Details about Karl T. Whelan

Access statistics for papers by Karl T. Whelan.

Last updated 2022-11-01. Update your information in the RePEc Author Service.

Short-id: pwh23

Working Papers

2022

1. The Past, Present and Future of Euro Area Monetary-Fiscal Interactions
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   See also Journal Article in International Economics and Economic Policy (2022)
2. The Wisdom of No Crowds: The Reaction of Betting Markets to Lockdown Soccer Games
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
3. Where Do We Stand With "Whatever It Takes"?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2021

4. A Model of QE, Reserve Demand and the Money Multiplier
   Working Papers, School of Economics, University College Dublin
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
5. Central Banks and Inflation: Where Do We Stand and How Did We Get Here?
   Working Papers, School of Economics, University College Dublin View citations (2)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
   See also Journal Article in European Journal of Economics and Economic Policies: Intervention (2021)
6. Do Business-Friendly Reforms Boost GDP?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Papers, School of Economics, University College Dublin (2019)

2019

7. Quantitative Easing and the Hot Potato Effect: Evidence from Euro Area Banks
   Research Technical Papers, Central Bank of Ireland View citations (14)
   Also in Working Papers, School of Economics, University College Dublin (2019) View citations (13)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (13)
   See also Journal Article in Journal of International Money and Finance (2021)
8. The Euro at 20: Successes, Problems, Progress and Threats
   Working Papers, School of Economics, University College Dublin View citations (3)
   See also Journal Article in The Economic and Social Review (2019)

2016

9. Banking Union and the ECB as Lender of Last Resort
   Working Papers, School of Economics, University College Dublin View citations (2)

2015

10. Europe's Long-Term Growth Prospects: With and Without Structural Reforms
    Working Papers, School of Economics, University College Dublin View citations (5)
    Also in Papers, Economic and Social Research Institute (ESRI) (2015) View citations (5)

2014

11. Changes in Bank Leverage: Evidence from US Bank Holding Companies
    Research Technical Papers, Central Bank of Ireland
    Also in Working Papers, School of Economics, University College Dublin (2014)

2013

12. Ireland’s economic crisis - the good, the bad and the ugly
    Working Papers, School of Economics, University College Dublin View citations (5)
    Also in Special Conference Papers, Bank of Greece (2013) View citations (5)
    See also Journal Article in Journal of Macroeconomics (2014)
13. Sovereign Default and the Euro
    Working Papers, School of Economics, University College Dublin View citations (7)
    See also Journal Article in Oxford Review of Economic Policy (2013)
14. Supply, Demand and Prices in the US Housing Market
    Working Papers, School of Economics, University College Dublin View citations (1)
    Also in Research Technical Papers, Central Bank of Ireland (2012) View citations (1)

2012

15. ELA, promissory notes and all that: the fiscal costs of Anglo Irish Bank
    Working Papers, School of Economics, University College Dublin View citations (11)
    See also Journal Article in The Economic and Social Review (2012)
16. TARGET2 and Central Bank Balance Sheets
    Working Papers, School of Economics, University College Dublin View citations (7)
    See also Journal Article in Economic Policy (2014)

2011

17. Are some forecasters really better than others?
    MPRA Paper, University Library of Munich, Germany View citations (1)
    Also in Working Papers, School of Economics, University College Dublin (2010) View citations (1)
    Research Technical Papers, Central Bank of Ireland (2010)
    See also Journal Article in Journal of Money, Credit and Banking (2012)
18. Ireland’s Sovereign Debt Crisis
    Working Papers, School of Economics, University College Dublin View citations (6)

2010

19. EU Economic Governance: Less Might Work Better Than More
    Working Papers, School of Economics, University College Dublin View citations (2)
20. Global imbalances and the financial crisis
    Working Papers, School of Economics, University College Dublin View citations (9)
21. Open For Business? Institutions, Business Environment and Economic Development
    Working Papers, School of Economics, University College Dublin View citations (7)
    See also Journal Article in Kyklos (2014)
22. The future for Eurozone financial stability policy
    Working Papers, School of Economics, University College Dublin

2009

23. Containing systemic risk
    Working Papers, School of Economics, University College Dublin View citations (4)
    Also in Open Access publications, School of Economics, University College Dublin (2009) View citations (5)
24. Policy lessons from Ireland’s latest depression
    Working Papers, School of Economics, University College Dublin View citations (6)
    See also Journal Article in The Economic and Social Review (2010)
25. The ECB’s role in financial supervision
    Working Papers, School of Economics, University College Dublin View citations (1)

2008

26. Federal Reserve information during the great moderation
    Open Access publications, School of Economics, University College Dublin View citations (17)
    Also in Research Technical Papers, Central Bank of Ireland (2007) View citations (5)
    Open Access publications, School of Economics, University College Dublin (2007) View citations (2)
    Working Papers, School of Economics, University College Dublin (2007) View citations (2)
    MPRA Paper, University Library of Munich, Germany (2007) View citations (2)
    See also Journal Article in Journal of the European Economic Association (2008)
27. Where do Firms Export, How Much and Why?
    Research Technical Papers, Central Bank of Ireland View citations (35)
    Also in Open Access publications, School of Economics, University College Dublin (2008) View citations (36)
    Working Papers, School of Economics, University College Dublin (2008) View citations (34)
    See also Journal Article in The World Economy (2014)

2007

28. A Note on Trade Costs and Distance
    MPRA Paper, University Library of Munich, Germany View citations (9)
    Also in Research Technical Papers, Central Bank of Ireland (2007) View citations (9)
    Working Papers, School of Economics, University College Dublin (2007) View citations (9)
    Open Access publications, School of Economics, University College Dublin (2007) View citations (10)
29. Modeling inflation dynamics: a critical review of recent research
    Open Access publications, School of Economics, University College Dublin View citations (156)
    Also in Research Technical Papers, Central Bank of Ireland (2005) View citations (55)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2005) View citations (22)
    Open Access publications, School of Economics, University College Dublin (2005) View citations (32)
    See also Journal Article in Journal of Money, Credit and Banking (2007)
30. Solow (1956) as a Model of Cross-Country Growth Dynamics
    MPRA Paper, University Library of Munich, Germany View citations (4)
    Also in Open Access publications, School of Economics, University College Dublin (2007) View citations (3)
    Research Technical Papers, Central Bank of Ireland (2007) View citations (3)
    See also Journal Article in Oxford Review of Economic Policy (2007)
31. Staggered contracts and inflation persistence: some general results
    Open Access publications, School of Economics, University College Dublin View citations (10)
32. Understanding the Dynamics of Labour Shares and Inflation
    Research Technical Papers, Central Bank of Ireland View citations (6)
    Also in Working Paper Series, European Central Bank (2007) View citations (15)
    Open Access publications, School of Economics, University College Dublin (2007) View citations (10)
    See also Journal Article in Journal of Macroeconomics (2011)

2006

33. Can rational expectations sticky-price models explain inflation dynamics?
    Open Access publications, School of Economics, University College Dublin View citations (122)
    Also in Computing in Economics and Finance 2003, Society for Computational Economics (2003) View citations (21)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2003) View citations (29)
    Research Technical Papers, Central Bank of Ireland (2003) View citations (18)
    Open Access publications, School of Economics, University College Dublin (2003) View citations (20)
    See also Journal Article in American Economic Review (2006)
34. Conditional Convergence Revisited: Taking Solow Very Seriously
    Research Technical Papers, Central Bank of Ireland View citations (8)
    Also in Open Access publications, School of Economics, University College Dublin (2006) View citations (8)
35. Consumption and Expected Asset Returns Without Assumptions About Unobservables
    Research Technical Papers, Central Bank of Ireland
    Also in MPRA Paper, University Library of Munich, Germany (2006)
    Open Access publications, School of Economics, University College Dublin (2006)
    See also Journal Article in Journal of Monetary Economics (2008)
36. Empirical proxies for the consumption–wealth ratio
    Open Access publications, School of Economics, University College Dublin View citations (15)
    See also Journal Article in Review of Economic Dynamics (2006)
37. New Evidence on Balanced Growth, Stochastic Trends, and Economic Fluctuations
    MPRA Paper, University Library of Munich, Germany View citations (15)
    Also in Research Technical Papers, Central Bank of Ireland (2004) View citations (9)
    Open Access publications, School of Economics, University College Dublin (2004) View citations (9)
38. Prospects for Growth in the Euro Area
    Research Technical Papers, Central Bank of Ireland View citations (1)
    Also in Open Access publications, School of Economics, University College Dublin (2006) View citations (1)
    MPRA Paper, University Library of Munich, Germany (2006) View citations (2)
    See also Journal Article in CESifo Economic Studies (2008)
39. Technology Shocks and Hours Worked: Checking for Robust Conclusions
    MPRA Paper, University Library of Munich, Germany View citations (5)
    Also in Open Access publications, School of Economics, University College Dublin (2004) View citations (6)
    Research Technical Papers, Central Bank of Ireland (2004) View citations (6)
    See also Journal Article in Journal of Macroeconomics (2009)

2005

40. Does labor's share drive inflation?
    Open Access publications, School of Economics, University College Dublin View citations (30)
    See also Journal Article in Journal of Money, Credit and Banking (2005)
41. Embodiment, Productivity, and the Age Distribution of Capital
    MPRA Paper, University Library of Munich, Germany View citations (3)
    Also in Open Access publications, School of Economics, University College Dublin (2003)
    Research Technical Papers, Central Bank of Ireland (2003)
    See also Journal Article in Journal of Macroeconomics (2007)
42. Has Euro-area inflation persistence changed over time?
    Open Access publications, School of Economics, University College Dublin View citations (52)
    Also in Research Technical Papers, Central Bank of Ireland (2004) View citations (34)
    Working Paper Series, European Central Bank (2004) View citations (41)
    Open Access publications, School of Economics, University College Dublin (2004) View citations (18)
    See also Journal Article in The Review of Economics and Statistics (2005)
43. Testing Parameter Stability: A Wild Bootstrap Approach
    Research Technical Papers, Central Bank of Ireland View citations (4)
    Also in Open Access publications, School of Economics, University College Dublin (2005) View citations (2)
44. Wealth and asset price effects on economic activity
    Occasional Paper Series, European Central Bank View citations (64)
    Also in Open Access publications, School of Economics, University College Dublin (2005) View citations (103)

2004

45. Staggered Price Contracts and Inflation Persistence: Some General Results
    Research Technical Papers, Central Bank of Ireland View citations (22)
    Also in Working Paper Series, European Central Bank (2004) View citations (23)
    Open Access publications, School of Economics, University College Dublin (2004) View citations (21)
    See also Journal Article in International Economic Review (2007)

2003

46. A two-sector approach to modeling U.S. NIPA data
    Open Access publications, School of Economics, University College Dublin View citations (93)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2001) View citations (26)
    See also Journal Article in Journal of Money, Credit and Banking (2003)
47. Explaining the investment boom of the 1990s
    Open Access publications, School of Economics, University College Dublin View citations (33)
    Also in Open Access publications, School of Economics, University College Dublin (2000) View citations (11)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2000) View citations (12)
    See also Journal Article in Journal of Money, Credit and Banking (2003)
48. Inflation Targets, Credibility and Persistence In a Simple Sticky-Price Framework
    Research Technical Papers, Central Bank of Ireland View citations (1)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2003) View citations (1)
    Open Access publications, School of Economics, University College Dublin (2003) View citations (1)
    Open Access publications, School of Economics, University College Dublin (2003) View citations (1)

2002

49. A Note on the Cointegration of Consumption, Income, and Wealth
    Research Technical Papers, Central Bank of Ireland View citations (28)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2002) View citations (21)
    Open Access publications, School of Economics, University College Dublin (2002) View citations (28)
50. An overview of monetary policy in the US
    Open Access publications, School of Economics, University College Dublin
51. Computers, obsolescence, and productivity
    Open Access publications, School of Economics, University College Dublin View citations (36)
    Also in Open Access publications, School of Economics, University College Dublin (2000) View citations (52)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2000) View citations (58)
    See also Journal Article in The Review of Economics and Statistics (2002)
52. Does the Labour Share of Income Drive Inflation?
    Research Technical Papers, Central Bank of Ireland View citations (3)
    Also in Open Access publications, School of Economics, University College Dublin (2002) View citations (2)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2002) View citations (11)
53. On the Relationships Between Real Consumption, Income, and Wealth
    Research Technical Papers, Central Bank of Ireland View citations (15)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2002) View citations (13)
    Open Access publications, School of Economics, University College Dublin (2002) View citations (11)
    See also Journal Article in Journal of Business & Economic Statistics (2006)
54. Some New Economy Lessons for Macroeconomists
    Discussion Papers (REL - Recherches Economiques de Louvain), Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) View citations (4)
    Also in Open Access publications, School of Economics, University College Dublin (2002) View citations (4)
    See also Journal Article in Recherches économiques de Louvain (2002)

2001

55. Computing technologies and U.S. economic growth
    Open Access publications, School of Economics, University College Dublin
56. New tests of the New-Keynesian Phillips Curve
    Open Access publications, School of Economics, University College Dublin View citations (81)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2001) View citations (87)
    See also Journal Article in Journal of Monetary Economics (2005)

2000

57. A guide to the use of chain aggregated NIPA data
    Open Access publications, School of Economics, University College Dublin View citations (79)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2000) View citations (75)
58. Balanced growth revisited: a two-sector model of economic growth
    Open Access publications, School of Economics, University College Dublin View citations (6)
59. Real wage dynamics and the Phillips curve
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (6)
    Also in Open Access publications, School of Economics, University College Dublin (1999) View citations (1)

1999

60. Economic geography and the long-run effects of the Great Irish Famine
    Open Access publications, School of Economics, University College Dublin View citations (4)
    See also Journal Article in The Economic and Social Review (1999)
61. Tax incentives, material inputs, and the supply curve for capital equipment
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (4)
    Also in Open Access publications, School of Economics, University College Dublin (1999) View citations (6)

1997

62. Unemployment and the durational structure of exit rates
    Open Access publications, School of Economics, University College Dublin
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1997)
63. Wage Curve vs. Phillips Curve: are there macroeconomic implications?
    Open Access publications, School of Economics, University College Dublin View citations (18)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1997) View citations (11)

1992

64. The Irish experience of monetary linkages with the United Kingdom and developments since joining the EMS
    Open Access publications, School of Economics, University College Dublin View citations (6)

1991

65. Ricardian equivalence and the Irish consumption function: the evidence re-examined
    Open Access publications, School of Economics, University College Dublin View citations (20)

Journal Articles

2022

1. The past, present and future of euro area monetary-fiscal interactions
   International Economics and Economic Policy, 2022, 19, (3), 557-579
   See also Working Paper (2022)

2021

2. Central banks and inflation: where do we stand and how did we get here?
   European Journal of Economics and Economic Policies: Intervention, 2021, 18, (3), 310–330 View citations (1)
   See also Working Paper (2021)
3. Quantitative easing and the hot potato effect: Evidence from euro area banks
   Journal of International Money and Finance, 2021, 115, (C) View citations (4)
   See also Working Paper (2019)

2019

4. The Euro at 20: Successes, Problems, Progress and Threats
   The Economic and Social Review, 2019, 50, (4), 725-750 View citations (2)
   See also Working Paper (2019)

2016

5. The Prospects for Future Economic Growth in the Euro Area
   Intereconomics: Review of European Economic Policy, 2016, 51, (6), 305-311 View citations (4)

2014

6. Ireland’s Economic Crisis: The Good, the Bad and the Ugly
   Journal of Macroeconomics, 2014, 39, (PB), 424-440 View citations (30)
   See also Working Paper (2013)
7. Open For Business? Institutions, Business Environment and Economic Development
   Kyklos, 2014, 67, (4), 535-558 View citations (6)
   See also Working Paper (2010)
8. TARGET2 and central bank balance sheets
   (The economics of TARGET2 balances)
   Economic Policy, 2014, 29, (77), 79-137 View citations (39)
   See also Working Paper (2012)
9. Where Do Firms Export, How Much and Why?
   The World Economy, 2014, 37, (8), 1027-1050 View citations (13)
   See also Working Paper (2008)

2013

10. Sovereign default and the euro
    Oxford Review of Economic Policy, 2013, 29, (3), 478-501 View citations (4)
    See also Working Paper (2013)

2012

11. Are Some Forecasters Really Better Than Others?
    Journal of Money, Credit and Banking, 2012, 44, (4), 715-732 View citations (10)
    Also in Journal of Money, Credit and Banking, 2012, 44, (4), 715-732 (2012) View citations (31)
    See also Working Paper (2011)
12. ELA, Promissory Notes and All That:The Fiscal Costs of Anglo Irish Bank
    The Economic and Social Review, 2012, 43, (4), 653-673 View citations (9)
    See also Working Paper (2012)

2011

13. Understanding the dynamics of labor shares and inflation
    Journal of Macroeconomics, 2011, 33, (2), 121-136 View citations (33)
    See also Working Paper (2007)

2010

14. Policy Lessons from Ireland’s Latest Depression
    The Economic and Social Review, 2010, 41, (2), 225-254 View citations (17)
    See also Working Paper (2009)

2009

15. Technology shocks and hours worked: Checking for robust conclusions
    Journal of Macroeconomics, 2009, 31, (2), 231-239 View citations (14)
    See also Working Paper (2006)

2008

16. Consumption and expected asset returns without assumptions about unobservables
    Journal of Monetary Economics, 2008, 55, (7), 1209-1221 View citations (10)
    See also Working Paper (2006)
17. Federal Reserve Information During the Great Moderation
    Journal of the European Economic Association, 2008, 6, (2-3), 609-620 View citations (30)
    See also Working Paper (2008)
18. Prospects for Growth in the Euro Area
    CESifo Economic Studies, 2008, 54, (4), 642-680 View citations (7)
    See also Working Paper (2006)

2007

19. Conditional convergence and the dynamics of the capital-output ratio
    Journal of Economic Growth, 2007, 12, (2), 159-184 View citations (20)
20. Embodiment, productivity, and the age distribution of capital
    Journal of Macroeconomics, 2007, 29, (4), 724-740 View citations (4)
    See also Working Paper (2005)
21. Modeling Inflation Dynamics: A Critical Review of Recent Research
    Journal of Money, Credit and Banking, 2007, 39, (s1), 155-170 View citations (165)
    Also in Journal of Money, Credit and Banking, 2007, 39, (s1), 155-170 (2007) View citations (23)
    See also Working Paper (2007)
22. STAGGERED PRICE CONTRACTS AND INFLATION PERSISTENCE: SOME GENERAL RESULTS
    International Economic Review, 2007, 48, (1), 111-145 View citations (12)
    See also Working Paper (2004)
23. Solow ( 1956 ) as a model of cross-country growth dynamics
    Oxford Review of Economic Policy, 2007, 23, (1), 45-62 View citations (3)
    See also Working Paper (2007)

2006

24. Can Rational Expectations Sticky-Price Models Explain Inflation Dynamics?
    American Economic Review, 2006, 96, (1), 303-320 View citations (144)
    See also Working Paper (2006)
25. Empirical Proxies for the Consumption-Wealth Ratio
    Review of Economic Dynamics, 2006, 9, (1), 34-51 View citations (45)
    See also Working Paper (2006)
26. On the Relationships Between Real Consumption, Income, and Wealth
    Journal of Business & Economic Statistics, 2006, 24, 1-11 View citations (29)
    See also Working Paper (2002)

2005

27. Does Labor's Share Drive Inflation?
    Journal of Money, Credit and Banking, 2005, 37, (2), 297-312 View citations (56)
    See also Working Paper (2005)
28. Has Euro-Area Inflation Persistence Changed Over Time?
    The Review of Economics and Statistics, 2005, 87, (4), 709-720 View citations (83)
    See also Working Paper (2005)
29. New tests of the new-Keynesian Phillips curve
    Journal of Monetary Economics, 2005, 52, (6), 1167-1181 View citations (268)
    See also Working Paper (2001)

2003

30. A Two-Sector Approach to Modeling U.S. NIPA Data
    Journal of Money, Credit and Banking, 2003, 35, (4), 627-56 View citations (51)
    See also Working Paper (2003)
31. Explaining the Investment Boom of the 1990s
    Journal of Money, Credit and Banking, 2003, 35, (1), 1-22 View citations (32)
    See also Working Paper (2003)

2002

32. A Guide To U.S. Chain Aggregated Nipa Data
    Review of Income and Wealth, 2002, 48, (2), 217-233 View citations (39)
33. Computers, Obsolescence, And Productivity
    The Review of Economics and Statistics, 2002, 84, (3), 445-461 View citations (39)
    See also Working Paper (2002)
34. Should monetary policy target labor's share of income?
    Proceedings, 2002, (Mar) View citations (13)
35. Some New Economy Lessons for Macroeconomists
    Recherches économiques de Louvain, 2002, 68, (1), 21-36 View citations (4)
    See also Working Paper (2002)

1999

36. Economic Geography and the Long-run Effects of the Great Irish Famine
    The Economic and Social Review, 1999, 30, (1), 1-20 View citations (5)
    See also Working Paper (1999)

1997

37. The Irish expansionary fiscal contraction: A tale from one small European economy
    Economic Modelling, 1997, 14, (2), 175-201 View citations (24)

1995

38. HERMIN Ireland
    Economic Modelling, 1995, 12, (3), 249-274 View citations (16)