Prof Alan Sutherland

Professor

Researcher profile

Phone

+44 (0)1334 46 2446

Email

ajs10@st-andrews.ac.uk

 

Research areas

Alan is interested in the economic and policy implications of international financial markets. He has worked extensively on models of exchange-rate determination and exchange rate crises. An important theme in this research is the analysis of the macroeconomic and welfare implications of different exchange rate and monetary policy regimes. His most recent work focuses on the cross-country economic linkages created by increased financial market integration. In collaboration with co-authors, Alan has developed efficient numerical techniques for analysing international asset trade and portfolio allocation in multi-country general equilibrium models. This work sheds light on the role of international financial flows in transmitting economic shocks between countries.

Selected publications

• Open access

  Optimal monetary policy, exchange rate misalignments and incomplete financial markets

  Senay, O. & Sutherland, A. J., Mar 2019, In: Journal of International Economics. 117, p. 196-208 13 p.

  Research output: Contribution to journal › Article › peer-review

• Open access

  Country Portfolios, collateral constraints and optimal monetary policy

  Senay, O. & Sutherland, A. J., 29 Jan 2016, St Andrews: University of St Andrews, p. 1-32, 32 p. (School of Economics & Finance Discussion Paper ; no. 1604).

  Research output: Working paper › Discussion paper

• International risk sharing and portfolio choice with non-separable preferences

  Küçük, H. & Sutherland, A. J., Jun 2015, London: Centre for Economic Policy Research, 35 p. (CEPR Discussion Papers; no. DP10724).

  Research output: Working paper

• Open access

  Local currency pricing, foreign monetary shocks and exchange rate policy

  Senay, O. & Sutherland, A., 1 Sept 2015, In: Open Economies Review. 26, 4, p. 633-661

  Research output: Contribution to journal › Article › peer-review

• Open access

  Endogenous price flexibility and optimal monetary policy

  Senay, O. & Sutherland, A., Oct 2014, In: Oxford Economic Papers. 66, 4, p. 1121-1144 24 p.

  Research output: Contribution to journal › Article › peer-review

• Open access

  Nominal Stability and Financial Globalization

  Devereux, M. B., Senay, O. & Sutherland, A., Aug 2014, In: Journal of Money, Credit and Banking. 46, 5, p. 921-959 39 p.

  Research output: Contribution to journal › Article › peer-review

• Open access

  The timing of asset trade and optimal policy in dynamic open economies

  Senay, O. & Sutherland, A., Dec 2013, In: Macroeconomic Dynamics. 17, 8, p. 1543-1573 31 p.

  Research output: Contribution to journal › Article › peer-review

• Country portfolios in open economy macro-models

  Devereux, M. B. & Sutherland, A., Apr 2011, In: Journal of the European Economic Association. 9, 2, p. 337-369 33 p.

  Research output: Contribution to journal › Article › peer-review

• Evaluating international financial integration under leverage constraints

  Devereux, M. B. & Sutherland, A., Apr 2011, In: European Economic Review. 55, 3, p. 427-442 16 p.

  Research output: Contribution to journal › Article › peer-review

• Country portfolio dynamics

  Devereux, M. B. & Sutherland, A., Jul 2010, In: Journal of Economic Dynamics and Control. 34, 7, p. 1325-1342 18 p.

  Research output: Contribution to journal › Article › peer-review

 

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