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Makram El-Shagi

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Jonathan Benchimol & Makram El-Shagi, 2017. "Forecast Performance in Times of Terrorism," CFDS Discussion Paper Series 2017/1, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

    Mentioned in:

    1. Y a-t-il un lien entre les prévisions économiques et les actes terroristes ?
      by john in Economie & Finance on 2017-12-24 20:19:23
  2. Makram El-Shagi & Axel Lindner & Gregor von Schweinitz, 2016. "Real Effective Exchange Rate Misalignment in the Euro Area: A Counterfactual Analysis," Review of International Economics, Wiley Blackwell, vol. 24(1), pages 37-66, February.

    Mentioned in:

    1. ExIT: reflections of a mainstreamer
      by Alberto Bagnai in Goofynomics on 2017-03-16 22:37:00
    2. L'economia è la continuazione della guerra con altri mezzi (articolati)
      by Alberto Bagnai in Goofynomics on 2017-09-06 12:44:00

Working papers

  1. Makram El-Shagi & Yishuo Ma, 2021. "Nine blind men and the PBoC," CFDS Discussion Paper Series 2021/2, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

    Cited by:

    1. Lu, Dong & Tang, Huoqing & Zhang, Chengsi, 2023. "China's monetary policy surprises and corporate real investment," China Economic Review, Elsevier, vol. 77(C).

  2. Makram El-Shagi & Kiril Tochkov, 2021. "Divisia Monetary Aggregates for Russia: Money Demand, GDP Nowcasting, and the Price Puzzle," CFDS Discussion Paper Series 2021/1, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

    Cited by:

    1. Zhan, Minghua & Wang, Lijun & Zhan, Shuwei & Lu, Yao, 2023. "Does digital finance change the stability of money demand function? Evidence from China," Journal of Asian Economics, Elsevier, vol. 88(C).

  3. Jonathan Benchimol & Makram El-Shagi & Yossi Saadon, 2020. "Do Expert Experience and Characteristics Affect Inflation Forecasts?," Bank of Israel Working Papers 2020.11, Bank of Israel.

    Cited by:

    1. Carola Conces Binder & Rodrigo Sekkel, 2023. "Central Bank Forecasting: A Survey," Staff Working Papers 23-18, Bank of Canada.
    2. Osnat Zohar, 2021. "Cyclicality of Uncertainty and Disagreement," Bank of Israel Working Papers 2021.09, Bank of Israel.
    3. Pedro J. Gutiérrez-Diez & Tibor Pál, 2023. "Monetary policy models: lessons from the Eurozone crisis," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-19, December.
    4. Conrad, Christian & Lahiri, Kajal, 2024. "Heterogeneous Expectations among Professional Forecasters," Working Papers 0754, University of Heidelberg, Department of Economics.
    5. Curti, Filippo & Kazinnik, Sophia, 2023. "Central bank communication and website characteristics," Journal of Economic Behavior & Organization, Elsevier, vol. 212(C), pages 1216-1241.

  4. Makram El-Shagi & Yizhuang Zheng, 2020. "Money Demand: A Pseudo-Metastudy," CFDS Discussion Paper Series 2020/4, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

    Cited by:

    1. Makram El-Shagi & Kiril Tochkov, 2021. "Divisia Monetary Aggregates for Russia: Money Demand, GDP Nowcasting, and the Price Puzzle," CFDS Discussion Paper Series 2021/1, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

  5. Makram El-Shagi & Kiril Tochkov, 2020. "Shadow of the Colossus: Euro Area Spillovers and Monetary Policy in Central and Eastern Europe," CFDS Discussion Paper Series 2020/7, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

    Cited by:

    1. Glocker, Christian & Url, Thomas, 2022. "Financial sector rescue programs: Domestic and cross border effects," Journal of International Money and Finance, Elsevier, vol. 127(C).
    2. Shafiq Ur Rehman & Sajjad Nawaz Khan & Waseem Subhani & Iftikhar Mehboob & Muhammad Noman Yaseen & Asad Qayoom, 2023. "Impact of Distributed Ledger Technology (DLT) and Fintech Investment on Central Bank Policy and Monetary Policy Effectiveness," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(3), pages 202-210.
    3. Jakšić Saša, 2022. "Modelling CESEE Countries Export Dynamics: Global Vector Autoregressive Approach," Zagreb International Review of Economics and Business, Sciendo, vol. 25(2), pages 39-63.

  6. Makram El-Shagi & Jarko Fidrmuc & Steven Yamarik, 2019. "Inequality and credit growth in Russian regions," CFDS Discussion Paper Series 2019/6, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

    Cited by:

    1. Vijverberg, Chu-Ping C., 2024. "Income inequality and household debt: A U.S. state-level spatial analysis," Economic Modelling, Elsevier, vol. 138(C).
    2. Zuzana Košťálová & Eva Horvátová & Štefan Lyócsa & Peter Gernát, 2022. "New Credit Drivers: Results from a Small Open Economy," Eastern European Economics, Taylor & Francis Journals, vol. 60(1), pages 79-112, January.

  7. Jonathan Benchimol & Makram El-Shagi, 2019. "Forecast Performance in Times of Terrorism," Bank of Israel Working Papers 2019.08, Bank of Israel.

    Cited by:

    1. Jonathan Benchimol & Makram El-Shagi & Yossi Saadon, 2020. "Do Expert Experience and Characteristics Affect Inflation Forecasts?," Bank of Israel Working Papers 2020.11, Bank of Israel.
    2. Liu, Yiye & Han, Liyan & Wu, You & Yin, Libo, 2022. "Do terrorist attacks matter for currency excess returns?," Finance Research Letters, Elsevier, vol. 49(C).
    3. El-Shagi, Makram, 2019. "Rationality tests in the presence of instabilities in finite samples," Economic Modelling, Elsevier, vol. 79(C), pages 242-246.
    4. Timothy Wilson & Ilan Noy, 2023. "Fifty years of peril: A comprehensive comparison of the impact of terrorism and disasters linked to natural hazards (1970–2019)," Global Policy, London School of Economics and Political Science, vol. 14(5), pages 647-662, November.

  8. El-Shagi, Makram & von Schweinitz, Gregor, 2019. "Fiscal policy and fiscal fragility: Empirical evidence from the OECD," IWH Discussion Papers 13/2019, Halle Institute for Economic Research (IWH).

    Cited by:

    1. Kose,Ayhan & Kurlat,Sergio Andres & Ohnsorge,Franziska Lieselotte & Sugawara,Naotaka, 2017. "A cross-country database of fiscal space," Policy Research Working Paper Series 8157, The World Bank.
    2. Zócimo Campos & Juan Tapia Gertosio & Paulina Natalia Gudaris, 2021. "Country Risk Premium: The Case of Chile," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 13(2), pages 317-344, September.

  9. Makram El-Shagi & Lunan Jiang, 2019. "Efficient Dynamic Yield Curve Estimation in Emerging Financial Markets," CFDS Discussion Paper Series 2019/4, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

    Cited by:

    1. Yemba, Boniface & Kitenge, Erick & Tang, Biyan & Gaekwad, Neepa B., 2024. "Monetary policy in China: A Factor Augmented VAR approach," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 975-1008.
    2. Oleksandr Castello & Marina Resta, 2022. "Modeling the Yield Curve of BRICS Countries: Parametric vs. Machine Learning Techniques," Risks, MDPI, vol. 10(2), pages 1-18, February.

  10. Makram El-Shagi & Steven Yamarik, 2018. "State-Level Capital and Investment: Refinements and Update," CFDS Discussion Paper Series 2018/1, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

    Cited by:

    1. Demiral, Elif E. & Sağlam, Ümit, 2021. "Eco-efficiency and Eco-productivity assessments of the states in the United States: A two-stage Non-parametric analysis," Applied Energy, Elsevier, vol. 303(C).
    2. Rati Ram, 2021. "Income convergence across the U.S. states: further evidence from new recent data," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 45(2), pages 372-380, April.
    3. Takuma Sugiyama, 2024. "Does the Restriction Policy of High-skill Immigrants Benefit Native Workers?," Discussion Paper Series DP2024-01, Research Institute for Economics & Business Administration, Kobe University.
    4. Yuxue Sheng & James Paul LeSage, 2021. "Interpreting spatial regression models with multiplicative interaction explanatory variables," Journal of Geographical Systems, Springer, vol. 23(3), pages 333-360, July.
    5. Vicente German-Soto & Gregory Brock, 2022. "Overall US and Census Region β-Convergence 1963–2015 Controlling for Spatial Effects," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 64(1), pages 44-67, March.

  11. Makram El-Shagi & Steven Yamarik, 2018. "IMF Conditionality and Capital Controls: Capital Account Liberalization to Capital Inflow Management?," CFDS Discussion Paper Series 2018/6, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

    Cited by:

    1. Ablam Estel Apeti & Kwamivi Mawuli Gomado, 2024. "International monetary fund conditionality and structural reforms: Evidence from developing countries," Post-Print hal-04723871, HAL.

  12. Makram El-Shagi & Lin Zhang, 2017. "Trade Effects of Silver Price Fluctuations in 19th Century China: A Macro Approach," CFDS Discussion Paper Series 2017/5, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

    Cited by:

    1. Peter Grajzl & Peter Murrell, 2022. "Did Caselaw Foster England’s Economic Development during the Industrial Revolution? Data and Evidence," CESifo Working Paper Series 10088, CESifo.
    2. Jain, Prachi & Maitra, Debasish & McIver, Ron P. & Kang, Sang Hoon, 2023. "Quantile dependencies and connectedness between stock and precious metals markets," Journal of Commodity Markets, Elsevier, vol. 30(C).
    3. Grajzl, Peter & Murrell, Peter, 2024. "Caselaw and England's economic performance during the Industrial Revolution: Data and evidence," Journal of Comparative Economics, Elsevier, vol. 52(1), pages 145-165.
    4. Mensi, Walid & Vo, Xuan Vinh & Kang, Sang Hoon, 2021. "Time and frequency connectedness and network across the precious metal and stock markets: Evidence from top precious metal importers and exporters," Resources Policy, Elsevier, vol. 72(C).

  13. Makram El-Shagi & Yizhuang Zheng, 2017. "Money Demand in China: A Meta-Study," CFDS Discussion Paper Series 2017/3, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

    Cited by:

    1. Wang, Hao & Xu, Ning & Yin, Haiyan & Ji, Hao, 2022. "The dynamic impact of monetary policy on financial stability in China after crises," Pacific-Basin Finance Journal, Elsevier, vol. 75(C).
    2. Sophie van Huellen & Duo Qin & Shan Lu & Huiwen Wang & Qingchao Wang & Thanos Moraitis, 2019. "Modelling Opportunity Cost Effects in Money Demand due to Openness," Working Papers 225, Department of Economics, SOAS University of London, UK.

  14. Makram El-Shagi & Lunan Jiang, 2017. "China Monetary Policy Transmission in China: Dual Shocks with Dual Bond Markets," CFDS Discussion Paper Series 2017/2, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

    Cited by:

    1. Rongrong Sun, 2018. "Monetary Policy Announcements and Market Interest Rates Response: Evidence from China," CFDS Discussion Paper Series 2018/5, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    2. Rongrong Sun, 2021. "Requiem for the interest rate controls in China," Pacific Economic Review, Wiley Blackwell, vol. 26(2), pages 139-160, May.
    3. Yinghui Chen & Lunan Jiang, 2021. "Liquidity risk and corporate bond yield spread: Evidence from China," International Review of Finance, International Review of Finance Ltd., vol. 21(4), pages 1117-1151, December.
    4. Makram El-Shagi & Lunan Jiang, 2019. "Efficient Dynamic Yield Curve Estimation in Emerging Financial Markets," CFDS Discussion Paper Series 2019/4, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    5. Makram El-Shagi & Yishuo Ma, 2021. "Nine blind men and the PBoC," CFDS Discussion Paper Series 2021/2, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

  15. El-Shagi, Makram & von Schweinitz, Gregor, 2017. "Why they keep missing: An empirical investigation of rational inattention of rating agencies," IWH Discussion Papers 1/2017, Halle Institute for Economic Research (IWH), revised 2017.

    Cited by:

    1. El-Shagi, Makram & von Schweinitz, Gregor, 2016. "The joint dynamics of sovereign ratings and government bond yields," Discussion Papers 13/2016, Deutsche Bundesbank.
    2. Bagattini, Giulio & Fecht, Falko & Weber, Patrick, 2019. "The fire-sale channels of universal banks in the European sovereign debt crisis," Discussion Papers 43/2019, Deutsche Bundesbank.

  16. El-Shagi, Makram, 2016. "Much ado about nothing: Sovereign ratings and government bond yields in the OECD," IWH Discussion Papers 22/2016, Halle Institute for Economic Research (IWH).

    Cited by:

    1. El-Shagi, Makram & von Schweinitz, Gregor, 2017. "Why they keep missing: An empirical investigation of rational inattention of rating agencies," IWH Discussion Papers 1/2017, Halle Institute for Economic Research (IWH), revised 2017.

  17. El-Shagi, Makram & Zhang, Lin, 2016. "Macroeconomic trade effects of vehicle currencies: Evidence from 19th century China," IWH Discussion Papers 23/2016, Halle Institute for Economic Research (IWH).

    Cited by:

    1. Makram El-Shagi & Lunan Jiang, 2017. "China Monetary Policy Transmission in China: Dual Shocks with Dual Bond Markets," CFDS Discussion Paper Series 2017/2, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

  18. Steven Yamarik & Makram El Shagi, 2016. "Does Inequality Lead to Credit Growth? Testing the Rajan Hypothesis Using State-Level Data," Working Papers 2016.01, International Network for Economic Research - INFER.

    Cited by:

    1. Meszaros, John, 2018. "Inequality and unionization within the United States," The Quarterly Review of Economics and Finance, Elsevier, vol. 67(C), pages 326-333.
    2. Luca Eduardo Fierro & Federico Giri & Alberto Russo, 2023. "Inequality-Constrained Monetary Policy in a Financialized Economy," Working Papers 2023/02, Economics Department, Universitat Jaume I, Castellón (Spain).
    3. Rym Ayadi & Sami B. Naceur & Sandra Challita, 2023. "Does income inequality really matter for credit booms?," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 52(1), February.
    4. Vijverberg, Chu-Ping C., 2024. "Income inequality and household debt: A U.S. state-level spatial analysis," Economic Modelling, Elsevier, vol. 138(C).
    5. Mehmet Akif Destek & Bilge Koksel, 2019. "Income inequality and financial crises: evidence from the bootstrap rolling window," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 5(1), pages 1-23, December.
    6. Mehmet Balcilar & Edmond Berisha & Rangan Gupta & Christian Pierdzioch, 2020. "Time-Varying Evidence of Predictability of Financial Stress in the United States over a Century: The Role of Inequality," Working Papers 202054, University of Pretoria, Department of Economics.
    7. Suzuki, Shiba, 2018. "Inequality and asset fire sales," MPRA Paper 90906, University Library of Munich, Germany.
    8. Makram El-Shagi & Jarko Fidrmuc & Steven Yamarik, 2019. "Inequality and credit growth in Russian regions," CFDS Discussion Paper Series 2019/6, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    9. van Netten, Jamie, 2023. "The relationship between inequality and bank credit in Australia," Warwick-Monash Economics Student Papers 54, Warwick Monash Economics Student Papers.
    10. Roman Matkovskyy, 2020. "A measurement of affluence and poverty interdependence across countries: Evidence from the application of tail copula," Bulletin of Economic Research, Wiley Blackwell, vol. 72(4), pages 404-416, October.
    11. Bodea, Cristina & Houle, Christian & Kim, Hyunwoo, 2021. "Do financial crises increase income inequality?," World Development, Elsevier, vol. 147(C).

  19. El-Shagi, Makram & von Schweinitz, Gregor, 2016. "The joint dynamics of sovereign ratings and government bond yields," Discussion Papers 13/2016, Deutsche Bundesbank.

    Cited by:

    1. Julio Cezar Soares Silva & Diogo Ferreira de Lima Silva & Luciano Ferreira & Adiel Teixeira de Almeida-Filho, 2022. "A dominance-based rough set approach applied to evaluate the credit risk of sovereign bonds," 4OR, Springer, vol. 20(1), pages 139-164, March.
    2. de Haan, Leo & Vermeulen, Robert, 2021. "Sovereign debt ratings and the country composition of cross-border holdings of euro area sovereign debt," Journal of International Money and Finance, Elsevier, vol. 119(C).
    3. El-Shagi, Makram, 2016. "Much ado about nothing: Sovereign ratings and government bond yields in the OECD," IWH Discussion Papers 22/2016, Halle Institute for Economic Research (IWH).
    4. El-Shagi, Makram & Schweinitz, Gregor von, 2021. "Fiscal policy and fiscal fragility: Empirical evidence from the OECD," Journal of International Money and Finance, Elsevier, vol. 115(C).
    5. Dumitriu, Ramona & Stefanescu, Răzvan, 2020. "Iluzii financiare, Partea întâi [Financial Illusions, Part 1]," MPRA Paper 101201, University Library of Munich, Germany, revised 17 Jun 2020.
    6. Hansen, Daniel, 2020. "The effectiveness of fiscal institutions: International financial flogging or domestic constraint?," European Journal of Political Economy, Elsevier, vol. 63(C).
    7. Montes, Gabriel Caldas & Maia, João Pedro Neves, 2023. "Who speaks louder, financial instruments or credit rating agencies? Analyzing the effects of different sovereign risk measures on interest rates in Brazil," The North American Journal of Economics and Finance, Elsevier, vol. 67(C).
    8. Maghyereh, Aktham & Ziadat, Salem Adel & Al Rababa'a, Abdel Razzaq A., 2024. "Exploring the dynamic connections between oil price shocks and bond yields in developed nations: A TVP-SVAR-SV approach," Energy, Elsevier, vol. 306(C).

  20. Jung, Alexander & El-Shagi, Makram, 2015. "Has the publication of minutes helped markets to predict the monetary policy decisions of the Bank of England's MPC?," Working Paper Series 1808, European Central Bank.

    Cited by:

    1. Diana Gabrielyan & Lenno Uusküla, 2022. "Inflation Expectations And Consumption With Machine Learning," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 142, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    2. Hannah Baker & Shauna Concannon & Matthias Meller & Katie Cohen & Alice Millington & Samuel Ward & Emily So, 2022. "COVID-19 and science advice on the ‘Grand Stage’: the metadata and linguistic choices in a scientific advisory groups’ meeting minutes," Palgrave Communications, Palgrave Macmillan, vol. 9(1), pages 1-16, December.

  21. Jung, Alexander & El-Shagi, Makram & Giesen, Sebastian, 2014. "Does the federal reserve staff still beat private forecasters?," Working Paper Series 1635, European Central Bank.

    Cited by:

    1. Pao-Lin Tien & Tara M. Sinclair & Edward N. Gamber, 2016. "Do Fed Forecast Errors Matter?," Working Papers 2016-007, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
    2. Richhild Moessner & David-Jan Jansen & Jakob de Haan, 2017. "Communication About Future Policy Rates In Theory And Practice: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 31(3), pages 678-711, July.
    3. Ana Cristina Pereira Das Neves, 2018. "The Mass Media Transmission Of Central Bank Communication Under Uncertainty," Anais do XLIV Encontro Nacional de Economia [Proceedings of the 44th Brazilian Economics Meeting] 54, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    4. Eijffinger, Sylvester & Mahieu, Ronald & Raes, Louis, 2011. "Can the Fed talk the hind legs off the stock market?," CEPR Discussion Papers 8450, C.E.P.R. Discussion Papers.
    5. Michelle L. Barnes & Giovanni P. Olivei, 2017. "Financial variables and macroeconomic forecast errors," Working Papers 17-17, Federal Reserve Bank of Boston.
    6. Thomas L. Hogan, 2022. "The calculus of dissent: Bias and diversity in FOMC projections," Public Choice, Springer, vol. 191(1), pages 105-135, April.

  22. Makram El-Shagi & Claus Michelsen & Sebastian Rosenschon, 2014. "Regulation, Innovation and Technology Diffusion: Evidence from Building Energy Efficiency Standards in Germany," Discussion Papers of DIW Berlin 1371, DIW Berlin, German Institute for Economic Research.

    Cited by:

    1. Jacques Pelkmans & Andrea Renda, "undated". "Does EU Regulation Hinder or Stimulate Innovation?," IRMO Occasional Papers 5, Institute for Development and International Relations, Zagreb.
    2. Claudy, Marius & Michelsen, Claus, 2016. "Housing Market Fundamentals, Housing Quality and Energy Consumption: Evidence from Germany," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 37(4), pages 25-43.
    3. Jesús Rosales-Carreón & César García-Díaz, 2015. "Exploring Transitions Towards Sustainable Construction: The Case of Near-Zero Energy Buildings in the Netherlands," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 18(1), pages 1-10.
    4. Konstantin Kholodilin, 2016. "Fifty shades of state: Quantifying housing market regulations in Germany," ERES eres2016_118, European Real Estate Society (ERES).
    5. Chandel, S.S. & Sharma, Aniket & Marwaha, Bhanu M., 2016. "Review of energy efficiency initiatives and regulations for residential buildings in India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 1443-1458.
    6. Pelkmans, Jacques & Renda, Andrea, 2014. "Does EU regulation hinder or stimulate innovation?," CEPS Papers 9822, Centre for European Policy Studies.

  23. El-Shagi, Makram & Lindner, Axel & von Schweinitz, Gregor, 2014. "Real Effective Exchange Rate Misalignment in the Euro Area: A Counterfactual Analysis," IWH Discussion Papers 6/2014, Halle Institute for Economic Research (IWH).

    Cited by:

    1. Beutel, Johannes & List, Sophia & von Schweinitz, Gregor, 2019. "An evaluation of early warning models for systemic banking crises: Does machine learning improve predictions?," IWH Discussion Papers 2/2019, Halle Institute for Economic Research (IWH).
    2. Alberto Bagnai & Christian Alexander Mongeau Ospina, 2017. "Neoclassical versus Post-Keynesian Explanations of the Pre-Great Recession Productivity Slowdown: Panel Evidence," a/ Working Papers Series 1704, Italian Association for the Study of Economic Asymmetries, Rome (Italy).
    3. Samba Diop & Simplice A. Asongu & Vanessa S. Tchamyou, 2021. "The Macroeconomic Impact of Recent Political Conflicts in Africa: Generalized Synthetic Counterfactual Evidence," Working Papers 21/060, European Xtramile Centre of African Studies (EXCAS).
    4. El-Shagi, Makram & von Schweinitz, Gregor, 2016. "The joint dynamics of sovereign ratings and government bond yields," Discussion Papers 13/2016, Deutsche Bundesbank.
    5. Jan-Egbert Sturm & Vera Eichenauer & Nauro Campos, 2020. "Close Encounters of the European Kind: Economic Integration, Sectoral Heterogeneity and Structural Reforms," KOF Working papers 20-482, KOF Swiss Economic Institute, ETH Zurich.
    6. Aytuğ, Hüseyin, 2017. "Does the reserve options mechanism really decrease exchange rate volatility? The synthetic control method approach," International Review of Economics & Finance, Elsevier, vol. 51(C), pages 405-416.
    7. Amélie Barbier-Gauchard & Meixing Dai & Claire Mainguy & Jamel Saadaoui & Moïse Sidiropoulos & Isabelle Terraz & Jamel Trabelsi, 2021. "Towards a more resilient European Union after the COVID-19 crisis," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 11(2), pages 321-348, June.
    8. Fidora, Michael & Giordano, Claire & Schmitz, Martin, 2017. "Real exchange rate misalignments in the euro area," Working Paper Series 2108, European Central Bank.
    9. Constantin Colonescu, 2017. "Macroeconomic Effects of the European Monetary Union: A Counterfactual Analysis," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 3(2), pages 171-186, April.
    10. Baccaro, Lucio & D'Antoni, Massimo, 2020. "Has the "external constraint" contributed to Italy's stagnation? A critical event analysis," MPIfG Discussion Paper 20/9, Max Planck Institute for the Study of Societies.
    11. Razek, Noha H.A. & McQuinn, Brian, 2021. "Saudi Arabia's currency misalignment and international competitiveness, accounting for geopolitical risks and the super-contango oil market," Resources Policy, Elsevier, vol. 72(C).
    12. Jaromir Baxa & Michal Paulus, 2020. "Exchange Rate Misalignments, Growth, and Institutions," Working Papers IES 2020/27, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Aug 2020.
    13. Buchholz, Manuel & von Schweinitz, Gregor & Tonzer, Lena, 2018. "Did the Swiss exchange rate shock shock the market?," IWH Discussion Papers 9/2018, Halle Institute for Economic Research (IWH).
    14. Bagnai, Alberto & Granville, Brigitte & Mongeau Ospina, Christian A., 2017. "Withdrawal of Italy from the euro area: Stochastic simulations of a structural macroeconometric model," Economic Modelling, Elsevier, vol. 64(C), pages 524-538.
    15. Hope, David, 2016. "Estimating the effect of the EMU on current account balances: A synthetic control approach," European Journal of Political Economy, Elsevier, vol. 44(C), pages 20-40.
    16. Baak, SaangJoon, 2017. "Is the yen misaligned more during the Abenomics period?," Japan and the World Economy, Elsevier, vol. 44(C), pages 26-34.
    17. Hong Zhuang & Miao Grace Wang & Imre Ersoy & Mesut Eren, 2023. "Does joining the European monetary union improve labor productivity? A synthetic control approach," Journal of Productivity Analysis, Springer, vol. 59(3), pages 287-306, June.
    18. Börger, Carina & Kempa, Bernd, 2024. "Real exchange rate convergence in the euro area: Evidence from a dynamic factor model," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 213-224.
    19. Gregor von Schweinitz & Lena Tonzer & Manuel Buchholz, 2021. "Monetary policy through exchange rate pegs: The removal of the Swiss franc‐Euro floor and stock price reactions," International Review of Finance, International Review of Finance Ltd., vol. 21(4), pages 1382-1406, December.
    20. Caccavale, Oscar Maria & Giuffrida, Valerio, 2020. "The Proteus composite index: Towards a better metric for global food security," World Development, Elsevier, vol. 126(C).
    21. Beutel, Johannes & List, Sophia & von Schweinitz, Gregor, 2019. "Does machine learning help us predict banking crises?," Journal of Financial Stability, Elsevier, vol. 45(C).
    22. Mpho Bosupeng & Janet Dzator & Andrew Nadolny, 2019. "Exchange Rate Misalignment and Capital Flight from Botswana: A Cointegration Approach with Risk Thresholds," JRFM, MDPI, vol. 12(2), pages 1-26, June.
    23. Florentin Kerschbaumer & Andreas Maschke, 2021. "The Implications of Monetary Union for Income Inequality: An Empirical Assessment," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 47(4), pages 537-574.
    24. Puzzello, Laura & Gomis-Porqueras, Pedro, 2018. "Winners and losers from the €uro," European Economic Review, Elsevier, vol. 108(C), pages 129-152.

  24. El-Shagi, Makram & Kelly, Logan, 2013. "Liquidity in the Liquidity Crisis: Evidence from Divisia Monetary Aggregates in Germany and the European Crisis Countries," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79935, Verein für Socialpolitik / German Economic Association.

    Cited by:

    1. Zsolt Darvas, 2014. "Does money matter in the euro area? Evidence from a new Divisia index," Working Papers 1401, Department of Mathematical Economics and Economic Analysis, Corvinus University of Budapest.
    2. Makram El-Shagi & Kiril Tochkov, 2020. "Shadow of the Colossus: Euro Area Spillovers and Monetary Policy in Central and Eastern Europe," CFDS Discussion Paper Series 2020/7, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

  25. El-Shagi, Makram & Jung, Alexander, 2013. "Does the Greenspan era provide evidence on leadership in the FOMC?," Working Paper Series 1579, European Central Bank.

    Cited by:

    1. Jung, Alexander, 2016. "Have minutes helped to predict fed funds rate changes?," Journal of Macroeconomics, Elsevier, vol. 49(C), pages 18-32.
    2. Riboni, Alessandro & Ruge-Murcia, Francisco, 2014. "Dissent in monetary policy decisions," Journal of Monetary Economics, Elsevier, vol. 66(C), pages 137-154.
    3. Jung, Alexander & Latsos, Sophia, 2015. "Do federal reserve bank presidents have a regional bias?," European Journal of Political Economy, Elsevier, vol. 40(PA), pages 173-183.
    4. Hamza Bennani & Pawel Baranowski & Wirginia Doryn, 2021. "Do the ECB's Introductory Statements Help Predict Monetary Policy? Evidence from a Tone Analysis," Post-Print hal-02957422, HAL.
    5. Hamza Bennani & Davide Romelli, 2024. "Exploring the informativeness and drivers of tone during committee meetings: the case of the Federal Reserve," Post-Print hal-04670309, HAL.
    6. El-Shagi, Makram & Jung, Alexander, 2015. "Does the Greenspan era provide evidence on leadership in the FOMC?," Journal of Macroeconomics, Elsevier, vol. 43(C), pages 173-190.
    7. A. Jung, 2013. "Policymakers’ Interest Rate Preferences: Recent Evidence for Three Monetary Policy Committees," International Journal of Central Banking, International Journal of Central Banking, vol. 9(3), pages 150-197, September.
    8. Eichler, Stefan & Lähner, Tom & Noth, Felix, 2016. "Regional Banking Instability and FOMC Voting," IWH Discussion Papers 15/2016, Halle Institute for Economic Research (IWH).
    9. Mikael Apel & Marianna Blix Grimaldi & Isaiah Hull, 2022. "How Much Information Do Monetary Policy Committees Disclose? Evidence from the FOMC's Minutes and Transcripts," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(5), pages 1459-1490, August.
    10. Jung, Alexander, 2016. "Have FOMC minutes helped markets to predict FED funds rate changes?," Working Paper Series 1961, European Central Bank.
    11. Hamza Bennani & Etienne Farvaque & Piotr Stanek, 2018. "Influence of regional cycles and personal background on FOMC members’ preferences and disagreement," Post-Print hal-04206047, HAL.
    12. Smales, Lee A. & Apergis, Nick, 2016. "The influence of FOMC member characteristics on the monetary policy decision-making process," Journal of Banking & Finance, Elsevier, vol. 64(C), pages 216-231.
    13. Etienne Farvaque & Franck Malan & Piotr Stanek, 2020. "Misplaced childhood: When recession children grow up as central bankers," Post-Print hal-02502635, HAL.
    14. Hamza Bennani, 2016. "Measuring Monetary Policy Stress for Fed District Representatives," Post-Print hal-01386000, HAL.
    15. Smales, L.A. & Apergis, N., 2017. "Understanding the impact of monetary policy announcements: The importance of language and surprises," Journal of Banking & Finance, Elsevier, vol. 80(C), pages 33-50.
    16. Sylvester Eijffinger & Ronald Mahieu & Louis Raes, 2016. "Monetary Policy Committees, Voting Behavior and Ideal Points," BAFFI CAREFIN Working Papers 1628, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    17. Hüpper, Florian & Kempa, Bernd, 2023. "Inflation targeting and inflation communication of the Federal Reserve: Words and deeds," Journal of Macroeconomics, Elsevier, vol. 75(C).

  26. El-Shagi, Makram & Giesen, Sebastian & Jung, Alexander, 2012. "Does Central Bank Staff Beat Private Forecasters?," IWH Discussion Papers 5/2012, Halle Institute for Economic Research (IWH).

    Cited by:

    1. Hoque, Jawad Mahmud & Erhardt, Gregory D. & Schmitt, David & Chen, Mei & Wachs, Martin, 2021. "Estimating the uncertainty of traffic forecasts from their historical accuracy," Transportation Research Part A: Policy and Practice, Elsevier, vol. 147(C), pages 339-349.
    2. Ekşi Ozan & Orman Cüneyt & Taş Bedri Kamil Onur, 2017. "Has the forecasting performance of the Federal Reserve’s Greenbooks changed over time?," The B.E. Journal of Macroeconomics, De Gruyter, vol. 17(2), pages 1-25, June.
    3. Sheng, Xuguang (Simon), 2015. "Evaluating the economic forecasts of FOMC members," International Journal of Forecasting, Elsevier, vol. 31(1), pages 165-175.

  27. El-Shagi, Makram & Knedlik, Tobias & von Schweinitz, Gregor, 2012. "Predicting Financial Crises: The (Statistical) Significance of the Signals Approach," IWH Discussion Papers 3/2012, Halle Institute for Economic Research (IWH).

    Cited by:

    1. Beutel, Johannes & List, Sophia & von Schweinitz, Gregor, 2019. "An evaluation of early warning models for systemic banking crises: Does machine learning improve predictions?," IWH Discussion Papers 2/2019, Halle Institute for Economic Research (IWH).
    2. Sarlin, Peter, 2013. "On policymakers' loss function and the evaluation of early warning systems," Working Paper Series 1509, European Central Bank.
    3. Knedlik, Tobias & von Schweinitz, Gregor, 2011. "Macroeconomic Imbalances as Indicators for Debt Crises in Europe," IWH Discussion Papers 12/2011, Halle Institute for Economic Research (IWH).
    4. Geraldine Dany-Knedlik & Martina Kämpfe & Tobias Knedlik, 2021. "The appropriateness of the macroeconomic imbalance procedure for Central and Eastern European Countries," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 48(1), pages 123-139, February.
    5. Hyeongwoo Kim & Wen Shi & Hyun Hak Kim, 2020. "Forecasting financial stress indices in Korea: a factor model approach," Empirical Economics, Springer, vol. 59(6), pages 2859-2898, December.
    6. Yamarik, Steven & El-Shagi, Makram & Yamashiro, Guy, 2016. "Does inequality lead to credit growth? Testing the Rajan hypothesis using state-level data," Economics Letters, Elsevier, vol. 148(C), pages 63-67.
    7. Hyeongwoo Kim & Kyunghwan Ko, 2017. "Improving Forecast Accuracy of Financial Vulnerability: Partial Least Squares Factor Model Approach," Working Papers 2017-14, Economic Research Institute, Bank of Korea.
    8. Makram El-shagi & Logan J Kelly, 2014. "Liquidity in the liquidity crisis: evidence from Divisia monetary aggregates in Germany and the European crisis countries," Economics Bulletin, AccessEcon, vol. 34(1), pages 63-72.
    9. El-Shagi, Makram & Kelly, Logan, 2019. "What can we learn from country-level liquidity in the EMU?," Journal of Financial Stability, Elsevier, vol. 42(C), pages 75-83.
    10. Kim, Hyeongwoo & Ko, Kyunghwan, 2020. "Improving forecast accuracy of financial vulnerability: PLS factor model approach," Economic Modelling, Elsevier, vol. 88(C), pages 341-355.
    11. Knedlik, Tobias, 2013. "The European Commission's Scoreboard of Macroeconomic Imbalances: The impact of preferences on an early warning system," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 80028, Verein für Socialpolitik / German Economic Association.
    12. Zhi-Qiang Jiang & Gang-Jin Wang & Askery Canabarro & Boris Podobnik & Chi Xie & H. Eugene Stanley & Wei-Xing Zhou, 2016. "Short term prediction of extreme returns based on the recurrence interval analysis," Papers 1610.08230, arXiv.org.
    13. Hyeongwoo Kim & Wen Shi, 2020. "Forecasting Financial Vulnerability in the US: A Factor Model Approach," Auburn Economics Working Paper Series auwp2020-04, Department of Economics, Auburn University.
    14. Knedlik, Tobias, 2014. "The impact of preferences on early warning systems — The case of the European Commission's Scoreboard," European Journal of Political Economy, Elsevier, vol. 34(C), pages 157-166.
    15. Sarlin, Peter & von Schweinitz, Gregor, 2017. "Optimizing policymakers' loss functions in crisis prediction: before, within or after?," Working Paper Series 2025, European Central Bank.
    16. Makram El-Shagi & Jarko Fidrmuc & Steven Yamarik, 2019. "Inequality and credit growth in Russian regions," CFDS Discussion Paper Series 2019/6, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    17. Stefan Eichler, 2017. "How Do Political Factors Shape the Bank Risk–Sovereign Risk Nexus in Emerging Markets?," Review of Development Economics, Wiley Blackwell, vol. 21(3), pages 451-474, August.
    18. Christian Dreger & Konstantin A. Kholodilin, 2018. "Early Warning System of Government Debt Crises," Discussion Papers of DIW Berlin 1724, DIW Berlin, German Institute for Economic Research.
    19. Makram El-Shagi & Axel Lindner & Gregor von Schweinitz, 2016. "Real Effective Exchange Rate Misalignment in the Euro Area: A Counterfactual Analysis," Review of International Economics, Wiley Blackwell, vol. 24(1), pages 37-66, February.
    20. Popescu, Alexandra & Turcu, Camelia, 2017. "Sovereign debt and systemic risk in the eurozone," Economic Modelling, Elsevier, vol. 67(C), pages 275-284.
    21. Tomáš Domonkos & Filip Ostrihoň & Ivana Šikulová & Maria Širaňová, 2016. "Analyzing macroeconomic imbalances in the EU," EcoMod2016 9660, EcoMod.
    22. Hyeongwoo Kim & Wen Shi, 2015. "Forecasting Financial Market Vulnerability in the U.S.: A Factor Model Approach," Auburn Economics Working Paper Series auwp2015-04, Department of Economics, Auburn University.
    23. Beutel, Johannes & List, Sophia & von Schweinitz, Gregor, 2019. "Does machine learning help us predict banking crises?," Journal of Financial Stability, Elsevier, vol. 45(C).
    24. Magnus Saß, 2024. "Detecting excessive credit growth: An approach based on structural counterfactuals," Berlin School of Economics Discussion Papers 0046, Berlin School of Economics.
    25. von Schweinitz, Gregor & Sarlin, Peter, 2015. "Signaling Crises: How to Get Good Out-of-Sample Performance Out of the Early Warning System," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112964, Verein für Socialpolitik / German Economic Association.
    26. Panayotis Michaelides & Mike Tsionas & Panos Xidonas, 2020. "A Bayesian Signals Approach for the Detection of Crises," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 18(3), pages 551-585, September.
    27. Markus Holopainen & Peter Sarlin, 2015. "Toward robust early-warning models: A horse race, ensembles and model uncertainty," Papers 1501.04682, arXiv.org, revised Apr 2016.
    28. Tsionas, Mike G. & Mamatzakis, Emmanuel & Ongena, Steven, 2020. "Does risk aversion affect bank output loss? The case of the Eurozone," European Journal of Operational Research, Elsevier, vol. 282(3), pages 1127-1145.

  28. El-Shagi, Makram & von Schweinitz, Gregor, 2012. "Qual VAR Revisited: Good Forecast, Bad Story," IWH Discussion Papers 12/2012, Halle Institute for Economic Research (IWH).

    Cited by:

    1. Michael W. McCracken & Joseph McGillicuddy & Michael T. Owyang, 2019. "Binary Conditional Forecasts," Working Papers 2019-029, Federal Reserve Bank of St. Louis, revised Apr 2021.
    2. Aßhoff, Sina & Belke, Ansgar & Osowski, Thomas, 2021. "Unconventional monetary policy and inflation expectations in the Euro area," Economic Modelling, Elsevier, vol. 102(C).

  29. El-Shagi, Makram & Giesen, Sebastian & Kelly, Logan J., 2012. "Monetary Policy in a World Where Money (Also) Matters," IWH Discussion Papers 6/2012, Halle Institute for Economic Research (IWH).

    Cited by:

    1. Michael T. Belongia & Peter N. Ireland, 2013. "Instability: Monetary and Real," Boston College Working Papers in Economics 830, Boston College Department of Economics.
    2. Michael T. Belongia & Peter N. Ireland, 2016. "Money and Output: Friedman and Schwartz Revisited," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(6), pages 1223-1266, September.

  30. el-Shagi, Makram & Giesen, Sebastian & Kelly, Logan J., 2011. "The Quantity Theory Revisited: A New Structural Approach," IWH Discussion Papers 7/2011, Halle Institute for Economic Research (IWH).

    Cited by:

    1. El-Shagi, Makram & Kelly, Logan, 2019. "What can we learn from country-level liquidity in the EMU?," Journal of Financial Stability, Elsevier, vol. 42(C), pages 75-83.
    2. Jung, Alexander, 2017. "Forecasting broad money velocity," The North American Journal of Economics and Finance, Elsevier, vol. 42(C), pages 421-432.
    3. Belongia, Michael T. & Ireland, Peter N., 2024. "The transmission of monetary policy shocks through the markets for reserves and money," Journal of Macroeconomics, Elsevier, vol. 80(C).
    4. Moritz Pfeifer & Gunther Schnabl, 2024. "Monetary Policy, Divergence, and the Euro," CESifo Working Paper Series 11442, CESifo.
    5. Michael T. Belongia & Peter N. Ireland, 2018. "Monetary Policy Lessons from the Greenbook," Boston College Working Papers in Economics 955, Boston College Department of Economics.
    6. El-Shagi, Makram & Giesen, Sebastian & Kelly, Logan J., 2012. "Monetary Policy in a World Where Money (Also) Matters," IWH Discussion Papers 6/2012, Halle Institute for Economic Research (IWH).
    7. Jane M. Binner & logan J. Kelly, 2017. "Modelling Money Shocks in a Small Open Economy: The Case of Taiwan," Manchester School, University of Manchester, vol. 85, pages 104-120, September.

  31. El-Shagi, Makram, 2010. "An Evolutionary Algorithm for the Estimation of Threshold Vector Error Correction Models," IWH Discussion Papers 1/2010, Halle Institute for Economic Research (IWH).

    Cited by:

    1. Frauke Schleer, 2015. "Finding Starting-Values for the Estimation of Vector STAR Models," Econometrics, MDPI, vol. 3(1), pages 1-26, January.
    2. Kirstin Hubrich & Timo Teräsvirta, 2013. "Thresholds and Smooth Transitions in Vector Autoregressive Models," CREATES Research Papers 2013-18, Department of Economics and Business Economics, Aarhus University.
    3. El-Shagi, Makram, 2017. "Dealing with small sample bias in post-crisis samples," Economic Modelling, Elsevier, vol. 65(C), pages 1-8.
    4. Schleer, Frauke, 2013. "Finding starting-values for maximum likelihood estimation of vector STAR models," ZEW Discussion Papers 13-076, ZEW - Leibniz Centre for European Economic Research.
    5. El-Shagi, Makram & Giesen, Sebastian, 2010. "Money and Inflation: The Role of Persistent Velocity Movements," IWH Discussion Papers 2/2010, Halle Institute for Economic Research (IWH).

  32. El-Shagi, Makram & Giesen, Sebastian, 2010. "Testing for Structural Breaks at Unknown Time: A Steeplechase," IWH Discussion Papers 19/2010, Halle Institute for Economic Research (IWH).

    Cited by:

    1. Esin Firuzan & Berhan Çoban, 2016. "Comparison of Cointegration Tests for Near Integrated Time Series Data with Structural Break," Alphanumeric Journal, Bahadir Fatih Yildirim, vol. 4(1), pages 35-44, June.
    2. Makram El-Shagi & Kiril Tochkov, 2021. "Divisia Monetary Aggregates for Russia: Money Demand, GDP Nowcasting, and the Price Puzzle," CFDS Discussion Paper Series 2021/1, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    3. El-Shagi, Makram, 2019. "Rationality tests in the presence of instabilities in finite samples," Economic Modelling, Elsevier, vol. 79(C), pages 242-246.
    4. Karfakis, Costas, 2013. "Credit and business cycles in Greece: Is there any relationship?," Economic Modelling, Elsevier, vol. 32(C), pages 23-29.
    5. Holtemöller Oliver, 2013. "Explosive Preisentwicklung und spekulative Blasen auf Rohstoffmärkten / Explosive behavior and speculative bubbles on commodity markets," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 64(1), pages 405-420, January.
    6. Ivan Mendieta-Muñoz, 2014. "Is there any relationship between the rates of interest and profit in the U.S. economy?," Studies in Economics 1416, School of Economics, University of Kent.

  33. El-Shagi, Makram & Giesen, Sebastian, 2010. "Money and Inflation: The Role of Persistent Velocity Movements," IWH Discussion Papers 2/2010, Halle Institute for Economic Research (IWH).

    Cited by:

    1. el-Shagi, Makram & Giesen, Sebastian & Kelly, Logan J., 2011. "The Quantity Theory Revisited: A New Structural Approach," IWH Discussion Papers 7/2011, Halle Institute for Economic Research (IWH).
    2. Svatopluk Kapounek, 2011. "Monetary policy implementation and money demand instability during the financial crisis," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 59(7), pages 177-186.
    3. Svatopluk Kapounek, 2011. "Monetary Policy Implementation in the Eurozone - the Concept of Endogenous Money," MENDELU Working Papers in Business and Economics 2011-12, Mendel University in Brno, Faculty of Business and Economics.

  34. El-Shagi, Makram, 2009. "The impact of fixed exchange rates on fiscal discipline," University of Göttingen Working Papers in Economics 84, University of Goettingen, Department of Economics.

    Cited by:

    1. Chowdhury, Mohammad Tarequl Hasan & Bhattacharya, Prasad Sankar & Mallick, Debdulal & Ulubaşoğlu, Mehmet Ali, 2016. "Exchange rate regimes and fiscal discipline: The role of trade openness," International Review of Economics & Finance, Elsevier, vol. 45(C), pages 106-128.

  35. El-Shagi, Makram, 2009. "The impact of fixed exchange rates on fiscal discipline," University of Göttingen Working Papers in Economics 84, University of Goettingen, Department of Economics.

    Cited by:

    1. Chowdhury, Mohammad Tarequl Hasan & Bhattacharya, Prasad Sankar & Mallick, Debdulal & Ulubaşoğlu, Mehmet Ali, 2016. "Exchange rate regimes and fiscal discipline: The role of trade openness," International Review of Economics & Finance, Elsevier, vol. 45(C), pages 106-128.

Articles

  1. El-Shagi, Makram & Tochkov, Kiril, 2022. "Shadow of the colossus: Euro area spillovers and monetary policy in Central and Eastern Europe," Journal of International Money and Finance, Elsevier, vol. 120(C).
    See citations under working paper version above.
  2. El-Shagi, Makram & Tochkov, Kiril, 2022. "Divisia monetary aggregates for Russia: Money demand, GDP nowcasting and the price puzzle," Economic Systems, Elsevier, vol. 46(4).
    See citations under working paper version above.
  3. Benchimol, Jonathan & El-Shagi, Makram & Saadon, Yossi, 2022. "Do expert experience and characteristics affect inflation forecasts?," Journal of Economic Behavior & Organization, Elsevier, vol. 201(C), pages 205-226.
    See citations under working paper version above.
  4. Makram El-Shagi & Yizhuang Zheng, 2022. "Money Demand in China: A Meta Study," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 58(1), pages 145-163, January.
    See citations under working paper version above.
  5. El-Shagi, Makram, 2021. "When Does Monetary Measurement Matter (Most)?," Macroeconomic Dynamics, Cambridge University Press, vol. 25(1), pages 240-256, January.

    Cited by:

    1. Makram El-Shagi & Kiril Tochkov, 2021. "Divisia Monetary Aggregates for Russia: Money Demand, GDP Nowcasting, and the Price Puzzle," CFDS Discussion Paper Series 2021/1, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    2. Belongia, Michael T. & Ireland, Peter N., 2024. "The transmission of monetary policy shocks through the markets for reserves and money," Journal of Macroeconomics, Elsevier, vol. 80(C).
    3. Makram El-Shagi & Kiril Tochkov, 2020. "Shadow of the Colossus: Euro Area Spillovers and Monetary Policy in Central and Eastern Europe," CFDS Discussion Paper Series 2020/7, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

  6. Makram El‐Shagi & Steven J. Yamarik, 2021. "IMF conditionality and capital controls: Capital account liberalization to capital inflow management?," Review of International Economics, Wiley Blackwell, vol. 29(3), pages 590-605, August.
    See citations under working paper version above.
  7. El-Shagi, Makram & Schweinitz, Gregor von, 2021. "Fiscal policy and fiscal fragility: Empirical evidence from the OECD," Journal of International Money and Finance, Elsevier, vol. 115(C).
    See citations under working paper version above.
  8. El-Shagi, Makram & Fidrmuc, Jarko & Yamarik, Steven, 2020. "Inequality and credit growth in Russian regions," Economic Modelling, Elsevier, vol. 91(C), pages 550-558.
    See citations under working paper version above.
  9. Benchimol, Jonathan & El-Shagi, Makram, 2020. "Forecast performance in times of terrorism," Economic Modelling, Elsevier, vol. 91(C), pages 386-402.
    See citations under working paper version above.
  10. El-Shagi, Makram & Zhang, Lin, 2020. "Trade effects of silver price fluctuations in 19th-century China: A macro approach," China Economic Review, Elsevier, vol. 63(C).
    See citations under working paper version above.
  11. Makram El‐Shagi & Liang Shao, 2019. "The Impact of Inequality and Redistribution on Growth," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 65(2), pages 239-263, June.

    Cited by:

    1. Dávila-Fernández, Marwil J. & Punzo, Lionello F., 2021. "The Kuznets curve of the rich," Economic Systems, Elsevier, vol. 45(4).
    2. Pi, Jiancai & Zhang, Pengqing, 2021. "Redistribution and wage inequality," International Review of Economics & Finance, Elsevier, vol. 72(C), pages 510-523.
    3. Liang Frank Shao, 2021. "Robust determinants of income distribution across and within countries," PLOS ONE, Public Library of Science, vol. 16(7), pages 1-29, July.
    4. Enea Baselgia & Reto Foellmi, 2022. "Inequality and growth: a review on a great open debate in economics," WIDER Working Paper Series wp-2022-5, World Institute for Development Economic Research (UNU-WIDER).
    5. Ines A. Ferreira & Rachel M. Gisselquist & Finn Tarp, 2021. "On the impact of inequality on growth, human development, and governance," WIDER Working Paper Series wp-2021-34, World Institute for Development Economic Research (UNU-WIDER).
    6. Ibrahim Mohamed Ali Ali, 2023. "Income inequality, economic growth, and structural changes in Egypt: new insights from quantile cointegration approach," Economic Change and Restructuring, Springer, vol. 56(1), pages 379-407, February.
    7. Juneyoung Lee & Keun Lee, 2024. "Decoupling of functional and household income distribution by economic growth: new findings from analysing the three‐way growth‐equity nexus," Journal of International Development, John Wiley & Sons, Ltd., vol. 36(5), pages 2270-2299, July.

  12. Makram El‐Shagi & Steven Yamarik, 2019. "State‐level capital and investment: Refinements and update," Growth and Change, Wiley Blackwell, vol. 50(4), pages 1411-1422, December.
    See citations under working paper version above.
  13. El-Shagi, Makram & Kelly, Logan, 2019. "What can we learn from country-level liquidity in the EMU?," Journal of Financial Stability, Elsevier, vol. 42(C), pages 75-83.

    Cited by:

    1. Makram El-Shagi & Kiril Tochkov, 2021. "Divisia Monetary Aggregates for Russia: Money Demand, GDP Nowcasting, and the Price Puzzle," CFDS Discussion Paper Series 2021/1, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    2. Maximilian C. Brill & Dieter Nautz & Lea Sieckmann, 2021. "Divisia monetary aggregates for a heterogeneous euro area," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 48(1), pages 247-278, February.
    3. Makram El-Shagi & Kiril Tochkov, 2020. "Shadow of the Colossus: Euro Area Spillovers and Monetary Policy in Central and Eastern Europe," CFDS Discussion Paper Series 2020/7, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    4. Fleissig, Adrian R. & Jones, Barry E., 2023. "U.K. household-sector money demand during Brexit and the pandemic," Economic Modelling, Elsevier, vol. 123(C).

  14. Makram El-Shagi, 2019. "A simple estimator for smooth local projections," Applied Economics Letters, Taylor & Francis Journals, vol. 26(10), pages 830-834, June.

    Cited by:

    1. Masahiro Tanaka, 2020. "Bayesian Inference of Local Projections with Roughness Penalty Priors," Computational Economics, Springer;Society for Computational Economics, vol. 55(2), pages 629-651, February.
    2. Makram El-Shagi & Yishuo Ma, 2021. "Nine blind men and the PBoC," CFDS Discussion Paper Series 2021/2, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

  15. El-Shagi, Makram, 2019. "Rationality tests in the presence of instabilities in finite samples," Economic Modelling, Elsevier, vol. 79(C), pages 242-246.

    Cited by:

    1. Jonathan Benchimol & Makram El-Shagi, 2019. "Forecast Performance in Times of Terrorism," Bank of Israel Working Papers 2019.08, Bank of Israel.

  16. El-Shagi, Makram & Schweinitz, Gregor von, 2018. "The joint dynamics of sovereign ratings and government bond yields," Journal of Banking & Finance, Elsevier, vol. 97(C), pages 198-218.
    See citations under working paper version above.
  17. El-Shagi, Makram, 2017. "Dealing with small sample bias in post-crisis samples," Economic Modelling, Elsevier, vol. 65(C), pages 1-8.

    Cited by:

    1. Makram El-Shagi & Lunan Jiang, 2017. "China Monetary Policy Transmission in China: Dual Shocks with Dual Bond Markets," CFDS Discussion Paper Series 2017/2, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    2. El-Shagi, Makram, 2019. "Rationality tests in the presence of instabilities in finite samples," Economic Modelling, Elsevier, vol. 79(C), pages 242-246.
    3. Makram El-Shagi & Kiril Tochkov, 2020. "Shadow of the Colossus: Euro Area Spillovers and Monetary Policy in Central and Eastern Europe," CFDS Discussion Paper Series 2020/7, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

  18. Makram El-Shagi & Logan J. Kelly, 2017. "For they know not what they do: an analysis of monetary policy during the Great Moderation," Applied Economics Letters, Taylor & Francis Journals, vol. 24(10), pages 717-721, June.

    Cited by:

    1. Makram El-Shagi & Lunan Jiang, 2017. "China Monetary Policy Transmission in China: Dual Shocks with Dual Bond Markets," CFDS Discussion Paper Series 2017/2, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.

  19. Makram El-Shagi & Claus Michelsen & Sebastian Rosenschon, 2017. "Empirics on the Long-Run Effects of Building Energy Codes in the Housing Market," Land Economics, University of Wisconsin Press, vol. 93(4), pages 585-607.

    Cited by:

    1. Singhal, Puja, 2024. "Inform me when it matters: Cost salience, energy consumption, and efficiency investments," Energy Economics, Elsevier, vol. 133(C).
    2. Holian, Matthew J., 2020. "The impact of building energy codes on household electricity expenditures," Economics Letters, Elsevier, vol. 186(C).
    3. Singhal, Puja & Hobbs, Andrew, 2021. "The Distribution of Energy Efficiency and Regional Inequality," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242343, Verein für Socialpolitik / German Economic Association.

  20. El-Shagi, Makram & Giesen, Sebastian & Jung, Alexander, 2016. "Revisiting the relative forecast performances of Fed staff and private forecasters: A dynamic approach," International Journal of Forecasting, Elsevier, vol. 32(2), pages 313-323.

    Cited by:

    1. Jonathan Benchimol & Makram El-Shagi & Yossi Saadon, 2020. "Do Expert Experience and Characteristics Affect Inflation Forecasts?," Bank of Israel Working Papers 2020.11, Bank of Israel.
    2. Jonathan Benchimol & Makram El-Shagi, 2019. "Forecast Performance in Times of Terrorism," Bank of Israel Working Papers 2019.08, Bank of Israel.
    3. Granziera, Eleonora & Jalasjoki, Pirkka & Paloviita, Maritta, 2024. "The bias of the ECB inflation projections: A State-dependent analysis," Bank of Finland Research Discussion Papers 4/2024, Bank of Finland.
    4. Eleni Argiri & Stephen G. Hall & Angeliki Momtsia & Daphne Marina Papadopoulou & Ifigeneia Skotida & George S. Tavlas & Yongli Wang, 2024. "An evaluation of the inflation forecasting performance of the European Central Bank, the Federal Reserve, and the Bank of England," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 43(4), pages 932-947, July.
    5. Håvard Hungnes, 2020. "Predicting the exchange rate path. The importance of using up-to-date observations in the forecasts," Discussion Papers 934, Statistics Norway, Research Department.
    6. G. Kontogeorgos & K. Lambrias, 2022. "Evaluating the Eurosystem/ECB staff macroeconomic projections: The first 20 years," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 41(2), pages 213-229, March.
    7. El-Shagi, Makram, 2019. "Rationality tests in the presence of instabilities in finite samples," Economic Modelling, Elsevier, vol. 79(C), pages 242-246.
    8. Eleonora Granziera & Pirkka Jalasjoki & Maritta Paloviita, 2021. "The Bias and Efficiency of the ECB Inflation Projections: a State Dependent Analysis," Working Paper 2021/1, Norges Bank.
    9. Bespalova, Olga, 2020. "GDP forecasts: Informational asymmetry of the SPF and FOMC minutes," International Journal of Forecasting, Elsevier, vol. 36(4), pages 1531-1540.
    10. Håvard Hungnes, 2020. "Equal predictability test for multi-step-ahead system forecasts invariant to linear transformations," Discussion Papers 931, Statistics Norway, Research Department.
    11. Joscha Beckmann & Ansgar Belke & Irina Dubova, 2022. "What drives updates of inflation expectations? A Bayesian VAR analysis for the G‐7 countries," The World Economy, Wiley Blackwell, vol. 45(9), pages 2748-2765, September.
    12. Lillian R. Gaeto & Sandeep Mazumder, 2019. "Measuring the Accuracy of Federal Reserve Forecasts," Southern Economic Journal, John Wiley & Sons, vol. 85(3), pages 960-984, January.
    13. Granziera, Eleonora & Jalasjoki, Pirkka & Paloviita, Maritta, 2021. "The bias and efficiency of the ECB inflation projections: A state dependent analysis," Bank of Finland Research Discussion Papers 7/2021, Bank of Finland.
    14. de Mendonça, Helder Ferreira & Simão Filho, José & Abreu, Vanessa Castro, 2023. "Central bank’s forecasts and lack of transparency: An assessment of the effect on private expectations in a large emerging economy," Economic Systems, Elsevier, vol. 47(2).
    15. Kontogeorgos, Georgios & Lambrias, Kyriacos, 2019. "An analysis of the Eurosystem/ECB projections," Working Paper Series 2291, European Central Bank.
    16. Håvard Hungnes, 2018. "Encompassing tests for evaluating multi-step system forecasts invariant to linear transformations," Discussion Papers 871, Statistics Norway, Research Department.
    17. Deschamps, Bruno & Ioannidis, Christos & Ka, Kook, 2020. "High-frequency credit spread information and macroeconomic forecast revision," International Journal of Forecasting, Elsevier, vol. 36(2), pages 358-372.

  21. Yamarik, Steven & El-Shagi, Makram & Yamashiro, Guy, 2016. "Does inequality lead to credit growth? Testing the Rajan hypothesis using state-level data," Economics Letters, Elsevier, vol. 148(C), pages 63-67.
    See citations under working paper version above.
  22. Makram El-Shagi & Axel Lindner & Gregor von Schweinitz, 2016. "Real Effective Exchange Rate Misalignment in the Euro Area: A Counterfactual Analysis," Review of International Economics, Wiley Blackwell, vol. 24(1), pages 37-66, February.
    See citations under working paper version above.
  23. Makram El-Shagi & Gregor von Schweinitz, 2016. "Qual VAR revisited: Good forecast, bad story," Journal of Applied Economics, Universidad del CEMA, vol. 19, pages 293-322, November.
    See citations under working paper version above.
  24. El-Shagi, Makram & Giesen, Sebastian & Kelly, Logan J., 2015. "The Quantity Theory Revisited: A New Structural Approach," Macroeconomic Dynamics, Cambridge University Press, vol. 19(1), pages 58-78, January.
    See citations under working paper version above.
  25. El-Shagi, Makram & Jung, Alexander, 2015. "Have minutes helped markets to predict the MPC's monetary policy decisions?," European Journal of Political Economy, Elsevier, vol. 39(C), pages 222-234.

    Cited by:

    1. Tadle, Raul Cruz, 2022. "FOMC minutes sentiments and their impact on financial markets," Journal of Economics and Business, Elsevier, vol. 118(C).
    2. Jung, Alexander, 2016. "Have minutes helped to predict fed funds rate changes?," Journal of Macroeconomics, Elsevier, vol. 49(C), pages 18-32.
    3. Juan Camilo Anzoátegui Zapata & Juan Camilo Galvis, 2019. "Efectos de la comunicación del banco central sobre los títulos públicos: evidencia empírica para Colombia," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, vol. 38(77), pages 337-364, July.
    4. Hamza Bennani & Pawel Baranowski & Wirginia Doryn, 2021. "Do the ECB's Introductory Statements Help Predict Monetary Policy? Evidence from a Tone Analysis," Post-Print hal-02957422, HAL.
    5. Łyziak, Tomasz & Paloviita, Maritta, 2016. "Anchoring of inflation expectations in the euro area: recent evidence based on survey data," Working Paper Series 1945, European Central Bank.
    6. Carlos Medel, 2018. "Econometric Analysis on Survey-data-based Anchoring of Inflation Expectations in Chile," Working Papers Central Bank of Chile 825, Central Bank of Chile.
    7. Qiu, Yue & Xie, Tian & Xie, Wenjing & Zheng, Xiangzhong, 2023. "Federal policy announcements and capital reallocation: Insights from inflow and outflow trends in the U.S," Journal of International Money and Finance, Elsevier, vol. 139(C).
    8. Mikael Apel & Marianna Blix Grimaldi & Isaiah Hull, 2022. "How Much Information Do Monetary Policy Committees Disclose? Evidence from the FOMC's Minutes and Transcripts," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(5), pages 1459-1490, August.
    9. Alexander Jung, 2018. "Have money and credit data releases helped markets to predict the interest rate decisions of the European Central Bank?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 65(1), pages 39-67, February.
    10. Hamza Bennani & Nicolas Fanta & Pavel Gertler & Roman Horvath, 2020. "Does Central Bank Communication Signal Future Monetary Policy in a (post)-Crisis Era? The Case of the ECB," Post-Print hal-02486315, HAL.
    11. Jung, Alexander, 2016. "Have FOMC minutes helped markets to predict FED funds rate changes?," Working Paper Series 1961, European Central Bank.
    12. Chappell, Henry W. & McGregor, Rob Roy, 2018. "Committee decision-making at Sweden's Riksbank," European Journal of Political Economy, Elsevier, vol. 53(C), pages 120-133.
    13. Baranowski, Paweł & Doryń, Wirginia & Łyziak, Tomasz & Stanisławska, Ewa, 2021. "Words and deeds in managing expectations: Empirical evidence from an inflation targeting economy," Economic Modelling, Elsevier, vol. 95(C), pages 49-67.
    14. Ruttachai Seelajaroen & Pornanong Budsaratragoon & Boonlert Jitmaneeroj, 2020. "Do monetary policy transparency and central bank communication reduce interest rate disagreement?," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 39(3), pages 368-393, April.
    15. Jung, Alexander, 2016. "Have monetary data releases helped markets to predict the interest rate decisions of the European Central Bank?," Working Paper Series 1926, European Central Bank.
    16. Kokoszczyński, Ryszard & Mackiewicz-Łyziak, Joanna, 2024. "Making monetary policy in Poland: Are Polish hawks and doves different?," European Journal of Political Economy, Elsevier, vol. 81(C).
    17. Rieder, Kilian, 2022. "Monetary policy decision-making by committee: Why, when and how it can work," European Journal of Political Economy, Elsevier, vol. 72(C).
    18. Jan Filacek & Lucie Kokesova Matejkova, 2022. "Disclosing Dissent in Monetary Policy Committees," Research and Policy Notes 2022/02, Czech National Bank.

  26. El-Shagi, Makram & Jung, Alexander, 2015. "Does the Greenspan era provide evidence on leadership in the FOMC?," Journal of Macroeconomics, Elsevier, vol. 43(C), pages 173-190.
    See citations under working paper version above.
  27. El-Shagi, Makram & von Schweinitz, Gregor, 2015. "Risk and return—Is there an unholy cycle of ratings and yields?," Economics Letters, Elsevier, vol. 129(C), pages 49-51.

    Cited by:

    1. El-Shagi, Makram & von Schweinitz, Gregor, 2016. "The joint dynamics of sovereign ratings and government bond yields," Discussion Papers 13/2016, Deutsche Bundesbank.
    2. El-Shagi, Makram & von Schweinitz, Gregor, 2017. "Why they keep missing: An empirical investigation of rational inattention of rating agencies," IWH Discussion Papers 1/2017, Halle Institute for Economic Research (IWH), revised 2017.
    3. El-Shagi, Makram, 2016. "Much ado about nothing: Sovereign ratings and government bond yields in the OECD," IWH Discussion Papers 22/2016, Halle Institute for Economic Research (IWH).
    4. Makram El‐Shagi & Gregor von Schweinitz, 2022. "Why they keep missing: An empirical investigation of sovereign bond ratings and their timing," Scottish Journal of Political Economy, Scottish Economic Society, vol. 69(2), pages 186-224, May.

  28. Makram El-shagi & Logan J Kelly, 2014. "Liquidity in the liquidity crisis: evidence from Divisia monetary aggregates in Germany and the European crisis countries," Economics Bulletin, AccessEcon, vol. 34(1), pages 63-72.
    See citations under working paper version above.
  29. El-Shagi, M. & Knedlik, T. & von Schweinitz, G., 2013. "Predicting financial crises: The (statistical) significance of the signals approach," Journal of International Money and Finance, Elsevier, vol. 35(C), pages 76-103.
    See citations under working paper version above.
  30. Makram El-Shagi & Sebastian Giesen, 2013. "Testing for Structural Breaks at Unknown Time: A Steeplechase," Computational Economics, Springer;Society for Computational Economics, vol. 41(1), pages 101-123, January.
    See citations under working paper version above.
  31. El-Shagi, Makram & Giesen, Sebastian, 2013. "Money and inflation: Consequences of the recent monetary policy," Journal of Policy Modeling, Elsevier, vol. 35(4), pages 520-537.

    Cited by:

    1. Claudiu Tiberiu Albulescu & Daniel Goyeau & Cornel Oros, 2015. "On the Long Run Money-Prices Relationship in CEE Countries," Post-Print hal-01257389, HAL.
    2. Karimova, Amira & Simsek, Esra & Orhan, Mehmet, 2020. "Policy implications of the Lucas Critique empirically tested along the global financial crisis," Journal of Policy Modeling, Elsevier, vol. 42(1), pages 153-172.
    3. Jonathan Benchimol, 2016. "Money and monetary policy in Israel during the last decade," Post-Print hal-01272174, HAL.
    4. Khieu Van, Hoang, 2014. "Budget deficit, money growth and inflation: Empirical evidence from Vietnam," MPRA Paper 54488, University Library of Munich, Germany, revised 12 Feb 2014.
    5. ALBULESCU, Claudiu Tiberiu & Pepin, Dominique, 2018. "Monetary Integration, Money-Demand Stability, and the Role of Monetary Overhang in Forecasting Inflation in CEE Countries," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 33(4), pages 841-879.
    6. O. Evans, 2019. "Money, Inflation and Output in Nigeria and South Africa: Could Friedman and Schwartz Be Right?," Journal of African Business, Taylor & Francis Journals, vol. 20(3), pages 392-406, July.
    7. Anwar, Sajid & Nguyen, Lan Phi, 2018. "Channels of monetary policy transmission in Vietnam," Journal of Policy Modeling, Elsevier, vol. 40(4), pages 709-729.
    8. Cuneyt Dumrul & Yasemin Dumrul, 2015. "Price-Money Relationship after Infl ation Targeting: Co-integration Test with Structural Breaks for Turkey and Brazil," International Journal of Economics and Financial Issues, Econjournals, vol. 5(3), pages 701-708.

  32. Makram El-Shagi, 2012. "Protect and survive? Did capital controls help shield emerging markets from the crisis?," Economics Bulletin, AccessEcon, vol. 32(1), pages 1-6.

    Cited by:

    1. Axel Dreher, 2013. "Joseph P. Joyce. 2013. The IMF and global financial crises. Phoenix rising? (Cambridge: Cambridge University Press)," The Review of International Organizations, Springer, vol. 8(3), pages 415-418, September.

  33. Makram El‐Shagi, 2012. "The Distorting Impact of Capital Controls," German Economic Review, Verein für Socialpolitik, vol. 13(1), pages 41-55, February.

    Cited by:

    1. Fernández Martín, Andrés & Klein, Michael W. & Rebucci, Alessandro & Schindler, Martin & Uribe, Martin, 2015. "Capital Control Measures: A New Dataset," IDB Publications (Working Papers) 6814, Inter-American Development Bank.
    2. Makram El-Shagi, 2012. "Protect and survive? Did capital controls help shield emerging markets from the crisis?," Economics Bulletin, AccessEcon, vol. 32(1), pages 1-6.

  34. El-Shagi, Makram, 2011. "Inflation expectations: Does the market beat econometric forecasts?," The North American Journal of Economics and Finance, Elsevier, vol. 22(3), pages 298-319.

    Cited by:

    1. Auckenthaler, Julia & Kupfer, Alexander & Sendlhofer, Rupert, 2015. "The impact of liquidity on inflation-linked bonds: A hypothetical indexed bonds approach," The North American Journal of Economics and Finance, Elsevier, vol. 32(C), pages 139-154.
    2. Jonathan Benchimol & Makram El-Shagi, 2019. "Forecast Performance in Times of Terrorism," Bank of Israel Working Papers 2019.08, Bank of Israel.
    3. Jung, Alexander & El-Shagi, Makram & Giesen, Sebastian, 2013. "Does Central Bank Staff Beat Private Forecasters?," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79925, Verein für Socialpolitik / German Economic Association.
    4. Jung, Alexander & El-Shagi, Makram & Giesen, Sebastian, 2014. "Does the federal reserve staff still beat private forecasters?," Working Paper Series 1635, European Central Bank.
    5. Beckmann, Joscha & Czudaj, Robert, 2012. "Gold as an Infl ation Hedge in a Time-Varying Coefficient Framework," Ruhr Economic Papers 362, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    6. Beckmann, Joscha, 2011. "Nonlinear Adjustment, Purchasing Power Parity and the Role of Nominal Exchange Rates and Prices," Ruhr Economic Papers 272, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    7. Pooja Kapoor & Sujata Kar, 2023. "A review of inflation expectations and perceptions research in the past four decades: a bibliometric analysis," International Economics and Economic Policy, Springer, vol. 20(2), pages 279-302, May.
    8. Rene Coppe Pimentel & Taufiq Choudhry, 2014. "Stock Returns Under High Inflation and Interest Rates: Evidence from the Brazilian Market," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 50(1), pages 71-92, January.

  35. Makram El-Shagi, 2011. "An evolutionary algorithm for the estimation of threshold vector error correction models," International Economics and Economic Policy, Springer, vol. 8(4), pages 341-362, December.
    See citations under working paper version above.
  36. Makram El‐Shagi, 2011. "The Impact of Fixed Exchange Rates on Fiscal Discipline," Scottish Journal of Political Economy, Scottish Economic Society, vol. 58(5), pages 685-710, November.
    See citations under working paper version above.
  37. Makram El-Shagi, 2010. "The role of rating agencies in financial crises: event studies from the Asian flu," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 34(4), pages 671-685.

    Cited by:

    1. Krishna Reddy & Rudi Bosman & Nawazish Mirza, 2019. "Impact Of Credit Ratings On Stock Returns," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 21(3), pages 343-366, January.
    2. El-Shagi, Makram & von Schweinitz, Gregor, 2016. "The joint dynamics of sovereign ratings and government bond yields," Discussion Papers 13/2016, Deutsche Bundesbank.
    3. El-Shagi, Makram & von Schweinitz, Gregor, 2017. "Why they keep missing: An empirical investigation of rational inattention of rating agencies," IWH Discussion Papers 1/2017, Halle Institute for Economic Research (IWH), revised 2017.
    4. Gärtner, Manfred & Griesbach, Bjoern & Jung, Florian, 2011. "PIGS or Lambs? The European Sovereign Debt Crisis and the Role of Rating Agencies," Economics Working Paper Series 1106, University of St. Gallen, School of Economics and Political Science.
    5. Daniel Francois Meyer & Lerato Mothibi, 2021. "The Effect of Risk Rating Agencies Decisions on Economic Growth and Investment in a Developing Country: The Case of South Africa," JRFM, MDPI, vol. 14(7), pages 1-17, June.
    6. El-Shagi, Makram, 2016. "Much ado about nothing: Sovereign ratings and government bond yields in the OECD," IWH Discussion Papers 22/2016, Halle Institute for Economic Research (IWH).
    7. Shaen Corbet, 2014. "The Contagion Effects of Sovereign Downgrades: Evidence from the European Financial Crisis," International Journal of Economics and Financial Issues, Econjournals, vol. 4(1), pages 83-92.
    8. Manfred G?rtner & Bj?rn Griesbach, 2017. "Rating Agencies, Self-Fulfilling Prophecy and Multiple Equilibria? An Empirical Model of the European Sovereign Debt Crisis 2009-2011," Business and Economic Research, Macrothink Institute, vol. 7(1), pages 199-226, June.
    9. Cebula, Richard, 2011. "Budget Deficits, Economic Freedom, and Economic Growth in OECD Nations: P2SLS Fixed-Effects Estimates, 2003-2008," MPRA Paper 53203, University Library of Munich, Germany.
    10. Eva‐Maria Kalteier & Peter N. Posch, 2013. "Sovereign asset values and implications for the credit market," Review of Financial Economics, John Wiley & Sons, vol. 22(2), pages 53-60, April.
    11. Makram El‐Shagi & Gregor von Schweinitz, 2022. "Why they keep missing: An empirical investigation of sovereign bond ratings and their timing," Scottish Journal of Political Economy, Scottish Economic Society, vol. 69(2), pages 186-224, May.
    12. El-Shagi, Makram & von Schweinitz, Gregor, 2015. "Risk and return—Is there an unholy cycle of ratings and yields?," Economics Letters, Elsevier, vol. 129(C), pages 49-51.

  38. Makram El-Shagi, 2010. "Capital controls and international interest rate differentials," Applied Economics, Taylor & Francis Journals, vol. 42(6), pages 681-688.

    Cited by:

    1. Makram El‐Shagi, 2012. "The Distorting Impact of Capital Controls," German Economic Review, Verein für Socialpolitik, vol. 13(1), pages 41-55, February.

Chapters

  1. Makram El-Shagi, 2007. "Die Einführung von Kapitalverkehrskontrollen mit Korruptionsabsichten," List Forum Chapter, in: List Gesellschaft e.V. (ed.), List Forum Band 33, edition 1, volume 4, chapter 16, pages 330-356, List Gesellschaft e.V..

    Cited by:

    1. Makram El-Shagi, 2012. "Protect and survive? Did capital controls help shield emerging markets from the crisis?," Economics Bulletin, AccessEcon, vol. 32(1), pages 1-6.

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