CAMA Publications


Behavioural Macroeconomics and Complexity program

Di Guilmi C, Gallegati M, Landini S and Stiglitz JE (2020) ‘An analytical solution for network models with heterogeneous and interacting agents’, forthcoming in the Journal of Economic Behavior and Organization

Climate Change and Energy program

Janda K and Kourilek J, ‘Residual shape risk on natural gas market with mixed jump diffusion price dynamics.’ Energy Economics, January 2020, vol. 85, article 104465,
• Perdana S and Tyers R (2020) ‘Global climate change mitigation: strategic incentives’, The Energy Journal, Volume 41, No 3: 183-206.

Commodities and the Macroeconomy program

Raghavan M (2020) ‘An analysis of the global oil market using SVARMA models’, Energy Economics, 104633.

COVID-19 and the Macroeconomy program

• McKibbin W and Fernando R (2020) ‘The Economic Impact of COVID-19’ in Baldwin R. and B. Weber Di Mauro (2020) Economics in the Time of COVID-19 , CEPR Vox-EU. London
• McKibbin W and Fernando R (2020) ‘The Global Macroeconomic Impacts of COVID-19: Seven Scenarios’ COVID Economics: Vetted and Real Time papers, vol 10. Centre for Economic Policy Research, London. Pp 116-156.

Finance and the Macroeconomy program

Arin K, Braunfels E and Doppelhoffer P (2020) ‘Revisiting the growth effects of fiscal policy: A Bayesian model averaging approach’, forthcoming in Journal of Macroeconomics.
• Hara N, Miyao R and Okimoto T (2020) ‘The effects of asset purchases and normalization of US monetary policy’, Econ Inq. doi:10.1111/ecin.12883.
Okimoto T and Takaoka S (2020) ‘No-arbitrage determinants of credit spread curves under the unconventional monetary policy regime in Japan’, Journal of International Financial Markets, Institutions and Money, Volume 64, January 2020, 101143.
Pontines V (2020) ‘A Provincial view of consumption risk sharing in Korea: Asset classes as shock absorbers’, Journal of the Japanese and International Economies, forthcoming (CAMA WP 23/2019)
Shaffer S and Spierdijk L (2020) ‘Measuring multi-product banks’ market power using the Lerner index,’ Journal of Banking and Finance, forthcoming.

Growth, Demographics and Productivity program

Alpaslan B and Yildirim J (2020). ‘The Missing Link: Are Individuals with More Social Capital in Better Health? Evidence from India’. Social Indicators Research (online first).
• Han J-S and Lee J-W, ‘Demographic change, human capital, and economic growth in Korea’, Japan & The World Economy 53 (2020) 100984.
Lee J-W, ‘Convergence Success and the Middle Income Trap,’ The Developing Economies, 58(1), March 2020.
Yakita A, ‘Economic development and long-term care provision by families, markets and the state.’ Journal of the Economics of Aging 15 (2020) 100210.

Macroeconomic Policy Frameworks program

• Asako Y, Funki Y, Ueda K, and Uto N, ‘(A)symmetric Information Bubbles: Experimental Evidence’, Journal of Economic Dynamics and Control, 110, 103744, 2020.
• Coibion O, Gorodnichenko Y, Kumar S, and Pedemonte M (2020) ‘Inflation Expectations A Policy Tool?,’ Journal of International Economics. Vol. 124.
Eo Y and Lie D (2020) ‘Average Inflation Targeting and Interest-Rate Smoothing’, forthcoming on Economic Letters.
• Froyen RT and Guender AV, ‘A re-evaluation of the choice of an inflation target in the wake of the global financial crisis,’ forthcoming in New Zealand Economic Papers, 2020.
• Katagiri M, Konishi H, and Ueda K, ‘Aging and Deflation from a Fiscal Perspective,’ Journal of Monetary Economics, 111, 1-15, 2020.
Kumar S (2020) ‘Firms’ Asset Holdings and Inflation Expectations.’ Journal of Economic Behavior & Organisation. Vol. 170, pp.193-205.
Ueda K, ‘Dynamic Cost of Living Index for Storable Goods’, Economics Letters, 189, 109013, 2020.

Macroeconomic Theory program

Maldonado WL, Egozcue JJ and Pawlowsky-Glahn V (2020) ‘No-arbitrage matrices of exchange rates: Some characterizations’, International Journal of Economic Theory. DOI: 10.1111/ijet.12249

Model Uncertainty and Macro-Econometrics program

• Colombo V and Paccagnini A (2020) ‘Does the credit supply shock have asymmetric effects on macroeconomic variables?’ forthcoming on Economic Letters.
• Kamber G and Wong B (2020) ‘Global Factors and Trend Inflation’, Journal of International Economics, vol.122(C), 103265 (CAMA WP 62/2019).
• Lütkepohl H and Woźniak T (2020) ‘Bayesian Inference for Structural Vector Autoregressions Identified by Markov-Switching Heteroskedasticity’, Journal of Economic Dynamics and Control, Vol. 113.
• Mertens E and Nason J, ‘Inflation and Professional Forecast Dynamics: An Evaluation of Stickiness, Persistence, and Volatility,’ Quantitative Economics, forthcoming (May 2020).
Nason J and Smith GW, ‘Measuring the Slowly Evolving Trend in US Inflation with Professional Forecasts,’ Journal of Applied Econometrics, forthcoming (April 2020).

Multi-Country Models and Methods program

• Azwar Y and Tyers R (2020) ‘Indonesian macroeconomic policy through two crises’, Journal of the Southeast Asian Economies, forthcoming.

Book and book chapter

Growth, Demographics and Productivity program

Akdemir T, Alpaslan B, and Kiral H (2020). ‘Revisiting Conditional Cash Transfers: General Overview and Its Implementation in Turkey’. In Kiral H, Akdemir T (eds) Public Financial Management Reforms in Turkey: Progress and Challenges, Volume 1. Accounting, Finance, Sustainability, Governance & Fraud: Theory and Application, Springer, Singapore.

Macroeconomic Policy Frameworks program

Makin A (2020) ‘The China-US Trade Imbalance: Evaluating Remedial Macroeconomic Measures’ in Lau, E., Simonetti, B., Trinugroho, I., Tan, L.M. (Eds.) Economics and Finance Readings, Springer, Singapore.

Model Uncertainty and Macro-Econometrics program

Sinclair T (2020) ‘Continuities and discontinuities in economic forecasting’, Futures past. Economic Forecasting in 20th and 21st Century. Bern, Switzerland.

Updated:  5 July 2020/Responsible Officer:  Crawford Engagement/Page Contact:  CAMA admin