.png?itok=iAerCwOb)
I am Distinguished Professor of Economics and Finance at the University of California, Davis, with appointments in the Department of Economics and the Graduate School of Management. I am also a research associate of the National Bureau of Economic Research in Cambridge, Massachusetts, and a research fellow of the Center for Economic Policy Research in London. I currently serve as a Co-Editor at the Journal of International Economics.
My research interests span macroeconomics, finance, international trade, and economic history. I read mathematics at King’s College, Cambridge, and graduated with a Ph.D. in economics from Harvard University.
I have written numerous articles published in a range of economics journals including the American Economic Review, Econometrica, the Quarterly Journal of Economics, the Journal of Political Economy, the Economic Journal, the Review of Economics and Statistics, the Journal of Monetary Economics, the Journal of International Economics, the Journal of Money, Credit and Banking, and the Journal of Economic History; edited volumes and the books Global Capital Markets: Integration, Crisis and Growth published by Cambridge University Press (with Maurice Obstfeld), and Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880–1935 published by The University of Chicago Press (with Gerardo della Paolera); and essays on policy and commentary in the Financial Times, Foreign Affairs, reuters.com, ft.com, and vox.eu, among other publications.
In 2004 I was awarded a John Simon Guggenheim Memorial Fellowship. In 2009–10 I was named a Houblon-Norman/George Fellow at the Bank of England. I have been a visitor/consultant/speaker at many public sector organizations including various Federal Reserve Banks, the IMF, World Bank, IDB, BIS, ECB, and the central banks of the UK, China, France, Germany, Netherlands, Italy, Switzerland, Norway, Austria, Hungary, Korea, Croatia, Peru, and Argentina. I have served as a Senior Advisor at Morgan Stanley, acted as a consultant to various asset managers, and provided expert testimony in financial cases. In 2019 I began serving as a Senior Advisor at PIMCO.
.png?itok=iAerCwOb)
Discussion paper
DP15697 A Second-best Argument for Low Optimal Tariffs
-

- Trade policy 
- Monopolistic competition 
- Gains from trade 
- Input-output linkages
Discussion paper
DP15518 Zombies at large? Corporate debt overhang and the macroeconomy
-

- Corporate debt 
- Business cycles 
- Local projections
Discussion paper
DP15326 The Gravitational Constant?
-

- Distance 
- Empire 
- Gravity

VoxEU Column
Debt: The eye of the storm – the 24th Geneva Report on the World Economy
-

- COVID-19 
- Macroeconomic policy 
- Monetary Policy 
- Global economy 
- Debt 
- public dent 
- private sector debt 
- debt levels 
- Interest rates

VoxEU Column
The longer-run economic consequences of pandemics
-

- COVID-19 
- Economic history 
- Covid-19 
- Coronavirus 
- Pandemics

VoxEU Column
Are financial crises demand or supply shocks?
-

- Exchange Rates 
- Global crisis 
- International trade 
- Financial crises 
- Demand shocks 
- Supply shocks 
- Trade flows 
- Exchange rates

VoxEU Column
Credit cycles and asset returns
-

- Financial Markets 
- Credit cycles 
- Asset returns 
- Investment performance

VoxEU Column
Global financial cycles and risk premiums
-

- Financial Markets 
- Macroeconomic policy 
- Global financial cycles 
- Risk premiums 
- Asset markets