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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., 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., Jarocinski, M., Mackowiak, B., and Schmidt, S. Macroeconomic stablization, monetary-fiscal interactions, and Europe's monetary union, European Journal of Political Economy vol 57 (2018) pp. 22-33
Corsetti, G., 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., Lafarguette, R. and Mehl, A. Fast Trading and the Virtue of Entropy: Evidence from the Foreign Exchange Market, (2019) CWPE1970
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

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


Debt and Macroeconomic Stabilization
Professor Giancarlo Corsetti will deliver the 2019 Federico Caffè Lecture at Sapienza University of Rome on 18th and 19th December 2019. Prof Corsetti's lecture topic will be "Debt and Macroeconomic Stabilization". The two day lecture series is modelled on the Marshall Lectures, held annually at the Faculty of Economics, University of Cambridge.
Published on - Monday 16th December 2019

IMF Annual Research Conference
Professor Giancarlo Corsetti will speak at The International Monetary Fund's Twentieth Jacques Polak Annual Research Conference, which is being held at the IMF headquarters in Washington DC on 7th-8th November 2019. Prof. Corsetti's talk will be on his paper "Debt Sustainability and the Terms of Official Support", joint with Aitor Erce (European Investment Bank) and Timothy Uy (Deloitte).
Published on - Wednesday 6th November 2019

Dollars and sense: The sterling depreciation and UK price competitiveness
Professor Giancarlo Corsetti, Dr. Meredith Crowley, and Lu Han have published an article for VOXeu titled "Dollars and sense: The sterling depreciation and UK price competitiveness". This column shows that UK export price response to depreciation depends on the currency in which UK firms invoice their cross-border transactions.
Published on - Wednesday 28th August 2019

Fast Trading and the Virtue of Entropy
Professor Giancarlo Corsetti, Romain Lafarguette and Arnaud Mehl have published an article for VOXeu titled "Fast Trading and the Virtue of Entropy". This column argues that high-frequency trading can increase market efficiency and the quality of trade.
Published on - Wednesday 14th August 2019

Fast Trading and the Virtue of Entropy
Professor Giancarlo Corsetti has just published a paper in the European Central Bank's (ECB) Working Paper Series. The paper "Fast Trading and the Virtue of Entropy: Evidence from the Foreign Exchange Market" is joint with Romain Lafarguette and Arnaud Mehl.
Published on - Wednesday 31st July 2019

Research Grants


Cambridge-INET Institute (INET)
Centre for Macroeconomics Transition Review - Working towards a stable and sustainable growth path (Economic and Social Research Council (ESRC))
The impact of trade policy and exchange rate shocks on trade (Economic and Social Research Council (ESRC))
A Dynamic Economic And Monetary Union (ADEMU) (Horizon 2020, Societal Challenges (SC))
Working Towards A Stable And Sustainable Growth Path (Centre for Macroeconomics) (Economic and Social Research Council (ESRC))

Institute for New Economic Thinking (INET)


The Cambridge-INET Institute
Coordinator for Transmission Mechanisms and Economic Policy Research Theme

Keynes Fund Sponsored Projects


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


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
MPhil F510 - International Finance

PhD Students


Supervisor

Emile Marin
PhD Title: The Hegemon's Dilemma : Intertemporal terms of trade manipulation and expenditure-switching.
Research:
Seung Hyun Maeng
PhD Title: Saving Glut and Global Imbalances
Research:
Balduin Bippus
PhD Title: International Finance
Research:
Daniel Ostry
PhD Title:
Research:

Advisor

Lidia Smitkova
PhD Title: Effects of trade on de-industrialization
Research:
Andrew Hannon
PhD Title: The Links between Bank and Sovereign Risk
Research:
Alba Patozi
PhD Title: Financial Stability and Macro-prudential Policies
Research:

Professor Giancarlo Corsetti













Professor of Macroeconomics

Research Group:
Macroeconomics

CV: Curriculum Vitae

Personal Site:
http://sites.google.com/site/giancarloco...

Contact Details
Email: gc422@cam.ac.uk
Room: 35
College: Fellow of Clare College