For a current site, please visit
School of Economics and Finance
Victoria University of Wellington
P.O. Box 600, Wellington, New Zealand
ph: ++64 4 463 5893
fx: ++64 4 463 5014
I am a senior lecturer in economics at Victoria University of Wellington. I am also the founding director of the Open Economy Macroeconomics Research Programme at Centre of Applied Macroeconomic Analysis (CAMA) at the Australian National University, a research associate at the Globalization and Monetary Policy Institute, Federal Reserve Bank of Dallas,
Center for International Price Research
at Vanderbilt University. My primary research interests lie in international finance and trade, open macroeconomics and monetary economics.
I am an organizer the Southern Workshop in Macroeconomics (VUW Macro Workshop in the past), RBNZ December Macro conference (call for papers), and a local organizer of NBER EASE 2013 in Wellington. I serve as the economics seminar coordinator in 2013.
Econ 413 - International economics: monetary
Econ 309 - International economics
MMAF 521 - Macroeconmic processes and financial management
Econ 305 - Advanced macroeconomics
Econ 202 - Intermediate Macroeconomics
Econ 130 - Principles of economics
Trends in European Real Exchange Rates (with Michael B. Devereux), Economic Policy Vol. 28(74), 2013 (lead article). Working paper (longer) version, slides, and data.
Real exchange rate adjustment in and out of the Eurozone (with Michael B. Devereux and Charles Engel), American Economic Review (Papers & Proceedings) 102(3), 2012
International Risk-sharing and commodity prices (with Mario J. Crucini and Chih-Wei Wang), Canadian Journal of Economics, Vol 45 (2), 2012 (Working paper version here)
The Consumption Terms of Trade and Commodity Prices (with Mario J. Crucini), published in Commodity Prices and Markets, NBER book series published by University of Chicago Press (eds. Ito and Rose), February 2011 (NBER WP 15580 here)
Non-linear Adjustment in International Prices and Physical Characteristics of Goods, published in Review of International Economics, Vol 17 (1), 2009.
Funding of regions in New Zealand, published in Clm. Economia, No. 6, 2006
General Equilibrium Model of Arbitrage Trade and Real Exchange Rate Persistence
Basle Accord and Financial Intermediation: The Impact of Policy (FRB St. Louis WP 2011-042A, with Christian Zimmermann, see long abstract)
Price setting in a leading Swiss online supermarket (with Michael B. Devereux and Thomas Rudolph, first draft (NBER WP 17126))
Real exchange rate and sectoral productivity in and out of the Eurozone (with Michael B. Devereux and Charles Engel)
Credit Crunch as an Optimal Decision of Risk-Averse Banks under Uncertainty