Michael McMahon

University of Oxford - Department of Economics

10 Manor Rd

Oxford, OX1 3UQ

United Kingdom

Centre for Economic Policy Research (CEPR)

London

United Kingdom

  • University of Oxford - Department of Economics

  • Centre for Economic Policy Research (CEPR)

SCHOLARLY PAPERS

23

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Top 5,042

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329

Scholarly Papers (23)

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1.

Policymakers' Uncertainty

Downloads 1,231 (36,330)

Policymakers' Uncertainty

Number of pages: 74 Posted: 11 Oct 2021 Last Revised: 12 Sep 2024
Anna Cieslak, Stephen Hansen, Michael McMahon and Song Xiao
Duke University - Fuqua School of Business, University College London - Department of Economics, University of Oxford - Department of Economics and London School of Economics & Political Science (LSE)
Downloads 1,225 (36,037)

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uncertainty, monetary policy, Federal Reserve

Policymakers' Uncertainty

NBER Working Paper No. w31849
Number of pages: 47 Posted: 13 Nov 2023
Anna Cieslak, Stephen Hansen, Michael McMahon and Song Xiao
Duke University - Fuqua School of Business, University College London - Department of Economics, University of Oxford - Department of Economics and London School of Economics & Political Science (LSE)
Downloads 6 (1,339,180)
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2.

Tough Talk: The Fed and the Risk Premium

Number of pages: 56 Posted: 25 Sep 2023 Last Revised: 21 Aug 2024
Anna Cieslak and Michael McMahon
Duke University - Fuqua School of Business and University of Oxford - Department of Economics
Downloads 1,139 (40,749)
Citation 2

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central bank communication, risk premia, Federal Reserve

3.

QE and the Bank Lending Channel in the United Kingdom

Downloads 591 (98,316)
Citation 32

QE and the Bank Lending Channel in the United Kingdom

Bank of England Working Paper No. 511
Number of pages: 45 Posted: 21 Sep 2014
Nicholas Butt, Rohan Churm, Michael McMahon, Arpad Morotz and Jochen F. Schanz
Bank of England, Bank of England - Monetary Analysis, University of Oxford - Department of Economics, Bank of England and Bank for International Settlements (BIS)
Downloads 377 (166,614)
Citation 30

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Monetary policy, bank lending channel, quantitative easing

QE and the Bank Lending Channel in the United Kingdom

CAMA Working Paper No. 38/2015
Number of pages: 41 Posted: 13 Oct 2015 Last Revised: 14 Oct 2015
Nicholas Butt, Rohan Churm, Michael McMahon, Arpad Morotz and Jochen F. Schanz
Bank of England, Bank of England - Monetary Analysis, University of Oxford - Department of Economics, Bank of England and Bank for International Settlements (BIS)
Downloads 212 (303,500)
Citation 2

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Monetary policy, Bank lending channel, Quantitative Easing

QE and the Bank Lending Channel in the United Kingdom

CEPR Discussion Paper No. DP10875
Number of pages: 41 Posted: 13 Oct 2015
Nicholas Butt, Rohan Churm, Michael McMahon, Arpad Morotz and Jochen F. Schanz
Bank of England, Bank of England - Monetary Analysis, University of Oxford - Department of Economics, Bank of England and Bank for International Settlements (BIS)
Downloads 2 (1,365,777)
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bank lending channel, monetary policy, Quantitative Easing

4.

Shocking Language: Understanding the Macroeconomic Effects of Central Bank Communication

CAMA Working Paper 4/2016
Number of pages: 42 Posted: 19 Jan 2016
Stephen Hansen and Michael McMahon
University of Oxford - Department of Economics and University of Oxford - Department of Economics
Downloads 473 (129,343)
Citation 118

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Monetary policy, communication, Vector Autoregression

5.

Understanding the Macroeconomic Effects of Working Capital in the United Kingdom

Bank of England Working Paper No. 422
Number of pages: 47 Posted: 22 Apr 2011
Emilio Fernández Corugedo, Michael McMahon, Stephen Millard and Lukasz Rachel
Bank of England, University of Oxford - Department of Economics, Bank of England and Bank of England
Downloads 321 (200,389)
Citation 9

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Working capital, business cycle model, spreads, financial crisis

6.

Did I Make Myself Clear? The Fed and the Market in the Post-2020 Framework Period

Number of pages: 71 Posted: 27 Aug 2024
Anna Cieslak, Michael McMahon and Hao Pang
Duke University - Fuqua School of Business, University of Oxford - Department of Economics and University of Texas at Dallas - Naveen Jindal School of Management
Downloads 220 (294,277)
Citation 1

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7.

The Household E ffects of Government Spending

Number of pages: 40 Posted: 06 Feb 2012
Francesco Giavazzi, Francesco Giavazzi and Michael McMahon
National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and University of Oxford - Department of Economics
Downloads 217 (298,156)

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Fiscal Policy, PSID, Household Consumption, Labor Supply

8.

The Households Effects of Government Consumption

NBER Working Paper No. w17837
Number of pages: 42 Posted: 10 Feb 2012 Last Revised: 29 Mar 2023
Francesco Giavazzi, Francesco Giavazzi and Michael McMahon
National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and University of Oxford - Department of Economics
Downloads 208 (310,417)

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9.

The Role of ICT in the Global Investment Cycle

Bank of England Working Paper No. 257
Number of pages: 36 Posted: 19 May 2005
Michael McMahon, Gabriel Sterne and Jamie N.R. Thompson
University of Oxford - Department of Economics, Bank of England and Bank of England
Downloads 173 (367,207)
Citation 1

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Investment, ICT, panel econometrics, G7

10.

How Experts Decide: Preferences or Private Assessments on a Monetary Policy Committee?

Downloads 172 (369,114)
Citation 5

How Experts Decide: Preferences or Private Assessments on a Monetary Policy Committee?

CESifo Working Paper Series No. 4201
Number of pages: 40 Posted: 01 May 2013
Stephen Hansen, Michael McMahon and Carlos Rivera
University of Oxford - Department of Economics, University of Oxford - Department of Economics and Princeton University
Downloads 123 (488,085)
Citation 1

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committees, monetary policy

How Experts Decide: Preferences or Private Assessments on a Monetary Policy Committee?

CAMA Working Paper 18/2013
Number of pages: 41 Posted: 15 Apr 2013
Stephen Hansen, Carlos Rivera and Michael McMahon
University of Oxford - Department of Economics, Princeton University and University of Oxford - Department of Economics
Downloads 49 (855,079)
Citation 4

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Committees, Monetary Policy

11.

Getting through: communicating complex information

Bank of England Working Paper No. 1047
Number of pages: 71 Posted: 18 Jan 2024
Michael McMahon and Matthew Naylor
University of Oxford - Department of Economics and Bank of England
Downloads 165 (382,743)
Citation 2

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Information transmission, central bank communications, linguistic complexity, rational inattention

12.

The Long-Run Information Effect of Central Bank Communication

Number of pages: 73 Posted: 13 Jan 2020
Stephen Hansen, Michael McMahon and Matthew Tong
University College London - Department of Economics, University of Oxford - Department of Economics and Bank of England
Downloads 148 (419,320)
Citation 43

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communication, machine learning, monetary policy

13.

The 3 E’s of Central Bank Communication with the Public

Bank of England Working Paper No. 847, January 2020
Number of pages: 57 Posted: 17 Jan 2020
Andrew Haldane, Alistair Macaulay and Michael McMahon
Bank of England, University of Oxford - Nuffield College and University of Oxford - Department of Economics
Downloads 145 (426,230)
Citation 26

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monetary policy, communication, general public

14.

China's Monetary Policy Communication: Frameworks, Impact, and Recommendations

IMF Working Paper No. 18/244
Number of pages: 33 Posted: 13 Feb 2019
Michael McMahon, Alfred Schipke and Xiang Li
University of Oxford - Department of Economics, International Monetary Fund (IMF) and Halle Institute for Economic Research
Downloads 98 (574,440)
Citation 3

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Monetary policy, Financial markets, Monetary transmission mechanism, Central banks and their policies, People’;s Bank of China, Communication, Central Bank, Monetary Policy Transmission, People;’s Bank of China, Monetary Policy (Targets, Instruments, and Effects), General

15.

Estimating Bayesian Decision Problems with Heterogeneous Priors

Downloads 79 (655,365)

Estimating Bayesian Decision Problems with Heterogeneous Priors

Number of pages: 26 Posted: 13 Apr 2013
Stephen Hansen and Michael McMahon
University of Oxford - Department of Economics and University of Oxford - Department of Economics
Downloads 46 (880,429)

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Bayesian decision making, expertise, preferences, estimation

Estimating Bayesian Decision Problems with Heterogeneous Priors

CAMA Working Paper 18/2013
Number of pages: 26 Posted: 19 Jul 2013
Stephen Hansen and Michael McMahon
University of Oxford - Department of Economics and University of Oxford - Department of Economics
Downloads 33 (1,007,869)

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Bayesian decision making, expertise, preferences, estimation

16.

The Long-Run Information Effect of Central Bank Communication

Downloads 69 (706,044)
Citation 22

The Long-Run Information Effect of Central Bank Communication

Bank of England Working Paper No. 777
Number of pages: 66 Posted: 28 Jan 2019
Stephen Hansen, Michael McMahon and Matthew Tong
University of Oxford - Department of Economics, University of Oxford - Department of Economics and Bank of England
Downloads 67 (729,392)
Citation 7

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Monetary policy, communication, machine learning.

The Long-Run Information Effect of Central Bank Communication

CEPR Discussion Paper No. DP13438
Number of pages: 68 Posted: 15 Jan 2019
Stephen Hansen, Michael McMahon and Matthew Tong
University of Oxford - Department of Economics, University of Oxford - Department of Economics and Bank of England
Downloads 2 (1,365,777)
Citation 15
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communication, Machine Learning, monetary policy

17.

First Impressions Matter: Signalling as a Source of Policy Dynamics

CESifo Working Paper Series No. 3782
Number of pages: 40 Posted: 19 Apr 2012
Stephen Hansen and Michael McMahon
affiliation not provided to SSRN and University of Oxford - Department of Economics
Downloads 59 (765,279)
Citation 2

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signalling, learning, monetary policy

18.

Policy Uncertainty and Precautionary Savings

Downloads 53 (806,265)
Citation 36

Policy Uncertainty and Precautionary Savings

NBER Working Paper No. w13911
Number of pages: 38 Posted: 04 Apr 2008 Last Revised: 07 Jul 2022
Francesco Giavazzi, Francesco Giavazzi and Michael McMahon
National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and University of Oxford - Department of Economics
Downloads 50 (846,932)
Citation 29

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Policy Uncertainty and Precautionary Savings

CEPR Discussion Paper No. DP6766
Number of pages: 40 Posted: 11 Jun 2008
Francesco Giavazzi, Francesco Giavazzi and Michael McMahon
National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and University of Oxford - Department of Economics
Downloads 3 (1,359,247)
Citation 7
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labour supply, policy uncertainty, precautionary saving

19.

The public economist: learning from our Citizens’ Panels about the UK economy

Bank of England Quarterly Bulletin 2021 Q4
Number of pages: 34 Posted: 06 Mar 2024
Andreas Joseph, Jenny Lam and Michael McMahon
Bank of England, Bank of England and University of Oxford - Department of Economics
Downloads 15 (1,195,364)

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20.

The 3 E's of Central Bank Communication with the Public

CEPR Discussion Paper No. DP14265
Number of pages: 59 Posted: 14 Jan 2020
Andrew Haldane, Alistair Macaulay and Michael McMahon
Bank of England, University of Oxford - Nuffield College and University of Oxford - Department of Economics
Downloads 13 (1,219,341)
Citation 21
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communication, General Public, monetary policy

21.

First Impressions Matter: Signalling as a Source of Policy Dynamics

CEPR Discussion Paper No. DP9607
Number of pages: 48 Posted: 20 Aug 2013
Stephen Hansen and Michael McMahon
University of Oxford - Department of Economics and University of Oxford - Department of Economics
Downloads 2 (1,307,482)
Citation 6
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committees, monetary policy, signalling

22.

Beyond Pangloss: Financial Sector Origins of Inefficient Economic Booms

CEPR Discussion Paper No. DP15180
Number of pages: 61 Posted: 12 Sep 2020
Frederic Malherbe and Michael McMahon
University College London - Department of Economics and University of Oxford - Department of Economics
Downloads 1 (1,313,868)
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23.

The Household Effects of Government Spending

CEPR Discussion Paper No. DP8846
Number of pages: 44 Posted: 01 Mar 2012
Francesco Giavazzi, Francesco Giavazzi and Michael McMahon
National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and University of Oxford - Department of Economics
Downloads 1 (1,313,868)
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Fiscal Policy, Household consumption, Labor Supply, PSID