WorldCat Identities

Smith, Gregor W.

Overview
Works: 45 works in 92 publications in 1 language and 430 library holdings
Genres: Textbooks  History  Fiction 
Roles: Author, Editor
Classifications: HB172.5, 339
Publication Timeline
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Most widely held works about Gregor W Smith
 
Most widely held works by Gregor W Smith
Consumption and real exchange rates in professional forecasts by Michael B Devereux( )

18 editions published between 2009 and 2010 in English and held by 95 WorldCat member libraries worldwide

Standard models of international risk sharing with complete asset markets predict a positive association between relative consumption growth and real exchange-rate depreciation across countries. The striking lack of evidence for this link the consumption/real-exchange-rate anomaly or Backus-Smith puzzle - has prompted research on risk-sharing indicators with incomplete asset markets. That research generally implies that the association holds in forecasts, rather than realizations. Using professional forecasts for 28 countries for 1990-2008 we find no such association, thus deepening the puzzle. Independent evidence on the weak link between forecasts for consumption and real interest rates suggests that the presence of 'hand-to-mouth' consumers may help to resolve the anomaly
The missing links : better measures of inflation and inflation expectations in Canada by Gregor W Smith( )

6 editions published in 2009 in English and held by 83 WorldCat member libraries worldwide

This Commentary deals with the question of how to measure the price level underlying the inflation rate that the Bank of Canada targets. It argues that monetary policy can depend in important ways upon which price index is used in the inflation target and also upon which indexes the Bank uses as sources of information. It reviews the arguments for various choices of target price index and the lessons yielded by recent research, both on price-level measurement per se and on optimal monetary policy. This review leads to two categories of recommendations for the Bank of Canada, the Department of Finance, Statistics Canada, and economic forecasters.--Document
Distance and time effects in Swedish commodity prices, 1732-1914 by Mario J Crucini( )

4 editions published in 2016 in English and held by 57 WorldCat member libraries worldwide

We study the role of distance and time in statistically explaining price dispersion across 32 Swedish towns for 19 commodities from 1732 to 1914. The resulting large number of relative prices (502,689) allows precise estimation of distance and time effects, and their interaction. We find an effect of distance that declines significantly over time, beginning in the 18th century, well before the arrival of canals, the telegraph, or the railway
Commodity Currencies and Monetary Policy by Michael B Devereux( )

4 editions published in 2018 in English and held by 40 WorldCat member libraries worldwide

Countries that specialize in commodity exports often exhibit a correlation between the relevant commodity price and the value of their currency. We explore a natural but little-studied explanation for this correlation. An increase in the commodity price leads to increases in the future values of the international differential in policy interest rates. The tightening of expected future monetary policy relative to the US then leads to an immediate appreciation. We show theoretically that this correlation depends on the stance of monetary policy. We then derive a statistical model that embodies this mechanism and test the over-identifying restrictions for Australia, Canada, and New Zealand. For all three countries, controlling for the effect of commodity prices in predicting current and future monetary policy leaves them no significant, remaining role in statistically explaining exchange rates
Macroeconomics by Andrew B Abel( Book )

5 editions published between 1995 and 2003 in English and held by 38 WorldCat member libraries worldwide

Intermediate Macroeconomics. This text is a treatment of the competing classical and Keynesian approaches in the market
Geographic barriers to commodity price integration : evidence from US cities and Swedish towns, 1732-1860 by Mario J Crucini( )

1 edition published in 2014 in English and held by 22 WorldCat member libraries worldwide

We study the role of distance and time in statistically explaining price dispersion for 14 commodities from 1732 to 1860. The prices are reported for US cities and Swedish market towns, so we can compare international and intranational dispersion. Distance and commodity-specific fixed effects explain a large share -- roughly 60% -- of the variability in a panel of more than 230,000 relative prices over these 128 years. There was a negative "ocean effect": international dispersion was less than would be predicted using distance, narrowing the effective ocean by more than 3000 km. The absolute effect of distance declined over time beginning in the 18th century. This process of convergence was broad- based, across commodities and locations (both national and international). But there was a major interruption in convergence in the late 18th and early 19th centuries, at the time of the Napoleonic Wars, stopping the process by two or three decades on average
Forward-looking, stochastic cash-management and the demand for money by Gregor W Smith( Book )

3 editions published in 1986 in English and held by 8 WorldCat member libraries worldwide

Suez and Sterling, 1956 by Adam Klug( Book )

1 edition published in 1997 in English and held by 6 WorldCat member libraries worldwide

International risk sharing and economic growth by Michael B Devereux( Book )

2 editions published in 1991 in English and held by 6 WorldCat member libraries worldwide

International risk-sharing which diversifies away income risk will reduce saving, with constant relative risk aversion. If growth arises from the external effects of human capital accumulation then reducing saving will reduce growth. Welfare also may fall with risk-sharing, because endogenous growth with external effects of capital accumulation typically implies a competitive equilibrium growth rate already less than the optimal growth rate. We demonstrate these results in standard, representative-agent and overlapping-generations economies. In the same economies diversifying away rate-of-return risk also will reduce saving and growth rates if relative risk aversion exceeds one
Testing a government's present-value borrowing constraint by Gregor W Smith( Book )

2 editions published in 1987 in English and held by 5 WorldCat member libraries worldwide

Apparent bubbles and misspecified fundamentals by Gregor W Smith( Book )

3 editions published in 1987 in English and held by 5 WorldCat member libraries worldwide

Calibration as estimation by Allan Gregory( Book )

2 editions published in 1987 in English and held by 4 WorldCat member libraries worldwide

Realistic cross-country consumption correlations in a two-country, equilibrium, business cycle model by Michael B Devereux( Book )

2 editions published in 1990 in English and held by 4 WorldCat member libraries worldwide

Calibration as testing : Type 1 error in the equity premium puzzle by Allan Gregory( Book )

2 editions published in 1988 in English and held by 4 WorldCat member libraries worldwide

Menu-cost pricing theory and endogenous conditional heteroskedasticity by Gregor W Smith( Book )

2 editions published in 1987 in English and held by 4 WorldCat member libraries worldwide

How informative are preliminary announcements of the money stock in Canada? by Ross Milbourne( Book )

2 editions published in 1988 in English and held by 4 WorldCat member libraries worldwide

Stochastic process switching and the return to gold, 1925 by Gregor W Smith( Book )

1 edition published in 1988 in English and held by 4 WorldCat member libraries worldwide

Measuring business cycles with business-cycle models by Allan Gregory( Book )

2 editions published in 1994 in English and held by 4 WorldCat member libraries worldwide

The spectator in four volumes by Joseph Addison( Book )

in English and held by 4 WorldCat member libraries worldwide

The Spectator was a daily publication that had a fictional narrator, Mr. Spectator. The first number is dedicated to his life story. Mr. Spectator speaks very little, communicating mainly through facial gestures. His unassuming profile enables him to circulate widely throughout society and fulfill his position as "spectator". He comments on the habits, foibles, and social faux pas of his fellow citizens. He also notes the irony of his volubility in prose compared to his taciturnity in daily life. The second number of The Spectator introduces the members of the "Spectator Club", Mr. Spectator's close friends. This device provides the authors with a cast of secondary characters to be drawn on in stories and examples of social conduct. In order to foster an inclusive ethos, the club members are drawn from many different walks of life. The best known of these characters is Sir Roger de Coverley, an English squire of Queen Anne's reign. He exemplifies the values of an old country gentleman, and is portrayed as lovable but somewhat ridiculous, making his Tory politics seem harmless but silly. Will Honeycomb is a "rake" who "is very ready at that sort of discourse with which men usually entertain women". (No. 2) He is reformed near the end of The Spectator when he marries. Andrew Freeport is a merchant, and the club also includes a general and a priest
Distance and Time Effects in Swedish Commodity Prices, 1732@0394@03BC1914 by Mario J Crucini( )

1 edition published in 2016 in English and held by 3 WorldCat member libraries worldwide

Abstract: We study the role of distance and time in statistically explaining price dispersion across 32 Swedish towns for 19 commodities from 1732 to 1914. The resulting large number of relative prices (502,689) allows precise estimation of distance and time effects, and their interaction. We find an effect of distance that declines significantly over time, beginning in the 18th century, well before the arrival of canals, the telegraph, or the railway
 
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