Research

Publications

"Evaluating Fiscal Policy Reforms using the Fiscal Frontier" and online appendix (with Mattia Ricci and Campbell Leith), accepted, Journal of Economic Dynamics and Control 

• JRC Working Papers on Taxation and Structural Reforms No 02/2023 

 "Strategic Interactions in U.S. Monetary and Fiscal Policies" and online appendix (with Eric Leeper and Campbell Leith), Quantitative Economics,  2022, 13(2), 593-628.  

• Early version:  NBER Working Papers No 27540

"How Optimal is US Monetary Policy?" and online appendix (with Campbell Leith and Tatiana Kirsanova), Journal of Monetary Economics, 2017, 92, 96-111

"An Empirical Assessment of Optimal Monetary Policy Delegation in the Euro Area" (with Campbell Leith and Tatiana Kirsanova), European Economic Review, 2017, 100, 95-115

"Revisiting the Dollar-Euro Permanent Equilibrium Exchange Rate: Evidence from Multivariate Unobserved Components Models," (with Ronald MacDonald), Journal of International Money and Finance, 2015, 53, 20-35

"Realised and Optimal Monetary Policy Rules in an Estimated Markov-Switching DSGE Model for the United Kingdom," (with Ronald MacDonald), Journal of Money, Credit and Banking, 2012, 44(6), 1091-1116 

"Asset Prices, Credit and Business Cycles," (with Alexandros Kontonikas and Alberto Montagnoli), Economics Letters, 2012,117(3),857-861 

"Measuring the Euro Area Output Gap using Multivariate Unobserved Components Model Containing Phase Shifts," (with Terence C. Mills),  Empirical Economics, 2012, 43(2)

"Evaluating Growth Cycle Synchronisation in the EU," (with Terence C. Mills), Economic Modeling, 2009, 26 (2), 342-351 

Working papers

"Debt targets and fiscal consolidation in a two-country HANK model for Eurozone" (with Spyridon Lazarakis and Petros Varthalitis), R&R at Quantitative Economics