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, 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
Corsetti, G., Dedola, L., and Leduc, S. The international dimension of productivity and demand shocks in the US economy, (2014) Journal of the European Economic Association

Cambridge Working Papers in Economics

Corsetti, G., Crowley, M., Han, L. and Song, H. Markups and Markets: A New Empirical Framework and Evidence on Exporters from China, (2018) CWPE1815
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
Corsetti, G., Dedola, L. and Leduc, S. Exchange Rate Misalignment, Capital Flows, and Optimal Monetary Policy Trade-offs, (2018) CWPE1822
Corsetti, G., Kuester, K. and Müller, G. J. Fixed on Flexible Rethinking Exchange Rate Regimes after the Great Recession, (2017) CWPE1729
Corsetti, G., Erce, A. and Uy, T. Official Sector Lending Strategies During the Euro Area Crisis, (2017) CWPE1730

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

Recent Activities

---

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.

Prof. Corsetti Gives Deutsche Bundesbank and IMF Keynote Speeches - Published on: Wednesday 21st March 2018
Prof. Giancarlo Corsetti has two Keynote Speeches this week. At the Deutsche Bundesbank's "Fiscal Policy in EMU – The Way Ahead", in Frankfurt and the IMF Conference "Many Objectives or Too Few Instruments?" in Washington DC.

Faculty's Brexit Research Group Publish 'No Deal' Article on VoxEU - Published on: Wednesday 13th December 2017
As part of the Faculty's Brexit Research Group, Professor Giancarlo Corsetti, Dr Meredith Crowley, Oliver Exton and Lu Han, have written an article "A granular analysis of the exposure of UK exports to EU tariffs, quotas and antidumping under 'no deal'" for VoxEU.

Prof. Corsetti to Deliver the Keynote Lecture at ESCB Workshop - Published on: Wednesday 13th December 2017
Professor Giancarlo Corsetti is to deliver the keynote lecture "Exchange Rate Misalignment, Capital Flows and Optimal Monetary Policy Trade-offs" at the First Annual Workshop of the ESCB Research Cluster. The event will be held at the Bank of Spain in Madrid on November 16th and 17th 2017.

Prof. Corsetti and Dr Crowley Publish Brexit Article on Project Syndicate.Org - Published on: Thursday 7th December 2017
Professor Giancarlo Corsetti and Dr Meredith Crowley have published an opinion editorial on the UK's post-Brexit trade strategy, "The UK's Multilateral Trade Future" on Project Syndicate.Org.

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

---