• KY16 9AL

    United Kingdom

Accepting Postgraduate Research Students

PhD projects

1. What can the impact of shocks to the term structure tell us about monetary policy preferences?
2. How does the existence of the effective lower bound on interest rates influence the term structure?
3. Do common macroeconomic factors influence international stock markets?

Personal profile

Research overview

Peter’s research areas are largely within monetary and financial economics. His main research focus is on the term structure of interest rates (the relationship between interest rates or bond yields that differ only in their term to maturity). Peter also works on aspects of monetary policy (for example the extent to which inflation targeting central banks have lower inflation outcomes). He also researches into the impact of macroeconomic factors on asset prices.

Research interests

The term structure of interest rates, including tests of the expectations hypothesis and the impact on the term structure of policy shocks; The influence of central bank behaviour on inflation and growth outcomes; The impact upon stock markets of changes in macroeconomic conditions.

Academic/Professional Qualification

MA (Hons); MSc; PhD

Expertise related to UN Sustainable Development Goals

In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person’s work contributes towards the following SDG(s):

  • SDG 8 - Decent Work and Economic Growth


Dive into the research topics where Peter Macmillan is active. These topic labels come from the works of this person. Together they form a unique fingerprint.
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Collaborations and top research areas from the last five years

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