Research Interests
International Economics and Open Economy Macroeconomics
Biography
Ph.D. from Yale (1992), his contributions range from theoretical and empirical work on fiscal and monetary policy, to analyses of currency and financial crises and their international contagion. Serves as co-editor of the Journal of International Economics, Programme Director at Centre for Economic Policy Research in London, and scientific consultant to the Bank of England and the European Central Bank.
Recent Publications
Published Papers
Corsetti, G., Dedola, L., Jarociński, M., Maćkowiak, B., and Schmidt, S. Macroeconomic stablization, monetary-fiscal interactions, and Europe's monetary union, (2018) European Journal of Political EconomyCorsetti, C., Kuester, K. and Müller, G. J. Fixed on Flexible Rethinking Exchange Rate Regimes after the Great Recession, (2017) IMF Economic Review
Corsetti, G. Comments on "Obstfeld and Rogoff's international macro puzzles: a quantitative assessment" by J. Eaton, S. Kortum and B. Neiman, (2016) Journal of Economic Dynamics and Control
Corsetti, G. and Dedola, L. The "mystery of the printing press" monetary policy and self-fulfilling debt crises, (2016) Journal of the European Economic Association
Corsetti, G. Roots of the Eurozone crisis: incomplete development and imperfect credibility of institutions, (2015) Geneva Reports on the World Economy
Cambridge Working Papers in Economics
Corsetti, G. and Erce, A. Debt Sustainability and the Terms of Official Support, (2018) CWPE1864Corsetti, G., Crowley, M. and Han, L. Invoicing and Pricing-to-Market - A Study of Price and Markup Elasticities of UK Exporters, (2018) CWPE1860
Ari, A., Corsetti, G. and Dedola, L. Debt Seniority and Sovereign Debt Crises, (2018) CWPE1831
Corsetti, G., Dedola, L. and Leduc, S. Exchange Rate Misalignment, Capital Flows, and Optimal Monetary Policy Trade-offs, (2018) CWPE1822
Corsetti, G., Duarte, J. B. and Mann, S. One Money, Many Markets - A Factor Model Approach to Monetary Policy in the Euro Area with High-Frequency Identification, (2018) CWPE1816
Authored Book
Giancarlo, C., Feld, L.P., Lane, P.R., Reichlin, L A new start for the Eurozone: dealing with debt, (2015) Monitoring the Eurozone - CEPRChapter in Book
Corsetti, G., Dedola, L. and Leduc, S. Optimal monetary policy in open economies, (2010) in the book: Handbook of monetary economics - North-HollandRecent Activities
New Economics of Exchange Rate Adjustment - Published on: Thursday 15th November 2018
Cambridge-INET are holding an event "New Economics of Exchange Rate Adjustment" on 21st and 22nd March 2018, from 9.00am - 5.00pm, in The Elton-Bowring Room, Clare College, Cambridge. Please register you interest.
UK in a Changing Europe awarded Best Think Tank - Published on: Wednesday 18th July 2018
UK in a Changing Europe has been awarded Best Think Tank covering Global Affairs in the UK by Prospect Magazine. Dr. Meredith Crowley, a Research Leader for UK in a Changing Europe, and Prof. Giancarlo Corsetti along with their co-investigator from Law, Lorand Bartels, contributed a number of policy analysis pieces that were cited as one of UK in a Changing Europe's major successes.
United Nations High-Level Advisory Board - Published on: Monday 16th July 2018
Prof. Giancarlo Corsetti was invited to join the newly created United Nations High-Level Advisory Board on Economic Social Affairs. The board held its inaugural meeting on July 9th and 10th 2018.
Reassessing the Fiscal and Monetary Framework in EMU - Published on: Wednesday 16th May 2018
Prof. Giancarlo Corsetti presented at the State of the Union conference, Solidarity and Union, in Florence. He spoke on Reassessing the Fiscal and Monetary Framework in the Economic and Monetary Union (EMU). You can watch his talk on the Cambridge-INET site.
Dr. Crowley Discusses Research Findings on BBC World Service - Published on: Monday 26th March 2018
Dr. Meredith Crowley discussed the findings of the paper "Markups and Markets: A New Empirical Framework and Evidence on Exporters from China" (joint with Giancarlo Corsetti, Lu Han and Huasheng Song) in an interview with Fergus Nicoll of BBC World Service Business Matters. Dr. Crowley's interview discussing the research conducted at Cambridge starts at 09:30.
Research Grants
Cambridge-INET Institute (INET)
The impact of trade policy and exchange rate shocks on trade (ESRC)
A Dynamic Economic And Monetary Union (Ademu) (ECH2020 SOCIETAL CHALLENGES (SC))
Working Towards A Stable And Sustainable Growth Path (Macro Centre) (LONDON SCHOOL OF ECONOMICS (FB ESRC))
Keynes Fund Sponsored Projects
The Making of the Euro-area Crisis: Lessons from Theory and History, Corsetti, G. and Eichengreen, B. (JHLP)
Credit Constraints and Optimal Price Setting in International Markets, Crowley, M. and Corsetti, G. (JHOR)
Handbook of Monetary Economics
Optimal monetary policy in open economies joint with Luca Dedola and Sylvain Leduc, published in the Handbook of Monetary Economics, vol. III, Edited by Ben Friedman and Michael Woodford, 2010. Note: I keep this copy clean of (the few) typos. If you read the book, please refer to HANDBOOK: ERRATA
Teaching
PIIB Paper 2 - Lent - International Financial System
F510 - International Finance
Phd20 - Topics in Advanced Macroeconomics
PhD Students
Supervisor
Emile Marin
PhD Title: The Hegemon's Dilemma : Intertemporal terms of trade manipulation and expenditure-switching.
Research:
PhD Title: The Hegemon's Dilemma : Intertemporal terms of trade manipulation and expenditure-switching.
Research:
Advisor
(Edward) Rafe Martyn
PhD Title: Supply-Side Policies at the Zero-lower bound in a Rotemberg Wage Setting
Research: Labour economics; Macroprudential policy; Zero-Lower-Bound
PhD Title: Supply-Side Policies at the Zero-lower bound in a Rotemberg Wage Setting
Research: Labour economics; Macroprudential policy; Zero-Lower-Bound
