Macroeconomics

Improving decision making by central banks and governments to avert swings in living standards at the national level and internationally.

  • Camilla, M., Serlenga, L., & Shin, Y. (2013). Globalisation and technological convergence in the EU. Journal of Productivity Analysis, 1-15. Paper
  • Chen, L., Zerilli, P. and Baum, C.F. (2019). Leverage effects and stochastic volatility in spot oil returns: A Bayesian approach with VaR and CVaR applications. Energy Economics, 79, pp.111-129.
  • Coroneo, L. and Pastorello, S. (2020). European spreads at the interest rate lower bound. Journal of Economic Dynamics and Control, 119, p.103979. Paper
  • Dees, S., Hashem Pesaran, M., Vanessa Smith, L., & Smith, R. P. (2014). Constructing Multi‐Country Rational Expectations Models. Oxford Bulletin of Economics and Statistics, 76(6), 812-840. Paper
  • Greenwood-Nimmo, M., Nguyen, V. and Shin, Y. (2019). Quantifying informational linkages in a global model of currency spot markets. In International Financial Markets (pp. 99-132). Routledge.Paper
  • Juvenal, L., & Monteiro, P. S. (2017). Trade and synchronization in a multi-country economy. European Economic Review, 92, 385-415. Paper
  • Park, H., & Shin, Y. (2017). Exploring international linkages using generalised connectedness measures: The case of Korea. International Review of Economics & Finance, 50, 49-64. Paper
  • Smith, L.V., Tarui, N. and Yamagata, T. (2021). Assessing the impact of COVID-19 on global fossil fuel consumption and CO2 emissions. Energy economics, 97, p.105170.
  • Coroneo, L., Corradi, V. and Santos Monteiro, P. (2018). Testing for optimal monetary policy via moment inequalities. Journal of Applied Econometrics, 33(6), pp.780-796.
  • Goliński, A. (2021). Monetary policy at the zero lower bound: Information in the Federal Reserve’s balance sheet. European Economic Review, 131, p.103613.
  • Madeira, C. and Madeira, J. (2019). The effect of FOMC votes on financial markets. Review of Economics and Statistics, 101(5), pp.921-932.
  • Madeira, J. and Palma, N. (2018). Measuring monetary policy deviations from the Taylor rule. Economics Letters, 168, pp.25-27.
  • Polito, V. and Spencer, P. (2016). Optimal Control of Heteroscedastic Macroeconomic Models. Journal of Applied Econometrics, 31(7), pp.1430-1444. Paper
  • Janiak, A., and Monteiro, P. S. (2016). Towards a quantitative theory of automatic stabilizers: The role of demographics. Journal of Monetary Economics, 78, 35-49. Paper
  • Ahmad, A., McManus, R. and Ozkan, F.G. (2021). Fiscal space and the procyclicality of fiscal policy: The case for making hay while the sun shines. Economic Inquiry, 59(4), pp.1687-1701.
  • Ganelli, G. and Rankin, N. (2020). Fiscal deficits as a source of boom and bust under a common currency. Journal of International Money and Finance, 104, p.102149.
  • Janiak, A., & Monteiro, P. S. (2016). Towards a quantitative theory of automatic stabilizers: The role of demographics. Journal of Monetary Economics, 78, 35-49. Paper
  • Cornea-Madeira, A., Hommes, C. and Massaro, D. (2019). Behavioural heterogeneity in US inflation dynamics. Journal of Business and Economic Statistics, 37(2), pp.288-300. Paper
  • Janiak, A., and Monteiro, P. S. (2016). Towards a quantitative theory of automatic stabilizers: The role of demographics. Journal of Monetary Economics, 78, 35-49. Paper
  • Kokonas, N. and Monteiro, P.S. (2021). Aggregation in economies with search frictions. Journal of Mathematical Economics, 96, p.102521.
  • Madeira, J. (2015). Firm-specific capital, inflation persistence and the sources of business cycles. European Economic Review, 74, 229-243. Paper
  • Madeira, J. (2014). Overtime labour, employment frictions, and the new keynesian phillips curve. Review of Economics and Statistics, 96(4), 767-778. Paper
  • Madeira, J. (2018). Assessing the Empirical Relevance of Labour Frictions to Business Cycle Fluctuations. Oxford Bulletin of Economics and Statistics, 80(3), pp.554-574.
  • Madeira, C. and Madeira, J. (2019). The effect of FOMC votes on financial markets. Review of Economics and Statistics, 101(5), pp.921-932.
  • Minford, P., Wickens, M., and Xu, Y. (2016). Comparing different data descriptors in Indirect Inference tests on DSGE models. Economics Letters, 145, 157-161. Paper
  • Minford, P., Wickens, M., and Xu, Y. (2019). Testing part of a DSGE model by indirect inference. Oxford Bulletin of Economics and Statistics, 81(1), pp.178-194. Paper
  • Polito, V. and Spencer, P. (2016). Optimal Control of Heteroscedastic Macroeconomic Models. Journal of Applied Econometrics, 31(7), pp.1430-1444. Paper
  • Thijssen, J.J.J. (2015). A model for irreversible investment with construction and revenue uncertainty, Journal of Economic Dynamics and Control, 57, 250–266
  • Thijssen, J.J.J. (2011). Incomplete Markets, Knightian Uncertainty, and Irreversible Investment, Journal of Economic Dynamics and Control, 35, 909–921.
  • Spencer, P. (2013). UK macroeconomic volatility and the term structure of interest rates. Oxford Bulletin of Economics and Statistics, 75(3), 323-339. Paper