Last year, the International Monetary Fund (IMF) introduced the Central Bank Transparency Code. Dr. Petra Geraats, a Cambridge economist who served on the High-Level Advisory Panel alongside nine former central bank governors and board members, explains in an interview with Valerie Chuang that the update was widely welcomed and long overdue.

Supply chains can render localized environmental disasters into a much larger economy-wide downturn, according to an academic at the University of Cambridge. New research co-authored by Professor Carvalho at the Faculty of Economics, uncovers the role of complex and lengthening supply chains play in propagating the impact of disruptions brought about by local disturbances, such as natural disasters, terrorist attacks or localized shutdowns.

New research by Professor Giancarlo Corsetti questions the assumption that voluntary social distancing has less economic impact than mandated social distancing in the current pandemic.

Dr William H Janeway, an affiliated member of the Faculty of Economics, has launched a new video series that explores economic growth and development through technological innovation.

The Keynes Fund, based at the Faculty of Economics at the University of Cambridge, has a new Deputy Director. Dr Sriya Iyer has been appointed for a 5-year assignment.

The Exchange Rate Insulation Puzzle

New research by a senior University of Cambridge academic suggests that monetary and economic shocks in the Eurozone have a significant impact in neighbouring countries outside the zone. But this impact is no different in countries which peg their currency to the euro, than in countries with a flexible exchange rate, such as the UK.

Now that the United States has announced it plans to rejoin the Paris climate accord, University of Cambridge academics have examined what this means for the US economy and how it compares with other countries. They suggest a carbon tax of 32.3% is needed for US to achieve its original Paris pledge and it causes a drop in GDP of at most 0.6%.