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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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