Discussion papers

Our discussion and working papers are broken in three different series: the School of Economics discussion paper series (ECON, DP), the Surrey Centre for International Economic Studies working paper series (SCIES) and the Surrey Energy Economics discussion paper series (SEEDS).

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Explore our discussion and working papers, listed by year of publication.




Hysteresis in the New Keynesian Three Equation ModelPaul LevineDP 08/21 (PDF)
Trade, Gravity and AggregationHolger Breinlich & J.M.C. Santos SilvaDP 07/21 (PDF)
Public Capital and Fiscal Constraint in Sovereign Debt CrisesHyungseok JooDP 06/21 (PDF)
Machine Learning in International Trade Research -
Evaluating the Impact of Trade Agreements
Holger Breinlich, Valentina Corradi & J.M.C. Santos SilvaDP 05/21 (PDF)
Optimal Lockdown in an
Epidemiological-Macroeconomic Model
Paul Levine & Neil RickmanDP 04/21 (PDF)
Imperfect Exchange Rate Pass-through: Empirical Evidence and Monetary Policy Implications

Maryam Mirfatah, Vasco J. Gabriel & Paul Levine

DP 03/21 (PDF)
Police Militarization and Local ElectionsMaurizio ZanardiDP 02/21 (PDF)
The Log of Gravity at 15Joao Santos SilvaDP 01/21 (PDF)




Inside the White Box: Unpacking the Determinants of Quality and Vertical SpecializationEsteban JaimovichDP 06/20 (PDF)
DSGE Models under Imperfect Information: A Dynare-based ToolkitPaul LevineDP 05/20 (PDF)

The Allocation OF Talent:
Finance versus Entrepreneurship

(Conditionally accepted at Review of Economic Dynamics)

Kirill ShakhnovDP 04/20 (PDF)
Individual Incentives and Workers’ Contracts: Evidence from a Field ExperimentVasco J. Gabriel and Neil RickmanDP 03/20 (PDF)
Monetary Growth Rules in an Emerging Open EconomyMaryam Mirfatah, Vasco J. Gabriel and Paul Levine

DP 02/20 (PDF)

Mandates and Monetary Rules a New Keynesian FrameworkPaul Levine and Son T. PhamDP 01/20 (PDF)




Information, VARs and DSGE modelsPaul LevineDP 16/19 (PDF)

Sovereign debt overhang, expenditure composition and debt restructurings

Hyungseok JooDP 15/19 (PDF)
On the strategic benefits of diversityMartin Kaae JensenDP 14/19 (PDF)

Understanding access barriers to public services: lessons from a randomised domestic violence intervention

Martin F. Koppensteiner

DP 13/19 (PDF)

Designing robust monetary policy using prediction pools

Szabolcs Deák, Paul Levine

DP 12/19 (PDF)

Sovereign debt restructurings: delays in renegotiations and risk averse creditors
Hyungseok JooDP 11/19 (PDF)

Violence and human capital investments

Martin F. Koppensteiner

DP 10/19 (PDF)

No-trade and refined equilibria for secured loans in infinite horizon

Mario Pascoa

DP 09/19 (PDF)

Crashing of efficient stochastic bubbles

Mario Pascoa

DP 08/19 (PDF)

Recourse loans and Ponzi schemes

Mario Pascoa

DP 07/19 (PDF)

Endogenous discounting, wariness, and efficient capital taxation

Mario Pascoa

DP 06/19 (PDF)

Standard setting organizations, information flows and business strategies: an empirical investigation

Paul Temple

DP 05/19 (PDF)

Policy mandates and institutional architecture

Ioannis Lazopoulos, Vasco J. Gabriel

DP 04/19 (PDF)

The state of DSGE modelling

Paul Levine

DP 03/19 (PDF)

Behavioural new Keynesian models

Robert Calvert Jump, Paul Levine

DP 02/19 (PDF)

Optimal taxation and debt management without commitment

Ricardo Nunes

DP 01/19 (PDF)


Effects of market structure and patient choice on hospital quality for planned patients

Giuseppe Moscelli, Hugh Gravelle, Luigi Siciliani

DP 11/18 (PDF)

Inflation expectations and non-linearities in the Philips curve

Ricardo Nunes

DP 10/18 (PDF)

The economic effects of Brexit - evidence from the stock market

Holger Breinlich, Elsa Leromain, Dennis Novy, Thomas Sampson, Ahmed Usman

DP 09/18 (PDF)

Merger policy in a quantitative model of
international trade

Holger Breinlich, Volker Nockez, Nicolas Schutzx

DP 08/18 (PDF)

Institutional setups of monetary policy and banking regulation and supervision - a survey

Diana Lima

DP 07/18 (PDF)

Bootstrap inference for penalized gmm estimators with oracle properties

Lorenzo Camponovo

DP 06/18 (PDF)

Relative error accurate statistic based on non-parametric likelihood

Lorenzo Camponovo, Taisuke Otsu

DP 05/18 (PDF)

Predictability hidden by anomalous observations

Lorenzo Camponovo, Olivier Scaillet, Fabio Trojani

DP 04/18 (PDF)

Non-parametric likelihood for volatility under high frequency data

Lorenzo Camponovo, Yukitoshi Matsushita, Taisuke Otsu

DP 03/18 (PDF)

Financial crisis, monetary base expansion and risk

Stylianos Tsiaras

DP 02/18 (PDF)

Roadways, input sourcing, and patterns of specialisation

Esteban Jaimovich

DP 01/18 (PDF)

Reconciling Jaimovich-Rebello preferences, habit in consumption and labour supplyTom Holden, Paul Levine, Jonathan SwarbrickDP 10/17 (PDF)

Internal rationality, heterogeneity, and complexity in the new Keynesian model

Cars Hommes, Robert Calvert Jump, Paul Levine

DP 09/17 (PDF)

Internal rationality, learning and imperfect information

Szabolcs Deák, Paul Levine, Joseph Pearlman, Bo Yang

DP 08/17 (PDF)

Determinants of repo haircuts and bankruptcy

Jean-Marc Bottazzi, Mario Pascoa, Guillermo Ramirez

DP 07/17 (PDF)

The impact of free early childhood education and care on educational achievement: a discontinuity approach investigating both quantity and quality of provision

Jo Blanden, Emilia Del Bono, Kirstine Hansen, Birgitta Rabe

DP 06/17 (PDF)

Equilibrium in fx swap markets: funding pressures and the cross-currency basis

Jean-Marc Bottazzi, Jaime Luque, Mario Pascoa

DP 05/17 (PDF)

Regulating the repo market: implications for leverage dynamics and bubbles

Jean-Marc Bottazzi, Jaime Luque, Mario Pascoa

DP 04/17 (PDF)

Student academic performance and professional training year

Panagiotis Arsenis, Miguel Flores

DP 03/17 (PDF)

Optimal fiscal and monetary policy, debt crisis and management

Cristiano Cantore, Paul Levine, Giovanni Melina, Joseph Pearlman

DP 02/17 (PDF)

Unravelling the skill premium

Peter mcadam, Alpo Willman

DP 01/17 (PDF)


Delphic and Odyssean monetary policy shocks: evidence from the euro-area

Philippe Andrade, Filippo Ferroni

DP 12/16 (PDF)

Velocity in the long run: money and structural transformation

Antonio Mele, Radoslaw Stefanski

DP 11/16 (PDF)

Quality growth: from process to product innovation along the path of development

Esteban Jaimovich

DP 10/16 (PDF)

Truth-tracking judgment aggregation over interconnected issues

Irem Bozbay

DP 09/16 (PDF)

Exact likelihood inference in group interaction network models

Grant Hillier, Federico Martellosio

DP 08/16 (PDF)

Exact properties of the maximum likelihood estimator in spatial autoregressive models

Grant Hillier, Federico Martellosio

DP 07/16 (PDF)

The effect of financial regulation mandate on inflation bias: a dynamic panel approach

Diana Lima, Ioannis Lazopoulos, Vasco Gabriel

DP 06/16 (PDF)

Short sales and shareholders' unanimity

Jean-Marc Bottazzi, Mario R. Pascoa and Guillermo Ramírez

DP 05/16 (PDF)

On the efficiency of monetary equilibrium when agents are wary

Aloisio Araujo, Juan Pablo Gama-Torres, Rodrigo Novinski and Mario R. Pascoa

DP 04/16 (PDF)

An estimated DSGE open-economy model of the Indian economy with financial frictions

Vasco Gabriel, Paul Levine and Bo Yang

DP 03/16 (PDF)

On the persistence of cross-country inequality measures

Dimitris Christopoulos and Peter mcadam

DP 02/16 (PDF)

Agent-based macroeconomics and dynamic stochastic general equilibrium models: where do we go from here?

Özge Dilaver, Robert Jump and Paul Levine

DP 01/16 (PDF)


Optimal fiscal and monetary policy, debt crisis and management

Cristiano Cantore, Paul Levine, Giovanni Melina and Joseph Pearlman

DP 05/15 (PDF)

Efficiency, inefficiency and the mena frontier

Dimitris Christopoulos and Peter mcadam

DP 04/15 (PDF)

Consistent estimation in large heterogeneous panels with multifactor structure and endogeneity

Giovanni Forchini, Bin Jiang and Bin Peng

DP 03/15 (PDF)

On the perils of stabilising prices when agents are learning

Antonio Mele, Krisztina Molnár and Sergio Santoro

DP 02/15 (PDF)

Military aid, direct intervention and counter terrorism

Maria Garcia-Alonso, Paul Levine and Ron Smith

DP 01/15 (PDF)


Diffusion of multiple information

Nicole Tabasso

DP 09/14 (PDF)

The international policy trilemma in the post-Bretton woods era

Alex Mandilaras

DP 08/14 (PDF)

Deep versus superficial habit: it’s all in the persistence

Cristiano Cantore, Paul Levine and Giovanni Melina

DP 07/14 (PDF)

Transitions in exchange rate regimes in the aftermath of the global economic crisis

Graham Bird and Alex Mandilaras

DP 06/14 (PDF)

Does tenure make researchers less productive? The case of the “specialist”

João Ricardo Faria and Peter mcadam

DP 05/14 (PDF)

CES technology and business cycle fluctuations

Cristiano Cantore, Paul Levine, Joseph Pearlman and Bo Yang

DP 04/14 (PDF)

Risk aversion in a model of endogenous growth

Christian Chiglino and Nicole Tabasso

DP 03/14 (PDF)

Kant’s endogenous growth mechanism

Gabriel Fagan, Vitor Gaspar and Peter mcadam

DP 02/14 (PDF)

A general result on observational equivalence in a class of nonparametric structural equations models

Giovanni Forchini

DP 01/14 (PDF)


Shocking stuff: technology, hours, and factor substitution

Cristiano Cantore, Miguel A. León-Ledesma, Peter mcadam and Alpo Willman

DP 09/13 (PDF)

From social contract to Arab spring: macroeconomic adjustment under regime change

João Ricardo Faria and Peter Mc Adam

DP 08/13 (PDF)

On habit and the socially efficient level of consumption and work effort

Paul Levine, Peter mcadam and Peter Welz

DP 07/13 (PDF)

Standards, learning and growth in Britain 1901-2009

Christopher Spencer and Paul Temple

DP 06/13 (PDF)

Monetary and fiscal rules in normal and abnormal times

Cristiano Cantore, Paul Levine, Giovanni Melina and Joseph Pearlman

DP 05/13 (PDF)

The RBC view of Pakistan: a declaration of stylized facts and essential models

M. Ali Choudhary and Farooq Pasha

DP 04/13 (PDF)

Wage growth and human capital in the UK finance sector

Joanne Lindley

DP 03/13 (PDF)

Sticky wages in a developing country: lessons from structured interviews in Pakistan

Waqas Ahmed, M. Ali Choudhary, Sajawal Khan, Saima Mahmood and Gylfi Zoega

DP 02/13 (PDF)

Bootstrapping tests for jumps with an application to test averaging

Ana-Maria Dumitru

DP 01/13 (PDF)


Efficient simulation of DSGE models with inequality constraints

Tom Holden and Michael Paetz

DP 16/12 (PDF)

Learning from learners

Tom Holden

DP 15/12 (PDF)

Medium-frequency cycles and the remarkable near trend-stationarity of output

Tom Holden

DP 14/12 (PDF)

Explaining shifts in exchange rate regimes

Graham Bird, Alex Mandilaras and Helen Popper

DP 13/12 (PDF)

Will Europe’s fiscal compact help avoid future economic crises?

Graham Bird and Alex Mandilaras

DP 12/12 (PDF)

Measuring financial contagion with extreme co-exceedances

Apostolos Thomadakis

DP 11/12 (PDF)

Imperfect information, optimal monetary policy and informational consistency

Paul Levine, Joseph Pearlman and Bo Yang

DP 10/12 (PDF)

Technology, utilisation and inflation: what drives the new Keynesian-Philips curve?

Peter mcadam and Alpo Willman

DP 09/12 (PDF)

Openness, efficiency and technology: an industry assessment

Dimitris Christopoulos and Peter mcadam

DP 08/12 (PDF)

Endogenous growth and consumption aggregation

Nicole Tabasso

DP 07/12 (PDF)

Contagion or flight-to-quality phenomena in stock and bond returns

Apostolos Thomadakis

DP 06/12 (PDF)

A fiscal stimulus with deep habits and optimal monetary policy

Cristiano Cantore, Paul Levine, Giovanni Melina and Bo Yang

DP 05/12 (PDF)

A new perspective on the gold standard: inflation as a population phenomenon

Joao Ricardo Faria and Peter mcadam

DP 04/12 (PDF)

Structural equations and invariance

Giovanni Forchini

DP 03/12 (PDF)

Bank lending and monetary shocks: an empirical investigation

Amjad Ali, M. Ali Choudhary, Shah Hussain and Vasco J. Gabriel

DP 02/12 (PDF)

Consistent estimation of panel data models with a multi-factor error structure

Ben Ping and Giovanni Forchini

DP 01/12 (PDF)


A fiscal stimulus and jobless recovery

Cristiano Cantore, Paul Levine and Giovanni Melina

DP 11/11 (PDF)

Formal sector price discoveries: results from a developing country

M. Ali Choudhary, Saima Naeem, Abdul Faheem, Nadim Haneef and Farooq Pasha

DP 10/11 (PDF)

Delegation to independent regulators and the ratchet effect

Joanne Evans, Paul Levine, Neil Rickman and Francesc Trillas

DP 09/11 (PDF)

Identification of monetary policy in SVAR models: a data-oriented perspective

Matteo Fragetta and Giovanni Melina

DP 08/11 (PDF)

Informality, frictions and monetary policy

Nicoletta Batini, Paul Levine, Emanuela Lotti and Bo Yang

DP 07/11 (PDF)

Is there a Beijing consensus on international macroeconomic policy?

Graham Bird, Alex Mandilaras and Helen Popper

DP 06/11 (PDF)

Getting normalisation right: dealing with 'dimensional constants' in macroeconomics

Cristiano Cantore and Paul Levine

DP 05/11 (PDF)

Aggregate stability and balanced-budget rules

Matteo Ghilardi and Raffaele Rossi

DP 04/11 (PDF)

Trilemma stability and international macroeconomic archetypes
in developing economies

Helen Popper, Alex Mandilaras and Graham Bird

DP 03/11 (PDF)

The costs and benefits of informality

Nicoletta Batini, Paul Levine and Emanuela Lotti

DP 02/11 (PDF)

The gender dimension of technical change and task inputs

Joanne Lindley

DP 01/11 (PDF)


An estimated DSGE model of the Indian economy

Vasco J Gabriel, Paul Levine, Joseph Pearlman and Bo Yang

DP 12/10 (PDF)

An efficient test of fiscal sustainability

Vasco J Gabriel and Pataaree Sangduan

DP 11/10 (PDF)

The cost channel reconsidered: a comment using an identification-robust approach

Vasco J Gabriel and Luis F Martins

DP 10/10 (PDF)

Cointegration tests under multiple regime shifts: an application to the stock price-dividend relationship

Vasco J Gabriel and Luis F Martins

DP 09/10 (PDF)

A comparison of earnings and occupational attainment of refugees and asylum seekers and economic immigrants in the UK

Rukhsana Kausar and Stephen Drinkwater

DP 08/10 (PDF)

Optimal intermediation under aggregate consumption uncertainty

Ioannis Lazopoulos

DP 07/10

Migration, skill composition and growth

Young-Bae Kim, Paul Levine and Emanuela Lotti

DP 06/10 (PDF)

The gender dimension of technical change and job polarisation

Jo Lindley

DP 05/10 (PDF)

A floating versus managed exchange rate regime in a dsge model of india

Nicoletta Batini, Vaco Gabriel, Paul Levine and Joseph Pearlman

DP 04/10 (PDF)

Endogenous persistence in an estimated dsge model under imperfect information

Paul Levine, Joseph Pearlman, George Perendia and Bo Yang

DP 03/10 (PDF)

Monetary policy in an uncertain world: probability models and the design of robust monetary rules

Paul Levine

DP 02/10 (PDF)

Is the over-education wage penalty permanent?

Joanne Lindley and Steven mcintosh

DP 01/10 (PDF)


Informal labour and credit markets: a survey

Nicoletta Batini, Young-Bae Kim, Paul Levine and Emanuela Lotti

DP 06/09 (PDF)

Once bitten: the effect of IMF programs on subsequent reserve behaviour

Graham Bird and Alex Mandilaras

DP 05/09 (PDF)

Reform and competitive selection in china: an analysis of firm exits

Qing Gong Yang and Paul Temple

DP 04/09 (PDF)

Assessing fiscal sustainability subject to policy changes: a Markov switching cointegration approach

Vasco Gabriel and Pataaree Sangduan

DP 03/09 (PDF)

Military expenditure and economic growth literature: a meta-analysis

Aynur Alptekin and Paul Levine

DP 02/09 (PDF)

Conflict, growth and welfare: can increasing property rights really be counterproductive?

Aynur Alptekin and Paul Levine

DP 01/09 (PDF)


Is there a trade-off between regional growth and national income? Theory and evidence from the EU

Young-Bae Kim

DP 10/08 (PDF)

Happiness inertia: analytical aspects of the Easterlin paradox

Ali Choudhary, Paul Levine, Peter mcadam and Peter Welz

DP 09/08 (PDF)

Neural network models for inflation forecasting: an appraisal

Ali Choudhary and Adnan Haider

DP 08/08 (PDF)

Entrepreneurship, spillovers and productivity growth in the small firm sector of UK manufacturing

Hany El Shamy and Paul Temple

DP 07/08 (PDF)

Taylor-type rules versus optimal policy in a Markov-switching economy

Fernando Alexandre, Pedro Bassao and Vasco Gabriel

DP 06/08 (PDF)

How forward-looking is the fed? Direct estimates from a 'calvo-type' rule

Vasco Gabriel, Paul Levine and Christopher Spencer

DP 05/08 (PDF)

On the (ir)relevance of direct supply-side effects of monetary policy>

Vasco Gabriel, Paul Levine, Christopher Spencer and Bo Yang

DP 04/08 (PDF)

Panic on the streets of London: police, crime and the July 2005 terror attacks

Mirko Draca, Stephen Machin and Robert Witt

DP 03/08 (PDF)

Robust inflation-targeting rules and the gains from international policy coordination>

Paul Levine, Joseph Pearlman and Peter Welz

DP 02/08 (PDF)

Determining constituency marginality in the UK using the expense claims of MPS

Tim Bale, Barry Reilly and Robert Witt

DP 01/08 (PDF)


The determinants of base pay and the role of race in major league soccer: evidence from the 2007 league season

Barry Reilly and Robert Witt

DP 19/07 (PDF)

The credibility problem revisited: thirty years on from Kydland and Prescott

Paul Levine, Joseph Pearlman and Bo Yang

DP 18/07 (PDF)

Fiscal policy in a monetary union: can fiscal cooperation be counterproductive?

Luisa Lambertini, Paul Levine and Joseph Pearlman

DP 17/07 (PDF)

Estimating DSGE models under partial information

Paul Levine, Joseph Pearlman and George Perendia

DP 16/07 (PDF)

Growth and welfare effects of east-west European migration

Paul Levine, Emanuela Lotti, Joseph Pearlman and Richard Pierse

DP 15/07 (PDF)

What macroeconomics conditions best explain southeast Asian capital flows?

Alex Mandilaras and Helen Popper

DP 14/07 (PDF)

Foreign exchange pressures in Latin America: does debt matter?

Graham Bird and Alex Mandilaras

DP 13/07 (PDF)

Revisiting Mrs. Machlup's wardrobe: the accumulation of international reserves, 1992-2001

Graham Bird and Alex Mandilaras

DP 12/07 (PDF)

Channel trading and imperfect competition: good trades and bad trades

Paul Levine and Neil Rickman

DP 11/07 (PDF)

Optimal administered incentive pricing of spectrum

Paul Levine and Neil Rickman

DP 10/07 (PDF)

Monetary policy coordination revisited in a two-block DSGE model

Paul Levine, Joseph Pearlman and Richard Pierse

DP 09/07 (PDF)

Monetary rules in emerging economies with financial market imperfections

Nicoletta Batini, Paul Levine and Joseph Pearlman

DP 08/07 (PDF)

Robust monetary rules under unstructured and structured model uncertainty

Paul Levine and Joseph Pearlman

DP 07/07 (PDF)

Spectrum property rights versus a commons model: exploitation of mesh networks

Paul Levine, Klaus Moessner and Neil Rickman

DP 06/07 (PDF)

Anglo-Dutch, split-award spectrum actions with a downstream market

Parimal Bag, Paul Levine and Neil Rickman

DP 05/07 (PDF)

The IMF: a bird's eye view of its role and operations

Graham Bird

DP 04/07 (PDF)

Accounting for intergenerational income persistence: noncognitive skills, ability and education

Jo Blanden, Paul Gregg and Lindsey MacMillan

DP 03/07 (PDF)

The IMF's role in mobilizing private capital flows: are there grounds for catalytic conversion?

Graham Bird and Dane Rowlands

DP 02/07 (PDF)

The analysis of catalysis: IMF programs and private capital flows

Graham Bird and Dane Rowlands

DP 01/07 (PDF)


Lobbies, delegation and the under-investment problem in regulation

Joanne Evans, Paul Levine and Fransesc Trillas

DP 20/06 (PDF)

Labour market and investment effects of remittances

Stephen Drinkwater, Paul Levine and Emanuela Lotti

DP 19/06 (PDF)

What determines the implementation of IMF programs?

Ozlem Arpac, Graham Bird and Alex Mandilaras

DP 18/06 (PDF)

Poles apart? Eu enlargement and the labour market outcomes of immigrants in the UK

Stephen Drinkwater, John Eade and Michal Garapich

DP 17/06 (PDF)

Explaining IMF arrangements: was Asia different?

Graham Bird and Dane Rowlands

DP 16/06 (PDF)

The implementation of IMF programs: a conceptual framework

Graham Bird

DP 15/06 (PDF)

Measurement, technological capability, and intra-industry trade: evidence from the EU

Ali Choudhary, Paul Temple and Lei Zhao

DP 14/06 (PDF)

Mind the gap: a comment on aggregate productivity and technology

Ali Choudhary and Vasco Gabriel

DP 13/06 (PDF)

Dynamics and diversity: ethnic employment differences in England and Wales, 1991 - 2001

Kenneth Clark and Stephen Drinkwater

DP 12/06 (PDF)

The dynamic wage bargaining problem

Renuka Metcalfe

DP 11/06 (PDF)

Terminal conditions in forward-looking economics model

Richard Pierse

DP 10/06 (PDF)

Optimal control in nonlinear models: a generalised gauss-newton algorithm with analytic derivatives

Richard Pierse

DP 09/06 (PDF)

Central bank independence and the "free lunch puzzle": a new perspective

Ali al-Nowaihi, Paul Levine and Alex Mandilaras

DP 08/06 (PDF)

Necessary and sufficient conditions for latent separability

Ian A. Crawford

DP 07/06 (PDF)

Reaction functions of Bank of England MPC members: insiders versus outsiders

Christopher Spencer

DP 06/06 (PDF)

The 24/7 society and multiple habits

Ali Choudhary and Paul Levine

DP 05/06 (PDF)

Public debt maturity and currency crises

Paul Levine, Alexandros Mandilaras and Jun Wang

DP 04/06 (PDF)

The dissent voting behaviour of bank of Bank of England MPC members

Christopher Spencer

DP 03/06 (PDF)

Robust estimates of the new Keynesian Phillips curve

Luis Martins and Vasco Gabriel

DP 02/06 (PDF)

Price regulation and the commitment problem: can limited capture be beneficial?

Paul Levine, Neil Rickman and Francesc Trillas

DP 01/06 (PDF)


A note on: jury size and the free rider problem

Parimal Kanti, Paul Levine and Christopher Spencer

DP 17/05 (PDF)

The hazard of being an English football league manager: empirical estimates from the 2002/3 season

Ray Bachan, Barry Reilly and Robert Witt

DP 16/05 (PDF)

Consensus formation in monetary policy committees

Christopher Spencer

DP 15/05 (PDF)

On the stability of the wealth effect

Fernando Alexandre, Pedro Bagco and Vasco Gabriel

DP 14/05 (PDF)

IMF quotas: constructing an international organisation using inferior building blocks

Graham Bird and Dane Rowlands

DP 13/05 (PDF)

A nonparametric test of stochastic dominance in multivariate distributions

Ian Crawford

DP 12/05 (PDF)

The IMF and the mobilization of foreign aid

Graham Bird and Dane Rowlands

DP 11/05 (PDF)

Identifying externalities in UK manufacturing using direct estimation of an average cost function

Ciaran Driver, Paul Temple and Giovanni Urga

DP 10/05 (PDF)

Should it be curtains for some of the IMF 's lending windows?

Graham Bird and Dane Rowlands

DP 09/05 (PDF)

Contrasts between classes of assets in fixed investment equations as a way of testing real option theory

Ciaran Driver, Paul Temple and Giovanni Urga

DP 08/05 (PDF)

Bi-polar disorder: exchange rate regimes, economics crises and the IMF

Graham Bird and Dane Rowlands

DP 07/05 (PDF)

The viability of economics reform programs supported by the international financial institutions

Graham Bird, Wolfgang Mayer and Alex Mourmouras

DP 06/05 (PDF)

Over-optimism and the IMF

Graham Bird

DP 05/05 (PDF)

Explaining the diversity of industry investment responses to uncertainty using long run panel survey data

Ciaran Driver, Paul Temple and Giovanni Urga

DP 04/05 (PDF)

Revealed preference analysis of characteristics models

Laura Blow, Martin Browning and Ian Crawford

DP 03/05 (PDF)

Beneficial collusion in corruption control: the case of nonmonetary penalties

Mehmet Bac and Parimal Kanti Bag

DP 02/05 (PDF)

Favouritism and financial incentives: a natural experiment

Neil Rickman and Robert Witt

DP 01/05 (PDF)


Everyone's a winner? Union effects on persistence in private sector wage settlements: longitudinal evidence from Britain

Donna Brown, Peter Ingram and Jonathan Wadsworth

DP 11/04 (PDF)

Institutions and long-run growth in the UK: the role of standards

Paul Temple, Robert Witt and Chris Spencer

DP 10/04 (PDF)

Strategic procurement, openness and market structure

Maria Garcia-Alonso and Paul Levine

DP 09/04 (PDF)

Robust inflation-forecast-based rules to shield against indeterminacy

Nicoletta Batini, Alejandro Justiniano, Paul Levine and Joseph Pearlman

DP 08/04 (PDF)

Can risk aversion in firms reduce unemployment persistence?

Ali Choudhary and Paul Levine

DP 07/04 (PDF)

Migration and labour market differences: the case of wales

Stephen Drinkwater and David Blackaby

DP 06/04 (PDF)

The transition from welfare to work

Robert J. Lemke, Robert J. Witt and Ann Dryden Witte

DP 05/04 (PDF)

Connecting people

Ali Choudhary

DP 04/04 (PDF)

Liability, insurance and defensive medicine: new evidence

Paul Fenn, Alastair Gray and Neil Rickman

DP 03/04 (PDF)

Indeterminacy with inflation-forecast-based rules in a two-bloc model

Nicoletta Batini, Paul Levine and Joseph Pearlman

DP 02/04 (PDF)

Shareholder value or competitive advantage? Evidence from hurdle rates

Ciaran Driver and Paul Temple

DP 01/04 (PDF)


Estimating the willingness to move within Great Britain: importance and implications

Stephen Drinkwater

DP 12/03 (PDF)

Are performance conditions on executive options driven by fundamentals?

Ali Choudhary and J. Michael Orszag

DP 11/03 (PDF)

The implementation of IMF programmes: a conceptual framework and a policy agenda

Graham Bird

DP 10/03 (PDF)

Have industrial relations in the UK really improved?

Stephen Drinkwater and Peter Ingram

DP 09/03 (PDF)

Pay settlements and nominal wage rigidity in Britain

Donna Brown, Peter Ingram and Jonathan Wadsworth

DP 08/03 (PDF)

Determinants of employee crime in the UK

Neil Rickman and Robert Witt

DP 07/03 (PDF)

Price regulation, investment and the commitment problem

Neil Rickman and Paul Levine

DP 06/03 (PDF)

Go west? Assessing the willingness to move from central and eastern European counties

Stephen Drinkwater

DP 05/03 (PDF)

Independent utility regulators: lessons from monetary policy

Paul Levine, Jon Stern and Francesc Trillas

DP 04/03 (PDF)

Self-stabilizing firms and unemployment persistence

Ali Choudhary and Paul Levine

DP 03/03 (PDF)

The immigration surplus revisited in a general equilibrium model with endogenous growth

Paul Levine, Emanuela Lotti and Joseph Pearlman

DP 02/03 (PDF)

The economics impact of migration: a survey

Stephen Drinkwater, Paul Levine, Emanuela Lotti and Joseph Pearlman

DP 01/03 (PDF)


Back from the dead? The return of energy policy

Colin Robinson



An empirical analysis of the long-run energy demand in japan: 1887-1998

Yasushi Ninomiya


Efficiency and performance in the gas industry

David Hawdon


A general approach to the solution of nonlinear rational expectations models

Andrew P. Blake and Richard G. Pierse

ECON 4/00 (PDF)

Crime causation: economic theories

Ann Dryden Witte and Robert Witt

ECON 3/00 (PDF)

Public debt and inflation: the role of inflation-sensitive instruments

Alexandros Mandilaras and Paul Levine

ECON 2/00 (PDF)

Patient choice and primary care

Heather Gage and Neil Rickman

ECON 1/00 (PDF)

Moving towards competition in water: lessons from gas and electricity regulation

Colin Robinson


UK privatisation: retrospect and prospect

Clare Spottiswoode, Eileen Marshall, Michael Parker and Frank Cronin


Modelling technical progress: an application of the stochastic trend model to UK energy demand

Lester C. Hunt, Guy Judge and Yasushi Ninomiya



Regional variations of the demand for arms trade: an empirical study of global panel data

Fotis Mouzakis

ECON 2/99

The influence of uncertainty of investment in the UK: a macro or micro phenomenon?

Paul Temple, Ciaran Diver and Giovanni Urga

ECON 1/99 (PDF)

Regulatory reform of the UK gas market - the case of the storage auction

David Hawdon and Nicola Stevens


Estimating the demand for energy in Jordan: a Stock-Watson dynamic OLS (DOLS) approach

Ahmed Al-Azzam and David Hawdon


Catalysis of direct borrowing: the role of the IMF in mobilising private capital

Graham Bird and Dane Rowlands

SCIES 99/7

IMF lending: how is it affected by economic, political and institutional factors?

Graham Bird and Dane Rowlands

SCIES 99/6

Does IMF conditionality signal policy credibility to markets?

Graham Bird and Dane Rowlands

SCIES 99/5

Does the World Bank catalyse other financial flows?

Graham Bird and Dane Rowlands

SCIES 99/4

The catalyzing role of policy-based lending by the IMF and the World Bank: fact or fiction?

Graham Bird, Antonella Mori and Dane Rowlands

SCIES 99/3

Do the multilaterals catalyse other capital flows? What evidence does the case study evidence show?

Graham Bird, Antonella Mori and Dane Rowlands

SCIES 99/2

Reforming the IMF: long term lessons from short-term crises

Graham Bird

SCIES 99/1


The policy of power and the power of policy: energy policy in Honduras

Lester C. Hunt, Claudio Salgado and Andy Thorpe


Efficiency considerations in the Electricity supply industry: the case of Iran

Ali Emami Meibodi


Economic models of OPEC behaviour and the role of Saudi Arabia

Nourah A. Al-Yousef


Growing at different rates

Thomas Krichel

ECON 01/98 (PDF)

Modelling Saudi Arabia behaviour in the world oil market 1976-1996

Nourah A. Al-Yousef


The socio-economic impact of renewable energy technologies

Hayley Myles


Pressure groups and political forces in Britain's privatisation programme

Colin Robinson


Mutual deposit taking: a welfare analysis

Alistair Milne

SCIES 98/2

Bank capital and risk taking

Alistair Milne and A. Elizabeth Whalley

SCIES 98/1


The welfare economics of rural to urban migration: the Harris-Todaro model revisited

Thomas Krichel and Paul Levine

ECON 02/97 (PDF)

Fiscal policy after Maastricht

Marco Catenaro

ECON 01/97 (PDF)

Environmental information and the demand for super unleaded petrol in the UK

Roger Fouquet


Monetary union: the ins and outs of strategic delegation

Paul Levine and Joseph Pearlman

SCIES 97/6

Domestic procurement, subsidies and the arms trade

Mary Carmen Garcia-Alonso and Paul Levine

SCIES 97/5

Conditionally, credibility and catalysis: a theory discredited

Graham Bird

SCIES 97/4

How important is sound domestic macroeconomics in attracting capital inflows to developing countries?

Graham Bird

SCIES 97/3

The catalytic effect of lending by the international financial institutions?

Graham Bird and Dane Rowlands

SCIES 97/2

Is Asian growth a threat to the West?

Paul Levine

SCIES 97/1


Contingent fees and litigation settlement

Neil Rickman

ECON 09/96

The arms trade: some theories and econometrics

Paul Levine, Fotis Mouzakis and Ron Smith

ECON 08/96

Are higher long-term unemployment rates associated with higher crime?

Robert Witt, Alan Clarke and Nigel Fielding

ECON 07/96

Common stochastic trends, cycles and sectoral fluctuations: a study of output in the UK

Anthony Garratt and Richard G. Pierse

ECON 06/96 (PDF)

Explaining breast cancer mortality in England: the effect of socio-economic factors and health care services

Heather Gage and Roger Fouquet

ECON 05/96 (PDF)

The role of screening in reducing invasive cervical cancer registrations in England

Roger Fouquet and Heather Gage

ECON 4/96

Crime, regions and the labour market

Robert Witt, Alan Clarke and Nigel Fielding

ECON 3/96

Population health outcome indicators and public health policy formation in England

Heather Gage and Roger Fouquet

ECON 2/96

The level and power of the bootstrap t-test in the trend model with AR(1) errors

John C. Nankervis and N. E. Savin

ECON 1/96

Buffer stock saving with uninsurable income shocks

Alistair Milne and A. Elizabeth Whalley

Online 9604

New analysis of a model of time to build

Alistair Milne and A. Elizabeth Whalley

Online 9603

Dynamic aspect of growth and fiscal policy

Thomas Krichel and Paul Levine

Online 9601

Petrol price asymmetries revisited

Barry Reilly and Robert Witt


UK energy policy: findings from two surveys

Peter J G Pearson and Roger Fouquet


The effectiveness of conditionality and the political economy of policy reform: is it simply a matter of political will?

Graham Bird

SCIES 96/0

The rise and fall of the SDR: the political economy of an international reserve asset

Graham Bird

SCIES 96/9

Phases of imitation and innovation in a North-South endogenous growth model

David Currie, Paul Levine, Joseph Pearlman and Michael Chui

SCIES 96/8

Independent but accountable: Walsh contracts and the credibility problem

Ali al-Nowaihi and Paul Levine

SCIES 96/7

Does pre-commitment raise growth? Dynamic aspects of growth and fiscal policy

Paul Levine and Thomas Krichel

SCIES 96/6

The arms trade and the stability of regional arms races

Paul Levine

SCIES 96/5

External financing and balance of payments adjusting in developing countries: how to get the right mix

Graham Bird

SCIES 96/4

Can neoliberalism survive in Latin America?

Graham Bird and Ann Helwege

SCIES 96/3

Financing constraints and reordering rules

Alistair Milne

SCIES 96/2

Recidivism and borrowing from the IMF: how to kick the habit

Graham Bird

SCIES 96/1

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