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Title:Prudent Monetary Policy: Applications of Cautious LQG Control and Prediction Author(s):VAN DER PLOEG, FrederickDate:2004Citation: CEPR, 2004 Type:Working PaperSeries/Number:CEPR Discussion Paper; 4222

Title:Prudent Monetary Policy: applications of cautious LQG control and prediction Author(s):VAN DER PLOEG, FrederickDate:2003Citation: CEPR, 2003 Type:Working PaperSeries/Number:CEPR Discussion Paper; 4222

Title:Leading Indicators for Euro Area Inflation and GDP Growth Author(s):BANERJEE, Anindya; MARCELLINO, Massimiliano EUI affiliated

; MASTEN, IgorDate:2003Type:Working PaperSeries/Number:CEPR Discussion Paper; 2003/3893Abstract:In this Paper we evaluate the role of a set of variables as leading indicators for Euro-area inflation and GDP growth. Our evaluation is based on using the variables in the ECB euro area model database, plus a set of similar ...

Title:Factor Forecasts for the UK Author(s):ARTIS, Michael J.; BANERJEE, Anindya; MARCELLINO, Massimiliano EUI affiliated

Date:2002Type:Working PaperSeries/Number:CEPR Discussion Paper; 3119Abstract:Time series models are often adopted for forecasting because of their simplicity and good performance. The number of parameters in these models increases quickly with the number of variables modelled, so that usually only ...

Title:The Exchange Rate - A Shock-Absorber or Source of Shocks? A Study of Four Open Economies Author(s):ARTIS, Michael J.; EHRMANN, MichaelDate:2000Type:Working PaperSeries/Number:CEPR Discussion Paper; 2550Abstract:The paper provides SVAR estimates for four open economies: the UK, Canada, Sweden and Denmark, making explicit a monetary policy reaction function and taking account of exchange rate targeting practices. The object of the ...

Title:The Transmission Mechanism in a Changing World Author(s):ARTIS, Michael J.; GALVAO, Ana Beatriz C.; MARCELLINO, Massimiliano EUI affiliated

Date:2003Type:Working PaperSeries/Number:CEPR Discussion Paper; 4014

Title:Are the Welfare State and Distribution Really that Bad for the Economy? Effects of Reciprocal Altruism, Consumer Rivalry and Second Best Author(s):VAN DER PLOEG, FrederickDate:2005Type:Working PaperSeries/Number:CEPR Discussion Paper; 2005/4918Abstract:Democratic countries with substantial inequality and where people believe that success depends on connections and luck induce political support for high tax rates and generous welfare states. Traditional wisdom is that ...

Title:Back to Keynes? Author(s):VAN DER PLOEG, FrederickDate:2005Type:Working PaperSeries/Number:CEPR Discussion Paper; 2005/4897Abstract:After a brief review of classical, Keynesian, New Classical and New Keynesian theories of macroeconomic policy, we assess whether New Keynesian Economics captures the quintessential features stressed by JM Keynes. Particular ...

Title:Guide to Reform of Higher Education: A European Perspective Author(s):VAN DER PLOEG, Frederick; BAS, JacobsDate:2005Type:Working PaperSeries/Number:CEPR Discussion Paper; 2005/532/7Abstract:Although there are exceptions, most European universities and institutions of higher education find it difficult to compete with the best universities in the Anglo-Saxon world. Despite the Bologna agreement and the ambitions ...

Title:Rolling Back the Public Sector: Differential Effects on Unemployment, Investment and Growth Author(s):VAN DER PLOEG, FrederickDate:2005Type:Working PaperSeries/Number:CEPR Discussion Paper; 2005/4896Abstract:The macroeconomic effects of different ways of rolling back the welfare state are analysed. Cutting public spending on market goods induces a lower interest rate, a higher wage, a lower capital stock and a fall in employment. ...

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