I am Senior Economist in the Monetary Assessment & Strategy Division at the Bank of England, lecturer in the Department of Economics at the University of Essex, member of the CfM, and a research associate at CAMA.

Research Interests
Macroeconomics; Monetary Policy; Macroprudential Policy; Banking; Functional data

Contact Information
Monetary Assessment & Strategy Division
Bank of England
Threadneedle St.
London EC2R 8AH


Latest work

Should banks be central to central banking? Optimal monetary policy in the euro area with Lien Laureys and Boromeus Wanengkirtyo. November 2016.

Time consistent monetary and macroprudential policies in a DSGE model with borrowing constraints, with Lien Laureys.

The dynamics of disagreementwith Francesca Monti.


The dynamics of economic functions: Modelling and forecasting the yield curve with Clive G. BowsherJournal of the American Statistical AssociationVol. 103, No. 484, December 2008, 1419-1437.

Do credit market shocks drive output fluctuations? Evidence from corporate spreads and defaultsJournal of Economic Dynamics & ControlVol 36, April 2012, 568-584.

Stationary and Nonstationary Behaviour of the Term Structure: A Nonparametric Characterisation with Clive G. Bowsher.  Applied Mathematical FinanceVol. 20, No. 2, April 2013, 137-166.

Capital regulation and the macroeconomy: Empirical evidence and macroprudential policy. European Economic Review, Forthcoming.

Shadow banks and macroeconomic instability with Ben Nelson and Pier Alessandri. Journal of Money, Credit & Banking, Forthcoming.

Policy publications

Credit crisis casts shadow over commercial real estateFederal Reserve Bank of Dallas Economic Letter Vol.3, No.12, 2008.