Publications

Refereed Publications

Regulatory Arbitrage and Economic Stability, with Uluc Aysun, Journal of International Money and Finance, forthcoming.

State Dependence of Monetary Policy across Business, Credit and Interest Rate Cycles, with Eleonora Granziera and Sarah Zubairy, European Economic Review, 2021, 140, 103936.

Regime-Switching Productivity Growth and Bayesian Learning in Real Business Cycles, Macroeconomic Dynamics, 2021, 25, 462-488.

International Spillovers of Large-Scale Asset Purchases, with Serdar Kabaca, Journal of European Economic Association, 2020, 18, 342-391. (Online Appendix)

Household Debt Overhang and Transmission of Monetary Policy, with Sarah Zubairy, Journal of Money, Credit and Banking, 2019, 51, 1265-1307. (Online Appendix)

A Policy Model to Analyze Macroprudential Regulations and Monetary Policy, with Gino Cateau and Cesaire Meh, Canadian Journal of Economics, 2018, 51, 828-863.

Addressing Household Indebtedness: Monetary, Fiscal and Macroprudential Policy?, with Sarah Zubairy, European Economic Review, 2017, 92, 47-73.

Housing and Tax Policy, with Sarah Zubairy, Journal of Money, Credit and Banking, 2016, 48, 485-512. (Online Appendix) (Corrigendum)

International Transmission of Financial Shocks in an Estimated DSGE Model, with Uluc Aysun, Journal of International Money and Finance, 2014, 47, 21-55.

The Impact of Central Bank Independence on the Performance of Inflation Targeting Regimes, with Adam Honig, Journal of International Money and Finance, 2014, 44, 118-135.

Identifying the Role of Risk Shocks in the Business Cycle Using Stock Price Data, Economic Inquiry, 2013, 51, 304-335. (Online Appendix)

Global Banking and the Balance Sheet Channel of Monetary Transmission, with Uluc Aysun, International Journal of Central Banking, 2012, 8, 141-175.

Taxation, Collateral Use of Land and Japanese Asset Prices, Empirical Economics, 2012, 43, 819-850.

Forecasting Performance of an Estimated DSGE Model for the South African Economy, with Kevin Kotze and Geoffrey Woglom, South African Journal of Economics, 2011, 79, 50-67.

Oil Crisis, Energy-Saving Technological Change and the Stock Market Crash of 1973-74, with Adrian Peralta-Alva, Review of Economic Dynamics, 2010, 13, 824-842.

Political Monetary Cycles and a de facto Ranking of Central Bank Independence, with Adam Honig, Journal of International Money and Finance, 2010, 29, 1003-1023.

The Role of the Exchange Rate in a New Keynesian DSGE Model for the South African Economy, with Kevin Kotze and Geoffrey Woglom, South African Journal of Economics, 2010, 78, 170-192.

The Impact of Central Bank Independence on Political Monetary Cycles in Advanced and Developing Nations, with Adam Honig, Journal of Money, Credit and Banking, 2009, 41, 1365-1389.

Other Publications

Extending the Textbook Dynamic AD-AS Framework with Flexible Inflation Expectations, Optimal Policy Response to Demand Changes, and the Zero-Bound on the Nominal Interest Rate, with Adam Honig and Geoffrey Woglom, Modern Economy, 2013, 4, 145-160. (Excel workbook)