Staff profile

Anamaria's published research is in the area of monetary policy, price stability and the optimal speed of disinflation; more specifically, exploring the output response to a disinflationary monetary policy and the optimal speed of disinflation when there is imperfect credibility, and when velocity is time varying. She also published research on financial literacy, stock market participation, trust and sociability, studying the importance of stock market literacy and trust for stock ownership decisions; and on analysing the effect of the Financial Crisis on TFP growth. Anamaria carried out research in collaboration with the Bank of England. Her research has been published in Journal of Money Credit and Banking, Review of Finance and Bank of England Working Papers.

Anamaria led the Impact Case Study ‘Modelling the Impact of Future Trade Agreements on the United Kingdom’s Economy’ submitted by the Business School to REF2021 (developed together with Dr Michael Nower). The research Anamaria and Michael have undertaken on the implications of various Brexit related trade scenarios for the United Kingdom’s economy has had a significant impact on Bank of England analysis, parliamentary scrutiny of Government activity and policy, and the business community.

Potential PhD students interested in doing research in the field of international trade are welcome to contact Anamaria directly.

Anamaria currently teaches International Economics to 3rd level undergraduate students and International Trade and Finance to postgraduate students (MSc in Economics), and she is the module leader of both modules. For her teaching, she received the Dean’s Award for Teaching Excellence on numerous occasions. During her time at Durham, Anamaria has taught on a number of modules at both undergraduate and postgraduate levels, among which are: Monetary Economics (3rd level undergraduate), Monetary Economics (MSc), International Finance (MSc), Intermediate Methods for Economics and Finance (2nd level undergraduate), International Economics (MSc).

Anamaria has served as Non-Single Honours Programme Director 2016-2020, and was re-appointed Non-Single Honours Programme Co-Director 2020-2023, and she is now Deputy Director of the Centre for Banking, Institutions and Development (CBID) and Economics Department Lead for Equality, Diversity and Inclusion (EDI).

• International Trade
• Monetary Economics
• Macroeconomics

Journal Article

• Balloch, A., Nicolae, A., & Philip, D. (2015). Stock market literacy, trust, and participation. Review of Finance, 19(5), 1925-1963. https://doi.org/10.1093/rof/rfu040
• Evans, L., & Nicolae, A. (2010). The Output Effect of a Transition to Price Stability When Velocity is Time-varying. Journal of Money, Credit and Banking, 42(5), 859-878. https://doi.org/10.1111/j.1538-4616.2010.00310.x
• Nicolae, A., & Nolan, C. (2006). The impact of imperfect credibility in a transition to price stability. Journal of Money, Credit and Banking, 38(1), 47-66

Working Paper

• Millard, S., Nicolae, A., & Nower, M. (2019). International trade, non-trading firms and their impact on labour productivity
• Millard, S., & Nicolae, A. (2014). The Effect of the Financial Crisis on TFP Growth: A General Equilibrium Approach
• Evans, L., & Nicolae, A. (2010). Imperfectly-credible disinflation of small inflations
• Evans, L., & Nicolae, A. (2007). Return the output effect of stopping inflation when velocity is time varying