Eric Nowell
University of Liverpool
23 Papers
135 Citations
Eric Nowell is an academic researcher from University of Liverpool. The author has contributed to research in topics: General equilibrium theory & Wage. The author has an hindex of 10, co-authored 23 publications.
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Papers
•Book
Should Britain Leave the EU?: An Economic Analysis of a Troubled Relationship
Anthony Patrick Leslie Minford,Vidya Mahambare,Eric Nowell +2 more
- 05 Jul 2005
TL;DR: In this paper, the authors argue that the EU has chosen to place political integration before market liberalisation and has followed policies of protection not merely in agriculture, but also in manufacturing trade, while leaving continental countries' restrictions on trade in services largely intact.
42
A new classical econometric model of the world economy
TL;DR: In this article, the authors describe the structure and properties of the Liverpool world model, a rational expectations model with endogenous capital flows and exchange rates, and the key difference between this model and most other multicountry models currently in use is the imposition of rational expectations and the modelling of wealth effects.
38
Nominal Contracting and Monetary Targets – Drifting into Indexation
TL;DR: In this article, the authors look for a theoretical justification of nominal wage contracts in household diversification of risk in a calibrated general equilibrium model and find from stochastic simulation that if both productivity and monetary shocks are temporary then optimal wage contracts are overwhelmingly nominal.
36
•Posted Content
The Elixir of Growth: Trade, Non-Traded Goods and Development
TL;DR: In this paper, the authors model the transfer of technology embodied in machinery to the manufacturing sector of those developing countries that institute the necessary property rights, and suggest a factor-price-based PPP method of measuring developing countries' GDP.
22
•Posted Content
Can the Facts of UK Inflation Persistence Be Explained by Nominal Rigidity
TL;DR: This paper examined UK post-war data and found that models with little nominal rigidity are best equipped to explain the persistence of inflation in the UK under changing monetary regimes, while models with high nominal rigidity cannot explain it.
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