Research

Here‘s my RePEc page. It contains most of my working papers and links to journal websites for published articles.

And here’s some other recent work.

Europe’s Long-Term Growth Prospects: With and Without Structural Reforms (with Kieran McQuinn), September 2017. Published in The Political Economy of Structural Reforms in Europe. Edited by Nauro F. Campos, Paul De Grauwe, and Yuemei Ji, Oxford University Press, 2018.

Banking Union and the ECB as Lender of Last Resort, August 2016. Published in Filling the Gaps in Governance: the Case of Europe edited by Franklin Allen, Elena Carletti, Joanna Gray and Mitu Gulati.

Changes in Bank Leverage: Evidence from US Bank Holding Companies (with Martin O’Brien). March 2015.

People sometimes ask about my TARGET2 paper.  I recommend this working paper version TARGET2 and Central Bank Balance Sheets (March 2013) to the revised (but not better) draft published in Economic Policy.