Loughborough University
Leicestershire, UK
LE11 3TU
+44 (0)1509 263171
Loughborough University

School of Business and Economics

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Photo of Professor Pentecost, Eric

Professor Eric J Pentecost BA (CNAA), MA (Warwick), PhD (London)

Professor of Economics

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Research Interests:

Open economy macroeconomics in both developed, transition and developing economies; currency substitution and capital flows; exchange rate modelling and policy, financial repression and liberalisation

Chair of CHUDE and member of the Royal Economic Society (RES) Executive Committee.


Identifying aggregate supply and demand shocks in small open economies: empirical evidence from African countries (with A.H. Ahmad), International Review of Economics and Finance, Vol. 21, 2012, pp. 272-291. DOI:10.1016/j.iref.2011.08.004.

Exchange rate regime verification: An alternative method of testing for regime change (with A.H. Ahmad and D.I. Harvey) Economics Letters, Vol.113, 2011, pp. 96-98. DOI:10.1016/j.econlet.2011.05.050

A nested logit approach to modelling the location of foreign direct investment in the Central and Eastern European States (with S. Rasciute) Economic Modelling, Vol. 27, No. 1, 2010, pp. 32-39.
The sources of real exchange rate fluctuations: empirical evidence from African countries (with A.H. Ahmad), The Manchester School, Supplement, August 2009, pp. 66-84.

"An Investigation into the Sources of Fluctuations in Real and Nominal Usage Rates in eight EU countries: A Structural VAR Approach" (with T. Moore), 2006, The Journal of Comparative Economics, Vol.34, No.2, pp.357-376, June

"Financial Liberalisation in India and a New Test of the Complementarity Hypothesis" (with T. Moore), 2006, Economic Development and Cultural Change, pp.487-502January

Macroeconomics in Crisis: Three Crises or One? In G. Erreygers & M. Vermiere (eds.)Macroeconomics and Beyond: Essays in Honour of Wim Meeusen. Antwerp: Garant, 2012, Ch. 2, pp. 26-37. ISBN 978-90-441-2855-0


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