Manchester School

1930 - 2025

Continuation of The Manchester School of Economic & Social Studies.

Current editor(s): Keith Blackburn

From University of Manchester
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2003, volume 71, articles s1

Can Pay‐as‐You‐Go Pensions Raise the Capital Stock? pp. 1-20

Mark A. Roberts

Behavioural Central Bank Loss Functions, Skewed Risks and Certainty Equivalence pp. 21-38

Ali Al‐Nowaihi and Livio Stracca

Purchasing Power Parity Adjustment Speeds in High Frequency Data when the Equilibrium Real Exchange Rate is Proxied by a Deterministic Trend pp. 39-53

Ivan Paya and David Peel

Testing the Expectations Hypothesis of the Term Structure of Interest Rates in the Presence of a Potential Regime Shift pp. 54-67

Markku Lanne

Testing for Common Cycles in Money, Nominal Income and Prices pp. 68-84

Stephen Hall and David Shepherd

2003, volume 71, articles 6

Propagation of Nominal Shocks in Open Economies pp. 567-592

Torben M. Andersen and Niels C. Beier

Are Employment Effects of Gender Discrimination Important? Some Evidence from Great Britain pp. 593-610

Michael P Kidd, Euan Phimister and Ivan Ferko

Durable Goods, Commitment Power and Public Monopolies pp. 611-625

Gregory E. Goering and Michael Pippenger

On the Theory of the Price‐ and Quality‐Setting Firm with Uncertain Demand pp. 626-640

Iltae Kim

The Revenue Responsiveness of Income and Consumption Taxes in the UK pp. 641-658

John Creedy and Norman Gemmell

Foreign Direct Investment, Technology Sourcing and Reverse Spillovers pp. 659-672

Nigel Driffield and James H. Love

Bounds Tests of the Gibson Paradox and the Fisher Effect: Evidence from Low‐Frequency International Data pp. 673-679

Frank Atkins and Apostolos Serletis

The Faculty of Commerce and Manchester Economics, 1903–44 pp. 680-710

Keith Tribe

2003, volume 71, articles 5

Editorial Introduction pp. 473-477

Philip Arestis and Georgios Chortareas

Monetary policy transparency: transparent about what? pp. 478-497

Daniel Thornton

Imperfect transparency and the strategic use of information: an ever present temptation for central bankers? pp. 498-520

Andrew Hughes Hallett and Nicola Viegi

Does monetary policy transparency reduce disinflation costs? pp. 521-540

Georgios Chortareas, David Stasavage and Gabriel Sterne

The inflation bias revisited: theory and some international evidence pp. 541-565

Alex Cukierman and Stefan Gerlach

2003, volume 71, articles 4

Growth and Finance pp. 363-380

John Driffill

Recursive Modeling of Nonlinear Dynamics in UK Stock Returns pp. 381-395

Massimo Guidolin and Allan Timmermann

A Small Open Economy with Staggered Wage Setting and Intertemporal Optimization: The Basic Analytics pp. 396-416

John Fender and Neil Rankin

The Distributional Heterogeneity of Growth Effects: Some Evidence pp. 417-447

Brendan Cunningham

Stochastic Pollution and Environmental Care in an Endogenous Growth Model pp. 448-469

Susanne Soretz

Book Review pp. 470-471

Rob Elliott

2003, volume 71, articles 3

Maximum Sustainable Government Debt in the Overlapping Generations Model pp. 217-241

Neil Rankin and Barbara Roffia

On Public Investment, the Real Exchange Rate and Growth: Some Empirical Evidence from the UK and the USA pp. 242-264

Sugata Ghosh, Iannis A. Mourmouras, Sarmistha Pal and Ivan Paya

A Tale of Two Cycles: Co‐Fluctuations Between UK Regions and the Euro Zone pp. 265-292

Salvador Barrios, Marius Brülhart, Robert Elliott and Marianne Sensier

Some Econometric Issues in Convergence Regressions pp. 293-307

Adriana Di Liberto and James Symons

Wage Centralization and the Scope of Firm–Union Bargaining: ‘Efficient Bargains’ or ‘Labour Demand’? pp. 308-329

Minas Vlassis

Indexation Rules, Risk Aversion and Imperfect Information pp. 330-340

Corrado Benassi and Antonello Scorcu

Estimation of Technical and Allocative Inefficiency Using Fourier Flexible Cost Frontiers for Taiwan's Banking Industry pp. 341-362

Tai‐Hsin Huang and Mei‐Hui Wang

2003, volume 71, articles 2

Overtime Working, The Phillips Curve And The Wage Curve: British Engineering, 1926–66 pp. 97-112

Robert Hart

Option Or Obligation? The Determinants Of Labour Supply Preferences In Britain pp. 113-131

René Böheim and Mark Taylor

Housing Markets And Regional Unemployment Flows In Great Britain pp. 132-155

Martin T. Robson

Real Exchange Rate Dynamics Under The Current Float: A Re–Examination pp. 156-171

Michael Bleaney and Stephen Leybourne

The Functional Form Of The Demand For Euro Area M1 pp. 172-204

Livio Stracca

The Capital Investment Problem With Technological Change pp. 205-216

Neslihan Ozkan

2003, volume 71, articles 1

‘Footloose’ Multinationals? pp. 1-19

Holger Görg and Eric Strobl

Financial Liberalization And The Sensitivity Of House Prices To Monetary Policy: Theory And Evidence pp. 20-34

Matteo Iacoviello and Raoul Minetti

The Backward–Bending Phillips Curve And The Minimum Unemployment Rate Of Inflation: Wage Adjustment With Opportunistic Firms pp. 35-50

Thomas Palley

Does The Exchange Rate Regime Affect Export Volume? Evidence From Bilateral Exportsin US–UK Trade: 1900–98 pp. 51-64

Stilianos Fountas and Kyriacos Aristotelous

Real Interest Rates And Real Exchange Rates: Evidence From Indexed Bonds pp. 65-77

Michael Bleaney and Douglas Laxton

Twin Peaks—A Reassessment pp. 78-88

Joseph Pearlman

2002, volume 70, articles S1

The Responsiveness of Consumer Prices to Exchange Rates: A Synthesis Of Some New Open Economy Macro Models pp. 1-15

Charles Engel

Credit Channel and Industrial Firms’ Market Power pp. 16-36

Marco Mazzoli

Multiple Banking Relationships: Evidence from the Italian Experience pp. 37-54

Stefania Cosci and Valentina Meliciani

Monetary Policy with an Endogenous Capital Stock When Inflation is Persistent pp. 55-86

Richard Mash

Explaining Stock Market Correlation: A Gravity Model Approach pp. 87-106

Thomas Flavin, Margaret J Hurley and Fabrice Rousseau

The Impact of Information and Communications Technology Investment on UK Productive Potential 1986–2000: New Statistical Methods and Tests pp. 107-126

Peter Spencer

2002, volume 70, articles 6

Selecting From Amongst Non–Nested Conditional Variance Models: Information Criteria and Portfolio Determination pp. 747-767

Chris Brooks and Simon P. Burke

The Stochastic Structure of the Time–Varying Beta: Evidence from UK Companies pp. 768-791

Taufiq Choudhry

The Utilization of Education and Skills: Evidence from Britain pp. 792-811

Francis Green, Steven McIntosh and Anna Vignoles

On the Effectiveness of the Lifetime–Employment–Contract Policy pp. 812-821

Kazuhiro Ohnishi

Term Structure Forecasts of Inflation: Some Further Results pp. 822-832

N. Blake, S.G.B. Henry and Donald Robertson

2002, volume 70, articles 5

Seasonal Time Series and Autocorrelation Function Estimation pp. 651-665

Hahn Lee, Eric Ghysels and William R. Bell

A Note on Estimating Market–based Minimum Capital Risk Requirements: A Multivariate GARCH Approach pp. 666-681

Chris Brooks, A. D. Clare and G. Persand

Comparison of Economic Efficiency Estimation Methods: Parametric and Non–parametric Techniques pp. 682-709

Tai–Hsin Huang and Mei–Hui Wang

Real and Nominal Shocks to Exchange Rates: Does the Regime Matter? pp. 710-730

Liam Gallagher and Ella Kavanagh

2002, volume 70, articles 4

Editors’ Introduction pp. 483-486

Philip Arestis and Jagjit Chadha

Does Institutional Change Really Matter? Inflation Targets, Central Bank Reform and Interest Rate Policy in the OECD Countries pp. 487-527

Vito Muscatelli, Patrizio Tirelli and Carmine Trecoci

Does Inflation Targeting Affect the Trade–off Between Output Gap and Inflation Variability? pp. 528-545

Philip Arestis, Guglielmo Maria Caporale and Andrea Cipollini

Inflation Targeting, Exchange Rate Volatility and International Policy Coordination pp. 546-569

Fernando Alexandre, Edward Driffill and Fabio Spagnolo

Inflation and Price Level Targeting in a New Keynesian Model pp. 570-595

Jagjit Chadha and Charles Nolan

Policymakers’ Revealed Preferences and the Output–Inflation Variability Trade–off: Implications for the European System of Central Banks pp. 596-618

Stephen Cecchetti, Margaret M. McConnell and Gabriel Perez–Quiros

Inflation Targets as a Stabilization Device pp. 619-650

Lavan Mahadeva and Gabriel Sterne

2002, volume 70, articles 3

Foreign Direct Investment and the Single Market pp. 291-314

J. Peter Neary

The Process of European Integration and the Determinants of Entry by non–EU Multinationals in UK Manufacturing pp. 315-335

Sourafel Girma

Fiscal Incentives, European Integration and the Location of Foreign Direct Investment pp. 336-363

Florence Hubert and Nigel Pain

Foreign Direct Investment, Infrastructure and the Welfare Effects of Labour Migration pp. 364-379

Frank Barry

The Impact of Exchange Rate Volatility on US Direct Investment pp. 380-397

Holger Görg and Katharine Wakelin

Foreign Direct Investment as Technology Transferred: Some Panel Evidence from the Transition Economies pp. 398-419

Nauro Campos and Yuko Kinoshita

Integration, Foreign Direct Investment and Labour Markets: Microeconomic Perspectives pp. 420-459

Noel Gaston and Douglas Nelson

Regional Integration Agreements and Foreign Direct Investment: Theory and Preliminary Evidence pp. 460-482

Vudayagiri Balasubramanyam, David Sapsford and David Griffiths

2002, volume 70, articles 2

The Determinants of Technology Diffusion: Evidence from the UK Financial Sector pp. 185-203

Adrian Gourlay and Eric Pentecost

Efficiency in Banking: Empirical Evidence from the Savings Banks Sector pp. 204-228

Santiago Carbo Valverde, E. P. M. Gardener and J. Williams

Real Exchange Rate Behaviour under Fixed and Floating Exchange Rate Regimes pp. 229-245

James R. Lothian and Cornelia H. McCarthy

The Welfare and Political Economy Dimensions of Private versus State Enterprise pp. 246-261

Paul Cook and Raul Fabella

Jevons’s Debt to Bentham: Mathematical Economy, Morals and Psychology pp. 262-278

Nathalie Sigot

2002, volume 70, articles 1

Patent Licensing: The Inside Story pp. 7-15

Morton I. Kamien and Yair Tauman

Network Competition and Access Charge Rules pp. 16-35

Toker Doganoglu and Yair Tauman

Coalitions and Networks in Industrial Organization pp. 36-55

Francis Bloch

The Timing of New Technology Adoption: Theoretical Models and Empirical Evidence pp. 56-76

Heidrun Hoppe-Wewetzer

Mergers between Asymmetric Firms: Profitability and Welfare pp. 77-87

Ramon Faulí‐Oller

Monopoly versus R&D‐integrated Duopoly pp. 88-100

Rabah Amir, Niels Nannerup, Anna Stepanova and Eline Eguiazarova

Product Lines and Price Discrimination in the European Car Market pp. 101-114

Victor Ginsburgh and Shlomo Weber

Testing for ‘Monopoly’ Market Power when Products Are Differentiated in Quality pp. 115-133

Frank Verboven

Competing Head‐to‐head or Selling to a Fringe pp. 134-149

Martin Peitz

Pure Component Pricing in a Duopoly pp. 150-163

Chun‐Hsiung Liao and Amparo Urbano

Delegation in a Vertically Differentiated Duopoly pp. 164-184

Fatima Barros and Isabel Grilo