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

School of Business and Economics

School staff

Photo of Professor Pentecost, Eric

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

Professor of Economics

Coordinator, Macroeconomics, Money and Finance Research Group

  • Profile
  • Research
  • Featured publications

Module Organiser:

ECA012 : An Introduction to Economics Systems (Semester 1)
ECC035: Monetray Theory & Policy (Semester 1)
ECP152: Monetary Policy (Semester 2)

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


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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