Macroeconomics, International Economics and Financial Markets

Research by this group has produced significant advances in the application and development of nonlinear time series econometrics to issues of international economics, monetary policy, financial markets, forecasting and high frequency data analysis.

While more recently, a capacity in macroeconomic theory has been developed that examines the interaction between fiscal and monetary in optimal policy settings, a particular focus is the implication of habits and limited asset market participation on monetary policy, along with macro-prudential regulation. Another emphasis is international economics and trade, with work that focuses on a range of issues including the effect of anti-dumping agreements, international capital flows and financial markets, and economic development.

The group also hosts the Gulf One Lancaster Centre for Economic Research (GOLCER), founded with an alumni donation and with Izzeldin and Peel as co-directors. GOLCER has three staff and one PhD student who contribute to its research theme in Islamic finance and issues such as efficiency and risk failure and also produces a monthly bulletin.

For further details of individual research and publications in these areas, see staff profiles.

Potential PhD topics

The group would particularly welcome applications from well-qualified candidates interested in pursuing PhD study in any of the following areas: Macroeconomic Theory, Applied Macroeconomics, International Economics, Trade and the Analysis of Financial Markets.