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Marija Vukotic

Telephone: +44 (0)24 765 28418

Email: M dot Vukotic at warwick dot ac dot uk

Advice and Feedback Hours, Term 1:

Mondays, 10:00-11:00 and 14:30-15:30.

Please book your slot here (via and then follow the Teams meeting link that will be provided in the booking confirmation e-mail.

Related Links:

About Me:

I am an Assistant Professor at the Economics Department, University of Warwick. I joined the Department in 2012. My research interests are:

  • Macroeconomics, Business Cycles
  • International Macroeconomics
  • Monetary Economics.

You can download my Curriculum Vitae here.


Current teaching:
  • Topics in International Economics (2nd year MRes, Weeks 1-6) (Syllabus)
Past teaching at Warwick:
  • EC924 - Monetary Economics (MSc): Syllabus
  • EC204 - Macroeconomics, UG 2nd year
  • EC235 Topics in Applied Economics (2a) (UG)
  • EC9A2 Macroeconomics (1st year MRes): Syllabus



1. Patent-Based News Shocks, with Danilo Cascaldi-Garcia, Review of Economics and Statistics, Forthcoming

Download Online Appendix here.

2. Welfare Gains of Bailouts in a Sovereign Default Model, with Roberto Pancrazi and Hernan S. Seoane, Journal of Economic Dynamics and Control, 113, 193867, April 2020.

( this is a substantially revised version of the previous version "Welfare Costs of Sovereign Debt Crises: the Role of Bailouts")

3. Sectoral Effects of News Shocks,  Oxford Bulletin of Economics and Statistics, 81, March 2019, 215–249.

( this is a substantially revised version of the draft circulated as "A Sectoral Approach to News Shocks" )

4. Inflation Sensitivity to Monetary Policy: What has Changed since the Early 1980's , with Roberto Pancrazi, Oxford Bulletin of Economics and Statistics, 81, March 2019, 412-436.

(Previously circulated as "On the Effectiveness of Conventional Monetary Policy")

5. The Price of Capital and the Financial Accelerator, with Roberto Pancrazi and Hernan Seoane, Economics Letters, Volume 140, December 2016, Pages 86-89

*Replication files for solving BGG with the equilibrium price of capital: download

Working Papers:

Delayed Adjustment and Persistence in Macroeconomic Models, with Thijs van Rens (submitted)

How Distorted Food Prices Discourage a Healthy Diet, with Thijs van Rens and Roberto Pancrazi

Exchange Rate Dynamics in an Estimated Small Open Economy DSGE Model, Working Paper, 2007

Work in Progress:

"Innovation During Uncertain Times", with Danilo Cascaldi-Garcia and Sarah Zubairy

"Bailout Incentives for Small Open Economies", with Roberto Pancrazi and Hernan S. Seoane (draft available upon request)

"The Economics of Diet and Obesity", with Roberto Pancrazi and Thijs van Rens, (slides available upon request)

"What Do Forecasters Pay Attention to?", with Roberto Pancrazi and Leonardo Melosi