Richard Mash
D.Phil., University of Oxford
Official Fellow in Economics, New College
College or Institution: New College
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Research Interests
Summary: Macroeconomics, international economics.
My current research is focused on the implications for monetary policy of different ways of modelling firms’ pricing decisions in terms of how the prices they set respond to changed levels of spending prompted by central bank interest-rate decisions. I have shown that a model calibrated using microeconomic evidence on firm behaviour does a much better job of replicating aggregate data than the somewhat ad hoc formulations in current widespread use.
Courses Taught at the University
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Research Group(s)
Recent Working Papers
- Optimising Microfoundations for Inflation Persistence (2004)
- Time Inconsistent Environmental Policy and Optimal Delegation (2003)
- New Keynesian Microfoundations Revisited: A Calvo-Taylor-Rule-of-Thumb Model and Optimal Monetary Policy Delegation (2003)
- New Keynesian Microfundations Revisited: A Generalised Calvo-Taylor Model and the Desirability of Inflation vs. Price Level Targeting (2002)
- Monetary Policy with an Endogenous Capital Stock when Inflation is Persistent (2002)
- The Time Inconsistency of Monetary Policy with Inflation Persistence (2000)
- Host Country-Foreign Investor Bargaining Power and Investment Incentive Provisions in Multilateral Investment Agreements (2000)
- The Investment Response to Imperfectly Credible Trade Liberalisation with Endogenous Probability of Reversal (1999)
- The Investment Response to Temporary Commodity Price Shocks (1998)
- Reversible reforms with irreversible capital: the investment response to imperfectly credible trade liberalistion (1997)
- see more working papers by this author
Category: Economists in Oxford Colleges