CAMA Publications

2020

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.
Galimberti JK (2020) ‘Forecasting GDP Growth from Outer Space’. Oxf Bull Econ Stat, 82: 697-722. doi:10.1111/obes.12361

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, doi.org/10.1016/j.eneco.2019.07.025.
Liu W, McKibbin WJ, Morris AC, Wilcoxen PJ (2020) ‘Global economic and environmental outcomes of the Paris Agreement’, Energy Economics, Volume 90, August 2020, 104838, doi.org/10.1016/j.eneco.2020.104838.
• 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

• Maffettone P and Oldani C (2020), ‘COVID-19: A make or break moment for global policy making’, Global Policy Journal, forthcoming.
McKibbin W and Fernando R (2020) ‘The economic impact of COVID-19’ in Baldwin R. and B. Weber Di Mauro, 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.
• Bui C, Scheule H, Wu E (2020) ‘A cautionary tale of two extremes: The provision of government liquidity support in the banking sector’, Journal of Financial Stability, forthcoming.
• Coccorese P and Shaffer S (2020) ‘Cooperative banks and local economic growth’, forthcoming in Regional Studies (CAMA WP 11 /2018).
• Ding C, Kavuri AS and Milne A (2020) ’ PS14 Lessons from the rise and fall of Chinese peer-to-peer lending’, Journal of Banking Regulation (2020): 1-11.
• Du Plessis S, Reid M and Siklos P (2020) ‘What drives household inflation expectations in South Africa? Demographics and anchoring under inflation targeting, Economic Systems, forthcoming.
• Dungey M, Marius M, and Treepongkaruna S, 2020, ‘Examining stress in Asian currencies: A perspective offered by high frequency financial market data,’ Journal of International Financial Markets, Institutions & Money, 67. doi: 10.1016/j.intfin.2020.101200.
• Filardo A and Siklos P (2020) ‘The cross-border credit channel: Implications for the effectiveness of unconventional monetary policies’, Journal of International Financial Markets, Institutions & Money 67 (July), 101206.
• 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.
• Nguyen J and Valadkhani A (2020) ‘Dynamic responses of tourism arrivals in Australia to daily currency fluctuations’, Journal of Hospitality and Tourism Management, forthcoming.
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.
• Ongsakul V, Treepongkaruna S, Jiraporn P, and Uyar A, 2020, ‘Do firms adjust corporate governance in response to economic policy uncertainty? Evidence from board size,’ Finance Research Letters. doi: 10.1016/j.frl.2020.101613
Pontines V (2020) ‘The real effects of loan-to-value limits: Empirical evidence from Korea’, Empirical Economics, forthcoming (CAMA WP 02/2020).
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).
• Putz A, Siklos P and Sulewskli C (2020) ‘Networks and trade costs in commodity markets’, European Review of Economic History, forthcoming.
Shaffer S and Spierdijk L (2020) ‘Measuring multi-product banks’ market power using the Lerner index,’ Journal of Banking and Finance, forthcoming.
Siklos P (2020) ‘Inflation Dynamics: Expectations, Structural Breaks and Global Factors’, Review of Economic Analysis 12: 203-223.
Siklos P (2020) ‘Real and financial factors, commodity prices, and monetary policy: International evidence’, Economic Systems, forthcoming.
Siklos P, Stefan M and Wellenreuther C (2020) ‘Metal prices made in China? A network analysis of industrial metal futures’, Journal of Futures Markets, 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. doi.org/10.1016/j.japwor.2019.100984.
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

• Gomes A and Maldonado W (2020) ‘Mergers and acquisitions with conditional and unconditional offers’, International Journal of Game Theory doi: 10.1007/s00182-020-00720-6.
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.
Miranda-Pinto J (2020) ’ Production network structure, service share, and aggregate volatility’, Review of Economic Dynamics. DOI: 10.1016/j.red.2020.07.001

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).
• Kapetanios G, Price S, Tasiou M, Ventouri A (2020) ‘State-level wage Phillips curves’, Econometrics and Statistics, ISSN 2452-3062, DOI: 10.1016/j.ecosta.2020.03.005 (CAMA WP 08/2020).
• Kapetanios G, Millard S, Petrova K, Price S (2020) ‘Time-varying cointegration with an application to the UK Great Ratios’, Economics Letters, Volume 193, 2020, 109213, ISSN 0165-1765, DOI: 10.1016/j.econlet.2020.109213 (CAMA WP 53/2018).
• 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:  21 September 2020/Responsible Officer:  Crawford Engagement/Page Contact:  CAMA admin