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Working papers
Archive (1974 - 1998)
Archive (1974 - 1998)
1998 Working papers
No.399: A Tragedy Of The Clubs: Excess Entry in Exclusive Coalitions
Paola Manzini, Marco Mariotti
No.398: The Chain Reaction Theory of Unemployment: How Unemployment Moves in the Medium Run
Marika Karanassou, Dennis J. Snower
No.397: Adjustment Dynamics and the Natural Rate: An Account of the UK Unemployment
B. Henry, Marika Karanassou, Dennis J. Snower
No.396: The Unequal Distribution of Unequal Pay - An Analysis of the Distribution of the Gender Wage Gap
D. Bonjour, M. Gerfin
No.395: A Behavioral Approach to a Strategic Market Game
M. Shubik, N.J. Vriend
No.394: "From Exchange It Comes to Tears". A Dutch Folk Theorem Reconsidered
Nicolaas J. Vriend
No.393: Research Report 1997
R. Disney
No.392: Welfare Improving Contracts in Cournot Markets
E. Catilina
No.391: Dynamic Responses of Private Sector Productivity to Public Infrastructure
E.C. Mamatzakis
No.390: A Bivariate FIGARCH Model of Crude Oil Price Volatility
C. Brunetti , C.L. Gilbert
No.389: Sharp Filters for Business-Cycle Analysis
D.S.G. Pollock
No.388: An Experimental Study of Adaptive Behavior in an Oligopolistic Market Game
R. Nagel , N.J. Vriend
No.387: An Illustration of the Essential Difference between Individual and Social Learning, and its Consequences for Computational Analyses
Nicolaas J. Vriend
No.386: Does the Sector Bias of Skill-Biased Technical Change Explain Changing Wage Inequality?
J.E. Haskel , M.J. Slaughter
No.385: Methodology for Trend Estimation
D.S.G. Pollock
No.384: Computers and the Demand for Skilled Labour: Industry and Establishment-Level Panel Evidence for the UK
J.E. Haskel , Y. Heden
No.383: A Bargaining Model of Farrell Inefficiency
J.E. Haskel, A. Sanchis
No.382: On Macro Modelling of Transition Economies
Duo Qin
No.381: EU Participation and the External Trade of Greece: An Appraisal of the Evidence
M.G. Arghyrou
No.380: Incentives, Allocation and Labour-Market Reforms During Transition: The Case of Urban China, 1986-1990
D.P. Coady, L. Wang
No.379: Do Boundedly Rational People Imitate?
A. Bosch-Domènech, N.J. Vriend
No.378: Trend Estimation and De-Trending Using Bidirectional Filtering
D.S.G. Pollock
No.377: Soft Budget Constraint and the Optimal Choices of R&D Projects Financing
H. Huang, C. Xu
No.376: Trading Volume, Open Interest, and Price Volatility on the LIFFE Cocoa Market
C.L. Gilbert
1997 Working papers
No.375: Does Privatisation Remove Working Practices? Evidence from UK Establishments
A. Sanchis
No.374: A Model of Bargaining with the Possibility of Arbitration
P. Manzini, M. Mariotti
No.373: Casual Relationships Between Public Expenditure, Public Receipts and Gross Domestic Product: The Case of Greece
M.G. Arghyrou
No.372: The Interaction of Fiscal and Monetary Policies in a World with Uncertainty
C. Beddies
No.371: Determinants of Capital Flight and Implications for Policy
D. Trinder
No.370: Earnings' Inequality During Transition: Urban China 1986-1990
D.P. Coady, L. Wang
No.369: The Error Term in the History of Time Series Econometrics
D. Qin, C.L. Gilbert
No.368: A Critique on Macroeconometric Modelling of Structural Changes
D. Qin
No.367: Evolution of Industrial Interdependence in Chile: 1960-90. A Comparison with Taiwan and South Korea
J.M. Albala-Bertrand
No.366: Cournot-Nash Equilibria in Limit Exchange Economies with Complete Markets and Consistent Prices
G. Codognato, S. Ghosal
No.365: Research Report 1996
R. Disney
No.364: Privatisation and Strategic Monitoring
B. Nomer, R. Disney, C.J. Ellis
No.363: Informed Futures Market Speculation: Coffee and Cocoa, 1993-95
C.L. Gilbert
No.362: Greece and the European Monetary Union: An Explorative Essay
I.A. Mourmouras, M.G. Arghyrou
No.361: Decentralised Policymaking in a Game-Theoretic Model with Capital Accumulation
I.A. Mourmouras, S. Ghosh
No.360: Central Bank Independence: A Review of Theories
I.A. Mourmouras
No.359: Buyers' and Sellers' Cartels on Markets with Indivisible Goods
F. Bloch, S. Ghosal
1996 Working papers
No.358: Exchange Controls, Macroeconomic Integration and the Interdependence of European Equity Markets
P.L. Chelley-Steeley, J.M. Steeley
No.357: Non-ferrous Metals Price Volatility: A Fractionally Integrated Process?
G.P. Teyssière, C.L. Gilbert, C. Brunetti
No.356: Estimation of Polynomial Trends
D.S.G. Pollock
No.355: Data Transformation and De-Trending in Econometrics
D.S.G. Pollock
No.354: Structural Change in Chile: 1960-1990. An Input-Output Approach
J.M. Albala-Bertrand
No.353: Research Report 1995
No.352: Two Essays on the Methodology of Econometrics
C.L. Gilbert, D. Qin
No.351: Is the European Social Model Fragmenting?
J. Grahl, P. Teague
No.350: Price Inertia in OECD Countries
C. Martin
No.349: Alternative Models for Estimating Real Interest Rates and the Real Term Structure from U.K. Index-Linked Bonds
C.L. Gilbert
No.348: Double Long-Memory Financial Time Series
G. Teyssière
No.347: Are Metals Prices Becoming More Volatile?
C. Brunetti, C.L. Gilbert
No.346: Consumption and Asset Pricing: What Do UK Data Tell Us?
A. Roy
No.345: The Measurability of Budget Related Rent-Seeking
R.J. Allard
1995 Working papers
No.344: The Decline in Unskilled Employment in UK Manufacturing
J.E. Haskel
No.343: Stable Trading Structures in Bilateral Oligopolies
F. Bloch, S. Ghosal
No.342: Monetary Policy Delegation and Optimal Wage Indexation
I. Mourmouras
No.341: Monetary Policy Credibility, Inflation and Long-Run Growth
I. Mourmouras
No.340: The Role of Temporal Aggregation in Asset Pricing Tests
A. Roy
No.339: A Satisficing Model of Learning in Extensive Form Games
Y. Kim
No.338: Stabilisation Policy and Unemployment in Imperfectly Competitive Economies
C. Martin, G.J. Bratsiotis
No.337: Should the UK Adopt the Social Chapter?
C. Martin, B. Kersley
No.336: Regions and Citizenship in the European Union
J. Grahl
No.335: Fourier Methods: A Survey
D.S.G. Pollock
1994 Working papers
No.334: Efficiency Wages and Labour Demand
C. Martin
No.333: Inflation, Exchange Rates and Central-Bank Policy in a Transition Economy: An Analysis of the Latvian Experience, 1992-1994
A. Vanags, J. Garry
No.332: Lectures in Time-Series Analysis and Forecasting. Book I. (reprint of Working Paper No. 289)
D.S.G. Pollock
No.331: The Price of Justice: Regulating the Market for Civil Justice
H. Gravelle
No.330: Changing Quality
L. Filippini
No.329: Cartels, Contracts and Centralization: The Transition to Futures Trading for Primary Commodities
J.E. Haskel, A. Powell
No.328: Do Other Firms Matter in Oligopolies?
J.E. Haskel, P. Scaramozzino
No.327: Aggregate Demand and Agricultural Output in a Developing Economy: The Short Run
R. Hopkins
No.326: Linear Filters: A Survey
D.S.G. Pollock
No.325: Nonoptimal Nash Bargaining Solutions
M. Mariotti
No.324: Price Formation in an Open Economy Theory and Evidence for the UK, 1951-91
C. Martin
No.323: Should the UK adopt the Social Chapter?
C. Martin, B. Kersey
No.322: Changes in Political Regimes, Wage-Setting, and the Path of the Optimal Exchange Rate
G. Bratsiotis
No.321: Unanimity and the Nash Bargaining Solution
M. Mariotti
No.320: Why the Greek Government Must Grant Political and Economic Independence to the Central Bank of Greece
I. Mourmouras
No.319: Four Essays in the Theory of Macroeconomic Policy
I. Mourmouras
No.318: Has Bayesian Estimation Principle Ever Used Bayes' Rule?
D. Qin
No.317: Risk Aversion and the Full Costs of Rent-Seeking
R.J. Allard
No.316: Disequilibrium Policy Effects on Money Demand Relationship: Evidence from Three Economies
D. Qin
No.315: Will Skill Shortages End the Recovery?
J.E. Haskel, C. Martin
No.314: Bayesian Inference and Asset Pricing
A. Roy
No.313: Duration Modeling with Unobserved Heterogeneity with Applications to Vacancies in Marseilles
G. Teyssière
No.312: Time Series Analysis of Market Power: Evidence from G-7 Manufacturing
M. Beccarello
No.311: The Political Economy of Exchange Rate Management
C.L. Gilbert
No.310: Is the Fisher Effect Real? Evidence from UK Real and Nominal Bonds
C.L. Gilbert , S. Yeoward
No.309: Is UK Manufacturing Leaner and Fitter?
J.E. Haskel, C. Martin
No.308: The Winners and Losers from UK Privatisation
J.E. Haskel
No.307: Turnover Costs and the Labour Demand Curve
C. Martin
1993 Working papers
No.306: Independence and Monotonicity in Axiomatic Bargaining Theory
M. Mariotti
No.305: Privatisation and X-inefficiency: A Bargaining Approach
J.E. Haske, A. Sanchis Llopis
No.304: Metaphors for Time-Series Analysis
D.S.G. Pollock
No.303: On "On the Interpretation of the Nash Bargaining Solution and its Extension to Non-Expected Utility Preference" by A. Rubinstein, Z. Safra & W. Thomson
M. Mariotti
No.302: Rise of Bayesian Econometrics
D. Qin
No.301: Specification of Stochastic Contests: Tournaments, Patent Races and Lotteries
R.J. Allard
No.300: Skill Shortages, Productivity Growth and Wage Inflation in UK Manufacturing
J.E. Haskel, C. Martin
No.299: Staggered and Synchronous Wage Contracts: Supply Shocks, Union and Bank Preferences, and Macroeconomic Performance
G.J. Bratsiotis
No.298: Matching Process in the Labour Market in Marseilles. An Econometric Study
G. Teyssière
No.297: Unions Cash Flow and Investment Decisions: Evidence from Italian Firm Data
G. Urga
No.296: Can Excess Sensitivity Be Interpreted as the Proportion of Income Accruing to Liquidity Constrained Consumers?
A. Lopez Mejia
No.295: Near Rationality and the Consumption Function: The U.K. Evidence
A. Lopez Mejia
No.294: The Spatial Peak-Load Problem of Mass Transit Networks
A. Vanags, J. Carbajo
No.293: The Nash Solution and Independence of Revealed Irrelevant Alternatives
M. Mariotti
No.292: Panel Data vs Time Series Regression Analysis: An Aggregation Issue
G. Urga, G. Parigi
No.291: Smoothing with Cubic Splines
D.S.G. Pollock
No.290: Untitled
D.S.G. Pollock
No.289: Lectures in Time-Series Analysis and Forecasting. Book I
D.S.G. Pollock
No.288: Stability Conditions for Linear Stochastic Models
D.S.G. Pollock
No.287: The Misspecification of Dynamic Regression Models
D.S.G. Pollock
No.286: The Effects of Privatisation, Restructuring and Competition on Productivity Growth in UK Public Corporations
J.E. Haskel, S. Syzmanski
1992 Working papers
No.285: Balanced Equilibrium: A Theory of Behaviour in Games
M. Mariotti
No.284: On the Decision Theoretic Foundations of Game Theory
M. Mariotti
No.283: A Difficulty with the Theory of Social Situations
M. Mariotti
No.282: The Econometrics of Panel Data: A Selective Introduction
G. Urga
No.281: Money Demand in China: The Effect of Economic Reform
D.Quo , T. Wang, M. Zhou, G. Liu
No.280: On Commons' Tragedies and Myopic Preemption: the Case of a Fishery
J. Pena
No.279: Deficits, Money Growth and Inflation in Italy 1865-1990
C. Favero, F. Spinelli
No.278: Natural Disasters in Latin America: Economic Patterns and Performance Rules
J.M. Albala-Bertrand
No.277: Price, Marginal Cost and the Business Cycle
J.E. Haskel, C. Martin, I. Small
No.276: Price Flexibility and Market Structure: A Critique and new results for the UK
J.E. Haskel, C. Martin
No.275: Agricultural, Exchange Rates and Macroeconomic Policy in a Developing Economy. The Case of Peru
R. Hopkins
No.274: Central Bank Independence, Policy Reforms and the Credibility of Public Debt Stabilizations
I. Mourmouras, D.M. Su
No.273: UK Privatisation: Process and Outcomes
J.E. Haskel
No.272: Should Governments Learn to Live with Inflation?: Comment on Fischer and Summers
I. Mourmouras
No.271: Why Did UK Manufacturing Profitability Rise over the 1980s?
J.E. Haskel
No.270: Error Correction and Forward-looking Models for the U.K. Consumers' Expenditure
C. Favero
No.269: Contract Markets & Competition: A Note
J.E. Haskel, A. Powell
No.268: Are Natural Disaster Situations a Formidable Obstacle to Growth? A Macroeconomic Model
J.M. Albala-Bertrand
No.267: Productivity Growth and Measurement Error
I. Small
No.266: The Costs of Commodity Price Uncertainty and Instability
A. Powell
No.265: Is the Picture of Unemployment Changing?
T. Butcher
No.264: Inflation, Adjustment Costs and Price-Cost Margins
C. Martin
No.263: Price Adjustment and Market Structure
C. Martin
No.262: Involuntary Unemployment - A Historical Note
B.A. Corry
No.261: Trading Forward in an Imperfect Market: The Case of Electricity in Britain
A. Powell
No.260: Do Skill Shortages Reduce Productivity? Theory and Evidence from the UK
C. Martin, J.E. Haskel
No.259: Unconstrained Optimisation
D.S.G. Pollock
No.258: Trade Unions and Liberalisation of International Trade
J. Driffill, F. van der Ploeg
No.257: Construction of an Input-output Table of the Guatemalan Economy
V. Bulmer-Thomas, D. Martin
No.256: Uncertainty and Irreversible Investment an Empirical Analysis of Development of Oil Fields in the UKCS
C. Favero, M.H. Pesaran, S. Sharma
No.255: Life after Debt - The New Economic Trajectory in Latin America
V. Bulmer-Thomas
No.254: No Win, No Fee : Some Economics of Contingent Legal Fees
H. Gravelle, M. Waterson
No.253: Privatisation, Liberalisation, Wages and Employment: Theory and Evidence for the UK
J.E. Haskel, S. Szymanski
No.252: Privatization, Jobs and Wages
J.E. Haskel, S. Szymanski
No.251: Capacity and Competition: Empirical Evidence on UK Panel Data
J.E. Haskel, C. Martin
No.250: The Economic Consequences of Skill Shortages
J.E. Haskel, C. Martin
No.249: Some Analytical Patterns of Disaster
J.M. Albala-Bertrand
No.248: Commodity Markets, Commodity Futures and International Commodity Policy
C.L. Gilbert
No.247: A Conceptual Framework for the Analysis of Disasters in Economy and Society
J.M. Albala-Bertrand
1991 Working papers
No.246: A Synopsis of the Smoothing Formulae Associated with the Kalman Filter
H.R. Merkus, D.S.G. Pollock, A.F. de Vos
No.245: Product Price and Advice Quality: Implications of the Commission System in Life Assurance
H.S.E. Gravelle
No.244: Remunerating Information Providers: Commissions versus Fees in Life Assurance
H.S.E. Gravelle
No.243: Productive Structures: Mexico and the NICs. An Intertemporal and International Study
F. Aroche-Reyes
No.242: Macroeconomic Policy & Game Theory
J. Driffill
No.241: A Solution to the Problem of Input-output Matrix Triangularization
O. Haltia
No.240: Should Marketing Boards Stabilize Prices through Forward Purchases?
C.L. Gilbert
No.239: Excess Smoothness, Excess Sensitivity of Consumption and Financial Liberalization: The U.K. Evidence
A. Lopez-Mejia
No.238: Cancelled
No.237: On Wage Indexing, Policy Credibility and Inflation
I. Mourmouras
No.236: Margins Concentration Unions and the Business Cycle: Theory and Evidence for Britain
C. Martin, J.E. Haskel
No.236: Margins Concentration Unions and the Business Cycle: Theory and Evidence for Britain
C. Martin, J.E. Haskel
No.234: Combined Search/Experience Products: Does Too Much Competition Distort R&D?
R.J. Allard
No.233: Lagged Dependent Variables Distributed Lags and Autoregressive Residuals
D.S.G. Pollock
No.232: Nonlinear Optimisation
D.S.G. Pollock
No.231: Domestic Price Stabilization Policies for Developing Countries
C.L. Gilbert
No.230: Consumption and the Sale of the Crown's Land
C.A. Favero
No.229: Taxation and the Optimization of Oil Exploration and Production: The U.K. Continental Shelf
C. Favero
No.228: On the Criteria Function for Arma Estimation
D.S.G. Pollock
No.227: An Index for Multivariate Statistical Analysis
D.S.G. Pollock
1990 Working papers
No.226: The Causes of Skill Shortages in Britain
J.E. Haskel, C. Martin
No.225: The Efficiency Implications of Cost Shifting Rules
H.S.E. Gravelle
No.224: Stabilization Policy and the Real Effects of Nominal Shocks
C.A. Favero, F.C. Bagliano
No.223: Oil Investment in the North Sea
C.A. Favero, H.S. Pesaran
No.222: Imperfect Competition, Work Practices and Productivity Growth
J.E. Haskel
No.221: Pricing and Product Market Structure in Open Economies
C. Martin, G. Agolosskouf
No.220: Testing the Lucas Critique: A Review
C.A. Favero, D.F. Hendry
No.219: The Choice of Invoicing Currency in International Trade: A New Approach
C. Tsoukis
No.218: The Inter-Industry Wage Structure: Evidence for Britain
J.E. Haskel, C. Martin
No.217: External Constraints on European Unemployment
G. Alogosskoufis, C. Martin
No.216: The Efficiency of Rationing by Waiting for Health Care
H.S.E. Gravelle
No.215: An Economic Evaluation of the Screening for Hearing Loss in Infants
J. Brown
No.214: Skill Shortages, The Goods Market & UK Employment
C. Martin
1989 Working papers
No.213: Changes in Regime and the Term Structure: A Note
J. Driffill
No.212: Testing the Lucas Critique: A Review
C.A. Favero, D.F. Hendry
No.211: Comparative Advantage in the Provision International Transport Services
A. Vanags
No.210: Rationing Trials by Waiting: Welfare Implications
H.S.E. Gravelle
No.209: Unemployment Compensation and Labour Market Transitions: A Critical Review
A.B. Atkinson, J. Micklewright
No.208: The Response of Primary Commodity Prices to Exchange Rate Changes
C.L. Gilbert
No.207: Difficulties in Reading Menger
M. Alter
No.206: Do Economics Test Theories - Demand Analysis and Consumption Analysis as Tests of Theories of Economic Methodology
C.L. Gilbert
No.205: The Welfare Economics of Controls on Commissions
H.S.E. Gravelle
No.204: Futures Trading, Storage and Price Stabilization
C.L. Gilbert
No.203: A Mixed-Radix Fast Fourier Transform and a Base-2 Fast Fourier Transform
D.S.G. Pollock
No.202: The Misspecification of Arma Models
D.S.G. Pollock
No.201: Biquadratic Functions: Stationary and Invertibility in Estimated Time-Series Models
D.S.G. Pollock
No.200: Insurance Law and Adverse Selection
H.S.E. Gravelle
No.199: An Exposition of Some Basic Analytics of Observability in Insurance Contracts
H.S.E. Gravelle
No.198: Rationing Access to Civil Justice: Implications for Reform of the Legal System
H.S.E. Gravelle
No.197: Money Demand Instability, and Rational Expectations Policy Regimes: The Case of Italy: 1964-86
C.A. Favero, F.C. Bagliano
No.196: Is an Error Correction Specification for the Consumption Function Compatible with the Life Cycle-Permanent Income-Rational Expectations Hypothesis? A Negative Answer from U.K. Data
C.A. Favero
No.195: Unemployment and Early School Leaving Evidence from the Family Expenditure Survey 1978-84
J. Micklewright
No.194: Economic Theory and Econometric Models
C.L. Gilbert
No.193: What Do We Know about Menger?
M. Alter
No.192: Modelling Expectations Formation in Primary Commodity Markets
C.L. Gilbert, T. Palaskas
No.191: Price Inflexibility and Market Structure in the Non-agricultural Sector: A Test Using Nigerian Data
A. Salami
No.190: The Occupational Success of Young Men Who Left School at Sixteen
S. Connolly, J. Micklewright, S. Nickell
No.189: The Estimation of Disequilibrium Models with Dispersed Trading
C. Martin
No.188: The Effects of Rationing and Spillovers on Employment in UK Manufacturing
C. Martin
1988 Working papers
No.187: Effective Demands and Spillovers
C. Martin, R. Portes
No.186: Adverse Selection and Insurance Law
H. Gravelle
No.185: Schooling Choice, Educational Maintenance and Panel Attrition
J. Micklewright
No.184: British Economic History, 1945-1987 Broad Historical Narrative
P. Hughes
No.183: Reputation, Cooperation and Ambitious Output in a Two Country World
D. Currie, U. Hoffmeyer
No.182: Monetary and Fiscal Policy in a 'Hartian' Model of Imperfect Competition
N. Rankin
No.181: Disequilibrium Modelling Using Survey Data: The Demand for Corporate Borrowing in the UK
C. Martin
No.180: Effective Demands When Rationing is Stochastic
C. Martin
No.179: Conflict and Cooperation in International Macroeconomic Policymaking: Past Performance and Future Prospects
D. Currie, S. Wren-Lewis
No.178: A Comparison of Alternative Regimes for International Macropolicy Coordination
D. Currie, S. Wren-Lewis
No.177: Should Fiscal Policy Rule the Roost? The Co-ordination of Monetary and Fiscal Policy
D. Currie
No.176: Turning the Screw: Benefits for the Unemployed 1979-1988
J. Micklewright, A. Atkinson
No.175: Reputation and International Coordination: An Analytical Treatment
D. Currie
No.174: The Relationship Between Spot and Period Rates in the Dry Bulk Market: Some Tests for the Period 1980-1986
A. Vanags, C. Hale
No.173: Dynamic Advertising, Price and Market Structure
A.K. Tsitouras
No.172: Multiperiod Quality Improvement and R&D
A.K. Tsitouras
No.172a: Corporate Borrowing and Credit Constraints Structural Disequilibrium Estimates for the UK 1964-1984
C. Martin
1987 Working papers
No.171: A Cohort Model of Central Heating Ownership in Great Britain
J. Micklewright
No.170: Towards a Household Model of UK Domestic Energy Demand
J. Micklewright
No.169: Quality Improvement, R&D and Market Structure
A.K. Tsitouras
No.168: The Efficiency Implications of the Allocation of Litigation Costs
H. Gravelle
No.167: Accidents and the Allocation of Legal Costs
H. Gravelle
No.166: Evaluating the Extended Target Zone Proposal for the G3
D. Currie, S. Wren-Lewis
No.165: An International Version of Mundell's Two-Country Flexible Exchange Rates Models with Disequilibrium Microfoundations: Is Policy Interdependence Inevitable?
N. Rankin
No.164: Fuel and the Family Expenditure Survey
J. Micklewright, P. Baker
No.163: The Importance of Unemployment Inflows in Explaining Male Unemployment Duration, GB, 1948-1986
P.R. Hughes
No.162: International Cooperation & Reputation in an Empirical Two-Block Model
D. Currie, P. Levine , N. Vidalisan
No.161: Modelling Energy Demand & Household Welfare Using Micro-Data
J. Micklewright, P. Baker, R. Blundell
No.160: Choice at Sixteen
J. Micklewright
1986 Working papers
No.159: The Price, Output & Exchange Rate-Overshooting Effects of Monetary, Fiscal & Exchange Intervention Policy in a Two-Country Disequilibrium Model
N. Rankin
No.158: The Price, Output & Exchange Rate-Overshooting Effects of Monetary, Fiscal & Exchange Intervention Policy in a Two-Country Disequilibrium Model
P. Hughes, G. Hutchinson
No.157: The History of the UK Public Sector: Aspects of Size and Performance
D.J. Beeton
No.156: A Buffet-Stock Model of Personal Sector Demand for UK Liquid Aggregates
A.J. Edwards
No.155: Why Do Firms Set Prices?
J.S. Cubbin, A. Tsitouras
No.154: Is Unemployment Irreversible?
P. Hughes, G. Hutchinson
No.153: Insurance and Corrective Taxes in the Health Care Market
H.S.E. Gravelle
No.152: The Treasury Model Under Rational Expectations
A.P. Blake
No.151: Approximate Linear Solutions for Non-Linear R.E. Models: A Technique and Some Problems
A.P. Blake
No.150: On the Extension of the "Correspondence Principle" to Perfect Foresight Models
N. Rankin
No.149: On the Size of the Public Sector
D.J. Beeton
1985 Working papers
No.148: Alternative Financial Policy Rules in an Open Economy Under Rational and Adaptive Expectations
R. Whittaker, D. Currie, K. Blackburn, S. Wren-Lewis
No.147: Credibility with Time Inconsistency in a Stochastic World
D. Currie, P. Levine
No.146: Efficiency of the Dollar Foreign Exchange Markets: Monetary News With Systems Estimation & Cross-Equation Parameter Restrictions
G.P. Lyons
No.145: Taxation versus Spending as the Fiscal Instrument for Demand Management: A Disequilibrium Welfare Approach
N. Rankin
No.144: Debt Policy under Fixed and Flexible Prices
N. Rankin
No.143: Price Level Indeterminacy Under an Interest Rate Rule: A Resolution
K. Blackburn, D. Currie
No.142: Is the Growth of Government Inevitable? A Critical Assessment of the "Global" Theories of Public Sector Expansion
D.J. Beeton
No.141: The Elementary Macroeconomic Consequences of Differing Public & Private Sector Wage
M.H. Peston
No.140: Contingent Wage Agreements: The Historical & International Evidence on Their Determinants & Effects
D.J. Beeton
No.139: The Relationship Between Consumers' Expenditure & General Government Expenditure: Some Preliminary Results
D.J. Beeton
No.138: Testing Efficiency on the London International Financial Futures Exchange
G.P. Lyons
No.137: Default Risk and The Price of Punishment
H. Gravelle
No.136: The Balance of Payments Crisis and Adjustment Programmes in Central America
V. Bulmer-Thomas
No.135: Interest Parity, The Degree of Capital Mobility & the Information Contents of the Exchange Rate and the Interest Rate:Clarifications
K. Blackburn
No.134: Wagner's Law & How to Test It: The Growth of Government in the U.K., 1963-78
D.J. Beeton
No.133: Contract Staggering When the Short Side of the Labour Market Determine Employment,and When Wages are Indexed: Variations on a Model of Fethke & Policano
D.J. Beeton
No.132: Untitled
D.S.G. Pollock
1984 Working papers
No.131: The Relevance of Arrow's Impossibility Theory to Bergson-Samuelson Social Welfare Functions
J. Wriglesworth
No.130: Consumption & Income: Some Simple Exercises with Panel Data
A. Drobny, A. Speight
No.129: Macroeconomic Policy Design & Control Theory - A Failed Partnership
D. Currie
No.128: High & Low Inflation Equilibria in a Monetary Rational Expectations Model of Inflation
D. Currie, S. Gazioglu
No.127: Macroeconomic Policy Design in an Interdependent World
D. Currie, P. Levine
No.126: The Optimal Choice of Monetary Target in Some Simple Rational Expectations Models
K. Blackburn
No.125: Time Series Analysis of Mortality and Unemployment
H.S.E. Gravelle
No.124: The Design of Feedback Rules in Linear Stochastic Rational Expectations Models
D. Currie, P. Levine
No.123: Simple Macropolicy Rules for the Open Economy
D. Currie, P. Levine
No.122: The Labour Market in an Equilibrium Business Cycle Model: A Note on Price Inertia
A. Drobny, D. Klonis
No.121: A Stability in an Open Economy Model: A Comparison of Adaptive and Rational Expectations in the Foreign Exchange Market
D. Currie, K. Blackburn
No.120: Rational Expectations Models with Partial Information
D. Currie, J. Pearlman, P. Levine
No.119: Single Profile Impossibilities Without Neutrality
J. Wriglesworth
No.118: The Three Consumer Surpluses as Welfare Measures
J. Wriglesworth, H.S.E. Gravelle
No.117: Price Level Expectations: A Clarification & Critique of Milton Friedman's Natural Rate Hypothesis
A. Drobny, J. Wriglesworth
No.116: The Elementary Macroeconomic Consequences of Differing Public and Private Sector Money Wages
M.H. Peston
No.115: Respecting Individual Rights in Social Choice
A.J. Wriglesworth
No.115: Economic Analysis of Health Service Professions: A Survey for Sociologists
H.S.E. Gravelle
No.114: An Evaluation of Alternative Indictor Regimes for Monetary Policy
D. Currie, P. Levine
No.113: Overlapping Wage Contracts & Exchange Rate Overshooting
D. Currie
No.112: The Alleged Inconsistency of Adam Smith's Theory of Natural Prices - A Reappraisal
B.A. Corry, C.D. Aivalis
No.111: The Changing Picture of Male Unemployment in Great Britain 1972-1981
G. Hutchinson, P. Hughes
No.110: Abstraction, Assumption & Commensuration
S. Mohun, S. Himmelweit
No.109: Exchange Rate & Price Level Volatility Under Partial Information
D. Currie, P. Levine
No.108: A Test of Price Level Stickiness & the Feasibility of Monetary Stabilization
D. Klonis
No.107: Seasonality and the Opportunity Costs of Family Labour in Agriculture
C.P. Bellas
No.106: Union Relative Wage Effects: A Cross Section Analysis Using Establishment Data
D. Blanchflower
No.105: Value Theory
S. Mohun
No.104: Untitled
A. Drobny
No.103: Causality and the Equilibrium Theory of Employment Fluctuation: Results from the U.K
A. Drobny, R. Gausden
1983 Working papers
No.102: Optimal Feedback Rules in an Open Economy Macromodel with Rational Expectations
D. Currie, P. Levine
No.101: An Evaluation of Monetary & Exchange Rate Targets
D. Currie, E. Karakitsos
No.100: Identification of Linear Stochastic Models with Covariance Restrictions
D.S.G. Pollock
No.99: Imperfect Information and Wage Inertia in the Business Cycle: A Comment
D. Currie, J. Pearlman
No.98: Wage Indexing Rules under Variable Labour Supply
D.J. Beeton
No.97: Flows to and from Unemployment: Is the Register Bimodel?
P.R. Hughes
No.96: Economic Development over the Long Run - Central America Since 1920
V. Bulmer-Thomas
No.95: Judicial Review and Public Firms
H.S.E. Gravelle
1982 Working papers
No.94: The Stability of the Cournot Oligopoly Model: Reassessment
A. Ai-Nowaihi, P. Levine
No.93: Stochastic Macroeconomic Policy Simulations for a Small Open Economy
D. Currie, P. Levine
No.92: The Asymptotic Covariance Matrix of the LIML Estimator of Subsystems of a Simultaneous-Equation Model
D.S.G. Pollock
No.91: Structural Instability in a Rational Expectations Model of a Small Open Economy with J Curve
D. Currie
No.90: Bargaining & Efficiency in Public & Private Sector Firms
H.S.E. Gravelle
No.89: The Influence of Minimum Wage Rates on the Level and Distribution of Real Wages in Chile 1960-1972
A. Drobny
No.88: Income Distribution and the Minimum Wage in Brazil
A. Drobny, J. Wells
No.87: A Solution Technique for Discrete and Continuous Time Stochastic Dynamic Models under Rational Expectations with Full & Partial Information Sets
D. Currie, P. Levine
No.86: Tensor Products and Matrix Differential Calculus
D.S.G. Pollock
No.85: Application of Input-Output Analysis for Less Developed Countries (LDCs)
V. Bulmer-Thomas
No.84: The Central American Economies in the Inter-War Period
V. Bulmer-Thomas
No.83: Reward Structures in a Planned Economy: Comment
H.S.E. Gravelle
No.82: The Government Financing Constraint, Wealth Effects and External Balances
E. Pentecost
No.81: Wealth Effects, Treasury Bill Financing Stability
D. Currie, S. Gazioglouand
No.80: Estimation de modeles de regression avec relations entre les variables endogenes
D.S.G. Pollock
No.79: A Note on the Computation of the Restricted Least-Squares Estimates
D.S.G. Pollock
No.78: Monetary & Exchange Rate Targets in the NIESR Model: A Stochastic Control Evaluation (1)
D. Currie, E. Karakitsos
1981 Working papers
No.77: Breast Cancer Screening & Health Service Costs
H.S.E. Gravelle, P. Simpson, J. Chamberlai
No.76: The Estimation of Regression Models with Restricted Dependent Variables
D.S.G. Pollock
No.75: Public Enterprise Management Incentive Mechanisms Some Difficulties
H.S.E. Gravelle
No.74: Optimal Prices & Rate of Return Constraints
H.S.E. Gravelle
No.73: Mortality & Unemployment: A Cautionary Note
H.S.E. Gravelle, G. Hutchinson, J. Stern
No.72: Incentives, Efficiency & Control in Public Firms
H.S.E. Gravelle
No.71: Monetary Overshooting and the Exchange Rate
D. Currie
No.70: Two Reduced-Form Approaches to the Derivation of the Maximum-Likelihood Estimators of Simultaneous-Equation Systems
D.S.G. Pollock
1980 Working papers
No.69: Unemployment and Demand Deficiency
A. Coddington
No.68: Advertising and the Theory of Entry Barriers
J.S. Cubbin
No.67: Interest Rates, Inflation & Growth in Financially Repressed Economics
D. Currie
No.66: Money Supply Rules, Government Financing & The Design of Automatic Policy Responses
D. Currie
No.65: Expenditures of Monopoly Acquisition
R.J. Allard
No.64: Varieties of the LIML Estimator
D.S.G. Pollock
No.63: The LBS Forecasting Model & Exchange Rate Determination
E. Pentecost
1979 Working papers
No.62: Catastrophe Theory and its Applications to Economics
A.C.O. Kwok
No.61: Stability in Monetary Models of Inflation with an Endogenous Budget
D. Currie
No.60: A Sequential Approach to the Dynamic Specification of the Demand for Young Male Labour in Great Britain
G. Hutchinson, N. Barr, A. Drobny
No.59: Some Long Run Features of Dynamic Time Series Models
D. Currie
No.58: Dennis Robertson on the Short Period Dynamics of Recovery
M. Danes
No.57: The Announcement Effects of a Theoretical Revolution Robertson, Keynes and Keynes' General Theory
M. Danes
No.56: An Outline of Dennis Robertson's Approach to the Foundations of Aggregative Theory
M. Danes
1978 Working papers
No.55: Ideology, Knowledge & Neoclassical Economics: Some Elements of a Marxist Account
S. Mohun
No.54: Trade Union Effects on Wage Gains
C.J. Paisley
No.53: Monetary & Fiscal Policy and the Crowding-Out Issue
D. Currie
No.52: The Anomalies of Capital
S. Mohun, S. Himmelweit
No.51: The Effect of Market Structure and Production Technology on the Incentives for Cheating
C.W.F. Baden-Fuller
1977 Working papers
No.50: On the Stability of Modified Keynesian Stabilisation Techniques
D. Currie
No.49: A Reconsideration of the Balanced Budget Multiplier
D. Currie, E. Katz
No.48: Three Kinds of Keynesian
A. Coddington
No.47: Econometrics and Macro-Economics
J.G. Grahl
No.46: Keynes and the History of Economic Thought - Some Reflections
B.A. Corry
No.45: Keynes, Dunlop and Real Wages over the Cycle
M. Danes
No.44: A Diagrammatic Exposition of Instability in the Presence of Money, Finance and Capital Mobility
E. Katz
No.43: The Modern Corporation and the Modern Economist: A Review Article
A. Coddington
No.42: Macroeconomic Policy and the Government Financing Requirements: A Survey of Recent Developments
D. Currie
1976 Working papers
No.41: The Efficacy of Fiscal and Monetary Policies under Floating Exchange Rates etc
E. Katz
No.40: The Efficacy of Fiscal and Monetary Policies under Floating Exchange Rates etc
A. Coddington
No.39: Notes on the Peak Load Problem with Feasible Storage
H.S.E. Gravelle
No.38: Notes on Inflation
C.S. Soper
No.37: A Note on Consumer Technology & Advertising
E. Katz
No.36: The Economic Evaluation of Screening for Breast Cancer: A Tentative Methodology
H.S.E. Gravelle
No.35: Regulation, Peak Loads and Storage
H.S.E. Gravelle
No.34: Insurance and the Value of Changes in Risk
H.S.E. Gravelle
No.33: Credit Restrictions and Lag Distributions on Consumer Durable Equations
R.J. Allard
No.32: Capital Gains Tax - An Automatic Stabiliser or Destabiliser?
E. Katz
No.31: Money, Saving and Portfolio Choice under Uncertainty
E. Katz, A. Vanags
No.30: A Note on Crowding Out
M.H. Peston
No.29: Likes, Dislikes and Gambling
E. Katz
No.28: Uncertainty, the Second Best, and Public Policy
R. Rees
No.27: Private Beds and Social Benefits: An Analytical Note
R. Rees
No.26: The Adequacy and Applicability of Economic Theories: A Perspective on the Methodological Views of Robbins and Friedman
A. Coddington
1975 Working papers
No.25: Consistency and Commitment in the Realisation on Extended Plans
A. Coddington
No.24: Bond Finance, Perfect Capital Mobility & Stability
E. Katz
No.23: Financial Targets & X-Efficiency in Public Enterprises
H.S.E. Gravelle, E. Katz
No.22: A Note of Consumer Technology & Advertising
E. Katz
No.21: Monetary and Fiscal Policy and the Balance of Payments in the Long Run
D. Currie
No.20: Capital Mobility and Stability
D. Currie, E. Katz
No.19: A Synthesis of Matrix Differential Calculus
D.S.G. Pollock
No.18: A Postscript on Three Stage Least Square and Full Information Maximum Likelihood
D.S.G. Pollock
No.17: Capital Mobility and Currency Unions: The Small Country
E. Katz, M.J. Flanders
No.16: Effective Demand Failures: A Further Comment
D. Currie
No.15: Some Monetary Implication of International Transfer
D. Currie, E. Katz
No.14: Varieties of Keynesianism
A. Coddington
No.13: Some Criticisms of the Monetary Analysis of Balance of Payments Correction
D. Currie
No.12: International Capital Flows and Portfolio Equilibrium - A Comment
D. Currie
No.11: Optimal Stabilisation Policies and the Government Budget Constraint
D. Currie
No.10: A Note on the Theory of the J Curve
E. Katz
No.9: The Contribution of Unwanted Amortisation Funds to Net Investment: A Reconsideration
E. Katz
No.8: The Government Budget Constraint and Inflation: Some Dynamic Implications
D. Currie
No.7: Money, Income and Causality - A Comment
D. Currie
1974 Working papers
No.6: The Economics of Educational Policy
A. Ziderman
No.5: Government Training Centre in Britain: A Cost Benefit Study
A. Ziderman
No.4: A Further Note on the Existence of Classes in Kaldor-Pasinetti Models of Income Distribution
E. Katz
No.3: Interest Rates, Expectations and Exchange Rate Stability
E. Katz
No.2: Public Sector Pricing with Foreign Demand
M.H. Peston, E. Katz, H.S.E. Gravelle
No.1: A Note on G.E.S.S.E.R. (Generalised Estimators of Systems Subject to Exact Restrictions)
D.S.G. Pollock
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