coefficient models: theory and applications, Finance and Economics Discussion Series (1993) View citations (6) (1993)
1994
- Connections between GARCH and stochastic coefficients (SC) models
Economics Letters, 1994, 46, (1), 7-10 View citations (1)
- Nominal anchors for monetary policy: a doctrinal analysis
Banca Nazionale del Lavoro Quarterly Review, 1994, 47, (191), 469-494 View citations (2)
Also in BNL Quarterly Review, 1994, 47, (191), 469-494 (1994) View citations (2)
- The theory of monetary integration
Open Economies Review, 1994, 5, (2), 211-230 View citations (67)
1993
- The ‘New’ Theory of Optimum Currency Areas
The World Economy, 1993, 16, (6), 663-685 View citations (95)
1991
- Doctrinal foundations of monetary economics: A review essay
Journal of Monetary Economics, 1991, 28, (3), 501-510 View citations (2)
- Exchange Rate Variability and Direct Investment
The ANNALS of the American Academy of Political and Social Science, 1991, 516, (1), 106-116 View citations (1)
1990
- Modeling money demand in large industrial countries: Buffer stock and error correction approaches
Journal of Policy Modeling, 1990, 12, (2), 433-461 View citations (8)
Also in Proceedings, 1990, 433-467 (1990) View citations (10)
1989
- Financial Deregulation, the Demand for Money, and Monetary Policy in Australia
IMF Staff Papers, 1989, 36, (1), 63-101 View citations (6)
See also Working Paper Financial deregulation, the demand for money, and monetary policy in Australia, Special Studies Papers (1987) (1987)
- Interpreting Keynes: Reflections on the Leijonhufvud-Yeager Discussion
Cato Journal, 1989, 9, (1), 237-252
- Modeling buffer stock money: an appraisal
Journal of Policy Modeling, 1989, 11, (4), 593-612 View citations (2)
See also Working Paper Modeling buffer stock money - an appraisal, Finance and Economics Discussion Series (1988) (1988)
- Money in South Africa: A Test of the Buffer Stock Model1
South African Journal of Economics, 1989, 57, (1), 1-9 View citations (2)
1988
- Econometric modelling of partial adjustment: The Cochrane-Orcutt procedure, flaws and remedies
Economic Modelling, 1988, 5, (1), 2-8
- Trade and Investment under Floating Rates: The U.S. Experience
Cato Journal, 1988, 8, (2), 421-449 View citations (21)
1987
- Policy aspects of alternative exchange-rate regimes: Introduction
Journal of Policy Modeling, 1987, 9, (1), 1-5
- The impact of exchange-rate volatility on export growth: Some theoretical considerations and empirical results
Journal of Policy Modeling, 1987, 9, (1), 225-243 View citations (71)
1986
- An econometric model of the Kenyan economy
Economic Modelling, 1986, 3, (1), 2-30 View citations (3)
1985
- Alexander Del Mar, Irving Fischer, and Monetary Economics
Canadian Journal of Economics, 1985, 18, (2), 294-313 View citations (6)
- Dollar appreciation, deficit stimulation, and the new protectionism
Journal of Policy Modeling, 1985, 7, (1), 107-121 View citations (2)
- Inflation and the demand for money in Israel
Economics Letters, 1985, 18, (4), 339-343
1983
- A model of the inflationary process in six major O.E.C.D. economies: Empirical results and policy implications
Journal of Policy Modeling, 1983, 5, (1), 19-35 View citations (2)
1982
- Notes on Garvy, Snyder, and the Doctrinal Foundations of Monetarism
History of Political Economy, 1982, 14, (1), 89-100 View citations (4)
1981
- Interest rate policies and inflation in interdependent economies: Recent policy dilemmas
Journal of Policy Modeling, 1981, 3, (1), 1-18
- Keynesian and monetarist theories of the monetary transmission process: Doctrinal aspects
Journal of Monetary Economics, 1981, 7, (3), 317-337 View citations (12)
1979
- A note on monetary policy effectiveness, the correspondence principle, and the positively sloped is curve
Economics Letters, 1979, 4, (4), 313-317
1977
- Some Initial Formulations of the Monetary Growth-Rate Rule
History of Political Economy, 1977, 9, (4), 535-547 View citations (3)
- The Chicago Tradition Revisited: Some Neglected Monetary Contributions: Senator Paul Douglas (1892-1976)
Journal of Money, Credit and Banking, 1977, 9, (4), 529-35 View citations (1)
1976
- The Monetary Policy of Henry Simons: Comment
The American Economist, 1976, 20, (2), 80-82
Books
2023
- The Monetarists
University of Chicago Press Economics Books, University of Chicago Press
Chapters
2018
- Spreads and bank ratings in the Euro area sovereign debt crises
Chapter 6 in Global Economic Modeling A Volume in Honor of Lawrence R. Klein, 2018, pp 112-145
Editor
- Open Economies Review
Springer
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