Publications
Journal Publications
Are Tax Cuts Contractionary at the Zero Lower Bound? Evidence from a Century of Data
James Cloyne, Patrick Hürtgen, Nicholas Dimsdale
Journal of Political Economy Volume 133:2, 568-603
2025
Who Gains from Corporate Tax Cuts?
James Cloyne, Ezgi Kurt, Paolo Surico
Journal of Monetary Economics Volume 149, January, 103722
2025
Taxes and Growth: New Narrative Evidence from Interwar Britain
James Cloyne, Natacha Postel-Vinay, Nicholas Dimsdale
Review of Economic Studies, Volume 91(4), 388-423
2024
Monetary Policy, Corporate Finance, and Investment
James Cloyne, Paolo Surico, Clodomiro Ferreira, Maren Froemel
Journal of the European Economic Association, Volume 21(6), 2586-2634
2023
Do Tax Increases Tame Inflation?
James Cloyne, Joseba Martinez, Haroon Mumtaz, Paolo Surico
American Economic Association Papers and Proceedings, Volume 113, 377-381
2023
Special Issue on the 50th Anniversary of IFS
James Banks, James Cloyne, Monica Costa Dias, Matthias Parey, James Ziliak
Fiscal Studies Volume 40(4), 445-449
2021
The COVID-19 Economic Crisis
Abi Adams-Prassl, James Cloyne, Monica Costa Dias, Matthias Parey, James P. Ziliak
Fiscal Studies Volume 41(3), 489-492
2020
COVID-19 and the Economy
James Cloyne, Monica Costa Dias, Matthias Parey, James P. Ziliak
Fiscal Studies Volume 41(2), 257-258
2020
Firms' Price, Cost and Activity Expectations: Evidence from Micro Data
James Cloyne, Lena Boneva, Martin Weale, Tomasz Wieladek
Economic Journal, Volume 130(627), 555-586
2020
Estimating the Elasticity of Intertemporal Substitution Using Mortgage Notches
James Cloyne, Michael Best, Ethan Ilzetzki, Henrik Kleven
Review of Economic Studies, Volume 87(2), 656-690
2020
Monetary Policy when Households Have Debt: New Evidence on the Transmission Mechanism
James Cloyne, Clodomiro Ferreira, Paolo Surico
Review of Economic Studies, Volume 87(1), 102-129
2020
The Effect of House Prices on Household Borrowing: A New Approach
James Cloyne, Kilian Huber, Ethan Ilzetzki, Henrik Kleven
American Economic Review, Volume 109(6), 2104-2136
2019
Household Debt and the Dynamic Effects of Income Tax Changes
James Cloyne, Paolo Surico
Review of Economic Studies, Volume 84(1), 45-81
2017
The Macroeconomic Effects of Monetary Policy: A New Measure for the United Kingdom
James Cloyne, Patrick Hürtgen
American Economic Journal: Macroeconomics, Volume 8(4), 75-102
2016
The Effect of Unconventional Monetary Policy on Inflation Expectations: Evidence from Firms in the UK
James Cloyne, Lena Boneva, Martin Weale, Tomasz Wieladek
International Journal of Central Banking, Volume 12(3), 161-195
2016
An Empirical Sectoral Model of Unconventional Monetary Policy: The Impact of QE
James Cloyne, Ryland Thomas, Alex Tuckett, Samuel Wills
The Manchester School, Volume 83(S1), 51-82
2015
Discretionary Tax Changes and the Macroeconomy: New Narrative Evidence from the United Kingdom
James Cloyne
American Economic Review, Volume 103(4), 1507-1528
2013
Working Papers
Asset Prices and Credit with Diagnostic Expectations
me, Òscar Jordà, Sanjay R. Singh, Alan M. Taylor
Federal Reserve Bank of San Francisco Working Paper 2025-15
2025
Monetary and Financial Spillovers: New Historical Evidence from Germany
James Cloyne, Patrick Hürtgen, Alan M. Taylor
NBER Working Paper 30485
2025
Short-Term Tax Cuts, Long-Term Stimulus
James Cloyne, Joseba Martinez, Haroon Mumtaz, Paolo Surico
NBER Working Paper 30246
2025
State-Dependent Local Projections: Understanding Impulse Response Heterogeneity
James Cloyne, Òscar Jordà, Alan M. Taylor
NBER Working Paper 30971
2023