References

Main Works by John Muellbauer

Aron, J., J.V. Duca, J. Muellbauer, K. Murata, and A. Murphy (2012). ‘Credit, Housing Collateral, and Consumption: Evidence from Japan, the UK, and the US’.

Aron, J., G. Farrell and J. Muellbauer (2019a). ‘Financial Stability and the Housing Market in South Africa’. Working Paper, South African Reserve Bank.

Aron, J., G. Farrell and J. Muellbauer (2019b). ‘Macroprudential Governance and Communication for Financial Stability in South Africa’. Working Paper, South African Reserve Bank.

Aron, J., G. Farrell, J. Muellbauer and P. Sinclair (2014a). ‘Exchange Rate Pass­through to Import Prices and Monetary Policy in South Africa’. Journal of Development Studies, 50(1): 144—164.

Aron, J., R. Macdonald and J. Muellbauer (2014b). ‘Exchange Rate Pass-Through in Developing and Emerging Markets: A Survey of Conceptual, Methodological and Policy Issues, and Selected Empirical Findings’. Journal of Development Studies, 50(1): 101-143.

Aron, J. and J. Muellbauer (2000). ‘Personal and Corporate Saving in South Africa’. World Bank Economic Review, 14(3): 509-544.

Aron, J. and J. Muellbauer (2002). ‘Interest Rate Effects on Output: Evidence from a GDP Forecasting Model for South Africa’. IMF Staff Papers, 49(S1): 185-213.

Aron, J. and J. Muellbauer (2006). ‘Estimates of Household Sector Wealth for South Africa, 1970-2003’. Review of Income and Wealth, 52(2): 285-307.

Aron, J. and J. Muellbauer (2012). ‘Improving Forecasting in an Emerging Economy, South Africa: Changing Trends, Long-Run Restrictions and Disaggregation’. International Journal of Forecasting, 28(2): 456-476.

Aron, J. and J. Muellbauer (2013a). ‘Wealth, Credit Conditions and Consumption: Evidence from South Africa'. Review of Income and Wealth, 59(S1): S161—S196.

Aron, J. and J. Muellbauer (2013b).

Aron J. and J. Muellbauer (2014a). ‘Exchange Rate Pass-Through in Developing and Emerging Markets'. VoxEU, 14 September. Available at: https://voxeu.org/article/ exchange-rate-pass-through-developing-and-emerging-markets.

Aron J. and J. Muellbauer (2014b). ‘Exchange Rate Pass-Through Using Highly Disaggregated Micro-Data'. VoxEU, 16 September. Available at: https://voxeu. org/article/exchange-rate-pass-through-using-highly-disaggregated-micro-data.

Aron, J. and J. Muellbauer (2016). ‘Modelling and Forecasting Mortgage Delinquency and Foreclosure in the UK'. Journal of Urban Economics, 94(July): 32—53.

Aron, J., J. Muellbauer and J. Prinsloo (2008). ‘Estimating the Balance Sheet of the Personal Sector in an Emerging Market Country, South Africa 1970-2003'. Chapter 10 in J.B. Davies (ed.) Personal Wealth from a Global Perspective. UNU- WIDER Studies in Development Economics. Oxford: Oxford University Press: 196-223.

Cameron, G. and J. Muellbauer (1998). ‘The Housing Market and Regional Commuting and Migration Choices'. Scottish Journal of Political Economy, 45(4): 420-446.

Cameron, G. and J. Muellbauer (2001). ‘Earnings, Unemployment, and Housing in Britain'. Journal of Applied Econometrics, 16(3): 203-220.

Cameron, G., A. Murphy and J. Muellbauer (2006a). ‘Was There a British House Price Bubble? Evidence from a Regional Panel'. Discussion Paper 5619, CEPR.

Cameron, G., A. Murphy and J. Muellbauer (2006b). ‘Housing Market Dynamics and Regional Migration in Britain'. Discussion Paper 5832, CEPR.

Chauvin, V. and J. Muellbauer (2018). ‘Consumption, Household Portfolios and the Housing Market in France'. Economie et Statistique/Economics and Statistics, 500-502: 157-178.

Deaton, A. and J. Muellbauer (1980a). ‘An Almost Ideal Demand System'. American Economic Review, 70(3): 312-326.

Deaton, A. and J. Muellbauer (1980b). Economics and Consumer Behaviour.

Deaton, A. and J. Muellbauer (1986). ‘On Measuring Child Costs: With Applications to Poor Countries'. Journal of Political Economy, 94(4): 720-744.

Duca, J.V. and J. Muellbauer (2014). ‘Tobin LIVES: Integrating Evolving Credit Market Architecture into Flow-of-Funds Based Macro-Models'. Chapter 2 in B. Winkler, A Van Riet and P. Bull (eds) A Flow-of-Funds Perspective on the Financial Crisis. Volume II. London: Palgrave Macmillan: 11-39.

Duca, J.V., J. Muellbauer and A. Murphy (2010). ‘Housing Markets and the Financial Crisis of 2007-2009: Lessons for the Future'. Journal of Financial Stability, 6(4): 203-217.

Duca, J.V., J. Muellbauer and A. Murphy (2011). ‘House Prices and Credit Constraints: Making Sense of the US Experience'. Economic Journal, 121(552): 533-551.

Duca, J., J. Muellbauer and A. Murphy (2012). ‘How Financial Innovations and Accelerators Drive Booms and Busts in US Consumption'. Mimeo, University of Oxford. Available at: http://www.iariw.org/copenhagen/duca.pdf.

Duca, J.V., J. Muellbauer and A. Murphy (2016). ‘How Mortgage Finance Reform Could Affect Housing'. American Economic Review, 106(5): 620-624.

Duca, J.V., J. Muellbauer and A. Murphy (forthcoming). ‘What Drives House Prices? International Experience and Policy Issues'. Journal of Economic Literature.

Fernandez-Corugedo, E. and J. Muellbauer (2006). ‘Consumer Credit Conditions in the UK'. Working Paper 314, Bank of England.

Geiger, F., J. Muellbauer and M. Rupprecht (2016). ‘The Housing Market, Household Portfolios and the German Consumer'. Working Paper 1904, European Central Bank.

Hendry, D.F. and J. Muellbauer (2018). ‘The Future of Macroeconomics: Macro Theory and Models at the Bank of England'. Oxford Review of Economic Policy, 34(1-2): 287-328.

Maclennan, D., J. Muellbauer and J. Stevens (1998). ‘Asymmetries in Housing and Financial Market Institutions and EMU'. Oxford Review of Economic Policy: 14(3): 54-80.

Mendis, L.

Muellbauer, J. (1974a). ‘Household Composition, Engel Curves and Welfare Comparisons Between Households: A Duality Approach'. European Economic Review, 5(2): 103-122.

Muellbauer, J. (1974b). ‘Inequality Measures, Prices and Household Composition'. Review of Economic Studies, 41(4): 493-504.

Muellbauer, J. (1975). ‘Aggregation, Income Distribution and Consumer Demand'. Review of Economic Studies, 42(4): 525-543.

Muellbauer, J. (1976). ‘Community Preferences and the Representative Consumer'. Econometrica, 44(5): 979-999.

Muellbauer, J. (1977). ‘Testing the Barten Model of Household Composition Effects and the Cost of Children'. Economic Journal, 87(347): 460-487.

Muellbauer, J. (1980). ‘The Estimation of the Prais-Houthakker Model of Equivalence Scales'. Econometrica, 48(1): 153-176.

Muellbauer, J. (1983). ‘Surprises in the Consumption Function'. Economic Journal, 93(Supplement): 34-50.

Muellbauer, J. (1986). ‘Productivity and Competitiveness in British Manufacturing'. Oxford Review of Economic Policy, 2(3): i-xxv.

Muellbauer, J. (1988). ‘Habits, Rationality and Myopia in the Life Cycle Consumption Function'. Annales dEconomie et de Statistique, 9(January-March): 47-70.

Muellbauer, J. (1990). ‘Aggregate Production Functions and Productivity Measurement: A New Look'. Chapter 6 in G.D. Myles (ed.) Measurement and Modelling in Economics. Amsterdam: North-Holland: 157—203. Discussion: 204—218.

Muellbauer, J. (1992). ‘Anglo-German Differences in Housing Market Dynamics: The Role of Institutions and Macro Economic Policy'. European Economic Review, 36(2-3): 539-548.

Muellbauer, J. (1997). ‘Business Cycles'. Oxford Review of Economic Policy, 13(3): 1-18.

Muellbauer, J. (2007). ‘Housing, Credit and Consumer Expenditure'. In Housing, Housing Finance, and Monetary Policy: A Symposium Sponsored by the Federal Reserve Bank of Kansas City.

Muellbauer, J. (2008a). ‘Housing Wealth and Consumer Spending'. VoxEU, 20 July. Available at: https://voxeu.org/article/housing-led-recession-making.

Muellbauer, J. (2008b). ‘The Folly of the Central Banks of Europe'. VoxEU, 27 October. Available at: https://voxeu.org/article/folly-central-banks-europe.

Muellbauer, J. (2008c). ‘Time for Unorthodox Monetary Policy'. VoxEU, 27 November. Available at: https://voxeu.org/article/unorthodox-monetary-policy- central-banks-stabilising-speculators.

Muellbauer, J. (2010). ‘Household Decisions, Credit Markets and the Macroeconomy: Implications for the Design of Central Bank Models'. Working Paper 306, Bank for International Settlements.

Muellbauer, J. (2011). ‘Time for Euro Bonds—But with Conditions'. VoxEU, 12 October. Available at: https://voxeu.org/article/time-euro-bonds-conditions.

Muellbauer, J. (2012). ‘When Is a Housing Market Overheated Enough to Threaten Stability?'. In A. Heath, F. Packer and C. Windsor (eds) Property Markets and Financial Stability. Sydney: Reserve Bank of Australia: 73-105.

Muellbauer, J. (2014a). ‘Six Fiscal Reforms for the UK's “Lost Generation”'. VoxEU, 25 March. Available at: https://voxeu.org/article/six-fiscal-reforms-uk-s-lost- generation.

Muellbauer, J. (2014b). ‘Combatting Eurozone Deflation: QE for the People'. VoxEU, 23 December. Available at: https://voxeu.org/article/combatting- eurozone-deflation-qe-people.

Muellbauer, J. (2016a). ‘Helicopter Money and Fiscal Rules'. VoxEU, 10 June. Available at: https://voxeu.org/article/helicopter-money-and-fiscal-rules.

Muellbauer, J. (2016b). ‘Macroeconomics and Consumption: Why Central Bank Models Failed and How to Repair Them'. VoxEU, 21 December. Available at: https://voxeu.org/article/why-central-bank-models-failed-and-how-repair-them.

Muellbauer, J. (2018a). ‘The Future of Macroeconomics'. In The Future of Central Banking: Festschrift in Honour of Vitor Constancio.

Muellbauer, J. (2018b). ‘Housing, Debt and the Economy: A Tale of Two Countries’. National Institute Economic Review, 245(1): 20—33.

Muellbauer, J. (2019a). ‘Historical Introduction to the Political Economy of Price Indices,’ Cyprus Economic Policy Review, 13(1): 31—34.

Muellbauer, J. (2019b). ‘The Political Economy of Price Indices’. Cyprus Economic Policy Review, 13(1): 35—56.

Muellbauer, J. (2019c). ‘A Tale of Two Cities: Is Overvaluation a Capital Issue?’. Chapter 5 in R. Nijskens, M. Lohuis, P. Hilbers and W Heeringa (eds) Hot Property: The Housing Market in Major Cities. Cham: Springer: 51—62.

Muellbauer, J. and J. Aron (2008). ‘US Price Deflation on the Way’. VoxEU, 10 October. Available at: https://voxeu.org/article/don-t-worry-about-inflation- worry-about-deflation.

Muellbauer, J. and R. Lattimore (1995). ‘The Consumption Function: A Theoretical and Empirical Overview’. Chapter 5 in M.H. Pesaran and M.R. Wickens (eds) Handbook of Applied Econometrics. Volume 1. Oxford: Blackwell: 187—267.

Muellbauer, J. and K. Murata (2011). ‘Mistaken Monetary Policy Lessons from Japan’. VoxEU, 21 August. Available at: https://voxeu.org/article/mistaken- monetary-policy-lessons-japan.

Muellbauer, J. and A. Murphy (1989). ‘Why Has UK Personal Saving Collapsed?’. Credit Suisse First Boston, July.

Muellbauer, J. and A. Murphy (1990). ‘Is the UK Balance of Payments Sustainable?’. Economic Policy, 5(11): 348—395.

Muellbauer, J. and A. Murphy (1997). ‘Booms and Busts in the UK Housing Market’. Economic Journal, 107(445): 1,701—1,727.

Muellbauer, J. and A. Murphy (2008). ‘Housing Markets and the Economy’. Oxford Review of Economic Policy, 24(1): 1—33.

Muellbauer, J. and R. Portes (1978a). ‘Macroeconomics with Nonclearing Markets’. Chapter 16 in WH. Branson (ed.) Macroeconomic Theory and Policy. New York: Harper & Row: 337—372.

Muellbauer, J. and R. Portes (1978b). ‘Macroeconomic Models with Quantity Rationing’. Economic Journal, 88(352): 788—821.

Muellbauer, J., P. St-Amant and D. Williams (2015). ‘Credit Conditions and Consumption, House Prices and Debt: What Makes Canada Different?’. Bank of Canada, Staff Working Paper 2015—40.

Muellbauer, J. and D. Williams (2012). ‘Credit Conditions and the Real Economy: The Elephant in the Room’. In Property Markets and Financial Stability. BIS Papers No. 64. Basel: Bank for International Settlements: 95-101.

Muellbauer, J. and D. Winter (1980). ‘Unemployment, Employment and Exports in British Manufacturing: A Non-Clearing Markets Approach’. European Economic Review, 13(3): 383-409.

Other Works Referred To

Banks, J., R. Blundell and A. Lewbel (1997). ‘Quadratic Engel Curves and Consumer Demand'. Review of Economics and Statistics, 79(4): 527—539.

Barr, D.G. and K. Cuthbertson (1991). ‘An Interdependent Error Feedback Model of UK Company Sector Asset Demands'. Oxford Economic Papers, New Series, 43(4): 596-611.

Barro, R.J. and H.I. Grossman (1971). ‘A General Disequilibrium Model of Income and Employment'. American Economic Review, 61(1): 82-93.

Barten, A. (1964). ‘Family Composition, Prices and Expenditure Patterns'. In P.E. Hart, G. Mills and J.K. Whitaker (eds) Econometric Analysis for National Economic Planning. Volume 16. Colston Papers. London: Butterworths: 277-291.

Besley, T. (2016). ‘The Contributions of Angus Deaton'. Scandinavian Journal of Economics, 118(3): 375-396.

Besley, T., A. Case and C. Paxson (2011). ‘Angus Deaton Symposium—Introduction'. Economic Journal, 121(554): F119-F122.

Blake, D. (2004). ‘Modelling the Composition of Personal Sector Wealth in the UK'. Applied Financial Economics, 14(9): 611-630.

Blanchflower, D.G. and A.J. Oswald (2013). ‘Does High Home-Ownership Impair the Labor Market?'. NBER Working Paper 19079. Cambridge, MA: National Bureau of Economic Research.

Blundell, R. (1988). ‘Consumer Behaviour: Theory and Empirical Evidence—A Survey'. Economic Journal, 98(389): 16-65.

Brainard, W.C. and J. Tobin (1968). ‘Pitfalls in Financial Model Building'. American Economic Review, Papers and Proceedings, 58(2): 99-122.

Carroll, C.D. (1992). ‘The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence'. Brookings Papers on Economic Activity, 23(2): 61-156.

Committee for the Prize in Economic Sciences in Memory of Alfred Nobel (2015). ‘Scientific Background on the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2015: Angus Deaton: Consumption, Poverty and Welfare'. Stockholm: The Royal Swedish Academy of Sciences. Available at: https://www.nobelprize.org/uploads/2018/06/advanced-economic- sciences2015.pdf.

Davidson, J.E.H., D.F. Hendry, F. Srba and S. Yeo (1978). ‘Econometric Modelling of the Aggregate Time-Series Relationship between Consumers' Expenditure and Income in the United Kingdom'. Economic Journal, 88(352): 661-692.

Deaton, A. (1991). ‘Saving and Liquidity Constraints'. Econometrica, 59(5): 1,221-1,248.

Diewert, W.E. (1971). ‘An Application of the Shephard Duality Theorem: A Generalized Leontief Production Function'. Journal of Political Economy, 79(3): 481-507.

Dreze, J.H. (1975). ‘Existence of an Exchange Equilibrium Under Price Rigidities’. International Economic Review, 16(2): 301—320.

Dreze, J.H. (1987). ‘Underemployment Equilibria: From Theory to Econometrics and Policy’. Presidential Address, First Congress of the European Economic Association, European Economic Review, 31(1—2): 9—34.

Gorman, W.M. (1981). ‘Some Engel Curves’. Chapter 1 in A. Deaton (ed.) Essays on the Theory and Measurement of Demand in Honour ofSir Richard Stone. Cambridge: Cambridge University Press: 7—30.

Hall, R.E. (1978). ‘Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence’. Journal of Political Economy, 86(6): 971—987.

Howe, H., R.A. Pollak and T.J. Wales (1979). ‘Theory and Time Series Estimation of the Quadratic Expenditure System’. Econometrica, 47(5): 1,231—1,247.

Jorgenson, D.W., L.J. Lau and T.M. Stoker (1982). ‘The Transcendental Logarithmic Model of Aggregate Consumer Behavior’. Chapter 3 in R.L. Basman and

G. Rhodes (eds) Advances in Econometrics. Volume 1. Greenwich, CT: JAI Press: 97-238.

Jorgenson, D.W. and D.T. Slesnick (1983). ‘Individual and Social Cost-of-Living Indexes’. Chapter 4 in W.E. Diewert and C. Montmarquette (eds) Price Level Measurement. Ottawa: Statistics Canada: 241-323.

Lewbel, A. (1988). ‘Exact Aggregation, Distribution Parameterizations, and a Nonlinear Representative Consumer’. Chapter 7 in G. Rhodes and T. Fomby (eds) Advances in Econometrics. Volume 7. Greenwich, CT: JAI Press: 253-290.

Lewbel, A. (1989). ‘Exact Aggregation and a Representative Consumer’. Quarterly Journal of Economics, 104(3): 621-633.

Lewbel, A. (1991). ‘The Rank of Demand Systems: Theory and Nonparametric Estimation’. Econometrica, 59(3): 711-730.

Malinvaud, E. (1977). The Theory of Unemployment Reconsidered. Oxford: Blackwell.

Mian, A., K. Rao and A. Sufi (2013). ‘Household Balance Sheets, Consumption, and the Economic Slump’. Quarterly Journal of Economics, 128(4): 1,687-1,726.

Mian, A. and A. Sufi (2018). ‘Finance and Business Cycles: The Credit-Driven Household Demand Channel’. Journal of Economic Perspectives, 32(3): 31-58.

Miles, D. (1992). ‘Housing Markets, Consumption and Financial Liberalisation in the Major Economies’. European Economic Review, 36(5): 1,093-1,127.

Poterba, J.M. (1984). ‘Tax Subsidies to Owner-Occupied Housing: An Asset-Market Approach’. Quarterly Journal of Economics, 99(4): 729-752.

Prais, S.J. and H.S. Houthakker (1955). The Analysis of Family Budgets. Cambridge: Cambridge University Press.

Sargan, J.D. (1964). ‘Wages and Prices in the United Kingdom: A Study in Econometric Methodology’. In P.E. Hart, G. Mills and J.K. Whitaker (eds) Econometric Analysis for National Economic Planning. Volume 16. Colston Papers. London: Butterworths: 25-54, with discussion.