Andrew Hughes Hallett
Datos Biográficos
| ID | 1191920 |
|---|---|
| NOMBRE | Andrew Hughes Hallett |
| NOMBRES | Andrew Hughes |
| APELLIDO | Hallett |
| FIRMA | HALLETT A H |
| AFILIACIONES | University of Strathclyde |
| ORCID | 0000-0002-2924-6018 |
| VERIFICADO | Sí |
| TOTAL DE OBRAS | 12 |
| TOTAL DE CITAS | 19 |
| TOTAL COMO AUTOR | 12 |
| TOTAL COMO EDITOR | 0 |
| PRIMER AÑO DE PUBLICACIÓN | 1984 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2017 |
| ÍNDICE H | 3 |
Fiscal autonomy vs. fiscal federalism in the euro zone
Conservative central banks
Using Rogoff's, 1985 model, we determine how inflation averse a central banker should be, given the level of volatility and projected output gap in the economy. We confirm a strong degree of conservatism, almost twice what society would have chosen. But, for a range of developing countries and the OECD, economies that systematically experience higher levels of output volatility would do best to hire a central banker who is more inflation averse t…
Three different approaches to transparency in monetary policy
Fiscal governance in the euro area
This contribution considers mechanisms for rule-based fiscal policy co-ordination to replace the failed Stability and Growth Pact in the euro area. It argues in favour of soft debt targets as a means of addressing problems caused by excessive debt. It is shown how such targets can be safely operated, supported by an effective excess debt protocol. A division of labour between fiscal and monetary policy is proposed, whereby fiscal policy is used f…
Introduction to the Special Issue on ‘Fiscal Policy’
Heterogeneity in a Currency Union With Social Market Objectives
In this paper, we explore whether heterogeneity among union members could threaten the stability of the European Monetary Union. The types of heterogeneity we consider are (1) asymmetries in the transmission of monetary and fiscal policies, and (2) differences in national preferences for price stability, output growth, and income redistribution. Our results show that the costs of membership can be significant for countries whose transmissions, st…
Scotland and European Monetary Union
Sooner or later the Scottish public is likely to be confronted with a referendum on membership of European monetary union. 1 Leaving aside explicit political preferences such as individual views about the desirability or otherwise of 'more' rather than 'less' European integration the debate will, inevitably, revolve around largely economic issues. The purpose of this paper is to set the scene by reviewing the most important economic issues raised…
Scotland and European Monetary Union
In this paper we consider the implications of membership within a monetary union for local economic policies. We start from the position that specific economic policy instruments increasingly are unavailable to policy-makers as a consequence of a process of 'globalisation*. Here we define globalisation as the tendency for national economies to become increasingly integrated through the dismantling of the barriers to the movement of goods, service…
The Impact of Exchange Rate Uncertainty on the Level of Investment
Conventional wisdom has it that increasing price or exchange rate uncertainty will depress investment. Using the Dixit–Pindyck model, we find that there are situations where this will happen; and situations where it does not. There are threshold effects which allows us to identify when rising volatility would increase or decrease investment; and also to identify which types of industries would gain, and which would suffer, from a move to fixed ex…
Regional Inequalities and the Business Cycle
DEMERTZIS M. and HUGHES HALLETT A. (1996) Regional inequalities and the business cycle: an explanation of the rise in European unemployment, Reg. Studies 30, 15-29. The introduction of a system of fixed exchange rates in Europe has succeeded in inducing price convergence amongst its participants, but at the same time has increased the divergence between their rates of unemployment. In this paper we attempt to measure the level of the inefficiency…
Can Nations Agree
Journal Article Can Nations Agree?: Issues in International Economic Cooperation Get access Can Nations Agree?: Issues in International Economic Cooperation. By RICHARD N. COOPER, BARRY EICHENGREEN, C. RANDALL, HENNING GERALD HOLTHAM and ROBERT D. PUTMAN. (Washington D.C.: The Brookings Institution, 1989. Pp. x + 303. US$32.95 hardback. ISBN 0 8157 1178 6.) Andrew Hughes Hallett Andrew Hughes Hallett University of Strathclyde Search for other wor…
Quantitative Economic Policies and Interactive Planning
Journal Article Quantitative Economic Policies and Interactive Planning. Get access Quantitative Economic Policies and Interactive Planning. By ANDREW HUGHES HALLETT and HEDLEY REES. (Cambridge: Cambridge University Press, 1983. Pp. xii + 374. £30.00.) Martin Cave Martin Cave Brunei University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 94, Issue 373, 1 March 1984, Pages 170–172, https://d…
The Impact of Exchange Rate Uncertainty on the Level of Investment
Conventional wisdom has it that increasing price or exchange rate uncertainty will depress investment. Using the Dixit–Pindyck model, we find that there are situations where this will happen; and situations where it does not. There are threshold effects which allows us to identify when rising volatility would increase or decrease investment; and also to identify which types of industries would gain, and which would suffer, from a move to fixed ex…
Fiscal governance in the euro area
This contribution considers mechanisms for rule-based fiscal policy co-ordination to replace the failed Stability and Growth Pact in the euro area. It argues in favour of soft debt targets as a means of addressing problems caused by excessive debt. It is shown how such targets can be safely operated, supported by an effective excess debt protocol. A division of labour between fiscal and monetary policy is proposed, whereby fiscal policy is used f…
Quantitative Economic Policies and Interactive Planning
Journal Article Quantitative Economic Policies and Interactive Planning. Get access Quantitative Economic Policies and Interactive Planning. By ANDREW HUGHES HALLETT and HEDLEY REES. (Cambridge: Cambridge University Press, 1983. Pp. xii + 374. £30.00.) Martin Cave Martin Cave Brunei University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 94, Issue 373, 1 March 1984, Pages 170–172, https://d…
Heterogeneity in a Currency Union With Social Market Objectives
In this paper, we explore whether heterogeneity among union members could threaten the stability of the European Monetary Union. The types of heterogeneity we consider are (1) asymmetries in the transmission of monetary and fiscal policies, and (2) differences in national preferences for price stability, output growth, and income redistribution. Our results show that the costs of membership can be significant for countries whose transmissions, st…
Regional Inequalities and the Business Cycle
DEMERTZIS M. and HUGHES HALLETT A. (1996) Regional inequalities and the business cycle: an explanation of the rise in European unemployment, Reg. Studies 30, 15-29. The introduction of a system of fixed exchange rates in Europe has succeeded in inducing price convergence amongst its participants, but at the same time has increased the divergence between their rates of unemployment. In this paper we attempt to measure the level of the inefficiency…
Can Nations Agree
Journal Article Can Nations Agree?: Issues in International Economic Cooperation Get access Can Nations Agree?: Issues in International Economic Cooperation. By RICHARD N. COOPER, BARRY EICHENGREEN, C. RANDALL, HENNING GERALD HOLTHAM and ROBERT D. PUTMAN. (Washington D.C.: The Brookings Institution, 1989. Pp. x + 303. US$32.95 hardback. ISBN 0 8157 1178 6.) Andrew Hughes Hallett Andrew Hughes Hallett University of Strathclyde Search for other wor…
Quantitative Economic Policies and Interactive Planning
Journal Article Quantitative Economic Policies and Interactive Planning. Get access Quantitative Economic Policies and Interactive Planning. By ANDREW HUGHES HALLETT and HEDLEY REES. (Cambridge: Cambridge University Press, 1983. Pp. xii + 374. £30.00.) Martin Cave Martin Cave Brunei University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 94, Issue 373, 1 March 1984, Pages 170–172, https://d…
Can Nations Agree
Journal Article Can Nations Agree?: Issues in International Economic Cooperation Get access Can Nations Agree?: Issues in International Economic Cooperation. By RICHARD N. COOPER, BARRY EICHENGREEN, C. RANDALL, HENNING GERALD HOLTHAM and ROBERT D. PUTMAN. (Washington D.C.: The Brookings Institution, 1989. Pp. x + 303. US$32.95 hardback. ISBN 0 8157 1178 6.) Andrew Hughes Hallett Andrew Hughes Hallett University of Strathclyde Search for other wor…
Regional Inequalities and the Business Cycle
DEMERTZIS M. and HUGHES HALLETT A. (1996) Regional inequalities and the business cycle: an explanation of the rise in European unemployment, Reg. Studies 30, 15-29. The introduction of a system of fixed exchange rates in Europe has succeeded in inducing price convergence amongst its participants, but at the same time has increased the divergence between their rates of unemployment. In this paper we attempt to measure the level of the inefficiency…
The Impact of Exchange Rate Uncertainty on the Level of Investment
Conventional wisdom has it that increasing price or exchange rate uncertainty will depress investment. Using the Dixit–Pindyck model, we find that there are situations where this will happen; and situations where it does not. There are threshold effects which allows us to identify when rising volatility would increase or decrease investment; and also to identify which types of industries would gain, and which would suffer, from a move to fixed ex…
Scotland and European Monetary Union
Sooner or later the Scottish public is likely to be confronted with a referendum on membership of European monetary union. 1 Leaving aside explicit political preferences such as individual views about the desirability or otherwise of 'more' rather than 'less' European integration the debate will, inevitably, revolve around largely economic issues. The purpose of this paper is to set the scene by reviewing the most important economic issues raised…
Scotland and European Monetary Union
In this paper we consider the implications of membership within a monetary union for local economic policies. We start from the position that specific economic policy instruments increasingly are unavailable to policy-makers as a consequence of a process of 'globalisation*. Here we define globalisation as the tendency for national economies to become increasingly integrated through the dismantling of the barriers to the movement of goods, service…
Introduction to the Special Issue on ‘Fiscal Policy’
Heterogeneity in a Currency Union With Social Market Objectives
In this paper, we explore whether heterogeneity among union members could threaten the stability of the European Monetary Union. The types of heterogeneity we consider are (1) asymmetries in the transmission of monetary and fiscal policies, and (2) differences in national preferences for price stability, output growth, and income redistribution. Our results show that the costs of membership can be significant for countries whose transmissions, st…
Fiscal governance in the euro area
This contribution considers mechanisms for rule-based fiscal policy co-ordination to replace the failed Stability and Growth Pact in the euro area. It argues in favour of soft debt targets as a means of addressing problems caused by excessive debt. It is shown how such targets can be safely operated, supported by an effective excess debt protocol. A division of labour between fiscal and monetary policy is proposed, whereby fiscal policy is used f…
Three different approaches to transparency in monetary policy
Fiscal autonomy vs. fiscal federalism in the euro zone
Conservative central banks
Using Rogoff's, 1985 model, we determine how inflation averse a central banker should be, given the level of volatility and projected output gap in the economy. We confirm a strong degree of conservatism, almost twice what society would have chosen. But, for a range of developing countries and the OECD, economies that systematically experience higher levels of output volatility would do best to hire a central banker who is more inflation averse t…
Economics (12 obras) · Political science (6 obras) · International economics (5 obras) · Keynesian economics (5 obras) · Macroeconomics (5 obras) · Monetary policy (5 obras) · Monetary Policy and Economic Impact (5 obras) · Fiscal Policies and Political Economy (4 obras) · European union (3 obras) · Fiscal policy (3 obras)