Professor of Economics at Warwick University teaching macroeconomics and international macroeconomics at masters and and undergraduate level, he is Research Fellow at CEPR, London, visiting Fellow at IIE, Washington and visting lecturer at ICEF in Moscow. Educated at Oxford University (PPE) and Yale University (Ph.D), previous academic career includes posts at the London School of Economics and Manchester University, with visiting teaching positions at Chicago University Business School and Princeton University.

He has worked as an Economist at the Bank of England; acted as advisor to the Treasury Committee of the House of Commons; was Member and Chair of Academic Panel of the Treasury and joint director of International Macroeconomics Programme at CEPR from1986 to 1991. Over the years he has been visiting fellow/economic consultant at the OECD, TACIS (Technical Assistance to the CIS, on Macroeconomic Policy in the Ukraine), IMF, World Bank, ECB; and recently at the Inter-American Development Bank.

Contributing editor to Exchange Rate Targets and Currency Bands (with Paul Krugman), CUP (1992) and the Asian Financial Crisis (with P. Agenor et al.), CUP (1999), among others. Recent co-authored papers include “Moral Hazard and the US Stock Market: Analysing the ‘Greenspan Put’” and “Creditor co-ordination, moral hazard and sovereign bankruptcy procedures” in The Economic Journal; and “Debt Restructuring and Economic Recovery: Analysing the Argentine Swap” in The World Economy.

Research during an ESRC Professorial Fellowship 2004-2007 involves game theory applied to debt restructuring, law and economics, and models of capital flows. Current research involves simple general equilibrium models of global imbalances, analysis of boom and bust in asset markets, and the determination of oil prices using the Hotelling approach, topics to be pursued during tenure of a Houblon Norman Fellowship at the Bank of England, October - December 2008.