WorldCat Identities

Miles, David K.

Overview
Works: 47 works in 145 publications in 2 languages and 484 library holdings
Genres: Textbooks 
Roles: Author, Editor, Honoree
Publication Timeline
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Most widely held works about David K Miles
 
Most widely held works by David K Miles
Macroeconomics : understanding the global economy by David Miles( Book )

2 editions published between 2012 and 2014 in German and English and held by 90 WorldCat member libraries worldwide

A revised and updated edition of a very successful macroeconomics textbook. The authors deal with sophisticated issues using advanced economic theory, but in a manner that is accessible to anyone taking a single course in macroeconomics. They begin with real-world economic issues, and describe why these matter, before embarking on economic theory, ensuring that readers emerge with a good practical understanding of the global economy and how economists think about it
The economics of public spending( Book )

9 editions published between 2003 and 2008 in English and held by 44 WorldCat member libraries worldwide

This work investigates the extent of government involvement in the economy and its rationale, tracing its historical record. The book unites articles previously published in "Fiscal Studies", each one addressing a different area of expenditure and written by an economist with an international reputation in that field. Both the data and the relevant theory are analysed and an introduction investigates the overall role of the public sector, discussing the general theory of public expenditure
Testing for short-termism in the UK stock market by David K Miles( Book )

4 editions published in 1992 in English and held by 24 WorldCat member libraries worldwide

Funded and unfunded pensions : risk return and welfare by David K Miles( Book )

8 editions published in 2000 in English and held by 23 WorldCat member libraries worldwide

Risk, return and portfolio allocation under alternative pension arrangements with imperfect financial markets by David K Miles( Book )

4 editions published in 2001 in English and held by 22 WorldCat member libraries worldwide

An empirical model of companies' debt and dividend decisions : Evidence from company accounts data by G Chowdhury( Book )

6 editions published between 1986 and 1987 in English and held by 21 WorldCat member libraries worldwide

An empirical model of company short-term financial decisions : evidence from company accounts data by G Chowdhury( Book )

2 editions published in 1986 in English and held by 20 WorldCat member libraries worldwide

Recent developments in the pattern of UK interest rates by David K Miles( Book )

2 editions published in 1989 in English and held by 18 WorldCat member libraries worldwide

A multivariate GARCH in mean estimation of the capital asset pricing model by S. G Hall( Book )

4 editions published in 1988 in English and held by 18 WorldCat member libraries worldwide

Optimal portfolio allocation for corporate pension funds by David McCarthy( Book )

10 editions published between 2007 and 2011 in English and held by 18 WorldCat member libraries worldwide

We model the asset allocation decision of a stylized corporate defined benefit pension plan in the presence of hedgeable and unhedgeable risks. We assume that plan fiduciaries--who make the asset allocation decision--face non-linear payoffs linked to the plan's funding status because of the presence of pension insurance and a sponsoring employer who may share any shortfall or pension surplus. We find that even simple asymmetries in payoffs have large and highly persistent effects on asset allocation, while unhedgeable risks exert only a small effect. We conclude that institutional details are crucial in understanding DB pension asset allocation
Optimal social security design by David K Miles( Book )

5 editions published in 2002 in English and held by 14 WorldCat member libraries worldwide

Measuring the risk of fincial institutions' portfolios : Some suggestions for alternative techniques using stock prices by S. G. F Hall( Book )

5 editions published in 1988 in English and held by 14 WorldCat member libraries worldwide

The relevance or otherwise of the central bank's balance sheet by David K Miles( Book )

10 editions published in 2014 in English and held by 12 WorldCat member libraries worldwide

This paper explores the impacts on an economy of a central bank changing the size and composition of its balance sheet. One of the ways in which such asset purchases could influence prices and demand is via portfolio balance effects. We develop and calibrate a simple OLG model in which risk-averse households hold money and bonds to insure against risk. Central bank asset purchases have the potential to affect households' choices by changing the composition and return of their asset portfolios. We find that the effect is weak, and that its size depends on how fiscal policy is conducted. That is not to say that the big expansion of central bank balance sheets in recent years has been ineffective. Our finding is rather that the portfolio balance channel evaluated in an environment of normally functioning (though nonetheless incomplete) asset markets is weak. That is not inconsistent with the evidence that large-scale asset purchases by central banks since 2008 have had significant effects, because those purchases were made when financial markets were, to varying extents, dysfunctional. Nonetheless our results are relevant to those purchases because they may be unwound in an environment where financial markets are no longer dysfunctional
The impact of changing demographics and pensions on the demand for housing and financial assets by Aleš Černý( Book )

10 editions published between 2003 and 2006 in English and held by 11 WorldCat member libraries worldwide

Optimal bank capital by David K Miles( Book )

6 editions published in 2011 in English and held by 11 WorldCat member libraries worldwide

This paper reports estimates of the long-run costs and benefits of banks funding more of their assets with loss-absorbing capital, or equity. Measuring those costs requires careful consideration of a wide range of issues about how shifts in funding affect required rates of return and on how costs are influenced by the tax system; it also requires a clear distinction to be drawn between costs to individual institutions (private costs) and overall economic (or social) costs. Without a calculation of the benefits from having banks use more equity no estimate of costs - however accurate - can tell us what the optimal level of bank capital is. We use empirical evidence on UK banks to assess costs; we use data from shocks to incomes from a wide range of countries over a long period to assess risks to banks and how equity funding (or capital) protects against those risks. We find that the amount of equity capital that is likely to be desirable for banks to use is very much larger than banks have used in recent years and also higher than targets agreed under the Basel III framework. -- Banks ; capital regulation ; capital structure ; cost of equity ; leverage ; Modigliani-Miller
Profitability and investment in British manufacturing by David K Miles( Book )

4 editions published in 1990 in English and Undetermined and held by 7 WorldCat member libraries worldwide

House prices, personal sector wealth and consumption : some conceptual and empirical issues by David K Miles( Book )

3 editions published in 1992 in English and held by 6 WorldCat member libraries worldwide

Financial liberalisation, the housing market and the current account by David K Miles( Book )

3 editions published in 1990 in English and held by 6 WorldCat member libraries worldwide

Monitoring bank risk : a market based approach by Stephen Hall( Book )

3 editions published in 1990 in English and held by 6 WorldCat member libraries worldwide

The predictability of stock returns : evidence from a panel of UK companies by David K Miles( Book )

3 editions published between 1992 and 1993 in English and held by 5 WorldCat member libraries worldwide

 
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Audience level: 0.79 (from 0.68 for The econom ... to 0.91 for Risk, retu ...)

The economics of public spending
Alternative Names
David Miles British economist

David Miles economista británico

David Miles économiste britannique

Miles, David 1959-

Miles, David D. 1959-

Miles, David K. 1959-

Дэвид Майлз

Languages
English (102)

German (1)

Covers