• "What monetary authorities do - an examination of reaction functions for UK, US, Germany and Japan", 1997, Schweizerische Zeitschrift fur Volkswirtschaft und Statistik, 133, pp.455-476.+
• "Discussion" in Bank for International Settlements Policy Paper No 2, Monetary Policy in the Nordic Countries: Experiences since 1992, 1997, Basle: BIS.
• "Shoe-leather costs reconsidered", 1998, Economic Journal, 108, pp.363-82.+
• "The information content of three month sterling futures", 1998, Economics Letters, 61, pp.209-214.+
• "Utility functions for central bankers - the not so drastic quadratic", 1998, LSE Financial Markets Group Discussion Paper no 308.+
• "Same tune, different words - the reaction functions of the G7 monetary authoritites" in P. Arestis and M. Sawyer (Eds), The Political Economy of Central Banking, 1998, London: Edward Elgar.+
• "Monetary policy, inflation persistence and the term structure of interest rates" in I. Angeloni and R. Rovelli (Eds), Monetary Policy and Interest Rates, 1998, London: Macmillan.+
• "A long view of real interest rates", 1999, Oxford Review of Economic Policy, 15, pp.17-45.+
• "Inflation targets, transparency and interest rate volatility: ditching `monetary mystique' in the UK", 2001, Journal of Macroeconomics, 23, pp.349-366.+
• "Productivity and preferences in a small open economy", 2001, Manchester School, 69, pp.57-80.+
• "Price level versus inflation targeting in a new Keynesian model", 2002, 70, Manchester School, pp.570-95.+
• "Short- and long-run price level uncertainty under different monetary policy regimes: an international comparison", 2002, Oxford Bulletin of Economics and Statistics, 64(3), pp187-216.+
• "Investigating excess returns from nominal bonds", 2003, Oxford Bulletin of Economics and Statistics, 65(1), pp73-90.+
• "Was the Gibson paradox for real? A Wicksellian study of interest rates and prices", 2005, revision for Economica.+
• "Some observations on small-state choice of exchange rate regime", 2002, in M Murshed (Ed), Issues in Positive Political Economy, Routledge.
• "Supply shocks and the natural rate of interest: an exploration", in P J Sinclair (Ed), Bank of England Symposium on the Transmission Mechanism, 2002, Cambridge University Press.+
• "A Long View of the UK Business Cycle", National Institute Economic Review, 2002, 182, pp72-89.+
• "Policy Rules - the Next Steps", Scottish Journal of Political Economy, 2003, 50(5).+
• "Monetary and fiscal interactions in a DSGE framework". Chapter in Dynamic Macroeconomic Analysis.+
• "Output, inflation and the new Keynesian Phillips curve", International Review of Applied Economics, 2004, 18(3), pp271-287.+
• "Monetary Policy Rules, Asset Prices, and Exchange Rates", IMF Staff Papers, 2004, 51(3), pp529-552.+
• "Interest Rate Bounds and Fiscal Policy", Economics Letters, 2004, 84(1), pp9-15.+
• "Optimal Simple Rules for the Conduct of Monetary and Fiscal Policy". Journal of Macroeconomics, 2007, vol. 29(4), pp665-689.+
• "Policy Choices Under Monetary and Fiscal Theories of the Price Level". Forthcoming in the Greek Economic Review.
• "Independence Day for the `Old Lady': A Natural Experiment on the Implications of Central Bank Independence". Manchester School, 2007, vol. 75(3), pp311-327.
• "Macroeconomic Models of the Yield Curve: An Assessment of the Fit". Under revision following editorial comments for the Journal of Economics, Dynamics and Control.
• "Labour Market Search and Monetary Shocks: A Theoretical Consideration". Forthcoming in Unemployment: Past and Present, Arestis and McCombie (Eds).
• "Monetary Policy Analysis: An Undergraduate Toolkit", Forthcoming in Macroeconomic Theory and Macroeconomic Pedagogy, Fontana and Setterfield (Eds).

+ (co-authored)