Publications in refereed journals
"(Re)Evaluating recent macroeconomic policy in the US" (2025), with Campbell Leith, Celsa Machado and Ana Paula Ribeiro, European Economic Review, 178, 105091, doi: 10.1016/j.euroecorev.2025.105091
"Multiple Equilibria in the Absence of Commitment" (2025) with Andy Blake, Richard Dennis and Tony Yates, Oxford Review of Economic Policy, Forthcoming. doi: 10.1093/oxrep/graf022
"Policy Biases in a Model with Labour Market Frictions" (2025), with Richard Dennis, Journal of Money, Credit and Banking, Forthcoming.
"Distributional Effects of Endogenous Discounting" (2023), with Nigar Hashimzade and Oleg Kirsanov, Mathematical Social Sciences, 122, 1-6. doi: 10.1016/j.mathsocsci.2023.01.003
"Deep recessions" (2021), with Charles Nolan and Maryam Shafiei, Economic Modelling, 96, 310-323. doi: 10.1016/j.econmod.2020.03.026
"Equilibrium Coordination With Discretionary Policy Making" (2018), with Richard Dennis, Economic Journal, 128 (609), 710-727, doi: 10.1111/ecoj.12407
"Discretionary Policy in a Small Open Economy: Exchange Rate Regimes and Multiple Equilibria" (2018), with Christoph Himmels, Journal of Macroeconomics, 56, 53-64, doi: 10.1016/j.jmacro.2018.01.001
"Should the ECB coordinate EMU fiscal policies?" (2018), with Celsa Machado and Ana Paula Ribeiro, International Journal of Central Banking, 14 (3), 237-280
"How optimal is US monetary policy?" (2017) with Xiaoshan Chen and Campbell Leith, Journal of Monetary Economics, 92, 96-111, doi: 10.1016/j.jmoneco.2017.09.009
"An empirical assessment of optimal monetary policy in the Euro Area" (2017), with Xiaoshan Chen and Campbell Leith, European Economic Review, 100, 95-115, doi: 10.1016/j.euroecorev.2017.07.012
"Nominal Targeting in an Economy with Government Debt" (2017), with Yuting Bai and Campbell Leith, European Economic Review, 94, 103-125, doi: 10.1016/j.euroecorev.2017.02.011
"Computing Markov-Perfect Optimal Policies in Business-Cycle Models" (2016), with Richard Dennis, Macroeconomic Dynamics, 20(7), 1850-1872, doi: 10.1017/S1365100515000176
"Commitment vs. Discretion in the UK: An Empirical Investigation of Monetary and Fiscal Policy Regime" (2013), with Stephanus Le Roux, International Journal of Central Banking, 9(4), 99-151
"Escaping Expectation Traps: How Much Commitment is Required?" (2013), with Christoph Himmels, Journal of Economic Dynamics and Control, 37(3), 649-665, doi: 10.1016/j.jedc.2012.10.009
"Discretionary Policy and Multiple Equilibria in LQ RE Models" (2012), with Andy Blake, Review of Economic Studies, 79, 1309-1339, doi: 10.1093/restud/rds002
"Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities" (2012), with Simon Wren-Lewis, Economic Journal. Online Appendix, 122 (559), 238-264, doi: 10.1111/j.1468-0297.2011.02458.x
"Inflation Conservatism and Monetary-Fiscal Policy Interactions" (2011), with Andy Blake, International Journal of Central Banking, 7(2), 41-83.
"Strategic Monetary and Fiscal Policy Interactions: An Empirical Investigation (2010), with Matteo Fragetta, European Economic Review, 54(7), 855-879, doi: 10.1016/j.euroecorev.2010.02.003
"Monetary and fiscal policy interaction: the current consensus assignment in the light of recent developments" (2009), with Campbell Leith and Simon Wren-Lewis, Economic Journal, 119 (541) pp. F482-F496, doi: 10.1111/j.1468-0297.2009.02317.x
"Inflation Bias with Dynamic Phillips Curves and Impatient Policy Makers" (2009), with David Vines and Simon Wren-Lewis, The B.E. Journal of Macroeconomics, Vol. 9: Iss.1 (Topics), Article 32, doi: 10.2202/1935-1690.173
"A Comparison of National Saving Rates in the UK, US and Italy" (2007) with James Sefton, European Economic Review, 51(8), 1998-2028, doi:10.1016/j.euroecorev.2007.01.005
"Optimal Fiscal Policy Rules in a Monetary Union" (2007) with Mathan Satchi, David Vines and Simon Wren-Lewis, Journal of Money, Credit and Banking, 39(7), 1759-1784, doi: 0.1111/j.1538-4616.2007.00086.x
"Should Central Banks Target Consumer Prices or the Exchange Rate?" (2006), with Campbell Leith and Simon Wren-Lewis, Economic Journal, 116 (512), F208-F231, doi: 10.1111/j.1468-0297.2006.01097.x
"The Interactions Between Fiscal Policy and Monetary Policy" (2005) with Jari Stehn and David Vines, Oxford Review of Economic Policy, 21(4), 532-56, doi: 10.1093/oxrep/gri031
"A Note on Timeless Perspective Policy Design" (2004) with Andy Blake, Economic Letters, 85(1), 9-16, doi: 10.1016/j.econlet.2004.03.009
Policy Papers
"Optimal Debt Policy, and an Institutional Proposal to help in its Implementation" (2006), with Campbell Leith and Simon Wren-Lewis; published in 'The role of fiscal rules and institutions in shaping budgetary outcomes', J.Ayuso-i-Casals, S.Deroose, E.Flores and L.Moulin eds. pp. 269-296, Palgrave Macmillan 2009, Brussels, ISBN: 978-92-79-04628-5 ISSN: 1016-1060
Education Papers
"Integrating Programming into the Modern Undergraduate Economics Curriculum" (2025), with Nigar Hashimzade and Oleg Kirsanov, International Review of Economics Education, 49, 100310.
Working Papers
"Central Bank Independence, Government Debt and the Re-Normalization of Interest Rates" (2024) with Campbell Leith and Ding Liu
"Equity versus Efficiency: Optimal Monetary and Fiscal Policy in a HANK Economy" (2024) with Vasileios Karaferis and Campbell Leith
"Searching for flexibility: The Joint Impact of Thatcher's Reforms of the UK Labour and Housing Market" (2024) with Charles Nolan and Øyvind Masst
"Filtering and Smoothing in State-Space Models with Multiple Regimes" (2024), with Nigar Hashimzade, Oleg Kirsanov and Junior Maih