Professor Mai Le
Professor of Economics
- LeVP@caerdydd.ac.uk
- +44 29208 76566
- Adeilad Aberconwy, Ystafell B22, Rhodfa Colum, Cathays, Caerdydd, CF10 3EU
Trosolwyg
Before joining Cardiff Economics Department in August 2014, Mai held lectureship positions in Economics at the University of Sheffield and Swansea University.
Cyhoeddiad
2023
- Lyu, J., Le, V. P. M., Meenagh, D. and Minford, A. 2023. UK monetary policy in an estimated DSGE model with financial frictions. Journal of International Money and Finance 130, article number: 102750. (10.1016/j.jimonfin.2022.102750)
2022
- Le, V. P. M., Matthews, K., Meenagh, D. and Minford, P. 2022. Regulatory arbitrage, shadow banking and monetary policy in China. Journal of International Financial Markets, Institutions and Money 80, article number: 101640. (10.1016/j.intfin.2022.101640)
2021
- Le, V. P. M., Meenagh, D. and Minford, P. 2021. State-dependent pricing turns money into a two-edged sword: a new role for monetary policy. Journal of International Money and Finance 119, article number: 102496. (10.1016/j.jimonfin.2021.102496)
- Le, V. P. M., Matthews, K., Meenagh, D., Minford, A. and Xiao, Z. 2021. China’s market economy, shadow banking and the frequency of growth slowdown. Manchester School 89(5), pp. 420-444. (10.1111/manc.12318)
- Wang, C., Le, V. P. M., Matthews, K. and Zhou, P. 2021. Shadow banking activity and entrusted loans in a DSGE model of China. Manchester School 89(5), pp. 445-469. (10.1111/manc.12319)
- Le, V. P. M., Matthews, K., Meenagh, D., Minford, P. and Xiao, Z. 2021. Shadow banks, banking policies and China's macroeconomic fluctuations. Journal of International Money and Finance 116, article number: 102415. (10.1016/j.jimonfin.2021.102415)
- Lyu, J., Le, V., Meenagh, D. and Minford, A. 2021. Macroprudential regulation in the post-crisis era: has the pendulum swung too far?. Journal of International Financial Markets, Institutions and Money 74, article number: 101381. (10.1016/j.intfin.2021.101381)
- Le, V. P. M., Meenagh, D. and Minford, A. 2021. State-dependent pricing turns money into a two-edged sword. Working paper. Cardiff Economics Working Papers.
- Lyu, J., Le, V., Meenagh, D. and Minford, A. 2021. Macroprudential regulation in the post-crisis era: has the pendulum swung too far?. Working paper. Cardiff Economics Working Papers.
2020
- Le, V. P. M., Meenagh, D. and Minford, P. 2020. News and why it is not shocking: the role of micro-foundations. Journal of International Financial Markets, Institutions and Money 66, article number: 101199. (10.1016/j.intfin.2020.101199)
2019
- Le, V. P. M., Meenagh, D. and Minford, P. 2019. A long-commodity-cycle model of the world economy over a century and a half — making bricks with little straw. Energy Economics 81, pp. 503-518. (10.1016/j.eneco.2019.04.011)
- le, V. P. M. and Naraidoo, R. 2019. Monetary policy in a model with commodity and financial markets. Working paper. Economic Research Southern Africa and Cardiff University.
2018
- Le, V. P. M., Meenagh, D. and Minford, P. 2018. Financial stability: to regulate or not? A public choice inquiry. Journal of International Financial Markets, Institutions and Money 57, pp. 127-140. (10.1016/j.intfin.2018.07.004)
2017
- Le, V. P. M., Meenagh, D., Minford, A. and Wickens, M. 2017. A Monte Carlo procedure for checking identification in DSGE models. Journal of Economic Dynamics and Control 76, pp. 202-210. (10.1016/j.jedc.2017.01.009)
- Le, V., Meenagh, D. and Minford, A. 2017. Tracing the causes of the banking crisis. Applied Economics (10.1080/00036846.2017.1282145)
2016
- Le, V. P. M., Meenagh, D. and Minford, P. 2016. Monetarism rides again? US monetary policy in a world of quantitative easing. Journal of International Financial Markets, Institutions and Money 44, pp. 85-102. (10.1016/j.intfin.2016.04.011)
- Le, V. P. M., Meenagh, D., Minford, A. P. L., Wickens, M. and Xu, Y. 2016. Testing macro models by indirect inference: a survey for users. Open Economies Review 27(1), pp. 1-38. (10.1007/s11079-015-9377-5)
2015
- Minford, P., Gupta, S., Le, V. P. M., Mahambare, V. and Xu, Y. 2015. Should Britain leave the EU? An economic analysis of a troubled relationship (2nd edition). United Kingdom: Edward Elgar. (10.4337/9781785360336)
- Collie, D. and Le, V. 2015. Product differentiation, the volume of trade and profits under Cournot and Bertrand Duopoly. International Journal of the Economics of Business 22(1), pp. 73-86. (10.1080/13571516.2014.950476)
2013
- Le, V. P. M., Meenagh, D., Minford, A. P. L. and Ou, Z. 2013. What causes banking crises? an empirical investigation for the world economy. Open Economies Review 24(4), pp. 581-611. (10.1007/s11079-013-9274-8)
2011
- Le, V. P. M., Meenagh, D., Minford, A. P. L. and Wickens, M. 2011. How much nominal rigidity is there in the US economy? Testing a new Keynesian DSGE model using indirect inference. Journal of Economic Dynamics and Control 35(12), pp. 2078-2104. (10.1016/j.jedc.2011.08.009)
- Le, V. P. M., Minford, A. P. L. and Nowell, E. 2011. Measuring the extent and costs of EU protectionism. In: Jovanovic, M. N. ed. International handbook on the economics of integration: factor mobility, agriculture, environment and quantitative studies., Vol. 3. Elgar Original Reference Edward Elgar Publishing Ltd, pp. 316-342.
2010
- Collie, D. R. and Le, V. P. M. 2010. Antidumping regulations: anti-competitive and anti-export. Review of International Economics 18(5), pp. 796-806. (10.1111/j.1467-9396.2010.00891.x)
- Le, V. P. M., Minford, A. P. L. and Wickens, M. 2010. The 'Puzzles' methodology: En route to Indirect Inference?. Economic Modelling 27(6), pp. 1417-1428. (10.1016/j.econmod.2010.07.016)
2009
- Le, V. P. M., Meenagh, D., Minford, A. P. L. and Wickens, M. 2009. Two orthogonal continents? Testing a two-country DSGE model of the US and the EU using indirect inference. Open Economies Review 21(1), pp. 23-44. (10.1007/s11079-009-9141-9)
- Vo Phuong, M. L., Minford, A. P. L. and Nowell, E. 2009. European economic policy: protectionism as an elite strategy. In: Gamble, A. and Lane, D. eds. The European Union and World Politics: Consensus and Division. Palgrave Macmillan, pp. 217-234.
2008
- Collie, D. R. and Le, V. P. M. 2008. Anti-dumping regulations: anti-competitive and anti-export. Working paper. Cardiff: Cardiff University.
2006
- Le, V. P. M. and Minford, A. P. L. 2006. Joining the European Monetary Union - Comparing First and Second Generation Open Economy Models. Open Economies Review 17(3), pp. 281-296. (10.1007/s11079-006-9050-0)
Articles
- Lyu, J., Le, V. P. M., Meenagh, D. and Minford, A. 2023. UK monetary policy in an estimated DSGE model with financial frictions. Journal of International Money and Finance 130, article number: 102750. (10.1016/j.jimonfin.2022.102750)
- Le, V. P. M., Matthews, K., Meenagh, D. and Minford, P. 2022. Regulatory arbitrage, shadow banking and monetary policy in China. Journal of International Financial Markets, Institutions and Money 80, article number: 101640. (10.1016/j.intfin.2022.101640)
- Le, V. P. M., Meenagh, D. and Minford, P. 2021. State-dependent pricing turns money into a two-edged sword: a new role for monetary policy. Journal of International Money and Finance 119, article number: 102496. (10.1016/j.jimonfin.2021.102496)
- Le, V. P. M., Matthews, K., Meenagh, D., Minford, A. and Xiao, Z. 2021. China’s market economy, shadow banking and the frequency of growth slowdown. Manchester School 89(5), pp. 420-444. (10.1111/manc.12318)
- Wang, C., Le, V. P. M., Matthews, K. and Zhou, P. 2021. Shadow banking activity and entrusted loans in a DSGE model of China. Manchester School 89(5), pp. 445-469. (10.1111/manc.12319)
- Le, V. P. M., Matthews, K., Meenagh, D., Minford, P. and Xiao, Z. 2021. Shadow banks, banking policies and China's macroeconomic fluctuations. Journal of International Money and Finance 116, article number: 102415. (10.1016/j.jimonfin.2021.102415)
- Lyu, J., Le, V., Meenagh, D. and Minford, A. 2021. Macroprudential regulation in the post-crisis era: has the pendulum swung too far?. Journal of International Financial Markets, Institutions and Money 74, article number: 101381. (10.1016/j.intfin.2021.101381)
- Le, V. P. M., Meenagh, D. and Minford, P. 2020. News and why it is not shocking: the role of micro-foundations. Journal of International Financial Markets, Institutions and Money 66, article number: 101199. (10.1016/j.intfin.2020.101199)
- Le, V. P. M., Meenagh, D. and Minford, P. 2019. A long-commodity-cycle model of the world economy over a century and a half — making bricks with little straw. Energy Economics 81, pp. 503-518. (10.1016/j.eneco.2019.04.011)
- Le, V. P. M., Meenagh, D. and Minford, P. 2018. Financial stability: to regulate or not? A public choice inquiry. Journal of International Financial Markets, Institutions and Money 57, pp. 127-140. (10.1016/j.intfin.2018.07.004)
- Le, V. P. M., Meenagh, D., Minford, A. and Wickens, M. 2017. A Monte Carlo procedure for checking identification in DSGE models. Journal of Economic Dynamics and Control 76, pp. 202-210. (10.1016/j.jedc.2017.01.009)
- Le, V., Meenagh, D. and Minford, A. 2017. Tracing the causes of the banking crisis. Applied Economics (10.1080/00036846.2017.1282145)
- Le, V. P. M., Meenagh, D. and Minford, P. 2016. Monetarism rides again? US monetary policy in a world of quantitative easing. Journal of International Financial Markets, Institutions and Money 44, pp. 85-102. (10.1016/j.intfin.2016.04.011)
- Le, V. P. M., Meenagh, D., Minford, A. P. L., Wickens, M. and Xu, Y. 2016. Testing macro models by indirect inference: a survey for users. Open Economies Review 27(1), pp. 1-38. (10.1007/s11079-015-9377-5)
- Collie, D. and Le, V. 2015. Product differentiation, the volume of trade and profits under Cournot and Bertrand Duopoly. International Journal of the Economics of Business 22(1), pp. 73-86. (10.1080/13571516.2014.950476)
- Le, V. P. M., Meenagh, D., Minford, A. P. L. and Ou, Z. 2013. What causes banking crises? an empirical investigation for the world economy. Open Economies Review 24(4), pp. 581-611. (10.1007/s11079-013-9274-8)
- Le, V. P. M., Meenagh, D., Minford, A. P. L. and Wickens, M. 2011. How much nominal rigidity is there in the US economy? Testing a new Keynesian DSGE model using indirect inference. Journal of Economic Dynamics and Control 35(12), pp. 2078-2104. (10.1016/j.jedc.2011.08.009)
- Collie, D. R. and Le, V. P. M. 2010. Antidumping regulations: anti-competitive and anti-export. Review of International Economics 18(5), pp. 796-806. (10.1111/j.1467-9396.2010.00891.x)
- Le, V. P. M., Minford, A. P. L. and Wickens, M. 2010. The 'Puzzles' methodology: En route to Indirect Inference?. Economic Modelling 27(6), pp. 1417-1428. (10.1016/j.econmod.2010.07.016)
- Le, V. P. M., Meenagh, D., Minford, A. P. L. and Wickens, M. 2009. Two orthogonal continents? Testing a two-country DSGE model of the US and the EU using indirect inference. Open Economies Review 21(1), pp. 23-44. (10.1007/s11079-009-9141-9)
- Le, V. P. M. and Minford, A. P. L. 2006. Joining the European Monetary Union - Comparing First and Second Generation Open Economy Models. Open Economies Review 17(3), pp. 281-296. (10.1007/s11079-006-9050-0)
Book sections
- Le, V. P. M., Minford, A. P. L. and Nowell, E. 2011. Measuring the extent and costs of EU protectionism. In: Jovanovic, M. N. ed. International handbook on the economics of integration: factor mobility, agriculture, environment and quantitative studies., Vol. 3. Elgar Original Reference Edward Elgar Publishing Ltd, pp. 316-342.
- Vo Phuong, M. L., Minford, A. P. L. and Nowell, E. 2009. European economic policy: protectionism as an elite strategy. In: Gamble, A. and Lane, D. eds. The European Union and World Politics: Consensus and Division. Palgrave Macmillan, pp. 217-234.
Books
- Minford, P., Gupta, S., Le, V. P. M., Mahambare, V. and Xu, Y. 2015. Should Britain leave the EU? An economic analysis of a troubled relationship (2nd edition). United Kingdom: Edward Elgar. (10.4337/9781785360336)
Monographs
- Le, V. P. M., Meenagh, D. and Minford, A. 2021. State-dependent pricing turns money into a two-edged sword. Working paper. Cardiff Economics Working Papers.
- Lyu, J., Le, V., Meenagh, D. and Minford, A. 2021. Macroprudential regulation in the post-crisis era: has the pendulum swung too far?. Working paper. Cardiff Economics Working Papers.
- le, V. P. M. and Naraidoo, R. 2019. Monetary policy in a model with commodity and financial markets. Working paper. Economic Research Southern Africa and Cardiff University.
- Collie, D. R. and Le, V. P. M. 2008. Anti-dumping regulations: anti-competitive and anti-export. Working paper. Cardiff: Cardiff University.
Ymchwil
Primary research interests
- Applied Macroeconomics
- Modelling and Testing Macroeconomic Models
- Monetary Policy and Financial Frictions
- International Trade
Addysgu
Teaching commitments
- Macroeconomic Theory (Year 2)
- Money Banking and Finance (Year 2)
- International Trade (MSc)
- Advanced Macroeconomics (PhD)
Bywgraffiad
Qualifications
- Phd Economics (Cardiff University) 2008
- MSc Economics (Cardiff University) with distinction 2004
- BSc Economics (Cardiff University) with 1st Class honours 2003
Anrhydeddau a dyfarniadau
- Full Julian Hodge PhD Scholarship 2003-2005
- Cardiff Business School Scholarship 2005-2008
- Economic and Social Research Council (ESRC) Post Doctoral Research Fellowship 2008-2010
- Japan Society for the Promotion of Science, Summer Visiting Research Fellowship 2010