Pierre L. Siklos
Balsillie School of International Affairs
386 Papers
2.4K Citations
Pierre L. Siklos is an academic researcher from Balsillie School of International Affairs. The author has contributed to research in topics: Monetary policy & Inflation. The author has an hindex of 38, co-authored 370 publications. Previous affiliations of Pierre L. Siklos include Stellenbosch University & University of Oxford.
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Papers
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Great Inflations of the 20th Century
TL;DR: The problems associated with chronically high inflation and hyperinflation continue to preoccupy policy makers and economists as mentioned in this paper, and the problem of chronic high inflation is one of the most important issues in economics.
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Central Bank Credibility: An Historical and Quantitative Exploration
TL;DR: In this article, the authors provide empirical measures of central bank credibility and augment these with historical narratives from eleven countries, focusing on measures of inflation expectations, the mean reversion properties of inflation, and indicators of exchange rate risk.
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Armageddon and the stock market: US, Canadian and Mexican market responses to the 1962 Cuban missile crisis
TL;DR: In this article, the authors focus on the 1% left tail of the distribution, that is, just the very largest negative returns, and find that US uncertainty is now seen to have a significant negative impact on returns across each of the US, Canadian and Mexican markets.
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The Behavior of Short-Term Interest Rates: International Evidence of Non-Linear Adjustment
Alfred A. Haug,Pierre L. Siklos +1 more
TL;DR: In this paper, the authors show that the short-term interest rate movements are better explained via the exponential smooth transition autoregression (ESTR), usually via a non-linear approach.
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What's in a Second Opinion? Shadowing the ECB and the Bank of England
TL;DR: The authors explore differences between shadow and actual committee decisions based on an adapted Taylor rule and report a few systematic differences especially in the case of euro area shadow committee when the data are disaggregated according to the background of the shadow members, and when the member's country of origin is considered.