CAMA Publications

2017

Behavioural Macroeconomics and Complexity program

McDonald IM, 2017, ‘ “We will end up being a third rate economy …a banana republic”: How behavioural economics can improve macroeconomic outcomes’, Australian Economic Review, 59, 2, 137-51.

Climate Change and Energy program

Lu Y, Liu Y and Zhou M, ‘Rebound effect of improved energy efficiency for different energy types: A general equilibrium analysis for China’, Energy Economics, Volume 62, February 2017, Pages 248-256.
• Lunackova P, Prusa J and Janda K, 2017, ‘The Merit Order Effect of Czech Photovoltaic Plants.’ Energy Policy, vol. 106, pp. 138-147.
• Standardi G, Cai Y, Yeh S, 2017, ‘Sensitivity of Modeling Results to Technological and Regional Details: The Case of Italy’ s Carbon Mitigation Policy’, Energy Economics, in press.

Commodities and the Macroeconomy program

Cashin P, Mohaddes K and Raissi M, ‘China’s slowdown and global financial market volatility: Is world growth losing out’, Emerging Markets Review, Volume 31, June 2017, Pages 164–175.
Cashin P, Mohaddes K and Raissi M, ‘Fair weather or foul? The macroeconomic effects of El Niño’, Journal of International Economics.Volume 106, May 2017, Pages 37–54.
• Chudik A, Mohaddes K, Pesaran MH and Raissi M, ‘Is There a Debt-Threshold Effect on Output Growth?’, Review of Economics and Statistics, March 2017, Vol. 99, No. 1, Pages: 135-150.
• Cross J and Nguyen BH, ‘The relationship between global oil price shocks and China’s output: A time-varying analysis’, Energy Economics, Volume 62, February 2017, Pages 79–91.
Mohaddes K and Pesaran MH, ‘Oil prices and the global economy: Is it different this time around?’, Energy Economics, Volume 65, June 2017, Pages 315–325.

Finance and the Macroeconomy program

• Apergis N and Cooray A, 2017, ‘Economic Freedom and Income Inequality: Evidence from a Large Panel of Global Economies, A Linear and Non-Linear Long Run Analysis’, Manchester School, 85(1), 88-105.
• Chintrakarn P, Treepongkaruna S, Jiraporn P and Tong S, 2017, ‘Does board independence substitute for external audit quality? Evidence from an exogenous regulatory shock,’ Australian Journal of Management, forthcoming.
• Considine T, Shaffer S and Spierdijk L, 2017, ‘How do banks adjust to changing input prices? A dynamic analysis of U.S. commercial banks before and after the crisis’, Journal of Banking and Finance, forthcoming.
Cooray A, Dutta N and Mallick S, 2017, ‘Trade Openness and Labor Force Participation in Africa: The Role of Political Institutions’, Industrial Relations: A Journal of Economy and Society, 56(2), 319-350. • Cooray A, Dzhumashev R and Schneider F, 2017, ‘How Does Corruption Affect Public Debt? An Empirical Analysis’, World Development, 90(February), 115-127.
• Dzhumashev R and Cooray A, 2017, ‘The Feldstein-Horioka Model Revisited’, BE Journal of Macroeconomics, 17(1), January.
Hassan G, Holmes M and Valera H, 2017, ‘Is Inflation Targeting Credible in Asia?, A Panel GARCH Approach, Empirical Economics.
Hassan G, Holmes M and Valera H, 2017, ‘How Credible is Inflation Targeting in Asia? A Quantile Unit Root Perspective’, Economic Modelling.
• Hosseinzadeh A, Smyth R, Valadkhani A and Moradi A, 2017, ‘What Determines the Efficiency of Australian Mining Companies?’, Australian Journal of Agricultural and Resource Economics, forthcoming.
• Hudson K and Vespignani J, 2017, ‘Understanding the deviation of Australian policy rate from the Taylor rule’, Applied Economics, forthcoming.
• Kang W, Perez de Gracia F, Ratti RA, 2017, Oil Price Shocks, Policy Uncertainty, and Stock Returns of Oil and Gas Corporations, Journal of International Money and Finance 70, 344–359.
• Kennedy T, Smyth R, Valadkhani A, Chen G, 2017, ‘Does income inequality hinder economic growth? New evidence using Australian taxation statistics’, Economic Modelling, forthcoming.
• Kennedy T, Smyth R, Valadkhani A, Chen G, 2017, ‘Refitting the Kuznets Curve Using a Gender-Specific Threshold Model’, Applied Economics, 49(19), 1847-54.
• La HA and Xu Y, 2017, ‘Remittances, Social Security, and Crowding-Out Effect: New Evidence from a Developing County’, Journal of Asian Economics, 49, pp.42-59.
Meeks R, 2017, ‘Capital regulation and the macroeconomy: Empirical evidence and macroprudential policy’ European Economic Review.
• O’Mahony B, Smyth R and Valadkhani A, 2017, ‘Asymmetric causality between Australian inbound and outbound tourism flows’, Applied Economics, 49(1), 33-50.
Okimoto T and Takaoka S, 2017, ‘The term structure of credit spreads and business cycle in Japan’, forthcoming in Journal of the Japanese and International Economies.
• Phillips P and Shi S, 2017, Financial Bubble Implosion and Reverse Regression, Econometric Theory, forthcoming.
Shaffer S and Spierdijk L, 2017, ‘The Concentration-Stability Controversy in Banking: New Evidence from the EU-25’, Journal of Financial Stability, forthcoming.
Shi S, 2017, ‘Speculative Bubbles or Market Fundamentals? An Investigation of US Regional Housing Markets’, Economic Modelling, forthcoming.
• Smyth R and Valadkhani A, 2017, ‘How Do Daily Changes in Oil Prices Affect US Monthly Industrial Output?’ Energy Economics, forthcoming.
• To TA, Treepongkaruna S, and Wu E, 2017, ‘Are all insiders on the inside? Evidence from the initiation of CDS trading and short selling in the banking sector,’ Journal of International Financial Markets, Institutions & Money.
Vespignani J, 2017, ‘Oil Price Shocks and Policy Uncertainty: New Evidence on the Effects of US and non-US Oil Production’, forthcoming.
• Vadlamannati K C and Cooray A, 2017, ‘Transparency Pays? Evaluating the Effects of the Freedom of Information Laws on Perceived Government Corruption’, Journal of Development Studies, 53(1), 116-137.

Globalisation and Trade program

• Anderson MA, Davies MH, Smith SLS, ‘Ethnic Networks and Price Dispersion’, Review of International Economics, Volume 24, Issue 3, p 514–535, August 2016.
Davies MH, ‘Technology Transfer and North-South Trade, Review of International Economics’, Volume 24, Issue 3, p 447–483, August 2016.

Growth, Demographics and Productivity program

• Abdilahi A and Alpaslan B, 2017: ‘Is there an investment motive behind remittances? Evidence from panel cointegration’, Journal of Developing Areas, 51(1), pp.63-82.
• Abdilahi A and Alpaslan B, 2017: ‘Pro-Industry Policies, Sustainability and Industrial Growth in Industrial Policy and Sustainable Growth’, Sustainable Development, ed. by M. Yulek, Springer, pp.1-23.

Macroeconomic Policy Frameworks program

• Bui H, Makin AJ and Ratnasiri S., 2017, ‘Is Vietnam’s Exchange Rate Overvalued?’ Journal of the Asia Pacific Economy 22, 1, 1-15.
• Friesl M, Lenten L, Libich J and Stehlík P, 2017, ‘In Search of Goals: Increasing Ice Hockey’s Attractiveness by a Sides-Swap’, forthcoming at the Journal of the Operational Research Society.
Fujiwara I and Teranishi Y, ‘Financial Frictions and Policy Cooperation:A Case with Monopolistic Banking and Staggered Loan Contracts’, Journal of International Economics, Volume 104, January 2017, Pages 19–43.

Macroeconomic Theory program

• Boneva LM, Braun RA, and Waki Y, ‘Some Unpleasant Properties of Loglinearized Solutions When the Nominal Rate is Zero’, the Journal of Monetary Economics, Volume 84, pages 216–232.
Dmitriev A, ‘Composite habits and international transmission of business cycles’, Journal of Economic Dynamics and Control, Volume 76, March 2017, Pages 1-34.
Groshenny N, Haque Q, Tchatoka FD, Weder M, 2017. ‘Monetary policy and indeterminacy after the 2001 slump’, Journal of Economic Dynamics and Control, forthcoming (CAMA WP 02/2016).
• Imrohoroglu S, Kitao S, and Yamada T, ‘Can Guest Workers Solve Japan’s Fiscal Problems?’, Economic Inquiry, forthcoming.
Kitao S, ‘When Do We Start? Pension Reform in Aging Japan’, Japanese Economic Review, forthcoming.
Kitao S, Ljungqvist L, and Sargent TJ, ‘A Life Cycle Model of Trans-Atlantic Employment Experiences’, Review of Economic Dynamics, forthcoming.
Maldonado WL and Ribeiro J, 2017, ‘Construction of a dividend index with all the distributed revenues’, Economics Bulletin 37(2), pp. 756-764.
• Pavlov O and Weder M, 2017, ‘Product Scope and Endogenous Fluctuations’, Review of Economic Dynamics 24, 175-191.

Model Uncertainty and Macro-Econometrics

• Bhattarai S, Lee JW and Park WY, ‘Policy Regimes, Policy Shifts, and U.S. Business Cycles’, Review of Economics and Statistics, December 2016, Vol. 98, No. 5, Pages: 968-983.
Kamber G, Morley J and Wong B, 2017, ‘Intuitive and Reliable Estimates of the Output Gap from a Beveridge-Nelson Filter’, Review of Economics and Statistics, forthcoming (CAMA WP 03/2017).
• Limjaroenrat V and Manopimoke P, 2017, ‘Trend inflation estimates for Thailand from disaggregated data’, forthcoming in the Journal of Economic Modelling.
Manopimoke P, 2017, ‘The Output Euler Equation and Real Interest Rate Regimes’, Macroeconomic Dynamics, forthcoming.

Multi-Country Models and Methods program

• Taylor G and Tyers R , 2017, ‘Secular stagnation: a survey of determinants and consequences for Australia’, The Economic Record, forthcoming.

Open Economy Macroeconomics program

• Cudre S and Hoffmann M, 2017, ‘A provincial view of global imbalances: regional capital flows in China’, Review of World Economics, pp 1-27 (CAMA WP 18/2016).
• Kamber G, Theodoridis K, Thoenissen C, ‘News-driven business cycles in small open economies’, Journal of International Economics, Volume 105, March 2017, Pages 77–89 (CAMA WP 02/2014).
Kano T, Wada K, 2017, ‘The first arrow hitting the currency target: a long-run risk perspective’, Journal of International Money and Finance, 74, 337-352.

Books

Behavioural Macroeconomics and Complexity program

• Lojak B and Proaño CR, 2017, ‘Macroeconomic Risk, Fiscal Policy Rules and Aggregate Volatility in Asymmetric Currency Unions: A Behavioral Perspective’. In: Bökemeier B & Greiner A (eds.): Inequality and Finance in Macrodynamics. Dynamic Modeling and Econometrics in Economics and Finance Series. New York: Springer, forthcoming.

Finance and the Macroeconomy program

Siklos PL, 2017. Central Banks into the Breach: From Triumph to Crisis and the Road Ahead. Oxford University Press.

Macroeconomic Policy Frameworks program

Makin AJ (2017) International Money and Finance, Routledge UK.

Macroeconomic Theory program

• Attanasio O, Bonfatti A, Kitao S and Weber G, ‘Global Demographic Trends: Consumption, Saving and International Capital Flows’ in Handbook of the Economics of Population Aging, 2017, Vol. 1A, Chapter 4.

Updated:  25 February 2016/Responsible Officer:  Crawford Engagement/Page Contact:  CAMA admin