I am Associate Professor of Economics and Quantitative Analysis at Philips University, Nicosia. I was previously Senior Lecturer and Lecturer of Economics at Cardiff University and Senior Researcher at the Central Bank of Cyprus, and I hold a Ph.D. in Economics from the University of Virginia.

Fields of interest

• General Equilibrium
• Business Cycle Theory
• Macroeconomics of Labour Markets
• Macroeconomics of Cryptocurrencies
• Applied Time Series Econometrics

Recent

• Sep 2026Joined Philips University as Associate Professor of Economics and Quantitative Analysis.
• 2026“New Results and a Model of Scale Effects on Growth” (with Kul Luintel) published in Macroeconomic Dynamics.
• 2025“Long-Term Nexus of Macroeconomic and Financial Fundamentals with Cryptocurrencies” published in Frontiers in Blockchain.

Refereed publications

1. [11]

   New Results and a Model of Scale Effects on Growth

   with Kul Luintel · Macroeconomic Dynamics, Volume 30, 2026

   Journal recordOpen-access PDF
2. [10]

   Long-Term Nexus of Macroeconomic and Financial Fundamentals with Cryptocurrencies

   Frontiers in Blockchain, Volume 8, 2025

   Journal (open access)PDF
3. [9]

   Exchange Rate Risk and Deviations from Purchasing Power Parity

   with Michael Arghyrou and Wenna Lu · International Journal of Finance and Economics, 2025

   JournalOpen-access version
4. [8]

   On the Causality Between Household and Government Spending on Education: Evidence from a Panel of 40 Countries

   with Abida Naurin · Empirical Economics 65, 2023, 567–585

   JournalOpen-access PDF
5. [7]

   Does the Impact of Private Education on Growth Differ at Different Levels of Credit Market Development?

   with Michael Hatcher · Review of Development Economics 27(1), 2023, 291–322

   Journal (open access)PDF
6. [6]

   On the Cyclicality of Real Wages and Wage Differentials

   with Chris Otrok · B.E. Journal of Macroeconomics: Advances 19(1), 2019, 20

   JournalOpen-access version
7. [5]

   On Imperfect Competition with Occasionally Binding Cash-in-Advance Constraints

   with Huw Dixon · Journal of Macroeconomics, Volume 50, 2016, 72–85

   JournalAuthor version (PDF)
8. [4]

   Inflation Announcements and Asymmetric Exchange Rate Responses

   with Michael Arghyrou · Journal of International Financial Markets, Institutions & Money, Volume 40, 2016, 80–84

   JournalAuthor version (PDF)
9. [3]

   R&D and Aggregate Fluctuations

   with Erhan Artuç · Journal of Economic Dynamics and Control, Volume 47, 2014, 54–71

   JournalAuthor version (PDF)Appendix
10. [2]

    Risk Aversion, Exchange Rate Uncertainty and the Law of One Price: Insights from the Market for Online Air-Travel Tickets

    with Michael Arghyrou and Andros Gregoriou · Canadian Journal of Economics 44(3), 2011, 880–906

    JournalWorking paper (PDF)
11. [1]

    Implicit Contracts and the Cyclicality of the Skill-Premium

    Journal of Economic Dynamics and Control, Volume 35, 2011, 963–979

    JournalWorking paper (PDF)

Work in progress

• Decentralized FinanceTextbook
• Estimating the Returns of R&Dwith Kul Luintel

Current · Philips University

Cardiff University

• 2007–2026
  Advanced Labour Economics: macroeconomics of labour marketsModule leader · MRes Economics (Ph.D. programme, year 2)
• 2013–2026
  Labour EconomicsModule leader · Undergraduate, year 3
• 2009–2021, 2024–2025
  Mathematical EconomicsModule leader · MSc Economics (Ph.D. programme, year 1)
• 2024
  MacroeconomicsUndergraduate, year 1
• 2011
  Business Applications (Time Series Econometrics)Undergraduate
• 2009
  Computational MacroeconomicsModule leader · Ph.D. programme

University of Virginia

• 2005–2006
  Intermediate Macroeconomics (Econ 302)Undergraduate

Positions

• 2026–present
  Associate Professor of Economics and Quantitative AnalysisPhilips University
• 2020–2026
  Senior Lecturer of EconomicsCardiff University
• 2011–2012
  Senior Researcher, Economic Research DepartmentCentral Bank of Cyprus
• 2007–2020
  Lecturer of EconomicsCardiff University

Education

• 2007
  Ph.D. EconomicsUniversity of Virginia. Dissertation: Essays on Wages and Wage Inequality over the Business Cycle. Supervisors: Professor Craig Burnside (chair), Professor Christopher Otrok.
• 2003
  M.A. EconomicsUniversity of Virginia
• 2001
  B.Sc. EconomicsUniversity of Cyprus

Awards

• 2005–2006
  DuPont FellowshipUniversity of Virginia
• 2004–2005
  Bankard Predoctoral FellowshipBankard Fund for Political Economy, University of Virginia
• 2001
  Prize of Bank of DevelopmentUniversity of Cyprus

Examining

• 2018–2021
  External Examiner, University of SouthamptonMacroeconomics elements of the undergraduate and postgraduate programmes
• 2011–2026
  Internal Ph.D. examiner, Cardiff UniversityYue Jiang (2011), Kun Tian (2013), Ashley Benedict Nanton (2014), Zheyi Zhu (2017), Aigerim Rysbayeva (2021), Xueying Hu (2026)

Administrative responsibilities · Cardiff University

• 2016–2021
  Coordinator (module leader) of the MSc Dissertation module (BST279), MSc International Economics, Banking & Finance and Financial Economics
• 2017
  Organiser of the student presentation event for the MSc IEBF and FE programmes (424 students)
• 2015–
  Member of the student-staff panel (MSc Economics, MRes Economics, Ph.D.)
• 2014
  Coordinator for Cardiff University at the QED (Quantitative Economics Doctorate) Conference, Bielefeld
• 2013–2016
  Member of the student-staff panel (undergraduates)
• 2012–2015
  Representative of Economics at the School's Education Committee (Learning and Teaching)
• 2011
  Recruiting team for a lecturer post in Economics, Royal Economic Society, City University London (with Akos Valentinyi)
• 2010–2011
  Director of internal workshops in economics
• 2009–2011
  Director of the Economics Seminar Series
• 2008
  Recruiting team for a lecturer post in Economics: American Economic Association meetings, New Orleans (with Max Gillman), and Royal Economic Society, UCL (with Kent Matthews)

Referee

Journal of the European Economic Association · Journal of Economic Dynamics and Control (2) · Canadian Journal of Economics · Economic Inquiry · B.E. Journal of Macroeconomics · Economic Modelling · International Economic Journal · Virginia Social Science Journal · Contemporary Wales (University of Wales Press) · Economic Change and Restructuring · Bulletin of Economic Research (2) · Studies in Nonlinear Dynamics and Econometrics · Research in International Business and Finance · International Review of Financial Analysis · Open Economies Review (2) · Frontiers in Blockchain · International Review of Economics and Finance

Book reviewer

• 2016
  Chapter reviewer: Modern Labor Economics, Routledge
• 2012
  Chapter reviewer: The Cyprus Economy: Historical Review, Prospects, Challenges, eds. Athanasios Orphanides and George Syrichas, Central Bank of Cyprus

Affiliations and other

• Fellow
  Academy of Higher Education, United Kingdom
• Fellow
  Euro Area Business Cycle Network (EABCN)
• Affiliated
  Economic Research Forum, Koç University
• Member
  Julian Hodge Institute of Applied Macroeconomics
• 2022–2023
  Research leave, Cardiff University: study of the economics of cryptocurrencies
• 2008–2017
  Panelist for MSc students' presentations (IEBF/FE), Cardiff University: 2008, 2009, 2010, 2016, 2017
• 2005
  Research Assistant for Professor Christopher Otrok and Professor John James, University of Virginia

References

Available upon request.