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Research Interests

Macroeconomic modelling, optimal policy and formulation.

Recent Publications

Published Papers

Bailey, N., Holly, S. and Pesaran, M.H. A two-stage approach to spatio-temporal analysis with strong and weak cross-sectional dependence, (2015) Journal of Applied Econometrics
Bhattacharjee, A. and Holly, S. Influence, interactions and heterogeneity: taking personalities out of monetary policy decision-making, (2015) Manchester School
Chadha, J.S., Corrado, L. and Holly, S. A note on money and the conduct of monetary policy, (2014) Macroeconomic Dynamics
Holly, S., Petrella, I. and Santoro, E. Aggregate fluctuations and the cross-sectional dynamics of firm growth, (2013) Journal of the Royal Statistical Society: Series A
Bhattacharjee, A. and Holly, S. Understanding interactions in social networks and committees, (2013) Spatial Economic Analysis

Cambridge Working Papers in Economics

Bhattacharjee, A., Higson, C. and Holly, S. Operating Leverage over the Business Cycle, (2015) CWPE1535
Bailey, N., Holly, S. and Pesaran, H. A Two Stage Approach to Spatiotemporal Analysis with Strong and weak cross Sectional Dependence , (2013) CWPE1362
Chadha, J. S., Corrado, L. and Holly, S. A Note on Money and the Conduct of Monetary Policy, (2013) CWPE1329
Corrado, L., Holly, S. and Raissi, M. Persistent Habits, optimal Monetary Policy Inertia and Interest Rate Smoothing, (2012) CWPE1247
Bhattacharjee, A. and Holly, S. Structural Interactions in Spatial Panels , (2010) CWPE1004

Research Grants

Cross Section Dependence In Panel Data Models (ESRC)
Citigroup Phd Studentships In Inflation Studies (CITIGROUP GLOBAL MARKETS LTD)
Eumicro: The Microeconomics Of Growth Across Regions In Europe (EC FP6 MC)
Finess: Financial Systems, Efficiency And Stimulation Of Sustainable Growth (EC FP7 CP)
Marie Curie Intra-European Fellowship For Dr Luisa Corrado: Regional Convergence Clusters Across Europe: Methodological Issues And Empirical Evidence (Eurecon) (EC FP6 MC)
Dynamic Panel Analysis Of Interactions And Nonlinearities (ESRC)
Profitability, Acquisition And Failure Of Uk Quoted Companies Over The Business Cycle (KPMG)
Fw5 Network: European Forecasting Network (EC FW5 NETWORKS)

Keynes Fund Sponsored Projects

Aggregate and Firm level volatility (JHOI)


PIIB Paper 2 - Michaelmas - Macroeconomic Policy
Diploma - Macroeconomics

PhD Students


Myungun Kim
PhD Title: Rethinking Industrial Policy
Alfie Lake
PhD Title: Monetary Policy and Financial Cycles: Evidence from US Cities
Research: Financial cycles, Macro-Finance, Applied Macroeconometrics, Behavioural Economics

Dr Sean Holly

University Reader,
Faculty of Economics
President, Dean and Professorial Fellow, Fitzwilliam College

Research Group:

Contact Details
Room: 47
College: Professorial Fellow, Fitzwilliam College