Lecturer (Assistant Professor)

Contact details

School of Economics and Finance

Queen Mary, University of London

Mile End Road

London, E1 4NS

United Kingdom

email: r.sustek@qmul.ac.uk

Research areas

Macroeconomics, housing, monetary economics


  • In 2017 Tatsuro Senga and I started E1Macro workshop in macro theory, hosted annually by Queen Mary, typically in May. Here is a link to the website (link).

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Earlier WP versions of published papers are available here.

Working papers

New research projects

Courses I teach or have taught in the past few years

  • Recursive Methods. First-year PhD course at Queen Mary. Covers the basics of recursive methods: Markov processes, dynamic programming, recursive competitive equilibrium, and promised utility. Discusses the issues of existence, uniqueness and convergence and problems with both continuous and discrete variables. Theoretical concepts are accompanied by computational methods.
  • Business Cycles. Third-year undergraduate course at Queen Mary. Using a two- or three- period OLG models with simple functional forms, the course introduces students to economic dynamics in general equilibrium. Topics covered include monetary equilibria, efficiency, real business cycle theory, housing and the business cycle, government debt sustainability, and basics of bond pricing and yield curve dynamics over the business cycle.
  • Macro and Housing. Second-year PhD macro topics course at London School of Economics. The aim is to get students quickly to the frontier of research on the macroeconomic aspects of housing. The course covers three areas, focusing on the main research questions, tools, data, and some recent papers: i) housing and the business cycle, ii) tenure, mortgage, and portfolio choice, and iii) housing and monetary policy.
  • Monetary Economics. MSc level course at London School of Economics. Starts with a basic RBC model and in a one-thing-at-a-time fashion introduces inflation and the nominal interest rate, commodity prices, taxes, sticky prices, sticky wages, and a banking sector with inside and outside money. Concludes with the basics of dynamic asset pricing theory and models of the term structure of interest rates. The aim is to provide an insight into the equilibrium effects of the various features of typical DSGE models without requiring the students to use any computational methods.