Latest News
Citigroup Names Jane Fraser as New CEO
On 10 September, Citigroup named Cambridge Economics Alumna Jane Fraser as their new chief executive. This is the first time that a woman has been appointed as CEO of a large Wall Street bank. Jane Fraser attended Girton College between 1985 and 1988 and graduated with a BA from the Economics Tripos in 1988. The Faculty of Economics would like to congratulate her on this historic and prestigious appointment. Read More>>
Published on - Tuesday 15th September 2020
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Appointed to Board of Economists, São Paulo
We are pleased to announce that Dr Tiago Cavalcanti has been appointed to join the Board of Economics of the State of São Paulo in Brazil. The group will provide external expert economic analysis, current and future financial outlooks, and advice to the governor of São Paulo and state secretaries. Read More>>
Published on - Wednesday 16th September 2020
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Working From Home: The Polarising Workplace
Dr Christopher Rauh, with Abi Adams-Prassl (University of Oxford), Teodora Boneva (University of Zurich) and Marta Golin (University of Oxford) have published an article for VOXeu titled "Working From Home: The Polarising Workplace". This column uses survey data from the US and the UK to demonstrate systematic variation in individuals’ ability to work from home both across and within occupations and industries.
Published on - Wednesday 9th September 2020
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COVID-19 Symposium of the EEA
Dr. Flavio Toxvaerd spoke recently about ‘Future Challenges for Economic Epidemiology’ at the COVID-19 Symposium of the European Economic Association. A video of Dr. Toxvaerd's talk is available to watch on the EEA youtube channel. Read More>>
Published on - Monday 7th September 2020
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D-DebtCon Webinar
Prof. Giancarlo Corsetti will be speaking at the D-DebtCon Webinar entitled ‘Sovereign Debt in the European Union’ on 8 September 2020 at 3.30PM CEST on ‘Debt Crises Fast and Slow’. See the Programme and Registration details.
Published on - Tuesday 1st September 2020
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Behaviour and Mandatory Face Masks
Dr. Flavio Toxvaerd has written a new entry for the Economics Observatory asking Do people change their behaviour when face masks are mandatory?
Published on - Tuesday 1st September 2020
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European Parliament and Future EU-UK Trade Relations Webinar
Dr. Meredith Crowley will be a panellist on the live webinar "The European Parliament and Future EU-UK Trade Relations", organised by the European Parliament Liaison Office in the United Kingdom. The webinar will take place on Thursday 3rd September 2020, between 12:30-2:00pm. It is open to all and registration is free.
Published on - Thursday 23rd July 2020
Tags:EEA Congress Covid 19 Symposium
Dr. Flavio Toxvaerd will be speaking at the Covid 19 Symposium on August 28th 2020 at 15.30 CEST organised by the EEA Congress and will look at future challenges for the epi-economics literature. Prof. Oriana Bandiera Prof. Oriana Bandiera will discuss the impact on lower-income countries and appropriate policy responses while Prof. Daron Acemoglu Prof. Daron Acemoglu looks at the political ramifications of the crisis.
Published on - Friday 28th August 2020
Tags:Production Network Analysis and COVID-19 Policy
Professor Vasco Carvalho and Professor Andrea Galeotti (London Business School) have published an article for Economics Observatory on "How Can Production Network Analysis Inform Policy on COVID-19?". This article looks at how production network analysis can provide insights into the effects of imposing and lifting lockdowns, which in turn can lead to policies to support recovery.
Published on - Tuesday 25th August 2020
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Herd Immunity – Crucial Yet Irrelevant
Dr. Flavio Toxvaerd has published a new Bennett Institute for Public Policy blog "Herd Immunity – Crucial Yet Irrelevant" and working paper "On the Management of Population Immunity" (joint with Prof. Robert Rowthorn). Both the paper and blog look at the use of costly treatments or vaccinations on infectious diseases and the idea that once immune, individuals indirectly protect the remaining susceptibles, who benefit from a measure of herd immunity.
Published on - Tuesday 18th August 2020
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Economic Aspects of the COVID-19 Crisis in the UK
Professor Vasco Carvalho and Dr Flavio Toxvaerd are among the authors of a Royal Society DELVE Initiative Report which looks at the new challenges for the economy and public health that the COVID-19 Pandemic will bring over the coming years. Read More>>
Published on - Friday 14th August 2020
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Economics of Brexit Conference For Early Career Researchers - Call for Papers
The UK in a Changing Europe, supported by Cambridge-INET, is organising a one-day virtual conference on the Economics of Brexit for Early Career Researchers (untenured assistant professors, postdocs, and PhD students) to take place on the 22nd September 2020, via Zoom. The deadline for submissions is 4th September 2020. Read More>>
Published on - Thursday 13th August 2020
Tags:The Heterogeneous Transmission of ECB Policies in a Post-COVID Europe
Professor Giancarlo Corsetti, Joao B. Duarte (Nova School of Business and Economics) and Samuel Mann (IMF) have published an article for VOXeu titled "The Heterogeneous Transmission of ECB Policies: Lessons for a Post-COVID Europe". This column suggests that the disruption to market integration brought about by the COVID-19 crisis may create further challenges to conducting monetary policy in the euro area.
Published on - Friday 7th August 2020
Tags:Can Social Distancing Improve the Trade-off Between Health and the Economy?
Professor Giancarlo Corsetti will give the Cambridge Institute of Therapeutic Immunology and Infectious Disease's COVID-19 Weekly Webinar on "Can Social Distancing Improve the Trade-off Between Health and the Economy?". The webinar will take place online on Thursday 6th August 2020 at 2.00pm and will be hosted by Dr. Nicholas Matheson (CITIID PI and consultant in Infectious Diseases).
Published on - Wednesday 5th August 2020
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Ellen McArthur Prize for Best Dissertation in Economic History
The Faculty is delighted to announce that Emma Taylor from Pembroke College has won the Ellen McArthur prize for best dissertation in Economic History. Emma’s dissertation on ‘Spatial autocorrelation and its impact on the validity of persistence studies’ was selected as the best contribution to economic history submitted this year, in either the Faculty of Economics or the Faculty of History.
Published on - Monday 27th July 2020
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Adam Smith Prize Winners 2020
The Faculty is proud to announce the winners of the Adam Smith Prize for 2020. The prize for best overall performance was shared by Liam Grant (St John’s College), David Lee (Christ’s College) and Neal Patel (Homerton College). The prize for the best dissertation was awarded to Andrew Koh (Hughes Hall) and Michael Bennett (St John’s College).
Published on - Monday 27th July 2020
Tags:Fellowship of the British Academy
The Faculty would like to congratulate Professor Giancarlo Corsetti, who has been elected a Fellow of the British Academy. A Fellowship of the British Academy (FBA) is an award granted by the British Academy to leading academics for their distinction in the humanities and social sciences. Read More>>
Published on - Friday 24th July 2020
What to do if COVID-19 is Here to Stay
Dr. Chryssi Giannitsarou and Flavio Toxvaerd have published an article for VOXeu titled "What To Do If COVID-19 Is Here To Stay". This column considers the possibility that immunity is only temporary, which in practice, means that partial lockdowns and social distancing measures may be the norm for years to come.
Published on - Monday 20th July 2020
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Keynes Fund 17th Call for Projects
The Keynes Fund has announced it's 17th Call for Projects. The deadline for project proposals is 30th September 2020. Please see the Keynes Fund site for the criteria and details of the project applications process.
Published on - Monday 20th July 2020
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ASREC 24 hour Conference Event - Call for Papers
The Association for the Study of Religion, Economics, And Culture (ASREC) will hold a 24 hour virtual conference on the 20th November 2020. Ahead of this event, they have just released a Call for Papers. The deadline to submissions is the 18th September 2020. Dr Sriya Iyer is part of the Organizing Committee for the Europe/Africa/MENA regions.
Published on - Thursday 2nd July 2020
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Amartya Sen Lecture, HDCA Conference - Video
Dr. José Gabriel Palma, who retired from his Senior Lectureship in the Faculty in 2014, delivered the "Amartya Sen Lecture" at this years Human Development and Capability Association Conference in New Zealand (Online). The title of his lecture was "What Went Wrong With European Social Democracy: On Building a Debilitating Capitalism, Where Even the Welfare State Subsidises Greater Market Inequality". Read More>>
Published on - Tuesday 30th June 2020
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How Do People React To Lockdown?
Dr. Weilong Zhang and Xiaomeng Li (MPhil Student) have just published a Special Feature on The COVID-19 Economic Research website about "Pandemic Personalities: How do People React to Lockdown?", which explores whether a persons personality traits have an effect on their response to the COVID-19 crisis.
Published on - Friday 26th June 2020
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Faculty Academic Promotions 2020
The Faculty of Economics is very pleased to announce that Dr. Aytek Erdil has been promoted to a University Readership. This promotion will come into effect from 1st October 2020.
Published on - Thursday 25th June 2020
Emerging Market Currency Risk Around ‘Global Disasters’
Professor Giancarlo Corsetti has had a chapter published in CEPR's ebook "COVID-19 in Developing Economies". The chapter "Emerging Market Currency Risk Around ‘global disasters’: Evidence from the Global Financial Crisis and the COVID-19 Crisis" (joint with Simon Lloyd (Bank of England) and Emile Marin (PhD Candidate)) Read More>>
Published on - Wednesday 24th June 2020
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UK-US Trade Deal Negotiations
Dr. Meredith Crowley gave testimony to the House of Commons International Trade Committee, via Zoom, on the 17th June 2020. You can watch a video of the meeting on the parliamentlive.tv website.
Published on - Monday 22nd June 2020
Tags:The Brexit Negotiations: A Stocktake
Dr. Meredith Crowley is one of the authors of a new report called "The Brexit Negotiations: A Stocktake", published by academic think tank UK in a Changing Europe. This report finds that it is hard to see how the sort of comprehensive deal the UK and EU say they want can be agreed without an extension. Read More>>
Published on - Thursday 18th June 2020
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CERF Best Student Paper Award
The Faculty and Cambridge-INET Institute would like to congratulate PhD candidate and Cambridge Trust Cambridge-INET Scholarship student, Seung Hyun Maeng, who was one of just three students to win the CERF best student paper award for his paper "Debt Crises, Fast and Slow" (joint with Giancarlo Corsetti).
Published on - Friday 12th June 2020
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Can Social Distancing Improve the Trade Off between Health and Economy?
Professor Giancarlo Corsetti's article entitled "Can Social Distancing Improve the Trade Off between Health and Economy?", which discusses how public health measures such as social distancing can reduce deaths by keeping the number of infected individuals from exceeding the capacity of the health care system has been featured by CNN and Trends (in Dutch).
Published on - Thursday 4th June 2020
Tags:Will ‘level playing field’ Issues Derail the UK-EU Negotiations?
UK in a Changing Europe have published a blog by Dr. Meredith Crowley and Dr. Lu Han on "Will ‘level playing field’ Issues Derail the UK-EU Negotiations?" The blog poses that key question now is whether the two sides will be able to bridge the gap in a way that facilitates continued negotiation and, ultimately, a free trade deal.
Published on - Tuesday 2nd June 2020
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Monetary Networks - Project
Dr Edoardo Gallo has been awarded a grant by the International Foundation for Research in Experimental Economics (IFREE) for a project on "Monetary networks". The project is led by Dr. Gallo as principal investigator (PI) in collaboration with Professor Maria Bigoni (University of Bologna) and Professor Gabriele Camera (Chapman University).
Published on - Sunday 24th May 2020
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Are Women Publishing Less During the Pandemic?
Dr Noriko Amano Patino's VOXeu article and paper (joint with Elisa Faraglia, Chryssi Giannitsarou and Zeina Hasna), entitled "Who is doing new research in the time of COVID-19? Not the female economists" was quoted in the Nature article "Are Women Publishing Less During the Pandemic?" which looks at the unequal effects of COVID-19 on research productivity. Read More>>
Published on - Friday 29th May 2020
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Is this the End of Globalisation?
Dr. Ha-Joon Chang was interviewed by Matthew Taylor (Royal Society of Arts, Chief Executive) as part of the RSA special interview series "Bridges to the Future - Response to Covid-19". This series aims to assess the scale of the COVID-19 response and consider how we build effective bridges to our new future.
Published on - Tuesday 19th May 2020
Tags:Perpetual Bonds are not the Best Way to Finance the European Recovery Fund
Professor Giancarlo Corsetti, Aitor Erce and Antonio Garcia Pascual's article "Perpetual bonds are not the best way to finance the European Recovery Fund" has been featured by VoxEU CEPR Policy Portal. This column looks at the potential gains of using European borrowing and lending as two separate policy levers, instead of financing the ERF using joint perpetual debt.
Published on - Monday 18th May 2020
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Athena SWAN Bronze Award 2020
The Faculty of Economics is pleased to announce that it has been formally recognised for its commitment to equality by achieving the Athena SWAN Bronze award for the first time.
Published on - Monday 18th May 2020
Will the UK’s Free Ports Project Survive Covid-19?
Dr. Meredith Crowley was quoted in the New Statesman article "Will the UK’s free ports project survive Covid-19?" which looks at the delays and possible cancellation of UK free ports project after the COVID-19 crisis.
Published on - Wednesday 13th May 2020
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Lindau Meeting on Economic Sciences
The Faculty would like to congratulate PhD candidates Keith Chan and Lukas Freund, who have been selected to attend the Lindau Meeting on Economic Sciences. This event gathers young economists from around the globe and Laureates in Economic Sciences, for an in-depth exchange of knowledge and ideas.
Published on - Thursday 7th May 2020
The Economics of Biodiversity
Professor Sir Partha Dasgupta will be talking to Minouche Shafik (LSE Director) about his research into "The Economics of Biodiversity". The virtual event will take place on Thursday 7th May 2020 1.00pm to 2.00pm and is hosted by the Grantham Research Institute on Climate Change and the Environment. Please see the LSE event page for details and to register your interest.
Published on - Wednesday 6th May 2020
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Transatlantic Trade and Economic Cooperation through the Pandemic
Dr. Meredith Crowley will join Ed Balls, Nick Macpherson, and George Osbourne to discuss Covid-19 and the next round of the UK-US Free Trade Agreement at a webinar organised by The Strand Group. Please register to watch the webinar.
Published on - Tuesday 5th May 2020
Tags:Who is Doing New Research in the Time of COVID-19?
Dr. Noriko Amano-Patiño, Dr. Elisa Faraglia, Dr. Chryssi Giannitsarou and PhD candidate Zeina Hasna have published an article for VOXeu titled "Who is doing new research in the time of COVID-19? Not the female economists". This column suggests that the effects of lockdowns on the division of labour at home have been particularly detrimental to the research activity of women.
Published on - Monday 4th May 2020
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Can Social Distancing Improve Trade Between Health And Economy?
Professor Giancarlo Corsetti's research entitled "Can Social Distancing Improve Trade Between Health And Economy?" has been featured by CNBC and University of Cambridge Research News. Read More>>
Published on - Friday 1st May 2020
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Economics of Biodiversity
Professor Sir Partha Dasgupta's independant global review on the Economics of Biodiversity has been published by the HM Treasury. The Review was commissioned last year by HM Treasury and is supported by an Advisory Panel drawn from public policy, science, economics, finance and business.
Published on - Friday 1st May 2020
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COVID-19: Beyond the Virus
Dr. Christopher Rauh has been interviewed about his research in a Naked Scientists podcast entitled "COVID-19: Beyond the Virus" which looks at the impacts of coronavirus beyond the virus: how is it hitting economies, universities and our mental wellbeing plus, researchers come up with a way out of the lockdown.
Published on - Thursday 30th April 2020
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Mark Hayes 1956-2019
The Faculty is saddened to announce that Mark Hayes passed away on 15th December 2019. He was the Director of Studies in Economics at Robinson College from 2009-2014 and an Affiliated Lecturer in the Faculty from 2013-2015. Read More>>
Published on - Wednesday 29th April 2020
Is The ESM’s Pandemic Crisis Support Fit For Purpose?
Professor Giancarlo Corsetti, and Aitor Erce have published an article for VOXeu titled "Maturity, Seniority and Size: Make sure the ESM’s pandemic crisis support is fit for purpose!". This column looks at the discussions around the European Stability Mechanism (ESM) credit line and if the ESM should consider waiving its seniority and engaging with countries using longer maturity structures.
Published on - Wednesday 29th April 2020
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COVID-19 is Not World War II - William H. Janeway
Dr. William H. Janeway's article titled "Covid 19 is not World War II" which discusses how the COVID-19 era has little in common with the US mobilization for war in the 1940s has appeared in Project Syndicate. Read More>>
Published on - Tuesday 28th April 2020
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Are COVID-19 Lockdowns Distorting Inflation?
Professor Vasco Carvalho's research on the “real time evolution” of economic activity during the COVID-19 pandemic has been featured in The Economist. His research has also appeared in the University of Cambridge Research News, the El Pais Newspaper and a number of other Spanish media outlets, Read More>>
Published on - Friday 24th April 2020
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COVID-19 and the Effect on Workers
Dr. Christopher Rauh's research into The Economic Impact of COVID-19 on Workers has been featured in by number of media outlets, including The Economist, The Telegraph, The Independent, The Times, The Guardian, The Washington Post, Wired, Vice, Mirage News, BBC Newsnight and University of Cambridge Research News.
Published on - Thursday 23rd April 2020
Tags:The COVID-19 Crisis Through the Lens of 1.4 Billion Transactions
Professor Vasco Carvalho working with economists at University of Edinburgh, Imperial College and at the Spanish bank BBVA, one of the largest financial institutions in the world, studies the “real time evolution” of economic activity during the COVID-19 pandemic. Read More>>
Published on - Wednesday 15th April 2020
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Professor Jane Humphries awarded RES Prize
Jane Humphries, who was Lecturer and then Reader in the Faculty (and a Fellow of Newnham College) from 1979 to 1999, has with Jacob Weisdorf been awarded the Royal Economic Society Prize for their ground breaking work on `Unreal Wages? Real Income and Economic Growth in England, 1260-1850,’ in which they argue that that modern economic growth started not in the 19th century, as is typically argued, but in the late 16th Century, some 200 years earlier than previously thought.
Published on - Tuesday 14th April 2020
The Dollar and International Capital Flows in the COVID-19 Crisis
Professor Giancarlo Corsetti, and Emile Marin have published an article for VOXeu titled "The dollar and international capital flows in the COVID-19 crisis". This column shows that in crises, the dollar tends to appreciate – especially against emerging market currencies – and dollar liquidity becomes scarce.
Published on - Friday 3rd April 2020
Tags:The Economic Impact of COVID-19 on Workers
Dr. Christopher Rauh (joint with former PhD student Teodora Boneva, Abi Adams-Prassl and Marta Golin) has just published two working papers looking at the economic impacts of COVID-19 on workers in the UK and US. Read More>>
Published on - Thursday 2nd April 2020
Tags:Covid Economics: A Real-Time Journal
Professor Giancarlo Corsetti joins the editorial board promoting, "Covid Economics: A Real-Time Journal (CEJ)". The Centre for Economic Policy Research (CEPR) has decided to launch this new online peer-reviewed review to disseminate emerging scholarly work on the Covid-19 epidemic. CEPR have just published Covid Economics: Vetted and Real-Time Papers Issue 1.
Published on - Saturday 28th March 2020
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Is Panic Buying Irrational?
Dr. Juan Block was interviewed by Lizzy Burden of The Telegraph, for the article "Is Panic Buying Irrational? Here's Why It Can Seem To Make Economic Sense", which discusses different theoretical rationale behind panic buying.
Published on - Monday 23rd March 2020
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