Publications in refereed journals
"Explaining Movements in Government Debt" (2026) with Eric Leeper, Campbell Leith and Ding Liu. Journal of Macroeconomics. Forthcoming.
"Filtering and Smoothing in State-Space Models with Multiple Regimes" (2026), with Nigar Hashimzade, Oleg Kirsanov and Junior Maih, Journal of Business and Economic Statistics, forthcoming. doi: 10.1080/07350015.2026.2656466
"(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, 41(2), 404-425, 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. doi: 10.1111/jmcb.70046
"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
Book Sections
"Markov-Switching DSGE Modeling in RISE" (2026), with Junior Maih, Nigar Hashimzade and Oleg Kirsanov; forthcoming in 'Handbook of Research Methods and Applications in Empirical Macroeconomics', N.Hashimzade and M.A.Thornton eds. pp. ??-??, Edward Elgar 2026
"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
"Programming and the Economics Curriculum: Evidence from Undergraduate Student Attitudes" (2026), with Nigar Hashimzade and Oleg Kirsanov, International Review of Economics Education,, 52, 100347, doi: 10.1016/j.iree.2026.100347
"Integrating Programming into the Modern Undergraduate Economics Curriculum" (2025), with Nigar Hashimzade and Oleg Kirsanov, International Review of Economics Education, 49, 100310, doi: 10.1016/j.iree.2025.100310
"Lucas Islands Game in Intermediate Macroeconomics" (2026), with Nigar Hashimzade and Oleg Kirsanov, Journal of Economic Education, 57(2), 236-254. doi: 10.1080/00220485.2026.2629813
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