Research

Dery, Cosmas, Ayobami E. Ilori, and Dennis Nsafoah. Drivers of Inflation in South Africa Before and After the COVID‐19 Pandemic. South African Journal of Economics, Forthcoming.

Dery, Cosmas. Sectorial economic activity and Divisia monetary aggregates. Macroeconomic Dynamics, Forthcoming.

Serletis, Apostolos and Dery Cosmas Monetary Policy in Advanced and Emerging Economies. Macroeconomic Dynamics, Forthcoming.

Dennis Nsafoah, Cosmas Dery, and Ayobami E. Ilori (2025)  Revisiting the drivers of inflation in Sub-Saharan Africa after COVID-19. Empirical Economics 68, 1073–1112.

Ayobami E. Ilori, Cosmas Dery, Lucia M. Murgia, and Dennis Nsafoah (2024) Monetary policy and heterogeneous price effects in the United Kingdom Scottish Journal of Political Economy, 71(5), 705 -719. 

Nsafoah, Dennis and Dery Cosmas (2024)  Effect of Conventional and Unconventional Monetary Policy Shocks on Housing Prices in Canada. Journal of Housing Economics, 64,101993.

Dery, Cosmas, and Serletis Apostolos (2024)  Business Cycles in the USA: The Role of Monetary Policy and Oil Shocks. Empirical Economics, 67, 1-30.

Dery, Cosmas, and Serletis Apostolos (2024)  Monetary policy and economic fluctuations. Macroeconomic Dynamics, 28(7), 1493-1511.

Dery, Cosmas, and Serletis Apostolos  (2023)  Macroeconomic Fluctuations in the United States: The Role of Monetary and Fiscal Policy Shocks. Open Economies Review, 1-17.

Dery, Cosmas, and Serletis Apostolos (2021)  Disentangling the Effects of Uncertainty, Monetary Policy and Leverage Shocks on the Economy. Oxford Bulletin of Economics and Statistics, 83(5), 1029-1065. 

Dery, Cosmas, and Serletis Apostolos (2021)   Interest rates, money, and economic activity. Macroeconomic Dynamics, 25(7), 1842-1891. 

Dery, Cosmas, and Serletis Apostolos (2021)  The relative importance of monetary policy, uncertainty, and financial shocks. Open Economies Review, 32(2), 311-333. 

Liu, Jinan, Dery Cosmas, and Serletis Apostolos (2020)  Recent monetary policy and the credit card-augmented Divisia monetary aggregates. Journal of Macroeconomics 64: 103203. 

Oil Shocks and Economic Sentiment Indicators in Emerging Countries - With Nahiyan Azad

Economic Shocks and Macroeconomic Fluctuations: A Cross-Country Perspective - with Apostolos Serletis

Relative importance of Aggregate Demand, Supply, and Monetary policy shocks in EM7 countries

Uncertainty spillovers from US to advanced and emerging economies; a PVAR approach