Latest News
Keynes Fund 16th Call for Projects
The Keynes Fund has announced it's 16th Call for Projects. The deadline for project proposals is 27th March 2020. Please see the Keynes Fund site for the criteria and details of the project applications process.
Published on - Wednesday 15th January 2020
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Banks Do Not Create Money Out Of Thin Air
In recent years, some have claimed that banks create money ‘ex nihilo’. In the most read column this month for VoXEU "Banks Do Not Create Money Out Of Thin Air", Dr. Pontus Rendahl and (PhD Student) Lukas B. Freund explain that banks do not create money out of thin air, that there are no magic money trees.
Published on - Tuesday 7th January 2020
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How Do Central Banks Communicate Effectively?
Dr. Petra Geraats was a speaker at the High-Level Peer-to-Peer Forum "Central Bank Communications in ASEAN-5 Countries: From Principles to Practice" organized by the International Monetary Fund (IMF) in Singapore on 4th-5th December 2019. Read More>>
Published on - Thursday 2nd January 2020
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CERF Fellowship 2020-2022
Applications for the Cambridge Endowment for Research in Finance (CERF) Fellowship 2020-2022 are now open. The CERF fellowship scheme is open to lecturers and senior lecturers of the University of Cambridge who do research into some aspect of finance.
Published on - Monday 16th December 2019
Brexit - The New Trade Era
Dr. Meredith Crowley was quoted in the New York Times article "Brexit’s Advance Opens a New Trade Era" about the implications of the General Election result and the now inevitable Brexit for the system of global trade.
Published on - Monday 16th December 2019
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Debt and Macroeconomic Stabilization
Professor Giancarlo Corsetti will deliver the 2019 Federico Caffè Lecture at Sapienza University of Rome on 18th and 19th December 2019. Prof Corsetti's lecture topic will be "Debt and Macroeconomic Stabilization". Read More>>
Published on - Monday 16th December 2019
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The Economics of Biodiversity
Professor Sir Partha Dasgupta gave the 2019 Martin Buber Memorial Lecture at the Israel Academy of Sciences and Humanities, on the 26th November 2019, in Jerusalem. Prof. Dasgupta's talk was titled "The Economics of Biodiversity". Read More>>
Published on - Wednesday 27th November 2019
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Ukraine’s Land Market Reform
Dr. Alex Rodnyansky was quoted in the Reuters article "Ukraine Adviser: Excluding Foreigners From Buying Land Will Hurt Growth", which looks at the Ukraine’s land market reform. Dr. Rodnyansky is the Chief Economic Adviser to the Prime Minister of Ukraine.
Published on - Tuesday 26th November 2019
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An Interview with Professor Paul Milgrom
Professor Paul Milgrom (Berkeley) was interviewed by PhD Candidate Alan Walsh about his the 2019-2020 Marshall Lecture on "Market Design When Resource Allocation is NP-Hard", and the role that market design can play in helping with some of the challenges currently facing the world.
Published on - Tuesday 26th November 2019
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EEA 2020 Scientific Programme Committee Chair
Professor Vasco M. Carvalho, has been appointed the EEA 2020 Scientific Programme Committee Chair, for the 35th Annual Congress of the European Economic Association, which will held at the ERASMUS University Rotterdam (The Netherlands), on the 24th - 27th August 2020.
Published on - Wednesday 13th November 2019
Ogilvie Public Lecture in Amsterdam
Professor Sheilagh Ogilvie will give a public lecture on 19 November 2019 on “How Do Bad Institutions Survive? European Guilds, c. 1000 – c. 1880”. The lecture is hosted by the Amsterdam Centre for Urban History and will be held at Oost Indisch Huis, the seventeenth-century headquarters of the Dutch East India Company. Read More>>
Published on - Tuesday 12th November 2019
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IMF High-Level Advisory Panel on Central Bank Transparency
Dr. Petra Geraats has been appointed to a High-Level Advisory Panel on Central Bank Transparency by the International Monetary Fund (IMF). The advisory panel, which consists of prominent former central bankers and academics, will help guide the development of the IMF's new Central Bank Transparency (CBT) Code. Read More>>
Published on - Monday 11th November 2019
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National Food Strategy Advisory Panel
Dr. Meredith Crowley has been appointed to the Department for Environment, Food & Rural Affairs's (DEFRA) Advisory Panel for a National Food Strategy. This advisory panel of experts from across agriculture, retail, food manufacture, NGOs and academia has today been named to support the development of the National Food Strategy.
Published on - Thursday 7th November 2019
Tags:IMF Annual Research Conference
Professor Giancarlo Corsetti will speak at The International Monetary Fund's Twentieth Jacques Polak Annual Research Conference, which is being held at the IMF headquarters in Washington DC on 7th-8th November 2019. Prof. Corsetti's talk will be on his paper "Debt Sustainability and the Terms of Official Support", joint with Aitor Erce (European Investment Bank) and Timothy Uy (Deloitte).
Published on - Wednesday 6th November 2019
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The Zombie Economy
Dr. Meredith Crowley's research "Renegotiation of Trade Agreements and Firm Exporting Decisions: Evidence from the Impact of Brexit on UK Exports", joint with Oliver Exton and Lu Han, was cited in the article "The Zombie Economy" in The Economist.
Published on - Tuesday 5th November 2019
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Welcome to Professor Leonardo Felli
The Faculty of Economics is delighted to welcome Professor Leonardo Felli to his position as the Chair of the Faculty. Prof. Felli joins us from University of Edinburgh, where he was Professor of Economics and the Head of the School of Economics, and, before that, he was Professor of Economics and the Head of the Department of Economics at LSE. Read More>>
Published on - Wednesday 30th October 2019
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Video - What Should Policy Makers Take From Prof. Ogilvie’s Research?
In this video, Professor Sheilagh Ogilvie explains what she would like policy makers to take from her research. The video was recorded alongside the Thought Experiment Lecture that Professor Ogilvie delivered to officials from the Cabinet Office, HM Treasury, and other government departments on 18 October 2019. Read More>>
Published on - Wednesday 30th October 2019
Tags:Chief Economic Adviser to Ukraine
Dr. Alex Rodnyansky has been appointed as Chief Economic Adviser to the Prime Minister of Ukraine from September 2019. Dr Rodnyansky is responsible for drafting and monitoring the overall economic reform agenda in Ukraine, devoting particular attention toward its internal consistency. Read More>>
Published on - Tuesday 29th October 2019
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Teaching, Learning & Innovation Fund Award
Dr. Flavio Toxvaerd has been awarded a grant by the Teaching, Learning & Innovation Fund. Dr. Toxvaerd's project is "Understanding economic models through interactive graphs: a platform for visualisation and independent student experimentation using Mathematica".
Published on - Monday 28th October 2019
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US-China Trade Relations: A Way Forward
Dr. Meredith Crowley is a member of the US-China Trade Policy Working Group. Bloomberg reported that this trans-national working group have just released a proposal "US-China Trade Relations: A Way Forward", which proposes a new way to negotiate an end to the US-China Trade War. The statement was co-signed by a number of prominent economists and legal scholars, including 5 Nobel Laureates in Economics. Read More>>
Published on - Monday 28th October 2019
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The Price of Warming
Dr. Kamiar Mohaddes's paper "Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis" (joint with Kahn, M. E., Ng, R. N. C., Pesaran, M. H., Raissi, M. and Yang, J-C.) has been covered in Scientific American's November issue, "Warming Will Cost Rich and Poor Countries Alike".
Published on - Monday 28th October 2019
Tags:Passing a Brexit Deal Could Still End in No Deal
Dr. Meredith Crowley was quoted in The New York Times article "Getting Brexit Deal Over Finish Line Would Only Begin a Torturous New Race", which predicts that should Parliament pass the current Brexit deal, then this would only be the start of tough trade deal negotiations with the EU, that would more than likely end in a no deal outcome.
Published on - Sunday 27th October 2019
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Uncertainty's Effect on Business Investment
Dr. Meredith Crowley's research "Renegotiation of Trade Agreements and Firm Exporting Decisions: Evidence from the Impact of Brexit on UK Exports", joint with Oliver Exton and Lu Han, was cited in the article "How Uncertainty Hits Business Investment" in The Financial Times.
Published on - Saturday 26th October 2019
Tags:Video - What Policymakers Can Learn From Economic History
Professor Sheilagh Ogilvie gave the Thought Experiment Lecture at the Cabinet Office on 18 October to officials from the Cabinet Office, HM Treasury, and other government departments. The lecture emphasized, on the basis of European economic history, that policymakers should regard institutions as an integrated system rather than a menu from which one or two items can be chosen. Read More>>
Published on - Wednesday 23rd October 2019
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An Interview with Professor Christina Romer
Professor Christina Romer (Berkeley) was interviewed by PhD Candidate Maarten de Ridder about her the 2019-2020 Keynes Lecture on "The Narrative Approach to Establishing Causation in Macroeconomics", as well as on fiscal policy in the Obama administration and the current state of the economy.
Published on - Monday 21st October 2019
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UK Eyes Post-Brexit Trade Deal with Japan
Dr. Meredith Crowley was quoted in the Japan Times article "As UK eyes post-Brexit trade deal with Japan, its hand may not be as strong as it thinks", discussing the prospects for a Japan-UK Free Trade Agreement post-Brexit.
Published on - Thursday 17th October 2019
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Thought Experiment Lecture at the Cabinet Office
Professor Sheilagh Ogilvie will give the Thought Experiment Lecture at the Cabinet Office on Friday 18 October. Sheilagh will lecture to officials from Cabinet Office, HM Treasury, and Number 10 on the theme of “Institutions and Economic Growth: Cautionary Tales from History”. Read More>>
Published on - Monday 14th October 2019
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UK Tweaks Tariffs Amid No-Deal Brexit Countdown
Dr. Meredith Crowley was quoted in the Guardian newspaper article "UK tweaks tariffs amid no-deal Brexit countdown", which looks at the recent changes made to the temporary tariff schedule by Department for International Trade, in preparation for the UK leaving the EU.
Published on - Thursday 10th October 2019
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UK Revises No Deal Tariffs
Dr. Meredith Crowley was on BBC Radio 4's Today Programme discussing the government's new plan for tariffs under a no deal Brexit. You can listen to the programme on the BBC website (starts at 1h 46m).
Published on - Tuesday 8th October 2019
Tags:Brexit and Global Trade
Dr. Meredith Crowley was quoted in The New York Times article "Global Trade is Deteriorating Fast and Sapping the World’s Economy", regarding the negative impact that Brexit is having on the growth of global trade.
Published on - Tuesday 1st October 2019
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Market Power and Innovation in the Intangible Economy
A recent paper by PhD Candidate Maarten De Ridder of the Faculty of Economics was discussed in yesterday’s speech by ECB Vice-President Luis de Guindos. De Guindos summarized Market Power and Innovation in the Intangible Economy, which is Maarten’s Job Market Paper for the year 2019-2020.
Published on - Wednesday 25th September 2019
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Faculty Articles Recommended for Undergraduate Teaching
Professor Vasco M. Carvalho, Professor Sheilagh Ogilvie and Professor Sir Partha Dasgupta have all had papers submitted to the Journal of Economic Perspectives, by fellow Professor's, as articles that have found useful to support teaching.
Published on - Tuesday 24th September 2019
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Council of the Game Theory Society
Professor Sanjeev Goyal has been elected to the Council of the Game Theory Society. The Game Theory Society is an international society for the advancement of game theory and its applications and the Council acts as the governing board of the Society. Read More>>
Published on - Monday 23rd September 2019
Tags:Victoria Bateman Interviewed by New York Times
Dr Victoria Bateman was interviewed by the New York Times about the gender gap in economics and her recent book: The Sex Factor - How Women Made the West Rich.
Published on - Friday 11th October 2019
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Guilds and Inclusiveness Keynote
Professor Sheilagh Ogilvie will give the opening keynote lecture on 19th September 2019 at the annual conference of the World Interdisciplinary Network for Institutional Research (WINIR). The theme of the conference is "Institutions for Inclusive Societies". Sheilagh's lecture is on "Guilds and Inclusiveness", drawing on the findings of her recent book, The European Guilds: An Economic Analysis. Read More>>
Published on - Wednesday 18th September 2019
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What Does the Oil Price Surge Mean for the UK Economy?
Dr. Kamiar Mohaddes's paper "Country-Specific Oil Supply Shocks and the Global Economy: A Counterfactual Analysis" (joint with M. Hashem Pesaran, University of Southern California) has been covered in an article by the Telegraph, "What does the oil price surge mean for the UK economy?".
Published on - Tuesday 17th September 2019
Tags:The European Guilds - Tides of History Podcast
Professor Sheilagh Ogilvie has recorded a podcast on her book, The European Guilds, for Tides of History, an online documentary program dedicated to exploring how history helps us understand our world and how it got to be the way it is. You can listen to Sheilagh’s podcast here.
Published on - Monday 27th May 2019
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Review of World Economics Young Economist Prize
Faculty of Economics Research Associate Dr. Lu Han has been awarded the Review of World Economics Young Economist Prize 2019 for his paper "The Mutable Geography of Firms' International Trade: Evidence and Macroeconomic Implications". Read More>>
Published on - Tuesday 10th September 2019
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Biological Extinction
Professor Sir Partha Dasgupta has edited a new book "Biological Extinction". The book was edited jointly with Peter Raven (Missouri Botanical Garden) & Anna McIvor (University of Cambridge), and was published in August 2019 by the Cambridge University Press.
Published on - Friday 6th September 2019
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The Economic Consequences of the Peace Blog
To celebrate the centenary of "The Economic Consequences of the Peace" by John Maynard Keynes, the Marshall Library has been publishing a series of blogs about the publication, reception and reaction to Keynes's famous book. The latest post "Standing Room Only" discusses how Keynes gave themed lectures on the topic of the Peace shortly after writing the book. Read More>>
Published on - Wednesday 4th September 2019
Tags:Dollars and sense: The sterling depreciation and UK price competitiveness
Professor Giancarlo Corsetti, Dr. Meredith Crowley, and Lu Han have published an article for VOXeu titled "Dollars and sense: The sterling depreciation and UK price competitiveness". This column shows that UK export price response to depreciation depends on the currency in which UK firms invoice their cross-border transactions.
Published on - Wednesday 28th August 2019
Tags:The chilling economic effects of Brexit uncertainty are intensifying
Dr. Meredith Crowley, Oliver Exton, and Lu Han's paper "Renegotiation of Trade Agreements and Firm Exporting Decisions: Evidence from the Impact of Brexit on UK Exports", which looks into the effect of Brexit on exports, has been quoted by the Economist.
Published on - Tuesday 27th August 2019
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Climate Change Could Shrink the Economies of Virtually all Countries
Dr. Kamiar Mohaddes's paper "Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis" (joint with Matthew E. Kahn, Ryan N.C. Ng, M. Hashem Pesaran, Mehdi Raissi, and Jui-Chung Yang) has been highlighted in an article by the University of Cambridge's Research News. Read More>>
Published on - Tuesday 20th August 2019
Tags:Fast Trading and the Virtue of Entropy
Professor Giancarlo Corsetti, Romain Lafarguette and Arnaud Mehl have published an article for VOXeu titled "Fast Trading and the Virtue of Entropy". This column argues that high-frequency trading can increase market efficiency and the quality of trade.
Published on - Wednesday 14th August 2019
Tags:What Free Ports Can and Can’t Achieve
Dr. Meredith Crowley was quoted in The Economist article "What free ports can and can’t achieve", regarding the government's new policy to create free ports or free trade zones. It is proposed there will be ten of the new tariff-free zones around the UK, post-Brexit.
Published on - Friday 9th August 2019
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Professor Willy Brown 1945-2019
The Faculty of Economics is saddened to announce the sudden and unexpected death of Professor William (Willy) Brown on 1st August 2019. Professor Brown held the position of Professor of Industrial Relations from 1985 (Emeritus from 2013) at the Faculty of Economics.
Published on - Tuesday 6th August 2019
Freeports Advisory Panel
Dr. Meredith Crowley has been appointed to serve on the Freeports Advisory Panel at the Department for International Trade under Secretary of State Liz Truss. This Panel has been set up to ensure the UK is ready to trade post-Brexit.
Published on - Monday 5th August 2019
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Fast Trading and the Virtue of Entropy 
Professor Giancarlo Corsetti has just published a paper in the European Central Bank's (ECB) Working Paper Series. The paper "Fast Trading and the Virtue of Entropy: Evidence from the Foreign Exchange Market" is joint with Romain Lafarguette and Arnaud Mehl.
Published on - Wednesday 31st July 2019
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Advances in the Economics of Religion
Dr. Sriya Iyer's co-edited volume "Advances in the Economics of Religion" is the featured publication on the International Economic Association (IEA) home page. This book is the outcome of the IEA Roundtable on The Economics of Religion which was hosted at St Catharine's College, Cambridge in 2017 and co-sponsored by Cambridge-INET.
Published on - Monday 29th July 2019
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Dr. Matt Elliott joins Cambridge-INET as a Coordinator
Cambridge-INET is delighted to announce that Dr. Matt Elliott will be joining as a Coordinator for the Networks, Crowds and Markets research theme, on the 1st August 2019. Read More>>
Published on - Thursday 18th July 2019
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Symposium on Competition Policy
Dr. Flavio Toxvaerd organised a Symposium on Competition Policy at Clare College Cambridge, on the 17th of May 2019. The Bennett Institute have added videos of the days presentations to their website. Read More>>
Published on - Thursday 18th July 2019
Tags:Debt Sustainability Assessments - The State of the Art
Professor Giancarlo Corsetti was invited to discuss "Debt Sustainability Assessments - The State of the Art" at the International Monetary Fund, by the IMF Strategy and Policy Review Department, on July 15th 2019. Read More>>
Published on - Wednesday 17th July 2019
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Plan to Make a Step Change in UK Economic Growth
The Faculty is delighted to announce that Rhys Williams, Nick Robin and Dano Meiske (formerly BA, MPhil in Economics and MPhil in Economic Research students) have won a joint first prize for their part in the public policy paper Decentralising Britain: The 'big push' towards inclusive prosperity" (joint with Romain Esteve, Martin Kabrt, Agata Makowska and Farooq Sabri), from Institute for Public Policy: The Progressive Policy Think Tank.
Published on - Thursday 11th July 2019
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Advances in the Economics of Religion
Dr. Sriya Iyer is the co-editor (with Jean-Paul Carvalho and Jared Rubin) of a new volume title "Advances in the Economics of Religion". This new book is the outcome of the International Economic Association Roundtable on The Economics of Religion which was hosted at St Catharine's College, Cambridge in 2017.
Published on - Wednesday 10th July 2019
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RES 2020 Conference - Call for Papers
The Royal Economic Society's 2020 Annual Conference will be hosted by Queen's University Belfast on 6-8 April 2020. Submissions of papers are invited for the General Sessions. The closing date for submitting papers is Monday 30th September 2019.
Published on - Wednesday 10th July 2019
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Production Networks in Macroeconomics
Professor Vasco Carvalho was asked to give a keynote address at the 2019 ESCoE Conference on Economic Measurement. The series of ESCoE Conferences on Economic Measurement aim to promote research on economic measurement and increase dialogue between academic economists, national statisticians and statistics users to improve economic measurement. Read More>>
Published on - Wednesday 10th July 2019
Tags:Market Power and Innovation
PhD candidate Maarten de Ridder has written a VoXEU column on the slowdown of productivity growth, the decline in business dynamism, and the rise of market power. He shows that these trends can be explained by the rising use of intangible inputs such as information technology and software.
Published on - Wednesday 3rd July 2019
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