Research

Research since 2008
  • A general theory of austerity (paper)
  • The Knowledge Transmission Mechanism and Austerity (paper)
  • Saltwater vs Freshwater: A small survey of postgraduate macro courses, with Moreira (paper)
  • The Eurozone's Flaws are not Intrinsic (article)
  • Unravelling the New Classical Counter Revolution (article)
  • Fiscal Sustainability in a New Keynesian model, with Leith (article)
  • Macroeconomic stabilisation in the Eurozone: Lessons from failure (article, blog post)
  • Aggregate fiscal policy under the Labour government, 1997–2010 (article, blog posts: 1, 2, 3, 4)
  • Optimal Fiscal Feedback in an economy with Nominal Rigidities, with Kirsanova (article, working paper, discussion, blog post)
  • Internal consistency, price rigidity and the microfoundations of macroeconomics (article, working paper, discussion)
  • Lessons from failure: Fiscal Policy, indulgence and ideology (article, discussion)
  • Debt Stabilisation in a Non-Ricardian Economy, with Leith and Moldovan (working paper, discussion)
  • Comparing the Delegation of Monetary and Fiscal Policy (working paper, discussion)
  • What Should Fiscal Councils Do? with Lars Calmfors (article, discussion)
  • Discretionary Policy in a Monetary Union with Sovereign Debt, with Leith (article, discussion)
  • Macroeconomic Policy in the light of the Credit Crunch (article, discussion)
  • Monetary and Fiscal Policy Interaction: The Current Consensus Assignment in the Light of Recent Developments (article, earlier version, discussion)
  • The possible macroeconomic impact on the UK of an influenza pandemic, with Keogh-Brown, Edmunds, Beutels and Smith (article, working paper, discussion)
  • When is Monetary Policy all we need? with Eser and Leith (working paper, discussion)
  • Inflation Bias with Dynamic Phillips Curves and Impatient Policy Makers, with Kirsanova and Vines (article, discussion)
  • Taylor Rules in an Open Economy, with Leith (article, discussion)
  • Optimal Debt Policy, and an Institutional Proposal to help in its Implementation, with Kirsanova and Leith (article, earlier version, discussion)