Working Papers

NEW VERSION 'The anatomy of small open economy productivity trends',  with Christoph Görtz (University of Birmingham) and Kostas Theodoridis  (Cardiff University) SERPS 2023/15 .

'The anatomy of small open economy trends',  with Christoph Görtz (University of Birmingham) and Kostas Theodoridis  (Cardiff University), CAMA WP 006/2022 .

'Fiscal policy shocks and international spillovers', with Ayobami Ilori (Open University) and Juan Paez-Farrell (Sheffield), CAMA WP 2020-95

Published Papers

'Fiscal policy shocks and international spillovers', European Economic Review, vol.141, (2022),103969, with Ayobami Ilori (Open University) and Juan Paez-Farrell (Sheffield), Open access version, earlier working paper version CAMA WP 2020-95.

'Skilled migration and business cycle dynamics', Journal of Economic Dynamics and Control, vol. 109, (2019), 103781,  with Christie Smith. Open access version, earlier working paper version CAMA WP 2018-20

‘Commodity prices and labour market dynamics in small open economies’, Journal of International Economics, vol. 115, pp. 170 - 184, (2018), with Günes Kamber (IMF) and Martin Bodenstein (Federal Reserve Board). SERPS Working Paper 2016005, CAMA WP 2016-24. Open access version

‘News-driven business cycles in open economies’, Journal of International Economics, vol. 105, pp. 77 - 89, (2017), with Günes Kamber (IMF) and Kostas Theodoridis (Cardiff University). Open access version, see also Sheffield working paper version

‘Financial frictions and the role of investment specific technology shocks in the business cycle’, Economic Modelling, vol. 51, pp. 571-582, (2015), with Gunes Kamber (IMF) and Christie Smith  Open access version.

‘Financial intermediation and the international business cycle’, Journal of Money, Credit and Banking, vol. 45 (SUPPL2), pp. 127-158, (2013), with Günes Kamber. Link to JMCB version, Link to CAMA Working Paper.

‘The financial accelerator and monetary policy rules’, Economics Letters, vol. 115, pp. 309 – 313, (2012), with Günes Kamber. Link to paper, Link to CAMA Working Paper.

‘International business cycles and the relative price of investment goods’, Canadian Journal of Economics, vol. 44(2), pp. 580 – 606, (2011), with Parantap Basu (Durham). Link to paper.

‘Exchange rate dynamics, asset market structure and the role of the trade elasticity’, Macroeconomic Dynamics, vol. 15(1), pp. 119 – 143, (2011). Link to paper.

‘Financial shocks and the US business cycle’, Journal of Monetary Economics, vol. 56, pp. 594-604, (2009), with Charles Nolan. Link to JME version..

‘Consumption and real exchange rates with incomplete financial markets and non-traded goods’. Journal of International Money and Finance, vol. 27, pp. 926-948, (2008), with Gianluca Benigno. Link to paper

‘Labour markets and firm-specific capital in new Keynesian General Equilibrium Models’. Journal of Macroeconomics, vol. 30, pp. 817-843, (2008), with Charles Nolan. Link to paper 

‘Money and monetary policy in DSGE models’, The Manchester School, vol 75, Supplement, pages 88-122, (2007), with Arnab Bhattacharjee. Link to paper.

‘Equilibrium exchange rates and supply side performance’, Economic Journal, vol. 113, no. 486, pp. C103-124, (2003), with Gianluca Benigno. Link to Jstor, and Bank of England WP version.

Edited Volumes

Exchange Rates, Capital Flows and Policy. Edited by R. Driver, P. Sinclair and C. Thoenissen. Routledge, 425 pages. ISBN 0-415-35263-0. London, 2005.

‘Real exchange rates, current accounts and net foreign assets’, in R.L. Driver, P. Sinclair and C. Thoenissen, (eds). Exchange Rates, Capital Flows and Policy, Routledge. 2005.

‘Equilibrium exchange rates and supply side performance’ was reprinted in the volume: Paul A. Samuelson: Critical Assessments of Contemporary Economists, 2nd Series, edited by John Cunningham Wood and Michael McLure, published by Routledge in 2005. ISBN 978-0-415-3