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I. CEU Courses
Advanced Macroeconomics: Monetary Theory

II. Links

A. Conference Organization:
Local Host 2005 Society of Economic Dynamics Meetings
Conference Website

B. Cardiff University Website:

http://www.cardiff.ac.uk/carbs/econ/gillmanm/index.html

 

C. Gillman at IDEAS

http://ideas.repec.org/e/pgi22.html

 


III. Recent Research Papers


A. Forthcoming

1. Cziraky, Dario and Max Gillman, 2006, "Money Demand in an EU Accession Country: A VECM Study of Croatia",

Bulletin of Economic Research, 58(2).

paper

2. Simon Feeney, Max Gillman, and Mark N Harris, 2006, “The Econometric Accounting of the Australian Corporate Tax Rates: a Firm Panel Example”,
Accounting Research Journal.

paper


B. Published

21. Benk, Szilard, Max Gillman and Michal Kejak, 2005, "A Comparison of Exchange Economies within a Monetary Business Cycle"
The Manchester School.

paper

20. Benk, Szilard, Max Gillman and Michal Kejak, 2005, "Credit Shocks in the Financial Deregulatory Era: Not the Usual Suspects",
Review of Economic Dynamics.

paper


19. Gillman, Max, and Oleg Yerokhin, 2005, “Ramsey-Friedman Optimality in a Banking Time Economy”,
Berkeley Electronic Journals in Macroeconomics: Topics in Macroeconomics;  Vol. 5, Issue 1, article 16.
http://www.bepress.com/bejm/topics/vol5/iss1/art16

paper

18. Gillman, M. and Michal Kejak, 2005, " Inflation and Balanced-Path Growth with Alternative Payment Mechanisms",
Economic Journal
, Vol 115 (January): 247-270.

paper

17. Gillman, Max, and Michal Kejak, 2005, “Contrasting Models of the Effect of Inflation on Growth”,
Journal of Economic Surveys (January).

paper

16. Gillman, Max and Anton Nakov, 2004, “Granger Causality of the Inflation-Growth Mirror in Accession Countries”,
Economics of Transition, Vol 12, number 4 (December): 653-682.

paper

15. Gillman, Max, and Michal Kejak, 2004, “The Demand for Bank Reserves and Other Monetary Aggregates”,
Economic Inquiry, July, 42(3):518-533.

paper

14. Gillman, Max, Mark Harris, and Laszlo Matyas, 2004, “Inflation and Growth: Explaining the Negative Effect”,
Empirical Economics, Vol 29, No. 1, (January): 149-167.

paper

Reprinted in
13. Baltagi, Badi H.(Ed.), 2004,
Studies in Empirical Economics
, “Panel Data: Theory and Applications”, Physica-Verlag.

12. Nakov, T. and Gillman, M., 2004, “Causality of the inflation-growth mirror in accession countries,” in Stojanov, D. and Culahovic, B., Eds.
From Transition to Development: Globalisation and Political Economy of Development in Transition Economies. Volume 1; Sarajevo: University of Sarajevo (ISBN 9958-605-58-9) pp. 55-75.

11. Cziraky, D. and Gillman, M., 2004, “Stable money demand and nominal money causality of output growth: A multivariate cointegration analysis of Croatia,” in Stojanov, D. and Culahovic, B., Eds.
From Transition to Development: Globalisation and Political Economy of Development in Transition Economies. Volume 1; Sarajevo: University of Sarajevo (ISBN 9958-605-58-9) pp. 95-129.

10. Gillman, Max, and Anton Nakov, 2003, “A Revised Tobin Effect from Inflation: Relative Input Price and Capital Ratio Realignments, US and UK, 1959-1999”,  
Economica, Vol 70, No. 279 (August): 439-451.
Working paper

9. Gillman, Max, 2002, “On Keynes’s Theory of the Aggregate Price Level in the Treatise: Any Help for Modern Aggregate Analysis?,”
European Journal of the History of Economic Thought
, Vol.9, No.3, September, pp. 430-451.

paper

8. Gillman, M. and Michal Kejak, 2002, "Modeling the Effect of Inflation: Growth, Levels, and Tobin" in
Proceedings of the 2002 North American Summer Meetings of the Econometric Society: Money, edited by David K. Levine, William Zame,
Lawrence Ausubel, Pierre-Andre Chiappori, Bryan Ellickson, Ariel Rubinstein and Larry Samuelson.
Conference Paper
http://www.dklevine.com/proceedings/money.htm

7. Gillman, Max, 2001, “Evaluating Government Policy in Transition Countries”, in
The Eastern Enlargement of the EU
, editors Marek Dabrowski, and Jacek Rostowski, Kluwer Academic Publishers, London, pp.89-109.

6. Gillman, Max, 2000, "On the Optimality of Restricting Credit: Inflation-Avoidance and Productivity",
Japanese Economic Review, Vol. 51, No. 3 (September): 375-390.

paper

5. Gillman, Max, 1998, “The Optimality of a Zero Inflation Rate: Australia", The
Australian Economic Review
; Vol.31, No.3, pp.211-223.

paper

4. Gillman, Max, Pierre Siklos and J.Lew Silver, 1997, "Money Velocity with Costly Credt ”,
Journal of Economic Research, 2: 179-207.

paper

3. Gillman, Max, 1995, "A Comparison of Partial and General Equilibrium Estimates of the Welfare Cost of Inflation", Contemporary Economic Policy, vol 13, No 4, October, pp.60-71.

2. Gillman, Max, 1994, "The Welfare Costs of Inflation in a Cash-in-Advance Model with Costly Credit" (Reprint),
chapter 10 in
The Theory of Inflation
, ed. Michael Parkin, The International Library of Critical Writings in Economics, An Elgar Reference Collection, volume 41, edited by Mark Blaug, Edwin Elgar, Aldershot, England, pp. 348-366.

1. Gillman, Max, 1993, "The Welfare Costs of Inflation in a Cash-in-Advance Model with Costly Credit",
Journal of Monetary Economics, vol.31, no.1, pp. 97-116. 

paper


C. A Working Paper

Szilard Benk, Max Gillman and Michal Kejak, "Credit Shocks in a Monetary Business Cycle", 2004.

paper



IV. Positions
-    
Professor, Cardiff Business School.
    Visiting Fellow, Department of Economics and Business Statistics, Monash University, December 2003, 2004.
    Research Associate, Hungarian Academy of the Sciences, Economics Institute, November 2003 to present.
    Professor, Central European University, 2005, currently on leave; Associate Professor, Department of Economics, Central European University, Budapest, Hungary, 2000 to 2005; Assistant Professor 1998-2000.
    International Faculty Fellow, Center for Policy Analysis, Central European University, September 2002 – August 2003.
    Visiting Researcher, Economics Institute, Academy of the Sciences of the Czech Republic, Prague, Czech Republic,
    September 1997 to August 1998.
    Visiting Fellow, Department of Economics, University of New South Wales, Sydney, Australia, July 1996 to July 1997.
    Visiting Research Fellow, The University of Melbourne, Department of Economics, Melbourne, Australia, January to July, 1996.