Ron Smith

Birkbeck College

Professor of Applied Economics

Malet Street

London WC1E 7HX

United Kingdom

SCHOLARLY PAPERS

32

DOWNLOADS
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SSRN RANKINGS

Top 14,397

in Total Papers Downloads

4,438

SSRN CITATIONS
Rank 2,587

SSRN RANKINGS

Top 2,587

in Total Papers Citations

127

CROSSREF CITATIONS

388

Scholarly Papers (32)

1.

Counterfactual Analysis in Macroeconometrics: An Empirical Investigation into the Effects of Quantitative Easing

Number of pages: 28 Posted: 16 Jun 2012
M. Hashem Pesaran and Ron Smith
University of Southern California - Department of Economics and Birkbeck College
Downloads 751 (43,052)
Citation 2

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counterfactuals, policy evaluation, macroeconomics, quantitative easing (QE), UK economic policy

2.
Downloads 429 ( 87,730)
Citation 79

Demographic Structure and Macroeconomic Trends

Banco de Espana Working Paper No. 1528
Number of pages: 68 Posted: 05 Oct 2015
Birkbeck University of London, Birkbeck College, University of London, Birkbeck College and University of London - Birkbeck College
Downloads 342 (112,241)
Citation 63

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population age profile, medium-term, output growth, innovation, lifecycle

Demographic Structure and Macroeconomic Trends

Number of pages: 64 Posted: 19 May 2016
Birkbeck University of London, Birkbeck College, University of London, Birkbeck College and University of London - Birkbeck College
Downloads 87 (367,907)
Citation 25

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population age profile, medium-term, output growth, innovation, life-cycle, Kuznets cycles

Supply, Demand and Monetary Policy Shocks in a Multi-Country New Keynesian Model

ECB Working Paper No. 1239
Number of pages: 55 Posted: 17 Sep 2010
European Central Bank (ECB), University of Southern California - Department of Economics, University of York - Department of Economics and Related Studies and Birkbeck College
Downloads 266 (146,771)

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Global VAR (GVAR), New Keynesian DSGE models, supply shocks, demand shocks, monetary policy shocks

Supply, Demand and Monetary Policy Shocks in a Multi-Country New Keynesian Model

Number of pages: 53 Posted: 15 Jun 2010
European Central Bank (ECB), University of Southern California - Department of Economics, University of York - Department of Economics and Related Studies and Birkbeck College
Downloads 163 (231,934)
Citation 1

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global VAR (GVAR), New Keynesian DSGE models, supply shocks, demand shocks, monetary policy shocks

4.

What If the UK Had Joined the Euro in 1999? An Empirical Evaluation Using a Global VAR

Number of pages: 58 Posted: 11 Jun 2005
University of Southern California - Department of Economics, Birkbeck College and University of York - Department of Economics and Related Studies
Downloads 365 (105,012)
Citation 4

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Global VAR (GVAR), Counterfactual Analysis, UK and Sweden entry to euro

5.

Small Sample Properties of Panel Time-Series Estimators with I(1) Errors

Birkbeck College Discussion Paper No. 3/2001, Cass Business School Research Paper
Number of pages: 32 Posted: 23 Jun 2001
Cass Business School, City University of London, University of Essex - Essex Business School and Birkbeck College
Downloads 341 (113,321)
Citation 13

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Monte Carlo, response surface, spurious regression, PPP

6.

Unobserved Heterogeneity in Panel Time Series Models

Birkbeck College Working Paper in Economics & Finance No. 0403, Cass Business School Research Paper
Number of pages: 25 Posted: 03 Nov 2004
Cass Business School, City University of London, University of Essex - Essex Business School and Birkbeck College
Downloads 265 (147,913)
Citation 20

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Factor analysis, global shocks, latent variables, Feldstein-Horioka, PPP

7.
Downloads 244 (160,575)
Citation 7

Beyond the DSGE Straitjacket

Number of pages: 16 Posted: 17 May 2011
M. Hashem Pesaran and Ron Smith
University of Southern California - Department of Economics and Birkbeck College
Downloads 204 (190,118)
Citation 1

Abstract:

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macroeconometric models, DSGE, VARs, long run theory

Beyond the DSGE Straitjacket

Number of pages: 17 Posted: 25 Apr 2011
M. Hashem Pesaran and Ron Smith
University of Southern California - Department of Economics and Birkbeck College
Downloads 40 (541,890)
Citation 1

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macroeconometric models, DSGE, VARs, long run theory

8.
Downloads 241 (162,536)
Citation 23

Macroeconometric Modelling with a Global Perspective

IEPR Working Paper No. 06.43, CESifo Working Paper Series No. 1659
Number of pages: 31 Posted: 20 Jan 2006
M. Hashem Pesaran and Ron Smith
University of Southern California - Department of Economics and Birkbeck College
Downloads 209 (185,858)
Citation 1

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Global VAR (GVAR), DSGE models, VARX

Macroeconometric Modelling with a Global Perspective

Manchester School, Vol. 74, No. S1, pp. 24-49, September 2006
Number of pages: 26 Posted: 17 Aug 2006
M. Hashem Pesaran and Ron Smith
University of Southern California - Department of Economics and Birkbeck College
Downloads 32 (586,715)
Citation 2
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Identification of New Keynesian Phillips Curves from a Global Perspective

Number of pages: 41 Posted: 12 Feb 2008
European Central Bank (ECB), University of Southern California - Department of Economics, University of York - Department of Economics and Related Studies and Birkbeck College
Downloads 151 (247,498)

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Global VAR (GVAR), identification, New Keynesian Phillips Curve, Trend-Cycle decomposition

Identification of New Keynesian Phillips Curves from a Global Perspective

Number of pages: 32 Posted: 23 May 2008
European Central Bank (ECB), University of Southern California - Department of Economics, University of York - Department of Economics and Related Studies and Birkbeck College
Downloads 51 (489,839)
Citation 1

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New Keynesian Phillips Curve, identification, Global VAR (GVAR), trend-cycle decomposition

10.

Counterfactual Analysis in Macroeconometrics: An Empirical Investigation into the Effects of Quantitative Easing

Number of pages: 27 Posted: 19 Jul 2012
M. Hashem Pesaran and Ron Smith
University of Southern California - Department of Economics and Birkbeck College
Downloads 178 (214,917)

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counterfactuals, policy evaluation, macroeconomics, quantitative easing (QE), UK economic policy

11.

The Economic Impact of Demographic Structure in OECD Countries

Number of pages: 36 Posted: 17 Oct 2012
Yunus Aksoy, Tobias Grasl and Ron Smith
Birkbeck University of London, University of London - Birkbeck College and Birkbeck College
Downloads 135 (269,934)

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demographic changes, macroeconomic variables, business cycle

12.
Downloads 129 (279,273)
Citation 24

On Identification of Bayesian DSGE Models

Number of pages: 39 Posted: 18 Apr 2011
Gary Koop, M. Hashem Pesaran and Ron Smith
University of Strathclyde, Glasgow - Strathclyde Business School - Department of Economics, University of Southern California - Department of Economics and Birkbeck College
Downloads 65 (435,300)

Abstract:

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Bayesian identification, DSGE models, posterior updating, New Keynesian Phillips Curve

On Identification of Bayesian DSGE Models

Number of pages: 38 Posted: 27 Apr 2011
Gary Koop, M. Hashem Pesaran and Ron Smith
University of Strathclyde, Glasgow - Strathclyde Business School - Department of Economics, University of Southern California - Department of Economics and Birkbeck College
Downloads 64 (438,908)
Citation 5

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Bayesian identification, DSGE models, posterior updating, New Keynesian Phillips Curve

Tests of Policy Ineffectiveness in Macroeconometrics

CAFE Research Paper No. 14.07
Number of pages: 39 Posted: 16 Jun 2014
M. Hashem Pesaran and Ron Smith
University of Southern California - Department of Economics and Birkbeck College
Downloads 63 (442,542)

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Counterfactuals, policy analysis, policy ineffectiveness test, macroeconomics

Tests of Policy Ineffectiveness in Macroeconometrics

Number of pages: 39 Posted: 23 Jul 2014
M. Hashem Pesaran and Ron Smith
University of Southern California - Department of Economics and Birkbeck College
Downloads 50 (494,201)

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counterfactuals, policy analysis, policy ineffectiveness test, macroeconomics

14.

Pairwise Tests of Purchasing Power Parity Using Aggregate and Disaggregate Price Measures

Number of pages: 21 Posted: 11 May 2006
University of Southern California - Department of Economics, Birkbeck College, University of Cambridge - Faculty of Economics and Politics and Ludwig Maximilian University of Munich (LMU) - Munich Graduate School of Economics (MGSE)
Downloads 109 (315,249)
Citation 1

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purchasing power parity, panel data, pairwise approach, cross section dependence

Signs of Impact Effects in Time Series Regression Models

CAFE Research Paper No. 13.22
Number of pages: 9 Posted: 10 Oct 2013
M. Hashem Pesaran and Ron Smith
University of Southern California - Department of Economics and Birkbeck College
Downloads 54 (477,188)

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Regression coefficients, Impact effects

Signs of Impact Effects in Time Series Regression Models

Number of pages: 10 Posted: 25 Oct 2013
M. Hashem Pesaran and Ron Smith
University of Southern California - Department of Economics and Birkbeck College
Downloads 50 (494,201)
Citation 3

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regression coefficients, impact effects

16.

Arbitrage Pricing Theory, the Stochastic Discount Factor and Estimation of Risk Premia from Portfolios

Number of pages: 29 Posted: 16 Apr 2021
M. Hashem Pesaran and Ron Smith
University of Southern California - Department of Economics and Birkbeck College
Downloads 77 (394,837)

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17.

The Role of Factor Strength and Pricing Errors for Estimation and Inference in Asset Pricing Models

Number of pages: 44 Posted: 27 Nov 2019
M. Hashem Pesaran and Ron Smith
University of Southern California - Department of Economics and Birkbeck College
Downloads 76 (394,837)

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arbitrage pricing theory, APT, factor strength, identification of risk premia, two-pass regressions, Fama-French factors

18.

Factor Strengths, Pricing Errors, and Estimation of Risk Premia

Number of pages: 44 Posted: 18 Mar 2021
M. Hashem Pesaran and Ron Smith
University of Southern California - Department of Economics and Birkbeck College
Downloads 66 (429,604)

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Posterior Means and Precisions of the Coefficients in Linear Models with Highly Collinear Regressors

USC-INET Research Paper No. 17-34
Number of pages: 24 Posted: 28 Nov 2017
M. Hashem Pesaran and Ron Smith
University of Southern California - Department of Economics and Birkbeck College
Downloads 24 (640,998)
Citation 1

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Bayesian identification, multicollinear regressions, weakly identified regression coefficients, highly collinear regressors

Posterior Means and Precisions of the Coefficients in Linear Models with Highly Collinear Regressors

Number of pages: 25 Posted: 08 Feb 2018
M. Hashem Pesaran and Ron Smith
University of Southern California - Department of Economics and Birkbeck College
Downloads 21 (663,891)

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Bayesian Identification, Multicollinear Regressions, Weakly Identified Regression Coefficients, Highly Collinear Regressors

20.

A Bayesian Analysis of Linear Regression Models with Highly Collinear Regressors

USC-INET Research Paper No. 18-17 (Revised)
Number of pages: 30 Posted: 11 Oct 2018
M. Hashem Pesaran and Ron Smith
University of Southern California - Department of Economics and Birkbeck College
Downloads 29 (589,631)
Citation 1

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Bayesian Identification, Multicollinear Regressions, Weakly Identified Regression Coefficients, Highly Collinear Regressors.

21.
Downloads 27 (602,074)
Citation 39

Structural Analysis of Cointegrating Vars

Journal of Economic Surveys, Vol. 12, pp. 471-505, December 1998
Number of pages: 35 Posted: 08 May 2006
M. Hashem Pesaran and Ron Smith
University of Southern California - Department of Economics and Birkbeck College
Downloads 27 (619,181)
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Structural Analysis of Cointegrating Vars

Journal of Economic Surveys, Vol. 12, Issue 5, pp. 471-505, 1998
Number of pages: 35 Posted: 13 Sep 2012
Ron Smith and M. Hashem Pesaran
Birkbeck College and University of Southern California - Department of Economics
Downloads 0
Citation 6
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22.

Peter Kennedy's Sinning in the Basement: A Comment

Number of pages: 3 Posted: 14 May 2003
Ron Smith
Birkbeck College
Downloads 27 (602,074)
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23.

Global Factors, Unemployment Adjustment and the Natural Rate

Economics: The Open-Access, Open-Assessment E-Journal, Vol. 2, 2008-22
Number of pages: 30 Posted: 18 Dec 2010
Ron Smith and Gylfi Zoega
Birkbeck College and University of Iceland
Downloads 25 (615,229)

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Unemployment dynamics, labour market institutions investment, principal components, global factors

24.

Medium-Run Implications of Changing Demographic Structures for the Macro-Economy

National Institute Economic Review 241 (1), pp. R58-R64, August 2017
Number of pages: 11 Posted: 11 Sep 2018 Last Revised: 01 Oct 2018
Birkbeck University of London, Birkbeck College, University of London and Birkbeck College
Downloads 18 (664,473)
Citation 1

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25.

Disability and Multi-Dimensional Quality of Life: A Capability Approach to Health Status Assessment

Number of pages: 35 Posted: 28 Oct 2019
The Open University - Department of Economics, University of Oxford - Health Economics Research Centre (HERC), University of York - Department of Economics and Related Studies and Birkbeck College
Downloads 12 (710,035)

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mobility impairment, disability, capabilities, health, Sen, extra-welfarism

26.

Constructing Multi‐Country Rational Expectations Models

Oxford Bulletin of Economics and Statistics, Vol. 76, Issue 6, pp. 812-840, 2014
Number of pages: 29 Posted: 28 Oct 2014
European Central Bank (ECB), University of Southern California - Department of Economics, University of York - Department of Economics and Related Studies and Birkbeck College
Downloads 1 (801,813)
Citation 2
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27.

Tests of Policy Interventions in DSGE Models

Oxford Bulletin of Economics and Statistics, Vol. 80, Issue 3, pp. 457-484, 2018
Number of pages: 28 Posted: 08 May 2018
M. Hashem Pesaran and Ron Smith
University of Southern California - Department of Economics and Birkbeck College
Downloads 0 (819,136)
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28.

Managing Asymmetric Conflict

Oxford Economic Papers, Vol. 58, No. 2, pp. 183-208, 2006
Posted: 29 Feb 2008
University of the West of England, University of Kent, Canterbury, School of Economics, University of Surrey and Birkbeck College

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29.

Models of Military Expenditure and Growth: A Critical Review

Defence and Peace Economics, Vol. 16, pp. 449-461, 2005
Posted: 24 Jan 2006
University of the West of England, Birkbeck College and University of Sussex - Institute of Development Studies

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Military expenditure, Defence spending, Growth

30.

The Prisoners' Dilemma and Regime-Switching in the Greek-Turkish Arms Race

Journal of Peace Research, Vol. 37, pp. 737-750, 2000
Posted: 07 Dec 2004
Ron Smith, Martín Sola and Fabio Spagnolo
Birkbeck College, Universidad Torcuato Di Tella and Brunel University London - Economics and Finance

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31.

The Arms Trade Game: From Laissez-Faire to a Common Defence Policy

Posted: 30 Jul 2000
Paul Levine and Ron Smith
School of Economics, University of Surrey and Birkbeck College

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32.

Saving, Investment and Capital Mobility in Ldcs

Review of International Economics, January 29, 1998
Posted: 16 Feb 1998
Jerry Coakley, Farida Hasan and Ron Smith
University of Essex - Essex Business School, Primark Decision Economics and Birkbeck College

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