Staff profile


Dr Richard McManus

Director of Research Development

School: Christ Church Business School

Campus: Canterbury

Tel: 01227 923188

Profile summary

I am an active researcher in the areas of macroeconomics currently focusing on the theoretical and empirical effectiveness of fiscal policy and its redistributional consequences. A graduate of the University of York with a BSc in Economics, I went on to qualify as a Chartered Accountant with Ernst & Young. Since then I have graduated with an MSc in Economics from the University of York and have recently completed my Ph.D. from there also. Since then, I have been at Christ Church Business School from August 2013. 

Research and knowledge exchange

I am an active researcher and have a general interest in all of Economics. My current research is grounded in the theoretical and empirical effectiveness of fiscal policy and its redistributional consequences, frequently using dynamic stochastic general equilibrium models. Current working papers consider the recent financial crisis and subsequent economic slowdown covering topics such as: the ‘austerity versus stimulus’ debate; fiscal policy at the monetary policy zero lower bound; and the empirical consequences of fiscal procyclicality.

Teaching and subject expertise

My current teaching is in the areas of economics, econmetrics, financial accounting and Taxation. In the past I have also taught in the areas of advanced microeconomics and advanced macroeconomics as well as British economic history and in financial reporting and management accounting.

I have first-supervised one Ph.D. student (Kira Shevchenko: UK pension fund manager governance: agent fiduciary duties to the principal) to viva completion. 

In 2016 I won the University Teaching Fellowship award for innovation, an award recognising teaching excellence for the work performed in encouraging greater engagement through the use of weekly podcasts.

In 2016 I won the Canterbury Christ Church Student Union ‘Golden Apple’ award for the Faculty of Social and Applied sciences. This annual award is given by the students to reward academic staff who exhibit exceptional teaching. In 2018 I won the 'Golden Apple' award for 'Expect Respect', again nominated by the students. 

External activities

Conference presentations

‘Expansionary contractions and fiscal free lunches: too good to be true?’ at the University of Kent Research Seminar Series, March 2017. 

‘Noisy multipliers: the role of randomness in measuring the impact of fiscal policy’ at the Money, Macro and Finance Conference at Cardiff University, September 2015. 

‘Assessment timing: student preferences and its impact on performance’ at both the Assessment in Higher Education Conference and the Developments in Economics Education Conference, September 2015.

‘Revealing students’ preferences towards sustainable development in Higher Education’ at the Learning from the Sharp End Conference, September 2015.

‘What Makes the Grade?’, Higher Education Race Action Group Think Tank, June 2015 and Closing the Gap, June 2016. 

'Self-defeating austerity at the zero lower bound’ at the Money, Macro and Finance Conference at Durham University, September 2014. 

‘Austerity versus stimulus: a political economy explanation’, European Macroeconomics Workshop, London School of Economics, 20th June 2013; Royal Economic Society Annual Conferemce, Royal Holloway University, 3rd April 2013; White Rose DTC Conference, University of York, 22nd March 2013.

‘”We’re all in this together”: A DSGE study of the effects of recession’, Credit Where Due, University of Cambridge, 3rd September 2012; White Rose DTC Conference, Leeds University, 23rd March 2012.  

`Who is afraid of austerity? The redistributive impact of fiscal policy in a DSGE framework', Roayl Economic Society Annual Conference, Manchest University, 9th April 2014; Questioning Austerity: Realities and Alternatives, University of York, 1st May 2014.

Media engagement and technical reports

McManus, R., Mumford, K. and Sechel, C. (2016). ‘The Selection of Economics Lecturers into the 2014 Research Excellence Framework Exercise Royal Economic Society Womens Committee Report’ (available from Royal Economic Society).

Carter, J. and McManus, R. (2016) ‘The data is in: black Strictly contestants are more likely to be voted off’, The Guardian Newspaper.

Work with Gulcin Ozkan, ‘Who does better for the economy? Presidents versus parliamentary democracies’ has been cited in a variety of Turkish newspapers and blogs including Hurriyet and Sozcu among many others, as well as on Turkish Bloomberg television.

Publications and research outputs

McManus, R., Ozkan, G. and Trzeciakiewicz, D. (2019). `Fiscal consolidations and distributional effects: what fiscal austerity is least bad?' forthcoming in Oxford Economic Papers.

McManus, R., Ozkan, G. and Trzeciakiewicz, D. (2018). ‘Why are fiscal multipliers countercyclical?The role of credit constraints’, forthcoming in Economica.

McManus, R., and Ozkan, G. (2018). `Who does better for the economy? Presidents versus parliamentary democracies', Public Choice, 176(3), 361-387.

McManus, R., Ozkan, G and Trzeciakiewicz, D (2019). ‘Expansionary contractions and fiscal free lunches: too good to be true?', forthcoming in Scandinavian Journal of Economics.

McManus, R., (2018). `Fiscal trade-offs: the relationship between output and debt in policy interventions', The Manchester School, 86, 50-82.

McManus, R. (2015). ‘Austerity versus stimulus: the polarizing effect of fiscal policy’, Oxford Economics Papers, 67(3), 581-597.

McManus, R., Ozkan, F.G. (2015). ‘On the consequences of procyclical fiscal policy’ (2015), Fiscal Studies, 36(1), 29-50.

McManus, R., Haddock-Fraser, J., and Rands, P. (2017) ‘A methodology to understand student choice of Higher Education Institutions: The case of the UK’, forthcoming in Journal of Higher Education Policy and Management.

McManus, R. (2016). ‘Assessment timing: student preferences and its impact on performance’; Practitioner Research in Higher Education Journal, 10(1), 203–16.

Shevchenko, K., McManus, R. and Haddock-Fraser, J. (2015). ‘UK pension sustainability and fund manager governance: agent duties to the principal’ Journal of Sustainable Finance and Investment, 54(4), 205-209.


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Last edited: 05/12/2017 07:57:00