Professor Mai Le

2025

• Le, V. P. M., Meenagh, D. and Minford, P. 2025. Could an economy get stuck on a rational pessimism sunspot path? The case of Japan. Journal of International Financial Markets, Institutions and Money

2024

• Le, V. P. M., Meenagh, D. and Minford, P. 2024. The role of fiscal policy — A survey of recent empirical findings. Open Economies Review 35, pp. 985-998. (10.1007/s11079-024-09759-4)
• Le, V. P. M., Meenagh, D., Minford, P. and Wang, Z. 2024. UK monetary and fiscal policy since the great recession - an evaluation. Applied Economics (10.1080/00036846.2024.2393897)

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)
• 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., 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)
• 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, 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)
• 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., Meenagh, D. and Minford, A. 2021. State-dependent pricing turns money into a two-edged sword. 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

• 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.
• 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)

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)