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Research Interests

Macroeconomics; Networks in Economics; Applied Econometrics


Ph.D. in Economics from the University of Chicago (2008); European Research Council Starting Grant (2013) for the project MacroNets, Production Networks in Macroeconomics.

Recent Publications

Published Papers

Carvalho, V.M. From micro to macro via production networks, (2014) Journal of Economic Perspectives
Carvalho, V. and Gabaix, X. The great diversification and its undoing, (2013) American Economic Review
Acemoglu, D., Carvalho, V.M., Ozdaglar, A. and Tahbaz-Salehi, A. The network origins of aggregate fluctuations., (2012) Econometrica
Carvalho, V.M., Martin, A. and Ventura, J. Understanding bubbly episodes., (2012) American Economic Review
Carvalho, V.M., Harvey, A.C. and Trimbur, T. A note on common cycles, common trends and convergence., (2007) Journal of Business Economics and Statistics

Cambridge Working Papers in Economics

Carvalho, V. M., Nirei, M., Saito, Y. U. and Tahbaz-Salehi, A. Supply Chain Disruptions: Evidence from the Great East Japan Earthquake, (2016) CWPE1670
Carvalho, V. M. and Voigtländer, N. Input Diffusion and the Evolution of Production Networks, (2015) CWPE1550
Carvalho, V. M. and Grassi, B. Large Firm Dynamics and the Business Cycle, (2015) CWPE1556
Carvalho, V. M. From Micro to Macro via Production Networks, (2014) CWPE1467

Recent Activities

Cambridge Big Data - Publication Date: 2018-01-12
Professor Vasco Carvalho is behind new Economic and Data Science Interest Group. This is part of the Cambridge Big Data Strategic Research Initiative (CBD).

Faculty Senior Academic Promotions - Publication Date: 2017-06-15
Vasco Carvalho, Sara Horrell, Pontus Rendahl and Petra Geraats have all been successful in the Faculty's Senior Academic Promotions.

Vasco Carvalho's Research Featured in Columbia GSB's Ideas and Insights - Publication Date: 2017-05-17
Columbia Business School discusses how complex supply chains can transform local shocks into national economic malaise based on the paper "Supply Chain Disruptions: Evidence from the Great East Japan Earthquake", by Vasco Carvalho, Makoto Nirei, Yukiko Saito and Alireza Tahbaz-Salehi.

Dr Vasco Carvalho awarded the Philip Leverhulme Prize - Publication Date: 2016-10-24
The Faculty is delighted to announce the news that Dr Vasco Carvalho has been awarded the Philip Leverhulme Prize this year.

Firms in Macroeconomics - Publication Date: 2016-07-20
The Firms in Macroeconomics event will be held at Jesus College, on the 31st August - 1st September 2016.

Research Grants

Production Networks In Macroeconomics (EC FP7 ERC SIRG)

PhD Students


Margit Reischer
PhD Title: The Granularity of GDP Forecasts in Theory and Practice. Lessons from Multisector Growth Models
Maarten De Ridder
PhD Title: Investment in Productivity and the long-run effect of financial crises on output
Research: Macroeconomics, Labour Economics, Financial Economics
John Spray
PhD Title: Export Transitions and the Supply Chain: Evidence from Uganda
Maryam Vaziri
PhD Title:

Prof. Vasco Carvalho

Professor of Macroeconomics

Research Group:

CV: Curriculum Vitae

Personal Site:

Contact Details
Room: 30