Discussion Papers

Traditional empirical strategies for studying convergence—more generally, the dynamics and determinants of economic growth—can be misleading if...

We investigate on three exchange rate series the profitability of signals generated by the breaking of levels of support and resistance identified and...

Much macroeconometric discussion has recently emphasized the economic significance of the size of the permanent component in GNP. Consequently, a...

In the 1980s, the practice of listing stocks in several exchanges has become more frequent, and as a result investors have gained access to...

Following Lawrence Harris' (1989b) study of price clustering in stock prices, we examine the smae phenomenon in the forex market. The pattern of...

The model considered here is essentially that formulated in the author's previous paper Conditions for Optimality in the Infinite-Horizon Portfolio...

This paper is a sequel to [2], where a model of optimal accumulation of capital and portfolio choice over an infinite horizon in continuous time was...

A model of optimal accumulation of capital and portfolio choice over an infinite horizon in continuous time is considered in which the vector process...

A model of optimal accumulation of capital and portfolio choice over an infinite horizon in continuous time is formulated in which the vector process...

Charles Goodhart’s inaugural lecture at the London School of Economics in May 1987.