Professor Mai Le

2025

• Chen, H. et al. 2025. UK monetary policy in an estimated dsge model with state-dependent price and wage contracts. Journal of International Money and Finance 157 103390. (10.1016/j.jimonfin.2025.103390)
• 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 101 102142. (10.1016/j.intfin.2025.102142)
• Le, V. P. M. et al. 2025. UK monetary and fiscal policy since the great recession - an evaluation. Applied Economics 57 (48), pp.7809-7837. (10.1080/00036846.2024.2393897)

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)

2023

• Lyu, J. et al., 2023. UK monetary policy in an estimated DSGE model with financial frictions. Journal of International Money and Finance 130 102750. (10.1016/j.jimonfin.2022.102750)

2022

• Le, V. P. M. et al. 2022. Regulatory arbitrage, shadow banking and monetary policy in China. Journal of International Financial Markets, Institutions and Money 80 101640. (10.1016/j.intfin.2022.101640)

2021

• Le, V. P. M. et al. 2021. China’s market economy, shadow banking and the frequency of growth slowdown. Manchester School 89 (5), pp.420-444. (10.1111/manc.12318)
• Le, V. P. M. et al. 2021. Shadow banks, banking policies and China's macroeconomic fluctuations. Journal of International Money and Finance 116 102415. (10.1016/j.jimonfin.2021.102415)
• 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.
• 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 102496. (10.1016/j.jimonfin.2021.102496)
• Lyu, J. et al. 2021. Macroprudential regulation in the post-crisis era: has the pendulum swung too far?. Working paper. Cardiff Economics Working Papers.
• Lyu, J. et al. 2021. Macroprudential regulation in the post-crisis era: has the pendulum swung too far?. Journal of International Financial Markets, Institutions and Money 74 101381. (10.1016/j.intfin.2021.101381)
• Wang, C. et al. 2021. Shadow banking activity and entrusted loans in a DSGE model of China. Manchester School 89 (5), pp.445-469. (10.1111/manc.12319)

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 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. , Meenagh, D. and Minford, A. 2017. Tracing the causes of the banking crisis. Applied Economics (10.1080/00036846.2017.1282145)
• Le, V. P. M. et al. 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)

2016

• Le, V. P. M. et al. 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)
• 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)

2015

• 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)
• Minford, P. et al. 2015. Should Britain leave the EU? An economic analysis of a troubled relationship (2nd edition). United Kingdom: Edward Elgar. (10.4337/9781785360336)

2013

• Le, V. P. M. et al. 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. et al. 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. et al. 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)