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.

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.