Details about David Papell

Homepage:	http://www.uh.edu/~dpapell/
Postal address:	Department of Economics 204 McElhinney University of Houston Houston, TX 77204
Workplace:	Department of Economics, University of Houston, (more information at EDIRC)

Access statistics for papers by David Papell.

Last updated 2024-09-05. Update your information in the RePEc Author Service.

Short-id: ppa73

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Working Papers

2015

1. Taylor Rule Deviations and Out-of-Sample Exchange Rate Predictability
   Working Papers, Department of Economics, Appalachian State University View citations (7)
   See also Journal Article Taylor rule deviations and out-of-sample exchange rate predictability, Journal of International Money and Finance, Elsevier (2016) View citations (14) (2016)

2013

2. The (Un)Reliability of Real-Time Output Gap Estimates with Revised Data
   Working Papers, Department of Economics, Appalachian State University View citations (16)
   See also Journal Article The (un)reliability of real-time output gap estimates with revised data, Economic Modelling, Elsevier (2013) View citations (16) (2013)

2012

3. Taylor Rule Exchange Rate Forecasting During the Financial Crisis
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
   See also Chapter Taylor Rule Exchange Rate Forecasting during the Financial Crisis, NBER Chapters, National Bureau of Economic Research, Inc (2012) View citations (33) (2012)
   Journal Article Taylor Rule Exchange Rate Forecasting during the Financial Crisis, NBER International Seminar on Macroeconomics, University of Chicago Press (2013) View citations (23) (2013)

2011

4. Convergence of Euro Area Inflation Rates
   Working papers, Banque de France View citations (7)
   Also in MPRA Paper, University Library of Munich, Germany (2010)
   MPRA Paper, University Library of Munich, Germany (2010) View citations (6)
   See also Journal Article Convergence of Euro area inflation rates, Journal of International Money and Finance, Elsevier (2012) View citations (36) (2012)
5. Median-Unbiased Estimation in DF-GLS Regressions and the PPP Puzzle
   Working papers, Banque de France View citations (1)
   Also in University of Cincinnati, Economics Working Papers Series, University of Cincinnati, Department of Economics (2003) View citations (1)
   University of Cincinnati, Economics Working Papers Series, University of Cincinnati, Department of Economics (2008) View citations (1)
   MPRA Paper, University Library of Munich, Germany (2009) View citations (2)
   Post-Print, HAL (2011) View citations (1)
   See also Journal Article Median-unbiased estimation in DF-GLS regressions and the PPP puzzle, Applied Economics, Taylor & Francis Journals (2013) View citations (3) (2013)

2010

6. Testing for Group-Wise Convergence with an Application to Euro Area Inflation
   University of Cincinnati, Economics Working Papers Series, University of Cincinnati, Department of Economics View citations (4)

2008

7. Inflation Persistence and the Taylor Principle
   MPRA Paper, University Library of Munich, Germany View citations (13)
8. Taylor Rules and the Euro
   MPRA Paper, University Library of Munich, Germany View citations (7)
   See also Journal Article Taylor Rules and the Euro, Journal of Money, Credit and Banking, Blackwell Publishing (2011) View citations (4) (2011)

2006

9. Are Real GDP Levels Trend, Difference, or Regime-Wise Trend Stationary? Evidence from Panel Data Tests Incorporating Structural Change
   Working Papers, Sam Houston State University, Department of Economics and International Business
   See also Journal Article Are Real GDP Levels Trend, Difference, or Regime‐Wise Trend Stationary? Evidence from Panel Data Tests Incorporating Structural Change, Southern Economic Journal, John Wiley & Sons (2007) View citations (1) (2007)

2004

10. State of the Art Unit Root Tests and Purchasing Power Parity
    University of Cincinnati, Economics Working Papers Series, University of Cincinnati, Department of Economics View citations (19)
    Also in Macroeconomics, University Library of Munich, Germany (2003) View citations (10)
    See also Journal Article State of the Art Unit Root Tests and Purchasing Power Parity, Journal of Money, Credit and Banking, Blackwell Publishing (2005) View citations (81) (2005)

2003

11. Convergence to Purchasing Power Parity at the Commencement of the Euro
    University of Cincinnati, Economics Working Papers Series, University of Cincinnati, Department of Economics View citations (4)
    Also in Macroeconomics, University Library of Munich, Germany (2003) View citations (5)
    See also Journal Article Convergence to Purchasing Power Parity at the Commencement of the Euro*, Review of International Economics, Wiley Blackwell (2007) View citations (48) (2007)

2000

12. The Purchasing Power Parity Persistence Paradigm
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (52)
    See also Journal Article The purchasing power parity persistence paradigm, Journal of International Economics, Elsevier (2002) View citations (192) (2002)

1998

13. The Great Appreciation, the Great Depreciation, and the Purchasing Power Parity Hypothesis
    Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) View citations (7)
    See also Journal Article The great appreciation, the great depreciation, and the purchasing power parity hypothesis, Journal of International Economics, Elsevier (2002) View citations (98) (2002)
14. Unit Roots, Postwar Slowdowns and Long-Run Growth: Evidence from Two Structural Breaks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in Working Papers, Tel Aviv (1996) View citations (5)
    See also Journal Article Unit roots, postwar slowdowns and long-run growth: Evidence from two structural breaks, Empirical Economics, Springer (2003) View citations (126) (2003)

1997

15. International Trade and Structural Change
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (35)
    See also Journal Article International trade and structural change, Journal of International Economics, Elsevier (1997) View citations (37) (1997)
16. Slowdowns and Meltdowns: Postwar Growth Evidence from 74 Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations (4)
    Working Papers, Tel Aviv (1996) View citations (14)
    See also Journal Article Slowdowns And Meltdowns: Postwar Growth Evidence From 74 Countries, The Review of Economics and Statistics, MIT Press (1998) View citations (112) (1998)
17. Structural Change and International Trade
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (30)
    Also in Foerder Institute for Economic Research Working Papers, Tel-Aviv University > Foerder Institute for Economic Research (1996) View citations (1)
    Working Papers, Tel Aviv (1996) View citations (3)

1996

18. Inflation Convergence Within the European Union: A Panel Data Analysis
    MPRA Paper, University Library of Munich, Germany View citations (2)
    See also Journal Article Inflation Convergence within the European Union: A Panel Data Analysis, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (1997) View citations (52) (1997)
19. Some Evidence on the Continuity of the Growth Process Among the G7 Countries
    Working Papers, Tel Aviv View citations (8)
    See also Journal Article Some Evidence on the Continuity of the Growth Process among the G-7 Countries, Economic Inquiry, Western Economic Association International (2000) View citations (26) (2000)
20. The Unit Root Hypothesis in Long-term Output: Evidence from Two Structural Breaks for 16 Countries
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)

1995

21. The Great War, The Great Crash and Steady State Growth: Some New Evidence an Old Stylized Fact
    Working Papers, Tel Aviv - the Sackler Institute of Economic Studies View citations (35)

1994

22. The Great Wars, The Great Crash, and the Unit Root Hypothesis: Some New Evidence About an Old Stylized Fact
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1994) View citations (11)

1988

23. EXPECTATIONS AND EXCHANGE RATE DYNAMICS AFTER A DECADE OF FLOATING
    Working Papers, Houston - Department of Economics View citations (15)
    See also Journal Article Expectations and exchange rate dynamics after a decade of floating, Journal of International Economics, Elsevier (1988) View citations (17) (1988)
24. IS THE SDR A COMPETITIVE ASSET?
    Working Papers, Houston - Department of Economics
25. MONETARY POLICY IN THE UNITES STATES UNDER FLEXIBLE EXCHANGE RATES
    Working Papers, Houston - Department of Economics
    See also Journal Article Monetary Policy in the United States under Flexible Exchange Rates, American Economic Review, American Economic Association (1989) View citations (9) (1989)

1985

26. Exchange Rate and Current Account Dynamics Under Rational Expectations: An Econometric Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Exchange Rate and Current Account Dynamics under Rational Expectations: An Econometric Analysis, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1986) View citations (1) (1986)

1984

27. Monetarist Monetary Policy, Exchange Risk, and Exchange Rate Variability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

1983

28. Activist Monetary Policy and Exchange Rate Overshooting: The Deutsche Mark/Dollar Rate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article Activist monetary policy and exchange-rate overshooting: The Deutsche mark/dollar rate, Journal of International Money and Finance, Elsevier (1984) View citations (4) (1984)
29. Activist Monetary Policy, Imperfect Capital Mobility, and the Overshooting Hypothesis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Activist monetary policy, imperfect capital mobility, and the overshooting hypothesis, Journal of International Economics, Elsevier (1985) View citations (7) (1985)

Journal Articles

2022

1. Policy Rules Consistent with the FOMC’s Longer-Run Goals and Monetary Policy Strategy
   The Economists' Voice, 2022, 19, (2), 147-160 View citations (2)

2021

2. Monetary policy rules in practice: The case of Israel
   International Review of Economics & Finance, 2021, 76, (C), 308-320
3. Policy Rules and Economic Performance
   Journal of Macroeconomics, 2021, 68, (C) View citations (1)

2020

4. Long-run purchasing power parity redux
   Journal of International Money and Finance, 2020, 109, (C) View citations (5)

2019

5. The Taylor principles
   Journal of Macroeconomics, 2019, 62, (C) View citations (5)

2017

6. The Yellen rules
   Journal of Macroeconomics, 2017, 54, (PA), 59-71

2016

7. Taylor rule deviations and out-of-sample exchange rate predictability
   Journal of International Money and Finance, 2016, 69, (C), 22-44 View citations (14)
   See also Working Paper Taylor Rule Deviations and Out-of-Sample Exchange Rate Predictability, Working Papers (2015) View citations (7) (2015)

2015

8. MARKOV SWITCHING AND THE TAYLOR PRINCIPLE
   Macroeconomic Dynamics, 2015, 19, (4), 913-930 View citations (11)

2014

9. Deviations from rules-based policy and their effects
   Journal of Economic Dynamics and Control, 2014, 49, (C), 4-17 View citations (46)
10. Long run time series tests of constant steady-state growth
    Economic Modelling, 2014, 42, (C), 464-474 View citations (9)
11. Median-unbiased estimation of structural change models: an application to real exchange rate persistence
    Applied Economics, 2014, 46, (27), 3300-3311 View citations (4)

2013

12. Median-unbiased estimation in DF-GLS regressions and the PPP puzzle
    Applied Economics, 2013, 45, (4), 455-464 View citations (3)
    See also Working Paper Median-Unbiased Estimation in DF-GLS Regressions and the PPP Puzzle, Working papers (2011) View citations (1) (2011)
13. Taylor Rule Exchange Rate Forecasting during the Financial Crisis
    NBER International Seminar on Macroeconomics, 2013, 9, (1), 55 - 97 View citations (23)
    See also Chapter Taylor Rule Exchange Rate Forecasting during the Financial Crisis, NBER Chapters, 2012, 55-97 (2012) View citations (33) (2012)
    Working Paper Taylor Rule Exchange Rate Forecasting During the Financial Crisis, NBER Working Papers (2012) View citations (33) (2012)
14. Taylor's Rule Versus Taylor Rules
    International Finance, 2013, 16, (1), 71-93 View citations (4)
15. The (un)reliability of real-time output gap estimates with revised data
    Economic Modelling, 2013, 33, (C), 713-721 View citations (16)
    See also Working Paper The (Un)Reliability of Real-Time Output Gap Estimates with Revised Data, Working Papers (2013) View citations (16) (2013)

2012

16. Convergence of Euro area inflation rates
    Journal of International Money and Finance, 2012, 31, (6), 1440-1458 View citations (36)
    See also Working Paper Convergence of Euro Area Inflation Rates, Working papers (2011) View citations (7) (2011)
17. Taylor rules and the Great Inflation
    Journal of Macroeconomics, 2012, 34, (4), 903-918 View citations (18)
18. The Statistical Behavior of GDP after Financial Crises and Severe Recessions
    The B.E. Journal of Macroeconomics, 2012, 12, (3), 31 View citations (25)

2011

19. Taylor Rules and the Euro
    Journal of Money, Credit and Banking, 2011, 43, (2‐3), 535-552 View citations (4)
    Also in Journal of Money, Credit and Banking, 2011, 43, 535-552 (2011) View citations (40)
    See also Working Paper Taylor Rules and the Euro, MPRA Paper (2008) View citations (7) (2008)

2009

20. Out-of-sample exchange rate predictability with Taylor rule fundamentals
    Journal of International Economics, 2009, 77, (2), 167-180 View citations (272)

2008

21. Taylor rules with real-time data: A tale of two countries and one exchange rate
    Journal of Monetary Economics, 2008, 55, (Supplement 1), S63-S79 View citations (135)

2007

22. Are Real GDP Levels Trend, Difference, or Regime‐Wise Trend Stationary? Evidence from Panel Data Tests Incorporating Structural Change
    Southern Economic Journal, 2007, 74, (1), 104-113 View citations (1)
    See also Working Paper Are Real GDP Levels Trend, Difference, or Regime-Wise Trend Stationary? Evidence from Panel Data Tests Incorporating Structural Change, Working Papers (2006) (2006)
23. Convergence to Purchasing Power Parity at the Commencement of the Euro*
    Review of International Economics, 2007, 15, (1), 1-16 View citations (48)
    See also Working Paper Convergence to Purchasing Power Parity at the Commencement of the Euro, University of Cincinnati, Economics Working Papers Series (2003) View citations (4) (2003)
24. Purchasing power parity and country characteristics: Evidence from panel data tests
    Journal of Development Economics, 2007, 83, (1), 240-251 View citations (64)
25. RESTRICTED STRUCTURAL CHANGE AND THE UNIT ROOT HYPOTHESIS
    Economic Inquiry, 2007, 45, (4), 834-853 View citations (23)

2006

26. Additional Evidence of Long-Run Purchasing Power Parity with Restricted Structural Change
    Journal of Money, Credit and Banking, 2006, 38, (5), 1329-1349 View citations (77)
27. Testing for Purchasing Power Parity using stationary covariates
    Applied Financial Economics, 2006, 16, (1-2), 29-39 View citations (36)
28. The Panel Purchasing Power Parity Puzzle
    Journal of Money, Credit and Banking, 2006, 38, (2), 447-467 View citations (24)

2005

29. Do Panels Help Solve the Purchasing Power Parity Puzzle?
    Journal of Business & Economic Statistics, 2005, 23, 410-415 View citations (47)
30. State of the Art Unit Root Tests and Purchasing Power Parity
    Journal of Money, Credit and Banking, 2005, 37, (2), 361-69 View citations (81)
    See also Working Paper State of the Art Unit Root Tests and Purchasing Power Parity, University of Cincinnati, Economics Working Papers Series (2004) View citations (19) (2004)
31. The purchasing power parity puzzle is worse than you think
    Empirical Economics, 2005, 30, (3), 783-790 View citations (51)

2004

32. The Uncertain Unit Root in U.S. Real GDP: Evidence with Restricted and Unrestricted Structural Change
    Journal of Money, Credit and Banking, 2004, 36, (3), 423-27 View citations (42)

2003

33. Unit roots, postwar slowdowns and long-run growth: Evidence from two structural breaks
    Empirical Economics, 2003, 28, (2), 303-319 View citations (126)
    See also Working Paper Unit Roots, Postwar Slowdowns and Long-Run Growth: Evidence from Two Structural Breaks, NBER Working Papers (1998) View citations (11) (1998)

2002

34. Purchasing Power Parity under the Gold Standard
    Southern Economic Journal, 2002, 69, (1), 72-91
35. The great appreciation, the great depreciation, and the purchasing power parity hypothesis
    Journal of International Economics, 2002, 57, (1), 51-82 View citations (98)
    See also Working Paper The Great Appreciation, the Great Depreciation, and the Purchasing Power Parity Hypothesis, Working Papers (1998) View citations (7) (1998)
36. The purchasing power parity persistence paradigm
    Journal of International Economics, 2002, 56, (1), 1-19 View citations (192)
    See also Working Paper The Purchasing Power Parity Persistence Paradigm, Econometric Society World Congress 2000 Contributed Papers (2000) View citations (52) (2000)

2001

37. The Choice of Numeraire Currency in Panel Tests of Purchasing Power Parity
    Journal of Money, Credit and Banking, 2001, 33, (3), 790-803 View citations (104)

2000

38. Some Evidence on the Continuity of the Growth Process among the G-7 Countries
    Economic Inquiry, 2000, 38, (2), 320-30 View citations (26)
    See also Working Paper Some Evidence on the Continuity of the Growth Process Among the G7 Countries, Working Papers (1996) View citations (8) (1996)
39. The Structure of Unemployment
    The Review of Economics and Statistics, 2000, 82, (2), 309-315 View citations (149)

1999

40. Convergence of international output Time series evidence for 16 OECD countries
    International Review of Economics & Finance, 1999, 8, (3), 267-280 View citations (112)
41. Long-run purchasing power parity with short-run data: evidence with a null hypothesis of stationarity
    Journal of International Money and Finance, 1999, 18, (5), 751-768 View citations (54)

1998

42. Exchange rate determination and inflation in Southeast Asian countries
    Journal of Development Economics, 1998, 55, (2), 421-437 View citations (17)
43. Increasing evidence of purchasing power parity over the current float
    Journal of International Money and Finance, 1998, 17, (1), 41-50 View citations (105)
44. Quasi Purchasing Power Parity
    International Journal of Finance & Economics, 1998, 3, (4), 279-89 View citations (121)
45. Slowdowns And Meltdowns: Postwar Growth Evidence From 74 Countries
    The Review of Economics and Statistics, 1998, 80, (4), 561-571 View citations (112)
    See also Working Paper Slowdowns and Meltdowns: Postwar Growth Evidence from 74 Countries, NBER Working Papers (1997) View citations (20) (1997)

1997

46. Cointegration and exchange rate dynamics
    Journal of International Money and Finance, 1997, 16, (3), 445-459 View citations (12)
47. Inflation Convergence within the European Union: A Panel Data Analysis
    International Journal of Finance & Economics, 1997, 2, (3), 189-98 View citations (52)
    See also Working Paper Inflation Convergence Within the European Union: A Panel Data Analysis, MPRA Paper (1996) View citations (2) (1996)
48. International trade and structural change
    Journal of International Economics, 1997, 43, (3-4), 513-523 View citations (37)
    See also Working Paper International Trade and Structural Change, NBER Working Papers (1997) View citations (35) (1997)
49. Is There a Unit Root in the Inflation Rate? Evidence from Sequential Break and Panel Data Models
    Journal of Applied Econometrics, 1997, 12, (4), 435-44 View citations (142)
50. Multiple Trend Breaks And The Unit-Root Hypothesis
    The Review of Economics and Statistics, 1997, 79, (2), 212-218 View citations (802)
51. Searching for stationarity: Purchasing power parity under the current float
    Journal of International Economics, 1997, 43, (3-4), 313-332 View citations (343)

1996

52. Are U.S. regional incomes converging? Some further evidence
    Journal of Monetary Economics, 1996, 38, (3), 587-598 View citations (77)

1995

53. Real exchange rates under the gold standard: can they be explained by the trend break model?
    Journal of International Money and Finance, 1995, 14, (4), 539-548 View citations (26)
54. The great wars, the great crash, and steady state growth: Some new evidence about an old stylized fact
    Journal of Monetary Economics, 1995, 36, (3), 453-475 View citations (114)
55. Trend Breaks and the Unit-Root Hypothesis for Newly Industrializing and Newly Exporting Countries
    Review of International Economics, 1995, 3, (3), 264-74 View citations (6)

1994

56. Exchange Rates and Prices: An Empirical Analysis
    International Economic Review, 1994, 35, (2), 397-410 View citations (12)
57. Monetary policy in Japan: Internal or external targets?
    Japan and the World Economy, 1994, 6, (4), 359-374

1992

58. Can equilibrium models explain nominal exchange regime non-neutrality? Evidence from the European monetary system
    Journal of International Money and Finance, 1992, 11, (1), 96-106 View citations (1)
59. Exchange rate and price dynamics under adaptive and rational expectations: An empirical analysis
    Journal of International Money and Finance, 1992, 11, (4), 382-396 View citations (2)

1991

60. Chaos Theory and Microeconomics: An Application to Model Specification and Hedonic Estimation
    The Review of Economics and Statistics, 1991, 73, (2), 208-15 View citations (7)

1989

61. Monetary Policy in the United States under Flexible Exchange Rates
    American Economic Review, 1989, 79, (5), 1106-16 View citations (9)
    See also Working Paper MONETARY POLICY IN THE UNITES STATES UNDER FLEXIBLE EXCHANGE RATES, Working Papers (1988) (1988)

1988

62. About Two Marks: Refugees and the Exchange Rate before the Berlin Wall
    American Economic Review, 1988, 78, (3), 531-42 View citations (1)
63. Expectations and exchange rate dynamics after a decade of floating
    Journal of International Economics, 1988, 25, (3-4), 303-317 View citations (17)
    See also Working Paper EXPECTATIONS AND EXCHANGE RATE DYNAMICS AFTER A DECADE OF FLOATING, Working Papers (1988) View citations (15) (1988)

1986

64. Exchange Rate and Current Account Dynamics under Rational Expectations: An Econometric Analysis
    International Economic Review, 1986, 27, (3), 583-600 View citations (1)
    See also Working Paper Exchange Rate and Current Account Dynamics Under Rational Expectations: An Econometric Analysis, NBER Working Papers (1985) (1985)

1985

65. Activist monetary policy, imperfect capital mobility, and the overshooting hypothesis
    Journal of International Economics, 1985, 18, (3-4), 219-240 View citations (7)
    See also Working Paper Activist Monetary Policy, Imperfect Capital Mobility, and the Overshooting Hypothesis, NBER Working Papers (1983) View citations (1) (1983)

1984

66. Activist monetary policy and exchange-rate overshooting: The Deutsche mark/dollar rate
    Journal of International Money and Finance, 1984, 3, (3), 293-310 View citations (4)
    See also Working Paper Activist Monetary Policy and Exchange Rate Overshooting: The Deutsche Mark/Dollar Rate, NBER Working Papers (1983) View citations (2) (1983)
67. Anticipated and unanticipated disturbances: The dynamics of the exchange rate and the current account
    Journal of International Money and Finance, 1984, 3, (2), 179-193

Chapters

2016

1. Policy Rule Legislation in Practice
   Chapter 2 in Central Bank Governance & Oversight Reform, 2016 View citations (3)

2012

2. Taylor Rule Exchange Rate Forecasting during the Financial Crisis
   A chapter in NBER International Seminar on Macroeconomics 2012, 2012, pp 55-97 View citations (33)
   See also Journal Article Taylor Rule Exchange Rate Forecasting during the Financial Crisis, University of Chicago Press (2013) View citations (23) (2013)
   Working Paper Taylor Rule Exchange Rate Forecasting During the Financial Crisis, National Bureau of Economic Research, Inc (2012) View citations (33) (2012)