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No Country ‘immune’ to COVID-19 Economic Shock

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

Tags:

COVID-19

Global Economy

Recession

China


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

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

Tags:

COVID-19

Economic Impact

Policy

Tier System


Government Paper Offers no Assessment of Economic Impact of Tier Restrictions

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

Tags:

COVID-19

Economic Impact

Policy

Tier System


European Economic Review Editorial Board

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

Tags:

Europe

Journal

Editorial Board

Women in Economics


Video: Economics and the Epidemic: Models, Behaviour and Policy

Video: 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

Tags:

COVID-19

Epidemiology

Policy

Public Health


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

Video: 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

Tags:

COVID-19

Global Economy

Financial Economics


Managing COVID-19 Vaccines Rationally

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

Tags:

COVID-19

Social Distancing

Policy

Vaccines


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

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

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

Tags:

COVID-19

Recession

Iran

Global Economy


Talk: Economics and the Epidemic

Talk: 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

Tags:

COVID-19

Epidemiology

Policy

Public Health


Costs and Benefits of Circuit Breakers and Lockdowns

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

Tags:

COVID-19

Lockdown

Economic Cost

Infectious Disease


Climate Change and the Economics of Biodiversity

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

Tags:

Biodiversity

Climate Change

Environment


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

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

Tags:

Decolonising Economics

Economic Development

Women in Economics


The Freeport Con

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

Tags:

Freeports

Brexit

Trade

Women in Economics

Brexit Project Page >>


Curbing the Covid-19 Pandemic to Save the Economy

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

Tags:

COVID-19

Epidemiology

Economic Impact

Infectious Disease


Costs and Benefits of Suppressing COVID-19

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

Tags:

COVID-19

Lockdown

Economic Cost

Infectious Disease


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

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

Tags:

COVID-19

Global Crisis

Recession

Global Economy


Lives Vs Livelihoods? The Economics of Controlling COVID-19

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

Tags:

COVID-19

Lockdown

Economic Cost

Health


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

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

Tags:

US Election

Trade

Brexit

Women in Economics

Brexit Project Page >>


Lockdowns Are Just One Tool

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

Tags:

COVID-19

Lockdown

Economic Cost

Infectious Disease


Election Shock: Social Networks and Confirmation Bias

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

Tags:

US Election

Voting

Networks

Social Media


Do Lockdowns Simply Postpone The Pain Of Covid-19?

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

Tags:

COVID-19

Lockdown

Policy

Women in Economics


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

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

Tags:

Inequality

Health

Policy

Women in Economics


Indirect Costs of the UK’s Furlough Scheme

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

Tags:

COVID-19

Employment

Recovery

Workers


Professor Chris Abell FRS, FMedSci (1957 – 2020)

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

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

Tags:

US Election

Brexit

No Deal

Women in Economics

Brexit Project Page >>


European Economic Review Special Section

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

Tags:

COVID-19

Infectious Disease

Policy

Epidemics


European Commission and De Nederlandsche Bank Conference Keynotes

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

Tags:

Monetary Policy

Interest Rates

Secular Stagnation

Policy


Tight Race in US Election 2020 Forecast

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

Tags:

US

Heterogeneity

COVID-19

US Election


Economic Consequences of Covid-19

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

Tags:

COVID-19

Global Economics

Recession

Policy


Effect on Global Economy of Reimposed EU Lockdowns

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

Tags:

COVID-19

Lockdown

Policy

Social Distancing


Nobel Prize for Economist Who Gave Marshall Lecture

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

Tags:

Markets

Game Theory

Applied Economics

Technology


China's Economic Recovery Gains Momentum

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

Tags:

China

COVID-19

Economic Growth

Recovery


The Economics of a Green Recovery

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

Tags:

COVID-19

Climate Change

Recovery

Economic Analysis


Deep Trade Agreements - World Bank Webinar

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

Tags:

Trade

World Bank

Markets

Women in Economics

Brexit Project Page >>


Economics of Covid-19 and Brexit

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

Tags:

Brexit

COVID-19

UK

Women in Economics

Brexit Project Page >>


Public Investment for the Recovery Seminar

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

Tags:

Fiscal Policy

Public Investment

Recovery


Economic Impact From Covid

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

Tags:

COVID-19

Employment

Workers

Inequalities


Pandemic Fears and Reactions

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

Tags:

COVID-19

Infectious Disease

Policy


What To Do If COVID-19 Is Here To Stay

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

Tags:

COVID-19

Social Distancing

Lockdown

Women in Economics


Teaching, Learning & Innovation Fund Award

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

Tags:

Learning

Practice Tests

Sustainable Feedback



Welcome to Professor Eric French

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

Tags:

Labour Economics

Public Finance

Applied Econometrics

Montague Burton


Ideas of India Podcast

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

Tags:

Religion

India

Development

Women in Economics


The Master And The Prodigy

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

Tags:

Keynes

Policy

Economics


IMF Publishes New Central Bank Transparency Code

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

Tags:

Central Banks

Transparency

Monetary Policy

Women in Economics


The Economics of Infection

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

Tags:

COVID-19

Infectious Disease

Social Distancing

Externalities


Covid-19 Policy Response Open Letter

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

Tags:

COVID-19

Health

Inequality

Economic Impact


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

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

Tags:

COVID-19

Infectious Disease

Policy


Testing Meritocracy in University Admissions

Testing Meritocracy in University Admissions 

Dr. Debopam Bhattacharya and Renata Rabovic (former Postdoctoral Researcher, Faculty of Economics) have published an article for VOXeu titled "Testing Meritocracy in University Admissions". This column uses a novel, outcome-based test of merit-based admissions at Cambridge University, to look at the controversial issue of the balance between merit and diversity in university admissions.

Published on - Monday 21st September 2020


Post-Pandemic Debt Sustainability in the EU/Euro Area

Post-Pandemic Debt Sustainability in the EU/Euro Area 

Professor Giancarlo Corsetti and Lorenzo Codogno (Visiting Professor in Practice, LSE) have published an article for VOXeu titled "Post-Pandemic Debt Sustainability in the EU/Euro Area: This Time May (and should) Be Different". This column suggests that the implementation of The EU Recovery Plan could give a substantial boost to the economy and fiscal revenues under very conservative assumptions on multipliers. Read More>>

Published on - Friday 18th September 2020

Tags:

COVID-19

Debt

Economy

EU


Female Researchers and Publications During COVID-19 Podcast

Female Researchers and Publications During COVID-19 Podcast 

Dr Noriko Amano Patino was interviewed for the Cambridge Centre for International Research’s Ideas & Innovation Talk Series about her joint paper with Elisa Faraglia, Chryssi Giannitsarou and Zeina Hasna titled "The Unequal Effects of Covid-19 on Economists' Research Productivity" which looks at the unequal effects of COVID-19 on research productivity. Read More>>

Published on - Friday 18th September 2020

Tags:

COVID-19

Employment

Gender

Women in Economics


Appointed to Board of Economists, São Paulo

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

Tags:

Economic Analysis

Economics

Policy

Brazil


Citigroup Names Jane Fraser as New CEO

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

Tags:

Women in Economics

Banking

Finance


Working From Home: The Polarising Workplace

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

Tags:

COVID-19

Employment

Workers

Inequalities


COVID-19 Symposium of the EEA

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

Tags:

COVID-19

Infectious Disease

Policy


Behaviour and Mandatory Face Masks

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

Tags:

COVID-19

Social Distancing

Economy

Lockdown


D-DebtCon Webinar

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

Tags:

COVID-19

Economy

Policy

Debt


EEA Congress Covid 19 Symposium

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:

COVID-19

Infectious Disease

Policy


Production Network Analysis and COVID-19 Policy

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

Tags:

COVID-19

Networks

Policy

Production Networks


Herd Immunity – Crucial Yet Irrelevant

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

Tags:

COVID-19

Infectious Diseases

Herd Immunity


Economic Aspects of the COVID-19 Crisis in the UK

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

Tags:

COVID-19

Economy

Public Health

UK


Economics of Brexit Conference For Early Career Researchers - Call for Papers

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:

Brexit

Europe

Economic Impact

Brexit Project Page >>


The Heterogeneous Transmission of ECB Policies in a Post-COVID Europe

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:

COVID-19

Policy

Europe

Heterogeneity


Can Social Distancing Improve the Trade-off Between Health and the Economy?

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

Tags:

COVID-19

Social Distancing

Health

Economy


Adam Smith Prize Winners 2020

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:

Networks

Consumers


Ellen McArthur Prize for Best Dissertation in Economic History

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

Tags:

Economic History

Women in Economics


Fellowship of the British Academy

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


European Parliament and Future EU-UK Trade Relations Webinar

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:

Brexit

Trade

EU

Women in Economics

Brexit Project Page >>


Keynes Fund 17th Call for Projects

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

Tags:

Keynes

Applied Economics


What to do if COVID-19 is Here to Stay

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

Tags:

COVID-19

Social Distancing

Lockdown

Women in Economics


ASREC 24 hour Conference Event - Call for Papers

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

Tags:

Social Economics

Religion

Culture


Amartya Sen Lecture, HDCA Conference - Video

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

Tags:

Europe

Capitalism

Markets

Inequality


How Do People React To Lockdown?

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

Tags:

COVID-19

Lockdown

UK

Personality Traits


Faculty Academic Promotions 2020

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’

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

Tags:

COVID-19

Markets

Currency

Risks


UK-US Trade Deal Negotiations

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:

Brexit

Trade

Negotiations

EU

Brexit Project Page >>


The Brexit Negotiations: A Stocktake

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

Tags:

Brexit

Trade

Negotiations

EU

Brexit Project Page >>


CERF Best Student Paper Award

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

Tags:

Debt Crises

Debt

Markets


Can Social Distancing Improve the Trade Off between Health and Economy?

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:

COVID-19

Global Economics

Social Distancing

Health


Will ‘level playing field’ Issues Derail the UK-EU Negotiations?

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

Tags:

Trade

Brexit

EU

Trade Deal

Brexit Project Page >>


Are Women Publishing Less During the Pandemic?

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

Tags:

COVID-19

Employment

Gender

Women in Economics


Monetary Networks - Project

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

Tags:

Networks

Monetary

Experimental Economics


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