Professor David Peel

Professor

Current Teaching

Undergraduate: ECON 202, ECON203

Postgraduate (MSc): ECON 400

Monitoring housing markets for episodes of exuberance: an application of the Phillips et al. (2012, 2013) GSADF test to the Dallas Fed International House Price Database
Pavlidis, E., Yusupova, A., Paya, I., Peel, D., Martínez-García, E., Mack, A., Grossman, V. 2014 Lancaster : Lancaster University, Department of Economics, 29 p.
Working paper

An example of an optimal forecast exhibiting decreasing bias with increasing forecast horizon
Aretz, K., Peel, D. 10/2013 In: Bulletin of Economic Research. 65, 4, p. 362-371. 10 p.
Journal article

Heterogeneous agents and the implications of the Markowitz model of utility for multi-prize lottery tickets
Peel, D. 06/2013 In: Economics Letters. 119, 3, p. 264-267. 4 p.
Journal article

Nonlinear causality tests and multivariate conditional heteroskedasticity: a simulation study
Pavlidis, E., Paya, I., Peel, D. 02/2013 In: Studies in Nonlinear Dynamics and Econometrics. 17, 3, p. 297-312. 16 p.
Journal article

Nonlinear dynamics in economics and finance and unit root testing
Pavlidis, E., Paya, I., Peel, D., Siriopoulos, C. 2013 In: European Journal of Finance. 19, 6, p. 572-588. 17 p.
Journal article

Higher-order moments in the theory of diversification and portfolio composition
Niguez, T., Paya, I., Peel, D., Perote, J. 2013 Lancaster : Lancaster University, Department of Economics, 26 p.
Working paper

Are analysts' loss functions asymmetric?
Peel, D., Pope, P.F., Clatworthy, M. 12/2012 In: Journal of Forecasting. 31, 8, p. 736-756. 21 p.
Journal article

Consistency of two major data sources for exchange rates in the interwar period and further evidence on the behaviour of exchange rates during hyperinflations
Peel, D., Spiru, A. 23/10/2012 Lancaster : Lancaster University, Department of Economics, 27 p.
Working paper

A New Test for Rational Speculative Bubbles using Forward Exchange Rates: The Case of the Interwar German Hyperinflation
Pavlidis, E., Paya, I., Peel, D. 7/09/2012 Lancaster : The Department of Economics, 26 p.
Working paper

On the potential for observational equivalence in experiments on risky choice when a power utility function is assumed
Peel, D., Zhang, J. 07/2012 In: Economics Letters. 116, 1, p. 8-10. 3 p.
Journal article

On the stability of the constant relative risk aversion (CRRA) under high degrees of uncertainty
Niguez, T., Paya, I., Peel, D., Perote, J. 05/2012 In: Economics Letters. 115, 2, p. 244-248. 5 p.
Journal article

Forecast evaluation of nonlinear models: the case of long-span real exchange rates
Pavlidis, E., Paya, I., Peel, D. 2012 In: Journal of Forecasting. 31, 7, p. 580-595. 16 p.
Journal article

The Impact of ECB and FED announcements on the Euro interest rates
Monticini, A., Peel, D., Vaciago, G. 11/2011 In: Economics Letters. 113, 2, p. 139-142. 4 p.
Journal article

Systematic sampling of nonlinear models: evidence on speed of adjustment in index futures markets
Paya, I., Peel, D. 02/2011 In: Journal of Futures Markets. 31, 2, p. 192-203. 12 p.
Journal article

On the stability of the CRRA utility under high degrees of uncertainty
Niguez, T.M., Paya, I., Peel, D., Perote, J. 2011 Lancaster University : The Department of Economics
Working paper

On lottery sales, jackpot sizes and irrationality: A cautionary note
Peel, D. 12/2010 In: Economics Letters. 109, 3, p. 161-163. 3 p.
Journal article

Real Exchange Rates and Time-Varying Trade Costs
Pavlidis, E., Paya, I., Peel, D. 2011 In: Journal of International Money and Finance. 30, 6, p. 1157-1179. 23 p.
Journal article

Habit and long memory in UK lottery sale
McHale, I., Peel, D. 10/2010 In: Economics Letters. 109, 1, p. 7-10. 4 p.
Journal article

Specifying smooth transition regression models in the presence of conditional heteroskedasticity of unknown form
Pavlidis, E., Paya, I., Peel, D. 2010 In: Studies in Nonlinear Dynamics and Econometrics. 14, 3, p. 1-38. 38 p.
Journal article

Inflation dynamics in the US: global but not local mean reversion
Paya, I., Nobay, A., Peel, D. 2010 In: Journal of Money, Credit and Banking. 42, 1, p. 135-150. 16 p.
Journal article

The forward premium puzzle in the interwar period and deviations from covered interest parity
Paya, I., Peel, D., Spiru, A.M. 2010 In: Economics Letters. 108, 1, p. 55-57. 3 p.
Journal article

Further empirical evidence on the consumption-real exchange rate anomaly.
Pavlidis, E., Paya, I., Peel, D. 2010 Lancaster : Lancaster University, Department of Economics, 22 p.
Working paper

Spreads vs professional forecasters as predictors of future output change
Aretz, K., Peel, D. 2010 In: Journal of Forecasting. 29, 6, p. 517-522. 6 p.
Journal article

On skewness of return and buying more than one ticket in a lottery
Peel, D., Law, D. 2009 In: Applied Economics Letters. 16, 10, p. 1350-4851. 3502 p.
Journal article

Testing for central bank independence and inflation using the wild bootstrap
Peel, D., Monticini, A. 2009 In: Economics Bulletin. 29, 3, p. 1602-1607. 6 p.
Journal article

The central bank inflation bias in the presence of asymmetric preferences and non-normal shocks
Peel, D., Christodoulakis, G. 2009 In: Economics Bulletin. 29, 3, p. 1608-1620. 13 p.
Journal article

The expo-power value function as a candidate for the work-horse specification in parametric versions of cumulative prospect theory
Peel, D., Zhang, J. 2009 In: Economics Letters. 105, 3, p. 326-329. 4 p.
Journal article

A more general non-expected utility model as an explanation of gambling outcomes for individuals and markets
Peel, D., Law, D. 2009 In: Economica. 76, 302, p. 251-263. 13 p.
Journal article

Economics of Betting Markets
Peel, D. 2009 London and New York : Routledge. ISBN: 9780415557306.
Book

Linkages between Shanghai and Hong Kong stock indices
Paya, I., Zhang, S., Peel, D. 2009 In: Applied Financial Economics. 19, 23, p. 1847-1857. 11 p.
Journal article

Bubbles in House Prices and their Impact on Consumption: Evidence for the US
Pavlidis, E., Paya, I., Peel, D., Spiru, A.M. 2009 Lancaster University : The Department of Economics
Working paper

Forecasting the Real Exchange Rate using a Long Span of Data. A Rematch: Linear vs Nonlinear
Pavlidis, E., Paya, I., Peel, D. 2009 Lancaster University : The Department of Economics
Working paper

Real Exchange Rates and Time-Varying Trade Costs
Pavlidis, E., Paya, I., Peel, D. 2009 Lancaster University : The Department of Economics
Working paper

Linkages between Shanghai and Hong Kong stock indices
Zhang, S., Paya, I., Peel, D. 2009 Lancaster University : The Department of Economics
Working paper

ESTAR model with multiple fixed points. Testing and Estimation
Venetis, I.A., Paya, I., Peel, D. 2009 Lancaster University : The Department of Economics
Working paper

Specifying Smooth Transition Regression Models in the Presence of Conditional Heteroskedasticity of Unknown Form
Pavlidis, E., Paya, I., Peel, D. 2009 Lancaster University : The Department of Economics
Working paper

The econometrics of exchange rates
Pavlidis, E., Paya, I., Peel, D. 2009 In: The Handbook of Econometrics Vol. 2. London : Palgrave p. 1025-1083. 59 p. ISBN: 9781403917997.
Chapter

Subjective skewness of return as an explanation of the optimal choice between gambles in cumulative prospect theory
Peel, D., Law, D. 2008 In: Journal of Economics and Gambling. 2, 2, p. 97-107. 11 p.
Journal article

The Markowitz model of utility supplemented with a small degree of probablility distortion as an explanation of outcomes of allais experiments over large and small payoffs and gambling on unlikely outcomes
Peel, D., Zhang, J., Law, D. 2008 In: Applied Economics. 40, 1, p. 17-26. 10 p.
Journal article

Bounded cumulative prospect theory: some implications for gambling outcomes
Peel, D., Cain, M., Law, D. 2008 In: Applied Economics. 40, 1, p. 5-15. 11 p.
Journal article

Testing significance of variables in regression analysis when there is non-normality or heteroskedasticity. The wild bootstrap and the generalized lambda distribution
Paya, I., Pavlidis, E., Peel, D. 2008 In: Advances in Doctoral Research in Management Vol. 2. Singapore : World Scientific Publishing ISBN: 9789812778659.
Chapter

Some implications of a quartic loss function
Aretz, K., Peel, D. 20/08/2007 In: Economics Bulletin. 7, 13, p. 1-7. 7 p.
Journal article

The long memory model of political support: some further results
Byers, D., Davidson, J., Peel, D. 2007 In: Applied Economics. 39, 20, p. 2547-2552. 6 p.
Journal article

On the equality of real interest rates across borders in integrated capital markets
Minford, P., Peel, D. 2007 In: Open Economies Review. 18, 1, p. 119-125. 7 p.
Journal article

Betting on odds on favorites as an optimal choice in cumulative prospect theory
Peel, D., Law, D. 2007 In: Economics Bulletin. 4, 26, p. 1-10. 10 p.
Journal article

Deterministic impulse response in a nonlinear model. An analytical expression.
Venetis, I.A., Paya, I., Peel, D. 2007 In: Economics Letters. 95, 3, p. 315-319. 5 p.
Journal article

Implementing the wild bootstrap using a two-point distribution
Davidson, J., Monticini, A., Peel, D. 2007 In: Economics Letters. 93, 3, p. 309-315. 7 p.
Journal article

Simulating stock returns under switching regimes- a new test of market efficiency
Meenagh, D., Minford, P., Peel, D. 2007 In: Economics Letters. 94, 2, p. 235-239. 5 p.
Journal article

Habit, aggregation and long memory: evidence from television audience data
Byers, D., Peel, D.A., Thomas, D.A. 2007 In: Applied Economics. 39, 3, p. 321-327. 7 p.
Journal article

Gambling and nonexpected utility: the perils of the power function
Law, D., Peel, D. 2007 In: Applied Economics Letters. 14, 2, p. 79-82. 4 p.
Journal article

On the relationship between nominal exchange rates and domestic and foreign prices
Paya, I., Peel, D.A. 2007 In: Applied Financial Economics. 17, 2, p. 105 - 117. 13 p.
Journal article

Evaluating the properties of analysts' forecasts: a bootstrap approach
Clatworthy, M.A., Peel, D., Pope, P.F. 2007 In: British Accounting Review. 39, 1, p. 3-13. 11 p.
Journal article

The relationship between expected utility and higher moments for distributions captured by the Gram-Charlier class
Peel, D., Christodoulakis, G. 2006 In: Finance Research Letters. 3, 4, p. 273-276. 4 p.
Journal article

Support for Governments and leaders: fractional cointegration analysis of poll evidence from the UK, 1960-2004
Davidson, J., Peel, D., Byers, D. 2006 In: Studies in Nonlinear Dynamics and Econometrics. 10, 1, p. Article 3.
Journal article

Expected stock returns, aggregate consumption and wealth: some further empirical evidence
Ioannides, C., Peel, D., Matthews, K. 2006 In: Journal of Macroeconomics. 28, 2, p. 439-445. 7 p.
Journal article

A new analysis of the determinants of the real dollar-sterling exchange rate: 1871-1994
Peel, D., Paya, I. 2006 In: Journal of Money, Credit and Banking. 38, 8, p. 1971-1990. 20 p.
Journal article

On the relationship between Nominal Exchange Rates and domestic and foreign prices
Paya, I., Peel, D. 2006 Lancaster University : The Department of Economics
Working paper

Are analysts’ loss functions asymmetric?
Clatworthy, M.A., Peel, D., Pope, P.F. 2006 Lancaster University : The Department of Economics
Working paper

Temporal aggregation of an ESTAR process: some implications for purchasing power parity adjustment
Paya, I., Peel, D. 2006 In: Journal of Applied Econometrics. 21, 5, p. 655-668. 14 p.
Journal article

On the speed of adjustment in ESTAR models when allowance is made for bias in estimation
Paya, I., Peel, D. 2006 In: Economics Letters. 90, 2, p. 272-277. 6 p.
Journal article

Testing for market efficiency in gambling markets when the errors are non-normal and heteroskedastic an application of the wild bootstrap
Ioannides, C., Peel, D. 2005 In: Economics Letters. 87, 2, p. 221-226. 6 p.
Journal article

The term spread and real economic activity in the US inter-war period
Paya, I., Matthews, K., Peel, D. 2005 In: Journal of Macroeconomics. 27, 2, p. 331-343. 13 p.
Journal article

Smooth transition models and arbitrage consistency
Peel, D., Venetis, I.A. 2005 In: Economica. 72, 3, p. 413-430. 18 p.
Journal article

Non-linearity in stock index returns: the volatility and serial correlation relationship
Venetis, I.A., Peel, D. 2005 In: Economic Modelling. 22, 1, p. 1-19. 19 p.
Journal article

Are analysts' loss functions asymmetric?
Clatworthy, M.A., Peel, D., Pope, P.F. 2005 Lancaster University : The Department of Economics
Working paper

The long memory model of political support: some further results
Byers, D., Davidson, J., Peel, D. 2005 Lancaster University : The Department of Economics
Working paper

Testing for market efficiency in gambling markets: some observations and new statistical tests based on a bootstrap method
Paya, I., Peel, D., Law, D., Peirson, J. 2005 In: Information Efficiency in Financial and Betting Markets. Cambridge : Cambridge University Press p. 346-365. 20 p. ISBN: 0521816033.
Chapter

Ex ante real returns in forward market speculation in the interwar period: evidence and prediction
Paya, I., Peel, D. 2005 In: New Trends in Macroeconomics. Berlin : Springer p. 125-146. 22 p. ISBN: 3-540-21448-8.
Chapter

The process followed by PPP data: on the properties of linearity tests
Paya, I., Peel, D. 2005 In: Applied Economics. 37, 21, p. 2515-2522. 8 p.
Journal article

Habit, aggregation and long memory: evidence from television audience data
Byers, D., Peel, D., Thomas, D.A. 2005 Lancaster University : The Department of Economics
Working paper

Cumulative prospect theory and gambling
Cain, M., Law, D., Peel, D. 2005 Lancaster University : The Department of Economics
Working paper

Smooth transition models and arbitrage consistency
Peel, D., Venetis, I.A. 2005 Lancaster University : The Department of Economics
Working paper

A new analysis of the determinants of the real dollar-sterling exchange rate: 1871-1994
Paya, I., Peel, D. 2005 Lancaster University : The Department of Economics
Working paper

Temporal aggregation of an ESTAR process: some implications for purchasing power parity adjustment
Paya, I., Peel, D. 2005 Lancaster University : The Department of Economics
Working paper

Alan Walters and the demand for money: an empirical retrospective
Matthews, K., Peel, D., Paya, I. 2004 In: Money Matters. Essays in Honour of Sir Alan Walters. Cheltenham : Edward Elgar ISBN: 1-84376-443-1.
Chapter

Estimates of US monetary policy rules with allowance for changes in the output gap
Venetis, I.A., Peel, D., Paya, I. 2004 In: Applied Economics Letters. 11, 10, p. 601-605. 5 p.
Journal article

Utility and the skewness of return in gambling
Cain, M., Peel, D. 2004 In: Geneva Papers on Risk and Insurance Theory. 29, 2, p. 145-163. 19 p.
Journal article

The utility of gambling and the favourite long-shot bias
Peel, D. 2004 In: European Journal of Finance. 10, 5, p. 370-390. 21 p.
Journal article

Nonlinear purchasing power parity under the gold standard
Peel, D., Paya, I. 2004 In: Southern Economic Journal. 71, 2, p. 302-313. 12 p.
Journal article

Asymmetry in the link between the yield spread and industrial production: threshold effects and forecasting
Paya, I., Peel, D. 2004 In: Journal of Forecasting. 23, 5, p. 373-384. 12 p.
Journal article

Further Evidence on PPP Adjustment Speeds: the Case of Effective Real Exchange Rates and the EMS
Paya, I., Venetis, I., Peel, D. 09/2003 In: Oxford Bulletin of Economics and Statistics. 65, 4, p. 421-437. 17 p.
Journal article

Optimal discretionary monetary policy in a model of asymmetric central bank preferences.
Nobay, A.R., Peel, D. 07/2003 In: Economic Journal. 113, 489, p. 657-665. 9 p.
Journal article

The Time Series Properties of Financial Ratios: Lev Revisited
Ioannides, C., Peel, D., Peel, M.J. 2003 In: Journal of Business Finance and Accounting. 30, 5-6, p. 699-714. 16 p.
Journal article

PPP adjustment speeds in high frequency data when equilibrium real exchange rates is proxied by a time trend
Peel, D., Paya, I. 2003 In: Manchester School. 71, p. 39-53. 15 p.
Journal article

The favourite-longshot bias, bookmaker margins and insider trading in a variety of betting markets
Cain, M., Law, D., Peel, D. 2003 In: Bulletin of Economic Research. 55, 3, p. 263-273. 11 p.
Journal article

Empirical evidence on the relationship between the term structure of interest rates and future real output changes when there are changes in policy regimes
Peel, D., Ioannides, C. 2003 In: Economics Letters. 78, 2, p. 147-152. 6 p.
Journal article

The favourite-longshot bias and the Gabriel and Marsden anomaly: an explanation based on utility theory
Cain, M., Peel, D., Law, D. 2003 In: The Economics of Gambling. London and New York : Routledge p. 2-13. 12 p. ISBN: 0-415-26091-4.
Chapter

Nonlinear equilibrium correction in U.S. real money balances, 1869 - 1997
Taylor, M.P., Peel, D., Sarno, L. 2003 In: Journal of Money, Credit and Banking. 35, 5, p. 787-799. 13 p.
Journal article

Insider trading, herding behaviour and market plungers in the British horse-race betting market
Law, D., Peel, D. 2002 In: Economica. 69, 274, p. 327-338. 12 p.
Journal article

Covered interest rate arbitrage in the interwar period and the Keynes-Einzig conjecture
Peel, D., Taylor, M.P. 2002 In: Journal of Money, Credit and Banking. 34, 1, p. 51-75. 25 p.
Journal article

Advanced Macroeconomics: A Primer
Minford, A., Peel, D. 2002 Cheltenham : Edward Elgar. 548 p. ISBN: 1843760908.
Book

The Incidence of Insider Trading in Betting Markets and the Gabriel and Marsden Anomaly
Law, D., Cain, M., Peel, D. 03/2001 In: Manchester School. 69, 2, p. 197-207. 11 p.
Journal article

The relationship between two indicators of insider trading in british racetrack betting
Law, D., Cain, M., Peel, D. 2001 In: Economica. 68, 1269, p. 97-104. 8 p.
Journal article

Nonlinear mean-reversion in real exchange rates: toward a solution to the purchasing power parity puzzles
Sarno, L., Peel, D., Taylor, M.P. 2001 In: International Economic Review. 42, 4, p. 1015-1042. 28 p.
Journal article

Testing for statistical and market efficiency when forecast errors are non-normal: the NFL betting market revisted
Cain, M., Law, D., Peel, D. 12/2000 In: Journal of Forecasting. 19, 7, p. 575-586. 12 p.
Journal article

The dynamics of aggregate political popularity: evidence from eight countries
Byers, J., Davidson, J., Peel, D. 03/2000 In: Electoral Studies. 19, 1, p. 49-62. 14 p.
Journal article

The favourite-longshot bias and market efficiency in UK football betting
Law, D., Cain, M., Peel, D. 2000 In: Scottish Journal of Political Economy. 47, 1, p. 25-36. 12 p.
Journal article

Non-linear dynamics of inflation in high inflation economies
Byers, D., Peel, D. 2000 In: Manchester School. 68, 3, p. 23-37. 15 p.
Journal article

Nonlinear adjustment, long-run equilibrium and exchange rate fundamentals
Taylor, M.P., Peel, D. 2000 In: Journal of International Money and Finance. p. 33-53. 21 p.
Journal article

Optimal monetary policy with a nonlinear Philips curve
Nobay, A.R., Peel, D. 2000 In: Economics Letters. 67, 2, p. 159-164. 6 p.
Journal article

Volatility and the big bang factor - has the big bang made UK stock prices more volatile?
Pope, P.F., Peel, D., Yadav, P.K. 2000 In: Double Takes (reprinted). Chichester : John Wiley and Sons Ltd p. 231-235. 5 p. ISBN: 0-471-89313-7.
Chapter

The non-uniqueness of Dorfman-Steiner condition: a note
Peel, D. 1973 In: Economica. 40, 158
Journal article

The Kinked Demand Curve - the Demand for Labour Reconsidered
Peel, D. 1973 In: Recherches Economique de Louvain. p. 267-274. 8 p.
Journal article

Nonlinear hyperinflationary exchange rate dynamics: the Polish Zloty 1988-1990
Speight, A., Peel, D. 1999 In: Money and Macroeconomic Policy. Cheltenham : Edward Elgar p. 175-198. 24 p.
Chapter

Nonlinear adjustment towards long-run money demand: an empirical investigation
Nobay, A.R., Michael, P., Peel, D. 1999 In: Nonlinear Time Series Analysis of Economic and Financial Data. Dordrecht : Kluwer Academic Publishers p. 179-190. 12 p. ISBN: 0792383796.
Chapter

Rationality testing under asymmetric loss
Batchelor, R., Peel, D. 1998 In: Economics Letters. 61, 1, p. 49-54. 6 p.
Journal article

Periodically collapsing stock price bubbles: a robust test
Taylor, M.P., Peel, D. 1998 In: Economics Letters. 61, 2, p. 221-228. 8 p.
Journal article

A note on some properties of the ESTAR Model
Chappell, D., Peel, D. 1998 In: Economics Letters. 60, 3, p. 311-315. 5 p.
Journal article

The slope of the yield curve and real economic activity: tracing the transmission mechanism
Taylor, M.P., Peel, D. 1998 In: Economics Letters. 58, 2, p. 165-174. 10 p.
Journal article

A non-linear error correction mechanism based on the bilinear model
Davidson, D., Peel, D. 1998 In: Economics Letters. 58, 2, p. 165-170. 6 p.
Journal article

Modelling business cycle nonlinearity in conditional mean and conditional variance: some international evidence
Peel, D., Speight, A. 1998 In: Economica. 65, 258, p. 211-229. 19 p.
Journal article

Information disclosure to employees and rational expectations: a game theoretical perspective - a comment
Pope, P.F., Peel, D. 10/1997 In: Journal of Business Finance and Accounting. 24, 9, p. 1433-1435. 3 p.
Journal article

Nonlinearities in East European Black Market Exchange Rates
Peel, D., Speight, A. 01/1997 In: International Journal of Finance and Economics. 2, 1, p. 39-57. 19 p.
Journal article

Modelling political popularity: an analysis of long-range dependence in opinion poll series
Byers, D., Davidson, D., Peel, D. 1997 In: Journal of the Royal Statistical Society: Series A (Statistics in Society). 160, 3, p. 471-490. 20 p.
Journal article

Transactions costs and nonlinear adjustment in real exchange rates: an empirical investigation
Nobay, A.R., Peel, D., Michael, P. 1997 In: Journal of Political Economy. 105, 4, p. 862-879. 18 p.
Journal article

Long Memory Risk Premia in Exchange Rates’
Byers, J., Peel, D. 12/1996 In: Manchester School. 64, 4, p. 421-438. 18 p.
Journal article

Purchasing power parity yet again: evidence from spatially seperated commodity markets
Nobay, A.R., Michael, P., Peel, D. 1996 In: Journal of International Money and Finance. 13, 6, p. 637-657. 21 p.
Journal article

Exchange Rate Dynamics and Monetary Reforms: Theory and Evidence from Britain's Return to Gold
Peel, D., Micheal, P., Nobay, A. 1996 In: Modern Perspectives on The Gold Standard. Cambridge : Cambridge University Press p. 341-366. 26 p.
Chapter (peer-reviewed)

Forecasting industrial production using non-linear methods
Byers, D., Peel, D. 07/1995 In: Journal of Forecasting. 14, 4, p. 325-336. 12 p.
Journal article

Time-Varying Risk Premia and the Term Structure of Forward Exchange Rates
Peel, D., Pope, P. 03/1995 In: Manchester School. 63, 1, p. 69-81. 13 p.
Journal article

Some empirical evidence on the time series properties of four UK Asset Prices
Raeburn, E., Lane, J., Peel, D. 1995 In: Economica. 63, 251, p. 405-426. 22 p.
Journal article

Non-Linear Dependence in Unemployment, Output and Inflation - Empirical Evidence for the UK
Peel, D., Speight, A. 1995 In: The Natural Rate of Unemployment: Reflections of Twenty Five Years of the Hypothesis. Cambridge : Cambridge University Press p. 231-255. 25 p.
Chapter (peer-reviewed)

Testing for non-linear dependence in interwar exchange rates
Peel, D., Speight, A. 1994 In: Weltwirtschaftliches Archiv. p. 391-417. 27 p.
Journal article

The German hyperinflation and the demand for money revisited
Nobay, A.R., Michael, P., Peel, D. 1994 In: International Economic Review. 35, 1, p. 1-22. 22 p.
Journal article

Linear and Non Linear Models of Economic Time Series. An introduction with applications to industrial economics
Byers, J.D., Peel, D. 1994 In: Current Issues in Industrial Economics. London : Macmillan p. 227-259. 33 p. ISBN: 0333560825.
Chapter

Hysteresis and Cyclical Variability in Real Wages, Output and Unemployment: Empirical Evidence from Non-Linear Methods for the United States
Peel, D., Speight, A. 1994 In: International Journal of Systems Science. 25, 5, p. 934-965. 32 p.
Journal article

Testing for Market Efficiency in the Exchange Market
Peel, D. 1994 In: Risk and Uncertainty in Economics. Aldershot : Edward Elgar p. 147-163. 17 p.
Chapter (peer-reviewed)

Deregulation and UK stock market volatility
Pope, P.F., Yadav, P.K., Peel, D. 1993 In: Journal of Business Finance and Accounting. 20, 3, p. 359-372. 14 p.
Journal article

Some Evidence on the Interdependence of National Stock Markets and the Gains from Portfolio Diversification
Byers, J., Peel, D. 1993 In: Applied Financial Economics. 3, 3, p. 239-242. 4 p.
Journal article

Macroeconomics and the Agricultural Sector
Midmore, P., Peel, D. 1993 In: Current Issues in Agricultural Economics. Basingstoke : Macmillan p. 154-177. 24 p.
Chapter (peer-reviewed)

The maximum and minimum of primary forecasts
Cain, M., Law, D., Peel, D. 12/1992 In: Journal of Forecasting. 11, 8, p. 711-718. 8 p.
Journal article

Some analysis of the long-run time series properties of consumption and income in the UK
Peel, D. 1992 In: Economics Letters. 39, 2, p. 173-178. 6 p.
Journal article

The effects of exchange rate volatility on exports: Some new estimates
Assery, A., Peel, D. 10/1991 In: Economics Letters. 37, 2, p. 173-177. 5 p.
Journal article

Estimates of a traditional aggregate import demand model for five countries
Assery, A., Peel, D. 04/1991 In: Economics Letters. 35, 4, p. 435-439. 5 p.
Journal article

Forward foreign exchange rates and risk premia - a reappraisal
Pope, P.F., Peel, D. 1991 In: Journal of International Money and Finance. 10, 3, p. 443-456. 14 p.
Journal article

Some evidence on the efficiency of the sterling-dollar and sterling-franc forward exchange rates in the inter-war period
Byers, D., Peel, D. 1991 In: Economics Letters. 35, 1, p. 317-322. 6 p.
Journal article

The policy anticipation hypothesis and the expected inflation hypothesis: Some new evidence using index linked bonds
Peel, D., Pope, P., Paudyal, K. 10/1990 In: Economics Letters. 34, 2, p. 121-125. 5 p.
Journal article

Insider Trading: Some Evidence on Market Efficiency and Directors' Share Dealings in Great Britain
Pope, P., Morris, R., Peel, D. 06/1990 In: Journal of Business Finance and Accounting. 17, 3, p. 359-380. 22 p.
Journal article

On testing for unbiasedness and efficiency of forecasts
Holden, K., Peel, D. 1990 In: Manchester School. p. 121-127. 7 p.
Journal article

Volatility and the big bang factor - has the big bang made UK stock prices more volatile?
Pope, P.F., Yadav, P.K., Peel, D. 1990 In: Professional Investor. p. 20-22. 3 p.
Journal article

Rational Expectations and the New Macroeconomics
Peel, D. 1990 In: New Thinking in Economics. Aldershot : Edward Elgar Publishing p. 72-87. 16 p.
Chapter (peer-reviewed)

Empirical evidence on the properties of exchange rate forecasts and the risk premium
Peel, D., Pope, P. 12/1989 In: Economics Letters. 31, 4, p. 387-391. 5 p.
Journal article

Economic Forecasting: an introduction
Holden, K., Peel, D., Thompson, J.L. 1990 Cambridge : Cambridge University Press. 213 p. Electronic ISBN: 9780521356923.
Book

On testing the properties of directly obtained expectations data
Peel, D. 08/1989 In: Economics Letters. 30, 2, p. 137-139. 3 p.
Journal article

Unbiasedness, Efficiency and the Combination of Forecasts
Holden, K., Peel, D. 07/1989 In: Journal of Forecasting. 8, 3, p. 175-188. 14 p.
Journal article

Information, prices and efficiency in a fixed-odds betting market
Pope, P.F., Peel, D. 1989 In: Economica. 56, 223, p. 323-341. 19 p.
Journal article

New Classical Macroeconomics
Peel, D. 1989 In: Current issues in macroeconomics. London : Macmillan p. 45-67.
Chapter (peer-reviewed)

Stock Returns and Expected Inflation in the U.K.: Some New Evidence
Peel, D., Pope, P. 12/1988 In: Journal of Business Finance and Accounting. 15, 4, p. 459-467. 9 p.
Journal article

Combining Economic Forecasts
Peel, D. 11/1988 In: Journal of the Operational Research Society. 39, 11, p. 1005-1010. 6 p.
Journal article

OUTCOME UNCERTAINTY and THE DEMAND FOR FOOTBALL: AN ANALYSIS OF MATCH ATTENDANCES IN THE ENGLISH FOOTBALL LEAGUE
Peel, D., Thomas, D. 08/1988 In: Scottish Journal of Political Economy. 35, 3, p. 242-249. 8 p.
Journal article

A multilogit approach to predicting corporate failure: some UK evidence
Peel, M.J., Peel, D. 1988 In: OMEGA the International Journal of Management Science. 16, 4, p. 309-318. 10 p.
Journal article

Some further empirical evidence on predicting private company failure
Peel, M.J., Peel, D. 1988 In: Accounting and Business Research.
Journal article

Critical bounds for MA(2) and MA(3) processes
Lane, J., Ceuppins, P., Peel, D. 1988 In: Economics Letters. 27, 2, p. 133-140. 8 p.
Journal article

Economic surprises and the behaviour of asset prices: Some analyses and further empirical results
Peel, D., Pope, P. 1988 In: Economics Letters. 27, 4, p. 375-379. 5 p.
Journal article

Forecasting Livestock Slaughter: An Empirical Assessment of M.L.C. Forecasts
Byers, D., Peel, D. 05/1987 In: Journal of Agricultural Economics. 38, 2, p. 235-241. 7 p.
Journal article

Further empirical evidence on popularity and electoral cycle effects
Peel, D., Jones, D. 1987 In: Economics Letters. 23, 1, p. 31-36. 6 p.
Journal article

The Economics of Wage Controls
Holden, K., Peel, D., Thompson, J. 1987 Houndmills : Macmillan. 144 p. ISBN: 0333413911.
Book

An empirical investigation of combinations of economic forecasts
Holden, K., Peel, D. 10/1986 In: Journal of Forecasting. 5, 4, p. 229-242. 14 p.
Journal article

On Lagged Adjustment, Permanent Income, Expectations Formation and the Demand for Money
MacDonald, R., Peel, D. 01/1986 In: Oxford Bulletin of Economics and Statistics. 48, 1, p. 61-72. 12 p.
Journal article

What can economists learn from politics and vice versa
Chrystal, A., Peel, D. 1986 In: The American Economic Review. p. 62-65. 4 p.
Journal article

Predicting Corporate Failure - Some Results for the U.K. Corporate Sector
Peel, M., Peel, D., Pope, P. 1986 In: OMEGA the International Journal of Management Science. 14, 1, p. 5-12. 8 p.
Journal article

The impact of benefits on unemployment in Britain in the interwar period: Some further empirical evidence
Holden, K., Peel, D. 1986 In: Journal of Macroeconomics. 8, 2, p. 227-232. 7 p.
Journal article

The velocity of money and the random walk hypothesis
Macdonald, R., Peel, D. 1986 In: Economics Letters. 20, 1, p. 63-66. 4 p.
Journal article

An alternative approach to explaining political popularity
Holden, K., Peel, D. 12/1985 In: Electoral Studies. 4, 3, p. 231-239. 9 p.
Journal article

Involuntary saving, unanticipated inflation and the rationality of expectations formation: Some empirical evidence
Macdonald, R., Peel, D. 09/1985 In: Weltwirtschaftliches Archiv. 121, 3, p. 553-559. 7 p.
Journal article

Testing the Fisherian Hypothesis: Some Methodological Issues and Further Evidence for THe U.K.
Peel, D., Pope, P. 06/1985 In: Journal of Business Finance and Accounting. 12, 2, p. 297-312. 16 p.
Journal article

Surprises in the consumption function, incomplete current inflation and moving average errors: a note
Holden, K., Peel, D. 03/1985 In: Economic Journal. 95, 377, p. 183-188. 6 p.
Journal article

Expectations: Theory and Evidence
Holden, K., Peel, D., Thompson, J. 1985 Houndmills : Macmillan. 195 p. ISBN: 0333350847.
Book

An Evaluation of Quarterly National Institute Forecasts
Holden, K., Peel, D. 1985 In: Journal of Forecasting. 4, 2, p. 227-234. 8 p.
Journal article

Some Empirical Results on 'the Rationality' of Expectations Derived from Survey Data
Peel, D., Walters, K. 09/1984 In: Empirical Economics. 9, 3, p. 151-163. 13 p.
Journal article

Corporate Accounting Data, Capital Market Information and Wage Increases of the Firm
Peel, D., Pope, P. 06/1984 In: Journal of Business Finance and Accounting. 11, 2, p. 177-188. 12 p.
Journal article

Growth and inflationary finance: variations on a Mundellian theme
Calvo, G., Peel, D. 10/1983 In: Journal of Political Economy. 91, 5, p. 880-887. 8 p.
Journal article

Some Implications of Partial Current Information Sets in Macroeconomic Models Embodying Rational Expectations
Minford, A., Peel, D. 09/1983 In: Manchester School. 51, 3, p. 235-249. 15 p.
Journal article

Forecasts and expectations: some evidence for the U.K.
Holden, K., Peel, D. 1983 In: Journal of Forecasting. p. 51-58. 8 p.
Journal article

On the effectiveness of automatic stabilizers under rational expectations when there is partial current information
Minford, A., Peel, D. 1983 In: Economics Letters. 11, 3, p. 225-229. 5 p.
Journal article

An Introduction to the Econometric Modelling of the United Kingdom
Holden, K., Peel, D., Thompson, J. 1983 Martin Robertson and Co.. ISBN: 0855205202.
Book

The microfoundations of the Philips curve with rational expectations
Minford, A.P.L., Peel, D. 11/1982 In: Oxford Economic Papers. 34, 3, p. 449-451. 3 p.
Journal article

The political theory of the business cycle
Minford, A.P.L., Peel, D. 1982 In: European Economic Review. 17, 2, p. 253-270. 18 p.
Journal article

The Optimal Use of Information, Collective Bargaining and the Disclosure Debate
Peel, D., Pope, P. 1982 In: Financial Information and Industrial Relations. Hull : Barmarick Publications ISBN: 0906971594.
Chapter

The Relationship Between Preliminary and Revised Estimates of G.D.P. and Consumers' Expenditure in the U.K.
Holden, K., Peel, D. 1982 In: Journal of the Royal Statistical Society - Series D: The Statistician. p. 259-266. 8 p.
Journal article

The government behavioural constraint in rational expectations models
Nobay, A., Peel, D. 1982 In: Economics Letters. 9, 3, p. 221-227. 7 p.
Journal article

THE ROLE OF MONETARY STABILIZATION POLICY UNDER RATIONAL EXPECTATIONS
Minford, A., Peel, D. 03/1981 In: Manchester School. 49, 1, p. 39-50. 12 p.
Journal article

Non-uniqueness and the role of the monetary authorities
Peel, D. 1981 In: Economics Letters. 7, 1, p. 25-28. 4 p.
Journal article

Unemployment and the Replacement Ratio. Some Reduced Form Estimates
Holden, K., Peel, D. 1981 In: Economics Letters. 8, 4, p. 349-354. 6 p.
Journal article

Rational Expectations and Wage and Price Inflexibility: A Note
Chappell, D., Peel, D. 1981 In: Scandinavian Journal of Economics. 83, 1, p. 115-120. 6 p.
Journal article

On the Implications of Monetary Rules in a Stochastic Framework
Peel, D. 06/1980 In: Weltwirtschaftliches Archiv. 116, 2, p. 253-263. 11 p.
Journal article

The natural rate hypothesis and rational expectations. A critique of some recent developments
Minford, A.P.L., Peel, D. 1980 In: Oxford Economic Papers. 31, 1, p. 71-81. 11 p.
Journal article

Divergent expectations and the dynamic stability of some simple macro economic models
Peel, D., Metcalf, S.J. 12/1979 In: Economic Journal. 89, 356, p. 789-798. 10 p.
Journal article

On Conditions for Dynamic Stability and Discrete Specifications of a Monetary Model
Peel, D. 1980 In: The Economic and Social Review. p. 207-215. 9 p.
Journal article

On Dynamic Stability of Monetary Models when the Money Supply is Endogenous
Chappell, D., Peel, D. 12/1979 In: Manchester School. 47, 4, p. 349-358. 10 p.
Journal article

A Dynamic Model of the Demand for Labour Services
Latham, R., Peel, D. 05/1979 In: Bulletin of Economic Research. 31, 1, p. 24-30. 7 p.
Journal article

Inflation and Output Dynamics with a Floating Exchange Rate
Metcalfe, J., Peel, D. 02/1979 In: European Economic Review. 12, 1, p. 73-89. 17 p.
Journal article

The behaviour of a simple macro model with endogenous demand and supply of labour
Peel, D. 1979 In: International Economic Review. 20, 2, p. 381-389. 9 p.
Journal article

The classical supply hypothesis and the observational equivalence of classical and Keynesian models
Minford, A.P.L., Peel, D. 1979 In: Economics Letters. 2, 3, p. 229-233. 5 p.
Journal article

On the political theory of business cycle
Chappell, D., Peel, D. 1979 In: Economics Letters. 2, 4, p. 327-332. 6 p.
Journal article

Prices and money supply in Latin American Countries 1958-1975
Holden, K., Peel, D. 1979 In: The Review of Economics and Statistics. 61, 3, p. 446-450. 5 p.
Journal article

The Dynamic Behaviour of a Simple Macro Economic Model with a Tax Based Incomes Policy
Peel, D. 1979 In: Economics Letters. 3, 2, p. 139-143. 5 p.
Journal article

On dynamic stability in monetary models which incorporate short- and long-run expectations of inflation in the demand for the money function
Peel, D. 1979 In: Economics Letters. 2, 2, p. 131-136. 6 p.
Journal article

On the Built-in-Flexibility of Taxation and the Deterministic and the Stochastic Stability of MacroModels with Different Expectations Schemes
Peel, D. 1979 In: Public Finance. p. 258-266. 9 p.
Journal article

The Determinants of the Unemployment Rate: Some Empirical Evidence
Holden, K., Peel, D. 1979 In: Journal of the Royal Statistical Society - Series D: The Statistician. p. 101-107. 7 p.
Journal article

Short-run employment functions. Excess supply and the speed of adjustment
Peel, D., Walker, I. 1978 In: Economica. 45, 178, p. 195-205. 11 p.
Journal article

Optimal recruitment advertising
Chappell, D., Peel, D. 1978 In: Management Science. p. 910-918. 9 p.
Journal article

Inflationary Expectations and Self-Generating Inflations
Peel, D. 1978 In: Weltwirtschaftliches Archiv. 114, 1, p. 12-23. 12 p.
Journal article

Derived Demand and Oligopoly
Latham, R., Peel, D. 05/1977 In: Bulletin of Economic Research. 29, 1, p. 3-8. 6 p.
Journal article

On the Case for Indexation of Wages and Salaries
Peel, D. 05/1977 In: Kyklos. 30, 2, p. 259-270. 12 p.
Journal article

An empirical investigation of inflationary expectations
Holden, K., Peel, D. 1977 In: Oxford Bulletin of Economics and Statistics. 39, 4, p. 291-300. 10 p.
Journal article

The tax on wages increases when the firm is a monopsonist
Latham, R.W., Peel, D. 1977 In: The Journal of Public Economics. 8, 2, p. 247-53. 7 p.
Journal article

Some implications of alternative monetary rules in an extension of Black's model
Peel, D. 1977 In: European Economic Review. p. 260-275. 16 p.
Journal article

Unemployment and Unanticipated Inflation in Six Countries
Holden, K., Peel, D. 1977 In: European Economic Review. 10, 2, p. 253-271. 19 p.
Journal article

The Cost Function
Latham, R., Peel, D. 11/1976 In: Bulletin of Economic Research. 28, 2, p. 77-84. 8 p.
Journal article

Unemployment and Inflation in the U.K. 1893–1938
Peel, D., Sheriff, T. 10/1976 In: Industrial Relations Journal. 15, 3, p. 324-327. 4 p.
Journal article

Alternative Measures of Excess Demand for Explaining Money Wage Inflation in U.K. Manufacturing Industry
Holden, K., Peel, D. 06/1976 In: Manchester School. 44, 2, p. 132-146. 15 p.
Journal article

The Shake-Out Hypothesis: A Note
Holden, K., Peel, D. 05/1976 In: Oxford Bulletin of Economics and Statistics. 38, 2, p. 141-146. 6 p.
Journal article

A Cross-Sectional Analysis of Regional Strike Activity in Britain
Bean, R., Peel, D. 1976 In: Regional Studies. 10, 3, p. 299-305. 7 p.
Journal article

Business Activity, Labour Organisation and Industrial Disputes in the U.K., 1892-1938
Bean, R., Peel, D. 1976 In: Business History. 18, 2, p. 205-211. 7 p.
Journal article

The Determinants of the Natural Rate of Unemployment in the Neo- Classical Model
Latham, R., Peel, D. 09/1975 In: Economic Record. 51, 3, p. 308-317. 10 p.
Journal article

A Monte Carlo Study of the Phillips Curve
Peel, D., Holden, K. 05/1975 In: Oxford Bulletin of Economics and Statistics. 37, 2, p. 155-158. 4 p.
Journal article

The Specification of the Short-Run Employment Function: An Empirical Investigation of the Demand for labour in UK Manufacturing
Peel, D., Briscoe, G. 05/1975 In: Oxford Bulletin of Economics and Statistics. 37, 2, p. 115-142. 28 p.
Journal article

The user cost and the preference function
Latham, R.W., Peel, D. 1975 In: The Quarterly Journal of Economics. 89, 1, p. 154-156. 3 p.
Journal article

Advertising and Aggregate Consumption
Peel, D. 1975 In: Advertising and Economic Behaviour. London : Macmillan
Chapter (peer-reviewed)

Profit maximizing firms and inelastic demands
Latham, R., Peel, D. 1975 In: Applied Economics. 7, 3, p. 161-165. 5 p.
Journal article

'A Note on 'X' Inefficiency'
Peel, D. 11/1974 In: The Quarterly Journal of Economics. 88, 4, p. 687-688. 2 p.
Journal article

Adjustment costs and short-run returns to labour
Latham, R., Peel, D. 1974 In: The Review of Economics and Statistics. 40, 3, p. 393-396. 4 p.
Journal article