Professor Tatiana Kirsanova
- Professor (Economics)
telephone:
01413308385
email:
Tatiana.Kirsanova@glasgow.ac.uk
room 207c, ASBS North, Gilbert Scott Building, Uinversity Avenue, Glasgow, G12 8QQ
Biography
Tatiana joined Economics at Glasgow in September 2011. She previously held positions at the University of Exeter and the National Institute of Economic and Social research, London. She holds degrees from the Moscow State University, London School of Economics and the University of Oxford.
Research interests
Tatiana is a member of the Macroeconomics research cluster.
Areas of expertise:
- Monetary Policy
- Fiscal Policy
- International Economics
- Computational Economics
Publications
2025
Blake, Andrew, Dennis, Richard ORCID: https://orcid.org/0000-0002-4972-1509 and Kirsanova, Tatiana
ORCID: https://orcid.org/0000-0002-1470-4311
(2025)
Multiple equilibria in the absence of commitment.
Oxford Review of Economic Policy,
(Accepted for Publication)
Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311, Leith, Campbell
ORCID: https://orcid.org/0000-0002-6406-2636, Machado, Celsa and Ribeiro, Ana Paula
(2025)
(Re)Evaluating recent macroeconomic policy in the US.
European Economic Review,
(Accepted for Publication)
Hashimzade, Nigar, Kirsanov, Oleg and Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311
(2025)
Integrating programming into the modern undergraduate economics curriculum.
International Review of Economics Education, 49,
100310.
(doi: 10.1016/j.iree.2025.100310)
Hashimzade, Nigar, Kirsanov, Oleg and Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311
(2025)
Integrating programming into the modern undergraduate economics curriculum.
Working Paper.
SSRN.
(doi: 10.2139/ssrn.5116076).
2024
Dennis, Richard ORCID: https://orcid.org/0000-0002-4972-1509 and Kirsanova, Tatiana
ORCID: https://orcid.org/0000-0002-1470-4311
(2024)
Policy biases in a model with labor market frictions.
Journal of Money, Credit and Banking,
(Accepted for Publication)
Hashimzade, Nigar, Kirsanov, Oleg, Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311 and Maih, Junior
(2024)
On Bayesian Filtering for Markov Regime Switching Models.
Working Paper.
University of Glasgow.
2023
Hashimzade, Nigar, Kirsanov, Oleg and Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311
(2023)
Distributional effects of endogenous discounting.
Mathematical Social Sciences, 122,
pp. 1-6.
(doi: 10.1016/j.mathsocsci.2023.01.003)
2021
Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311, Nolan, Charles
ORCID: https://orcid.org/0000-0002-7260-7472 and Shafiei Deh Abad, Maryam
(2021)
Deep recessions.
Economic Modelling, 96,
pp. 310-323.
(doi: 10.1016/j.econmod.2020.03.026)
2018
Himmels, Christoph and Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311
(2018)
Discretionary policy in a small open economy: exchange rate regimes and multiple equilibria.
Journal of Macroeconomics, 56,
pp. 53-64.
(doi: 10.1016/j.jmacro.2018.01.001)
Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311, Machado, Celsa and Ribeiro, Ana Paula
(2018)
Should the ECB coordinate EMU fiscal policies?
International Journal of Central Banking, 14(3),
pp. 237-280.
Dennis, Richard ORCID: https://orcid.org/0000-0002-4972-1509 and Kirsanova, Tatiana
ORCID: https://orcid.org/0000-0002-1470-4311
(2018)
Equilibrium coordination with discretionary policy making.
Economic Journal, 128(609),
pp. 710-727.
(doi: 10.1111/ecoj.12407)
2017
Chen, Xiaoshan, Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311 and Leith, Campbell
ORCID: https://orcid.org/0000-0002-6406-2636
(2017)
How optimal is US monetary policy?
Journal of Monetary Economics, 92,
pp. 96-111.
(doi: 10.1016/j.jmoneco.2017.09.009)
Chen, Xiaoshan, Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311 and Leith, Campbell
ORCID: https://orcid.org/0000-0002-6406-2636
(2017)
An empirical assessment of optimal monetary policy in the Euro area.
European Economic Review, 100,
pp. 95-115.
(doi: 10.1016/j.euroecorev.2017.07.012)
Bai, Yuting, Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311 and Leith, Campbell
ORCID: https://orcid.org/0000-0002-6406-2636
(2017)
Nominal targeting in an economy with government debt.
European Economic Review, 94,
pp. 103-125.
(doi: 10.1016/j.euroecorev.2017.02.011)
2016
Dennis, Richard ORCID: https://orcid.org/0000-0002-4972-1509 and Kirsanova, Tatiana
ORCID: https://orcid.org/0000-0002-1470-4311
(2016)
Computing Markov-perfect optimal policies in business-cycle models.
Macroeconomic Dynamics, 20(7),
pp. 1850-1872.
(doi: 10.1017/S1365100515000176)
2013
Himmels, C. and Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311
(2013)
Escaping expectation traps: how much commitment is required?
Journal of Economic Dynamics and Control, 37(3),
pp. 649-665.
(doi: 10.1016/j.jedc.2012.10.009)
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311 and le Roux, S.
(2013)
Commitment vs. discretion in the UK: An empirical investigation of the monetary and fiscal policy regime.
International Journal of Central Banking, 9(4),
pp. 99-151.
2012
Blake, A.P. and Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311
(2012)
Discretionary policy and multiple equilibria in LQ RE models.
Review of Economic Studies, 79(4),
pp. 1309-1339.
(doi: 10.1093/restud/rds002)
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311 and Wren-Lewis, S.
(2012)
Optimal fiscal feedback on debt in an economy with nominal rigidities.
Economic Journal, 122(559),
pp. 238-264.
(doi: 10.1111/j.1468-0297.2011.02458.x)
2011
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311 and Le Roux, S.D.
(2011)
Degree of Policy Precommitment in the UK: An Empirical Investigation of Monetary and Fiscal Policy Interactions.
Working Paper.
Social Science Research Network.
(doi: 10.2139/ssrn.1865456).
Himmels, C. and Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311
(2011)
Expectations Traps and Monetary Policy with Limited Commitment.
Working Paper.
Social Science Research Network.
(doi: 10.2139/ssrn.1772842).
Blake, A. and Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311
(2011)
Inflation conservatism and monetary-fiscal policy interactions.
International Journal of Central Banking, 7(2),
pp. 41-83.
2010
Dennis, R. and Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311
(2010)
Expectations Traps and Coordination Failures: Selecting Among Multiple Discretionary Equilibria.
Working Paper.
Social Science Research Network.
(doi: 10.2139/ssrn.1664924).
Blake, A.P., Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311 and Yates, A.
(2010)
The Gains from Delegation Revisited: Price-Level Targeting, Speed-Limit and Interest Rate Smoothing Policies.
Working Paper.
Social Science Research Network.
(doi: 10.2139/ssrn.1595714).
Fragetta, M. and Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311
(2010)
Strategic monetary and fiscal policy interactions: an empirical investigation.
European Economic Review, 54(7),
pp. 855-879.
(doi: 10.1016/j.euroecorev.2010.02.003)
2009
Himmels, C. and Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311
(2009)
The Interest Rate - Exchange Rate Nexus: Exchange Rate Regimes and Policy Equilibria.
Working Paper.
Social Science Research Network.
(doi: 10.2139/ssrn.1498447).
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311, Leith, C.
ORCID: https://orcid.org/0000-0002-6406-2636 and Wren-Lewis, S.
(2009)
Monetary and fiscal policy interaction: the current consensus assignment in the light of recent developments.
Economic Journal, 119(541),
F482-F496.
(doi: 10.1111/j.1468-0297.2009.02317.x)
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311, Vines, D. and Wren-Lewis, S.
(2009)
Inflation bias with dynamic phillips curves and impatient policy makers.
B.E. Journal of Macroeconomics, 9(1),
(doi: 10.2202/1935-1690.1731)
2007
Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311, Leith, Campbell
ORCID: https://orcid.org/0000-0002-6406-2636 and Wren-Lewis, Simon
(2007)
Optimal debt policy, and an institutional proposal to help in its implementation.
European Economy Economics Papers, 275,
pp. 269-296.
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311, Satchi, M., Vines, D. and Wren-Lewis, S.
(2007)
Optimal fiscal policy rules in a monetary union.
Journal of Money, Credit and Banking, 39(7),
pp. 1759-1784.
(doi: 10.1111/j.1538-4616.2007.00086.x)
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311 and Sefton, J.
(2007)
A comparison of national saving rates in the UK, US and Italy.
European Economic Review, 51(8),
pp. 1998-2028.
(doi: 10.1016/j.euroecorev.2007.01.005)
2006
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311, Leith, C and Wren-Lewis, S
(2006)
Should central banks target consumer prices or the exchange rate?
Economic Journal, 116(512),
F208-F231.
(doi: 10.1111/j.1468-0297.2006.01097.x)
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311, Leith, C.
ORCID: https://orcid.org/0000-0002-6406-2636 and Wren-Lewis, S.
(2006)
Optimal debt policy.
In: Ayuso-i-Casals, J., Deroose, S., Flores, E. and Moulin, L. (eds.)
The Role of Fiscal Rules and Institutions in Shaping Budgetary Outcomes.
Series: Economic Papers (275).
European Commission Directorate General for Economic and Financial Affairs: Brussels, pp. 269-296.
ISBN 9789279046285
2005
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311, Stehn, S.J. and Vines, D.
(2005)
The interactions between fiscal policy and monetary policy.
Oxford Review of Economic Policy, 21(4),
pp. 532-564.
(doi: 10.1093/oxrep/gri031)
2004
Blake, A. and Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311
(2004)
A note on timeless perspective policy design.
Economics Letters, 85(1),
pp. 9-16.
(doi: 10.1016/j.econlet.2004.03.009)
Articles
Blake, Andrew, Dennis, Richard ORCID: https://orcid.org/0000-0002-4972-1509 and Kirsanova, Tatiana
ORCID: https://orcid.org/0000-0002-1470-4311
(2025)
Multiple equilibria in the absence of commitment.
Oxford Review of Economic Policy,
(Accepted for Publication)
Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311, Leith, Campbell
ORCID: https://orcid.org/0000-0002-6406-2636, Machado, Celsa and Ribeiro, Ana Paula
(2025)
(Re)Evaluating recent macroeconomic policy in the US.
European Economic Review,
(Accepted for Publication)
Hashimzade, Nigar, Kirsanov, Oleg and Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311
(2025)
Integrating programming into the modern undergraduate economics curriculum.
International Review of Economics Education, 49,
100310.
(doi: 10.1016/j.iree.2025.100310)
Dennis, Richard ORCID: https://orcid.org/0000-0002-4972-1509 and Kirsanova, Tatiana
ORCID: https://orcid.org/0000-0002-1470-4311
(2024)
Policy biases in a model with labor market frictions.
Journal of Money, Credit and Banking,
(Accepted for Publication)
Hashimzade, Nigar, Kirsanov, Oleg and Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311
(2023)
Distributional effects of endogenous discounting.
Mathematical Social Sciences, 122,
pp. 1-6.
(doi: 10.1016/j.mathsocsci.2023.01.003)
Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311, Nolan, Charles
ORCID: https://orcid.org/0000-0002-7260-7472 and Shafiei Deh Abad, Maryam
(2021)
Deep recessions.
Economic Modelling, 96,
pp. 310-323.
(doi: 10.1016/j.econmod.2020.03.026)
Himmels, Christoph and Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311
(2018)
Discretionary policy in a small open economy: exchange rate regimes and multiple equilibria.
Journal of Macroeconomics, 56,
pp. 53-64.
(doi: 10.1016/j.jmacro.2018.01.001)
Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311, Machado, Celsa and Ribeiro, Ana Paula
(2018)
Should the ECB coordinate EMU fiscal policies?
International Journal of Central Banking, 14(3),
pp. 237-280.
Dennis, Richard ORCID: https://orcid.org/0000-0002-4972-1509 and Kirsanova, Tatiana
ORCID: https://orcid.org/0000-0002-1470-4311
(2018)
Equilibrium coordination with discretionary policy making.
Economic Journal, 128(609),
pp. 710-727.
(doi: 10.1111/ecoj.12407)
Chen, Xiaoshan, Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311 and Leith, Campbell
ORCID: https://orcid.org/0000-0002-6406-2636
(2017)
How optimal is US monetary policy?
Journal of Monetary Economics, 92,
pp. 96-111.
(doi: 10.1016/j.jmoneco.2017.09.009)
Chen, Xiaoshan, Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311 and Leith, Campbell
ORCID: https://orcid.org/0000-0002-6406-2636
(2017)
An empirical assessment of optimal monetary policy in the Euro area.
European Economic Review, 100,
pp. 95-115.
(doi: 10.1016/j.euroecorev.2017.07.012)
Bai, Yuting, Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311 and Leith, Campbell
ORCID: https://orcid.org/0000-0002-6406-2636
(2017)
Nominal targeting in an economy with government debt.
European Economic Review, 94,
pp. 103-125.
(doi: 10.1016/j.euroecorev.2017.02.011)
Dennis, Richard ORCID: https://orcid.org/0000-0002-4972-1509 and Kirsanova, Tatiana
ORCID: https://orcid.org/0000-0002-1470-4311
(2016)
Computing Markov-perfect optimal policies in business-cycle models.
Macroeconomic Dynamics, 20(7),
pp. 1850-1872.
(doi: 10.1017/S1365100515000176)
Himmels, C. and Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311
(2013)
Escaping expectation traps: how much commitment is required?
Journal of Economic Dynamics and Control, 37(3),
pp. 649-665.
(doi: 10.1016/j.jedc.2012.10.009)
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311 and le Roux, S.
(2013)
Commitment vs. discretion in the UK: An empirical investigation of the monetary and fiscal policy regime.
International Journal of Central Banking, 9(4),
pp. 99-151.
Blake, A.P. and Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311
(2012)
Discretionary policy and multiple equilibria in LQ RE models.
Review of Economic Studies, 79(4),
pp. 1309-1339.
(doi: 10.1093/restud/rds002)
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311 and Wren-Lewis, S.
(2012)
Optimal fiscal feedback on debt in an economy with nominal rigidities.
Economic Journal, 122(559),
pp. 238-264.
(doi: 10.1111/j.1468-0297.2011.02458.x)
Blake, A. and Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311
(2011)
Inflation conservatism and monetary-fiscal policy interactions.
International Journal of Central Banking, 7(2),
pp. 41-83.
Fragetta, M. and Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311
(2010)
Strategic monetary and fiscal policy interactions: an empirical investigation.
European Economic Review, 54(7),
pp. 855-879.
(doi: 10.1016/j.euroecorev.2010.02.003)
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311, Leith, C.
ORCID: https://orcid.org/0000-0002-6406-2636 and Wren-Lewis, S.
(2009)
Monetary and fiscal policy interaction: the current consensus assignment in the light of recent developments.
Economic Journal, 119(541),
F482-F496.
(doi: 10.1111/j.1468-0297.2009.02317.x)
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311, Vines, D. and Wren-Lewis, S.
(2009)
Inflation bias with dynamic phillips curves and impatient policy makers.
B.E. Journal of Macroeconomics, 9(1),
(doi: 10.2202/1935-1690.1731)
Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311, Leith, Campbell
ORCID: https://orcid.org/0000-0002-6406-2636 and Wren-Lewis, Simon
(2007)
Optimal debt policy, and an institutional proposal to help in its implementation.
European Economy Economics Papers, 275,
pp. 269-296.
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311, Satchi, M., Vines, D. and Wren-Lewis, S.
(2007)
Optimal fiscal policy rules in a monetary union.
Journal of Money, Credit and Banking, 39(7),
pp. 1759-1784.
(doi: 10.1111/j.1538-4616.2007.00086.x)
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311 and Sefton, J.
(2007)
A comparison of national saving rates in the UK, US and Italy.
European Economic Review, 51(8),
pp. 1998-2028.
(doi: 10.1016/j.euroecorev.2007.01.005)
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311, Leith, C and Wren-Lewis, S
(2006)
Should central banks target consumer prices or the exchange rate?
Economic Journal, 116(512),
F208-F231.
(doi: 10.1111/j.1468-0297.2006.01097.x)
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311, Stehn, S.J. and Vines, D.
(2005)
The interactions between fiscal policy and monetary policy.
Oxford Review of Economic Policy, 21(4),
pp. 532-564.
(doi: 10.1093/oxrep/gri031)
Blake, A. and Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311
(2004)
A note on timeless perspective policy design.
Economics Letters, 85(1),
pp. 9-16.
(doi: 10.1016/j.econlet.2004.03.009)
Book Sections
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311, Leith, C.
ORCID: https://orcid.org/0000-0002-6406-2636 and Wren-Lewis, S.
(2006)
Optimal debt policy.
In: Ayuso-i-Casals, J., Deroose, S., Flores, E. and Moulin, L. (eds.)
The Role of Fiscal Rules and Institutions in Shaping Budgetary Outcomes.
Series: Economic Papers (275).
European Commission Directorate General for Economic and Financial Affairs: Brussels, pp. 269-296.
ISBN 9789279046285
Research Reports or Papers
Hashimzade, Nigar, Kirsanov, Oleg and Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311
(2025)
Integrating programming into the modern undergraduate economics curriculum.
Working Paper.
SSRN.
(doi: 10.2139/ssrn.5116076).
Hashimzade, Nigar, Kirsanov, Oleg, Kirsanova, Tatiana ORCID: https://orcid.org/0000-0002-1470-4311 and Maih, Junior
(2024)
On Bayesian Filtering for Markov Regime Switching Models.
Working Paper.
University of Glasgow.
Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311 and Le Roux, S.D.
(2011)
Degree of Policy Precommitment in the UK: An Empirical Investigation of Monetary and Fiscal Policy Interactions.
Working Paper.
Social Science Research Network.
(doi: 10.2139/ssrn.1865456).
Himmels, C. and Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311
(2011)
Expectations Traps and Monetary Policy with Limited Commitment.
Working Paper.
Social Science Research Network.
(doi: 10.2139/ssrn.1772842).
Dennis, R. and Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311
(2010)
Expectations Traps and Coordination Failures: Selecting Among Multiple Discretionary Equilibria.
Working Paper.
Social Science Research Network.
(doi: 10.2139/ssrn.1664924).
Blake, A.P., Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311 and Yates, A.
(2010)
The Gains from Delegation Revisited: Price-Level Targeting, Speed-Limit and Interest Rate Smoothing Policies.
Working Paper.
Social Science Research Network.
(doi: 10.2139/ssrn.1595714).
Himmels, C. and Kirsanova, T. ORCID: https://orcid.org/0000-0002-1470-4311
(2009)
The Interest Rate - Exchange Rate Nexus: Exchange Rate Regimes and Policy Equilibria.
Working Paper.
Social Science Research Network.
(doi: 10.2139/ssrn.1498447).
Grants
Australia Discovery Grant 2011, 120,000 Australian dollars.
Supervision
Professor Kirsanova is interested in supervising PhD researchers in the areas of Monetary Economics, International Economics, Macroeconomic control policies.
- Fang, Yizheng
Topics in Macroeconomics - Masst, Oyvind
Housing Markets and the Macro Economy
Teaching
Postgraduate
Monetary Policy and the Role of Central Banks, PGT, University of Glasgow Numerical Methods, PhD, University of Glasgow.
Undergraduate
Money and Banking, 3d year course (UG), University of Exeter, Macroeconomics, 2nd year course (UG), University of Exeter, Macroeconomic Modelling, PGT, University of Exeter, Economics of business I and II, Honours course (UG), University of Glasgow, Economics 2B (UG), University of Glasgow.