Phone: +44-(0)131-650-3848

Fax: +44-(0)131-650-4514 URL: http://www.homepages.ed.ac.uk/snella

Education

• University of Hull, 1976-1979 BSc Economics and Econometrics
• University of Warwick, 1979-1982 PhD Econometrics.

Career

• Professor (Personal Chair in Economics), University of Edinburgh (since 2005)
• Reader, Economics, University of Edinburgh (1996-2005)
• Lecturer, Economics, University of Edinburgh (1986-1996)
• Research Officer, Department of Applied Economics, University of Cambridge (1982-1986)

Research Interests

• Applied Econometrics
• Econometric Theory
• Macroeconomics
• The economics and econometrics of financial markets
• Links between labour markets and macroeconomics

Principal Research Grants

• "Manufacturing Export Performance" – ESRC, 1988-1989, with Landesmann.
• "Asymptotic Local Power of Unit Root Tests" - ESRC, 1991, with Pierse.
• "Nonlinear Threshold Error Correction in Panels" - ESRC, 2001-2002, with Shin and Kapetanios.
• "Cohort Effects Within Firms and Their Implications for Labour Market Outcomes and the Business Cycle" - ESRC, 2007-2010, with Thomas, Martins and Holt.

Publications in Refereed Journals (since 1995)

• "Temporal aggregation and the power of tests for a unit root" (with R Pierse), Journal of Econometrics, 1995, Vol. 65, No 2, pp333-346.
• "Determinants of price quote revisions on the London Stock Exchange" (with I Tonks), Economic Journal, 1995, Vol. 105, No 428, pp77-94.
• "A Test of PPP based on the Largest Principal Component of Real Exchange Rates of the main OECD Economies", Economics Letters, 1996, Vol. 51, pp225-231.
• "Fiscal Policy, Public Debt Stabilisation and Politics” (with B.Lockwood and A.Philippopoulos), Economic Journal, 1996,Vol.106 No.437, pp894-912.
• “Testing for Asymmetric Information and Inventory Control Effects in Market Maker Behaviour on the LSE” (with I.Tonks), Journal of Empirical Finance, 1998, Vol. 5, No.1, pp1-26.
• “A test of r versus r-1 Cointegrating Vectors”, Journal of Econometrics, 1999, vol.88, 1, pp151-193.
• “A Theoretical Analysis of Institutional Investors' Trading Costs in Auction and Dealer Markets" (with I. Tonks), Economic Journal, vol 113, 2003, pp576-598.
• “Testing for a Unit Root in the Nonlinear STAR Framework" (with G. Kapetanios and Y. Shin), Journal of Econometrics, 2003, vol 112, pp359-379.
• “What moves OECD real interest rates?” (with J. Driffill), Journal of Money Credit and Banking, 2003.
• “Testing for Cointegration in Nonlinear Smooth Transition Error Correction Models” (with Kapetanios, G. and Y.Shin), Econometric Theory, 2005.
• "Wage Dynamics, Cohort Effects and Limited Commitment Models" (with P. Martins and Thomas, J.), Journal Of the European Economic Association, 2005.
• "Mean Group Tests for Stationarity in Heterogeneous Panels" (with Y.Shin), The Econometrics Journal, 2006.

External Examining

• PhD examinations for QMW, University of London and Heriot Watt University.
• MPhil examiner for University of Exeter
• External examiner for the ESRC (studentship awards) 2002-2004.
• MSc External examiner for Keele University ’s Department of Economics, 2003-06
• MSc External examiner for Birkbeck College’s Department of Economics, 2006-
• Undergraduate external examiner for Economics at the University of York, 2005-2006.

Administrative Duties

• Programme Director of the MSc in Economics, Scottish Graduate Programme in Economics (SGPE)

Journal Refereeing

• Referee for Applied Economics
• Bulletin of Economic Research
• Econometric Reviews
• Econometric theory
• Economic Journal
• Journal of Applied Econometrics
• Journal of Business Economics and Statistics
• Journal of Business Finance and Accounting
• Journal of Econometrics
• Journal of Economic Surveys
• Journal of Empirical Finance
• Journal of Forecasting
• Journal of Industrial Economics
• Journal of Money Credit and Banking
• Journal of Time Series Analysis
• Review of Economic Studies
• Scottish Journal of Political Economy

Updated November 16, 2007