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Stephen Millard

Personal Details

First Name:Stephen
Middle Name:
Last Name:Millard
Suffix:
RePEc Short-ID:pmi68
[This author has chosen not to make the email address public]
National Institute of Economic and Social Research 2 Dean Trench Street London SW1P 3HE
Twitter: @EconSteveM

Affiliation

(5%) Centre for Macroeconomics (CFM)

London, United Kingdom
http://www.centreformacroeconomics.ac.uk/
RePEc:edi:cmlseuk (more details at EDIRC)

(5%) Portsmouth Business School
University of Portsmouth

Portsmouth, United Kingdom
http://www.port.ac.uk/
RePEc:edi:bsprtuk (more details at EDIRC)

(85%) National Institute of Economic and Social Research (NIESR)

London, United Kingdom
https://www.niesr.ac.uk/
RePEc:edi:niesruk (more details at EDIRC)

(5%) Department of Economics
Business School
Durham University

Durham, United Kingdom
https://www.durham.ac.uk/business/about/departments/economics/
RePEc:edi:deduruk (more details at EDIRC)

Research output

as
Jump to: Working papers Articles

Working papers

  1. Batten, Sandra & Millard, Stephen, 2024. "Energy and climate policy in a DSGE model of the United Kingdom," Bank of England working papers 1064, Bank of England.
  2. Stephen Millard & Nicholas Jackson, 2022. "Financial Stocks and Flows in the Time of Covid-19," National Institute of Economic and Social Research (NIESR) Discussion Papers 543, National Institute of Economic and Social Research.
  3. Stephen Millard, 2022. "Central Bank Communication: Never Excuse, Never Explain," National Institute of Economic and Social Research (NIESR) Policy Papers 33, National Institute of Economic and Social Research.
  4. Bunn, Philip & Chadha, Jagjit & Lazarowicz, Thomas & Millard, Stephen & Rockall, Emma, 2021. "Household debt and labour supply," Bank of England working papers 941, Bank of England.
  5. Millard, Stephen & Rubio, Margarita & Varadi, Alexandra, 2021. "The macroprudential toolkit: effectiveness and interactions," Bank of England working papers 902, Bank of England.
  6. Stephen Millard, & Margarita Rubio & Alexandra Varadi, 2020. "The impact of Covid-19 on productivity," Discussion Papers 2020/14, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
  7. Kapetanios, George & Millard, Stephen & Petrova, Katerina & Price, Simon, 2019. "Time-varying cointegration and the UK great ratios," Bank of England working papers 789, Bank of England.
  8. Millard, Stephen & Nicolae, Anamaria & Nower, Michael, 2019. "International trade, non-trading firms and their impact on labour productivity," Bank of England working papers 787, Bank of England.
  9. Thomas Y. Mathä & Stephen Millard & Tairi Rõõm & Ladislav Wintr & Robert Wyszynski, 2019. "Shocks and labour cost adjustment: Evidence from a survey of European firms," BCL working papers 128, Central Bank of Luxembourg.
  10. Millard, Stephen & Varadi, Alexandra & Yashiv, Eran, 2018. "Shock transmission and the interaction of financial and hiring frictions," Bank of England working papers 769, Bank of England.
  11. Reamonn Lydon & Thomas Y. Mathä & Stephen Millard, 2018. "Short-time work in the Great Recession: Firm-level evidence from 20 EU countries," BCL working papers 124, Central Bank of Luxembourg.
  12. Mario Izquierdo & Juan Francisco Jimeno & Theodora Kosma & Ana Lamo & Stephen Millard & Tairi Rõõm & Eliana Viviano, 2017. "Labour market adjustment in Europe during the crisis: microeconomic evidence from the Wage Dynamics Network survey," Occasional Papers 1704, Banco de España.
  13. Burgess, Stephen & Burrows, Oliver & Godin, Antoine & Kinsella, Stephen & Millard, Stephen, 2016. "A dynamic model of financial balances for the United Kingdom," Bank of England working papers 614, Bank of England.
  14. Dabusinskas, Aurelijus & Konya, Istvan & Millard, Stephen, 2016. "How does labour market structure affect the response of economies to shocks?," Bank of England working papers 582, Bank of England.
  15. Millard, Stephen, 2015. "The Great Recession and the UK labour market," Bank of England working papers 566, Bank of England.
  16. Millard, Stephen & Tatomir, Srdan, 2015. "Firms’ adjustment during 2010–13: evidence from the Wage Dynamics Survey," Bank of England working papers 568, Bank of England.
  17. Millard, Stephen & Nicolae, Anamaria, 2014. "The effect of the financial crisis on TFP growth: a general equilibrium approach," Bank of England working papers 502, Bank of England.
  18. Dixon, Huw & Franklin, Jeremy & Millard, Stephen, 2014. "Sectoral shocks and monetary policy in the United Kingdom," Bank of England working papers 499, Bank of England.
  19. King, Philip & Millard, Stephen, 2014. "Modelling the service sector," Bank of England working papers 500, Bank of England.
  20. Juillard, M. & Le Bihan, H. & Millard, S., 2013. "Non-uniform wage-staggering: European evidence and monetary policy implications," Working papers 442, Banque de France.
  21. Millard, Stephen & Shakir, Tamarah, 2013. "Oil shocks and the UK economy: the changing nature of shocks and impact over time," Bank of England working papers 476, Bank of England.
  22. Stephen Millard & Eran Yashiv & Renato Faccini, 2012. "The New Keynesian Phillips Curve: the Role of Hiring and Investment Costs," 2012 Meeting Papers 556, Society for Economic Dynamics.
  23. Millard, Stephen & O'Grady, Tom, 2012. "What do sticky and flexible prices tell us?," Bank of England working papers 457, Bank of England.
  24. Lipinska, Anna & Millard, Stephen, 2011. "Tailwinds and headwinds: how does growth in the BRICs affect inflation in the G7?," Bank of England working papers 420, Bank of England.
  25. Fernandez-Corugedo, Emilio & McMahon, Michael & Millard, Stephen & Rachel, Lukasz, 2011. "Understanding the macroeconomic effects of working capital in the United Kingdom," Economic Research Papers 270765, University of Warwick - Department of Economics.
  26. Faccini, Renato & Millard, Stephen & Zanetti, Francesco, 2011. "Wage rigidities in an estimated DSGE model of the UK labour market," Bank of England working papers 408, Bank of England.
  27. Millard, Stephen, 2011. "An estimated DSGE model of energy, costs and inflation in the United Kingdom," Bank of England working papers 432, Bank of England.
  28. Kamber, Gunes & Millard, Stephen, 2010. "Using estimated models to assess nominal and real rigidities in the United Kingdom," Bank of England working papers 396, Bank of England.
  29. Kai Christoffel & James Costain & Gregory de Walque & Keith Kuester & Tobias Linzert & Stephen Millard & Olivier Pierrard, 2009. "Wage, inflation and employment dynamics with labour market matching," Working Papers 0918, Banco de España.
  30. Kai Christoffel & James Costain & Gregory de Walque & Keith Kuester & Tobias Linzert & Stephen Millard & Olivier Pierrard, 2009. "Inflation dynamics with labour market matching: assessing alternative specifcations," BCL working papers 38, Central Bank of Luxembourg.
  31. Prasanna Gai & Sujit Kapadia & Stephen Millard & Ander Perez, 2008. "Financial innovation, macroeconomic stability and systemic crises," Bank of England working papers 340, Bank of England.
  32. Macallan, Clare & Millard, Stephen & Parker, Miles, 2008. "The cyclicality of mark-ups and profit margins for the United Kingdom: some new evidence," Bank of England working papers 351, Bank of England.
  33. Becher, Christopher & Millard, Stephen & SoramÃÂäki, Kimmo, 2008. "The network topology of CHAPS Sterling," Bank of England working papers 355, Bank of England.
  34. Stephen Millard, 2007. "The foundations of money, payments and central banking: A review essay," Money Macro and Finance (MMF) Research Group Conference 2006 106, Money Macro and Finance Research Group.
  35. Helen Allen & Grigoria Christodoulou & Stephen Millard, 2006. "Financial infrastructure and corporate governance," Bank of England working papers 316, Bank of England.
  36. Stephen Millard & Matthew Willison, 2006. "The welfare benefits of stable and efficient payment systems," Bank of England working papers 301, Bank of England.
  37. Rebecca Driver & Stephen Millard, 2004. "Exchange rates, commodities and the implications of volatility in a small open economy world," Money Macro and Finance (MMF) Research Group Conference 2003 26, Money Macro and Finance Research Group.
  38. Stephen Millard & John Power, 2004. "The effects of stock market movements on consumption and investment: does the shock matter?," Bank of England working papers 236, Bank of England.
  39. Stephen P Millard & Simon J Wells, 2003. "The role of asset prices in transmitting monetary and other shocks," Bank of England working papers 188, Bank of England.
  40. Nicoletta Batini & Richard Harrison & Stephen P Millard, 2001. "Monetary policy rules for an open economy," Bank of England working papers 149, Bank of England.
  41. Shamik Dhar & Stephen P Millard, 2000. "A limited participation model of the monetary transmission mechanism in the United Kingdom," Bank of England working papers 117, Bank of England.
  42. Shamik Dhar & Stephen P Millard, 2000. "How well does a limited participation model of the monetary transmission mechanism match UK data?," Bank of England working papers 118, Bank of England.
  43. Stephen P Millard, 2000. "The effects of increased labour market flexibility in the United Kingdom: theory and practice," Bank of England working papers 109, Bank of England.
  44. Stephen Millard & Andrew Scott & Marianne Sensier, 1999. "Business cycles and the labour market can theory fit the facts?," Bank of England working papers 93, Bank of England.
  45. S Millard & Andrew Scott & M Sensier, 1997. "The Labour Market over the Business Cycle: Can Theory Fit the Facts?," CEP Discussion Papers dp0364, Centre for Economic Performance, LSE.

Articles

  1. Stephen Millard, 2024. "NiGEM Topical Feature: To What Extent Has the Recovery and Resilience Facility Supported the EU Recovery from Covid?," National Institute Global Economic Outlook, National Institute of Economic and Social Research, issue 14, pages 54-64.
  2. Paula Bejarano Carbo & Benjamin Caswell & Hailey Low & Monica George Michail & Stephen Millard & Max Mosley, 2024. "The Macroeconomic Outlook," National Institute UK Economic Outlook, National Institute of Economic and Social Research, issue 15, pages 23-42.
  3. Stephen Millard & Margarita Rubio & Alexandra Varadi, 2024. "The Macroprudential Toolkit: Effectiveness and Interactions," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 86(2), pages 335-384, April.
  4. Kaya, Ahmet & Cornforth, Ed & Hurst, Ian & Liadze, Iana & Sanchez Juanino, Patricia & Millard, Stephen & Bernard, Shama & Naisbitt, Barry & de Greef, Lea, 2024. "National Institute Global Economic Outlook – Summer 2024 – Summary," National Institute Global Economic Outlook, National Institute of Economic and Social Research, issue 15, pages 7-47.
  5. Paula Bejarano Carbo & Arnab Bhattacharjee & Benjamin Caswell & Hailey Low & Monica George Michail & Stephen Millard & Max Mosley & Adrian Pabst & Robyn Smith & Tibor Szendrei, 2024. "National Institute UK Economic Outlook Summer 2024 – The Economic Inheritance for the New Government," National Institute UK Economic Outlook, National Institute of Economic and Social Research, issue 15, pages 7-22.
  6. Huw Dixon & Jeremy Franklin & Stephen Millard, 2023. "Sectoral Shocks and Monetary Policy in the United Kingdom," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 85(4), pages 805-829, August.
  7. Naisbitt, Barry & Cornforth, Ed & Paula Bejarano Carbo & Hurst, Ian & Liadze, Iana & Mao, Xuxin & Sanchez Juanino, Patricia & Millard, Stephen, 2023. "Global Economic Outlook," National Institute Global Economic Outlook, National Institute of Economic and Social Research, issue 11, pages 7-34.
  8. Millard, Stephen, 2023. "Foreword," National Institute Global Economic Outlook, National Institute of Economic and Social Research, issue 12, pages 1-3.
  9. Paula Bejarano Carbo & Hailey Low & Leaza McSorley & Stephen Millard & Patel, Urvish & Whyte, Kemar, 2023. "UK Economic Outlook: The Macroeconomic Outlook for the United Kingdom," National Institute UK Economic Outlook, National Institute of Economic and Social Research, issue 10, pages 5-39.
  10. Iana Liadze & Barry Naisbitt & Patricia Sanchez-Juanino & Millard, Stephen, 2023. "NiGEM Topical Feature: Short-term Impact from a Rapid Increase in Carbon Taxes," National Institute Global Economic Outlook, National Institute of Economic and Social Research, issue 11, pages 59-69.
  11. Macqueen, Rory & Millard, Stephen & Patel, Urvish & Whyte, Kemar, 2022. "1. UK Economic Outlook," National Institute Economic Review, National Institute of Economic and Social Research, vol. 260, pages 1-1, May.
  12. Thomas Y. Mathä & Stephen Millard & Tairi Rõõm & Ladislav Wintr & Robert Wyszyński, 2021. "Shocks and labour cost adjustment: evidence from a survey of European firms," Oxford Economic Papers, Oxford University Press, vol. 73(3), pages 1008-1033.
  13. Kapetanios, George & Millard, Stephen & Petrova, Katerina & Price, Simon, 2020. "Time-varying cointegration with an application to the UK Great Ratios," Economics Letters, Elsevier, vol. 193(C).
  14. Reamonn Lydon & Thomas Y. Mathä & Stephen Millard, 2019. "Short-time work in the Great Recession: firm-level evidence from 20 EU countries," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 8(1), pages 1-29, December.
  15. Renato Faccini & Stephen Millard & Francesco Zanetti, 2013. "Wage Rigidities in an Estimated Dynamic, Stochastic, General Equilibrium Model of the UK Labour Market," Manchester School, University of Manchester, vol. 81, pages 66-99, September.
  16. Günes Kamber & Stephen Millard, 2012. "Using Estimated Models to Assess Nominal and Real Rigidities in the United Kingdom," International Journal of Central Banking, International Journal of Central Banking, vol. 8(4), pages 97-119, December.
  17. Anna Lipínska & Stephen Millard, 2012. "Tailwinds and Headwinds: How Does Growth in the BRICs Affect Inflation in the G-7?," International Journal of Central Banking, International Journal of Central Banking, vol. 8(1), pages 227-266, March.
  18. Grégory de Walque & Juan Jimeno & Michael Krause & Hervé Le Bihan & Stephen Millard & Frank Smets, 2010. "Some Macroeconomic and Monetary Policy Implications of New Micro Evidence on Wage Dynamics," Journal of the European Economic Association, MIT Press, vol. 8(2-3), pages 506-513, 04-05.
  19. Prasanna Gai & Sujit Kapadia & Stephen Millard & Ander Perez, 2008. "Financial Innovation, Macroeconomic Stability and Systemic Crises," Economic Journal, Royal Economic Society, vol. 118(527), pages 401-426, March.
  20. Batini, Nicoletta & Harrison, Richard & Millard, Stephen P., 2003. "Monetary policy rules for an open economy," Journal of Economic Dynamics and Control, Elsevier, vol. 27(11-12), pages 2059-2094, September.
  21. Andrew Hildreth & Stephen Millard & Dale Mortensen & Mark Taylor, 1998. "Wages, work, and unemployment," Applied Economics, Taylor & Francis Journals, vol. 30(11), pages 1531-1547.
  22. Millard, Stephen & Scott, Andrew & Sensier, Marianne, 1997. "The Labour Market over the Business Cycle: Can Theory Fit the Facts?," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 13(3), pages 70-92, Autumn.

    RePEc:nsr:niesra:v:a:i:8:y:2022:p:6-48 is not listed on IDEAS
    RePEc:nsr:niesra:v:a:i:7:y:2022:p:6-30 is not listed on IDEAS
    RePEc:nsr:niesra:v:a:i:6:y:2022:p:6-36 is not listed on IDEAS

More information

Research fields, statistics, top rankings, if available.

Statistics

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Rankings

This author is among the top 5% authors according to these criteria:
  1. Betweenness measure in co-authorship network

Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 62 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-MAC: Macroeconomics (45) 2002-04-25 2003-06-25 2004-11-07 2007-04-09 2008-09-20 2009-04-05 2009-05-23 2009-06-17 2009-08-08 2009-09-05 2009-09-05 2009-09-11 2010-08-06 2010-09-11 2011-03-05 2011-04-30 2011-04-30 2011-07-13 2011-08-09 2012-07-29 2013-04-20 2013-08-23 2013-08-31 2014-05-04 2014-05-24 2014-07-05 2015-02-05 2015-06-20 2015-12-01 2015-12-20 2016-02-04 2016-09-18 2017-07-09 2017-07-16 2017-12-18 2018-12-17 2018-12-17 2018-12-24 2018-12-24 2019-01-28 2019-04-22 2021-01-25 2021-07-19 2021-07-26 2021-10-18. Author is listed
  2. NEP-DGE: Dynamic General Equilibrium (27) 2001-10-01 2001-10-01 2009-04-05 2009-05-23 2009-06-17 2009-08-08 2009-09-05 2009-09-05 2010-08-06 2010-09-11 2011-03-05 2011-04-30 2011-04-30 2011-07-13 2011-08-09 2012-07-29 2013-04-20 2013-08-23 2013-08-31 2015-12-01 2016-02-04 2018-10-29 2018-12-17 2021-01-25 2021-07-19 2024-03-25 2024-05-13. Author is listed
  3. NEP-CBA: Central Banking (22) 2001-10-01 2001-10-01 2006-09-30 2007-04-09 2009-04-05 2009-05-23 2009-06-17 2009-08-08 2009-09-05 2009-09-05 2010-08-06 2010-09-11 2011-03-05 2011-04-30 2011-04-30 2011-07-13 2011-08-09 2013-08-31 2014-05-04 2021-01-25 2021-07-19 2021-07-26. Author is listed
  4. NEP-EEC: European Economics (16) 2001-10-01 2001-10-01 2001-10-01 2008-09-20 2013-08-23 2013-08-31 2015-06-20 2015-12-01 2016-02-04 2017-07-02 2017-07-09 2018-12-17 2018-12-24 2019-10-28 2021-07-26 2023-01-02. Author is listed
  5. NEP-MON: Monetary Economics (15) 2001-10-01 2001-10-01 2003-06-25 2006-09-30 2007-04-09 2009-09-05 2009-09-05 2010-08-06 2010-09-11 2011-04-30 2013-08-23 2013-08-31 2014-05-04 2021-01-25 2021-07-26. Author is listed
  6. NEP-LAB: Labour Economics (13) 2009-04-05 2009-05-23 2009-06-17 2009-08-08 2009-09-05 2009-09-05 2009-09-11 2011-03-05 2017-07-02 2018-12-17 2019-01-28 2019-04-22 2019-05-06. Author is listed
  7. NEP-BEC: Business Economics (7) 2008-09-20 2011-04-30 2017-07-02 2017-07-16 2018-12-17 2018-12-24 2019-01-28. Author is listed
  8. NEP-BAN: Banking (5) 2006-09-30 2011-04-30 2021-01-25 2021-07-19 2023-01-02. Author is listed
  9. NEP-LMA: Labor Markets - Supply, Demand, and Wages (5) 2015-12-20 2019-04-22 2019-05-13 2019-10-28 2021-10-18. Author is listed
  10. NEP-ENE: Energy Economics (4) 2011-08-09 2013-08-31 2024-03-25 2024-05-13
  11. NEP-EUR: Microeconomic European Issues (4) 2019-04-22 2019-05-06 2019-05-13 2021-10-18
  12. NEP-FDG: Financial Development and Growth (3) 2014-07-21 2021-01-25 2021-07-19
  13. NEP-TID: Technology and Industrial Dynamics (3) 2017-07-02 2017-07-09 2017-12-18
  14. NEP-ENV: Environmental Economics (2) 2024-03-25 2024-05-13
  15. NEP-ETS: Econometric Time Series (2) 2018-10-29 2019-05-06
  16. NEP-URE: Urban and Real Estate Economics (2) 2021-01-25 2021-10-18
  17. NEP-CSE: Economics of Strategic Management (1) 2014-07-21
  18. NEP-CWA: Central and Western Asia (1) 2021-07-26
  19. NEP-ECM: Econometrics (1) 2018-10-29
  20. NEP-FIN: Finance (1) 2004-11-07
  21. NEP-FMK: Financial Markets (1) 2006-09-30
  22. NEP-GRO: Economic Growth (1) 2014-07-21
  23. NEP-HIS: Business, Economic and Financial History (1) 2007-04-09
  24. NEP-HPE: History and Philosophy of Economics (1) 2007-04-09
  25. NEP-HRM: Human Capital and Human Resource Management (1) 2018-12-24
  26. NEP-ICT: Information and Communication Technologies (1) 2019-04-22
  27. NEP-IFN: International Finance (1) 2002-04-25
  28. NEP-INO: Innovation (1) 2014-07-21
  29. NEP-INT: International Trade (1) 2019-04-22
  30. NEP-LTV: Unemployment, Inequality and Poverty (1) 2001-10-01
  31. NEP-NET: Network Economics (1) 2009-01-03
  32. NEP-ORE: Operations Research (1) 2019-05-06
  33. NEP-RMG: Risk Management (1) 2003-06-25
  34. NEP-SOG: Sociology of Economics (1) 2016-09-18

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