Publications 2013

Martin Bodenstein of Macroeconomic Policy Frameworks Program:

  • With Guerrieri L and Gust CJ, “Oil shocks and the zero bound on nominal interest rates”, Journal of International Money and Finance, Elsevier, vol. 32(C), pages 941-967, 2013.

Paul Burke of Climate Change and Energy Program:

  • “The National-Level Energy Ladder and its Carbon Implications.” Environment and Development Economics 18(4): 484-503, 2013.

Joshua Chan of Model Uncertainty and Macroeconometrics Program:

  • With Koop G, Potter SM, “A New Model of Trend Inflation”, Journal of Business & Economic Statistics, American Statistical Association, vol. 31(1), pages 94-106, January 2013.

Iris Claus of Macroeconomic Policy Frameworks Program:

  • “Is the value added tax a useful macroeconomic stabilization instrument?”, Economic Modelling, Elsevier, vol. 30(C), pages 366-374, 2013.

Creina Day of Economic Growth and Development Program:

  • With Steve Dowrick, “Endogenous growth with R&D and human capital: the role of returns to scale”, Oxford Economic Papers, Oxford University Press, vol. 65(2), pages 312-322, April, 2013.

Alexandre Dmitriev of Macroeconomic Theory Program:

  • “Institutions and growth: evidence from estimation methods robust to weak instruments”, Applied Economics, Taylor and Francis Journals, vol. 45(13), pages 1625-1635, May 2013.

Mardi Dungey, Jan PAM Jacobs and Simon Van Norden of Finance and the Macroeconomy Program:

  • “On the correspondence between data revision and trend-cycle decomposition,” Applied Economics Letters, Taylor and Francis Journals, vol. 20(4), pages 316-319, March 2013

Ippei Fujiwara of Macroeconomic Policy Frameworks:

  • With Nakajima T, Sudo N, Teranishi Y. “Global Liquidity Trap”. Journal of Monetary Economics 60(8), 2013.

  • With Hirose Y., “Indeterminacy and Forecastability”, Journal of Money, Credit and Banking, forthcoming.

  • With Koerber L, Nagakura D. “Asymmetries in Government Bond Returns”, Journal of Banking and Finance 37(8), 2013.

  • With Kozo U. “Fiscal Multipliers and Spillovers under Global Liquidity Trap”, Journal of Economic Dynamics and Control 37(7), 2013.

  • With Ichiue H, Nakazono Y, Shigemi Y. “Financial Markets Forecasts Revisited: Are They Rational, Herding or Bold?”, Economics Letters 118(3), 2013.

Karel Janda of Climate Change and Energy Program:

  • With Prusa J, Klimesova A. “Consumer Loss in Czech Photovoltaic Power Plants in 2010-2011.” Energy Policy, forthcoming.

Jan Libich of Macroeconomic Policy Frameworks Program:

  • With Lenten, L. and Stehlík, P. (2013), ‘Policy Timing and Footballers’ Incentives: Penalties Before or After Extra-time? the Journal of Sports Economics, 14(6), pp629-655.

Philip Liu of Macroeconomic Theory Program:

  • With Baumeister C and Mumtaz H, “Changes in the effects of monetary policy on disaggregate price dynamics”, Journal of Economic Dynamics and Control, Elsevier, vol. 37(3), pages 543-560, 2013
  • With Tang H and Cheung EC, “Changing impact of fiscal policy on selected ASEAN countries”, Journal of Asian Economics, Elsevier, vol. 24(C), pages 103-116, 2013.

Yingying Lu of Climate Change and Energy Program:

  • With Stegman A, Cai Y. “Emissions intensity targeting: From China’s 12th Five Year Plan to its Copenhagen commitment” Energy Policy 61 (2013) 1164–1177.

Anthony (Tony) Makin of Macroeconomic Policy Frameworks Program:

  • “Commodity prices and the macroeconomy: An extended dependent economy approach”, Journal of Asian Economics, Elsevier, vol. 24(C), pages 80-88, 2013.
  • With Narayan P. “Has International Borrowing or Lending Driven Australia’s Net Capital Inflow?”International Review of Economics and Finance 27 (2013), 134-143.
  • With Narayan P. 2013. “Re-examining the ‘Twin Deficits’ Hypothesis: Evidence from Australia” Empirical Economics 45 (2013),817-829.

Peter N Smith of Finance and the Macroeconomy Program:

  • With Abhakorn and Wickerns MR, “What do Fama-French factors add to C-CAPM?, Forthcoming in Journal of Empirical Finance, 2013. [CAMA Working Paper 23/2013]
  • With Mendoza-Velazquez A, “Expected returns and the business cycle: the role of supply and demand shocks”, Forthcoming in Manchester School, 2013. [CAMA Working Paper 22/2013]
  • With Clare A, Seaton J, Thomas S. “Trend following, risk parity and momentum in commodity futures”, International Review of Financial Analysis, 2013, forthcoming.
  • With Clare A, Seaton J, Thomas S. “Breaking into the blackbox: trend following, stop losses and the frequency of trading: the case of the S&P 500”, Journal of Asset Management, 2013, forthcoming.

David Stern of Climate Change and Energy Program:

  • “Uncertainty Measures for Economics Journal Impact Factors”, Journal of Economic Literature, American Economic Association, vol. 51(1), pages 173-89, March 2013.

Takayuki Tsuruga of Open Economy Macroeconomics Program:

  • With Crucini MJ and Shintani M, “Do Sticky Price Increase the Real Exchange Rate Volatility at the Sector Level?” European Economic Review, 62, 2013, pp. 58-72.

Mark Wright of Globalisation and Trade Program:

  • With Fabina J, “Where has all the productivity growth gone?”, Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Jan., 2013.

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