David Kenneth Miles

Research output

Working papers

1. Miles, David & Sefton, James, 2023. "More working from home - aggregate and distributional impacts of shifts in residential location," CEPR Discussion Papers 18092, C.E.P.R. Discussion Papers.
2. David K Miles & Adrian H Heald & Michael Stedman, 2021. "How Should the COVID Restrictions in England Be Eased?," National Institute of Economic and Social Research (NIESR) Policy Papers 26, National Institute of Economic and Social Research.
3. David Miles & James Sefton, 2021. "How Much Risk is the USS Taking?," National Institute of Economic and Social Research (NIESR) Policy Papers 29, National Institute of Economic and Social Research.
4. David Miles & James Sefton, 2021. "The University Pension Scheme – A Way Forward," National Institute of Economic and Social Research (NIESR) Policy Papers 31, National Institute of Economic and Social Research.
5. Miles, David & Monro, Victoria, 2019. "UK house prices and three decades of decline in the risk‑free real interest rate," Bank of England working papers 837, Bank of England, revised 06 Jan 2020.
   • David Miles & Victoria Monro, 2021. "UK house prices and three decades of decline in the risk-free real interest rate [‘Demographics and Real Interest Rates: Inspecting the Mechanism’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 36(108), pages 627-684.
6. Miles, David, 2018. "The Half Life of Economic Injustice," CEPR Discussion Papers 13342, C.E.P.R. Discussion Papers.
   • Miles, David, 2022. "The half life of economic injustice," Economics and Philosophy, Cambridge University Press, vol. 38(1), pages 71-107, March.
7. Miles, David & Sefton, James, 2017. "Houses across time and across place," CEPR Discussion Papers 12103, C.E.P.R. Discussion Papers.
8. Marcheggiano, Gilberto & Miles, David, 2015. "Fiscal multipliers and time preference," Discussion Papers 39, Monetary Policy Committee Unit, Bank of England.
9. David K. Miles & Jochen Schanz, 2014. "The Relevance or Otherwise of the Central Bank's Balance Sheet," CESifo Working Paper Series 4615, CESifo.
   • David Miles & Jochen Schanz, 2013. "The Relevance or Otherwise of the Central Bank's Balance Sheet," NBER Chapters, in: NBER International Seminar on Macroeconomics 2013, pages 103-116, National Bureau of Economic Research, Inc.
   • Miles, David & Schanz, Jochen, 2014. "The Relevance or Otherwise of the Central Bank's Balance Sheet," CEPR Discussion Papers 9812, C.E.P.R. Discussion Papers.
   • Miles, David & Schanz, Jochen, 2015. "The relevance or otherwise of the central bank’s balance sheet," Discussion Papers 41, Monetary Policy Committee Unit, Bank of England.
10. Miles, David & Du, Chuan, 2014. "Interaction Between Monetary Policy and Regulatory Capital Requirements," CEPR Discussion Papers 10200, C.E.P.R. Discussion Papers.
11. Miles, David & Schanz, Jochen, 2014. "Should central banks provide reserves via repos or outright bond purchases?," CEPR Discussion Papers 10229, C.E.P.R. Discussion Papers.
12. Miles, David, 2012. "Demographics, house prices and mortgage design," Discussion Papers 35, Monetary Policy Committee Unit, Bank of England.
13. Miles, David & Yang, Jing & Marcheggiano, Gilberto, 2011. "Optimal Bank Capital," CEPR Discussion Papers 8333, C.E.P.R. Discussion Papers.
    • David Miles & Jing Yang & Gilberto Marcheggiano, 2013. "Optimal Bank Capital," Economic Journal, Royal Economic Society, vol. 123(567), pages 1-37, March.
    • Miles, David & Yang, Jing & Marcheggiano, Gilberto, 2011. "Optimal Bank Capital," Discussion Papers 31, Monetary Policy Committee Unit, Bank of England.
14. Miles, David & McCarthy, David, 2007. "Optimal Portfolio Allocation for Corporate Pension Funds," CEPR Discussion Papers 6394, C.E.P.R. Discussion Papers.
    • David McCarthy & David Miles, 2013. "Optimal Portfolio Allocation for Corporate Pension Funds," European Financial Management, European Financial Management Association, vol. 19(3), pages 599-629, June.
    • Miles, David & McCarthy, David, 2011. "Optimal portfolio allocation for corporate pension funds," CEPR Discussion Papers 8198, C.E.P.R. Discussion Papers.
15. Miles, David & Cerny, Ales & ,, 2005. "The Impact of Changing Demographics and Pensions on The Demand for Housing and Financial Assets," CEPR Discussion Papers 5143, C.E.P.R. Discussion Papers.
    • Černý, Aleš & Miles, David & Schmidt, L'Ubomír, 2010. "The impact of changing demographics and pensions on the demand for housing and financial assets," Journal of Pension Economics and Finance, Cambridge University Press, vol. 9(3), pages 393-420, July.
16. Miles, David & Sefton, James, 2002. "Optimal Social Security Design," CEPR Discussion Papers 3290, C.E.P.R. Discussion Papers.
17. David Miles & Ales Cerny, 2001. "Risk, Return and Portfolio Allocation under Alternative Pension Arrangements with Imperfect Financial Markets," CESifo Working Paper Series 441, CESifo.
18. Miles, David & Cerny, Ales, 2001. "Risk Return and Portfolio Allocation under Alternative Pension Systems with Imperfect Financial Markets," CEPR Discussion Papers 2779, C.E.P.R. Discussion Papers.
19. David K. Miles, 2000. "Funded and Unfunded Pension Schemes: Risk, Return and Welfare," CESifo Working Paper Series 239, CESifo.
20. Miles, David, 2000. "Funded and Unfunded Pensions: Risk, Return and Welfare," CEPR Discussion Papers 2369, C.E.P.R. Discussion Papers.
21. Iben, Andreas & Miles, David K, 1998. "The Reform of Pension Systems: Winners and Losers Across Generations," CEPR Discussion Papers 1943, C.E.P.R. Discussion Papers.
22. David Miles, 1997. "Demographics and savings: can we reconcile the evidence?," IFS Working Papers W97/06, Institute for Fiscal Studies.
23. Miles, David K, 1997. "Modelling the Impact of Demographic Change Upon the Economy," CEPR Discussion Papers 1762, C.E.P.R. Discussion Papers.
    • Miles, David, 1999. "Modelling the Impact of Demographic Change upon the Economy," Economic Journal, Royal Economic Society, vol. 109(452), pages 1-36, January.
24. Jo Corkish & David Miles, 1994. "Inflation, inflation risks and asset returns," Bank of England working papers 27, Bank of England.
25. David Miles, 1992. "Testing for short-termism in the UK stock market," Bank of England working papers 4, Bank of England.
    • Miles, David, 1993. "Testing for Short Termisn in the UK Stock Market," Economic Journal, Royal Economic Society, vol. 103(421), pages 1379-1396, November.

Articles

1. Miles, David, 2023. "Macroeconomic impacts of changes in life expectancy and fertility," The Journal of the Economics of Ageing, Elsevier, vol. 24(C).
2. Miles, David, 2022. "The half life of economic injustice," Economics and Philosophy, Cambridge University Press, vol. 38(1), pages 71-107, March.
   • Miles, David, 2018. "The Half Life of Economic Injustice," CEPR Discussion Papers 13342, C.E.P.R. Discussion Papers.
3. Miles, David, 2021. "How Long Does Economic Injustice Last?," National Institute Economic Review, National Institute of Economic and Social Research, vol. 255, pages 69-78, February.
4. David Miles & James Sefton, 2021. "House Prices and Growth with Fixed Land Supply," The Economic Journal, Royal Economic Society, vol. 131(636), pages 1815-1848.
5. David Miles & Victoria Monro, 2021. "UK house prices and three decades of decline in the risk-free real interest rate [‘Demographics and Real Interest Rates: Inspecting the Mechanism’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 36(108), pages 627-684.
   • Miles, David & Monro, Victoria, 2019. "UK house prices and three decades of decline in the risk‑free real interest rate," Bank of England working papers 837, Bank of England, revised 06 Jan 2020.
6. Miles, David & Stedman, Mike & Heald, Adrian, 2020. "Living With Covid-19: Balancing Costs Against Benefits In The Face Of The Virus," National Institute Economic Review, National Institute of Economic and Social Research, vol. 253, pages 60-76, August.
7. David Miles, 2019. "Review of Crashed: How a Decade of Financial Crises Changed the World by Adam Tooze. London: Penguin UK, 2018," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 54(4), pages 257-259, October.
8. Miles, David, 2016. "Regulatory Failure and Regulatory Change in the Banking Sector," National Institute Economic Review, National Institute of Economic and Social Research, vol. 235, pages 15-17, February.
   • David Miles, 2016. "Regulatory Failure and Regulatory Change in the Banking Sector," National Institute Economic Review, National Institute of Economic and Social Research, vol. 235(1), pages 15-17, February.
9. David Miles, 2015. "Housing, Leverage, and Stability in the Wider Economy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(S1), pages 19-36, March.
10. David Miles, 2014. "Monetary Policy and Forward Guidance in the UK," Manchester School, University of Manchester, vol. 82(S1), pages 44-59, September.
11. David Miles, 2014. "Inflation, Employment, and Monetary Policy: Objectives and Outcomes in the UK and U.S. Compared," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(S2), pages 155-167, October.
12. David Miles & Jing Yang & Gilberto Marcheggiano, 2013. "Optimal Bank Capital," Economic Journal, Royal Economic Society, vol. 123(567), pages 1-37, March.
    • Miles, David & Yang, Jing & Marcheggiano, Gilberto, 2011. "Optimal Bank Capital," CEPR Discussion Papers 8333, C.E.P.R. Discussion Papers.
    • Miles, David & Yang, Jing & Marcheggiano, Gilberto, 2011. "Optimal Bank Capital," Discussion Papers 31, Monetary Policy Committee Unit, Bank of England.
13. David McCarthy & David Miles, 2013. "Optimal Portfolio Allocation for Corporate Pension Funds," European Financial Management, European Financial Management Association, vol. 19(3), pages 599-629, June.
    • Miles, David & McCarthy, David, 2011. "Optimal portfolio allocation for corporate pension funds," CEPR Discussion Papers 8198, C.E.P.R. Discussion Papers.
    • Miles, David & McCarthy, David, 2007. "Optimal Portfolio Allocation for Corporate Pension Funds," CEPR Discussion Papers 6394, C.E.P.R. Discussion Papers.
14. David Miles, 2012. "Population Density, House Prices and Mortgage Design," Scottish Journal of Political Economy, Scottish Economic Society, vol. 59(5), pages 444-466, November.
15. Michael Joyce & David Miles & Andrew Scott & Dimitri Vayanos, 2012. "Quantitative Easing and Unconventional Monetary Policy – an Introduction," Economic Journal, Royal Economic Society, vol. 122(564), pages 271-288, November.
16. Černý, Aleš & Miles, David & Schmidt, L'Ubomír, 2010. "The impact of changing demographics and pensions on the demand for housing and financial assets," Journal of Pension Economics and Finance, Cambridge University Press, vol. 9(3), pages 393-420, July.
    • Miles, David & Cerny, Ales & ,, 2005. "The Impact of Changing Demographics and Pensions on The Demand for Housing and Financial Assets," CEPR Discussion Papers 5143, C.E.P.R. Discussion Papers.
17. David Miles & Vladimir Pillonca, 2008. "Financial innovation and European housing and mortgage markets," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 24(1), pages 145-175, spring.
18. David Miles & Ales Cerny, 2006. "Risk, Return and Portfolio Allocation under Alternative Pension Systems with Incomplete and Imperfect Financial Markets," Economic Journal, Royal Economic Society, vol. 116(511), pages 529-557, April.
19. David Miles, 2005. "Incentives Information and Efficiency in the UK Mortgage Market," Economic Journal, Royal Economic Society, vol. 115(502), pages 82-98, March.
20. David Barr & Francis Breedon & David Miles, 2003. "Life on the outside: economic conditions and prospects outside euroland [‘Do domestic firms benefit from foreign direct investment? Evidence from Venezuela’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 18(37), pages 573-613.
21. David Miles & Andreas Iben, 2000. "The Reform of Pension Systems: Winners and Losers Across Generations in the United Kingdom and Germany," Economica, London School of Economics and Political Science, vol. 67(266), pages 203-228, May.
22. David Miles, 2000. "Housing in the South East of England," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 1(2), pages 1-11, April.
23. David Miles & Allan Timmermann, 1999. "Risk sharing and transition costs in the reform of pension systems in Europe," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 14(29), pages 252-286.
24. Miles, David, 1999. "Modelling the Impact of Demographic Change upon the Economy," Economic Journal, Royal Economic Society, vol. 109(452), pages 1-36, January.
    • Miles, David K, 1997. "Modelling the Impact of Demographic Change Upon the Economy," CEPR Discussion Papers 1762, C.E.P.R. Discussion Papers.
25. Miles, David, 1998. "The Implications of Switching from Unfunded to Funded Pension Systems," National Institute Economic Review, National Institute of Economic and Social Research, vol. 163, pages 71-86, January.
    • David Miles, 1998. "The Implications of Switching from Unfunded to Funded Pension Systems," National Institute Economic Review, National Institute of Economic and Social Research, vol. 163(1), pages 71-86, January.
26. David Miles, 1998. "An International Study of Efficiency and Risk in Money Markets," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 1(03), pages 389-424.
27. David Miles, 1997. "Financial markets, ageing and social welfare," Fiscal Studies, Institute for Fiscal Studies, vol. 18(2), pages 161-187, May.
28. Miles, David, 1997. "A Household Level Study of the Determinants of Incomes and Consumption," Economic Journal, Royal Economic Society, vol. 107(440), pages 1-25, January.
29. Miles, David, 1995. "Testing for Short Termism in the UK Stock Market: A Reply," Economic Journal, Royal Economic Society, vol. 105(432), pages 1224-1227, September.
30. Miles, David, 1995. "Optimal regulation of deposit taking financial intermediaries," European Economic Review, Elsevier, vol. 39(7), pages 1365-1384, August.
31. Chowdhury, Gopa & Green, Christopher & Miles, David, 1994. "U.K. Companies' Short-Term Financial Decisions: Evidence from Company Accounts Data," The Manchester School of Economic & Social Studies, University of Manchester, vol. 62(4), pages 395-411, December.
32. Miles, David K, 1994. "Economic Issues in the Regulation of Mutual Financial Firms: The Case of U.K. Building Societies," The Manchester School of Economic & Social Studies, University of Manchester, vol. 62(3), pages 227-250, September.
33. Miles, David, 1993. "Testing for Short Termisn in the UK Stock Market," Economic Journal, Royal Economic Society, vol. 103(421), pages 1379-1396, November.
    • David Miles, 1992. "Testing for short-termism in the UK stock market," Bank of England working papers 4, Bank of England.
34. Miles, David K, 1993. "House Prices, Personal Sector Wealth and Consumption: Some Conceptual and Empirical Issues," The Manchester School of Economic & Social Studies, University of Manchester, vol. 61(0), pages 35-59, Suppl..
35. Miles, David, 1992. "Housing and the Wider Economy in the Short and Long Run," National Institute Economic Review, National Institute of Economic and Social Research, vol. 139, pages 64-78, February.
    • David Miles, 1992. "Housing and the Wider Economy in the Short and Long Run," National Institute Economic Review, National Institute of Economic and Social Research, vol. 139(1), pages 64-78, February.
36. Hall, Stephen G & Miles, David K, 1992. "Measuring Efficiency and Risk in the Major Bond Markets," Oxford Economic Papers, Oxford University Press, vol. 44(4), pages 599-625, October.
37. Miles, David, 1992. "Housing markets, consumption and financial liberalisation in the major economies," European Economic Review, Elsevier, vol. 36(5), pages 1093-1127, June.
38. Miles, David K, 1991. "What Is Different about Financial Firms?," The Manchester School of Economic & Social Studies, University of Manchester, vol. 59(1), pages 64-79, March.
39. Hall, Stephen G & Miles, David K & Taylor, Mark P, 1989. "Modelling Asset Prices with Time-Varying Betas," The Manchester School of Economic & Social Studies, University of Manchester, vol. 57(4), pages 340-356, December.
    RePEc:bla:ecpoli:v:18:y:2003:i:37:p:573-613 is not listed on IDEAS

Chapters

1. David Miles & Jochen Schanz, 2013. "The Relevance or Otherwise of the Central Bank's Balance Sheet," NBER Chapters, in: NBER International Seminar on Macroeconomics 2013, pages 103-116, National Bureau of Economic Research, Inc.
   • David K. Miles & Jochen Schanz, 2014. "The Relevance or Otherwise of the Central Bank's Balance Sheet," CESifo Working Paper Series 4615, CESifo.
   • Miles, David & Schanz, Jochen, 2014. "The Relevance or Otherwise of the Central Bank's Balance Sheet," CEPR Discussion Papers 9812, C.E.P.R. Discussion Papers.
   • Miles, David & Schanz, Jochen, 2015. "The relevance or otherwise of the central bank’s balance sheet," Discussion Papers 41, Monetary Policy Committee Unit, Bank of England.
2. David Miles & Ales Cerny, 2004. "Alternative pension reform strategies for Japan," Chapters, in: Toshiaki Tachibanaki (ed.), The Economics of Social Security in Japan, chapter 4, Edward Elgar Publishing.

Books

1. Hans-Peter Burghof & Carola Müller, 2016. "The state as an intermediary to foster long-term investments:the case of the targeted European savings account," SUERF Studies, SUERF - The European Money and Finance Forum, number 2016 No 1 edited by Hans-Peter Burghof, May.
2. Howard Davies & David Miles & Charles Goodhart & Harald Benink & Patricia Jackson & David T. Llewellyn & Thomas F. Huertas & Colette Bowe & Mike Power & Clément Wyplosz, 2016. "Banking Reform," SUERF Studies, SUERF - The European Money and Finance Forum, number 2016/2 edited by Patricia Jackson, May.
3. Howard Davies & David Miles & Forrest Capie & Alex Cukierman & Jakob de Haan & Sylvester Eijffinger & Charles Goodhart & Ronald Mahieu & Aleksandra Maslowska-Jokinen & Anna Matysek-Jedrych & Martin Me, 2016. "Central banking and monetary policy: Which will be the post-crisis new normal? Abstract: Central Bankers are currently facing big challenges in designing and implementing monetary policy, as well as w," SUERF Studies, SUERF - The European Money and Finance Forum, number 2016/4 edited by Ernest Gnan and Donato Masciandaro, May.
4. Callan, Tim & Brick, Aoife & Durkan, Joe & Keane, Claire & Lane, Marguerita & Miles, David & Nolan, Anne & Nolan, Brian & O'Leary, Jim & Walsh, John R., 2010. "Budget Perspectives 2011," Research Series, Economic and Social Research Institute (ESRI), number RS18.
5. Miles, David & Myles, Gareth & Preston, Ian (ed.), 2003. "The Economics of Public Spending," OUP Catalogue, Oxford University Press, number 9780199260331.