Emeritus Professor

Research Associate of ESRC Centre for Competitive Advantage in the Global Economy at the University of Warwick.

Research Interests

Current research topics involve:

• Endogenous financial crises
• Sovereign debt restructuring
• Fiscal consolidation in Europe
• Imprisonment as worker-discipline in Stalin's Russia

Topic pursued during tenure of a Houblon Norman Fellowship at the Bank of England, October - December 2013 included "Macro coordination: Forward Guidance as 'cheap talk'” and "Macroeconomics after the crisis – hedgehog or fox?"

Publications

Recent Co-authored CAGE Working Papers include:

• "In the shadow of the Gulag: worker discipline under Starlin", No.218/2015
• "Fiscal consolidation: Dr Pangloss meets Mr Keynes", No. 159/2013
• "Eurozone Sovereign Debt Restructuring: promising legal prospects?", No. 144/2013
• "The Invisible Hand and the Banking Trade: Seigniorage, Risk-shifting and More", No. 135/2013
• "Whither Capitalism? Financial Externalities and Crisis Book", No. 79/2012
• "Prudent Banks and Creative Mimics: Can we tell the difference?", No. 76/2012
• "Borrowing from thy neighbour: a European perspective on sovereign debt", No. 73/2012