Professor David Peel
Director, Professor
Economics
The Management SchoolLancaster University
Bailrigg
Lancaster
LA1 4YX
Other affiliations: Lancaster Centre for Forecasting, Gulf One Lancaster Centre for Economic Research
Current Teaching
Undergraduate: ECON 202, ECON203
Postgraduate (MSc): ECON 400
Qualifications
BA Warwick University
Profile
David Peel is a Professor in Economics. He was educated at University of Warwick. He has held previous posts at the University of Liverpool, Aberystwyth and University of Cardiff. Professor Peel has published widely on empirical and theoretical issues in macroeconomics and the economics of gambling markets.
He has published pioneering papers in the application of nonlinear –ESTAR models to purchasing power parity deviations, the political theory of the business cycle, uncertainty and football attendance , central banks with asymmetric preferences and political popularity series modelled as fractional processes.
He is currently working on speculative bubbles, purchasing power parity, forecast evaluation, the implications of different specifications of utility functions for the favourite –longshot bias observed in some gambling markets. Applications of the wild bootstrap. Professor Peel is a member of the editorial boards of Journal Of Forecasting, Applied Economics, Applied Financial Economics,Applied Economics Letters, Journal Of Business Finance cand Accounting, Singapore Journal Of Economics. Outside work David is married with two children and his leisure interests include sport, chess and movies.
Research Interests
Modelling of macroeconomic relationships particularly applications of non-linear time series to macroeconomic time series such as purchasing power parity, inflation.
Economics of independent central banks. Political theory of business cycle-voting behaviour. Economics of gambling markets.
Recent publications
- Nonlinear dynamics in economics & finance and unit root testing.
Pavlidis, E., Paya, I., Peel, D. & Siriopoulos, C. 2013 In: European Journal of Finance.
Journal article - Higher-order moments in the theory of diversification and portfolio composition
Niguez, T., Paya, I., Peel, D. & Perote, J. 2013 The Department of Economics, (Economics Working Paper Series), 26 p.
Working paper - An example of an optimal forecast exhibiting decreasing bias with increasing forecast horizon
Aretz, K. & Peel, D. 2013 In: Bulletin of Economic Research.
Journal article - A New Test for Rational Speculative Bubbles using Forward Exchange Rates: The Case of the Interwar German Hyperinflation
Pavlidis, E., Paya, I. & Peel, D. 7/09/2012 Lancaster : The Department of Economics, (Economics Working Paper Series), 26 p.
Working paper - Forecast evaluation of nonlinear models: the case of long-span real exchange rates
Pavlidis, E., Paya, I. & Peel, D. 2012 In: Journal of Forecasting. 31, 7, p. 580-595. 16 p.
Journal article
