The University of Kent, Canterbury, Kent, CT2 7NZ, T +44 (0)1227 764000
Professor Miguel León-Ledesma
Professor of Economics
School of Economics, Keynes College, Cg.09
- +44 (0) 1227 823026
Miguel León-Ledesma is Director of Research
Miguel León-Ledesma is Professor of Economics and joined the University of Kent in 1999. He is Director of the Macroeconomics, Growth and History Centre (MaGHiC).
Miguel has been a regular consultant for the European Central Bank, and has also consulted for the Asian Development Bank. He has been a visiting researcher at the universities of Frankfurt, UTS (Sydney), and a Visiting Professor at University of Aix-Marseille, and the University of São Paulo.back to top
- "Efficiency and production frontiers in the aftermath of recessions: international evidence" (with Dimitris Christopoulos), Macroeconomic Dynamics, Cambridge University Press, vol. 18(06), pages 1326-1350, September, 2014.
- "Shocking stuff: technology, hours and factor substitution" (with Cristiano Cantore, Peter McAdam and Alpo Willman), Journal of the European Economic Association, European Economic Association, vol. 12(1), pages 108-128, 02, 2014.
- "World, country, and sector factors in international business cycles," (with Aikaterini Karadimitropoulou), Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 2913-2927, 2013.
- "Net foreign assets, productivity and real exchange rates in constrained economies," (with Dimitris K Christopoulos and Karine Gente), European Economic Review, Elsevier, vol. 56(3), pages 295-316, 2012.
- "Does exchange rate pass-through respond to measures of macroeconomic instability?," (with Reginaldo P. Nogueira Jr.), Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 167-180, May, 2011.
- "International Output Convergence, Breaks, and Asymmetric Adjustment," (with Dimitris K Christopoulos), Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 15(3), pages 1-33, May, 2011.
- "Current account sustainability in the US: What did we really know about it?," (with Dimitris Christopoulos), Journal of International Money and Finance, Elsevier, vol. 29(3), pages 442-459, April, 2010.
- "Identifying the Elasticity of Substitution with Biased Technical Change," (with Peter McAdam and Alpo Willman), American Economic Review, American Economic Association, vol. 100(4), pages 1330-57, September, 2010.
- "Revisiting The Real Wages-Unemployment Relationship. New Results From Non-Linear Models," (with Dimitris K. Christopoulos), Bulletin of Economic Research, Wiley Blackwell, vol. 62(1), pages 79-96, 01, 2010.
- "Smooth breaks and non-linear mean reversion: Post-Bretton Woods real exchange rates," (with Dimitris K Christopoulos), Journal of International Money and Finance, Elsevier, vol. 29(6), pages 1076-1093, October, 2010.
- "Fear of Floating in Brazil: Did Inflation Targeting matter?," (with Reginaldo P Nogueira Jr.), The North American Journal of Economics and Finance, Elsevier, vol. 20(3), pages 255-266, December, 2009.
- "Remittances, Institutions, and Economic Growth," (with Natalia Catrinescu, Matloob Piracha and Bryce Quillin), World Development, Elsevier, vol. 37(1), pages 81-92, January, 2009.
- "The effect of oil price on China's exports," (with João Ricardo Faria, André Varella Mollick and Pedro H.Albuquerque), China Economic Review, Elsevier, vol. 20(4), pages 793-805, December, 2009.
- "Can globalisation stop the decline in commodities' terms of trade?," (with André Varella Mollick, João Ricardo Faria and Pedro H. Albuquerque), Cambridge Journal of Economics, Oxford University Press, vol. 32(5), pages 683-701, September, 2008.
- "How is real convergence driving nominal convergence in the new EU Member States?," (with Sarah M. Lein and Carolin Nerlich), Journal of International Money and Finance, Elsevier, vol. 27(2), pages 227-248, March, 2008.
- "Non-Linearities and Unit Roots in G7 Macroeconomic Variables," (with Aksoy Yunus), The B.E. Journal of Macroeconomics, De Gruyter, vol. 8(1), pages 1-44, February, 2008.
- "Testing for Granger (non-)causality in a time-varying coefficient VAR model," (with Dimitris K. Christopoulos), Journal of Forecasting, John Wiley & Sons, Ltd., vol. 27(4), pages 293-303, 2008.
- "Time-series output convergence tests and stationary covariates," (with Dimitris K. Christopoulos), Economics Letters, Elsevier, vol. 101(3), pages 297-299, December, 2008.
- "A Long-Run Non-Linear Approach to the Fisher Effect," (with Dimitris K. Christopoulos), Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(2-3), pages 543-559, 03, 2007.
- "Does the real interest parity hypothesis hold? Evidence for developed and emerging markets," (with Alex Luiz Ferreira), Journal of International Money and Finance, Elsevier, vol. 26(3), pages 364-382, April, 2007.
- "Unemployment hysteresis in EU countries: what do we really know about it?," (with Dimitris K. Christopoulos), Journal of Economic Studies, Emerald Group Publishing, vol. 34(2), pages 80-89, May, 2007.
Selected contributions to books
- "Skills and Technology: Estimating Wage Premiums with a Supply Side Approach" (with P. McAdam and A. Willman) in de La Grandville and K. Choi (eds), Frontiers in Economics and Globalization, vol 11, Emerald, 2011.
- "Growth with Biased Technical Progress and Factory Complementarity: a New Approach" (with M. Satchi) in de La Grandville and K. Choi (eds), Frontiers in Economics and Globalization, vol 11, Emerald, 2011.
- "The Link Between Real and Nominal Convergence: The Case of the New EU Member States" (with S. Lein and C.Nerlich), in Reiner Martin and Adalbert Winkler (eds), Real Convergence in Central, Eastern and South-Eastern Europe, Macmillan, 2009.
- "The endogenous nature of the natural rate of growth" (with M. Lanzafame), in M. Stetterfield (ed.), Handbook of Alternative Theories of Economic Growth, Edward Elgar, 2009.
- "Cycles, Aggregate Demand and Growth", in P. Arestis, J. McCombie and R. Vickerman (eds): Growth and Economic Development: Essays in Honour of A. P. Thirlwall, Edward Elgar, 2007.
- "Is the natural rate of growth exogenous?" (with A. P. Thirlwall), in P. Arestis, M. Baddeley and J.S.L. McCombie (eds), Economic Growth: New Directions in Theory and Policy, Edward Elgar, 2007
- "Cumulative growth and the catching-up debate from a dis-equilibrium standpoint", in J.S.L. McCombie, M. Pugno and B. Soro (eds), Productivity Growth and Economic Performance, Macmillan, 2004
- "Export performance and R&D spillovers in 21 OECD countries", in J.R. Faria and A. Levi (eds), Economic Growth, Inequality and Migration, Edward Elgar, 2002
- Advanced International Macro and Finance (with A. Mihailov), Oxford University Press, expected date of publication: end of 2012
Miguel's research interests are on the areas of Macroeconomics, Economic Growth and Applied Econometrics. He is currently working on the role of capital labour substitution and biased technical change in macroeconomic models, and their consequences for business cycles and factor income distribution. He is also working on methods for selection of fundamental shocks in business cycles models and the role of capital flows and financial constraints for growth. He has carried out extensive work on international macroeconomics, and time-series methods. Miguel is currently writing a post-graduate textbook on International Macro and Finance for Oxford University Press.
Miguel's RePEc page is http://econpapers.repec.org/RAS/ple108.htm
- "External Constraints and Endogenous Growth: Why Didn’t Some Countries Benefit From Capital Flows?" (with Karine Gente and Carine Nourry). Studies in Economics 1304, School of Economics, University of Kent. 2013.
- "Shocking stuff: technology, hours, and factor substitution," (with Cristiano Cantore, Peter McAdam and Alpo Willman). School of Economics Discussion Papers 0913, School of Economics, University of Surrey. 2013.
- "World, Country, and Sector Factors in International Business Cycles" (with Aikaterini Karadimitropoulou). Studies in Economics 1307, School of Economics, University of Kent. 2013.
- EC502 Macroeconomics (Convenor - Spring)
Postgraduateback to top
- Mon 11.30-12.30
- Mon 14.30-15.30
Current research themes within which Miguel León-Ledesma can consider supervising PhD students, include:
- Technology and business cycles
- Macroeconomics and distribution
- International macroeconomics
- Growth from a sectoral disaggregate perspective.
Projects need to have a substantial theory and empirical content.
- Ms Sevgi Coskun, registered 2014
- Ms Aydan Dogan: "Essays on International macroeconomics", registered 2011
- Mr Jonathan Hughes: "Exchange rate volatility, growth and recoveries", registered 2011
- Ms Monica Paganini: "Firm efficiency, misallocation and productivity in African countries", registered 2011
- Ms Mengyang Wei, School of Engineering, 2nd supervisor: “Using control theory to detect systemic banking risk”, registered 2012
- Alex L. Ferreira: "Causes of real interest rate differentials between emerging and developed countries". Completed: August 2005. Destination: University of Sao Paulo, FEARP.
- Jose Eduardo Ferreira: "Empirical Essays on Exchange Rate Determination: Fundamentals, Bubbles and News". Completed: October 2005. Destination: Central Bank of Brazil.
- Brinda Sooreea: "FDI and Growth in Developing Countries". Completed: January 2006. Destination: University of Mauritius.
- Reginaldo Nogeira: "Inflation targeting in Emerging Markets". Completed: September 2007. Destination: Ibmec Business School, BH, Brazil.
- Gabriele Amorosi: "Essays on income distribution and financial access". Completed: February 2012. Destination: University of Hull.
- Aikaterini Karadimitropoulou: "Essays on macroeconomic cycles". Completed: April 2012. Destination: University of East Anglia.
- Timo Bettendorf: "Essays on Global imbalances and capital flows". Completed: October 2014. Destination: Bundesbank.
- Director of Research
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