Centre for Finance, Credit and Macroeconomics (CFCM)

Publications 2023

2022  | 2021 |  2020 |  2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005

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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CFCM discussion papers 2022

CFCM 24/02: Systemic risk in banking, fire sales, and macroeconomic disasters

Description
Spiros Bougheas, David I. Harvey, Alan Kirman and Douglas Nelson

CFCM 23/03: On the pass-through of large devaluations

Description
Carlos Casacuberta and Omar Licandro

CFCM 23/02: Dynamic investigations of an endogenous business cycle model with heterogeneous agents

Description
Spiros Bougheas, Pasquale Commendatore, Laura Gardini and Ingrid Kubin

CFCM 23/01: Learning about labour markets

Description
Jake Bradley and Lukas Mann

CFCM 22/05: Financial development cycles and income inequality in a model with good and bad projects

Description
Spiros Bougheas, Pasquale Commendatore, Laura Gardini and Ingrid Kubin

CFCM 22/03: Innovation union: Costs and benefits of innovation policy coordination

Description
Teodora Borota Milicevic, Fabrice Defever, Giammario Impullitti and Adam Hal Spencer

CFCM 22/02: Labour market dynamics and growth

Description
Jake Bradley and Alex Gottfries

CFCM 22/01: Fiscal and macroprudential policies in a monetary union

Description
Jose E Bosca, Javier Ferri and Margarita Rubio

CFCM 21/03: Potential output, the Taylor Rule and the Fed

Description
Omar Licandro and Francesca Vinci

CFCM 21/02: Commodity prices and banking crises

Description
Markus Eberhardt and Andrea F. Presbitero

CFCM 21/01: Misallocation and inequality

Description
Nezih Guner and Alessandro Ruggieri

CFCM 20/14: The macroprudential toolkit: Effectiveness and interactions

Description
Stephen Millard, Margarita Rubio and Alexandra Varadi

CFCM 20/13: The Impact of Covid-19 on productivity

Description
Nicholas Bloom, Philip Bunn, Paul Mizen, Pawel Smietanka and Gregory Thwaites

CFCM 20/09 Skill-biased structural change

Description
Francisco J. Buera, Joseph P. Kaboski, Richard Rogerson and Juan I. Vizcaino

CFCM 20/07 Economic uncertainty before and during the Covid-19 pandemic

Description
Dave Altig, Scott Baker, Jose Maria Barrero, Nick Bloom, Phil Bunn, Scarlet Chen, Steven J. Davis, Julia Leather, Brent Meyer, Emil Mihaylov, Paul Mizen, Nick Parker, Thomas Renault, Pawel Smietanka and Greg Thwaites

CFCM 20/06 Twin peaks: Covid-19 and the labour market

Description
Jake Bradley, Alessandro Ruggieri and Adam Spencer

CFCM 20/03 The neoclassical model and the welfare costs of selection

Description
Fabrice Collard and Omar Licandro

CFCM 20/02: Switching-track after the Great Recession

Description
Francesca Vinci and Omar Licandro

CFCM 19/06: Net foreign assets and current account balances

Description
Michael Bleaney and Mo Tian

CFCM 19/05: Sectoral heterogeneities in price rigidity and returns to scale

Description
Mohamed Diaby and Atsuyoshi Morozumi

CFCM 19/04: The value added tax and growth: Design matters

Description
Santiago Acosta-Ormaechea and Atsuyoshi Morozumi

CFCM 19/01: A theory of outside equity: Financing multiple projects

Description
Spiros Bougheas and Tianxi Wang consider the case of multiple project finance and offer a novel rationale for outside equity.

CFCM 18/10: Measuring the fiscal multiplier when plans take time to implement

Description
Kevin Lee, James Morley, Kian Ong and Kalvinder Shields describe how to measure the fiscal multiplier using budget statements on planned and actual government spending.

CFCM 18/08: Inflation targeting in low-income countries: Does IT work?

Description
Michael Bleaney, Atsuyoshi Morozumi and Zakari Mumuni

CFCM 18/07: Inflation targeting and monetary policy in Ghana

Description
Michael Bleaney, Atsuyoshi Morozumi and Zakari Mumuni

CFCM 18/05: Growing pension deficits and the expenditure decisions of UK companies

Description
Philip Bunn, Paul Mizen and Pawel Smietanka

CFCM 18/03: Technology, market structure and the gains from trade

Description
Giammario Impullitti, Omar Licandro and Pontus Rendahl

CFCM 18/02: Preliminary credit ratings and contact disclosure

Description
In this paper, Marta Ronchetti investigates what is the effect of a regulation mandating the disclosure of any request of preliminary ratings on the choices of a Credit Rating Agency (CRA).

CFCM 17/09: Cross-country spillovers from macroprudential regulation: Reciprocity and leakage

Description
Margarita Rubio explores how macroprudential policies can cause spillovers when they are not applied in the same way to domestic and foreign branches operating in the country.

CFCM 17/08: Contagion in stable networks

Description
In this paper, Spiros Bougheas examines the formation of networks that are potentially hit by shocks. The costs inflicted on each node depend on the structure of the whole network. Networks with both direct and indirect links are considered.

CFCM 17/07: Currency risk in corporate bond spreads in the Eurozone

Description
Michael Bleaney and Veronica Veleanu

CFCM 17/06: Does rental housing market stabilize the economy? A micro and macro perspective.

Description
In this paper, Michal Rubaszek and Margarita Rubio conduct an original survey among a representative group of 1005 Poles to dig into the causes of rental market underdevelopment and design appropriate policy recommendations.

 

Centre for Finance, Credit and Macroeconomics

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University of Nottingham
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Enquiries: hilary.hughes@nottingham.ac.uk