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Faculty of Economics

Dr. Edoardo Gallo writes a blog post in the LSE Business Review on his article

Dr. Edoardo Gallo writes a blog post in the LSE Business Review on his article "Whatever it takes to win: Rivalry increases unethical behavior"

Gavin J. Kilduff, Adam Galinsky and Edoardo Gallo explore the link between rivalry and unethical behaviour.

Published on - Thursday 10th November 2016


Prof. Low: New Microeconomic Insights on Disability Insurance

Prof. Low: New Microeconomic Insights on Disability Insurance

In their recent paper Hamish Low and Luigi Pistaferri look into the "Recent growth in the number of Disability Insurance claimants has led to calls for substantial scaling back of the program. We evaluate the incentive cost of the DI program against its insurance value to those in need".

Published on - Tuesday 13th December 2016


Prof. Coen Teulings Videos,

Prof. Coen Teulings Videos, "Low Interest Rates and the Introduction of the Pill"

Prof. Coen Teulings has just released a three part video series on "Low Interest Rates and the Introduction of the Pill"

Published on - Monday 14th November 2016


Networks and Misallocation: Insurance, Migration, and the Rural-Urban Wage Gap

Networks and Misallocation: Insurance, Migration, and the Rural-Urban Wage Gap

by Kaivan Munshi and Mark Rosenzweig
Institutions are implicit or explicit rules that bring people with the same objective together. In new research, Professor Kaivan Munshi discusses the role of informal community-based institutions in migration and the development process.

Published on - Thursday 17th November 2016


Prof. Giancarlo Corsetti Presents at Conference Hosted by the Norwegian Ministry of Finance

Prof. Giancarlo Corsetti Presents at Conference Hosted by the Norwegian Ministry of Finance

Professor Giancarlo Corsetti presents "Stabilizing the economy - what is the role of fiscal policy?" at conference hosted by the Norwegian Ministry of Finance

Published on - Friday 16th December 2016

Tags:

Stability

Fiscal Policy

Fiscal


Prof. Coen Teulings: NRC column on the US election

Prof. Coen Teulings: NRC column on the US election

Read Professor Coen Teulings's NRC column on the US election.

Published on - Thursday 10th November 2016


Dr Vasco Carvalho awarded the Philip Leverhulme Prize

Dr Vasco Carvalho awarded the Philip Leverhulme Prize

The Faculty of Economics and Cambridge-INET are delighted to announce the news that Dr. Vasco Carvalho has been awarded the Philip Leverhulme Prize this year. The Philip Leverhulme Prizes recognise the achievement of outstanding young researchers whose work has already attracted international recognition and whose future career is exceptionally promising.

Published on - Monday 24th October 2016


Prof. Ogilvie to give the Figuerola Lecture 2016-17

Prof. Ogilvie to give the Figuerola Lecture 2016-17

Professor Sheilagh Ogilvie will give the Figuerola Lecture in Economic History in Madrid on 14 December 2016. This annual lecture in economic history and policy opens the academic year at the University Carlos III de Madrid and addresses an audience of academics and the general public.

Published on - Thursday 1st December 2016


Professor Munshi awarded the Infosys Prize

Professor Munshi awarded the Infosys Prize

The Faculty of Economics and Cambridge-INET are delighted to announce the news that Professor Kaivan Munshi has been awarded the 2016 Infosys Prize in the Social Sciences

The Infosys Prize is the most prestigious academic prize in India and it was awarded to Professor Munshi in recognition of his analysis of the multifaceted role of communities, such as ethnic groups and castes, in the process of economic development.

Previous winners of this prize include:
Abhijit Banerjee, MIT (2009), Raghuram Rajan, University of Chicago (2011), and Esther Duflo, MIT (2014).

Link to the official prize announcement:
http://www.infosys-science-foundation.com/prize/laureates/2016/kaivan-munshi.asp

Published on - Monday 21st November 2016


Christopher Rauh's research featured in Voxeu

Christopher Rauh's research featured in Voxeu

"Why we fail to prevent civil wars: A forecaster's perspective", is a joint paper between Hannes Mueller and Christopher Rauh. Voxeu spoke to them about their research.

Published on - Wednesday 19th October 2016


Oliver Hart awarded the Nobel Prize

Oliver Hart awarded the Nobel Prize

The Faculty is delighted to announce that this year's Nobel Prize in Economics has been awarded to Oliver Hart (jointly with Begt Holmstrom).

Published on - Monday 10th October 2016


Prof. Coen Teulings presents seminar at The Bank of Italy and featured in Voxeu

Prof. Coen Teulings presents seminar at The Bank of Italy and featured in Voxeu

Professor Coen Teulings presented a seminar on "Secular stagnation, bubbles, fiscal policy, and the introduction of the contraceptive pill" at the Central Bank of Italy on Monday 24th October.

Published on - Tuesday 25th October 2016


Post-Referendum Analysis by NIESR

Post-Referendum Analysis by NIESR

The first post-Referendum analysis of the UK economy was provided in early August by the National Institute of Economic and Social Research. In which there was considered to be a 50:50 chance of a technical recession for the UK following the referendum result. In his summary the Director, Professor Jagjit Chadha, outlined the issues faced by the UK after the Referendum and the difficulty of drawing the right conclusions from the popular vote.

Published on - Thursday 6th October 2016


Prof Oliver B. Linton awarded status of

Prof Oliver B. Linton awarded status of "Thousand Talents Plan" by Renmin University of China

Prof Oliver B. Linton of the University of Cambridge was designated the status of "Thousand Talents Plan" with affiliation at Renmin University of China. The ceremony for signing of the contract was held in Beijing on the 15th of June, 2016. (Please note the article is only available in Chinese)

Published on - Wednesday 21st September 2016


Dr Flavio Toxvaerd on giving economic advice to the Review on Antimicrobial Resistance.

Dr Flavio Toxvaerd on giving economic advice to the Review on Antimicrobial Resistance.

From 2014 to 2016 Dr Flavio Toxvaerd served as the Economic Advisor for the Government and Wellcome Trust-commissioned independent Review on Antimicrobial Resistance. In May 2016 the Review published its 10 recommendations around how we can tackle this worsening global public health crisis.

Published on - Monday 19th September 2016


Professor Sanjeev Goyal's interview with INET New York, on 'The economics of networks'

Professor Sanjeev Goyal's interview with INET New York, on 'The economics of networks'

In this video interview with INET New York, Prof. Sanjeev Goyal explains his general theory of network formation based on individual incentives, and their economic implications.

Published on - Friday 9th September 2016


Katja Smetanina Awarded RES Junior Fellowship

Katja Smetanina Awarded RES Junior Fellowship

The Faculty would like to congrarualte Ms Katja Smetanina, who has been awarded the Royal Economic Society Junior Fellowship for 2016-17. You can read about Katja's research and the Junior Fellowship award at the RES website.

Published on - Monday 12th September 2016


G.L.S. Shackle Memorial Lecture - Andy Haldane

G.L.S. Shackle Memorial Lecture - Andy Haldane

St Edmund's College is pleased to announce that Andy Haldane (Chief Economist at the Bank of England) will give the seventh in a series of lectures in memory of the late Professor G.L.S. Shackle, on 10th November 2016, in Lecture Room LG18, Faculty of Law.

Published on - Monday 7th November 2016


Dr Meredith Crowley elected Research Fellow at the CEPR

Dr Meredith Crowley elected Research Fellow at the CEPR

The Faculty is very pleased to announce that Dr Meredith Crowley has been elected as a CEPR Research Fellow.

Published on - Friday 8th July 2016


Post-Brexit: Corsetti on the macroeconomic effects of Brexit

Post-Brexit: Corsetti on the macroeconomic effects of Brexit

The Pound and the Macroeconomic Effects of Brexit, Giancarlo Corsetti and Gernot Müller - Vox EU, New York Times and Wall Street Pitt articles.

Published on - Friday 1st July 2016


Post-Brexit: Prof. Teulings on why promising reforms did not help

Post-Brexit: Prof. Teulings on why promising reforms did not help

Prof. Coen Teulings - Promising reforms not helpful for winning the debate on EU's future. A translation from ‘Het Financiële Dagblad’ (the Dutch equivalent of the FT)

Published on - Thursday 30th June 2016


Brexit: Teulings on how businesses can think about its potential impact

Brexit: Teulings on how businesses can think about its potential impact

As the referendum draws closer, many business leaders ask what Brexit would look like and what its likely impact would be on firms and industries. In a policy document for the BCG Henderson Institute, professor Tuelings along with researchers at the institute sets out a strategy for thinking about this important questions ahead of the referendum on June 23.

Published on - Tuesday 21st June 2016


Brexit: Simon Lloyd on the consequences for low income households

Brexit: Simon Lloyd on the consequences for low income households

Simon Lloyd, who is a graduate student in the Faculty, has contributed to an important report on the impact of the UK leaving the European Union (EU) on benefit and tax credit receipts of low income households. The report is co-authored by A. Armstrong and K. Lisenkova and published by the National Institute for Economic and Social Research.

Published on - Wednesday 15th June 2016


Jonathan Smith Wins IFABS Best Ph.D. Paper Award

Jonathan Smith Wins IFABS Best Ph.D. Paper Award

Each year the International Finance and Banking Society Conference chooses the best paper drawn from the papers presented at the IFABS 2016 Barcelona Conference and awards the IFABS Best Research Paper Award. The Faculty is pleased to announce that Jonathan Smith was awarded the IFABS Best Ph.D. Paper Award.

Published on - Tuesday 21st June 2016


Prof. Coen Teulings to give the first Johan Witteveen Lecture

Prof. Coen Teulings to give the first Johan Witteveen Lecture

Professor Coen Teulings will give the the first Johan Witteveen Lecture at the Erasmus University Rotterdam on Monday 31st October. His lecture is titled "There is no such thing as a free lunch".

Johan Witteveen is a former director of the IMF (1973-78)

Erasmus University Rotterdam website

Published on - Friday 28th October 2016


Royal Garden Party 19th May 2016

Royal Garden Party 19th May 2016

The Faculty is very pleased to announce that Teresa Gurner and Anne Mason both received an invitation to attend a Royal Garden Party at Buckingham Palace.

Published on - Monday 30th May 2016


Why We Fail to Prevent Civil Wars

Why We Fail to Prevent Civil Wars

Dr. Christopher Rauh and Hannes Mueller have written an article for VoxEU on "Why We Fail to Prevent Civil Wars: A Forecaster’s Perspective".

Published on - Friday 28th October 2016

Tags:

Civil Wars

Conflict


Secular Stagnation Seminar and Article

Secular Stagnation Seminar and Article

Professor Coen Teulings presented a seminar on "Secular stagnation, bubbles, fiscal policy, and the introduction of the contraceptive pill" at the Central Bank of Italy on Monday 24th October 2016.

Prof. Teulings paper (joint with Faculty of Economics PhD student Jason Lu) "Secular stagnation, bubbles, fiscal policy, and the introduction of the contraceptive pill" is also featured on the VoxEU website and as part of Centre for Economic Policy Reseach's (CEPR) influential Policy Insight series.

Voxeu Article

CEPR Policy Insight Series No. 86

Published on - Monday 24th October 2016

Tags:

Secular Stagnation

Bubbles

Fiscal Policy


Prof. Sir Partha Dasgupta Awarded the 2016 Tyler Prize

Prof. Sir Partha Dasgupta Awarded the 2016 Tyler Prize

The Faculty is very pleased to announce that Prof. Sir Partha Dasgupta has been awarded the 2016 Tyler Prize for Environmental Achievement for his scientific contributions to the field of environmental economics.

Published on - Tuesday 15th March 2016


RSA Animation based on Ha-Joon Chang's book, Economics: The User's Guide

RSA Animation based on Ha-Joon Chang's book, Economics: The User's Guide

The RSA (Royal Society of Arts) have produced an animation entitled 'Economics is for Everyone', which is based on Ha-Joon Chang's book, Economics: The User's Guide

Published on - Thursday 18th August 2016


Understanding the Economics of Networks

Understanding the Economics of Networks

Professor Sanjeev Goyal was interviewed by INET (New York) on "Understanding the Economics of Networks". In this video interview Prof. Goyal explains his general theory of network formation based on individual incentives, and their economic implications.

Published on - Friday 9th September 2016

Tags:

Networks

Network Formation

Economics of Networks


Dr Debopam Bhattacharya awarded ERC Grant

Dr Debopam Bhattacharya awarded ERC Grant

The Faculty is very pleased to announce that Dr Debopam Bhattacharya was awarded a 5-year ERC "Consolidator" grant for his project titled "Empirical Demand and Welfare Analysis (EDWEL)".

Published on - Monday 15th February 2016



Prof. Giancarlo Corsetti

Prof. Giancarlo Corsetti "The Pound and the Macroeconomic Effects of Brexit"

Professor Giancarlo Corsetti and Gernot Müller have published a new VoxEU article "The Pound and the Macroeconomic Effects of Brexit".

For decades, the UK government has been very careful in ensuring a low-risk status for its public and private debt. This column warns that if the UK opts to leave the EU, uncertainty over the implications of Brexit would put this low-risk status in jeopardy. A depreciation of the pound could well generate an export boom, but this would not compensate for the damage to internal demand and to the UK’s ability to access external financing of its deficits.

Please click here to open the article on the Vox EU page.

Published on - Monday 20th June 2016

Tags:

Brexit

Macroeconomics

Currency

EU


Prof. Giancarlo Corsetti Interview:

Prof. Giancarlo Corsetti Interview: "Debt Dynamics"

Professor Giancarlo Corsetti was interviewed by Society for Economic Dynamics on "Debt Dynamics", for the April 2016 edition of their Economic Dynamics Newsletter.

Read the Full Interview >>

Published on - Tuesday 10th May 2016

Tags:

Debt Dynamics

Debt

Economic Dynamics



Prof. Coen Teulings to give Arrol Adam Lecture

Prof. Coen Teulings to give Arrol Adam Lecture

Professor Coen Teulings will give this years Arrol Adam Lecture om "Secular Stagnation, the Introduction of the Pill, and House Prices". on Thursday 18th February, at 6.00pm, in the Upper Hall, Fitzwilliam College, Cambridge.

Book a place here.

Download book on Secular Stagnation here.

Professor Coen Teulings is the Montague Burton Chair of Labour Economics and Industrial Relations at the University of Cambridge.

It is now 7 years since the global crisis and although there are signs that at least the US and the UK are growing close to the rates of growth before the crisis, the level of GDP has not returned to a path it would have achieved in the absence of the crisis.The term 'secular stagnation' was first coined by Larry Summers, Professor of Economics at Harvard University. As Professor Barry Eichengreen observed: "The idea that America and other advanced economies might be suffering from more than the hangover from a financial crisis resonated with many observers. … but while the term 'secular stagnation’ was widely repeated, it was not widely understood".

Coen Teulings provides some welcome clarity on this important issue for the world economy.

The Arrol Adam Lectures were set up in memory of William Arrol Adam, who read Chemistry at Fitzwilliam House in 1905 and died in 1939. It was the stated intention of the bequest, made in 1962 by his widow Jane Wylie Adam, to disseminate knowledge, promote discussion of issues of general interest and concern and to foster the use of plain and simple English.

Published on - Thursday 11th February 2016

Tags:

Secular Stagnation

Global Crisis

House Prices


Prof. Giancarlo Corsetti Joins Panel Discussion on the Future of the Euro

Prof. Giancarlo Corsetti Joins Panel Discussion on the Future of the Euro

Professor Giancarlo Corsetti joins Dr Angus Armstrong and Prof. Wouter den Haan on the panel for a discussion on the Future of the Euro, supported by the Cambridge Society for Economic Pluralismon. The event takes place on Wednesday 3rd February 2016, at 5.30pm, in Room 3, Mill Lane, Cambridge.

Link to CSEP website

Facebook event page

Published on - Wednesday 3rd February 2016

Tags:

EU

Euro

Economic Pluralism


Prof. Giancarlo Corsetti

Prof. Giancarlo Corsetti "Beyond Competitive Devaluations"

Professor Giancarlo Corsetti and Paul Bergin have published a VoxEU article, "Beyond Competitive Devaluations: The Monetary Dimensions of Comparative". Their column takes a step back from the current debate on competitive devaluation in international macroeconomic theory, and assesses a different perspective on monetary and exchange rate policies.

Published on - Monday 11th January 2016

Tags:

Monetary

Exchange Rate

Macroeconomics