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Discussion Papers

From Centre for Macroeconomics (CFM)
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2009: The Elusive Gains from Nationally-Oriented Monetary Policy Downloads
Martin Bodenstein, Giancarlo Corsetti and Luca Guerrieri
2008: Exchange Rate Misalignment and External Imbalances: What is the Optimal Monetary Policy Response? Downloads
Giancarlo Corsetti, Luca Dedola and Sylvain Leduc
2007: Financial constraints and collateral crises Downloads
Luis Araujo, Bernardo Guimaraes and Diego de Sousa Rodrigues
2006: Output Costs of Education and Skill Mismatch Downloads
Pietro Garibaldi, Pedro Gomes and Thepthida Sopraseuth
2005: Crossing the Credit Channel: Credit Spreads and Firm Heterogeneity Downloads
Gareth Anderson and Ambrogio Cesa-Bianchi
2004: Global Footprints of Monetary Policy Downloads
Silvia Miranda-Agrippino, Tsvetelina Nenova and Helene Rey
2003: Shocks, Frictions, and Inequality in US Business Cycles Downloads
Christian Bayer, Benjamin Born and Ralph Luetticke
2002: Measuring Productivity: theory and British practice Downloads
Nicholas Oulton
2001: Public Employment Redux Downloads
Pietro Garibaldi, Pedro Gomes and Thepthida Sopraseuth
1922: Mortgage Cash-flows and Employment Downloads
Fergus Cumming
1921: News Uncertainty in Brexit U.K Downloads
Renato Faccini and Edoardo Palombo
1920: MoNK: Mortgages in a New-Keynesian Model Downloads
Carlos Carriga, Finn Kydland and Roman Sustek
1919: Labour market flows: Accounting for the public sector Downloads
Idriss Fontaine, Ismael Galvez-Iniesta, Pedro Gomes and Diego Vila-Martin
1918: Imperfect Information, Shock Heterogeneity, and Inflation Dynamics Downloads
Tatsushi Okuda, Tomohiro Tsuruga and Francesco Zanetti
1917: Search Complementarities, Aggregate Fluctuations, and Fiscal Policy Downloads
Jesus Fernandez-Villaverde, Federico Mandelman, Yang Yu and Francesco Zanetti
1916: The Brexit Vote, Productivity Growth and Macroeconomic Adjustments in the United Kingdom Downloads
Ben Broadbent, Federico Di Pace, Thomas Drechsel, Richard Harrison and Silvana Tenreyro
1915: A Crash Course on the Euro Crisis Downloads
Markus Bunnermeier and Ricardo Reis
1914: Fast Trading and the Virtue of Entropy: Evidence from the Foreign Exchange Market Downloads
Giancarlo Corsetti, Romain Lafarguette and Arnaud Mehl
1913: Revisiting the Global Decline of the (Non-Housing) Labor Share Downloads
German Gutierrez and Sophie Piton
1912: Foreign Direct Investment as a Determinant of Cross-Country Stock Market Comovement Downloads
Alexis Anagnostopoulos, Orhan Atesagaoglu, Elisa Faraglia and Chryssi Giannitsarou
1911: Partial Default Downloads
Cristina Arellano, Xavier Mateos-Planas and José-Víctor Ríos-Rull
1910: Do Unit Labour Costs Matter? A Decomposition Exercise on European Data Downloads
Sophie Piton
1909: Unemployment Dynamics and Endogenous Unemployment Insurance Extensions Downloads
Similan Rujiwattanapong
1908: Distressed Banks, Distorted Decisions? Downloads
Gareth Anderson, Rebecca Riley and Garry Young
1907: Market Power and Innovation in the Intangible Economy Downloads
Maarten De Ridder
1906: GDP is a measure of output, not welfare. Or, HOS meets the SNA Downloads
Nicholas Outlon
1905: Firms' Price, Cost and Activity Expectations: Evidence from Micro Data Downloads
Lena Boneva, James Cloyne, Martin Weale and Tomasz Wieladek
1904: Self-Fulfilling Debt Crises, Fiscal Policy and Investment Downloads
Carlo Galli
1903: Tax Evasion as Contingent Debt Downloads
Christos Kotsogiannis and Xavier Mateos-Planas
1902: The Monetary and Fiscal History of Brazil, 1960-2016 Downloads
Joao Ayres, Marcio Garcia, Diogo Guillen and Patrick Kehoe
1901: Private Information and Client Connections in Government Bond Markets Downloads
Péter Kondor and Gabor Pinter
1832: Employment and the Collateral Channel of Monetary Policy Downloads
Saleem Bahaj, Angus Foulis, Gabor Pinter and Paolo Surico
1831: Double Deflation: theory and practice Downloads
Nicholas Oulton, Ana Rincon-Aznar, Lea Samek and Sylaja Srinivasan
1830: Quantitative Easing Downloads
Wei Cui and Vincent Sterk
1829: The Missing Link: Monetary policy and the labor share Downloads
Cristiano Cantore, Filippo Ferroni and Miguel Leon-Ledesma
1828: Unemployment Insurance and Labour Productivity over the Business Cycle Downloads
Similan Rujiwattanapong
1827: Monopsony in the UK Downloads
Will Abel, Silvana Tenreyro and Gregory Thwaites
1826: Agnostic Structural Disturbances (ASDs): Detecting and Reducing Misspecification in Empirical Macroeconomic Models Downloads
Wouter Den Haan and Thomas Drechsel
1825: Bayesian Estimation of DSGE Models: identification using a diagnostic indicator Downloads
Jagjit Chadha and Katsuyuki Shibayama
1824: Uncertain Kingdom: Nowcasting GDP and its Revisions Downloads
Nikoleta Anesti, Ana Galvão and Silvia Miranda-Agrippino
1823: When Creativity Strikes: News Shocks and Business Cycle Fluctuations Downloads
Silvia Miranda-Agrippino, Sinem Hacioglu Hoke and Kristina Bluwstein
1822: State Dependence in Labor Market Fluctuations: Evidence, Theory, and Policy Implications Downloads
Carlo Pizzinelli, Konstantinos Theodoridis and Francesco Zanetti
1821: Of Gold and Paper Money Downloads
Jagjit Chadha
1820: Consumption Response to Aggregate Shocks and the Role of Leverage Downloads
Agnes Kovacs, May Rostom and Philip Bunn
1819: Transmission of Monetary Policy with Heterogeneity in Household Portfolios Downloads
Ralph Luetticke
1818: Fiscal Stimulus with Learning-By-Doing Downloads
Antonello d’Alessandro, Giulio Fella and Leonardo Melosi
1817: Nonlinear household earnings dynamics, self-insurance, and welfare Downloads
Mariacristina De Nardi, Giulio Fella and Gonzalo Paz-Pardo
1816: Central Bank Swap Lines Downloads
Saleem Bahaj and Ricardo Reis
1815: Optimal Inflation and the Identification of the Phillips Curve Downloads
Michael McLeay and Silvana Tenreyro
1814: Economic Integration and Bilateral FDI stocks: the impacts of NAFTA and the EU Downloads
Ray Barrell and Abdulkader Nahhas
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