Professor Andrew Hughes Hallett

Andrew Hughes Hallett is Professor of Economics and Public Policy at George Mason University in the US, and at the University of St Andrews in Scotland. From 2001 to 2006, he was Professor of Economics at Vanderbilt University and before that at the University of Strathclyde in Scotland. He is a graduate of the University of Warwick (UK), holds a Doctorate from Oxford University, and was Visiting Professor in the Economics Department at Princeton University (1992-4), Bundesbank Professor at the Free University of Berlin (2005), and has been visiting Professor at the Universities of Frankfurt, Rome, and Paris X. He is currently a Research Fellow in the Centre for Economic Policy Research in London; a Fellow of the Royal Society of Edinburgh; joint editor of the Scottish Journal of Political Economy; correspondent for the American Mathematical Society; and a member of the Council of Economic Advisors to the Government of Scotland.

His research interests are in the fields of international economic policy, the political economy of monetary integration, the theory of economic policy. In these areas he has published 260 papers in leading academic journals and books, plus 8 books and 16 government or agency reports, and has given expert evidence to select committees of the Houses of Parliament. He has also acted as consultant to the World Bank, the IMF, the Federal Reserve, and to the UN, the European Commission, and to various governments and a number of central banks.

Recent Publications and Presentations

Coordination without Explicit Cooperation: Monetary-Fiscal Interactions in an Era of Demographic Change

Andrew Hughes Hallett, George Mason University, University of St Andrews and CEPR

The Impact of Tax and Market Distortions on the Phillips Curve and the Natural Rate of Unemployment

Nikola Bokan, University of St Andrews, Andrew Hughes Hallett, George Mason University, University of St Andrews and CEPR

The Impact of Exchange Rate Uncertainty on Investment

Economic Journal, 1999, 109, c55-67.

International Policy Coordination when Policy Makers Do not Agree on the True Model

American Economic Review, 1992, 82, 1043-51.

Target Zones and International Policy Coordination: the Contrast between the Necessary and Sufficient Conditions for Success

European Economic Review 1992, Vol. 36, p 893.

A Central Bank for All Seasons? The Lower Inflation at No Cost Proposition Under Political Uncertainty

Macroeconomic Dynamics, 2004, 8, 207-25.

East Germany, West Germany and their Mezzogiorno Problem

Economic Journal, 1993, 103, 416-28.

An Independent Central Bank Faced by Elected Governments

European Journal of Political Economy, 2004, 20, 907-22.

The European Economy at the Cross Roads: Structural Reforms, Fiscal Constraints, and the Lisbon Agenda

Research in International Business and Finance, 2005, 19, 229-50.

Independent Monetary Policies and Social Equity

Economics Letters, 2004, 85,103-110.

Debt, Deficits and the Entry of the New Accession Countries into the Euro

European Journal of Political Economy, 2007, 23, 316-337.

Heterogeneity in a Currency Union with Social Market Objectives

Scottish Journal of Political Economy, 2006, 53, 129-52.

Fiscal Consolidation in Europe: Quality, Durability and Composition

Journal of Japanese and International Economics, 2002, 16, 512-35 (with J von Hagen and R Strauch).

Fiscal Leadership and Central Bank Design

Canadian Journal of Economics, 2007, 40, 607-627 (with D Weymark)

Central Bank Transparency in Theory and Practice

Journal of Macroeconomics, 2007, 29, 760-789 (with M Demertzis)

European Fiscal Discipline before and after EMU: Crash Diet or Permanent Weight Loss?

Macroeconomic Dynamics, 2008, 12, 404-424 (with John Lewis)

Stability and Growth in Europe: Towards a Better Pact

For the CEPR, London, in their series Monitoring European Integration
November 2003.

Fiscal Policy in Europe 1991-2003: An Evidence Based Analysis

A CEPR report on the progress towards more disciplined fiscal policies in Europe
May 2004.

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