Ivan Paya

I am Professor of Economics and head of the economics department at Lancaster University Management School.

My research interests lie in the areas of macroeconomics, finance and time series econometrics. I am currently working on the effects of temporal aggregation, new tests for detecting rational bubbles in asset prices, model selection and linearity testing, forecast evaluation measures with nonlinear models, and the effect of higher-order moments on decision theory within the standard portfolio problem. The areas of my applied work include: exchange rates and its parity conditions, asset prices, EMH, persistence of inflation series, monetary policy rules, and predictive power of the term structure of interest rates on real economic activity.