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Research at St Andrews

Ozge Senay


Ozge Senay
Postal address:
School of Economics & Finance
The Scores
St Andrews
United Kingdom


Web address:

Direct phone: +44 (0)1334 462422

Research overview

Ozge researches international macroeconomics, finance and monetary economics and analyses the interactions between financial markets and the design of welfare-maximising monetary policy. Recent papers investigate the ways in which the structure of financial markets and imperfections in the workings of financial markets, affect the links between portfolio choice, monetary policy and welfare. Ozge uses newly-developed solution techniques to understand how the endogenous allocation of international portfolios across assets affects the optimal design of monetary policy. These are important questions that are of vital interest to policymakers reacting to macroeconomic shocks such as recent financial crises.

PhD research projects available

1. What are the implications of different financial structures on the design and conduct of optimal monetary policy under different financial market structures? 2. How can endogenous price setting alter monetary policy, when the economy is subject to real and financial shocks? 3. An analysis of different financial market frictions on the design of conventional and unconventional monetary policy. 4. The welfare effects of exchange rate regime choice under different goods and financial market structures. 5. An analysis of the effects of asymmetric information in financial markets on optimal monetary policy.

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