Current Positions
- Professor and Co-Director, Institute of Political Economy, University of Bern, 1998-
- Research Fellow, Center for Economic Policy Research (CEPR)
- Co-Editor, Open Economies Review
- Associate Editor, Journal of Money Credit and Banking
- Visiting Scholar, Federal Reserve Bank of New York, 2014- , Federal Reserve Bank of St Louis, 2013-, Bank of Greece, 2016-
- Member of the Foundation Board, Study Center Gerzensee, 2009-
Education
- Ph.D. (1985) University of Rochester
- B.A. (1980) Athens School of Economics and Business (Greece)
Some recent publications:
- Business cycle anatomy, (with George-Marios Angeletos and Fabrice Collard), American Economic Review, October 2020, 110(10), 3030-70.
- Quantifying Confidence, with George-Marios Angeletos and Fabrice Collard, Econometrica, September 2018, 86(5), 1689–1726.
- Optimal monetary and prudential policies, (with Fabrice Collard, Behzad Diba, and Olivier Loisel), American Economic Journal: Macroeconomics, January 2017, 9 (1), 40-87.
- Sovereign debt with heterogeneous creditors, (with Dirk Niepelt), Journal of International Economics, March 2016, 99(1), S16-S26.
- Fiscal multipliers in recessions, (with Matt Canzoneri, Fabrice Collard and Behzad Diba), Economic Journal, February 2016, 125(590), 75-108.
Some recent working papers:
- Austerity (with D. Niepelt), Economic Journal, forthcoming.
- The dog that didn’t bark: The curious case of Lloyd Mints, Milton Friedman and the transformation of the Chicago quantity-theory tradition, (with George Tavlas), History of Political Economy (HOPE), forthcoming.
- Public Debt as Private Liquidity: Optimal Policy (with GM. Angeletos and F. Collard), R&R, Journal of Political Economy.
- Fiscal distress and Banking Performance: The Role of Macro-prudential Regulation (with H. Balfoussia D. Papageorgiou), R&R, Journal of Money Credit and Banking.
- Optimum Banking Area (with H. Balfoussia, H. Gibson, D. Papageorgiou)
- On the Evolution of the Rules versus Discretion Debate, (with George Tavlas)
- Business Cycle Anatomy Around the World (with G-M Angeletos, F. Collard, and L. Kyriakou)