My research focuses on the political economy of international monetary relations, financial market development, and credit market dynamics. I am currently working on several projects analyzing and conceptualizing the role of politics in the context of central banks and international financial markets.

Working Papers

Yellin’ at Yellen: Gender Bias in the Federal Reserve Congressional Hearings, joint with James Bisbee and Nicolò Fraccaroli

Central Bank Independence in Autocracies, with Michaël Aklin, Ning Leng, and Jack Seddon

The Political Economy of Independent Central Banks, with Jack Seddon.

Peer-reviewed Articles

Women’s Leadership and the Gendered Consequences of Austerity in the Public Sector: Evidence from IMF Programs, with Bernhard Reinsberg, Mirko Heinzel, and Saliha Metinsoy, forthcoming Governance. [Replication Files and Data]

Crash for Cash: Offshore Financial Sinks and IMF Programs, with Elias Nosrati, Bernhard Reinsberg, and Dilek Sevinc, forthcoming European Journal of Political Economy. [Replication Files and Data]

Structural Adjustment, Capital Flight, and the Reproduction of Global Inequality, with Elias Nosrati, Bernhard Reinsberg, and Dilek Sevinc, forthcoming SocioEconomic Review.

The Political Economy of Chinese Debt and IMF Conditionality, with Bernhard Reinsberg, Global Studies Quaterly, 2(4), ksac062.

The Impact of COVID-19 on Labor Markets, Poverty and Incomes in Mauritius, with Marco Ranzani, The Economic and Labour Relations Review, p.10353046221135076.

Global Banking and the Spillovers from Political Shocks at the Core of the World Economy, with Raphael Cunha, The Review of International Organizations, Vol. 17(4), 717 – 749.

IMF Programs, Chinese Lending, and the Political Economy of Leader Survival, with Bernhard Reinsberg and Patrick E. Shea, AidData Working Paper No. 118

Does Central Bank Independence Increase Inequality?, with with Michaël Aklin and Mario Negre, World Bank Working Paper No. 9522.

The Side Effects of Central Bank Independence, with Michaël Aklin, American Journal of Political Science, Vol. 65(4), 971 – 987. [Replication Files and Data]

The Political Economy of IMF Conditionality and Central Bank Independence, with Bernhard Reinsberg and Matthias Rau-Goehring, European Journal of Political Economy, Volume 68, 101987.  

Political Credit Cycles, with Puspa Amri, Economics & Politics, Vol. 33, 76 – 108.

Displacement and Debt: The Role of Debt in Returning to Work after Displacement, with Robert Bednarzik and John Hisnanick, Journal of Financial Economic Policy, Vol. 13(5), 600-650, [Supplementary Appendix]

IMF Conditionality and Central Bank Independence, with Bernhard Reinsberg and Matthias Rau-Goehring, European Journal of Political Economy, Volume 59, 212 – 229. [Replication Files and Data]

Moral Hazard and Financial Crises: Evidence from US Troop Deployments,  with Michaël Aklin, International Studies Quarterly, Volume 63(1), 15-29. [NPR Coverage] [Replication Files and Data]

The 2008 Tax Rebate and US Household Debt, with John Hisnanick, Applied Economics Letters, Volume 25, Issue 9, 592– 596.

Financial Governance in the EMP, with Alexander Salhi, EuroMed Journal of Business, Volume 6, Issue 2, 253 – 271.

The EuroMediterranean Partnership – A Macroeconomic Governance Perspective, with Alexander Salhi, Journal of Common Market Studies, Volume 49, Issue 4, 871–894.

Growth Patterns in the CIS-8 – A Political Economy Approach, with Alexander Salhi and Martin Roessler, Transition Studies Review, Volume 17(4), 686 – 708.

Global Imbalances and a Trade-Finance-Nexus, with Christian Fahrholz, Journal of Financial Economic Policy, Volume 1(3), 206 – 226, (2009).

Red Star Spangled Banner –Scrutinizing the Root Causes of Financial Crisis, with Christian Fahrholz, Journal of Regulation & Risk North Asia, Volume 1(3), 119 – 124, (2009).

Policy Papers and Briefs

Transforming Sympathetic Interlocutors into Veto Players, with Bernhard Reinsberg and Matthias Rau-Goehring, ECB Working Paper No. 2518

The Role of IMF Conditionality for Central Bank Independence, with Bernhard Reinsberg and Matthias Rau-Goehring, ECB Working Paper No. 2464

Displacement and Debt: The Role of Debt in Returning to Work in the Period Following the Great Recession, joint with Robert Bednarzik and John Hisnanick.

Report for the GO-EuroMed Brussels Conference 27 – 28 November 2008, with MarkFurness and Pablo Gandara, GO-EuroMed Project Final Project Report, (2008).

The Political Economy of Euro-Med Governance, with Mark Furness and Pablo Gandara, European Policy Brief, (2008).

Financial Markets, Economic Growth, and the Missing Link – A Role for the EMP?, with Alexander Salhi and Nevine Eid, Go-EuroMed MPSG Working Paper 0802, (2008).

Benign Neglect or Lost at Sea – Macroeconomic Governance in the EMP, with Alexander Salhi, Go-EuroMed MPSG Working Paper 0803, (2008).

Red Star Spangled Banner –Scrutinizing the Root Causes of Financial Crisis, with Christian Fahrholz, Working Papers on Global Financial Markets No.5, Friedrich-Schiller-University Jena, (2008).

Ain’t no Sunshine when the Boom is Gone: Questioning the Roots of Current Global Financial Crisis, (with Christian Fahrholz), Innovation and Knowledge Management in Twin Track Economies: Challenges & Solutions, 11^th IBIMA conference proceedings, (2008).

Research Notes and Commentaries

Why IMF Comments on the UK Economy Spooked Traders and Investors, with Bernhard Reinsberg, The Conversation, (2022)

When Central Bank Independence Becomes a Condition for International Monetary Fund Loans, with Bernhard Reinsberg and Matthias Rau-Goehring

Why the Fed has no choice but to keep cutting interest rates – if it wants to avoid a financial crisis, The Conversation, (2019).

Why political meddling with central banks is a terrible idea – and the Federal Reserve is no exception, The Conversation, (2019).

The Irrelevance of the European Toxic Asset Facility, gppireview.com, (2011).

Government Bonds will be the Next Blow, atlantic-community.org, (2011).

A Big Fat Greek Financial Wedding, atlantic-community.org, (with Christian Fahrholz), (2009).

Red Star Spangled Banner –Scrutinizing the Root Causes of Financial Crisis, (with Christian Fahrholz), voxeu.org, (2009).

Selling the Drama – A Research Note, atlantic-community.org, (with Christian Fahrholz), (2008).

Asking Financial Markets for a Viennese Waltz, atlantic-community-org.,  (with Christian Fahrholz), (2008).

Manuscripts 

‘Lending Booms – Stylized Facts, Critical Junctures and a Missing Political Economy Link’, Ph.D. Thesis, available upon request, (2010).