Policy Papers

No economy is an island: how foreign shocks affect UK macrofinancial stability
Bank of England Quarterly Bulletin, October 2021
With Ambrogio Cesa-Bianchi, Rosie Dickinson, Sevim Kösem and Ed Manuel
Press Coverage: Bloomberg

Global Value Chains, Volatility and Safe Openness: Is Trade a Double-Edged Sword?
Bank of England Financial Stability Paper, No. 46, January 2021
With Lucio D'Aguanno, Oliver Davies, Aydan Dogan, Rebecca Freeman, Dennis Reinhardt, Rana Sajedi and Robert Zymek

Trade Costs and Imbalances: Can Services Trade Policy Affect Global Imbalances?
Proceedings to IMF Research Department Workshop on "Assessing Global Imbalances: Lessons and Challenges", October 2019
With Mark Joy, Noëmie Lisack, Dennis Reinhardt, Rana Sajedi and Simon Whitaker

From the Middle Kingdom to the United Kingdom: spillovers from China
Bank of England Quarterly Bulletin, June 2018
With Robert Gilhooly, Jen Han, Niamh Reynolds and David Young

Mind the (current account) gap
Bank of England Financial Stability Paper, No. 43, January 2018
With Mark Joy, Noëmie Lisack, Dennis Reinhardt, Rana Sajedi and Simon Whitaker

The EU Referendum and Fiscal Impact on Low Income Households
National Institute for Economic and Social Research Report, June 2016
With Angus Armstrong and Katerina Lisenkova
Press Coverage: BBC, Bloomberg, The Guardian

A Dynamic Economic and Monetary Union (ADEMU) Conference Proceedings
October 2015
With Anil Ari