Professor John Tsoukalas

  • Professor of Economics (Economics)

Biography

John Tsoukalas joined the Adam Smith Business School in August 2011. He previously held positions at the University of Nottingham and served as an economist at the Bank of England. He holds an undergraduate degree from the Athens University of Economics and Business and a PhD degree from the University of Maryland, USA.

Curriculum vitae: John D Tsoukalas (pdf, 103kb)


Research interests

John is a member of the Macroeconomics research cluster.

Areas of expertise:

  • Macroeconomics
  • Finance
  • Applied Econometrics  
  • Financial Economics  
  • Monetary Economics

Publications

List by: Type | Date

Jump to: 2018 | 2017 | 2013 | 2012 | 2011 | 2010 | 2006 | 2004
Number of items: 15.

2018

Tsoukalas, J. and Görtz, C. (2018) Sectoral TFP news shocks. Economics Letters, 168, pp. 31-36. (doi: 10.1016/j.econlet.2018.03.001)

2017

Görtz, C. and Tsoukalas, J. (2017) News and financial intermediation in aggregate fluctuations. Review of Economics and Statistics, 99(3), pp. 514-530. (doi: 10.1162/REST_a_00612)

Tsoukalas, J. , Tsoukas, S. and Guariglia, A. (2017) To what extent are savings-cash flow sensitivities informative to test for capital market imperfections? Review of Finance, 21(3), pp. 1251-1285. (doi: 10.1093/rof/rfw043)

2013

Khan, H. and Tsoukalas, J. (2013) Effects of productivity shocks on hours worked: UK evidence. B.E. Journal of Macroeconomics, 13(1), (doi: 10.1515/bejm-2012-0056)

Görtz, C. and Tsoukalas, J. (2013) Learning, capital-embodied technology and aggregate fluctuations. Review of Economic Dynamics, 16(4), pp. 708-723. (doi: 10.1016/j.red.2012.04.003)

2012

Guariglia, A., Tsoukalas, J. and Tsoukas, S. (2012) Investment, irreversibility, and financing constraints: Evidence from a panel of transition economies. Economics Letters, 117(3), pp. 582-584. (doi: 10.1016/j.econlet.2012.07.031)

Khan, H. and Tsoukalas, J. (2012) The quantitative importance of news shocks in estimated DSGE models. Journal of Money, Credit and Banking, 44(8), pp. 1535-1561. (doi: 10.1111/j.1538-4616.2012.00543.x)

2011

Tsoukalas, J. (2011) Input and output inventories in the UK. Economica, 78(311), pp. 460-479. (doi: 10.1111/j.1468-0335.2009.00829.x)

Tsoukalas, J.D. (2011) Time to build capital: revisiting investment-cash-flow sensitivities. Journal of Economic Dynamics and Control, 35(7), pp. 1000-1016. (doi: 10.1016/j.jedc.2010.12.009)

Arghyrou, M.G. and Tsoukalas, J.D. (2011) The Greek debt crisis: likely causes, mechanics and outcomes. World Economy, 34(2), pp. 173-191. (doi: 10.1111/j.1467-9701.2011.01328.x)

Khan, H. and Tsoukalas, J.D. (2011) Investment shocks and the comovement problem. Journal of Economic Dynamics and Control, 35(1), pp. 115-130. (doi: 10.1016/j.jedc.2010.09.004)

2010

Arestis, P., Chortareas, G. and Tsoukalas, J.D. (2010) Money and information in a New Neoclassical Synthesis framework. Economic Journal, 120(542), F101-F128. (doi: 10.1111/j.1468-0297.2009.02339.x)

2006

Tsoukalas, J.D. (2006) Financing constraints and firm inventory investment: a reexamination. Economics Letters, 90(2), pp. 266-271. (doi: 10.1016/j.econlet.2005.08.012)

Tsoukalas, J. and Elder, R. (2006) Investing in inventories. Bank of England Quarterly Bulletin, 2006(Summer),

2004

Tsoukalas, J.D. (2004) Can a sunspot driven model replicate recognizable business cycles? Ekonomia, 7(2), pp. 89-120.

This list was generated on Fri Jun 5 04:43:09 2020 BST.
Jump to: Articles
Number of items: 15.

Articles

Tsoukalas, J. and Görtz, C. (2018) Sectoral TFP news shocks. Economics Letters, 168, pp. 31-36. (doi: 10.1016/j.econlet.2018.03.001)

Görtz, C. and Tsoukalas, J. (2017) News and financial intermediation in aggregate fluctuations. Review of Economics and Statistics, 99(3), pp. 514-530. (doi: 10.1162/REST_a_00612)

Tsoukalas, J. , Tsoukas, S. and Guariglia, A. (2017) To what extent are savings-cash flow sensitivities informative to test for capital market imperfections? Review of Finance, 21(3), pp. 1251-1285. (doi: 10.1093/rof/rfw043)

Khan, H. and Tsoukalas, J. (2013) Effects of productivity shocks on hours worked: UK evidence. B.E. Journal of Macroeconomics, 13(1), (doi: 10.1515/bejm-2012-0056)

Görtz, C. and Tsoukalas, J. (2013) Learning, capital-embodied technology and aggregate fluctuations. Review of Economic Dynamics, 16(4), pp. 708-723. (doi: 10.1016/j.red.2012.04.003)

Guariglia, A., Tsoukalas, J. and Tsoukas, S. (2012) Investment, irreversibility, and financing constraints: Evidence from a panel of transition economies. Economics Letters, 117(3), pp. 582-584. (doi: 10.1016/j.econlet.2012.07.031)

Khan, H. and Tsoukalas, J. (2012) The quantitative importance of news shocks in estimated DSGE models. Journal of Money, Credit and Banking, 44(8), pp. 1535-1561. (doi: 10.1111/j.1538-4616.2012.00543.x)

Tsoukalas, J. (2011) Input and output inventories in the UK. Economica, 78(311), pp. 460-479. (doi: 10.1111/j.1468-0335.2009.00829.x)

Tsoukalas, J.D. (2011) Time to build capital: revisiting investment-cash-flow sensitivities. Journal of Economic Dynamics and Control, 35(7), pp. 1000-1016. (doi: 10.1016/j.jedc.2010.12.009)

Arghyrou, M.G. and Tsoukalas, J.D. (2011) The Greek debt crisis: likely causes, mechanics and outcomes. World Economy, 34(2), pp. 173-191. (doi: 10.1111/j.1467-9701.2011.01328.x)

Khan, H. and Tsoukalas, J.D. (2011) Investment shocks and the comovement problem. Journal of Economic Dynamics and Control, 35(1), pp. 115-130. (doi: 10.1016/j.jedc.2010.09.004)

Arestis, P., Chortareas, G. and Tsoukalas, J.D. (2010) Money and information in a New Neoclassical Synthesis framework. Economic Journal, 120(542), F101-F128. (doi: 10.1111/j.1468-0297.2009.02339.x)

Tsoukalas, J.D. (2006) Financing constraints and firm inventory investment: a reexamination. Economics Letters, 90(2), pp. 266-271. (doi: 10.1016/j.econlet.2005.08.012)

Tsoukalas, J. and Elder, R. (2006) Investing in inventories. Bank of England Quarterly Bulletin, 2006(Summer),

Tsoukalas, J.D. (2004) Can a sunspot driven model replicate recognizable business cycles? Ekonomia, 7(2), pp. 89-120.

This list was generated on Fri Jun 5 04:43:09 2020 BST.

Grants

Leverhulme Trust research grant (2014-2017, Principal Investigator): ''Where is the News in Business Cycles: A New Approach with Novel Methodologies'' £ 120,000.

British Academy research grant (2015-2017): ''The interaction between investment and inventories in the UK and European economies: new evidence and lessons from the financial crisis'' £ 10,000.

British Academy research grant (2008-2010): ''New Approaches in Modelling UK Business Cycles'' £6,800.

British Academy research grant (2011-2013): ''On the dynamics of investment and the sources of business cycles in multisector macroeconomic models'' £ 3,750.


Supervision

Current PhD students

Miguel Herculano (October 2015-ongoing)
Title: Systemic Risk Indicators

Shane Lowe (October 2015-ongoing)
Title: Monetary Policy in small open economies Xiao Zhang (October 2013-ongoing)
Title: Essays in Corporate Finance

Zhixiao Wang (October 2013-ongoing)
Title: Financing Constraints and Corporate Investment in China Ioannis Tsafos (October 2013-ongoing)
Title: Essays on Heterogeneous Agents Models


Teaching

Postgraduate: Financial Sector Stability and Growth (MSc), Advanced Macroeconomics (MSc and PhD), Investment, Finance and Asset Prices (MSc).

Undergraduate: International Finance, Government and the Economy.


Additional information

Selected Working papers

1. News Shocks and Business Cycles: Bridging the Gap from Different Methodologies (co-author, C. Gortz)

2. Optimal Bailouts of Systemic Banks (co-authors, Charles Nolan and Plutarchos Sakellaris)

3. News and Financial Intermediation in Aggregate Fluctuations (co-author, C. Gortz)

4. Separating News from Noise in VARs (co-author D. Korobilis, Luca Gambetti and Francesco Zanetti)

5. Political Economics of Fiscal Consolidations and External Sovereign Accidents (co-authors, C. Achury and C. Koulovatianos)

6. Investment and Inventory Dynamics: Evidence on Interactions (co-author, C. Gortz)

7. The Importance of Signals of Quality for Corporate US bond Issuers: Some New Evidence

 (co-authors, P. Mizen and S. Tsoukas)

8. The Time-Varying Nature of News Shocks (co-author D. Korobilis, Luca Gambetti and Francesco Zanetti)

External Roles

Elected executive committee member, International Society for Inventory Research.

Research Affiliate, CES-ifo Research Networ

Member, Euro Area Business Cycle Network

External Research Fellow, Centre for Finance, Credit and Macroeconomics (Nottingham School of Economics).

Visiting research scholar, Dept. of Economics, Johns Hopkins University (Spring 2011)

Visiting research scholar, Federal Reserve Bank of Richmond (Spring 2012)

Visiting research scholar, Federal Reserve Bank of San Francisco (Spring 2012)



John Tsoukalas

Room 307A, Gilbert Scott Building, Glasgow G12 8QQ,