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 ReviewCorsetti, 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., Kuester, K. and Müller, G. J. Fixed on Flexible Rethinking Exchange Rate Regimes after the Great Recession, (2017) CWPE1729Corsetti, G., Erce, A. and Uy, T. Official Sector Lending Strategies During the Euro Area Crisis, (2017) CWPE1730
Corsetti, G., Kuester, K. and Müller, G. J. The Case for Flexible Exchange Rates in a Great Recession, (2016) CWPE1644
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, (2016) CWPE1645
Corsetti, G., Dedola, L., Jarocinski, M., Mackowiak, B. and Schmidt, S. Macroeconomic Stabilization, Monetary-fiscal Interactions, and Europe’s monetary Union, (2016) CWPE1675
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
Faculty Members to talk at the INET 'Reawakening' Conference - Publication Date: 2017-10-16
Professor Giancarlo Corsetti, Professor Sanjeev Goyal and Dr. Pontus Rendahl will all give talks on 'INET and economics in Cambridge' at the INET 'Reawakening' conference in Edinburgh, on Saturday October 21, 2017.
Prof Corsetti's Vox Article Published - Publication Date: 2017-09-20
Professor Giancarlo Corsetti, Gernot Müller and Keith Kuester's article "In a Great Recession, the case for flexible exchange rates is alive and well" has been published on the Vox website.
Prof. Corsetti to speak at the RFAs Research Seminar in Singapore - Publication Date: 2017-09-06
Professor Giancarlo Corsetti will speak at the 1st Joint Regional Financing Arrangements (RFAs) Research Seminar (AMRO, ESM and FLAR) in Singapore, Sept 7th 2017, on "Official lending strategies during the euro area crisis" (joint paper with Aitor Erce and Timothy Uy).
Prof. Corsetti to talk at the Annual MacCaLM Conference - Publication Date: 2017-06-07
Professor Giancarlo Corsetti is giving a talk on 'Capital flows and monetary policy trade-offs' at the Annual MacCaLM Conference, University of Edinburgh on 21st June 2017.
A conversation with Prof. Maurice Obstfeld (IMF) - Publication Date: 2017-05-11
The world outlook and the international monetary system: A conversation with Prof. Maurice Obstfeld, Chief Economist at the IMF will take place at Corpus Christi College on 29th May 2017, 5.00 - 6.00pm.
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 with Eichengreen, B. (JHLP)
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
Samuel Mann
PhD Title: Macroeconomic Stabilisation and Capital Controls
Research: International Macroeconomics & Finance
PhD Title: Macroeconomic Stabilisation and Capital Controls
Research: International Macroeconomics & Finance
Advisor
Anil Ari
PhD Title: Sovereign Risk and Fiscal Policy in an Open Economy Framework
Research: Sovereign Risk, Macro-Finance, Open Economy Macroeconomics
PhD Title: Sovereign Risk and Fiscal Policy in an Open Economy Framework
Research: Sovereign Risk, Macro-Finance, Open Economy Macroeconomics
(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
