Michael Bleaney
Datos Biográficos
| ID | 292833 |
|---|---|
| NOMBRE | Michael Bleaney |
| NOMBRES | Michael |
| APELLIDO | Bleaney |
| FIRMA | BLEANEY M |
| AFILIACIONES | University of Nottingham |
| ORCID | 0000-0003-0588-1700 |
| VERIFICADO | Sí |
| TOTAL DE OBRAS | 22 |
| TOTAL DE CITAS | 52 |
| TOTAL COMO AUTOR | 22 |
| TOTAL COMO EDITOR | 0 |
| PRIMER AÑO DE PUBLICACIÓN | 1984 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2023 |
| ÍNDICE H | 4 |
The trade‐GDP ratio as a measure of openness
The ratio of trade to GDP is often used as a summary measure of a country's openness to the rest of the world. It is well‐known that the trade–GDP ratio is affected by relatively time‐invariant factors, such as country size and remoteness from trading partners, that can largely be controlled for in cross‐country panels by using country fixed effects. It is shown here that there are also other important, time‐varying influences on the trade‐GDP ra…
Bond Spreads and Economic Activity in Eight European Economies
We provide new insights into the relationship between financial market tightness and real activity, using a new database of corporate bonds issued in eight European countries. Bond spreads have a significant negative relationship with four real activity variables at horizons 1–8 quarters ahead. The relationship is robust to adding measures of monetary policy tightness and leading indicators, providing strong support for models previously only eva…
Natural Resource Exports, Fiscal Policy Volatility and Growth
The combination of poor institutions and erratic macroeconomic policy, as measured by the volatility of fiscal policy, is associated with slower growth. We show that macroeconomic policy is more erratic in countries that are rich in natural resources, especially minerals and fuels, and in those that receive large aid inflows. Poor institutions also play a role. Although Africa is a major receiver of aid and exporter of natural resources, this is …
How different are the correlates of onset and continuation of civil wars
It is very common to analyse the factors associated with the onset and continuation of civil wars entirely separately, as if there were likely to be no similarity between them. This is an overstatement of the theoretical position, which has established only that they may be different (i.e. less than perfectly correlated). The hypothesis that the explanatory variables are the same is not theoretically excludable and is empirically testable, both f…
The Regional Impact of Trade Liberalization in a Model with Congestion Costs à la Helpman
Moncarz P. E. and Bleaney M. The regional impact of trade liberalization in a model with congestion costs à la Helpman, Regional Studies. The effects of the liberalization of international trade are analysed in a New Economic Geography model of a country with an asymmetrical distribution of housing between regions. Labour is mobile between regions, but not between countries. Trade liberalization tends to reduce inequalities in the distribution of…
Some International Evidence on Poverty Alleviation and Economic Growth
Exchange rate regimes, inflation and output volatility in developing countries
The impact of terms of trade and real exchange rate volatility on investment and growth in sub-Saharan Africa
Fiscal policy and growth
Financial liberalisation and private investment
Credibility and Disinflation in the European Monetary System
Analysis of interest differentials in the European Monetary System has suggested a widespread lack of credibility of the Exchange Rate Mechanism in the sense that in most countries the implicit expected rate of devaluation was significant and not far short of inflation differentials vis‐à‐vis the deutschmark. We present and test a model in which prices reflect expectations of exchange rate behaviour. The results provide mixed evidence that price‐…
Macroeconomic stability, investment and growth in developing countries
Tax revenue instability, with particular reference to sub‐Saharan Africa
This article examines the temporal instability of tax revenues across a sample of developed and less developed countries. It is shown that instability is especially high in LDCs and is highest in open economies with low per capita income, high output variance and inflationary problems. Even allowing for these factors, revenue instability appears to be particularly high in sub‐Saharan Africa. Revenue instability can be expected, via the government…
Investment, trade liberalisation and structural adjustment
The disappointing investment response in developing countries to World Bank Structural Adjustment Lending (SALs) is considered in the light of a theoretical model of the impact of trade liberalisation and tightening balance‐of‐payments constraints on investment. The policy reforms under SALs are not as conducive to increased investment as they may appear to be at first sight. The tendency of countries to apply for SALs when confronted with seriou…
Manufactured exports of developing countries and their terms of trade since 1965
Companion to Contemporary Economic Thought
Companion to Contemporary Economic Thought
Journal Article Companion to Contemporary Economic Thought Get access Companion to Contemporary Economic Thought. By David Greenaway, Michael Bleaney and Ian M. T. Stewart. (London and New York: Routledge, 1991. Pp. xii + 858. £85.00 hardback. ISBN 0 415 02612 1.) Mark Blaug Mark Blaug University of Buckingham and University of Exeter Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 102, Issue …
Monetary Targeting and Policy Credibility in a Non-Market-Clearing Model
Journal Article Monetary Targeting and Policy Credibility in a Non-Market-Clearing Model Get access Michael Bleaney Michael Bleaney University of Nottingham Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 101, Issue 406, 1 May 1991, Pages 473–482, https://doi.org/10.2307/2233553 Published: 01 May 1991
Macroeconomic Theory and the Great Depression Revisited
On the evidence of trade-cycle theory, pre-Keynesian macroeconomics recog nized that unemployment in depressions was involuntary in the sense o f not being caused by excessive real wages. But pre-Keynesian theory was ignorant of the notion of an effective demand constraint and advo cated measures to stimulate demand on the basis of their impact on ou tput decisions at the individual-firm level rather than on the level of aggregate demand. The wid…
The Keynesian Revolution and its Critics
Journal Article The Keynesian Revolution and its Critics: Issues of Theory and Policy for the Monetary Production Economy Get access The Keynesian Revolution and its Critics: Issues of Theory and Policy for the Monetary Production Economy. By Gordon A. Fletcher. (Basingstoke: Macmillan, 1987. Pp. xxiii + 348. à à à à £35.00 hardback.) Michael Bleaney Michael Bleaney University of Nottingham Search for other works by this author on: Oxford Academi…
The present crisis in historical perspective
The present crisis of capitalism differs from that of the 1930s in major ways. Investment has not collapsed, macroeconomic policy has moved away from instead of towards Keynesian ideas, and economic class conflict has played an important role. The rise of class conflict is attributed to structural, political and ideological changes in the advanced capitalist countries, and macroeconomic policy developments are interpreted as a response to the res…
Tomlinson on full employment
The impact of terms of trade and real exchange rate volatility on investment and growth in sub-Saharan Africa
Macroeconomic stability, investment and growth in developing countries
How different are the correlates of onset and continuation of civil wars
It is very common to analyse the factors associated with the onset and continuation of civil wars entirely separately, as if there were likely to be no similarity between them. This is an overstatement of the theoretical position, which has established only that they may be different (i.e. less than perfectly correlated). The hypothesis that the explanatory variables are the same is not theoretically excludable and is empirically testable, both f…
Companion to Contemporary Economic Thought
Journal Article Companion to Contemporary Economic Thought Get access Companion to Contemporary Economic Thought. By David Greenaway, Michael Bleaney and Ian M. T. Stewart. (London and New York: Routledge, 1991. Pp. xii + 858. £85.00 hardback. ISBN 0 415 02612 1.) Mark Blaug Mark Blaug University of Buckingham and University of Exeter Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 102, Issue …
Exchange rate regimes, inflation and output volatility in developing countries
Financial liberalisation and private investment
Natural Resource Exports, Fiscal Policy Volatility and Growth
The combination of poor institutions and erratic macroeconomic policy, as measured by the volatility of fiscal policy, is associated with slower growth. We show that macroeconomic policy is more erratic in countries that are rich in natural resources, especially minerals and fuels, and in those that receive large aid inflows. Poor institutions also play a role. Although Africa is a major receiver of aid and exporter of natural resources, this is …
Bond Spreads and Economic Activity in Eight European Economies
We provide new insights into the relationship between financial market tightness and real activity, using a new database of corporate bonds issued in eight European countries. Bond spreads have a significant negative relationship with four real activity variables at horizons 1–8 quarters ahead. The relationship is robust to adding measures of monetary policy tightness and leading indicators, providing strong support for models previously only eva…
Credibility and Disinflation in the European Monetary System
Analysis of interest differentials in the European Monetary System has suggested a widespread lack of credibility of the Exchange Rate Mechanism in the sense that in most countries the implicit expected rate of devaluation was significant and not far short of inflation differentials vis‐à‐vis the deutschmark. We present and test a model in which prices reflect expectations of exchange rate behaviour. The results provide mixed evidence that price‐…
Manufactured exports of developing countries and their terms of trade since 1965
Macroeconomic Theory and the Great Depression Revisited
On the evidence of trade-cycle theory, pre-Keynesian macroeconomics recog nized that unemployment in depressions was involuntary in the sense o f not being caused by excessive real wages. But pre-Keynesian theory was ignorant of the notion of an effective demand constraint and advo cated measures to stimulate demand on the basis of their impact on ou tput decisions at the individual-firm level rather than on the level of aggregate demand. The wid…
The Keynesian Revolution and its Critics
Journal Article The Keynesian Revolution and its Critics: Issues of Theory and Policy for the Monetary Production Economy Get access The Keynesian Revolution and its Critics: Issues of Theory and Policy for the Monetary Production Economy. By Gordon A. Fletcher. (Basingstoke: Macmillan, 1987. Pp. xxiii + 348. à à à à £35.00 hardback.) Michael Bleaney Michael Bleaney University of Nottingham Search for other works by this author on: Oxford Academi…
The present crisis in historical perspective
The present crisis of capitalism differs from that of the 1930s in major ways. Investment has not collapsed, macroeconomic policy has moved away from instead of towards Keynesian ideas, and economic class conflict has played an important role. The rise of class conflict is attributed to structural, political and ideological changes in the advanced capitalist countries, and macroeconomic policy developments are interpreted as a response to the res…
Tomlinson on full employment
The present crisis in historical perspective
The present crisis of capitalism differs from that of the 1930s in major ways. Investment has not collapsed, macroeconomic policy has moved away from instead of towards Keynesian ideas, and economic class conflict has played an important role. The rise of class conflict is attributed to structural, political and ideological changes in the advanced capitalist countries, and macroeconomic policy developments are interpreted as a response to the res…
Macroeconomic Theory and the Great Depression Revisited
On the evidence of trade-cycle theory, pre-Keynesian macroeconomics recog nized that unemployment in depressions was involuntary in the sense o f not being caused by excessive real wages. But pre-Keynesian theory was ignorant of the notion of an effective demand constraint and advo cated measures to stimulate demand on the basis of their impact on ou tput decisions at the individual-firm level rather than on the level of aggregate demand. The wid…
The Keynesian Revolution and its Critics
Journal Article The Keynesian Revolution and its Critics: Issues of Theory and Policy for the Monetary Production Economy Get access The Keynesian Revolution and its Critics: Issues of Theory and Policy for the Monetary Production Economy. By Gordon A. Fletcher. (Basingstoke: Macmillan, 1987. Pp. xxiii + 348. à à à à £35.00 hardback.) Michael Bleaney Michael Bleaney University of Nottingham Search for other works by this author on: Oxford Academi…
Monetary Targeting and Policy Credibility in a Non-Market-Clearing Model
Journal Article Monetary Targeting and Policy Credibility in a Non-Market-Clearing Model Get access Michael Bleaney Michael Bleaney University of Nottingham Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 101, Issue 406, 1 May 1991, Pages 473–482, https://doi.org/10.2307/2233553 Published: 01 May 1991
Companion to Contemporary Economic Thought
Journal Article Companion to Contemporary Economic Thought Get access Companion to Contemporary Economic Thought. By David Greenaway, Michael Bleaney and Ian M. T. Stewart. (London and New York: Routledge, 1991. Pp. xii + 858. £85.00 hardback. ISBN 0 415 02612 1.) Mark Blaug Mark Blaug University of Buckingham and University of Exeter Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 102, Issue …
Manufactured exports of developing countries and their terms of trade since 1965
Companion to Contemporary Economic Thought
Tax revenue instability, with particular reference to sub‐Saharan Africa
This article examines the temporal instability of tax revenues across a sample of developed and less developed countries. It is shown that instability is especially high in LDCs and is highest in open economies with low per capita income, high output variance and inflationary problems. Even allowing for these factors, revenue instability appears to be particularly high in sub‐Saharan Africa. Revenue instability can be expected, via the government…
Investment, trade liberalisation and structural adjustment
The disappointing investment response in developing countries to World Bank Structural Adjustment Lending (SALs) is considered in the light of a theoretical model of the impact of trade liberalisation and tightening balance‐of‐payments constraints on investment. The policy reforms under SALs are not as conducive to increased investment as they may appear to be at first sight. The tendency of countries to apply for SALs when confronted with seriou…
Macroeconomic stability, investment and growth in developing countries
Credibility and Disinflation in the European Monetary System
Analysis of interest differentials in the European Monetary System has suggested a widespread lack of credibility of the Exchange Rate Mechanism in the sense that in most countries the implicit expected rate of devaluation was significant and not far short of inflation differentials vis‐à‐vis the deutschmark. We present and test a model in which prices reflect expectations of exchange rate behaviour. The results provide mixed evidence that price‐…
Financial liberalisation and private investment
Fiscal policy and growth
The impact of terms of trade and real exchange rate volatility on investment and growth in sub-Saharan Africa
Exchange rate regimes, inflation and output volatility in developing countries
Some International Evidence on Poverty Alleviation and Economic Growth
The Regional Impact of Trade Liberalization in a Model with Congestion Costs à la Helpman
Moncarz P. E. and Bleaney M. The regional impact of trade liberalization in a model with congestion costs à la Helpman, Regional Studies. The effects of the liberalization of international trade are analysed in a New Economic Geography model of a country with an asymmetrical distribution of housing between regions. Labour is mobile between regions, but not between countries. Trade liberalization tends to reduce inequalities in the distribution of…
How different are the correlates of onset and continuation of civil wars
It is very common to analyse the factors associated with the onset and continuation of civil wars entirely separately, as if there were likely to be no similarity between them. This is an overstatement of the theoretical position, which has established only that they may be different (i.e. less than perfectly correlated). The hypothesis that the explanatory variables are the same is not theoretically excludable and is empirically testable, both f…
Natural Resource Exports, Fiscal Policy Volatility and Growth
The combination of poor institutions and erratic macroeconomic policy, as measured by the volatility of fiscal policy, is associated with slower growth. We show that macroeconomic policy is more erratic in countries that are rich in natural resources, especially minerals and fuels, and in those that receive large aid inflows. Poor institutions also play a role. Although Africa is a major receiver of aid and exporter of natural resources, this is …
Bond Spreads and Economic Activity in Eight European Economies
We provide new insights into the relationship between financial market tightness and real activity, using a new database of corporate bonds issued in eight European countries. Bond spreads have a significant negative relationship with four real activity variables at horizons 1–8 quarters ahead. The relationship is robust to adding measures of monetary policy tightness and leading indicators, providing strong support for models previously only eva…
The trade‐GDP ratio as a measure of openness
The ratio of trade to GDP is often used as a summary measure of a country's openness to the rest of the world. It is well‐known that the trade–GDP ratio is affected by relatively time‐invariant factors, such as country size and remoteness from trading partners, that can largely be controlled for in cross‐country panels by using country fixed effects. It is shown here that there are also other important, time‐varying influences on the trade‐GDP ra…
Economics (20 obras) · Monetary economics (11 obras) · International economics (9 obras) · Macroeconomics (9 obras) · Global Financial Crisis and Policies (8 obras) · Economic Theory and Policy (7 obras) · Monetary Policy and Economic Impact (7 obras) · Econometrics (6 obras) · Economic Growth and Productivity (6 obras) · Economic growth (5 obras)