Professor Simon Price

Honorary Professor of Economics

Department of Economics

E: s.g.price@city.ac.uk or simon.price@bankofengland.co.uk

• BoE homepage
• RePEc entry

Overview

Simon Price is a Senior Advisor at the Bank of England. He is a member of the Euro Area Business Cycle Network (EABCN) steering group, the Money Macro and Finance Research Group committee and an ANU CAMA fellow. His work spans research and policy areas.

Before he joined the Bank in 2000 he had a full time chair at City. He has worked mainly in universities, including posts at Essex University (where he gained his PhD) and Bristol University, but also spent two years at the UK Treasury (HMT). He has worked as a consultant for Oxford Economic Forecasting and NERA. He has published in a variety of policy-related and macroeconomic areas. Examples of his work include papers on aggregate and firm-level investment behaviour, price setting and predictability of asset returns. For several years he worked on elections and voting behaviour, although not since he joined the Bank. Most recently, his research focus has been on forecasting.

Research interests

Macroeconomics, forecasting, macroeconometric modelling, commodity prices.

Publications

Recent journal articles

• Multivariate Methods for Monitoring Structural Change, J Groen, G Kapetanios and S Price Journal of Applied Econometrics, forthcoming.
• Real time evaluation of Bank of England forecasts for inflation and growth, J Groen, G Kapetanios and S Price, International Journal of Forecasting, Vol. 25, pages 74-80, 2009
• Comments on "Mining the past to determine the future: problems and  possibilities" S Price, International Journal of Forecasting, Vol 25, pp 452-455, 2009
• Discussion of House prices, monetary liquidity and the macroeconomy S Price, Oxford Review of Economic Policy, Vol. 34, page 206-9, 2008
• Forecast combination and the Bank of England's suite of statistical forecasting models G Kapetanios, V Labhard and S Price, Economic Modelling,Vol. 25, pages 772-92, 2008
• Forecasting using Bayesian and information theoretic model averaging: an application to UK inflation G Kapetanios, V Labhard and S Price, Journal of Business and Economic Statistics, Vol. 26, pages 33-41, 2008
• The dynamics of aggregate UK consumers' non-durable expenditure, A Blake, E Fernandez-Corugedo and S Price, Economic Modelling, Vol. 24, pages 453-69, 2007
• Forecasting using predictive likelihood model averaging G Kapetanios, V Labhard and S Price, Economic Letters, Vol. 91, pages 373-79, 2007
• Returns to equity, investment and Q: evidence from the UK, S Price and C Schleicher, Manchester School, Vol. 73, pages 32-57, 2005
• UK business investment and the user cost of capital C Ellis and S Price, Manchester School, Vol. 72, pages 72-93, 2004

Other publications

• Comments on 'Determinants of Prices of Agricultural and Mineral Commodities' by Jeffrey Frankel and Andrew Rose in Proceedings: RBA 2009 Conference on 'Inflation in an Era of Relative Price Shocks, S Price, 2010
• Understanding investment better: insights from recent research, U Baumann and S Price, Bank of England Quarterly Bulletin, Vol. 47(2), June 2007
• Inflation and growth: comments on a paper by Vincent Reinhart, S Price, Special Issue of Monetary and Economic Studies, Vol. 22, Proceedings: International Conference 2004, Bank of Japan, 2004

Recent Working Papers

• Multivariate methods for monitoring structural change, J Groen, G Kapetanios and S Price Bank of England Working Paper, no. 369, 2008
• The elasticity of substitution: evidence from a UK firm-level data set S Barnes, S Price and M Sebastia-Barriel Bank of England Working Paper, no. 348, 2008
• Understanding investment better: insights from recent research, U Baumann and S Price Bank of England Quarterly Bulletin, Vol. 47(2), June 2007
• Forecast combination and the Bank of England's suite of statistical forecasting models, G Kapetanios, V Labhard and S Price Bank of England Working Paper, no. 323, 2007
• Returns to equity, investment and Q: evidence from the UK, S Price and C Schleicher Bank of England Working Paper, no. 310, 2006
• Forecasting using Bayesian and information theoretic model averaging: an application to UK inflation, G Kapetanios, V Labhard and S Price Bank of England Working Paper no. 268, 2006
• The dynamics of consumers expenditure: the UK consumption ECM redux, A Blake, E Fernandez-Corugedo and S Price Bank of England Working Paper no. 204, 2003
• UK business investment: long-run elasticities and short-run dynamics, C Ellis and S Price Bank of England Working Paper no. 196, 2003
• Import prices and exchange rate pass-through: theory and evidence from the UK, V Herzberg, G Kapetanios and S Price Bank of England Working Paper no.182, 2003
• The impact of price competitiveness on UK producer price behaviour, C Ellis and S Price Bank of England Working Paper no. 178, 2003
• Financial liberalisation and consumers' expenditure: "FLIB" re-examined, E Fernandez-Corugedo and S Price Bank of England Working Paper no. 157, 2002