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Centre for Growth and Business Cycle Research Discussion Paper Series

From Economics, The University of Manchester
Contact information at EDIRC.

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91: Business Cycle Synchronization of the Euro Area with the New and Negotiating Member Countries Downloads
Christos Savva, Kyriakos Neanidis and Denise Osborn
90: Monetary Policy Analysis in a Small Open Credit-Based Economy Downloads
Pierre-Richard Agénor and Peter Montiel
89: Optimal Taxation and Growth with Public Goods and Costly Enforcement Downloads
Pierre-Richard Agénor and Kyriakos Neanidis
88: Why is Corruption Less Harmful in Some Countries Than in Others? Downloads
Keith Blackburn and Gonzalo Forgues-Puccio
87: Credit Market Imperfections and the Monetary Transmission Mechanism Part II: Flexible Exchange Rates Downloads
Pierre-Richard Agénor and Peter Montiel
86: Social Interaction and Effort in a Success-at-Work Augmented Utility Model Downloads
George Bratsiotis and Baochun Peng
85: New Evidence on the Expectations Theory for UK Term Structure Downloads
Erdenebat Bataa, Dong H. Kim and Denise Osborn
84: Does Spread Really Predict the Short Rate? Explaining Empirical Anomalies in the Expectations Theory Downloads
Erdenebat Bataa, Dong H. Kim and Denise Osborn
83: A Theory of Infrastructure-led Development Downloads
Pierre-Richard Agénor
82: Red Tape, Corruption and Finance Downloads
Keith Blackburn and Rashmi Sarmah
81: Monetary policy with heterogeneous and misspecified expectations Downloads
Michele Berardi
80: Aid Effectiveness: The Role of the Local Elite Downloads
Luis Angeles and Kyriakos Neanidis
79: Observed Inflation Forecasts and the New Keynesian Phillips Curve Downloads
Chengsi Zhang, Denise Osborn and Dong Heon Kim
78: The New Keynesian Phillips Curve: from Sticky Inflation to Sticky Prices Downloads
Chengsi Zhang, Denise Osborn and Dong Heon Kim
77: Periodic Dynamic Conditional Correlations between Stock Markets in Europe and the US Downloads
Christos Savva, Denise Osborn and Len Gill
76: Credit Market Imperfections and the Monetary Transmission Mechanism Part I: Fixed Exchange Rates Downloads
Pierre-Richard Agénor and Peter Montiel
75: Balanced growth and the great ratios: new evidence for the US and UK Downloads
Cliff L. F. Attfield and Jonathan Temple
74: Human Capital Accumulation in a Stochastic Environment: Some New Results on the Relationship Between Growth and Volatility Downloads
Keith Blackburn and D Varvarigos
73: The Tyranny of Rules: Fiscal Discipline, Productive Spending, and Growth Downloads
Pierre-Richard Agénor and Sakir Yilmaz
72: A Further Examination of the Expectations Hypothesis for the Term Structure Downloads
Erdenebat Bataa, Denise Osborn and D H Kim
71: The Effects of Uncertainty on Currency Substitution and Inflation: Evidence from Emerging Economies Downloads
K C Neanidis and Christos Savva
70: Corruption Clubs: The Allocation of Public Expenditure and Economic Growth Downloads
S Jahjah and P Montiel
69: Corruption Clubs: The Allocation of Public Expenditure and Economic Growth Downloads
P R Agénor and K C Neanidis
68: Corruption Clubs: Endogenous Thresholds in Corruption and Development Downloads
P R Agénor
67: Corruption Clubs: Endogenous Thresholds in Corruption and Development Downloads
M. Emranul Haque and Richard Kneller
66: Income Inequality and Colonialism Downloads
Luis Angeles
65: Capital Account Openness and Bankruptcies Downloads
Luis Angeles
64: Spillovers and Correlations between US and Major European Stock Markets: The Role of the Euro Downloads
Christos Savva, Denise Osborn and L Gill
63: Influential Price and Wage Setters, Monetary Policy and Real Effects Downloads
George Bratsiotis
62: Health and Infrastructure in Models of Endogenous Growth Downloads
Pierre-Richard Agénor
61: Schooling and Public Capital in a Model of Endogenous Growth Downloads
Pierre-Richard Agénor
60: Infrastructure Investment and Maintenance Expenditure: Optimal Allocation Rules in a Growing Economy Downloads
Pierre-Richard Agénor
59: Fiscal Policy and Endogenous Growth with Public Infrastructure Downloads
Pierre-Richard Agénor
58: Aid, Budgetary Policies, and the Macroeconomy: Growth, Inflation, and Welfare Downloads
K C Neanidis
57: The Optimal Public Expenditure Financing Policy: Does the Level of Economic Development Matter? Downloads
Niloy Bose, J A Holman and Kyriakos Neanidis
56: The Impact of Foreign Aid on Economic Growth: Volatility of Disbursements and Distribution of Receipts Downloads
K C Neanidis and D Varvarigos
55: Public Expenditures, Bureaucratic Corruption and Economic Development Downloads
Keith Blackburn and R Sarmah
54: Public Expenditures, Bureaucratic Corruption and Economic Development Downloads
Keith Blackburn and G Forgues-Puccio
53: Public Expenditures, Bureaucratic Corruption and Economic Development Downloads
Keith Blackburn, Niloy Bose and M. Emranul Haque
52: The Analytics of Segmented Labor Markets Downloads
Pierre-Richard Agénor
51: Nonlinearity in the Term Structure Downloads
D H Kim
50: Business Cycle Linkages for the G7 Countries:Does the US Lead the World? Downloads
Denise Osborn, Pedro Perez and Marianne Sensier
49: Policy Variability in Models of Endogenous Growth with Productive Spending Downloads
D Varvarigos
48: Growth, Uncertainty and Finance Downloads
Keith Blackburn and D Varvarigos
47: Infrastructure, Public Education and Growth with Congestion Costs Downloads
Pierre-Richard Agénor
46: Modelling UK Inflation: Persistence, Seasonality and Monetary Policy Downloads
Denise Osborn and Marianne Sensier
45: Testing for causality in variance in the presence of breaks Downloads
Dick van Dijk, Denise Osborn and Marianne Sensier
44: Nonlinearity and Structural Change in Interest Rate Reaction Functions for the US, UK and Germany Downloads
Mehtap Kesriyeli, Denise Osborn and Marianne Sensier
43: The Macroeconomics of Poverty Reduction Downloads
Pierre-Richard Agénor
42: Distribution and Development in a Model of Misgovernance Downloads
Keith Blackburn and Gonzalo Forgues-Puccio
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