Real Effects of Financial Shocks

Asset Market Hangovers and Economic Growth: The OECD during 1984-1993. Oxford Review of Economic Policy 13(3):
110-134 (1997). Joint work with Matthew Higgins.
- An early discussion of the effects of financial markets on the real economy. Bursting house-price bubbles adversely affect housing investment across US states.

Asset Market Hangovers and Economic Growth: U.S. Housing Markets. In The Role of Asset Prices in the Formulation of Monetary Policy, BIS Conference Papers Vol. 5 (Bank for International Settlements, Basle: 1998). Joint work with Matthew Higgins.
- An early discussion of the effects of financial markets on the real economy. Bursting asset-price bubbles adversely effected gross fixed capital investment across the OECD.

Greece Illustrates the Importance of Staying Within Economic Limits. European Politics and Policy (2015)

Reading Between the Lines of Greece’s Bailout: Debt Relief is Inevitable – Just Not Yet. The Conversation (2015):