Discussion Papers

From Centre for Macroeconomics (CFM)
Contact information at EDIRC.
Bibliographic data for series maintained by Helen Power (h.power@lse.ac.uk).

Access Statistics for this working paper series.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

2318: House Price Expectations and Inflation Expectations: Evidence from Survey Data

Vedanta Dhamija, Ricardo Nunes and Roshni Tara

2317: To Own or to Rent? The Effects of Transaction Taxes on Housing Markets

Lu Han, L. Rachel Ngai and Kevin Sheedy

2316: The Macroeconomic Effect of the UK’s 2022 Cost-of-Living Payments

Max Mosley and Edmund Cornforth

2315: Granular Corporate Hedging Under Dominant Currency

Laura Alfaro, Mauricio Calani and Liliana Varela

2314: Dash for Dollars

Ambrogio Cesa-Bianchi, Robert Czech and Fernando Eguren-Martin

2313: Self-fulfilling labor wedge fluctuations and unemployment insurance

Nikolaos Kokonas and Paulo Santos Monteiro

2312: Doubts about the model and optimal policy

Anastasios Karantounias

2311: The Regional Keynesian Cross

Marco Bellifemine, Adrien Couturier and Rustam Jamilov

2310: The Racial Wealth Gap: the Role of Entrepreneurship

Daniel Albuquerque and Tomer Ifergane

2309: CBDC Policies in Open Economies

Michael Kumhof, Marco Pinchetti, Phurichai Rungcharoenkitkul and Andrej Sokol

2308: A tail of labor supply and a tale of monetary policy

Cristiano Cantore, Filippo Ferroni, Haroon Mumtaz and Angeliki Theophilopoulou

2307: Global house prices since 1950

Haroon Mumtaz and Roman Sustek

2306: Capital Controls and Free-Trade Agreements

Simon Lloyd and Emile Marin

2305: Learning by necessity: Government demand, capacity constraints, and productivity growth

Ethan Ilzetzki

2304: Agreed and Disagreed Uncertainty

Luca Gambetti, Dimitris Korobilis, John Tsoukalas and Francesco Zanetti

2303: Exchange Rates, Tariffs and Prices in 1930s’ Britain

Jagjit Chadha, Jason Lennard, Solomos Solomou and Ryland Thomas

2302: Four mistakes in the use of measures of expected inflation

Ricardo Reis

2301: Expected Inflation in the Euro Area: Measurement and Policy Responses

Ricardo Reis

2220: When to Lock, Not Whom: Managing Epidemics Using Time-Based Restrictions

Yinon Bar-On, Tanya Baron, Ofer Cornfeld and Eran Yashiv

2219: Social Capital and Monetary Policy

Rustam Jamilov

2218: Testing the effectiveness of unconventional monetary policy in Japan and the United States

Daisuke Ikeda, Shangshang Li, Sophocles Mavroeidis and Francesco Zanetti

2217: The Divisia approach to measuring output and productivity: with an application to the BEA-BLS integrated industry-level production account, 1987-2020

Nicholas Oulton

2215: Bubbles, Crashes, and Economic Growth: Theory and Evidence

Pablo Guerron, Tomohiro Hirano and Ryo Jinnai

2214: Debt Revenue and the Sustainability of Public Debt

Ricardo Reis

2213: The Ins and Outs of Selling Houses: Understanding Housing-Market Volatility

L. Rachel Ngai and Kevin Sheedy

2212: Time to Say Goodbye: The Macroeconomic Implications of Termination Notice

Tomer Ifergane

2211: Mainly Employment: Survey-Based News and the Business Cycle

Riccardo M. Masolo

2210: The Hitchhiker’s Guide to Markup Estimation

Maarten De Ridder, Basile Grassi and Giovanni Morzenti

2209: The Burst of High Inflation in 2021–22: How and Why Did We Get Here?

Ricardo Reis

2208: State Dependence of Fiscal Multipliers: The Source of Fluctuations Matters

Mishel Ghassibe and Francesco Zanetti

2207: Firm Cyclicality and Financial Frictions

Alex Clymo and Filip Rozsypal

2206: Sanctions and the Exchange Rate

Oleg Itskhoki and Dmitry Mukhin

2205: The Productivity-Welfare Linkage: A Decomposition

Nicholas Oulton

2204: The Wobbly Economy; Global Dynamics with Phase Transitions and State Transitions

Tomohiro Hirano and Joseph Stiglitz

2202: Unemployment Insurance Financing As A Uniform Payroll Tax

Sebastian Graves, Jonathon Hazell, Walker F. Lewis and Christina Patterson

2201: Land Speculation and Wobbly Dynamics with Endogenous Phase Transitions

Tomohiro Hirano and Joseph Stiglitz

2126: The effect of changes in the terms of trade on GDP and welfare: a Divisia approach to the SNA

Nicholas Oulton

2125: Trade Credit Default

Xavier Mateos-Planas and Giulio Seccia

2124: Optimal Policy under Dollar Pricing

Konstantin Egorov and Dmitry Mukhin

2123: Losing the inflation anchor

Ricardo Reis

2122: Yield curve and the business cycle in conventional times

Roman Sustek

2121: The Micro and Macro Dynamics of Capital Flows

Felipe Saffie, Liliana Varela and Kei-Mu Yi

2120: A back-of-the-envelope analysis of house prices: Czech Republic, 2013-2021

Roman Sustek

2119: Bubbles, Crashes, and Ups and Downs in Economic Growth: Theory and Evidence

Pablo Guerron, Tomohiro Hirano and Ryo Jinnai

2118: Climate-Change Pledges, Actions and Outcomes

Silvana Tenreyro and Tiloka de Silva

2117: A Tale of Two Global Monetary Policies

Silvia Miranda-Agrippino and Tsvetelina Nenova

2116: The Transmission of Keynesian Supply Shocks

Ambrogio Cesa-Bianchi and Andrea Ferrero

2115: Profitability, Productivity and Growth

Marek Ignaszak and Petr Sedlacek

2114: Size Discount and Size Penalty Trading Costs in Bond Markets

Gabor Pinter, Chaojun Wang and Junyuan Zou

2113: The Inflation Rate Disconnect Puzzle: On the International Component of Trend Inflation and the Flattening of the Phillips Curve

Guido Ascari and Luca Fosso