Research Interests 

My main research interests focus largely on macroeconomic policy and monetary policy. More recently I am working with macro models of financial intermediation that are useful to examine a number of topical issues. I usually work with Dynamic Stochastic General Equilibrium (DSGE) models of sticky prices and credit market imperfections, that are very popular in macroeconomic policy and business cycles. However, I have also worked with other models that are designed for multiple equilibria, speculative attacks and financial crisis. My main research interests are:

•     Monetary Policy (conventional and non-conventional) and Business Cycles

•     Macroprudential Policy and Regulation in Macro Models.

•     Credit Market Imperfections, Financial Intermediation and Macroeconomic Policy

•     New Keynesian Dynamic Stochastic General Equilibrium (DSGE) Models

•     Models of Financial and Credit Crises and Business Cycles

•     Wage and Price Setting, Unemployment and Business Cycles

PhD Students 

My recent PhD Students (main or sole supervisor)*  

• Manuel Gloria (currently, Bank of England, 2023)

• Selma Godinjak (First appointment: Teaching lectureship University of Manchester, 2022).

• Chashika Kalubowila (First appointment: Senior Economist Central Bank of Sri Lanka Bank, 2022)

• Kasun Darsaka Pathirage  (First appointment: Senior Economist Central Bank of Sri Lanka Bankt,2021)

• Sama Bombaywala (First appointment: Bank of England Internship)

• Gantungalag Altansukh. (PhD), "On Global Price Movements" (First appointment: Risk management analyst, Development Bank of Mongolia, 2014).

• Roy Zilberman. (PhD), "On SDGE Models with Credit Market Imperfections". (First appointment: Lecturer at Lancaster University, 2013).

• William Tayler. (PhD), "Monetary Policy with Imperfect Credit markets". (First appointment: Lecturer at Lancaster University, 2013).

• Chandranath Amarasekara. (PhD) "Inflation Targeting and Unemployment". (First appointment: Senior Economist, Central Bank of Sri Lanka, 2010).

• Zhaolu Wang. (PhD), "The effects of the financial liberalisation in China". (First appointment: Central Bank of China, 2010).

• The Anh Pham. (PhD), "Nominal Rigidities and Monetary Policy". (First appointment: National Economics University, Vietnam, 2007).

• Riina Rasa, (MPhil), ‘Political cycles in the European Union’, (2005). 

• Wayne Robinson. (PhD), “Financial Markets and Speculative Attacks”; (First appointment: Senior economist at Central Bank of Jamaica, 2002; Deputy Governor, Bank of Jamaica, 2017).

• Mario Reyna-Cerecero. (PhD), “Debt and Inflation: Latin America”, (2002). (Banco de Mexico)

• Harris Coroneos (MPhil), ‘On the Phillip’s Curve’, (1999). 

*I have also been involved with the supervision of a number of other PhD researchers as second supervisor, or as part of an advisory board.