Sean Holly
Biographic Data
| ID | 5729429 |
|---|---|
| NAME | Sean Holly |
| GIVEN NAMES | Sean |
| FAMILY NAME | Holly |
| SIGNATURE | HOLLY S |
| AFFILIATIONS | University of Cambridge |
| VERIFIED | No |
| TOTAL WORKS | 13 |
| TOTAL CITATIONS | 54 |
| AUTHOR COUNT | 13 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1989 |
| LATEST PUBLICATION YEAR | 2012 |
| H-INDEX | 4 |
Factor Demand Linkages, Technology Shocks, and the Business Cycle
This paper argues that factor demand linkages can be important for the transmission of both sectoral and aggregate shocks. We show this using a panel of highly disaggregated manufacturing sectors together with sectoral structural VARs. When sectoral interactions are explicitly accounted for, a contemporaneous technology shock to all manufacturing sectors implies a positive response in both output and hours at the aggregate level. Otherwise there …
The spatial and temporal diffusion of house prices in the UK
A spatio-temporal model of house prices in the USA
Macroeconomic Instability and Business Exit
We study the impact of the macroeconomic environment on business exit in a world where acquisition and bankruptcy are co‐determined. We estimate competing risk hazard regression models using data on UK quoted firms spanning a 38‐year period that witnessed several business cycles. We find that the processes determining bankruptcies and acquisitions depend on the macroeconomic environment. In particular, macroeconomic instability has opposing effec…
The Business Cycle, Macroeconomic Shocks and the Cross‐Section
We bring to light a significant aspect of firm level heterogeneity over the business cycle. Analysing the responsiveness of firm growth (quoted UK companies) to aggregate shocks, we find that the effects of aggregate shocks are more pronounced for firms in the middle range of growth. Rapidly growing and rapidly declining firms are less sensitive to aggregate shocks than firms in the interior of the growth range. This is consistent with the fact t…
Asymmetric Adjustment Costs, Asymmetric Pricing and Employment
This paper uses an asymmetric multivariate model to investigate asymmetries in employment and pricing behaviour by firms. This generalises the approach of Granger and Lee (1989) and also exploits the cross equation restrictions on the equations for prices and employment implied by a restricted cost function—the dual to a Cobb‐Douglas production function. Our results suggest that both prices and employment respond asymmetrically to shocks to costs…
Statistical Properties of UK House Prices
The statistical properties of UK house prices are considered at a disaggregated level, where disaggregation occurs according to the age, or 'vintage', of the housing. Given the frequency of transactions in the housing market and the sophistication of the estate agent system, it might be expected that the series would share long-run relationships and be subject to common short-run shocks. It is found via conventional techniques that both the long-…
Software Reviews
Software Reviews Get access Sean Holly, Sean Holly University of Cambridge Search for other works by this author on: Oxford Academic Google Scholar Paul Turner Paul Turner University of Sheffield Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 108, Issue 450, 1 September 1998, Pages 1621–1639, https://doi.org/10.1111/1468-0297.00362 Published: 27 December 2001
Exchange Rate Uncertainty and Export Performance
Unpredictable fluctuations in the exchange rate can increase the uncertainty that suppliers face in overseas markets if contracts are written in foreign currency. There is an extensive literature on how the volatility of exchange rates can affect trade patterns. In this paper, the author does two things. First he examines how exchange rate uncertainty can affect both the supply of and demand for exports. He then uses a generalized ARCH process to…
Uk Exports of Manufactures
The authors estimate a model of U.K. exports of manufactures, separating supply and demand effects, in order to test whether the supply side reforms of the 1980s have improved export performance. M. Landesmann and A. Snell (1989) have argued recently that the income elasticity of the demand for U.K. exports has increased over the 1980s. The authors find the income elasticity has fallen. They can explain Landesmann and Snell's results if their mod…
Optimal Control, Expectations and Uncertainty
Journal Article Optimal Control, Expectations and Uncertainty Get access Optimal Control, Expectations and Uncertainty. By SEAN HOLLY and ANDREW HUGHES-HALLET. (Cambridge and New York: Cambridge University Press, 1989. Pp. ix + 244. à à à à £25.00 hardback. ISBN 0521 264448.) Richard F. Hartl Richard F. Hartl Vienna Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 101, Issue 407, 1 July 1991, P…
Productivity and US Economic Growth
Journal Article Productivity and US Economic Growth Get access Productivity and US Economic Growth. By D. W. JORGENSON, F. M. GOLLOP and B. FRAUMENI. (Amsterdam: North-Holland, 1989. Pp. 566. Dfl. 135.00 hardback. ISBN o 444 70353 5.) Sean Holly Sean Holly London Business School Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 100, Issue 399, 1 March 1990, Pages 274–275, https://doi.org/10.2307…
Empirical Macroeconomics for Interdependent Economies
Journal Article Empirical Macroeconomics for Interdependent Economies Get access Empirical Macroeconomics for Interdependent Economies. Edited by RALPH BRYANT et al. (Washington D.C.: The Brookings Institution, 1988. Pp. xvii + 342. £30.50 hardback. ISBN 0 8157 1140 9). Sean Holly Sean Holly London Business School Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 99, Issue 397, 1 September 1989,…
The spatial and temporal diffusion of house prices in the UK
Productivity and US Economic Growth
Journal Article Productivity and US Economic Growth Get access Productivity and US Economic Growth. By D. W. JORGENSON, F. M. GOLLOP and B. FRAUMENI. (Amsterdam: North-Holland, 1989. Pp. 566. Dfl. 135.00 hardback. ISBN o 444 70353 5.) Sean Holly Sean Holly London Business School Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 100, Issue 399, 1 March 1990, Pages 274–275, https://doi.org/10.2307…
Statistical Properties of UK House Prices
The statistical properties of UK house prices are considered at a disaggregated level, where disaggregation occurs according to the age, or 'vintage', of the housing. Given the frequency of transactions in the housing market and the sophistication of the estate agent system, it might be expected that the series would share long-run relationships and be subject to common short-run shocks. It is found via conventional techniques that both the long-…
The Business Cycle, Macroeconomic Shocks and the Cross‐Section
We bring to light a significant aspect of firm level heterogeneity over the business cycle. Analysing the responsiveness of firm growth (quoted UK companies) to aggregate shocks, we find that the effects of aggregate shocks are more pronounced for firms in the middle range of growth. Rapidly growing and rapidly declining firms are less sensitive to aggregate shocks than firms in the interior of the growth range. This is consistent with the fact t…
Empirical Macroeconomics for Interdependent Economies
Journal Article Empirical Macroeconomics for Interdependent Economies Get access Empirical Macroeconomics for Interdependent Economies. Edited by RALPH BRYANT et al. (Washington D.C.: The Brookings Institution, 1988. Pp. xvii + 342. £30.50 hardback. ISBN 0 8157 1140 9). Sean Holly Sean Holly London Business School Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 99, Issue 397, 1 September 1989,…
Macroeconomic Instability and Business Exit
We study the impact of the macroeconomic environment on business exit in a world where acquisition and bankruptcy are co‐determined. We estimate competing risk hazard regression models using data on UK quoted firms spanning a 38‐year period that witnessed several business cycles. We find that the processes determining bankruptcies and acquisitions depend on the macroeconomic environment. In particular, macroeconomic instability has opposing effec…
Exchange Rate Uncertainty and Export Performance
Unpredictable fluctuations in the exchange rate can increase the uncertainty that suppliers face in overseas markets if contracts are written in foreign currency. There is an extensive literature on how the volatility of exchange rates can affect trade patterns. In this paper, the author does two things. First he examines how exchange rate uncertainty can affect both the supply of and demand for exports. He then uses a generalized ARCH process to…
Empirical Macroeconomics for Interdependent Economies
Journal Article Empirical Macroeconomics for Interdependent Economies Get access Empirical Macroeconomics for Interdependent Economies. Edited by RALPH BRYANT et al. (Washington D.C.: The Brookings Institution, 1988. Pp. xvii + 342. £30.50 hardback. ISBN 0 8157 1140 9). Sean Holly Sean Holly London Business School Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 99, Issue 397, 1 September 1989,…
Productivity and US Economic Growth
Journal Article Productivity and US Economic Growth Get access Productivity and US Economic Growth. By D. W. JORGENSON, F. M. GOLLOP and B. FRAUMENI. (Amsterdam: North-Holland, 1989. Pp. 566. Dfl. 135.00 hardback. ISBN o 444 70353 5.) Sean Holly Sean Holly London Business School Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 100, Issue 399, 1 March 1990, Pages 274–275, https://doi.org/10.2307…
Uk Exports of Manufactures
The authors estimate a model of U.K. exports of manufactures, separating supply and demand effects, in order to test whether the supply side reforms of the 1980s have improved export performance. M. Landesmann and A. Snell (1989) have argued recently that the income elasticity of the demand for U.K. exports has increased over the 1980s. The authors find the income elasticity has fallen. They can explain Landesmann and Snell's results if their mod…
Optimal Control, Expectations and Uncertainty
Journal Article Optimal Control, Expectations and Uncertainty Get access Optimal Control, Expectations and Uncertainty. By SEAN HOLLY and ANDREW HUGHES-HALLET. (Cambridge and New York: Cambridge University Press, 1989. Pp. ix + 244. à à à à £25.00 hardback. ISBN 0521 264448.) Richard F. Hartl Richard F. Hartl Vienna Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 101, Issue 407, 1 July 1991, P…
Exchange Rate Uncertainty and Export Performance
Unpredictable fluctuations in the exchange rate can increase the uncertainty that suppliers face in overseas markets if contracts are written in foreign currency. There is an extensive literature on how the volatility of exchange rates can affect trade patterns. In this paper, the author does two things. First he examines how exchange rate uncertainty can affect both the supply of and demand for exports. He then uses a generalized ARCH process to…
Software Reviews
Software Reviews Get access Sean Holly, Sean Holly University of Cambridge Search for other works by this author on: Oxford Academic Google Scholar Paul Turner Paul Turner University of Sheffield Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 108, Issue 450, 1 September 1998, Pages 1621–1639, https://doi.org/10.1111/1468-0297.00362 Published: 27 December 2001
Statistical Properties of UK House Prices
The statistical properties of UK house prices are considered at a disaggregated level, where disaggregation occurs according to the age, or 'vintage', of the housing. Given the frequency of transactions in the housing market and the sophistication of the estate agent system, it might be expected that the series would share long-run relationships and be subject to common short-run shocks. It is found via conventional techniques that both the long-…
Asymmetric Adjustment Costs, Asymmetric Pricing and Employment
This paper uses an asymmetric multivariate model to investigate asymmetries in employment and pricing behaviour by firms. This generalises the approach of Granger and Lee (1989) and also exploits the cross equation restrictions on the equations for prices and employment implied by a restricted cost function—the dual to a Cobb‐Douglas production function. Our results suggest that both prices and employment respond asymmetrically to shocks to costs…
The Business Cycle, Macroeconomic Shocks and the Cross‐Section
We bring to light a significant aspect of firm level heterogeneity over the business cycle. Analysing the responsiveness of firm growth (quoted UK companies) to aggregate shocks, we find that the effects of aggregate shocks are more pronounced for firms in the middle range of growth. Rapidly growing and rapidly declining firms are less sensitive to aggregate shocks than firms in the interior of the growth range. This is consistent with the fact t…
Macroeconomic Instability and Business Exit
We study the impact of the macroeconomic environment on business exit in a world where acquisition and bankruptcy are co‐determined. We estimate competing risk hazard regression models using data on UK quoted firms spanning a 38‐year period that witnessed several business cycles. We find that the processes determining bankruptcies and acquisitions depend on the macroeconomic environment. In particular, macroeconomic instability has opposing effec…
A spatio-temporal model of house prices in the USA
The spatial and temporal diffusion of house prices in the UK
Factor Demand Linkages, Technology Shocks, and the Business Cycle
This paper argues that factor demand linkages can be important for the transmission of both sectoral and aggregate shocks. We show this using a panel of highly disaggregated manufacturing sectors together with sectoral structural VARs. When sectoral interactions are explicitly accounted for, a contemporaneous technology shock to all manufacturing sectors implies a positive response in both output and hours at the aggregate level. Otherwise there …
Economics (12 works) · Econometrics (7 works) · Monetary economics (4 works) · Monetary Policy and Economic Impact (4 works) · Political science (4 works) · Business cycle (3 works) · Computer Science (3 works) · Economic history (3 works) · Finance (3 works) · Finance (3 works)