Search Results - "Whelan, Karl"

New tests of the new-Keynesian Phillips curve by Rudd, Jeremy, Whelan, Karl

“…Lagged dependent variables typically play an important role in empirical models of inflation. Do these lags reflect backward-looking inflation expectations, or…”
Get full text

Modeling Inflation Dynamics: A Critical Review of Recent Research by RUDD, JEREMY, WHELAN, KARL

“…In recent years, a broad academic consensus has arisen that favors using rational expectations sticky-price models to capture inflation dynamics. We review the…”
Get full text

A Two-Sector Approach to Modeling U.S. NIPA Data by Whelan, Karl

“…The one-sector Solow-Ramsey model is the most popular model of long-run economic growth. This paper argues that a two-sector approach, in which technological…”
Get full text

Can Rational Expectations Sticky-Price Models Explain Inflation Dynamics? by Rudd, Jeremy, Whelan, Karl

“…The canonical inflation specification in sticky-price rational expectations models (the new-Keynesian Phillips curve) is often criticized for failing to…”
Get full text

Understanding the dynamics of labor shares and inflation by Lawless, Martina, Whelan, Karl T.

“…Calvo-style models of nominal rigidities currently provide the dominant paradigm for understanding the linkages between wage and price dynamics. Recent…”
Get full text

US Taxation of Gambling Winnings and Incentives to Bet by Whelan, Karl

“…Sports betting is growing rapidly in the US after its legalization by the Supreme Court in 2018. This paper describes the treatment of gambling winnings and…”
Get full text

Risk aversion and favourite–longshot bias in a competitive fixed‐odds betting market by Whelan, Karl

“…Abstract Research on sports betting has generally found a favourite–longshot bias: bets on longshots lose more than bets on favourites. Existing research…”
Get full text

Technology shocks and hours worked: Checking for robust conclusions by Whelan, Karl T.

“…This paper presents some new results on the effects of technology shocks on hours worked based on structural VAR specifications containing various measures of…”
Get full text

On prices and returns in commercial prediction markets by Whelan, Karl

“…The Commodity Futures Trading Commission (CFTC) has recently licensed a commercial prediction market to operate in the US. With regulatory restrictions lifted,…”
Get full text

On optimal betting strategies with multiple mutually exclusive outcomes by Whelan, Karl

“…Abstract We examine the problem of how much risk‐averse agents would be willing to bet on events where there are multiple possible winners but only one will…”
Get full text

Ireland’s Economic Crisis: The Good, the Bad and the Ugly by Whelan, Karl

“…•This paper provides an overview of Ireland’s macroeconomic performance over the past decade.•Facts about the boom, bust and (currently limited) recovery are…”
Get full text

The past, present and future of euro area monetary-fiscal interactions by Whelan, Karl

“…The EU’s Treaties were designed to limit the interaction between fiscal and monetary policies. However, over the last decade, the introduction of the ECB’s…”
Get full text

A Model of QE, Reserve Demand, and the Money Multiplier by RYAN, ELLEN, WHELAN, KARL

“…Quantitative easing (QE) programs have driven unprecedented expansions in the supply of central bank reserves around the world over the past two decades,…”
Get full text

Did raising doing business scores boost GDP? by Adhikari, Tamanna, Whelan, Karl

“…We use the time series variation in the World Bank’s “distance to frontier” estimates of the ease of doing business to assess the effects of changes in this…”
Get full text

Quantitative easing and the hot potato effect: Evidence from euro area banks by Ryan, Ellen, Whelan, Karl

“…•We use bank-level data to examine the behaviour of reserves in the euro area banking system over the course of the ECB QE programme.•Previous research has…”
Get full text

Returns on complex bets: evidence from Asian Handicap betting on soccer by Hegarty, Tadgh, Whelan, Karl

“…PurposeThe Asian Handicap is a way to bet on soccer matches where payouts depend on an adjustment to the score that favors the weaker team. These bets can…”
Get full text

The Greek debt restructuring: an autopsy by Zettelmeyer, Jeromin, Trebesch, Christoph, Gulati, Mitu, Monacelli, Tommaso, Whelan, Karl

“…The Greek debt restructuring of 2012 stands out in the history of sovereign defaults. It achieved very large debt relief – over 50% of 2012 GDP – with minimal…”
Get full text

Open For Business? Institutions, Business Environment and Economic Development by Gillanders, Robert, Whelan, Karl

“…Summary Recent years have seen a significant focus in the literature on growth and development on the idea that legal and political institutions are the key…”
Get full text

TARGET2 and central bank balance sheets by Whelan, Karl, Westermann, Frank, Ilzetzki, Ethan

“…The eurozone's TARGET2 payments system has featured heavily in academic and popular discussions of the euro crisis. Some of this commentary has described the…”
Get full text

Sovereign default and the euro by Whelan, Karl

“…The introduction of the euro meant that countries with sovereign debt problems could not use monetization and devaluation as a way to prevent default. The…”
Get full text