Macroeconomics
We are interested in all aspects of modern macroeconomics, from DSGE modelling and applied time series analysis to methodological advancements, with relevance for both policymakers and academic researchers.
About our work
Our research spans most subfields of macroeconomics and in particular:
- Monetary and fiscal policy,
- International macroeconomics,
- Heterogeneity,
- Macro-labour,
- Business cycles,
- Macro-finance.
Our activities
We organise the annual Sheffield Workshop in Macroeconomics, bringing together academics and policymakers each spring to discuss recent advances and foster collaboration.
Throughout the year, we host macroeconomists from academic, policy, and private-sector backgrounds, who visit our School to deliver seminars and guest lectures.
As part of our School’s Ph.D. programme, we train economists, with roughly half of our candidates coming from central banks and governments worldwide.
We are always keen to collaborate with external colleagues and partners on emerging research avenues and pressing policy challenges.
See events from the cluster and across the school.
Get involved with our work
The Macroeconomics cluster is led by Mallory Yeromonahos.
Our group includes researchers at all levels, from established professors to early career researchers and PhD students.
We welcome enquiries from researchers within and beyond academia. Please reach out to Mallory to explore engagement opportunities or if you would like to know more about our activities.
Academic staff
PhD Students
Yiming Zha
Guanyu Sh
Abdul H Asfarangga
- Representative publications
Corbellini, S.M (2025), Optimal Monetary and Transfer Policy in a Liquidity Trap. Journal of Money, Credit and Banking.
Naraidoo R & Juan Paez-Farrell (2023) Commodity price shocks, labour market dynamics and monetary policy in small open economies. Journal of Economic Dynamics and Control.
Bingsong Wang (2023) The fundamental surplus revisited. Review of Economic Dynamics.
Ellington, M., Martin C. and Bingsong Wang (2023) Revisiting real wage rigidity. Journal of Money, Credit and Banking.
Görtz C, McGowan D & Mallory Yeromonahos (2023) Furlough and Household Financial Distress during the COVID-19 Pandemic. Oxford Bulletin of Economics and Statistics.
Görtz, C., and Mallory Yeromonahos (2022). Asymmetries in risk premia, macroeconomic uncertainty and business cycles. Journal of Economic Dynamics and Control.
Ilori, A, Juan Paez-Farrell and Christoph Thoenissen (2022). Fiscal policy shocks and international spillovers. European Economic Review.
Long IW and Vito Polito (2022). Job Search, Unemployment Protection and Informal Work. Oxford Economic Papers.
Chisiridis, K. Konstantinos Mouratidis. and Panagiotidis, T. (2022). The North-South Divide, the Euro and the World, Journal of International Money and Finance.
Montagnoli, A. Konstantinos Mouratidis. and K. Whyte (2021). Assessing the Cyclical Behaviour of Bank Capital Buffers in a Finance-augmented Macro-Economy. Journal of International Money and Finance.