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Description: Papers presented at the MMF Conference, University of Cambridge, 10-12 September 2003
Series handle: RePEc:mmf:mmfc03
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Content
2004
- 112 Collateral constraints in a monetary framework with flexible prices (updated version awaited)
by Haiping Zhang
- 111 Alternative explanations for US inflation performance, 1961-2000
by Charles Weise
- 110 Taylor Rules: intercepting expectations
by Mark Weder
- 109 Endogenous business cycles and growth
by Klaus Walde
- 108 Active monetary policy, passive fiscal policy and the value of pure debt: some further monetarist arithmetic
by Leopold von Thadden
- 107 A vectorautoregressive investment model (VIM) and monetary policy transmission: panel evidence from German firms
by Ulf von Kalckreuth
- 106 Macroeconomic evolution aftera shock: the role of financial intermediation
by Dmitri Vinogradov
- 105 The consistent framework of Canadian macroeconomic policies: a good example for the European monetary union
by Virginie Traclet
- 104 Recursive global games
by Flavio Toxvaerd & Chryssi Giannitsarou
- 103 The interaction of fiscal and monetary policies: some evidence using structural econometric models'
by Patrizio Tirelli & V. Anton Muscatelli & Carmine Trecroci
- 102 The consumption-real exchange rate anomaly
by Christoph Thoenissen & Gianluca Benigno
- 101 Measuring trend growth: how useful are the great ratios?
by Jonathan Temple & Cliff Attfield
- 100 Private information of the Fed, predictability of stock returns and expected monetary policy
by Bedri Tas
- 99 Optimal monetary policy and productivity growth
by Andrea Tambalotti
- 98 Long-term public finance report: an analysis of fiscal sustainability
by Julie Tam
- 97 The expenditure switching effect and fixed versus floating exchange rates
by Alan Sutherland & Ozge Senay
- 96 Measuring the time-inconsistency of US monetary policy
by Paolo Surico
- 95 Monetary integration and inflation preferences: a real options analysis
by Frank Strobel
- 94 Demand and supply in the ECB's main refinancing operations
by Livio Stracca & Clara Martin Moss & Livio Stracca
- 93 Structural uncertainty and central bank conservatism: the ignorant should keep their eyes shut
by Michael Spagat & Joao Mauricio Rosal
- 92 Epidemiological expectations and consumption dynamics
by Martin Sommer & Christopher Carroll
- 91 Evidence on purchasing power parity from univariate models: the case of smooth transition trend-stationarity
by Robert Sollis
- 90 Testing for nonlinear cointegration between stock prices and dividends
by Andy Snell & George Kapetanios & Yongcheol Shin
- 89 Macroeconomic sources of equity risk
by P. N. Smith
- 88 Can menu costs justify inflation? Or, might positive inflation targets be right after all?
by Peter Sinclair
- 87 The fiscal smile - on the effectiveness and limits of fiscal stabilizers
by Maria Silgoner & Jesus Crespo Cuaresma & Gerhard Reitschuler
- 86 Transmission parameter uncertainty and heterogeneity in EMU: which federal monetary policy for the ECB?
by Marc-Alexandre Senegas & Paul De Grauwe
- 85 The forward unbiasedness hypothesis and the forward premium: a nonlinear analysis
by Sofiane Sekioua
- 84 Why is the index smile so steep?
by Christian Schlag & Nicole Branger
- 83 On the relevance of open market operations for the short-run effects of monetary policy
by Andreas Schabert
- 82 Inflation targeting and monetary analysis in Chile and Mexico
by Jose Sanchez-Fung
- 81 Does stricter employment protection legislation deter FDI?
by Martin Robson & Roxana Radulescu
- 80 Nonlinearity in testing for fiscal sustainability
by Roberto Ricciuti
- 79 Risk factors of inflation-indexed and conventional government bonds and the APT
by Andreas Reschreiter
- 78 Optimal dynamic taxation with indivisible labor
by Thomas Renstrom & Parantap Basu
- 77 Dynamic optimal taxation with human capital
by Leslie Reinhorn
- 76 Exchange rate regime switching in favourable period: lessons from Asia for central and eastern European countries
by Christelle Puibasset
- 75 Consumers' expenditure, durables and dynamics: the UK consumption ECM redux
by Simon Price & Andrew Blake
- 74 Imperfect information and the excess sensitivity of private consumption to government expenditures
by Lorenzo Pozzi
- 73 Fiscal, monetary and wage policies in a MU: is there a need for fiscal rules?
by Luca Onorante
- 72 The impact of imperfect credibility in a transition to price stability
by Anamaria Nicolae & Charles Nolan
- 71 Trade costs, market integration, and macroeconomic volatility
by Kanda Naknoi
- 70 Consumer credit conditions in the UK
by John Muellbauer & Emilio Fernandez-Corugedo
- 69 Evaluating currency crises: the case of the European Monetary System
by Kostas Mouratidis & Nicola Spagnolo
- 68 The problems of learning and indeterminacy in inflation targeting based on constant interest rate projections
by Kaushik Mitra & Seppo Honkapohja
- 67 Reconsidering the evidence: are Eurozone business cycles converging?
by James Mitchell & Michael Massmann
- 66 Effects of the exchange-rate regime on trade: the role of price setting
by Alexander Mihailov
- 65 Modelling long memory and risk premia in Latin American sovereign bond markets
by Alfonso Mendoza
- 64 Is collateralised borrowing an amplification mechanism?
by Roland Meeks
- 63 Non-linear predictability of UK stock market returns
by David McMillan
- 62 The informational content of empirical measures of real interest rate and output gaps for the United Kingdom
by Jack McKeown & Jens McKeown
- 61 Investments, financial structure and insiders' control of the cash-flow: an intertemporal discrete-time framework and a qualitative analysis
by Marco Mazzoli
- 60 Optimising microfoundations for observed inflation persistence
by Richard Mash
- 59 Nonlinear inflation dynamics: evidence from the UK
by Christopher Martin & Michael Arghyrou & Costas Milas
- 58 Fixed exchange rates, monetary policy and macroeconomic interdependence'
by Chris Marsh
- 57 Aid, governance, and private foreign investment: some puzzling findings and a possible explanation
by Matthias Lutz & Philipp Harms
- 56 Monetary policy rules to preclude booms and busts
by Olivier Loisel
- 55 Bidder behaviour in repo auctions without minimum bid rate: evidence from the Bundesbank
by Tobias Linzert & Dieter Nautz & Jorg Breitung
- 54 Net foreign assets, interest rate policy, and macroeconomic stability
by Ludger Linnemann & Andreas Schabert
- 53 Measuring the effect of money: test, estimation and identification
by Mau-Ting Lin
- 52 Business survey forecasts and measurement of output trends in five European economies
by Kevin Lee & Kalvinder Shields
- 51 Active and passive monetary policy in a non-Ricardian world
by Tatiana Kirsanova
- 50 A note on timeless perspective policy design
by Tatiana Kirsanova
- 49 Don't break the habit: structural stability tests of consumption models in the UK
by Stuart Hyde & Mohamed Sherif
- 48 A joint econometric model of macroeconomic and term structure dynamics
by Peter Hordahl & Oreste Tristani & David Vestin
- 47 Sticky prices, labour market rigidities and exchange rate puzzles
by Richard Holt
- 46 Bank lending and property prices: some international evidence
by Boris Hofmann
- 45 Saving, investment and the net foreign asset position
by Mathias Hoffmann
- 44 Central bank communication and interest rate rules
by Marco Hoeberichts
- 43 Inflation and human capital formation: theory and panel data evidence
by Freddy Heylen & Arne Schollaert & Gerdie Everaert & Lorenzo Pozzi
- 42 Monetary policy uncertainty and unionized labour markets
by Bernd Hayo & Hans Peter Gruner & Carsten Hefeker
- 41 Public expenditure and growth in developing countries: education is the key
by Mohammad Haque & Niloy Bose & Denise R. Osborn
- 40 Information asymmetry: private knowledge beats collateral in reducing the information wedge
by Aoife Hanley & Jonathan Crook
- 39 Foreign direct investment and exchange rate uncertainty in imperfectly competitive industries
by Sylvia Gottschalk & R. Barrel & S.G. Hall
- 38 Customer switching behaviour and competition
by Celine Gondat-Larralde
- 37 The Red May effect in the Chinese stock market
by Eric Girardin
- 36 Supply-side reforms and learning dynamics
by Chryssi Giannitsarou
- 35 Inside the black box: permanent vs transitory components and economic fundamentals
by Anthony Garratt & Donald Robertson & Stephen Wright
- 34 International financial rescues and debtor country moral hazard
by Prasanna Gai & Ashley Taylor
- 33 Exchange rate uncertainty and labour market adjustment under fixed and flexible exchange rates
by Michael Funke & Yu-Fu Chen
- 32 A new interpretation of the real exchange rate - yield differential nexus
by Ana-Maria Fuertes & Jerry Coakley & Andrew Wood
- 31 US share prices and real demand and supply shocks
by Patricia Fraser & Nicolaas Groenewold
- 30 Inflation, inflation uncertainty, and a common European Monetary Policy
by Stilianos Fountas & Alexandra Ioannidis & Menelaos Karanasos
- 29 Modelling the demand for emerging market assets
by Valpy FitzGerald & Derya Krolzig
- 28 Monetary policy in a world with different financial systems
by Ester Faia
- 27 UK business investment: long-run elasticities and short-run dynamics
by Colin Ellis & Simon Price
- 26 Exchange rates, commodities and the implications of volatility in a small open economy world
by Rebecca Driver & Stephen Millard
- 25 Macro factors and the term structure of interest rates
by Hans Dewachter
- 24 Money creation in a random matching model
by Alexei Deviatov
- 23 Central bank transparency in theory and practice
by Maria Demertzis & Andrew Hughes Hallett
- 22 Taxing capital income in a perpetual youth economy
by Valeria De Bonis & Lusa Spataro
- 21 Exchange rate regime classification and real performances: new empirical evidence
by Olivier Darne & Laetitia Ripoll-Bresson
- 20 Realized volatility and minimum capital requirements
by John Cotter
- 19 The Balassa-Samuelson effect in an imperfectly competitive economy: empirical evidence for G7 countries
by Javier Coto-Martinez & Juan C. Reboredo
- 18 Endogenous markups and fiscal policy
by Luis Costa
- 17 The Feldstein-Horioka puzzle is not as bad as you think
by Jerry Coakley & Ana-Maria Fuertes & Fabio Spagnolo
- 16 Testing for the uncovered interest parity using distributions implied by FX options
by Martin Cincibuch & David Vavra
- 15 Assessing money supply rules
by Ibrahim Chowdhury & Andreas Schabert
- 14 Option value, policy uncertainty, and the foreign direct investment decision
by Yu-Fu Chen & Michael Funke
- 13 The impact of the cost of capital and of the decision to invest or to divest on investment behaviour: an empirical investigation using a panel of French services firms
by Jean-Bernard Chatelain & Jean-Christophe Teurlai
- 12 Describing the Fed's conduct with simple Taylor rules: is interest rate smoothing important?
by Efrem Castelnuovo
- 11 Habit formation and its implications for small open economies
by Rodrigo Caputo
- 10 Stock market development and economic growth: a matter of informational problems
by Salvatore Capasso
- 9 Testing financial constraints on firm investment using variable capital
by Andrea Caggese
- 8 Is volatility risk priced? Properties of tests based on option hedging errors
by Nicole Branger & Christian Schlag
- 7 Openness and the output-inflation tradeoff
by Christopher Bowdler
- 6 French exchange rate management in the mid-1920s: lessons drawn from new evidence
by Bertrand Blancheton
- 5 Vector autoregressive models versus neural networks in forecasting: an application to Euro-inflation and divisia money
by Jane Binner & Rakesh Bissoondeeal & Thomas Elger & Alicia Gazely & Andrew Mullineux
- 4 Foreign direct investment in industrial R&D and exchange rate uncertainty in the UK
by Bettina Becker & Stephen Hall
- 3 Benchmarks and targets under the SGP; evaluating safe deficit targets and automatic stabilisers using NiGEM
by Ray Barrell & Ian Hurst
- 2 Non-linear and non-symmetric exchange-rate adjustment: new evidence from medium- and high-inflation economies
by Michael Arghyrou & Virginie Boinet & Christopher Martin
- 1 Money market rates and implied CCAPM rates: some international evidence
by Yamin Ahmad