skip to content

Research Interests

Macroeconomics; Global and National Macroeconometric Modelling; Energy Economics; Climate Change.


Kamiar Mohaddes is an economist at the Cambridge Judge Business School at the University of Cambridge and a Fellow in Economics at King's College, Cambridge. He is an Economic Research Forum (ERF) Research Fellow, and serves as its Thematic Co-Leader for the macroeconomics theme. He is also an Associate Researcher at the Energy Policy Research Group (EPRG) at the University of Cambridge, an Associate Fellow of the USC Dornsife Institute for New Economic Thinking, a Research Associate at the Globalization and Monetary Policy Institute at the Federal Reserve Bank of Dallas, and a Research Associate at the Centre for Applied Macroeconomic Analysis at ANU in Australia. His main areas of research are applied macroeconomics, global and national macroeconometric modelling, energy economics, and climate change. His articles have been published in a number of edited volumes (Cambridge University Press, Oxford University Press, and Routledge) as well as in leading journals, including the Journal of Applied Econometrics, Journal of International Economics, and the Review of Economics and Statistics. His research has also been covered in major international news outlets including the BBC, Bloomberg, The Economist, the Financial Times, Reuters, The Wall Street Journal, and the Washington Post. He holds a PhD in Economics from the University of Cambridge.

Recent Publications

Published Papers

Jibril, H., Chaudhuri, K., and Mohaddes, K. Asymmetric oil prices and trade imbalances: Does the source of the oil shock matter?, (2020) Energy Policy
Jarrett, U., Mohaddes, K. and Mohtadi, H. Oil price volatility, financial institutions and economic growth, (2019) Energy Policy
Mohaddes, K. and Raissi, M. The US oil supply revolution and the global economy, (2018) Empirical Economics
Chudik, A., Mohaddes, K., Pesaran, M. H. and Raissi, M. Rising Public Debt to GDP Can Harm Economic Growth, (2018) Economic Letter, Federal Reserve Bank of Dallas
Burney, N. A., Mohaddes, K., Alawadhi, A., and Al-Musallam, M. The dynamics and determinants of Kuwait's long-run economic growth, (2018) Economic Modelling

Cambridge Working Papers in Economics

Chudik, A., Mohaddes, K., Pesaran, M. H., Raissi, M. and Rebucci, A. A Counterfactual Economic Analysis of Covid-19 Using a Threshold Augmented Multi-Country Model, (2020) CWPE2088
Debnath, R., Darby, S., Bardhan, R., Mohaddes, K., Sunikka-Blank, M. Grounded reality meets machine learning: A deep-narrative analysis framework for energy policy research, (2020) CWPE2062
Mohaddes, K., and Williams, R. The Adaptive Investment Effect: Evidence from Chinese Provinces, (2020) CWPE2046
Couharde, C., Damette, O., Generoso, R., Mohaddes, K. The Growth Effects of El Niño and La Niña: Local Weather Conditions Matter, (2019) CWPE1992
Kahn, M. E., Mohaddes, K., Ng, R. N. C., Pesaran, M. H., Raissi, M. and Yang, J-C. Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis, (2019) CWPE1965

Chapter in Book

Mohaddes, K., Nugent, J.B, and Selim, H. Reforming fiscal institutions in resource-rich Arab economies: policy proposals, (2019) in the book: Institutions and macroeconomic policies in resource-rich Arab economies - Oxford University Press
Cashin, P., Mohaddes, K., and Raissi. M. The Global Impact of the Systemic Economies and MENA Business Cycles, (2016) in the book: Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies - Cambridge University Press
Mohaddes, K., and Raissi. M. Does Inflation Slow Long-Run Growth in India?, (2016) in the book: Taming Indian Inflation - International Monetary Fund
Chudik, A., Mohaddes, K., Pesaran, M. H. and Raissi, M. Long-Run Effects in Large Heterogeneous Panel Data Models with Cross-Sectionally Correlated Errors, (2016) in the book: Advances in Econometrics (Volume 36): Essays in honor of Aman Ullah - Emerald Group Publishing Limit
Mohaddes, K. and Pesaran, M.H. One Hundred Years of Oil Income and the Iranian Economy: A Curse or A Blessing?, (2013) in the book: Iran and the Global Economy: Petro Populism, Islam and Economic Sanctions - Routledge

Edited Books

eds. Mohaddes, K., Nugent, J. and Selim, H. Institutions and Macroeconomic Policies in Resource-Rich Arab Economies, (2019) - Oxford University Press

Recent Activities

Iran Faces Fourth Crisis in Oil Crash
Dr. Kamiar Mohaddes was interviewed by Newsweek in the article "Iran Faces Fourth Crisis in Oil Crash Amid U.S. Sanctions, Coronavirus and Protests", which looks at the role of the corona virus, U.S. sanctions, and the slow down in oil markets on the Iranian economy.
Published on - Thursday 12th March 2020

Sandra Batten "Central Banks and Climate Change" - Public Talk
As part of the Rebuilding Macroeconomics Cambridge-INET Sustainable Growth Hub Workshop, Rebuilding Macroeconomics and Cambridge-INET are hosting a public talk by Sandra Batten (Bank of England) on Monday 16th March 2020, 03:15pm - 04:30pm in King's College, Cambridge.
Event Date - Monday 16th March 2020

Rebuilding Macroeconomics Cambridge-INET Sustainable Growth Hub Workshop
Rebuilding Macroeconomics and Cambridge-INET are hosting the Sustainable Growth Hub Workshop at King's College, University of Cambridge on 16th March 2020. The aim of this workshop is to discuss the preliminary results of projects funded by the Hub. Presentations will be given on some interim findings to open up a general discussion and encourage a cross-fertilization of ideas from members of the Network.
Event Date - Monday 16th March 2020

The Price of Warming
Dr. Kamiar Mohaddes's paper "Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis" (joint with Kahn, M. E., Ng, R. N. C., Pesaran, M. H., Raissi, M. and Yang, J-C.) has been covered in Scientific American's November issue, "Warming Will Cost Rich and Poor Countries Alike".
Published on - Monday 28th October 2019

What Does the Oil Price Surge Mean for the UK Economy?
Dr. Kamiar Mohaddes's paper "Country-Specific Oil Supply Shocks and the Global Economy: A Counterfactual Analysis" (joint with M. Hashem Pesaran, University of Southern California) has been covered in an article by the Telegraph, "What does the oil price surge mean for the UK economy?".
Published on - Tuesday 17th September 2019

Keynes Fund Sponsored Projects

Mohaddes, K., Pesaran, M. H. and Raissi, M., Climate Change, Volatility, and Economic Growth: Evidence from U.S. States (JHOU)
Mohaddes, K., Cavalcanti, T. V. D. and Da Mata, D., Climate Volatility, Weather Shocks and Economic Growth: Within-Country Evidence from Brazil (JHUD)


PIIB Paper 8 - Lent - Development Economics II
Diploma Paper 2 - Macroeconomics

Dr Kamiar Mohaddes

University Senior Lecturer in Economics & Policy (Cambridge Judge Business School) and Fellow in Economics (King's College)

Research Group:

CV: Curriculum Vitae

Contact Details
Room: 97
Office Hours: By appointment only
College: Girton College