Andrew J. Hughes

Cardiff Business School

Professor

Aberconway Building

Cardiff CF10 3EU

United Kingdom

Centre for Economic Policy Research (CEPR)

Fellow

77 Bastwick Street

London, EC1V 3PZ

United Kingdom

Vanderbilt University - College of Arts and Science - Department of Economics

Visiting Professor

Box 1819 Station B

Nashville, TN 37235

United States

SCHOLARLY PAPERS

33

DOWNLOADS

555

CITATIONS
Rank 11,333

SSRN RANKINGS

Top 11,333

in Total Papers Citations

36

Scholarly Papers (33)

1.

Post-Thatcher Fiscal Strategies in the U.K.: An Interpretation

CESifo Working Paper Series No. 1372
Number of pages: 35 Posted: 10 Jan 2005
Andrew J. Hughes
Cardiff Business School
Downloads 97 (209,125)

Abstract:

Stackelberg leadership, policy complementarity, institutional coordination

2.

Dynamic Controllability with Overlapping Targets: A Generalization of the Tinbergen-Nash Theory of Economic Policy

FEEM Working Paper No. 130.05
Number of pages: 19 Posted: 16 Nov 2005
Giovanni Di Bartolomeo, Nicola Acocella and Andrew J. Hughes
Sapienza University of Rome, Department of Economics and Law, Department of Methods and Models for Economics, Territory and Finance and Cardiff Business School
Downloads 75 (246,363)

Abstract:

Policy games, Policy ineffectiveness, Static controllability, Existence of equilibria, Nash feedback equilibrium

3.

Monetary Integration in the Ex-Soviet Union: A 'Union of Four'?

Economics of Transition, Vol. 14, No. 1, pp. 47-68, January 2006
Number of pages: 22 Posted: 08 May 2006
Kaliningrad State Technical University, Cardiff Business School and Loughborough University - Department of Economics
Downloads 29 (382,271)
Citation 7

Abstract:

4.

Government Leadership and Central Bank Design

CEPR Discussion Paper No. 3395
Number of pages: 29 Posted: 18 Jul 2002
Andrew J. Hughes and Diana N. Weymark
Cardiff Business School and Vanderbilt University - College of Arts and Science - Department of Economics
Downloads 26 (395,710)

Abstract:

Central bank independence, monetary policy delegation, policy coordination, policy game, policy leadership

5.

In Praise of Fiscal Restraint and Debt Rules. What the Euro Zone Might Do Now

CEPR Discussion Paper No. 5043
Number of pages: 43 Posted: 15 Sep 2005
Andrew J. Hughes
Cardiff Business School
Downloads 25 (400,355)

Abstract:

Stackelberg leadership, institutional coordination, debt rule, soft targets

6.

Central Bank Independence, Accountability and Transparency: Complements or Strategic Substitutes?

CEPR Discussion Paper No. 5470
Number of pages: 42 Posted: 03 May 2006
Andrew J. Hughes and Jan Libich
Cardiff Business School and La Trobe University - Business School
Downloads 24 (405,130)

Abstract:

Inflation targeting, central bank independence, transparency, accountability, monitoring

7.

INTRODUCTION TO THE SPECIAL ISSUE ON FISCAL POLICY'

Scottish Journal of Political Economy, Vol. 53, pp. 1-3, February 2006
Number of pages: 3 Posted: 08 May 2006
Andrew J. Hughes and Campbell Leith
Cardiff Business School and University of Glasgow - Department of Economics
Downloads 23 (410,029)

Abstract:

8.

Labour and Product Market Reforms in the Economy with Distortionary Taxation

CEPR Discussion Paper No. 5431
Number of pages: 31 Posted: 11 Apr 2006
Andrew J. Hughes and Nikola Bokan
Cardiff Business School and University of St. Andrews - Centre for Dynamic Macroeconomic Analysis (CDMA)
Downloads 23 (410,029)
Citation 2

Abstract:

Structural reform, wage bargains, short vs. long runs substitutability

9.

The Cost of Heterogeneity in a Monetary Union

CEPR Discussion Paper No. 3223
Number of pages: 39 Posted: 19 Mar 2002
Andrew J. Hughes and Diana N. Weymark
Cardiff Business School and Vanderbilt University - College of Arts and Science - Department of Economics
Downloads 23 (410,029)

Abstract:

Transmission asymmetries, preference asymmetries, EMU, currency union, central bank independence

10.

Book Reviews

Journal of Common Market Studies, Vol. 41, pp. 965-969, December 2003
Number of pages: 5 Posted: 18 Mar 2004
Cardiff Business School, National Bank of Belgium, South Bank University, United Nations University (UNU-CRIS) and University of Hull
Downloads 21 (420,097)

Abstract:

11.

Central Bank Transparency in Theory and Practice

CEPR Discussion Paper No. 3639
Number of pages: 37 Posted: 13 Dec 2002
Maria Demertzis and Andrew J. Hughes
De Nederlandsche Bank - Research Department and Cardiff Business School
Downloads 21 (420,097)
Citation 21

Abstract:

Central bank, economic and political transparency, inflation, output gap performance

12.

Independence before Conservatism: Transparency, Politics and Central Bank Design

CEPR Discussion Paper No. 3336
Number of pages: 25 Posted: 28 May 2002
Andrew J. Hughes and Diana N. Weymark
Cardiff Business School and Vanderbilt University - College of Arts and Science - Department of Economics
Downloads 20 (425,218)

Abstract:

Central bank independence, central bank conservatism, monetary policy delegation, credibility, flexible response, transparency, policy coherence

13.

Forming Rational Expectations and When it is Right to be 'Wrong'

CEPR Discussion Paper No. 5042
Number of pages: 16 Posted: 15 Sep 2005
Maria Demertzis and Andrew J. Hughes
De Nederlandsche Bank - Research Department and Cardiff Business School
Downloads 17 (440,519)

Abstract:

Central bank preference uncertainty, certainty equivalence, rational expectations

14.

Hansa vs. Habsburg: Debt, Deficits and the Entry of Accession Countries into the Euro

CEPR Discussion Paper No. 4500
Number of pages: 45 Posted: 08 Sep 2004
Andrew J. Hughes and John Lewis
Cardiff Business School and De Nederlandsche Bank - Econometric Research and Special Studies
Downloads 17 (440,519)

Abstract:

Convergence, monetary union, subsidarity, fiscal policy, debt

15.

Labor Market Reform and Monetary Policy in EMU: Do Asymmetries Matter?

CEPR Discussion Paper No. 2979
Number of pages: 26 Posted: 23 Oct 2001
Andrew J. Hughes and Nicola Viegi
Cardiff Business School and University of Pretoria - Department of Economics
Downloads 17 (440,519)

Abstract:

Monetary union, labor market institutions, asymmetries

16.

Time Varying Cyclical Analysis for Economies in Transition

CASE Network Studies and Analyses No. 334
Number of pages: 21 Posted: 23 Jul 2009
Andrew J. Hughes and Christian R. Richter
Cardiff Business School and Loughborough University - Department of Economics
Downloads 15 (430,388)

Abstract:

time-frequency analysis, coherence, growth rates, business cycle

17.

Fiscal Leadership and Central Bank Design

Canadian Journal of Economics, Vol. 40, No. 2, pp. 607-627, May 2007
Number of pages: 21 Posted: 19 May 2007
Andrew J. Hughes and Diana N. Weymark
Cardiff Business School and Vanderbilt University - College of Arts and Science - Department of Economics
Downloads 15 (450,567)
Citation 2

Abstract:

18.

A Time-Frequency Analysis of the Coherences of the US Business Cycle and the European Business Cycle

CEPR Discussion Paper No. 4751
Number of pages: 46 Posted: 08 Feb 2005
Andrew J. Hughes and Christian R. Richter
Cardiff Business School and Loughborough University - Department of Economics
Downloads 14 (455,743)

Abstract:

Time-frequency analysis, coherence, growth rates, business cycle

19.

Three Models of Imperfect Transparency in Monetary Policy

CEPR Discussion Paper No. 4117
Number of pages: 32 Posted: 06 Jan 2004
Maria Demertzis and Andrew J. Hughes
De Nederlandsche Bank - Research Department and Cardiff Business School
Downloads 14 (455,743)
Citation 2

Abstract:

Imperfect transparency, ambiguity, rational inattention, independent monetary policies

20.

Heterogeneity in a Currency Union with Social Market Objectives

Scottish Journal of Political Economy, Vol. 53, No. 1, pp. 129-152, February 2006
Number of pages: 24 Posted: 08 May 2006
Andrew J. Hughes and Diana N. Weymark
Cardiff Business School and Vanderbilt University - College of Arts and Science - Department of Economics
Downloads 12 (465,868)

Abstract:

21.

Early Warning or Just Wise after the Event? The Problem of Using Cyclically Adjusted Budget Deficits for Fiscal Surveillance

CEPR Discussion Paper No. DP6213
Number of pages: 43 Posted: 21 May 2008
Andrew J. Hughes, Rasmus Kattai and John Lewis
Cardiff Business School, affiliation not provided to SSRN and De Nederlandsche Bank - Econometric Research and Special Studies
Downloads 5 (499,683)

Abstract:

Cyclically Adjusted Budget Deficits, False and Missed Alarms, Potential Output, Real Time Data

22.

When Can Central Banks Anchor Expectations? Policy Communication and Controllability

CEPR Discussion Paper No. DP7078
Number of pages: 21 Posted: 17 Feb 2009
Nicola Acocella, Giovanni Di Bartolomeo and Andrew J. Hughes
Department of Methods and Models for Economics, Territory and Finance, University of Teramo and Cardiff Business School
Downloads 3 (508,474)

Abstract:

controllability, fiscal policy, monetary policy, policy neutrality, Rational expectations

23.

Economics in the Backyard: How Much Convergence is There between China and Her Special Regions?

World Economy, Vol. 32, Issue 6, pp. 819-861, June 2009
Number of pages: 43 Posted: 01 Jun 2009
Andrew J. Hughes and Christian R. Richter
Cardiff Business School and Loughborough University - Department of Economics
Downloads 2 (513,945)

Abstract:

24.

Did Fiscal Policy Makers Know What They Were Doing? Reassessing Fiscal Policy with Real Time Data

CEPR Discussion Paper No. DP6758
Number of pages: 35 Posted: 10 Jun 2008
Kerstin Bernoth, Andrew J. Hughes and John Lewis
German Institute for Economic Research (DIW Berlin), Cardiff Business School and De Nederlandsche Bank - Econometric Research and Special Studies
Downloads 2 (513,945)
Citation 2

Abstract:

Discretion, Fiscal Policy, Real Time Data

25.

Monetary and Fiscal Policy Interaction with Various Degrees and Types of Commitment

CEPR Discussion Paper No. DP6586
Number of pages: 41 Posted: 06 Jun 2008
Andrew J. Hughes, Jan Libich and Petr Stehlík
Cardiff Business School, La Trobe University - Business School and University of West Bohemia
Downloads 2 (513,945)

Abstract:

asynchronous moves, Battle of sexes, commitment, Game of chicken, inflation targeting, monetary-fiscal interactions

26.

The Single Currency and Labour Market Flexibility: A Necessary Partnership?

Scottish Journal of Political Economy, Vol. 47, Issue 2, May 2000
Posted: 24 Nov 2000
Maria Demertzis, (马跃) Yue Ma and Andrew J. Hughes
De Nederlandsche Bank - Research Department, City University of Hong Kong (CityUHK) - Department of Economics & Finance and Cardiff Business School

Abstract:

EMU in Reality: The Effect of a Common Monetary Policy on Economies with Different Transmission Mechanisms

CEPR Discussion Paper Series No. 2068
Posted: 21 May 1999
Andrew J. Hughes and Laura Piscitelli
Cardiff Business School and Bank of England - Monetary Analysis Division

Abstract:

EMU in Reality: The Effect of a Common Monetary Policy on Economies with Different Transmission Mechanisms

CEPR Discussion Paper Series No. 2068
Posted: 09 Jun 1999
Andrew J. Hughes and Laura Piscitelli
Cardiff Business School and Bank of England - Monetary Analysis Division

Abstract:

28.

EMU and the External Value of the Euro

CEPR Working Paper No. 2058
Posted: 27 Apr 1999
Andrew J. Hughes and Maria Demertzis
Cardiff Business School and De Nederlandsche Bank - Research Department

Abstract:

29.

The Impact of Exchange Rate Uncertainty on the Level of Investment

CEPR Discussion Paper Series No. 1896
Posted: 23 Dec 1998
University of Strathclyde, Glasgow - Strathclyde Business School - Department of Economics, Cardiff Business School, University of Strathclyde and Bank of England - Monetary Analysis Division

Abstract:

30.

Large Scale Fiscal Retrenchments: Long-Run Lessons from the Stability Pact

CEPR Discussion Paper Series No. 1843
Posted: 06 Aug 1998
Andrew J. Hughes and Peter McAdam
Cardiff Business School and European Central Bank (ECB)

Abstract:

31.

Independently Blue? Accountability and Independence in the New European Central Bank

CEPR Discussion Paper Series Number 1842
Posted: 15 Jul 1998
Maria Demertzis, Andrew J. Hughes and Nicola Viegi
De Nederlandsche Bank - Research Department, Cardiff Business School and University of Pretoria - Department of Economics

Abstract:

32.

Is a Two-speed System in Europe the Answer to the Conflict between the German and the Anglo-Saxon Models of Monetary Control?

CEPR Discussion Paper Series No. 1481
Posted: 24 Mar 1997
Andrew J. Hughes, Ole Rummel and Maria Demertzis
Cardiff Business School, Bank of England - Centre for Central Banking Studies and De Nederlandsche Bank - Research Department

Abstract:

33.

Four Essays and a Funeral: Budgetary Arithmetic under the Maastricht Treaty

CEPR Discussion Paper Series No. 1755
Posted: 13 Mar 1997
Andrew J. Hughes and Peter McAdam
Cardiff Business School and European Central Bank (ECB)

Abstract: