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Former Managing Editor, The Economic Journal
Specialist Advisor, House of Lords Economic Affairs Committee
Fellow of the CEPR
Fellow of CESifo
Consultant to the International Monetary Fund and the UN Food and Agriculture Organisation
My general research interests are in macroeconomics and finance, the connections between the two, and in developing new analytical and empirical tools.
I have published papers in the following areas:
I have advised the House of Lords Economic Affairs Committee in all of their investigations since their inception: on monetary policy and globalisation.
Full details of publications can be found at RePEc
"General equilibrium theories of the equity risk premium: estimates and tests", with P.N.Smith and S.Sorensen, Quarterly Analysis in Social Sciences, 2008.
"Is the Euro the success that everyone seems to think?", Open Economies Review, 2009.
"Testing a DSGE Model of the EU Using Indirect Inference", with D. Meenagh and P.A.Minford, Open Economies Review, 20, 435-471, 2009.
"The equity premium and the business cycle: the role of demand and supply shocks", with P.N. Smith and S. Sorensen, International Journal of Economics and Finance, 2010.
"Two Orthogonal Continents? Testing a Two-country DSGE Model of the US and the EU Using Indirect Inference", with V.P. M.Le, D. Meenagh, P.A. Minford, Open Economies Review, 21, 2010.
"Some unpleasant consequences of the euro", Open Economies Review, 2010, 21, 351-364.
"What is the Best Framework for Fiscal Policy? With Application to Selected EU Countries." with V.Polito, in Globalisation New Challenges (ed. C.Richter), Lambert, 2010.
"The 'Puzzles' Methodology: En Route to Indirect Inference?", with V.P.M Le and P. A. Minford, Economic Modelling, forthcoming 2010.
"Optimal Monetary Policy Using an Unrestricted VAR", with V.Polito, Journal of Applied Econometrics, forthcoming.
"What's wrong with Modern Macroeconomics? Why its critics have missed the point." CESifo Economic Studies, forthcoming.
"Assessing the Fiscal Stance in the European Union and the United States, 1970-2011", with V.Polito, Economic Policy, forthcoming.
Macroeconomic Theory: A Dynamic General Equilibrium Approach, Princeton University Press, 2008.
Department of Economics
Tel: 01904 323764