Publications

CFCM staff have published recently in the Journal of the European Economic Association, the Economic Journal, the Journal of Economic Theory, the International Economic Review, Review of Economics and Statistics, the Journal of Monetary Economics, the Journal of International Economics, the Journal of Money, Credit and Banking, the Journal of Economic Dynamics and Control, the Journal of Health Economics, Economica and many more.

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2012
Number	Author	Title
12/11	Paul Mizen and Veronica Veleanu	Credit Spreads as Predictors of Economic Activity in Eight European Economies
12/10	Spiros Bougheas	Pooling, Tranching and Credit Expansion
12/09	Maria Teresa Punzi	Housing Market and Current Account Imbalances in the International Economy
12/08	Luisa Lambertini, Caterina Mendicino and Maria Teresa Punzi	Expectations-Driven Cycles in the Housing Market
12/07	Mark A. Roberts	The conflating effects of education and financial competition in an OLG growth model with Nelson-Phelps human capital
12/06	Richard Disney and John Gathergood	Financial Literacy and Consumer Credit Portfolios
12/05	Haider Alzubaidi and Spiros Bougheas	The Impact of the Global Financial Crisis on European Banking Efficiency
12/04	John Gathergood and Jörg Weber	Self-Control, Financial Literacy and the Co-Holding Puzzle
12/03	John Gathergood	Unemplyment Expectations, Credit Commitments and Psychological Health
12/02	John Gathergood	Self-Control, Financial Literacy and Consumer Over-Indebtedness
12/01	Richard Disney and John Gathergood	Financial Literacy and Consumer Credit Use

2011
Number	Author	Title
11/15	Spiros Bougheas, Paul Mizen and Simone Silva	The Open Economy Balance Sheet Channel and the Exporting Decisions of Firms: Evidence from the Brazilian Crisis of 1999
11/14	Mark A. Roberts	A portfolio explanation of the relationship between macroeconomic volatility and economic growth
11/13	Thomas A. Lubik and Wing Leong Teo	Deep Habits in the New Keynesian Phillips Curve
11/12	Simona Mateut	Reverse trade credit - the use of prepayments by French firms
11/11	Carolina Achury, Christos Koulovatianos and John Tsoukalas	External Sovereign Debt in a Monetary Union: Bailouts and the Role of Corruption
11/10	John Gathergood	Debt and Depression: Evidence on Casual Links and Social Stigma Effects forthcoming in the Economic Journal.
11/09	John Gathergood	Racial Disparities in Credit Constraints in the Great Recession: Evidence from the UK published in the BE Journal of Economic Analysis and Policy (Advances), 11(3) 2011.
11/08	Massimo Antonini, Kevin Lee and Jacinta Pires	Public Sector Debt Dynamics: The Persistence and Sources of Shocks to Debt in Ten EU Countries
11/07	Kevin Lee, James Morley and Kalvinder Shields	The Meta Taylor Rule
11/06	Christoph Görtz and John Tsoukalas	Learning, Capital-Embodied Technology and Aggregate Fluctuations
11/05	Richard Disney and John Gathergood	Financial Literacy ad Indebtedness: New Evidence for UK Consumers
11/04	Simona Mateut, Paul Mizen and Ydriss Ziane	Supplier-Customer Relationships and the Interactions Between Inventories and Trade Credit
11/03	Spiros Bougheas and Rod Falvey	The Impact of Financial Market Frictions on Trade Flows, Capital Flows and Economic Development
11/02	Mustafa Caglayan, Sara Maioli and Simona Mateut	Inventories and sales uncertainty
11/01	Espen Henriksen, Finn E. Kydland and Roman Sustek	The High Cross-Country Correlations of Prices and Interest Rates

2010
Number	Author	Title
10/09	John Tsoukala and Hashmat Khan	Investment Shocks and the Comovement Problem published in the Journal of Economic Dynamics and Control, 35 (1). pp. 115-130, 2011.
10/08	Kevin Lee and Kalvinder Shields	Decision-Making in Hard Times: What is a Recession, Why Do We Care and When Do We Know We Are in One?
10/07	Kevin Lee, Anthony Garratt and Kalvinder Shields	Measuring the Natural Output Gap Using Actual and Expected Output Data
10/06	Emmanuel Amissah, Spiros Bougheas and Rod Falvey	Financial Constraints, the Distribution of Wealth and International Trade published in the World Economy, 34, 707-24, 2011.
10/05	John Gathergood	The Social Dimension to the Consumer Bankruptcy Decision
10/04	John Gathergood	The Consumer Response to House Price Falls published in Economics Letters, 115(2), 279-281, 2012.
10/03	Anindya Banerjee, Victor Bystrov and Paul Mizen	Interest rate Pass-Through in the Major European Economies - The Role of Expectations
10/02	Thomas A Lubik and Wing Teong Teo	Inventories, Inflation Dynamics and the New Keynesian Phillips Curve
10/01	Carolina Achury, Sylwia Hubar and Christos Koulovatianos	Saving Rates and Portfolio Choice with Subsistence Consumption, forthcoming in the Review of Economic Dynamics.

2009
Number	Author	Title
09/14	John Tsoukalas, Philip Arestis and Georgios Chortareas	Money and Information in a New Neoclassical Synthesis Framework published in Economic Journal, 120 (542). F101-F128, 2010.
09/13	John Tsoukalas	Input and Output Inventories in the UK published in Economica, 78, 460–479, 2009.
09/12	Bert D’Espallier and Alessandra Guariglia	Does the Investment Opportunities Bias Affect the Investment-Cash Flow Sensitivities of Unlisted SMEs?
09/11	Alessandra Guariglia, Xiaoxuan Liu and Lina Song	Internal Finance and Growth: Microeconometric Evidence on Chinese Firms published in Journal of Development Economics, 96, 1, 79-94, 2011.
09/10	Marta Aloi and Teresa Lloyd-Braga	National Labor Markets, International Factor Mobility and Macroeconomic Instability published in Economic Theory(2010), Vol 43(3)
09/09	Simona Mateut and Alessandra Guariglia	Inventory Investment, Global Engagement, and Financial Constraints in the UK: Evidence from Micro Data, Published in Journal of Macroeconomics, (2010), Vol.32 (1), pp 239-250.
09/08	Christos Koulovatianos, Charles Grant, Alex Michaelides, and Mario Padula	Evidence on the Insurance Effect of Redistributive Taxation, Published in Review of Economics and Statistics, (2010), Vol. 92(4), pp. 965-97
09/07	John Gathergood	Income Uncertainty, House Price Uncertainty and the Transition Into Home Ownership in the United Kingdom
09/06	Thomas A. Lubik and Wing Leong Teo	Inventories and Optimal Monetary Policy
09/05	John Tsoukalas	Time to Build Capital: Revisiting Investment-Cashflow Sensitivities is forthcoming is Journal of Economic Dynamics and Control
09/04	Marina-Eliza Spaliara	Do Financial Factors Affect The Capital-Labour Ratio: Evidence From UK Firm-Level Data
09/03	John Gathergood	Income Shocks, Mortgage Repayment Risk and Financial Distress Among UK Households
09/02	Richard Disney and John Gathergood	House Price Volatility and Household Indebtedness in the United States and the United Kingdom Published in Economica, (2010) 77(July), 472-496
09/01	Paul Mizen, John Tsoukalas and Serafeim Tsoukas	How Does Reputation Influence a Firm's Decision to Issue Corporate Bonds? New Evidence From Initial and Seasoned Public Debt Offerings

2008

2008
Number	Author	Title
08/10	Marta Aloi, Manuel Leite-Monteiro and Teresa Lloyd-Braga	Unionized Labor Markets and Globalized Capital Markets published in Journal of International Economics(2009), Vol 78(1)
08/09	Simona Mateut, Spiros Bougheas and Paul Mizen	Corporate trade credit and inventories: New evidence of a tradeoff from accounts payable and receivable, Published in Journal of Banking and Finance, (2009), Vol.33 (2), pp 300-307.
08/08	Christos Koulovatianos, Leonard J. Mirman and Marc Santugini	Optimal Growth and Uncertainty: Learning, Published in Journal of Economic Theory, (2009), January, Vol. 144, pp. 280-295
08/07	Christos Koulovatianos, Carsten Schröder and Ulrich Schmidt	Nonmarket Household Time and the Cost of Children, Published in Journal of Business and Economic Statistics (2009), January, Vol. 27(1), pp.42-51
08/06	Christiane Baumeister, Eveline Durinck and Gert Peersman	Liquidity, Inflation and Asset Prices in a Time-Varying Framework for the Euro Area
08/05	Sophia Mueller-Spahn	The Pass Through From Market Interest Rates to Retail Bank Rates in Germany
08/04	Maria Garcia-Vega and Alessandra Guariglia	Volatility, Financial Constraints and Trade published in International Review of Economics and Finance, 21, 57-76, 2011.
08/03	Richard Disney and John Gathergood	Housing Wealth, Liquidity Constraints and Self-Employment Published in Labour Economics, (2009) 16(1), 79-88.
08/02	Paul Mizen and Serafeim Tsoukas	What Effect has Bond Market Development in Asia had on the Issue of Corporate Bonds
08/01	Paul Mizen and Serafeim Tsoukas	Modelling the Persistence of Credit Ratings When Firms Face Financial Constraints, Recessions and Credit Crunches published in International Journal of Forecasting, 28, 273–287, 2012 now renamed ‘Forecasting US Bond Default Ratings Allowing for Previous and Initial State Dependence in an Ordered Probit Model’.

2007
Number	Author	Title
07/11	Rob Carpenter and Alessandra Guariglia	Investment Behaviour, Observable Expectations, and Internal Funds: a comments on Cummins et al, AER (2006)
07/10	John Tsoukalas	The Cyclical Dynamics of Investment: The Role of Financing and Irreversibility Constraints published in the Journal of Economic Dynamics and Control, 35(7), 1000-1016, 2011.
07/09	Spiros Bougheas, Paul Mizen and Cihan Yalcin	An Open Economy Model of the Credit Channel Applied to Four Asian Economies
07/08	Paul Mizen & Kevin Lee	Household Credit and Probability Forecasts of Financial Distress in the United Kingdom
07/07	Tae-Hwan Kim, Paul Mizen & Alan Thanaset	Predicting Directional Changes in Interest Rates: Gains from Using Information from Monetary Indicators forthcoming in Journal of Macroeconomics.
07/06	Tae-Hwan Kim, and Paul Mizen	Estimating Monetary Reaction Functions at Near Zero Interest Rates: An Example Using Japanese Data Published in Economics Letters, (2010) 106(1), 57-60.
07/05	Paul Mizen, Tae-Hwan Kim and Alan Thanaset	Evaluating the Taylor Principle Over the Distribution of the Interest Rate: Evidence from the US, UK & Japan Published in Journal of Money, Credit, and Banking, (2009) 41(8), 1705-23.
07/04	Tae-Hwan Kim, Paul Mizen and Alan Thanaset	Forecasting Changes in UK Interest rates Published in Journal of Forecasting, (2008) 27(1), 53-74.
07/03	Alessandra Guariglia	Internal Financial Constraints, External Financial Constraints, and Investment Choice: Evidence From a Panel of UK Firms published in Banking and Finance, 32, 1795-1809, 2008.
07/02	Richard Disney	Household Saving Rates and the Design of Public Pension Programmes: Cross-Country Evidence
07/01	Richard Disney, Carl Emmerson and Matthew Wakefield	Public Provision and Retirement Saving: Lessons from the U.K.

2006
Number	Author	Title
06/04	Paul Mizen & Serafeim Tsoukas	Evidence on the External Finance Premium from the US and Emerging Asian Corporate Bond Markets
06/03	Woojin Chung, Richard Disney, Carl Emmerson & Matthew Wakefield	Public Policy and Retirement Saving Incentives in the U.K.
06/02	Sarah Bridges & Richard Disney	Debt and Depression Published in Journal of Health Economics, (2010) 29(May), 388-403
06/01	Sarah Bridges, Richard Disney & John Gathergood	Housing Wealth and Household Indebtedness: Is There a 'Household Financial Accelerator'? Published in Economica, (2010) 77(July), 472-496

2005
Number	Author	Title
05/02	Simona Mateut and Alessandra Guariglia	Credit channel, trade credit channel, and inventory investment: evidence from a panel of UK firms, Pulished in Journal of Banking and Finance, (2006), Vol.30 (10), pp 2835-2856.
05/01	Simona Mateut, Spiros Bougheas and Paul Mizen	Trade Credit, Bank Lending and Monetary Policy Transmission, Published in European Economic Review, (2006), Vol.50 (3), pp 603-29.

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