Articles

“Granger Predictability of Oil prices after the Great Recession”, accepted: forthcoming, Journal of International Money and Finance; with Szilard Benk. DOI Link to Elsevier
“Explaining Real Business Cycles with Human Capital Investment”, under revision for submission.
“Nominal Interest Rates and Inflation Rate Inversion: Bank Shocks and the Great Recession”, Tamas Csabafi, Ceri Davies, Max Gillman, Michal Kejak; Revise and Resubmit: Western Economic Association.
“International Business Cycle and Financial Intermediation”, Journal of Money, Banking and Credit, with Tamas Csabafi and Ruthira Naraidoo, 2019: Early View    https://doi.org/10.1111/jmcb.12580
Technical Appendix: International Business Cycle and Financial Intermediation”, Journal of Money, Banking and Credit:
Technical Appendix, Journal of Money, Credit and Banking, 2019.
“The Welfare Cost of Inflation with Banking Time”, The B.E. Journal of Macroeconomics: Advances, 2019: Early View   https://doi.org/10.1515/bejm-2018-0059
Christopher Tsoukis, Frédéric Tournemaine and Max Gillman, 2017, “Hyperbolic discounting and growth without commitment: On the resolution of time inconsistency under continuous time”, Manchester School, Volume 85, Issue S2, December, pages e45–e74.
Gillman, Max , Michal Kejak, and Michal Pakoš, 2015, “Learning about Rare Disasters: Implications For Consumption and Asset Prices”, Review of Finance, 19 (3, May): 1053-1104.
Max Gillman, Michal Kejak, 2014 “Tax Evasion, Human Capital, and Productivity Induced Tax Rate Reduction”, Journal of Human Capital, 8(1, Spring): 42-79.
Parantap Basu, Max Gillman, Joseph Pearlman, 2012, “Inflation, Human Capital and Tobin’s q”, Journal of Economic Dynamics and Control; Volume 36, Issue 7, July, Pages 1057–1074.
Max Gillman and Michal Kejak, 2011, “Inflation, Investment and Growth: a Banking Approach”, Economica, 78 (310: April) 260–282.
Szilard Benk, Max Gillman and Michal Kejak, 2010, “A Banking Explanation of the US Velocity of Money: 1919-2004”, Journal of Economic Dynamics and Control, 34 (4, April): 765–779.
Max Gillman and Mark Harris, 2010, “The Effect of Inflation on Growth: Evidence from a Panel of Transition Countries”, Economics of Transition, Volume 18, Issue 4, pages 697-714, October.
Helmuts Azacis and Max Gillman, 2010, “Flat Tax Reform: The Baltics 2000-2007”, Journal of Macroeconomics, 32 (2, June) pp. 692-708.
Max Gillman, 2010, `Comment on “Price Stability and the Case for Flexible Exchange Rates”‘, Open Economies Review: 21 (February, 1): 17-21.
Max Gillman and Anton Nakov, 2009, “Monetary Effects on Oil and Gold Prices”, North American Journal of Economics and Finance, 20 (December, 3): 239-254.
Max Gillman, 2009, “International Deposit Insurance”, Economic Affairs, 29(3, September): 103-104.
S Benk, M Gillman, and M Kejak, 2008, “Money Velocity in an Endogenous Growth Business Cycle with Credit Shocks”, Journal of Money, Credit, and Banking, Vol. 40, No. 6 (September 2008):1281-1293.
Money Demand in General Equilibrium Endogenous Growth: Estimating the Role of a Variable Interest Elasticity (2007 Quantitative and Qualitative Analysis in Social Sciences)
Money Demand in an EU Accession Country: A VECM Study of Croatia (2006 Bulletin of Economic Research)
Econometric Accounting of the Australian Corporate Tax Rates: A Firm Panel Example (2006 Accounting Research Journal).
CBenk, Szilard, Max Gillman and Michal Kejak, 2005, “Credit Shocks in the Financial Deregulatory Era: Not the Usual Suspects”, Review of Economic Dynamics, Vol 8, No. 3 (July): 668-687.
Gillman, M. and Michal Kejak, 2005, ” Inflation and Balanced-Path Growth with Alternative Payment Mechanisms”, Economic Journal, Vol 115, No. 500 (January): 247-270.
Gillman, Max, and Oleg Yerokhin, 2005, “Ramsey-Friedman Optimality with Banking Time”, BEPress Journals in Macroeconomics, Topics in Macroeconomics, Vol. 5, No. 1, Article 16; http://www.bepress.com/bejm/topics/vol5/iss1/art16.
Gillman, Max, and Michal Kejak, 2005, “Contrasting Models of the Effect of Inflation on Growth”, Journal of Economic Surveys, Vol. 19, No. 1 (February): 113-136.
Benk, Szilard, Max Gillman and Michal Kejak, 2005, “A Comparison of Exchange Economies within a Monetary Business Cycle”, The Manchester School, Vol 73, No. 4 (July): 542-562.
Gillman, Max, Mark Harris, and Laszlo Matyas, 2004, “Inflation and Growth: Explaining the Negative Effect”, Empirical Economics, Vol 29, No. 1, (January): 149-167.
Gillman, Max, and Anton Nakov, 2003, “A Revised Tobin Effect from Inflation: Relative Input Price and Capital Ratio Realignments, US and UK, 1959-1999”, Economica, Vol 70, No. 279 (August): 439-451.
Gillman, Max and Anton Nakov, 2004, “Granger Causality of the Inflation-Growth Mirror in Accession Countries”, Economics of Transition, Vol 12, number 4 (December): 653-682.
A Revised Tobin Effect From Inflation: Relative Input Price and Capital Ratio Realignments, US and UK, 1959 – 1999 (2003 Economica)
Gillman, Max, 2002, “On Keynes’s Theory of the Aggregate Price Level in the Treatise: Any Help for Modern Aggregate Analysis?,” European Journal of the History of Economic Thought, Vol.9, No.3 (September): 430-451.
On The Optimality of Restricting Credit: Inflation-Avoidance and Productivity (2000 Japanese Economic Review).
The Optimality of a Zero Inflation Rate with Menu Costs: Australia (1998 Australian Economic Review).
Extending corporate liability in New Zealand (1998 International Journal of Social Economics).
Money Velocity with Costly Credit (1997 Journal of Economic Research).
Gillman, Max, 1995, “A Comparison of Partial and General Equilibrium Estimates of the Welfare Cost of Inflation”, Contemporary Economic Policy, vol 13, No 4 (October): 60-71.
The development of the corporation in England, with emphasis on limited liability (1995 International Journal of Social Economics).
Gillman, Max, 1993, “The Welfare Costs of Inflation in a Cash in Advance Model with Costly Credit”, Journal of Monetary Economics, vol.31, no.1 (February): 97-116.