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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2015, volume 83, articles 6

Why does Public Investment Fail to Raise Economic Growth? The Role of Corruption pp. 623-651

M. Emranul Haque and Richard Kneller

Schedule Flexibility, Family Friendly Policies and Absence pp. 652-675

John Heywood and Laurie A. Miller

Synergy between an Improved Covariate Unit Root Test and Cross-sectionally Dependent Panel Data Unit Root Tests pp. 676-700

Kaddour Hadri, Eiji Kurozumi and Daisuke Yamazaki

Public Sector Pay in the UK: Quantifying the Impact of the Review Bodies pp. 701-724

Peter Dolton, Gerald Makepeace and Oscar Marcenaro-Gutierrez

Foreign Entry, Acquisition Target and Host Country Welfare pp. 725-748

Tarun Kabiraj and Uday Sinha

2015, volume 83, articles 5

A Generalized Bayesian Instrumental Variable Approach under Student t-distributed Errors with Application pp. 499-522

Matthew Salois and Kelvin Balcombe

Fiscal Policy, Institutional Quality and Central Bank Transparency pp. 523-545

Meixing Dai, Moise Sidiropoulos and Eleftherios Spyromitros

Endogenous Choice of Strategic Variables in an Asymmetric Duopoly with Respect to the Demand Functions that Firms Face pp. 546-567

Yasuhiko Nakamura

Foreign Direct Investment Entry Modes, Development and Technological Spillovers pp. 568-603

Isabel Alvarez, Raquel Marín and Francisco J. Santos-Arteaga

Losses from Horizontal Merger: an Extension to a Successive Oligopoly Model with Product Differentiation pp. 604-621

Ramon Fauli-Oller and Borja Mesa-Sánchez

2015, volume 83, articles 4

Gender Wage Gaps within a Public Sector: Evidence from Personnel Data pp. 379-397

Steve Bradley, Colin Green and John Mangan

Competition and Growth: Reinterpreting their Relationship pp. 398-422

Daria Onori

Direct and Indirect Influences of Parental Background on Children's Earnings: a Comparison across Countries and Genders pp. 423-450

Michele Raitano and Francesco Vona

Residential Construction Activity in OECD Economies pp. 451-474

Philip Arestis and Ana Rosa González-Martínez

Dynamic Incentives in Organizations: Success and Inertia pp. 475-497

Martin Ruckes and Thomas Rønde

2015, volume 83, articles 3

Coalitional Approaches to Collusive Agreements in Oligopoly Games pp. 253-287

Sergio Currarini and Marco Marini

Optimal Two-part Tariff Licensing Mechanisms pp. 288-306

Marta San Martín and Ana Saracho

Peer Salaries and Gender Differences in Job Satisfaction in the Workplace pp. 307-313

Karen Mumford and Peter Smith

Economic Growth under Stochastic Population and Pollution Shocks pp. 314-345

Théophile T. Azomahou, Tapas Mishra and Mamata Parhi

Do Multinational Enterprises Push up the Wages of Domestic Firms in the Italian Manufacturing Sector? pp. 346-378

Rosanna Pittiglio, Filippo Reganati and Edgardo Sica

2015, volume 83, articles 2

Macroprudential and Monetary Policy Rules: a Welfare Analysis pp. 127-152

Margarita Rubio and José Carrasco-Gallego

Influence, Interactions and Heterogeneity: Taking Personalities out of Monetary Policy Decision-making pp. 153-182

Arnab Bhattacharjee and Sean Holly

Insular Decision Making in the Board Room: Why Boards Retain and Hire Substandard CEOs pp. 183-216

Meg Adachi-Sato

Basel III: Long-term Impact on Economic Performance and Fluctuations pp. 217-251

Paolo Angelini, Laurent Clerc, Vasco Cúrdia, Leonardo Gambacorta, Andrea Gerali, Alberto Locarno, Roberto Motto, Werner Roeger, Skander Van den Heuvel and Jan Vlcek

2015, volume 83, articles 1

Patent Licensing with Bertrand Competitors pp. 1-16

Stefano Colombo and Luigi Filippini

Atypical Jobs: Stepping Stones or Dead Ends? Evidence from the NLSY79 pp. 17-55

John Addison, Chad Cotti and Christopher Surfield

Investor Cash Flow and Mutual Fund Behavior pp. 56-71

Xiangbo Liu, Zijun Liu and Zhigang Qiu

Asymmetric Complements in a Vertically Differentiated Market: Competition or Integration? pp. 72-100

Ornella Tarola and Cecilia Vergari

Okun's Law—a Meta-analysis pp. 101-126

Roger Perman, Gaetan Stephan and Christophe Tavera

2015, volume 83

Inflation Persistence, Price Indexation and Optimal Simple Interest Rate Rules pp. 1-30

Guido Ascari and Nicola Branzoli

Monetary Analysis and Monetary Policy Frameworks: Introduction pp. 1-4

David Cobham

Regulation and Sausages pp. 1-26

Douglas Gale

Has the Financial Crisis Permanently Changed the Practice of Monetary Policy? Has It Changed the Theory of Monetary Policy? pp. 5-19

Benjamin M Friedman

Why Monetary Policy has Been Comparatively Ineffective? pp. 20-29

Charles Goodhart

Comparing Inflation and Price-Level Targeting: The Role of Forward Guidance and Transparency pp. 27-59

Seppo Honkapohja and Kaushik Mitra

Money and Inflation: Is Monetary Policy Useful? pp. 30-50

Atanas Christev and Yue Kang

The Hedgehog and the Fox: From DSGE to Macro-Pru pp. 31-55

Marcus Miller and Lei Zhang

An Empirical Sectoral Model of Unconventional Monetary Policy: The Impact of QE pp. 51-82

James Cloyne, Ryland Thomas, Alex Tuckett and Samuel Wills

Issues in the Design of Fiscal Policy Rules pp. 56-86

Jonathan Portes and Simon Wren-Lewis

How Did We Get to Where We Are Now? Reflections on 50 Years of Macroeconomic and Financial Econometrics pp. 60-82

Michael Wickens

Multiple Objectives in Monetary Policy: A De Facto Analysis for ‘Advanced’ Countries pp. 83-106

David Cobham

Leverage Constraints and Real Interest Rates pp. 83-109

Jukka Isohätälä, Feodor Kusmartsev, Alistair Milne and Donald Robertson

Balanced Budget Tax Cuts in a Liquidity-Constrained Economy pp. 87-119

Vivek Prasad

Population Growth and Human Capital: A Welfarist Approach pp. 110-141

Thomas I. Renström and Luca Spataro

Structural Reforms, Investment and Zero Lower Bound in a Monetary Union pp. 120-139

Andrea Gerali, Alessandro Notarpietro and Massimiliano Pisani

Conflicting Incentives for Public Support for EMU pp. 142-157

Brigitte Granville and Dominik Nagly

2014, volume 82, articles S1

Liquidity Traps: an Interest-rate-based Exit Strategy pp. 1-14

Stephanie Schmitt-Grohe and Martín Uribe

The Future of the Eurozone pp. 15-34

Paul De Grauwe and Yuemei Ji

Financial Stability and the Role of the Financial Policy Committee pp. 35-43

Roger Farmer

Monetary Policy and Forward Guidance in the UK pp. 44-59

David Miles

Has Weak Lending and Activity in the UK been Driven by Credit Supply Shocks? pp. 60-89

Alina Barnett and Ryland Thomas

Equilibrium Unemployment in a General Equilibrium Model with Taxes pp. 90-128

Keshab Bhattarai and Huw Dixon

2014, volume 82, articles 6

Decentralization, Incentive Contracts and the Effect of Distortions in Performance Measures pp. 631-652

Tigran Melkonyan

Licensing to a More Efficient Rival pp. 653-676

Fridtjof Anderson

Firm Size and Wages in Italy: Evidence from Exogenous Job Displacements pp. 677-700

Vincenzo Scoppa

Third-degree Price Discrimination with Fairness-concerned Consumers pp. 701-715

Tomohisa Okada

Transparency and Risk Sharing in International Trade pp. 716-731

Udo Broll, Bernhard Eckwert and Kit Pong Wong

Sectoral Money Demand Behaviour and the Welfare Cost of Inflation in the UK pp. 732-750

John Ashworth, David Barlow and Lynne Evans

2014, volume 82, articles 5

The Efficiency of Multivariate Macroeconomic Forecasts pp. 509-523

Bruno Deschamps and Christos Ioannidis

Labour Market Effects of Eastern European Migration in Wales pp. 524-548

Sara Lemos

Financial Frictions and Inflation Differentials in a Monetary Union pp. 549-595

Nikolay Hristov, Oliver Hülsewig and Timo Wollmershäuser

Vertically Differentiated Mixed Oligopoly with Quality-dependent Fixed Costs pp. 596-619

Stefan Lutz and Mario Pezzino

Cyclical Activity and Gestation Lags in Investment pp. 620-630

Joanne S. Ercolani

2014, volume 82, articles 4

New Model Introductions, Cannibalization and Market Stealing: Evidence from Shopbot Data pp. 385-408

Michelle Haynes, Steve Thompson and Peter Wright

Exchange Rate and Interest Rate Exposure of UK Industries Using First-order Autoregressive Exponential GARCH-in-mean (EGARCH-M) Approach pp. 409-464

Mojisola Olugbode, Ahmed El-Masry and John Pointon

Efficiency and Mergers in English Higher Education 1996/97 to 2008/9: Parametric and Non-parametric Estimation of the Multi-input Multi-output Distance Function pp. 465-487

Jill Johnes

A Generalized Goodness-of-functional Form Test for Binary and Fractional Regression Models pp. 488-507

Esmeralda Ramalho, Joaquim Ramalho and José M. R. Murteira

2014, volume 82, articles 3

Group Inequality and Conflict pp. 257-283

Indranil Dutta, Paul Madden and Ajit Mishra

Entry, Profit and Welfare under Asymmetric R&D Costs pp. 284-295

Arijit Mukherjee and Achintya Ray

Licensing of a Drastic Innovation with Product Differentiation pp. 296-321

Toker Doganoglu and Firat Inceoglu

Public Sector Capital and the Transition from Dictatorship to Democracy pp. 322-346

Christopher J. Ellis and John Fender

What can we Learn from Bargaining Models about Union Power? The Decline in Union Power in Germany, 1992–2009 pp. 347-362

Boris Hirsch and Claus Schnabel

The Short-term Effectiveness of a Remedial Mathematics Course: Evidence from a UK University pp. 363-384

Giorgio Di Pietro

2014, volume 82, articles 2

Giffen Goods and their Reflexion Property pp. 129-142

P. G. Moffatt and H. K. Moffatt

Network Effects, Spillovers and Market Structure pp. 143-159

Stefan Behringer

Keep your Word: Time-varying Inflation Targets and Inflation Targeting Performance pp. 160-182

Bedri Tas and İshak Demir

Post-secondary School Type and Academic Achievement pp. 183-201

Elena Meschi, Anna Vignoles and Robert Cassen

The Optimal Licensing Policy pp. 202-217

Shuai Niu

Options in Agency with Binary Uncertainty pp. 218-236

Óscar Gutiérrez and Vicente Salas-Fumás

Monetary Policy Reaction Functions in Small Open Economies: a Quantile Regression Approach pp. 237-256

Thanaset Chevapatrakul and Juan Paez-Farrell

2014, volume 82, articles 1

Households' Forming Subjective Expectations Using Perceived News: Do Shocks to ‘Good’ News Matter More Than ‘Bad’ News? pp. 1-16

Joshy Easaw, Atanu Ghoshray and Saeed Heravi

The Influence of Central Bank Transparency on Labor Market Regulation pp. 17-32

Carsten Hefeker and Michael Neugart

Complementary Alliances in Composite Good Markets with Network Structure pp. 33-51

Keisuke Hattori and Ming Hsin Lin

R&D Cooperation with Entry pp. 52-70

Siddhartha Bandyopadhyay and Arijit Mukherjee

A Monte Carlo Simulation Approach to Forecasting Multi-period Value-at-Risk and Expected Shortfall Using the FIGARCH-skT Specification pp. 71-102

Stavros Degiannakis, Pamela Dent and Christos Floros

The Impact of Truancy on Educational Attainment during Compulsory Schooling: a Bivariate Ordered Probit Estimator with Mixed Effects pp. 103-127

Franz Buscha and Anna Conte

2014, volume 82

Increasing Returns to Schooling by Ability? A Comparison between the USA and Sweden pp. 1-20

Martin Nordin and Dan-Olof Rooth

Inflation Targeting and the Consistency of Monetary Policy Decisions in Mexico: an Empirical Analysis with Discrete Choice Models pp. 21-46

Rebeca I. Muñoz Torres and David Shepherd

Breaks in the UK Household Sector Money Demand Function pp. 47-68

Rakesh Bissoondeeal, Michail Karoglou and Andy Mullineux

The Gender Composition of Establishments' Workforces and Gender Gaps in Wages and Leadership Positions pp. 69-81

Christian Pfeifer

Emissions Trading with Non-signatories in a Climate Agreement—an Analysis of Coalition Stability pp. 82-109

Kai Lessmann, Robert Marschinski, Michael Finus, Ulrike Kornek and Ottmar Edenhofer

Peer Group and Distance: When Widening University Participation is Better pp. 110-132

Berardino Cesi and Dimitri Paolini