Image2   Current Research Paper

 

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“The Determinants of Growth in the Information and Communication Technology (ICT) Industry: A Firm-level Analysis”

 

By Giorgio Canarella and Stephen M. Miller

 

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“Modeling U.S. Historical Time-Series Prices and Inflation Using Various Linear and Nonlinear Long-Memory Approaches”

 

By Giorgio Canarella, Luis A. Gil-Alana, Rangan Gupta, and Stephen M. Miller

                                   

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“The Relationship between Inflation rate and Inequality: A Semiparametric Approach”

 

By Mehmet Balcilar, Shinhye Chang, Rangan Gupta, and Stephen M. Miller

 

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“Time-Frequency Relationship between Inflation and Inflation Uncertainty for the U.S.: Evidence from Historical Data”

 

By Claudiu Tiberiu Albulescu, Aviral Kumar Tiwari, Stephen M. Miller, and Rangan Gupta

 

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“Income Inequality: A State-by-State Complex Network Analysis” Physica A, forthcoming

 

By Periklis Gogas, Rangan Gupta, Stephen M. Miller, Theophilos Papadimitrioua, and Georgios Antonios Sarantitisa

                                   

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“Target Level and Variability Trade-offs”

 

By Huiping Yuan and Stephen M. Miller

 

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“Inflation Targeting: New Evidence from Fractional Integration and Cointegration

 

By Giorgio Canarella and Stephen M. Miller

 

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“Time-Varying Persistence of Inflation: Evidence from a Wavelet-based Approach” Studies in Nonlinear Dynamics and Econometrics, forthcoming

 

By Heni Boubaker, Giorgio Canarella, Rangan Gupta, and Stephen M. Miller

 

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“Did Okun's Law Die after the Great Recession?”

 

By Giorgio Canarella and Stephen M. Miller

 

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“Inflation Persistence and Structural Breaks: The Experience of Inflation Targeting Countries and the US” Journal of Economic Studies, forthcoming

 

By Giorgio Canarella and Stephen M. Miller

 

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“Decomposition of Output Growth in the Presence of Input Quality: A Stochastic Frontier Approach” German Economic Review, forthcoming

 

By Yasmina Rim Limam, Stephen M. Miller, and Giampaolo Garzarelli

 

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“The Relationship between Population Growth and Standard-of-Living Growth Over 1870-2013: Evidence from a Bootstrapped Panel Granger Causality Test” Empirica, Journal of European Economics, forthcoming

 

By Tsangyao Chang, Hsiao-Ping Chu, Frederick W. Deale, Rangan Gupta, and Stephen M. Miller

 

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“Causality between Per Capita Real GDP and Income Inequality in the U.S.: Evidence from a Wavelet Analysis” Social Indicators Research, on-line November 2016

 

By Shinhye Chang, Rangan Gupta, and Stephen M. Miller

 

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“The Time-Series Linkages between US Fiscal Policy and Asset Prices”

 

By Ghassen El Montasser, Rangan Gupta, Charl Jooste, and Stephen M. Miller

 

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“Uncertainty and Crude Oil Returns” Energy Economics, March 2016

 

By Riadh Aloui, Rangan Gupta, and Stephen M. Miller

 

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“Is Real Per Capita State Personal Income Stationary? New Nonlinear, Asymmetric Panel-Data Evidence”

 

By Furkan Emirmahmutoglu, Rangan Gupta, Stephen M. Miller, and Tolga Omay

 

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“Convergence in Income Inquality: Further Evidence from Club Clustering Methodology across U.S. States”

 

By Nicholas Apergis, Christina Christou, Rangan Gupta, and Stephen M. Miller

 

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“Can State and Local Revenue and Expenditure Enhance Economic Growth? A Cross-State Panel Study of Fiscal Activity”

 

By Christopher Arthur Clarke and Stephen M. Miller

 

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Inflation Persistence Before and After Inflation Targeting: A Fractional Integration Approach Eastern Economic Journal, July 2015.

 

By Giorgio Canarella and Stephen M. Miller

 

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“The Co-Movement and Causality between the U.S. Housing and Stock Markets in the Time and Frequency Domains ” International Review of Economics and Finance, July 2015

 

By Tsangyao Chang, Xiao-lin Li, Stephen M. Miller, Mehmet Balcilar, and Rangan Gupta

 

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“Regime Switching Model of US Crude Oil and Stock Market Prices: 1859 to 2013” Energy Economics, May 2015

 

By Mehmet Balcilar, Rangan Gupta, and Stephen M. Miller

 

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“A Time-Varying Approach of the US Welfare Cost of Inflation” Macroeconomic Dynamics, in press

 

By Stephen M. Miller, Luis Filipe Martins, and Rangan Gupta

 

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“Forecasting US Real Private Residential Fixed Investment Using a Large Number of Predictors” Empirical Economics, Available on-line January 2016

 

By Goodness C. Aye, Stephen M. Miller, Rangan Gupta, and Mehmet Balcilar

 

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“Evolution of Monetary Policy in the US: The Role of Asset Prices” Journal of Real Estate Finance and Economics, in press

 

By Beatrice D. Simo-Kengne, Stephen M. Miller, and Rangan Gupta

 

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Unemployment Rate Hysteresis and the Great Recession: Exploring the Metropolitan Evidence

 

By Giorgio Canarella, Stephen M. Miller, and Stephen K. Pollard

 

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“Temporal Causality between House Prices and Output in the U. S.: A Bootstrap Rolling-Window Approach” North American Journal of Economics and Finance, July 2015

 

By Wendy Nyakabawo, Stephen M. Miller, Mehmet Balcilar, Sonali Das, and Rangan Gupta

 

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“Time-Varying Effects of Housing and Stock Prices on U.S. Consumption” Journal of Real Estate Finance and Economics, April 2015

 

By Beatrice D. Simo-Kengne, Stephen M. Miller, Rangan Gupta, and Goodness C. Aye

 

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“Housing and the Great Depression” Applied Economics, Published online: 13 May 2014

 

By Mehmet Balcilar, Rangan Gupta, and Stephen M. Miller

 

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“Does Financial Development Volatility Affect Industrial Growth Volatility?” International Review of Economics and Finance, January 2014

 

By Ho-Chuan (River) Huang, WenShwo Fang, and Stephen M. Miller

 

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“Was the Recent Downturn in US GDP Predictable?” Applied Economics, Published online: 16 Feb 2015

 

By Mehmet Balcilar, Rangan Gupta, Anandamayee Majumdar, and Stephen M. Miller

 

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Fiscal Policy Shocks and the Dynamics of Asset Prices: The South African Experience Public Finance Review, June 2014

 

By Goodness C. Aye, Mehmet Balcilar, Rangan Gupta, Charl Jooste, Stephen M. Miller and Zeynel Abidin Ozdemir

 

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“Banking Market Structure, Liquidity Needs, and Industrial Growth Volatility” Journal of Empirical Finance, March 2014

 

By Ho-Chuan (River) Huang, WenShwo Fang, and Stephen M. Miller

 

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“The Out-of-Sample Forecasting Performance of Non-Linear Models of Regional Housing Prices in the US” Applied Economics, Published online: 03 Feb 2015

 

By Mehmet Balcilar, Rangan, Gupta, and Stephen M. Miller

 

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“Purchasing Power Parity between the UK and Germany: The Euro Area” Open Economies Review, September 2014

 

By Giorgio Canarella, Stephen M. Miller, and Stephen K. Pollard

 

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“Output Growth and Its Volatility: The Gold Standard through the Great Moderation” Southern Economic Journal, January 2014

 

By WenShwo Fang and Stephen M. Miller

 

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The Bank Lending Channel and Monetary Policy Rules for European Banks: Further Extensions The B.E. Journal of Macroeconomics, Published online: 12 June 2014

 

By Nicholas Apergis, Stephen M. Miller, and Effrosyni Alevizopoulou

 

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“The Effect of Growth Volatility on Income Inequality” Economic Modelling, February 2015

 

By Ho-Chuan (River) Huang, WenShwo Fang, and Stephen M. Miller

 

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“Demographic Transition and Economic Welfare: The Role of Humanitarian Aid Quarterly Review of Economics and Finance, November 2015

 

By Kyriakos C. Neanidis and Stephen M. Miller

 

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Firm Profitability: Mean-Reverting or Random-Walk Behavior? Journal of Economics and Business, March-April 2013

 

By Giorgio Canarella, Stephen M. Miller, and Mahmoud M. Nourayi

 

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“The Effect of ESCOs on Carbon Dioxide Emissions” Applied Economics, June 2013

 

By WenShwo Fang and  Stephen M. Miller

 

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“Do ESCOs Effectively Reduce Energy Use?” Energy Policy, December 2012

 

By WenShwo Fang and  Stephen M. Miller

 

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The Global Financial Crisis and Stochastic Convergence in the Euro Area International Advances in Economic Research, August 2011

 

By Giorgio Canarella, Stephen M. Miller, and Stephen K. Pollard

 

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“Using Large Data Sets to Forecast Sectoral Employment” Statistical Methods and Applications, June 2014

 

By Rangan Gupta, Alain Kabundi, Stephen M. Miller, and Josine Uwilingiye

 

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“Forecasting Nevada Gross Gaming Revenue and Taxable Sales Using Coincident and Leading Employment Indexes” Shorter version in Empirical Economics, April 2013

 

By Mehmet Balcilar, Rangan Gupta, Anandamayee Majumdar, and Stephen M. Miller

 

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“Country and Industry Convergence of Equity Markets: International Evidence from Club Convergence and Clustering” North American Journal of Economics and Finance, July 2014

 

By Nicholas Apergis, Christina Christou, and Stephen M. Miller

 

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“Convergence Patterns in Financial Development: Evidence from Club Convergence” Empirical Economics, December 2012

 

By Nicholas Apergis, Christina Christou, and Stephen M. Miller

 

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“Financial Market Liberalization, Monetary Policy, and Housing Price Dynamics” International Business & Economics Research Journal, 11(1) 2012

 

By Rangan Gupta, Stephen M. Miller, and Dylan van Wyk

 

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Unit Roots and Structural Change: An Application to US House-Price Indices Shorter version in Urban Studies, March 2012

 

By Giorgio Canarella, Stephen M. Miller, and Stephen K. Pollard

 

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The Lag in Effect of Inflation Targeting and Policy Evaluation Applied Economic Letters, 18(14) 2011

 

By WenShwo Fang and Stephen M. Miller

 

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What Can We Learn about Inflation Targeting? Evidence from Time-Varying Treatment Effects

 

By WenShwo Fang, Stephen M. Miller, and ChunShen Lee

 

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The Great Moderation and Leptokurtosis after GARCH Adjustment Shorter version in Empirical Economic Letters, June 2010

 

By WenShwo Fang, Stephen M. Miller, and ChunShen Lee

 

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"Understanding Central Bank Loss Functions: Implied and Delegated Targets”

 

By Huiping Yuan and Stephen M. Miller

 

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“Forecasting the US Real House Price Index: Structural and Non-Structural Models with and without Fundamentals” Economic Modelling, July 2011

 

By Rangan Gupta, Alain Kabundi, and Stephen M. Miller

 

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“Monetary Policy and Housing Sector Dynamics in a Large-Scale Bayesian Vector Autoregressive Model” International Journal of Strategic Property Management, April 2012

 

By Rangan Gupta, Marius Jurgilas, Alain Kabundi, and Stephen M. Miller

 

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“Using Large Data Sets to Forecast Housing Prices: A Case Study of Twenty US States” Journal of Housing Research, 20(2) 2011

 

By Rangan Gupta, Alain Kabundi, and Stephen M. Miller

 

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“Time Series Properties of Housing Prices: A Case Study of the Southern California Market” Journal of Real Estate Finance and Economics, April 2012

 

By Rangan Gupta and Stephen M. Miller

 

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“‘Ripple Effects’ and Forecasting Home Prices in Los Angeles, Las Vegas, and Phoenix” The Annals of Regional Science, 48(3), 2012

 

By Rangan Gupta and Stephen M. Miller

 

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"The Principal-Agent Approach to Monetary Policy Delegation” In Challenges in Central Banking: The Current Institutional Environment and Forces Affecting Monetary Policy, eds. P. L. Siklos, M. T. Bohl, and M. E. Wohar, Cambridge University Press, 2010

 

By Georgios E. Chortareas and Stephen M. Miller

 

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“Do Structural Oil-Market Shocks Affect Stock Prices?” Energy Economics, July 2009

 

By Nicholas Apergis and Stephen M. Miller

 

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Geographic Deregulation and Commercial Bank Performance in US State Banking Markets Quarterly Review of Economics and Finance, February 2011

 

By Yong-Dong Zou, Stephen M. Miller, and Bernard Malamud

 

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Is the Great Moderation Ending? UK and US Evidence Modern Economy, May 2010

 

By Giorgio Canarella, WenShwo Fang, Stephen M. Miller, and Stephen K. Pollard

 

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Does a Threshold Inflation Rate Exist? Quantile Inferences for Inflation and Its Variability Empirical Economics, December 2010

 

By WenShwo Fang, Stephen M. Miller, and Chih-Chuan Yeh

 

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Cross-Country Evidence on Output Growth Volatility: Nonstationary Variance and GARCH Models Scottish Journal of Political Economy, September 2008

 

By WenShwo Fang, Stephen M. Miller, and ChunShen Lee

 

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"Modeling the Volatility of Real GDP Growth: The Case of Japan Revisited" Japan and the World Economy, August 2009

 

By WenShwo Fang and Stephen M. Miller

 

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“Cost Improvements, Returns to Scale, and Cost Inefficiencies for Real Estate Investment Trusts”

 

By Stephen M. Miller and Thomas M. Springer

 

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"Total Factor Productivity and Monetary Policy: Evidence from Conditional Volatility" International Finance, Summer 2007

 

By Nicholas Apergis and Stephen M. Miller

 

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"Restructuring the Wealth Effect on Consumption: Further Analysis and Extension"

 

By Nicholas Apergis and Stephen M. Miller

 

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"The Great Moderation and the Relationship between Output Growth and Its Volatility" Southern Economic Journal, January 2008

 

By WenShwo Fang and Stephen M. Miller

 

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"Implementing Optimal Monetary Policy: Objectives and Rules” Economic Modelling, May 2010

 

By Huiping Yuan and Stephen M. Miller

 

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"The Walsh Contract for Central Bankers Are Optimal After All!” Public Choice, April 2007

 

By Georgios E. Chortareas and Stephen M. Miller

 

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"The Making of Optimal and Consistent Policy: An Implementation Theory Framework for Monetary Policy”

 

By Huiping Yuan and Stephen M. Miller

 

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"The Optimality and Controllability of Monetary Policy through Delegation with Consistent Targets” Scottish Journal of Political Economy, February 2011

 

By Huiping Yuan, Stephen M. Miller, and Langnan Chen

 

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"Designing Central Bank Loss Functions” International Journal of Business and Economics, April 2010

 

By Huiping Yuan and Stephen M. Miller

 

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Economies of Scale and Cost Efficiencies: A Panel-Data Stochastic-Frontier Analysis of Real Estate Investment Trusts” The Manchester School, July 2006

 

By Stephen M. Miller, Terrence M. Clauretie, and Thomas M. Springer

 

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”Using Equity Markets to Teach Long-Run Monetary Neutrality International Review of Economics Education, June 2010

 

By Stephen M. Miller

 

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“Export Promotion through Exchange Rate Policy: Exchange Rate Depreciation or Stabilization” Southern Economic Journal, January 2006

 

By WenShwo Fang, YiHao Lai, and Stephen M. Miller

 

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“Does Exchange Rate Risk Affect Exports Asymmetrically? Asian Evidence” Journal of International Money and Finance, March 2009

 

By WenShwo Fang, YiHao Lai, and Stephen M. Miller

 

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"Exchange Rate Depreciation and Exports: The Case of Singapore Revisited" Applied Economics, February 2007

 

By WenShwo Fang and Stephen M. Miller

 

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"The Value of Waiting: Foreign Direct Investment with Uncertainty and Imperfect Local Knowledge"

 

By Yongil Jeon, Taekwon Kim, and Stephen M. Miller

 

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"The Geographic Distribution of the Size and Timing of Monetary Policy Actions"

 

By Yongil Jeon and Stephen M. Miller

 

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"Inflation Targeting and Output Growth: Evidence from Aggregate European Data" International Monetary Fund Working Paper No. 05/89 and Economic & Financial Modeling, Summer 2008

 

By Nicholas Apergis, Stephen M. Miller, Alexandros Panethimitakis, and Athanassios Vamvakidis

 

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"Consumption Asymmetry and the Stock Market: New Evidence through a Threshold Adjustment Model"

 

By Nicholas Apergis and Stephen M. Miller

 

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"Consumption Asymmetry and the Stock Market: Empirical Evidence" Economics Letters, December 2006

 

By Nicholas Apergis and Stephen M. Miller

 

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"Macroeconomic Rationality and Lucas's Misperceptions Model: Further Evidence from Forty-One Countries" Journal of Economics and Business, May-June 2004

 

By Nicholas Apergis and Stephen M. Miller

 

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"Explaining Economic Growth: Factor Accumulation, Total Factor Productivity Growth, and Production Efficiency Improvement"

 

By Yasmina R. Limam and Stephen M. Miller

 

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"MBA Program Reputation: Objective Rankings For Students, Employers, And Program Administrators"

 

By Yongil Jeon, Stephen M. Miller, and Subhash Ray

 

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"An ‘Ideal’ Decomposition of Industry Dynamics: An Application to the Nationwide and State-Level U.S. Banking Industry"

 

By Yongil Jeon and Stephen M. Miller

 

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"Foreign and Domestic Bank Performance: An Ideal Decomposition of Industry Dynamics"

 

By Yongil Jeon and Stephen M. Miller

 

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"Bank Performance: Market Power or Efficient Structure"

 

By Yongil Jeon and Stephen M. Miller

 

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"Deregulation and Structural Change in the U.S. Commercial Banking Industry" Eastern Economic Journal, Summer 2003

 

By Yongil Jeon and Stephen M. Miller

 

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"Births, Deaths, and Marriages in the U.S. Commercial Banking Industry" Economic Inquiry, April 2007

 

By Yongil Jeon and Stephen M. Miller

 

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"Explaining U.S. Commercial Bank Births, Deaths, and Marriages"

 

By Yongil Jeon and Stephen M. Miller

 

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"Do Foreign Bank Operations Provide a Stabilizing Influence in Korea?" Quarterly Review of Economics and Finance, February 2006

 

By Yongil Jeon, Stephen M. Miller, and Paul A. Natke

 

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"Performance of Domestic and Foreign Banks: The Case of Korea and the Asian Financial Crisis" Global Economic Review, June 2005

 

By Yongil Jeon and Stephen M. Miller

 

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"The Effect of the Asian Financial Crisis on the Performance of Korean Nationwide Banks" Applied Financial Economics, 2 February 2007

 

By Yongil Jeon and Stephen M. Miller

 

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"The Real Exchange Rate in Small Open Developed Economies: Evidence from Cointegration Analysis" Economic Record, March 2004

 

By Debabrata Bagchi, Georgios E. Chortareas, and Stephen M. Miller

 

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"Central Banker Contracts, Incomplete Information, and Monetary Policy Surprises: In Search of a Selfish Central Banker?" Public Choice, September 2003

 

By Georgios E. Chortareas and Stephen M. Miller

 

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"Optimal Central Banker Contracts and Common Agency" Public Choice, October 2004

 

By Georgios E. Chortareas and Stephen M. Miller

 

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"Monetary Policy Delegation, Contract Costs, and Contract Targets" Bulletin of Economic Research, January 2003

 

By Georgios E. Chortareas and Stephen M. Miller

 

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"The Relationship between Large Fiscal Adjustments and Short-Term Output Growth under Alternative Fiscal Policy Regimes" Contemporary Economic Policy, January 2003

 

By Stephen M. Miller and Frank S. Russek

 

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"Productivity Growth in Large US Commercial Banks: The Initial Post-Deregulation Experience" Journal of Banking and Finance, May 2001

 

By Kankana Mukherjee, Subhash C. Ray and Stephen M. Miller

 

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"Teaching Time Preference and Human Impatience: The Billionaire Game"

 

By Stephen M. Miller

 

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"The Perception of Government Bonds and Money as Net Wealth: An Integrated Approach" Eastern Economic Journal, Fall 1998

By Alpha C. Chiang and Stephen M. Miller

 

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"An Endogenous Model of Union Density and Membership"

 

By Habib Ahmed and Stephen M. Miller

 

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"Total Factor Productivity, Human Capital, and Outward Orientation: Differences by Stage of Development and Geographic Regions”

 

By Stephen M. Miller and Mukti P. Upadhyay

 

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"Total Factor Productivity and the Convergence Hypothesis" Journal of Macroeconomics, June 2002

 

By Stephen M. Miller and Mukti P. Upadhyay

 

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"The Effects of Openness, Trade Orientation, and Human Capital on Total Factor Productivity" Journal of Development Economics, December 2000

 

By Stephen M. Miller and Mukti P. Upadhyay

 

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"The Exchange Rate-Investment Nexus and Exchange Rate Instability: Another Reason for ‘Fear of Floating’" Keio Economic Studies, 2008

 

By Habib Ahmed, C. Paul Hallwood, and Stephen M. Miller

 

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"Crowding-Out and Crowding-In Effects of the Components of Government Spending" Contemporary Economic Policy, January 2000

 

By Habib Ahmed and Stephen M. Miller

 

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"The Level of Development and the Determinants of Output Growth: A Cross-Country Analysis" Applied Economics, June 2002

 

By Habib Ahmed and Stephen M. Miller

 

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"Monetary and Exchange Rate Policy in Multisectoral Economies” Journal of Economics and Business, July/August 1997

 

By Habib Ahmed and Stephen M. Miller

 

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"Using Leading Indicators to Forecast U.S. Home Sales in a Bayesian VAR Framework" Journal of Real Estate Finance and Economics, March 1999

 

By Pami Dua, Stephen M. Miller, and David J. Smyth

 

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"Performance Evaluation of the New Connecticut Leading Employment Index Using Lead Profiles and BVAR Models" Journal of Forecasting, September 2006

 

By Anirvan Banerji, Pami Dua, and Stephen M. Miller

 

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"The Long-Run Relationship between Money, Nominal GDP, and the Price Level in Venezuela: 1950 to 1996"

 

By Victor Olivo and Stephen M. Miller

 

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"Optimal Negotiated Transfer Pricing and Its Implications for International Transfer Pricing of Intangibles" International Journal of Intellectual Property Management, 4(4) 2011

 

By Peter C. Dawson and Stephen M. Miller

 

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"Currency Depreciation and Korean Stock Market Performance during the Asian Financial Crisis"

 

By WenShwo Fang and Stephen M. Miller

 

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"Dynamic Effects of Currency Depreciation on Stock Market Returns during the Asian Financial Crisis"

 

By WenShwo Fang and Stephen M. Miller

 

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"Explaining Recent Connecticut Bank Failures"

 

By Stephen M. Miller and Athanasios G. Noulas

 

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