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Research Interests

Macroeconomic modelling, optimal policy and formulation.

Recent Publications

Published Papers

Bhattacharjee, A., Holly, S. and Mur, J. Contemporary developments in the theory and practice of spatial econometrics, (2018) Spatial Economic Analysis
Bailey, N., Holly, S. and Pesaran, M.H. A two-stage approach to spatio-temporal analysis with strong and weak cross-sectional dependence, (2016) Journal of Applied Econometrics
Bhattacharjee, A. and Holly, S. Influence, interactions and heterogeneity: taking personalities out of monetary policy decision-making, (2015) Manchester School
Chadha, J.S., Corrado, L. and Holly, S. A note on money and the conduct of monetary policy, (2014) Macroeconomic Dynamics
Holly, S., Petrella, I. and Santoro, E. Aggregate fluctuations and the cross-sectional dynamics of firm growth, (2013) Journal of the Royal Statistical Society: Series A

Cambridge Working Papers in Economics

Devonald, L., Higson, C., Holly, S. Aggregate and Firm level volatility: the role of acquisitions and disposals., (2017) CWPE1748
Bhattacharjee, A., Higson, C. and Holly, S. Operating Leverage over the Business Cycle, (2015) CWPE1535
Bailey, N., Holly, S. and Pesaran, H. A Two Stage Approach to Spatiotemporal Analysis with Strong and weak cross Sectional Dependence , (2013) CWPE1362
Chadha, J. S., Corrado, L. and Holly, S. A Note on Money and the Conduct of Monetary Policy, (2013) CWPE1329
Corrado, L., Holly, S. and Raissi, M. Persistent Habits, optimal Monetary Policy Inertia and Interest Rate Smoothing, (2012) CWPE1247

Recent Activities

51st MMF Annual Conference - Publication Date: 2019-09-30
The Money Macro and Finance Research Group will hold their 51st Annual Conference on 1st - 3rd September 2020, in Gillespie Centre, Clare College, Cambridge. More details of this event will follow shortly.
National Institute for Economic and Social Research - Publication Date: 2018-11-09
Dr. Ha-Joon Chang and Dr. Sean Holly have both been appointed a Governors of the National Institute for Economic and Social Research for a five year term. The NIESR is Britain's longest established independent research institute, founded in 1938.

Research Grants

Cross Section Dependence In Panel Data Models (ESRC)
Citigroup Phd Studentships In Inflation Studies (CITIGROUP GLOBAL MARKETS LTD)
Eumicro: The Microeconomics Of Growth Across Regions In Europe (EC FP6 MC)
Finess: Financial Systems, Efficiency And Stimulation Of Sustainable Growth (EC FP7 CP)
Marie Curie Intra-European Fellowship For Dr Luisa Corrado: Regional Convergence Clusters Across Europe: Methodological Issues And Empirical Evidence (Eurecon) (EC FP6 MC)
Dynamic Panel Analysis Of Interactions And Nonlinearities (ESRC)
Profitability, Acquisition And Failure Of Uk Quoted Companies Over The Business Cycle (KPMG)
Fw5 Network: European Forecasting Network (EC FW5 NETWORKS)

Keynes Fund Sponsored Projects

Aggregate and Firm level volatility (JHOI)


PIIB Paper 2 - Michaelmas - Macroeconomic Policy
Diploma - Macroeconomics

PhD Students


Alfie Lake
PhD Title: Empirical Analyses of Housing Cycles and Macroeconomics
Research: Housing Cycles, Behavioural Macroeconomics and Finance, Macroeconometrics

Dr Sean Holly

University Reader,
Faculty of Economics
President, Dean and Professorial Fellow, Fitzwilliam College

Research Group:

Contact Details
Room: 77
College: Professorial Fellow, Fitzwilliam College