Previous studies find that the interest rate term spread predicts real U.S. economic activity. We show that this relationship breaks down for the 1990s and suggest that its earlier success was due to...
The Effects of Japanese Interventions on FX-Forecast Heterogeneity (2009)
Reitz, Stefan, Stadtmann, Georg, Taylor, Mark P.
This paper investigates the determinants of forecast heterogeneity in the Yen-US dollar market using a panel data set from Consensus Economics. Regardless of the particular model specification and...
Financial Intermediation and the Role of Price Discrimination in a Two-Tier Market (2009)
Reitz, Stefan, Schmidt, Markus, Taylor , Mark P.
Though unambiguously outperforming all other financial markets in terms of liquidity, foreign exchange trading is still performed in opaque and decentralized markets. In particular, the two-tier...
Threshold Adjustment of Deviations from the Law of One Price (2008)
Juvenal, Luciana, Taylor, Mark P.
Using self-exciting threshold autoregressive models, we explore the validity of the law of one price (LOOP) for sixteen sectors in nine European countries. We find strong evidence of nonlinear mean...
Threshold Adjustment of Deviations from the Law of One Price (2008)
Juvenal, Luciana, Taylor, Mark P.
Using self-exciting threshold autoregressive models, we explore the validity of the law of one price (LOOP) for sixteen sectors in nine European countries. We find strong evidence of nonlinear mean...
Threshold Adjustment of Deviations from the Law of One Price (2008)
Juvenal, Luciana, Taylor, Mark P.
Using self-exciting threshold autoregressive models, we explore the validity of the law of one price (LOOP) for sixteen sectors in nine European countries. We find strong evidence of nonlinear mean...
Threshold Adjustment of Deviations from the Law of One Price (2008)
Juvenal, Luciana, Taylor, Mark P.
Using self-exciting threshold autoregressive models, we explore the validity of the law of one price (LOOP) for sixteen sectors in nine European countries. We find strong evidence of nonlinear mean...
Studies find the nominal term spread—the difference between long and short rates on government paper—to predict real economic activity in the United States. We find, however, that this...
Grundzüge der Volkswirtschaftslehre (2008)
Mankiw, Nicholas Gregory, Taylor, Mark P.
Originaltext vom Verlag; nicht vom SfBS bearbeitet.
Zhou, Naijun, Xue, Yuqing, Chen, John J J, Taylor, Mark.P.
In the production process of aluminium reduction cells, the anode bubble laden layer has several important influences on the performance of the aluminium reduction cells. Especially for a "drained...
Zhou, Naijun, Xue, Yuqing, Chen, John J J, Taylor, Mark.P.
In the production process of aluminium reduction cells, the anode bubble laden layer has several important influences on the performance of the aluminium reduction cells. Especially for a "drained...
Zhou, Naijun, Xue, Yuqing, Chen, John J J, Taylor, Mark.P.
In the production process of aluminium reduction cells, the anode bubble laden layer has several important influences on the performance of the aluminium reduction cells. Especially for a "drained...
Zhou, Naijun, Xue, Yuqing, Chen, John J J, Taylor, Mark.P.
In the production process of aluminium reduction cells, the anode bubble laden layer has several important influences on the performance of the aluminium reduction cells. Especially for a...
Viles, Heather A, Taylor, Mark P, Nicoll, Kathleen, Neumann, Stuart
The Naukluft Mountains on the eastern edge of the central Namib Desert contain numerous, largely inactive, fluvial tufas within headwater streams of the ephemeral Tsondab River which currently...
Ives, Christopher, Taylor, Mark P, Davies, Peter
The management, conservation and enhancement of biodiversity and ecological functioning within riparian bushland present significant challenges for many local councils, natural resource managers and...
Wright, Ian A, Davies, Peter, Wilks, David, Findlay, Sophia, Taylor, Mark P
A macroinvertebrate survey and water chemistry study of small coastal upland streams was conducted in the Ku-ring-gai Council area in the northern suburbs of Sydney. The purpose of this six year...
Taylor, Mark P., Davradakis, Emmanuel
We examine potential nonlinear behaviour in the conduct of monetary policy by the Bank of England. We find significant nonlinearity in this policy setting, and in particular that the standard Taylor...
Taylor, Mark P., Davradakis, Emmanuel
We examine potential nonlinear behaviour in the conduct of monetary policy by the Bank of England. We find significant nonlinearity in this policy setting, and in particular that the standard Taylor...
Taylor, Mark P., Davradakis, Emmanuel
We examine potential nonlinear behaviour in the conduct of monetary policy by the Bank of England. We find significant nonlinearity in this policy setting, and in particular that the standard Taylor...
Taylor, Mark P., Davradakis, Emmanuel
We examine potential nonlinear behaviour in the conduct of monetary policy by the Bank of England. We find significant nonlinearity in this policy setting, and in particular that the standard Taylor...
The role of asymmetries and regime shifts in the term structure of interest rates (2006)
Clarida, Richard H., Sarno, Lucio, Taylor, Mark P., Valente, Giorgio
We examine the term structure of interest rates for the United States, Germany, and Japan over the period 1982–2000, using a nonlinear multivariate vector equilibrium correction-modeling framework...
Taylor, Mark P., Davradakis, Emmanuel
We examine potential nonlinear behaviour in the conduct of monetary policy by the Bank of England. We find significant nonlinearity in this policy setting, and in particular that the standard Taylor...
1 The Obstinate Passion of Foreign Exchange Professionals: Technical Analysis (2006)
Lukas Menkhoff, Leibniz Universität Hannover, Mark P. Taylor, Lukas Menkhoff, Mark P. Taylor
Technical analysis involves the prediction of future exchange rate (or other asset-price) movements from an inductive analysis of past movements. A reading of the large literature on this topic...
Engineered reed beds for the treatment of potable water (2006)
Kuypers, Tabitha, Mackay, Alana, Taylor, Mark P
Mount Isa Water Board's Clear Water Lagoon is the only documented natural ftltration facility for potable water in Australia. This study evaluates the functionality and efficacy of the Clear Water...
Brierley, Gary J, Brooks, Andrew P, Fryirs, Kirstie, Taylor, Mark P
Clearance of riparian vegetation and removal of woody debris are perhaps the most pervasive of all forms of human disturbance to river courses. Geomorphic consequences of these impacts have varied...
Brierley, Gary J., Brooks, Andrew Pattrick, Fryirs, Kirstie, Taylor, Mark P.
Clearance of riparian vegetation and removal of woody debris are perhaps the most pervasive of all forms of human disturbance to river courses. Geomorphic consequences of these impacts have varied...
Brierley, Gary J., Brooks, Andrew Pattrick, Fryirs, Kirstie, Taylor, Mark P.
Clearance of riparian vegetation and removal of woody debris are perhaps the most pervasive of all forms of human disturbance to river courses. Geomorphic consequences of these impacts have varied...
Lothian, James R., Taylor, Mark P.
Using data for 1820-2001 for the US, the UK and France, we test for the presence of real effects on the equilibrium real exchange rate (the Harrod-Balassa-Samuelson, HBS effect) in an explicitly...
Lothian, James R., Taylor, Mark P.
Using long-span data on the dollar-sterling and dollar-franc real exchange rates over the past two centuries, we apply the findings of various strands of the recent literature in order to examine the...
Tufa deposits and biological activity, Riversleigh, northwestern Queensland (2003)
Carthew, Karen D, Drysdale, Russell N, Taylor, Mark P
5 page(s)
Drysdale, Russell N, Carthew, Karen D, Taylor, Mark P
Caddis-fly larvae (Order: Trichoptera; Family: Hydropsychidae; Genus: Cheumatopsyche) build distinctive nets and retreats on the surface of tufa deposits in spring-fed rivers of the Barkly karst,...
Drysdale, Russell N., Carthew, Karen D., Taylor, Mark P.
Caddis-fly larvae (Order: Trichoptera; Family: Hydropsychidae; Genus: Cheumatopsyche) build distinctive nets and retreats on the surface of tufa deposits in spring-fed rivers of the Barkly karst,...
Prepared Ashoka Mody, Mark P. Taylor
We examine the determinants of capital flows to four developing countries during the 1990s using an explicitly disequilibrium econometric framework in which the supply and demand for capital are not...
Drysdale, Russell N., Carthew, Karen D., Taylor, Mark P.
Caddis-fly larvae (Order: Trichoptera; Family: Hydropsychidae; Genus: Cheumatopsyche) build distinctive nets and retreats on the surface of tufa deposits in spring-fed rivers of the Barkly karst,...
Drysdale, Russell N., Carthew, Karen D., Taylor, Mark P.
Caddis-fly larvae (Order: Trichoptera; Family: Hydropsychidae; Genus: Cheumatopsyche) build distinctive nets and retreats on the surface of tufa deposits in spring-fed rivers of the Barkly karst,...
Drysdale, Russell N, Taylor, Mark P, Ihlenfeld, Christian
Groundwaters feeding travertine-depositing rivers of the northeastern segment of the Barkly karst (NW Queensland, Australia) are of comparable chemical composition, allowing a detailed investigation...
Wilkins, Shelley J, Compton, Richard G, Viles, Heather A, Taylor, Mark P
Carbonate building materials are prone to decay through natural processes of dissolution, which are often enhanced under acidic environmental conditions. A technique has been devised which links...
Drysdale, Russell N., Taylor, Mark P., Ihlenfeld, Christian
Groundwaters feeding travertine-depositing rivers of the northeastern segment of the Barkly karst (NW Queensland, Australia) are of comparable chemical composition, allowing a detailed investigation...
Drysdale, Russell N., Taylor, Mark P., Ihlenfeld, Christian
Groundwaters feeding travertine-depositing rivers of the northeastern segment of the Barkly karst (NW Queensland, Australia) are of comparable chemical composition, allowing a detailed investigation...
Drysdale, Russell N., Taylor, Mark P., Ihlenfeld, Christian
Groundwaters feeding travertine-depositing rivers of the northeastern segment of the Barkly karst (NW Queensland, Australia) are of comparable chemical composition, allowing a detailed investigation...
Real Exchange Rate Dynamics in Transition Economies: A Nonlinear Analysis (2001)
Taylor , Mark P., Sarno , Lucio
We examine the behavior of the real exchange rates of nine transition economies during the 1990s. We propose an empirical model rationalized on the basis of standard economic models in the tradition...
Real Exchange Rate Dynamics in Transition Economies: A Nonlinear Analysis (2001)
Taylor , Mark P., Sarno , Lucio
We examine the behavior of the real exchange rates of nine transition economies during the 1990s. We propose an empirical model rationalized on the basis of standard economic models in the tradition...
Real Exchange Rate Dynamics in Transition Economies: A Nonlinear Analysis (2001)
Taylor , Mark P., Sarno , Lucio
We examine the behavior of the real exchange rates of nine transition economies during the 1990s. We propose an empirical model rationalized on the basis of standard economic models in the tradition...
Real Exchange Rate Dynamics in Transition Economies: A Nonlinear Analysis (2001)
Taylor , Mark P., Sarno , Lucio
We examine the behavior of the real exchange rates of nine transition economies during the 1990s. We propose an empirical model rationalized on the basis of standard economic models in the tradition...
Risky Arbitrage, Limits of Arbitrage, and Nonlinear Adjustment in the Dividend-Price Ratio (2001)
Gallagher, Liam A., Taylor, Mark P.
We provide a simple test of two alternative views of arbitrage activity: the risky arbitrage hypothesis and the limits of arbitrage hypothesis. For the U.S., the speed of reversion of the market log...
My home was my castle: Evictions and repossessions in Britain (2000)
: Using data for 1991 to 1997 from the British Household Panel Survey we investigate the incidence of housing finance problems, evictions and repossessions. Previous research on repossessions and...
Unemployment duration and exit states in Britain (2000)
René Böheim, Mark P. Taylor, Jel J C
: This paper presents new evidence on the determinants of unemployment duration for men and women in Britain in the 1990s, using a nationally representative data set. It examines the impact of...
Unemployment Persistence (1998)
Wiji Arulampalam, Alison L. Booth, Mark P. Taylor, Nee Narendranathan
We estimate dynamic panel data models of unemployment incidence of British men, in order to disentangle the effects of unobserved individual heterogeneity and true state dependence. We also control...
Capital Flows to Developing Countries: Long- and Short-Term Determinants (1997)
This article focuses on the determinants of the large portfolio flows from the United States to Latin American and Asian countries during 1988–92. Cointegration techniques reveal that both domestic...
The Changing Picture Of Male Unemployment In Britain (1996)
This paper uses panel and retrospective life history data from an important new data source - the British Household Panel Survey - to establish some stylised facts about the unemployment experiences...
Clarida, Richard H., Taylor, Mark P.
This paper revisits one of the oldest questions in international finance: does the forward exchange rate contain useful information about of the future path of the spot exchange rate? We present a...
Threshold Adjustment of Deviations from the Law of One Price
Luciana Juvenal, Mark P. Taylor
Using self-exciting threshold autoregressive models, we explore the validity of the law of one price (LOOP) for sixteen sectors in nine European countries. We find strong evidence of nonlinear mean...
Bank of England Interest Rate Announcements and the Foreign Exchange Market
Michael Melvin, Christian Saborowski, Michael Sager, Mark P. Taylor
Since 1997, the Bank of England Monetary Policy Committee (MPC) has met monthly to set the UK policy interest rate. We examine evidence of systematic patterns in exchange rate movements on MPC days...
Financial Intermediation and the Role of Price Discrimination in a Two-Tier Market
Reitz, Stefan, Schmidt, Markus, Taylor , Mark P.
Though unambiguously outperforming all other financial markets in terms of liquidity, foreign exchange trading is still performed in opaque and decentralized markets. In particular, the two-tier...
The Effects of Japanese Interventions on FX-Forecast Heterogeneity
Reitz, Stefan, Stadtmann, Georg, Taylor, Mark P.
This paper investigates the determinants of forecast heterogeneity in the Yen-US dollar market using a panel data set from Consensus Economics. Regardless of the particular model specification and...
Financial intermediation and the role of price discrimination in a two-tier market
Reitz, Stefan, Schmidt, Markus A., Taylor, Mark P.
Though unambiguously outperforming all other financial markets in terms of liquidity, foreign exchange trading is still performed in opaque and decentralized markets. In particular, the two-tier...
The Crisis in the Foreign Exchange Market
Michael Melvin, Mark P. Taylor
The financial crisis of 2007-2008 had major implications for the foreign exchange market. We review events and implications for exchange rates, volatility, returns to currency investing, and...
Modern Perspectives on the Gold Standard
Bayoumi,Tamim, Eichengreen,Barry, Taylor,Mark P.
Currency crises in Europe and Mexico during the 1990s provided stark reminders of the importance and the fragility of international financial markets. These experiences led some commentators to...
Policy Issues in the Operation of Currency Unions
Masson,Paul R., Taylor,Mark P.
This book provides an overview as well as the latest research on currency unions - geographical areas throughout which a single currency circulates as the medium of exchange. The issues discussed are...
The Economics of Exchange Rates
Sarno,Lucio, Taylor,Mark P., Frankel,Jeffery A.
In the last few decades exchange rate economics has seen a number of developments, with substantial contributions to both the theory and empirics of exchange rate determination. Important...
Modern Perspectives on the Gold Standard
Bayoumi,Tamim, Eichengreen,Barry, Taylor,Mark P.
Currency crises in Europe and Mexico during the 1990s provided stark reminders of the importance and the fragility of international financial markets. These experiences led some commentators to...
The Crisis in the Foreign Exchange Market
Melvin, Michael, Taylor, Mark P
We provide an overview of the important events of the recent global financial crisis and their implications for exchange rates and market dynamics. Our goal is to catalogue all that was truly of...
Real Exchange Rate Dynamics in Transition Economies: A Nonlinear Analysis
We examine the behavior of the real exchange rates of nine transition economies during the 1990s. We propose an empirical model rationalized on the basis of standard economic models in the tradition...
Threshold Adjustment of Deviations from the Law of One Price
Luciana Juvenal, Mark P. Taylor
Using self-exciting threshold autoregressive models, we explore the validity of the law of one price (LOOP) for sixteen sectors in nine European countries. We find strong evidence of nonlinear mean...
Mark P. Taylor, Emmanuel Davradakis
We examine potential nonlinear behaviour in the conduct of monetary policy by the Bank of England. We find significant nonlinearity in this policy setting, and in particular that the standard Taylor...
The global financial crisis: Causes, threats and opportunities. Introduction and overview
Melvin, Michael, Taylor, Mark P.
This essay introduces the papers presented at a conference held in April 2009 on the global financial crisis. The issue begins with four articles that survey the key events and analyze important...
The crisis in the foreign exchange market
Melvin, Michael, Taylor, Mark P.
We provide an overview of the important events of the recent global financial crisis and their implications for exchange rates and market dynamics. Our goal is to catalogue all that was truly of...