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Research Interests

Macroeconomics; Global and National Macroeconometric Modelling; Energy Economics; Climate Change.


Kamiar Mohaddes is a Senior Lecturer and Fellow in Economics at Girton College, University of Cambridge. He is a member of the Economic Research Forum (ERF) advisory committee, an ERF Research Fellow, and serves as its Thematic Co-Leader for the macroeconomics theme. He is also an Associate Researcher at the Energy Policy Research Group (EPRG) at the University of Cambridge, an Associate Fellow of the USC Dornsife Institute for New Economic Thinking, and a Research Associate at the Centre for Applied Macroeconomic Analysis at ANU in Australia. He holds a BSc in Economics from the University of Warwick and an MPhil and a PhD in Economics from the University of Cambridge. His main areas of research are macroeconomics, global and national macroeconometric modelling, and energy economics. His articles have been published in a number of edited volumes (Cambridge University Press and Routledge) as well as in leading journals, including the Journal of Applied Econometrics, Journal of International Economics, and the Review of Economics and Statistics. His research has also been covered in major international news outlets including Bloomberg, the Economist, the Financial Times, and the Wall Street Journal.

Recent Publications

Published Papers

Jarrett, U., Mohaddes, K. and Mohtadi, H. Oil price volatility, financial institutions and economic growth, (2019) Energy Policy
Mohaddes, K. and Raissi, M. The US oil supply revolution and the global economy, (2018) Empirical Economics
Chudik, A., Mohaddes, K., Pesaran, M. H. and Raissi, M. Rising Public Debt to GDP Can Harm Economic Growth, (2018) Economic Letter, Federal Reserve Bank of Dallas
Burney, N. A., Mohaddes, K., Alawadhi, A., and Al-Musallam, M. The dynamics and determinants of Kuwait's long-run economic growth, (2018) Economic Modelling
Mohaddes, K. and Raissi, M. Do sovereign wealth funds dampen the negative effects of commodity price volatility?, (2017) Journal of Commodity Markets

Cambridge Working Papers in Economics

Flamini, A., Jahanshahi, B., Mohaddes, K. Illegal Drugs and Public Corruption: Crack Based Evidence from California, (2018) CWPE1847
Mohaddes, K., Nugent, J., Selim, H. Reforming Fiscal Institutions in Resource-Rich Arab Economies: Policy Proposals, (2018) CWPE1848
Jarrett, U., Mohaddes, K., Mohtadi, H. Oil Price Volatility, Financial Institutions and Economic Growth, (2018) CWPE1851
Chudik, A.,Pesaran, H., Mohaddes, K. Identifying Global and National Output and Fiscal Policy Shocks Using a GVAR, (2018) CWPE1874
Mohaddes, K. and Raissi, M. Do Sovereign Wealth Funds Dampen the Negative Effects of Commodity Price Volatility?, (2017) CWPE1710

Chapter in Book

Mohaddes, K., Nugent, J.B, and Selim, H. Reforming fiscal institutions in resource-rich Arab economies: policy proposals, (2019) in the book: Institutions and macroeconomic policies in resource-rich Arab economies - Oxford University Press
Cashin, P., Mohaddes, K., and Raissi. M. The Global Impact of the Systemic Economies and MENA Business Cycles, (2016) in the book: Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies - Cambridge University Press
Mohaddes, K., and Raissi. M. Does Inflation Slow Long-Run Growth in India?, (2016) in the book: Taming Indian Inflation - International Monetary Fund
Chudik, A., Mohaddes, K., Pesaran, M. H. and Raissi, M. Long-Run Effects in Large Heterogeneous Panel Data Models with Cross-Sectionally Correlated Errors, (2016) in the book: Advances in Econometrics (Volume 36): Essays in honor of Aman Ullah - Emerald Group Publishing Limit
Mohaddes, K. and Pesaran, M.H. One Hundred Years of Oil Income and the Iranian Economy: A Curse or A Blessing?, (2013) in the book: Iran and the Global Economy: Petro Populism, Islam and Economic Sanctions - Routledge

Edited Books

eds. Mohaddes, K., Nugent, J. and Selim, H. Institutions and macroeconomic policies in resource-rich Arab economies, (2019) - Oxford University Press

Recent Activities

Long-Term Growth Effects of Climate Change - Publication Date: 2019-05-13
Dr. Kamiar Mohaddes gave a presentation on the 10th May 2019 entitled "Long-Term Growth Effects of Climate Change" at the Climate Change and Central Banking Workshop in Ottawa, organized by the Bank of Canada.

Volatility, Macroeconomic Policy and Institutions in Resource-Rich Economies - Publication Date: 2019-05-01
Dr. Kamiar Mohaddes gave a presentation on the 16th April 2019 entitled "Volatility, Macroeconomic Policy and Institutions in Resource-Rich Economies" at the Workshop on Macroeconomic Stability & Diversification in Oil-based Economies in Riyadh (16th-17th April 2019), organized by King Abdullah Petroleum Studies and Research Center (KAPSARC).

The World Economic Outlook - Publication Date: 2018-12-17
Dr. Kamiar Mohaddes gave a talk at a high-level symposium on "The World Economic Outlook, Implications for Kuwait and the Middle East and North Africa Region" on Monday November 12, 2018 at the IMF Middle East Center for Economics and Finance (CEF) and the Arab Fund for Economic and Social Development (AFESD) in Kuwait.

The Iranian Economy and Challenges Ahead - Publication Date: 2018-06-03
Dr. Kamiar Mohaddes gave a talk entitled "The Iranian Economy and Challenges Ahead" in the session on "Reconsidering the Economic Model" at the Iran Financial Future Summit in Brussels, on 29th of May 2018.

When is Debt a Drag on Economic Growth? - Publication Date: 2018-04-05
Dr. Kamiar Mohaddes's column "When is debt a drag on economic growth?" was published on the ERF Policy Portal. Click through to read his column on the ERF forum.

Keynes Fund Sponsored Projects

Climate Change, Volatility, and Economic Growth: Evidence from U.S. States with Pesaran, M. H. and Raissi, M. (JHOU)


PIIB Paper 8 - Lent - Development Economics II
Diploma Paper 2 - Macroeconomics

Dr Kamiar Mohaddes

Janeway Fellow in Economics

Fellow and Senior College Lecturer in Economics (Girton College)

Research Group:

CV: Curriculum Vitae

Contact Details
Room: 97
Office Hours: By appointment only
College: Girton College