G
Garry Young
Researcher at National Institute of Economic and Social Research
Publications - 79
Citations - 1688
Garry Young is an academic researcher from National Institute of Economic and Social Research. The author has contributed to research in topics: Debt & Balance sheet. The author has an hindex of 24, co-authored 78 publications receiving 1607 citations. Previous affiliations of Garry Young include Bank of England.
Papers
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A Merton-Model Approach to Assessing the Default Risk of UK Public Companies
Merxe Tudela,Garry Young +1 more
TL;DR: In this paper, a Merton-model approach is used to develop measures of the probability of failure of individual quoted UK companies and their properties as leading indicators of failure assessed, which are used in probit regressions to evaluate the information content of the Mertonbased estimates relative to information available in company accounts and in assessing Type I and Type II errors.
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Hard Times or Great Expectations? Dividend Omissions and Dividend Cuts by UK Firms
Andrew Benito,Garry Young +1 more
TL;DR: In this paper, an increasing proportion of quoted UK companies omitting cash dividends was uncovered, and there is relatively little evidence to link this to the major tax reform of 1997 that abolished tax refunds on dividend income payable to tax-exempt institutions.
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The impact of unsecured debt on financial pressure among British households
Ana del Río,Garry Young +1 more
TL;DR: This article examined how a self-reported indicator of financial pressure is related to household finances and other characteristics using an ordered-logit model and found that the burden of debt is affected by the unsecured debt-income ratio, mortgage income gearing, financial wealth, health, ethnicity and marital status.
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Business Cycle Volatility, Uncertainty and Long-run Growth
Richard Kneller,Garry Young +1 more
TL;DR: This article investigated whether the empirical relationship between business cycle volatility and long-run growth is positive or negative, using data for 24 OECD economies from 1961 to 1997 and found a significant negative relationship.
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The Determinants of Unsecured Borrowing: Evidence from the British Household Panel Survey
Ana Del-Rio,Garry Young +1 more
TL;DR: In this paper, the authors examined the determinants of participation in the unsecured debt market and the amount borrowed and found that income is the main variable explaining cross-sectional differences in unsecure debts.