Faculty of Economics

Vaccines

Epidemiology

The Keynes Fund: Research into an Inefficient Market

Dr Toke Aidt explains how the Keynes Fund operates. It has been responsible for supporting many researchers who have provided fascinating insights into economics and the way markets work.

Published on - Wednesday 24th March 2021

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Why Communications Should be Transparent

Dr Petra Geraats outlines her work on a new code for transparency, in a call for openness published by the International Monetary Fund.

Published on - Tuesday 23rd March 2021

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Social Distancing and Supply Disruptions in a Pandemic

Professor Giancarlo Corsetti will give an online seminar, co-hosted by the CEPII and T3M on Thursday 8th April 2021, 2:30-4:00pm (Paris time). Read More>>

Published on - Monday 22nd March 2021

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Smart Sovereign Credit Ratings & Global Warming Downgrades

Dr. Kamiar Mohaddes's paper "Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness", has been quoted in various news outlets. Read More>>

Published on - Friday 19th March 2021

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Smart Sovereign Credit Ratings Suggest Global Warming Downgrades

The first sovereign credit rating to directly include climate science shows that many national economies can expect downgrades to occur within a decade unless action is taken to reduce emissions.

Published on - Thursday 18th March 2021

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Discussion of Dasgupta Review findings

Sajid Javid MP and the Faculty’s Professor Sir Dasgupta will discuss the review, its key findings and next steps, in an event organised by the Harvard Kennedy School. Read More>>

Published on - Monday 15th March 2021

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How Supply Chain Disruptions Led to a Wide Economic Impact of 2011 Japan Earthquake

Supply chains can render localized environmental disasters into a much larger economy-wide downturn, according to Professor Carvalho at the Faculty of Economics.

Published on - Monday 15th March 2021

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Making Economic Sense of Religion

Dr. Sriya Iyer was interviewed for The Review of Religions magazine, where they asked her about the economics of religion, why she thinks religion matters to economics, and if religion and happiness are correlated. Read More>>

Published on - Sunday 14th March 2021

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Professor Lucia Reisch appointed to El-Erian Professorship

The Faculty of Economics is delighted to announce that Professor Lucia A. Reisch, Dr. oec., has been appointed to the El Erian Professor of Behavioural Economics and Policy.

Published on - Monday 8th March 2021

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Appointments

El Erian Professor

Behavioural Economics

Is There a More Climate-Friendly Way to Assess the State of Our Economies?

Professor Sir Partha Dasgupta was interviewed by Channel 4 News about the findings of his independent report into the Economics of Biodiversity and if there is another way, other than GDP, to measure if economies are doing well. Read More>>

Published on - Monday 8th March 2021

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International Women's Day 2021 - Bridging the Gender Gap

As part of International Women's Day, Dr. Chryssi Giannitsarou will be a guest speaker at the University College Dublin (UCD) webinar, "Bridging the gender gap: Research and responses to COVID-19". Read More>>

Published on - Friday 5th March 2021

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Tax Increases to Finance “Whatever the Cost”

Dr. Kamiar Mohaddes was interviewed by Le Figaro newspaper about his paper "Covid-19 Fiscal Support and its Effectiveness" (joint with Alexander Chudik and Mehdi Raissi) and the 2021 Budget. Read More>>

Published on - Thursday 4th March 2021

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The Shifting Fronts in the Battle Over EU Trade Policy

Dr. Kamiar Mohaddes's paper "Covid-19 Fiscal Support and its Effectiveness" (joint with Alexander Chudik and Mehdi Raissi) was quoted by Martin Sandbu in his Financial Times column. Read More>>

Published on - Thursday 4th March 2021

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Brexit, Covid-19, Business, and Economic Inequality

Dr. Meredith Crowley will be speaking at two panels as part of The UK in a Changing Europe's Spotlight series. The online events will take place on Tuesday 9th March 2021 and Friday 12th March 2021, from 12.00 – 1.15pm. Both are free to register and watch. Read More>>

Published on - Wednesday 3rd March 2021

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Easing Lockdown Restrictions

Dr. Flavio Toxvaerd was interviewed for BBC News Scotland, where he talked about the implications of easing the current lockdown restrictions and the differences in approach between the UK Government and Scottish Parliament, for the easing the restrictions.

Published on - Wednesday 3rd March 2021

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Social Distancing: Does Voluntary or Mandated Distancing have more Economic Impact?

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.

Published on - Monday 1st March 2021

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Complex Interactions Between Parents and Children Summarised

Whether a child is brought up by active or laid back parents can have a significant impact on their personality in later life, according to new research by Dr Christopher Rauh.

Published on - Monday 22nd February 2021

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NIESR Weekly Covid-19 Tracker Using Time Series Model

A new study co-authored by Emeritus Professor Andrew Harvey produces good forecasts of epidemics before new cases or deaths peak. Read More>>

Published on - Sunday 21st February 2021

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News from the Women’s Committee - A Growing Divide

Dr. Chryssi Giannitsarou and Sarah Smith (University of Bristol) have written an article for the Royal Economic Society, that says the COVID-19 pandemic has exposed and intensified inequalities in many areas of our life, including academic life. Read More>>

Published on - Thursday 18th February 2021

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Venture Capital in the 21st Century

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.

Published on - Monday 15th February 2021

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The Relationship Between a Smuggler and a Politician. How do Drugs Corrupt Governments?

Dr. Kamiar Mohaddes's paper showing how illegal drugs foster public corruption (using data on crack cocaine and public corruption from U.S. states) will be covered in tomorrow's issue of Iran's major weekly magazine, Tejarat-e-Farda. Read More>>

Published on - Thursday 11th February 2021

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Government

Drugs

Corruption

It’s All in the Mix: How Monetary and Fiscal Policies Can Work or Fail Together

Professor Giancarlo Corsetti is one of the speakers at the Presentation of the 23rd Geneva Report on the World Economy webinar, which is being held on 3rd March 2021, 1:00 - 2:30 PM (UK time). Read More>>

Published on - Wednesday 10th February 2021

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Gendered Economic Impact of Coronavirus

A new report on the gendered economic impact of the current coronvirus pandemic features Dr Christopher Rauh. It says the government risks turning the clock back on gender equality.

Published on - Tuesday 9th February 2021

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Dr Sriya Iyer Appointed Keynes Fund Deputy Director

Dr Sriya Iyer has been appointed Deputy Director of the Keynes Fund, which promotes quality research in economics and finance at the University of Cambridge.

Published on - Monday 8th February 2021

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Full details of the Dasgupta Review

Cambridge University News has detailed feature on the independent review on the economics of biodiversity, produced by Emeritus Professor Sir Partha Dasgupta from the Faculty of Economics, University of Cambridge. Read More>>

Published on - Thursday 4th February 2021

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Biodiversity

Environment

When Flexible Exchange Rates Don’t Insulate Economies from External Shocks

Professor Giancarlo Corsetti, Keith Kuester (University of Bonn), Gernot Müller (University of Tübingen) and and Sebastian Schmidt (European Central Bank) have published an article for VOXeu titled "When flexible exchange rates don’t insulate economies from external shocks". Read More>>

Published on - Wednesday 3rd February 2021

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Call to Transform Economics to Halt Natural World Destruction

Nations will have to rethink economic growth as a measure of success if they want to make good on pledges to halt the destruction of the natural world, according to a report co-authored by Prof Dasgupta.

Published on - Tuesday 2nd February 2021

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Eurozone Shocks Impact Outside the Eurozone

New research by Professor Giancarlo Corsetti 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.

Published on - Monday 1st February 2021

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The Effect of Trade Deals on UK Farming and Food Prices

Dr. Meredith Crowley was interviewed for BBC1's Countryfile, where she talked about how future trade deals could affect the UK, especially UK farming and food prices. Read More>>

Published on - Monday 1st February 2021

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Keynes Fund 18th Call for Projects

The Keynes Fund has announced it's 18th Call for Projects. The deadline for project proposals is 26th March 2021. Please see the Keynes Fund site for the criteria and details of the project applications process.

Published on - Monday 1st February 2021

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Tensions Over EU Vaccine Distribution Threaten to Boil Over

Dr. Flavio Toxvaerd was interviewed for BBC World Service's Marketplace Morning Report programme, where he spoke about the distribution of COVID-19 vaccines to the European Union. Read More>>

Published on - Thursday 28th January 2021

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Vaccines

Epidemiology

Rebuilding a Resilient Britain: Trade and Aid

Dr Meredith Crowley has contributed to a report for the Government Office for Science on Rebuilding a Resilient Britain: Trade and Aid. Dr Crowley was part of a working group which produced the report, identifying existing evidence, and gaps in the evidence base.

Published on - Tuesday 26th January 2021

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Trade

US GDP Drop Following Paris Accord is at Most 0.6%

The United States plans to rejoin the Paris climate accord. Faculty academics have examined what this means for the US economy & GDP. They suggest a carbon tax of 32.3% is needed for US to achieve its original Paris pledge, which might cause US GDP to fall up to 0.6%.

Published on - Friday 22nd January 2021

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GDP

Policy Panel - The Monetary-Fiscal Policy Mix Strikes Back

Prof. Giancarlo Corsetti is to speak at a policy panel on the 2020 Geneva report. The panel will discuss the contribution of the mix policy mix to the stabilisation of tail events and disruptive crises, such as the COVID-19 pandemic. Read More>>

Published on - Tuesday 19th January 2021

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Europe Walks a Tightrope as it Waits for Virus Immunity to Take Hold

As many countries are starting to vacinate against Covid, Dr. Flavio Toxvaerd explains that it becomes all the more important for people to avoid contracting coronavirus as vaccination picks up. Read More>>

Published on - Monday 18th January 2021

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Launch of the Geneva Report on the World Economy

Prof. Giancarlo Corsetti is one of the speakers at the launch of the Geneva Report on the World Economy, which he recently co-authored. Read More>>

Published on - Tuesday 12th January 2021

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Social Distancing: Two Extensions of the Standard Model Research Seminar

Dr. Flavio Toxvaerd gave a talk about his research into "Social Distancing: Two Extensions of the Standard Model" as part of the Adam Smith's Panmure House research seminar series. Read More>>

Published on - Tuesday 12th January 2021

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Report: Contribution to Strategy Review of European Central Bank

Dr. Petra Geraats's contribution to the strategy review of the European Central Bank (ECB) has been published in a report by the Institute for Monetary and Financial Stability (IMFS) in Frankfurt. Read More>>

Published on - Wednesday 6th January 2021

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2020 Geneva Report Quoted

A report co-authored by Prof. Giancarlo Corsetti from the Faculty of Economics has been mentioned by Reuters. The 2020 Geneva Report looks at macroeconomic and financial instability and disruptive crises such as the COVID-19 pandemic. Read More>>

Published on - Wednesday 16th December 2020

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Brexit - As Consumers, Britons have the Most to Lose

Dr. Meredith Crowley was interviewed about Brexit and it's effect on the UK economy, by the daily French newspaper La Croix. Dr Crowley answered questions on the proposed post-Brexit trade deals that Prime Minister Boris Johnson is negotiating with countries such as Japan, China and the US.

Published on - Tuesday 15th December 2020

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Brexit

Trade

Geneva Report: Fiscal Policies Must Work Together

The 2020 Geneva Report has been published. Co-authored by Professor Giancarlo Corsetti from the Faculty of Economics at the University of Cambridge, the 23rd report looks at macroeconomic and financial instability and disruptive crises such as the COVID-19 pandemic.

Published on - Tuesday 15th December 2020

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Global Perspectives: Challenges for the 21st Century Entrepreneur

Dr. Kamiar Mohaddes discussed the economic consequences of COVID-19 and the implications for entrepreneurs, at the King's College special ‘Global Perspectives’ webinar. Read More>>

Published on - Tuesday 15th December 2020

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The Faculty Addresses Brexit, post-COVID Challenges and Diversity

As incoming chair of the Faculty of Economics Professor Leonardo Felli has faced unprecedented challenges, and his first year would be unusual year in every possible way.

Published on - Monday 14th December 2020

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Testing Times: Assessments and Teaching in the Time of COVID-19

2020 has been a year like no other. Lectures are being delivered remotely, Zoom has become a familiar fixture in supervisions, and the most recent round of gruelling Economics Tripos examinations was held online. Dr. Aytek Erdil, Director of Teaching, looks back on tough calls and thoughtful adaptations made by the Faculty as the Covid-19 crisis unfolded.

Published on - Monday 14th December 2020

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Teaching

Assessment

Biodiversity and Ecosystems

Professor Sir Partha Dasgupta gave an interview to the House of Commons, Environment Audit Committee about the findings of his forthcoming independent report into the Economics of Biodiversity. Professor Dasgupta's report will be published early in 2021. Read More>>

Published on - Monday 14th December 2020

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Biodiversity

Environment

Professor Carvalho Awarded European Research Council Funding

Professor Vasco Carvalho has won a consolidator grant from the European Research Council, Europe’s premiere funding organisation for frontier research.

Published on - Monday 14th December 2020

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Macronets

Supply Chain

Macroeconomics

Did the Office for National Statistics Really Produce ‘False Data’ on Coronavirus Infections?

Dr. Flavio Toxvaerd was quoted in The Independent newspaper. The article looks at the suggestion that data revisions on new coronavirus cases by the official statistics body indicate that the UK might have gone into lockdown in November unnecessarily.

Published on - Thursday 10th December 2020

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Good Health Policy Is Good Economic Policy

Dr. Flavio Toxvaerd has published a new blog for ProMarket (the online publication for The Stigler Center, University of Chicago Booth). Dr Toxvaerd's article "Managing the Covid-19 Pandemic: Good Health Policy Is Good Economic Policy" looks at the unavoidable link between health protection and wealth creation when choosing a response to the COVID-19 pandemic.

Published on - Wednesday 9th December 2020

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How Do Countries Effectively Come Out of Lockdown?

Dr. Flavio Toxvaerd was interviewed by China Central Television where he spoke about the Chinese Health Codes and how other countries are realising that to effectively come out of lockdown, there must be an effective method of tracing contacts of the virus. Further more an electronic tracking method is a must-have for home isolation and travel.

Published on - Wednesday 9th December 2020

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Cost & Benefit of Buying COVID-19 Vaccine

Dr. Kamiar Mohaddes was interviewed by Iranian newspaper, Donya-e Eqtesad, about the implications of COVID-19 for the Iranian economy and the difficulty for Iran to obtain a potential vaccine due to sanctions imposed on the country by US President Donald Trump. Read More>>

Published on - Monday 7th December 2020

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What COVID-19 Shows is That the Global Economy is Not Very Resilient

Dr. Kamiar Mohaddes was interviewed by the Times of India about his recent study on the economic consequences of Covid-19. Dr Mohaddes spoke about the direct and indirect effects of this, within the interconnected global economy and how climate change could also be hit severely by it. Read More>>

Published on - Friday 4th December 2020

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No Country ‘immune’ to COVID-19 Economic Shock

Dr. Kamiar Mohaddes's research "A Counterfactual Economic Analysis of Covid-19 Using a Threshold Augmented Multi-Country Model" has been featured in an article for the University of Cambridge Research News. Dr Mohaddes suggests a lengthy global recession looms as a result of COVID-19, with no country "immune". However, economies such as China will fare better than much of the West. Read More>>

Published on - Thursday 3rd December 2020

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Government Won’t Say How Much Tiered Restrictions Will Cost Economy

Dr. Flavio Toxvaerd was interviewed for the Channel 4 News website, where he commented that the key difficulty in analysing the effects of the lockdown is to assess what would happen with the disease and the economy in the absence of restrictions.

Published on - Wednesday 2nd December 2020

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Government Paper Offers no Assessment of Economic Impact of Tier Restrictions

Dr. Flavio Toxvaerd was quoted in the Independent article "Government Paper Offers no Assessment of Economic Impact of Tier Restrictions". Dr Toxvaerd says the government's COVID analysis falls well short of a full impact study and will be of limited use to justify either lockdown2 or a return to a tiered system of regional restrictions.

Published on - Tuesday 1st December 2020

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European Economic Review Editorial Board

Dr. Chryssi Giannitsarou has joined the European Economic Review Journal Editorial Board. Dr Giannitsarou has agreed to be an Associate Editor for the journal, with immediate effect.

Published on - Friday 27th November 2020

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Economics and the Epidemic: Models, Behaviour and Policy

Dr. Flavio Toxvaerd gave a virtual talk for Clare College on Tuesday 24 November 2020. His talk was on "Economics and the Epidemic: Models, Behaviour and Policy", which looked at how economists think about disease control and contrast it with the traditional approach adopted in epidemiology and public health. Read More>>

Published on - Thursday 26th November 2020

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The Global Economic Consequences of COVID-19: A Multi-Country Analysis

Dr. Kamiar Mohaddes was a panellists at the World Council of Credit Union's Global Financial Symposium on the The Economic Impacts of Covid-19 on Credit Unions. Dr Kamiar Mohaddes presented his recent study entitled "A Counterfactual Economic Analysis of COVID-19 Using a Threshold Augmented Multi-Country Model" (joint with Alexander Chudik, M. Hashem Pesaran, Mehdi Raissi, and Alessandro Rebucci). Read More>>

Published on - Thursday 26th November 2020

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Global Economy

Financial Economics

Managing COVID-19 Vaccines Rationally

Flavio Toxvaerd and Miltos Makris (University of Kent) have published an article for VOXeu titled "Vaccines against COVID-19 are on the horizon; now is the time to manage the transition rationally". This column examines how the prospect of a vaccine alters individuals’ incentives to self-protect and how the social planner would prefer the individual to behave, between now and the arrival of the vaccine.

Published on - Tuesday 24th November 2020

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Impact of a COVID Vaccine: Why we can’t cash in early

New research by Dr. Flavio Toxvaerd indicates when a Covid vaccine starts to become available to the public, it will change our behaviour, and people may have a strong incentives to increase social distancing.

Published on - Tuesday 24th November 2020

Economic Consequences of Covid-19 - Iran and Global

Dr. Kamiar Mohaddes was interviewed for the Iranian newspaper, Donya-e-Eqtesad. The article looks at the impact of Covid-19 on the Iranian economy as well as the global economy. Dr Mohaddes's research into the economic consequences of Covid-19 (joint with Alexander Chudik (Dallas Fed), Hashem Pesaran (USC), Mehdi Raissi (International Monetary Fund), and Alessandro Rebucci (JHU)) was also featured as the front cover story on Iran's major weekly magazine, Tejarat-e-Farda. Read More>>

Published on - Monday 23rd November 2020

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Economics and the Epidemic

Dr. Flavio Toxvaerd will give a virtual talk for Clare College about "Economics and the Epidemic: Models, Behaviour and Policy", on Tuesday 24 November 2020 at 6.00pm. His talk will look at how economists think about disease control and contrast it with the traditional approach adopted in epidemiology and public health. Read More>>

Published on - Thursday 19th November 2020

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Costs and Benefits of Circuit Breakers and Lockdowns

Dr. Flavio Toxvaerd was interviewed on BBC Radio Ulster for their weekly business and economy round up. Dr. Toxvaerd discussed the costs and benefits on the economy, of using circuit breakers and lockdowns to combat the spread of COVID-19. Read More>>

Published on - Monday 16th November 2020

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Climate Change and the Economics of Biodiversity

Professor Sir Partha Dasgupta was among the panel of leading scientists, academics, businesspeople and activists for the BBC World Service - World Questions programme. The panel discussed the environment and what we can do to help it. Professor Dasgupta's interim report of his independent global review on the Economics of Biodiversity was published by the HM Treasury in April 2020. Read More>>

Published on - Monday 16th November 2020

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Biodiversity

Environment

Bristol Festival of Economics Ideas - Why Diversifying and Decolonising Economics Matters to Everyone

Dr Carolina Alves is curating two panels at the Bristol Festival of Economics Ideas. One on how the discipline of economics has been challenged about its Eurocentric nature. And a second on the extent to which the project of economic development has its basis in colonial power structures. See the event pages "Why Diversifying and Decolonising Economics Matters to Everyone" and "Decolonising Economics: What does it mean and how is it done?" for details.

Published on - Monday 16th November 2020

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Decolonising Economics

Economic Development

The Freeport Con

Dr. Meredith Crowley was quoted in the New Statesman article "The Freeport Con", which looks at the setting up of freeports as a post-Brexit trade policy. The UK government is championing these free economic zones, but experts are not convinced they will work.

Published on - Thursday 12th November 2020

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Curbing the Covid-19 Pandemic to Save the Economy

Dr. Flavio Toxvaerd is one of the economists featured in the Wall Street Journal article "Research Ties Curbing the Covid-19 Pandemic to Saving the Economy", which looks at the economists currently working on the economics of the pandemic and how the academic discipline combining economics and epidemiology is attracting new specialists.

Published on - Thursday 12th November 2020

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Costs and Benefits of Suppressing COVID-19

Dr. Flavio Toxvaerd was interviewed on BBC Scotland's Drivetime programme, where he talked about the costs and benefits of suppressing COVID-19 and made the point that perhaps rather than looking at the negative impact caused by the UK's second lockdown, we should be looking at it as an investment in the future. Read More>>

Published on - Wednesday 11th November 2020

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Impact of COVID-19 Means Global Recession will be Long Lasting

New research by Dr. Kamiar Mohaddes suggests the global recession is likely to be long lasting, with no country escaping the impact of COVID-19 regardless of their mitigation strategy, or the effects of a new vaccine.

Published on - Wednesday 11th November 2020

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Lives Vs Livelihoods? The Economics of Controlling COVID-19

Dr. Flavio Toxvaerd took part in a roundtable discussion "The Economics of Covid-19 Suppression Measures", which looked at the economic costs and benefits of the UK's second nation lockdown. This online event was organised by the Tony Blair Institute For Global Change and took place on Friday 6th November 2020. Read More>>

Published on - Tuesday 10th November 2020

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How High is US-UK Trade on Joe Biden's Agenda?

Dr. Meredith Crowley gave a pre-recorded interview to Victoria Craig for the Marketplace Morning Report podcast. In the interview, Dr. Crowley talks about what a Joe Biden administration means for future UK-US trade relations and for Brexit. The Marketplace Morning Report is a BBC programme that broadcasts in the US on National Public Radio. Read More>>

Published on - Tuesday 10th November 2020

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Lockdowns Are Just One Tool

Dr. Flavio Toxvaerd was interviewed on BBC Scotland's Drivetime programme, where he talked about the UK's second lockdown being just one of the tools available to control COVID-19. He added that it does have a significant economic impact and is one of the most extreme of so called non-pharmaceutical interventions. Read More>>

Published on - Monday 9th November 2020

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Election Shock: Social Networks and Confirmation Bias

The prominent role of social media in elections exacerbates the tendency of voters to disregard information contrary to their beliefs, according to two University of Cambridge researchers. Dr Edoardo Gallo and Alastair Langtry in the new working paper 'Social networks, Confirmation Bias and Shock Elections' suggest this behaviour risks shock election outcomes, and pushes fringe media organisations to take even more extreme standpoints.

Published on - Monday 2nd November 2020

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Do Lockdowns Simply Postpone The Pain Of Covid-19?

Dr. Flavio Toxvaerd and Dr. Chryssi Giannitsarou (with Ben Moll - LSE), have written a new entry for the Economics Observatory asking The Pound-of-Flesh Fallacy: Do Lockdowns Simply Postpone The Pain Of Covid-19?. This blog looks at the possibility that whatever measures are taken to reduce the spread of coronavirus, they are unlikely to reduce the ultimate death toll.

Published on - Monday 2nd November 2020

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Free School Meal Vouchers: An Opportunity to Level Nutritional Inequality?

In her recent working paper "Nutritional Inequality: The Role of Prices, Income, and Preferences", Dr Noriko Amano-Patiño suggests that the Government should look at the options for free school meals for children in the holidays, as an initiative to level nutritional inequalities.

Published on - Thursday 29th October 2020

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Indirect Costs of the UK’s Furlough Scheme

Dr. Christopher Rauh was interviewed on "Wake up to Money" on "BBC Radio 5 Live" where he discussed the indirect costs to the economy of the furlough scheme from people staying at home and preventing the economy from adapting to the new normal. He also compared job retention schemes in other countries to the UK's furlough scheme. Starts at 42.20.

Published on - Thursday 29th October 2020

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Professor Chris Abell FRS, FMedSci (1957 – 2020)

The Faculty of Economics and the University of Cambridge are saddened to announce that Professor Chris Abell, Pro-Vice-Chancellor for Research, one of the Managers of the Keynes Fund, Professor of Biological Chemistry and Todd-Hamied Fellow of Christ’s College, has died suddenly at the age of 62.

Published on - Wednesday 28th October 2020

US Elections - How a Biden Win Could Impact Brexit

Dr. Meredith Crowley was quoted the Le Soir newspaper article, "Brexit: does a “no deal” depend on the American election?", which looks at how a Joe Biden victory in the US Election could impact Brexit. The article is in Belgian.

Published on - Wednesday 28th October 2020

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European Economic Review Special Section

Dr. Flavio Toxvaerd will guest edit (co-edited with Cecile Aubert, University of Bordeaux and TSE) the European Economic Review Journal's Special Section on economics of infectious diseases and epidemics. This Section will collect accepted articles at the European Economic Review that pertain to Covid-19 and similar epidemics, and will allow for a faster average handling of submissions on this topic. Read More>>

Published on - Wednesday 28th October 2020

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European Commission and De Nederlandsche Bank Conference Keynotes

Professor Giancarlo Corsetti has been invited to give two keynote speeches. The first is at the 23rd Annual Research Conference of De Nederlandsche Bank, "Monetary Non-Neutrality: The Real Effects of Monetary Policy in the Short and Long Run", on the 29th October 2020 and the second is the 2nd European Commission-JEDC conference "Secular Stagnation, Low Interest Rates and Low Inflation: Causes and Implications for Policy", on the 5th-6th November 2020. Read More>>

Published on - Tuesday 27th October 2020

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Tight Race in US Election 2020 Forecast

A new method of forecasting the US presidential race appears to show the Democrats will win the popular vote. The forecast is tight, but indicates voters have a short memory of seismic economic events over the past few years. Emeritus Professor Hashem Pesaran explains why his model would have also forecast the U.S. Presidential election of 2016 which caught many by surprise.

Published on - Friday 23rd October 2020

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Heterogeneity

US Election

Economic Consequences of Covid-19

Dr. Kamiar Mohaddes, with Alexander Chudik (Federal Reserve Bank of Dallas), M. Hashem Pesaran (University of Southern California), Mehdi Raissi (IMF) and Alessandro Rebucci (Johns Hopkins Carey Business School) have published an article for VOXeu titled "Economic Consequences of Covid-19: A Counterfactual Multi-Country Analysis". Read More>>

Published on - Tuesday 20th October 2020

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Effect on Global Economy of Reimposed EU Lockdowns

Dr. Flavio Toxvaerd was interviewed for Cheddar News Network on Friday 23rd October 2020, where he discussed the reimplementation of lockdowns across Europe, due to the rise in COVID-19 cases and the global economic impact of this. Read More>>

Published on - Tuesday 20th October 2020

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Nobel Prize for Economist Who Gave Marshall Lecture

Paul Milgrom and Robert Wilson have been honoured with the Nobel prize for economics for their work on auction theory. Professor Milgrom visited the Faculty of Economics to give the Marshall Lecture in 2019, when he explained how the tools of game theory were applied to auctions. Dr Matthew Elliott looks at his work, that was instrumental in getting governments to use auctions instead of procurement, and how those auctions have enabled governments to raise revenue around the world.

Published on - Monday 19th October 2020

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China's Economic Recovery Gains Momentum

China's economy is picking up steam as the country continues to steadily recover from the economic turmoil caused by the coronavirus pandemic. The world's second largest economy expanded 4.9% in the July-to-September quarter compared to a year ago, according to new Chinese government statistics. It's a V shaped recovery, according to Dr. Meredith Crowley. She was interviewed on BBC Radio 4's Today programme, and said retails sales are up, but only by 3.2%. However, the worry is that the virus could come back, and that would slow down China's economy again.

Published on - Monday 19th October 2020

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The Economics of a Green Recovery

Dr. Kamiar Mohaddes took part in the second of Centre for Science and Policy's (CSaP) Science, Policy & a Green Recovery Podcasts. Dr Mohaddes spoke about his two papers "A Counterfactual Economic Analysis of COVID-19 Using a Threshold Augmented Multi-Country Model" and "Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis".

Published on - Monday 19th October 2020

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Deep Trade Agreements - World Bank Webinar

Dr. Meredith Crowley will be presenting new research on trade agreements at the World Bank's "The Economics of Deep Trade Agreements Seminar Series". Dr. Crowley's new paper is "The Value of Deep Trade Agreements in the Presence of Pricing to Market", and is joint with Lu Han (Cambridge-INET affiliate and Lecturer at Liverpool University) and Thomas Prayer (Faculty of Economics, PhD student). Read More>>

Published on - Friday 16th October 2020

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Economics of Covid-19 and Brexit

Dr. Meredith Crowley was a panelist at the UK in a Changing Europe Isolation Insight Webinar, "Economics of Covid-19 and Brexit, revisited", where the panelists discussed the economics of the Covid-19 pandemic and the UK's exit from the EU. This online event took place on 15th October 2020. Read More>>

Published on - Friday 16th October 2020

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Brexit

Public Investment for the Recovery Seminar

The Centre for Economic Policy Research, the Graduate Institute, Geneva and the International Monetary Fund are hosting an online seminar with Professor Giancarlo Corsetti Raphael Espinoza (IMF) and Beatrice Weder di Mauro (CEPR) on Wendesday 21st October 2020, from 1.30pm. The panel will be discussing the October 2020 chapter of the IMF's Fiscal Monitor Report. Register your interest on CEPR event page.

Published on - Wednesday 14th October 2020

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Fiscal Policy

Public Investment

Recovery

Economic Impact From Covid

New research appears to indicate women on average have taken a larger economic impact than men as a result of Covid. Dr Christopher Rauh has examined the characteristics of workers furloughed in the UK during the coronavirus pandemic, and has found that women were much more likely to be furloughed. The prohibition on working whilst furloughed has also been routinely ignored, especially by men.

Published on - Tuesday 13th October 2020

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Pandemic Fears and Reactions

Dr. Flavio Toxvaerd was quoted in The Telegraph article "Fears Wet Weather Could Fuel Covid 19 Spread." and also commented on a recent No. 10 briefing where Boris Johnson shifted emphasis from blanket lockdowns to the use of regional and local measures for Science Media Centre "Expert Reaction to No. 10 Press Briefing on 30th September " Read More>>

Published on - Tuesday 6th October 2020

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Infectious Disease

What To Do If COVID-19 Is Here To Stay

Dr. Chryssi Giannitsarou and Flavio Toxvaerd's VOXeu "What To Do If COVID-19 Is Here To Stay" was quoted in Jeffrey Sparshott's Wall Street Journal Economics Blog "Newsletter: Expiration Date".

Published on - Tuesday 6th October 2020

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Teaching, Learning & Innovation Fund Award

Dr. Toke Aidt, Mr. Oleg Kitov and Dr. Vasileios Kotsidis have been awarded a grant by the Teaching, Learning & Innovation Fund (TLIF). Their project is titled "Learning By Doing: Introducing Practice Tests and Sustainable Feedback in the Economics Tripos". Read More>>

Published on - Monday 5th October 2020

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Learning

Practice Tests

Sustainable Feedback

Lessons from the Financial Crisis, Debt Crisis and Coronavirus Crisis

Dr. Petra Geraats gave an invited presentation on "The ECB's Monetary Strategy: Lessons from the Financial Crisis, Debt Crisis and Coronavirus Crisis" at the conference "The ECB and Its Watchers" at Goethe University in Frankfurt on 30th September 2020. The conference forms part of the monetary policy strategy review that the European Central Bank (ECB) launched on 23rd January 2020. Read More>>

Published on - Friday 2nd October 2020

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Welcome to Professor Eric French

The Faculty of Economics is delighted to welcome Professor Eric French to his position as the Montague Burton Professor of Industrial Relations and Labour Economics. Professor French joins us from University College London. His areas of expertise are labour economics, public finance and applied econometrics.

Published on - Thursday 1st October 2020

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Ideas of India Podcast

Dr Sriya Iyer was interviewed by Dr Shruti Rajagopalan for the Ideas of India podcast (Mercatus Center, Washington DC). They spoke about Dr Iyer's "The Economics of Religion" book and the links between economics and religion in India and the rise of Hindu nationalism. You can read and listen to the interview on the Mercatus Discourse website. Read More>>

Published on - Thursday 1st October 2020

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The Master And The Prodigy

There is little doubt that John Maynard Keynes fundamentally shaped economics and policymaking in the twentieth century. Less appreciated is that he owes some of his central insights to a brilliant Cambridge polymath who died in 1930 at age 26. Want to know more? Read Dr. Bill Janeway’s essay.

Published on - Wednesday 30th September 2020

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Keynes

Economics

IMF Publishes New Central Bank Transparency Code

As part of a High-Level Advisory Panel, Dr. Petra Geraats helped shape a new Central Bank Transparency Code, which has been published by The International Monetary Fund (IMF). The new Code, which has been approved by the IMF's Executive Board, replaces the IMF's Monetary and Financial Policies Transparency Code from 1999. Read More>>

Published on - Tuesday 29th September 2020

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The Economics of Infection

Dr. Flavio Toxvaerd was quoted in the following news outlets; the New Scientist, Medscape, The Sun and the Huffington Post, about his ongoing research into "The Economics of Infection". Dr Toxvaerd has also published a new blog for Economics Observatory, "Externalities: Why Do We Need Coordinated Public Action In The Pandemic?". Read More>>

Published on - Tuesday 29th September 2020

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Covid-19 Policy Response Open Letter

Dr. Flavio Toxvaerd was asked by the Science Media Centre to comment on this open letter to the Prime Minister and his team from a group across medicine, academia and other areas "Covid-19 policy response Open Letter" and Dr. Toxvaerd’s responses were published on the "Science Media Centre site.

Published on - Friday 25th September 2020

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What Data is Driving the UK’s New COVID-19 Restrictions?

Dr. Flavio Toxvaerd was quoted in the Independant "What is the Data Driving the UK’s New Coronavirus Restrictions?" and Daily Mail "Projection versus Reality – Experts say Britain Falls Short." in which Dr Toxvaerd claims that projections often rely ‘on behavioural assumptions that are unlikely to be borne out in practice and so the projections often look too gloomy in retrospect'. Read More>>

Published on - Wednesday 23rd September 2020

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Infectious Disease