Research Interests

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International Economics and Open Economy Macroeconomics

Biography

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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

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Published Papers

Corsetti, G., Mavroeidi, E., Thwaites, G. and Wolf, M. Step away from the zero lower bound: small open economies in a world of secular stagnation, Journal of International Economics vol 116 (2019) pp. 88-102
Corsetti, G., Dedola, L., Jarociński, M., Maćkowiak, B., and Schmidt, S. Macroeconomic stablization, monetary-fiscal interactions, and Europe's monetary union, European Journal of Political Economy (2018)
Corsetti, C., Kuester, K. and Müller, G. J. Fixed on Flexible Rethinking Exchange Rate Regimes after the Great Recession, IMF Economic Review vol 65(3) (2017) pp. 586-632
Corsetti, G. Comments on "Obstfeld and Rogoff's international macro puzzles: a quantitative assessment" by J. Eaton, S. Kortum and B. Neiman, Journal of Economic Dynamics and Control vol 72 (2016) pp. 24-28
Corsetti, G. and Dedola, L. The "mystery of the printing press" monetary policy and self-fulfilling debt crises, Journal of the European Economic Association vol 14(6) (2016) pp. 1329-1371

Cambridge Working Papers in Economics

Corsetti, G., Eichengreen, B., Hale, G. and Tallman, E. The Euro Crisis in the Mirror of the EMS: How Tying Odysseus to the Mast Avoided the Sirens but Led Him to Charybdis, (2019) CWPE1914
Corsetti, G., Erce, A. and Uy, T. Debt Sustainability and the Terms of Official Support, (2018) CWPE1864
Corsetti, G., Crowley, M. A. 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

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 - CEPR

Chapter in Book

Corsetti, G., Dedola, L. and Leduc, S. Optimal monetary policy in open economies, (2010) in the book: Handbook of monetary economics - North-Holland

Research Activities

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Debt Sustainability Assessments - The State of the Art
Professor Giancarlo Corsetti was invited to discuss "Debt Sustainability Assessments - The State of the Art" at the International Monetary Fund, by the IMF Strategy and Policy Review Department, on July 15th 2019. This address continues Prof. Corsetti's research into "Debt Sustainability Assessments" that was originally commissioned by the ECON Committee of the Economic Governance Support Unit Directorate-General for Internal Policies of the Union.
Published on - Wednesday 17th July 2019

Optimal Monetary Stabilization in Response to Inefficient Capital Flows
Professor Giancarlo Corsetti has been invited to the Bank of Japan-IMES 2019 conference in Tokyo, to speak on "Optimal Monetary Stabilization in Response to Inefficient Capital Flows". The conference runs from 29th - 30th May 2019.

The Institute for Monetary and Economic Studies (IMES) has held the BOJ-IMES Conference since 1983. The conference participants include prominent academics and central bankers from around the world.
Published on - Wednesday 29th May 2019

The Centenary Conference on Keynes’s Economic Consequences of the Peace
Cambridge-INET is proud to announce a major conference on Keynes’s 1919 book. The book is celebrated as a brilliant piece of advocacy by one of the 20th century’s pre-eminent economists. This distinguished event will take place at King’s College, Cambridge, on September 9th-10th 2019. See the event website for more details.
Event Date - Monday 9th September 2019 - Tuesday 10th September 2019

Debt Sustainability and Debt Vulnerabilities
Professor Giancarlo Corsetti will give a talk on Debt Sustainability and Debt Vulnerabilities at the distinguished Third Interdisciplinary Sovereign Debt Research and Management Conference. This event is being hosted by the Georgetown’s Institute of International Economic Law, in Washington D.C., on 11th-12th April 2019.
Published on - Friday 12th April 2019

ECP Conference - Call for Papers
Paper proposals are invited for a conference to celebrate the 100th anniversary of the publication of J. M. Keynes's The Economic Consequences of the Peace. The "Economic Consequences of the Peace Centenary Conference" will take place on 9th-10th September 2019, at King's College, Cambridge.
Published on - Friday 22nd March 2019

Research Grants

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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

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The Making of the Euro-area Crisis: Lessons from Theory and History, Corsetti, G. and Eichengreen, B. (JHLP) Research Output
Credit Constraints and Optimal Price Setting in International Markets, Crowley, M. and Corsetti, G. (JHOR)

Handbook of Monetary Economics

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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

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PIIB Paper 2 - Lent - International Financial System
F510 - International Finance
Phd20 - Topics in Advanced Macroeconomics

PhD Students

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