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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. and Raissi, M. Covid-19 Fiscal Support and its Effectiveness, (2021) CWPE2116
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
Debnath, R., Bardhan, R., Darby, S., Mohaddes, K., Sunikka-Blank, M., Coelho, A C V., Isa, A. A deep-narrative analysis of energy cultures in slum rehabilitation housing of Abuja, Mumbai and Rio de Janeiro for just policy design, (2020) CWPE20101

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

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.
Published on - Thursday 11th February 2021

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.
Published on - Tuesday 15th December 2020

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.
Published on - Monday 7th December 2020

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.
Published on - Friday 4th December 2020

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.
Published on - Thursday 3rd December 2020

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
College: Girton College