Biography

MA, University of Oxford
MA, University of Cambridge
MSc Mathematical Economics and Econometrics, University of London

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Richard Pierse received a BA in PPE from Oxford University in 1976 and an MSc in Econometrics from London School of Economics in 1979. He has held research positions in the National Institute of Economic and Social Research, London School of Economics and the Department of Applied Economics at Cambridge University where he worked from 1982-92. He was then at the Centre for Economic Forecasting at the London Business School, before moving to the University of Surrey in 1995. He was for nine years a Consultant to the Bank of England and is currently a Consultant to H.M. Treasury and a Visiting Fellow at the National Institute of Economic and Social Research. He is the author of WinSolve, a computer package for solving nonlinear economic models.

Research Interests

Richard's main research interest is in issues of aggregation in econometrics, both across sectors and over time. He is also interested in macroeconomic modelling and in economic computing. He has published in the leading economics and econometrics journals including Econometrica, Review of Economic Studies, Journal of Econometrics, The Economic Journal and the Journal of the American Statistical Association.

Publications

• 'Growth and Welfare Effects of World Migration', Scottish Journal of Political Economy, 2010, forthcoming (with P. Levine, E. Lotti and J. Pearlman)
• 'Linear-Quadratic Approximation, External Habit and Targeting Rules', Journal of Economic Dynamics and Control, Vol. 32, 3315-49, 2008 (with P. Levine and J. Pearlman)
• 'Does energy consumption cause economic growth? : Evidence from a systematic study of over 100 countries', Journal of Policy Modeling, Vol. 30, 209-220, 2008 (with J. Chontanawat and L.C. Hunt)

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Current Working papers

• 'Risk management in action: robust monetary rules under structured uncertainty', European Central Bank, Working Paper No. 870, February 2008 (with and P. Levine, P. McAdam and J. Pearlman)
• 'A Tutorial on WinSolve Version 4', November 2007
• 'WinSolve Version 4: An Introductory Guide', October 2007
• 'Growth and welfare effects of east-west European migration', (with P. Levine, E. Lotti and J. Pearlman), November 2007
• 'Terminal conditions in forward-looking models', February 2006
• 'Optimal control in nonlinear models: a generalised Gauss-Newton algorithm with analytic derivatives', February 2006
• 'Growth, migration and trade in an enlarged European Union' (with P. Levine, E. Lotti and J. Pearlman), 2003
• 'Simple methods for revising economic data' (with A. P. Blake), December 2002
• 'Solving a stochastic growth model using the stacked-Newton method', December 2002
• 'A general approach to the solution of RE models' (with A. P. Blake), June 2000

Teaching

• ECOM021 Macroeconomics, Autumn semester 2011
• ECOM023 Econometrics, Spring semester 2012
• ECOM031 Financial Econometrics, Spring semester 2012
• ECO3029 Economic Forecasting, Spring term 2012

Departmental Duties

Examinations Officer