Punnoose Jacob

Biography

Punnoose (alias Reuben) is a Senior Adviser in the Research and Analytics team in the Economics Directorate. 

After five years of university in India, he travelled to the Netherlands to pursue an MSc in Economics from Tilburg University, and then to Belgium for his doctoral degree at Ghent University.  Punnoose was also a PhD intern at the National Bank of Belgium in 2008-09. After defending the doctoral dissertation in 2010, Punnoose pursued two years of post-doctoral research at Ghent and at the Chair of International Finance, École Polytechnique Fédérale de Lausanne in Switzerland. He moved to Wellington in 2012.

Email: [email protected]

Current research interests

• International Macroeconomics

Publications

• Bayarmagnai, G and Jacob, P (2024). A Bernanke-Blanchard model decomposition of New Zealand inflation: The pandemic and beyond. Reserve Bank of New Zealand Analytical Note AN2024/03 (June).
• Alanya-Beltran, W, Brennan, M and Jacob, P (2024). The resurgence of the New Zealand Phillips curve. Reserve Bank of New Zealand Analytical Note AN2024/02 (June).
• Herculano, M and Jacob, P (2023). Financial Condition Indices in an Incomplete Data Environment. Studies in Nonlinear Dynamics & Econometrics. 
• Brunton, M and Jacob, P (2022). New Zealand house prices and the decline in longer-term financing costs. Reserve Bank of New Zealand Analytical Note AN2022/10 (June).
• Chadwick, M, Dasgupta, K and Jacob, P (2022). Housing supply, house prices and monetary policy. Reserve Bank of New Zealand Analytical Note AN2022/08 (June).
• Jacob, P and Fitchett, H (2022). How do we stack up? The New Zealand housing market in the international context. Reserve Bank of New Zealand Analytical Note AN2022/06 (June).
• Jacob, P and Özbilgin, M (2021). Welfare gains in a small open economy with a dual mandate for monetary policy. CAMA Working Paper, vol. 89/2021 (October).
• Culling, J, Jacob, P and Bernhard, S (2020). Has the Reserve Bank responded differently to upturns and downturns in inflation and economic activity?. Reserve Bank of New Zealand Analytical Note AN2020/06 (September).
• Culling, J, Jacob, P, Richardson, A, Truong, E and Vehbi, T (2019). Have the effects of monetary policy on inflation and economic activity in New Zealand changed over time?. Reserve Bank of New Zealand Analytical Note AN2019/10 (August).
• Jacob, P and Uusküla, L (2019). Deep habits and exchange rate pass-through. Journal of Economic Dynamics and Control, vol. 105 (August), pp. 67-89.
• Jacob, P and Robinson, F (2019). Suite as! Augmenting the Reserve Bank’s output gap indicator suite. Reserve Bank of New Zealand Analytical Note AN2019/08 (June).
• Jacob, P and van Florenstein Mulder, T (2019). The flattening of the Phillips curve: Rounding up the suspects. Reserve Bank of New Zealand Analytical Note AN2019/06 (May).
• Jacob, P and Wadsworth, A (2018). Estimated policy rules for two monetary regimes: Flexible inflation targeting versus a dual mandate. Reserve Bank of New Zealand Analytical Note AN2018/11 (November).
• Jacob, P and Munro, A (2018). A prudential stable funding requirement and monetary policy in a small open economy. Journal of Banking and Finance, vol. 94(C), pp. 89-106.
• Jacob, P and Wong, M (2018). Estimating the NAIRU and the natural rate of unemployment for New Zealand. Reserve Bank of New Zealand Analytical Note AN2018/04 (March).
• Jacob, P (2015). Deep habits, price rigidities and the consumption response to government spending. Journal of Money, Credit and Banking, vol. 47(2-3), pp. 481-51.
• Jacob, P and Peersman, G (2013). Dissecting the dynamics of the US trade balance in an estimated equilibrium model. Journal of International Economics, vol. 90(2), pp. 302-31.