Research

• What Brexit and Austerity tell us about economics, politics and the media (paper, talk)

• Issues in the Design of Fiscal Policy Rules (article, discussion paper)

• A general theory of austerity (paper)

• The Knowledge Transmission Mechanism and Austerity (paper)

• Saltwater vs Freshwater: A small survey of postgraduate macro courses, with Moreira (paper)

  • The Eurozone's Flaws are not Intrinsic (article)

  • Unravelling the New Classical Counter Revolution (article)

  • Fiscal Sustainability in a New Keynesian model, with Leith (article)

  • Macroeconomic stabilisation in the Eurozone: Lessons from failure (article, blog post)

  • Aggregate fiscal policy under the Labour government, 1997–2010 (article, blog posts: 1, 2, 3, 4)

• Optimal Fiscal Feedback in an economy with Nominal Rigidities, with Kirsanova (article, working paper, discussion, blog post)

• Internal consistency, price rigidity and the microfoundations of macroeconomics (article, working paper, discussion)

• Lessons from failure: Fiscal Policy, indulgence and ideology (article, discussion)

• Debt Stabilisation in a Non-Ricardian Economy, with Leith and Moldovan (working paper, discussion)

• Comparing the Delegation of Monetary and Fiscal Policy (working paper, discussion)

• What Should Fiscal Councils Do? with Lars Calmfors (article, discussion)

• Discretionary Policy in a Monetary Union with Sovereign Debt, with Leith (article, discussion)

• Macroeconomic Policy in the light of the Credit Crunch (article, discussion)

• Monetary and Fiscal Policy Interaction: The Current Consensus Assignment in the Light of Recent Developments (article, earlier version, discussion)

• The possible macroeconomic impact on the UK of an influenza pandemic, with Keogh-Brown, Edmunds, Beutels and Smith (article, working paper, discussion)

• When is Monetary Policy all we need? with Eser and Leith (working paper, discussion)

• Inflation Bias with Dynamic Phillips Curves and Impatient Policy Makers, with Kirsanova and Vines (article, discussion)

• Taylor Rules in an Open Economy, with Leith (article, discussion)

• Optimal Debt Policy, and an Institutional Proposal to help in its Implementation, with Kirsanova and Leith (article, earlier version, discussion)

  • Articles in Newspapers and Magazines

Other recent papers

• • The Austerity Con (London Review of Books, February 2015)

• FiscalCouncils: The UK Office for Budget Responsibility

• The Case Against Austerity (full) (short summary)

• Bringing Undergraduate Macroeconomics Up To Date

Mainly macro blog

Fiscal Councils Webpage