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Published Papers

The Macro-economic impact of Brext: using the CBR Mazcro-economic Model of the UK Economy (UKMOD) Gudgin, G., Coutts, K., Gibson, N. and Buchanan, J. forthcoming in Journal of Self-Governance and Management Economics (2018)
A Critique of Estimates of the Economic Impact of Brexit Gudgin, G., Coutts, K., Gibson, N. and Buchanan, J. Energy Economics, forthcoming (2017)
Oil prices and the global economy: Is it different this time around? Mohaddes,K. and Pesaran,M.H.Energy Economics (2017)
Access to long-term credit and productivity of small and medium firms: a causal evidence Cavalcanti, T.V.D and Vaz, P.H.Economics Letters (2017)
Fair weather or foul? The macroeconomic effects of El Niño Cashin, P., Mohaddes, K., and Raissi, M.Journal of International Economics (2017)
Is there a debt-threshold effect on output growth? Chudik, A., Mohaddes, K., Pesaran, M.H., and Raissi, M.Review of Economics and Statistics (2017)
The output cost of gender discrimination: a model-based macroeconomics estimate Cavalcanti, T.V.D. and Tavares, J.Economic Journal (2016)
Fiscal policy in an unemployment crisis Rendahl, P.Review of Economic Studies (2016)
Trade Openness and Inflation: the Role of Real and Nominal Price Rigidities Watson, A.,Journal of International Money and Finance (2016)
El Niño: good boy or bad? Cashin, P., Mohaddes, K. and Raissi, M.Finance and Development (2016)
The mystery of the printing press: monetary policy and self-fulfilling debt crises Corsetti, G. and Dedola, L.Journal of the European Economic Association (2016)
Country-specific oil supply shocks and the global economy: a counterfactual analysis Mohaddes, K. and Pesaran M.H.Energy Economics (2016)
Long-run effects in large heterogenous panel data models with cross-sectionally correlated errors Chudik, A., Mohaddes, K., Pesaran, M.H. and Raissi, M.Advances in Econometrics (2016)
Globalization and wage polarization Cozzi, G., and Impullitti, G.The Review of Economics and Statistics (2016)
Comments on "Obstfeld and Rogoff's international macro puzzles: a quantitative assessment" by J. Eaton, S. Kortum and B. Neiman Corsetti, G. Journal of Economic Dynamics and Control (2016)
Influence, interactions and heterogeneity: taking personalities out of monetary policy decision-making Bhattacharjee, A. and Holly, S.Manchester School (2015)
Inequality constraints and Euler equation based solution methods Rendahl, P.Economic Journal (2015)
The Macroeconomic Impact of Liberal Economic Policies in the UK Coutts, K. and Gudgin, G.Centre for Business Research Special Reports (2015)
Determinate liquidity traps Tambakis,D.N.Economics Letters (2015)
Global innovation races, offshoring and wage inequality Impullitti, G.Review of Internationall Economics (2015)
UK Economy Forecast Report Gudgin, G., Coutts, K., Gibson, N. and Buchanan, J.Centre for Business Research Special Reports (2015)
Review of the UK Economy Gudgin, G., and Coutts, K.Economists for Rational Economic Policy (2015)
Mafia and public spending: evidence on the fiscal multiplier from a quasi-experiment Acconcia, A., Corsetti, G. and Simonelli, S. American Economic Review (2014)
Sovereign risk and belief-driven fluctuations in the euro area Corsetti, G., Kuester, K., Meier, A. and Müller, G. J.Journal of Monetary Economics (2014)
The international dimension of productivity and demand shocks in the US economy Corsetti, G., Dedola, L., and Leduc, S.Journal of the European Economic Association (2014)
Stock prices and monetary policy shocks: a general equilibrium approach Challe, E. and Giannitsarou, C.Journal of Economic Dynamics and Control (2014)
The effects of credit subsidies on development Antunes, A., Cavalcanti, T.V.D., Villamil, A.Economic Theory (2014)
From micro to macro via production networks Carvalho, V.M.Journal of Economic Perspectives (2014)
Cash transfers to the poor and the labor market: an equilibrium analysis Cavalcanti,T.V.D and Correa, M.Review of Development Economics (2014)
Applying a macro-finance yield curve to UK quantitative easing Chadha, J.S. and Waters, A.Journal of Banking & Finance (2014)
Inventories and the stockout constraint in general equilibrium Katsuyuki, S. and Chadha, J.S.The B.E. Journal of Macroeconomics (2014)
The financial market impact of UK quantitative easing Breedon, F., Chadha, J.S. and Waters, A.Oxford Review of Economic Policy (2014)
Econometric modelling of world oil supplies: terminal price and the time to depletion Mohaddes, K.OPEC Energy Review (2013)
The UK balance of payments: structure and prospects Coutts, K. and Rowthorn, R.Oxford Review of Economic Policy (2013)
Update of prospects for the UK balance of payments Rowthorn, R and Coutts, K.The Future of Manufacturing (2013)
Oil prices, external income, and growth: lessons from Jordan Mohaddes, K. and Raissi, M. Review of Middle East Economics and Finance (2013)
Inflation differentials in the GCC: Does the oil cycle matter? Mohaddes, K. and Williams, O. H.Middle East Development Journal (2013)
Costly intermediation and consumption smoothing Antunes, A., Cavalcanti, T. V. D. and Villamil, A. Economic Inquiry (2013)
Varieties and the transfer problem Corsetti G., Martin, P. and Pesenti, P.Journal of International Economics (2013)
The impact of debt levels and debt maturity on inflation Faraglia, E., Marcet, A., Oikonomou, R. and Scott, A.Economic Journal (2013)
Understanding interactions in social networks and committees Bhattacharjee, A. and Holly, S.Spatial Economic Analysis (2013)
Aggregate fluctuations and the cross-sectional dynamics of firm growth Holly, S., Petrella, I. and Santoro, E.Journal of the Royal Statistical Society: Series A (2013)
Sovereign Risk, Fiscal Policy, and Macroeconomic Stability Corsetti, G., Kuester, K., Meier, A., and Müller, G. J.Economic Journal (2013)
The great diversification and its undoing Carvalho, V. and Gabaix, X.American Economic Review (2013)
On the risk of long-run deflation Tambakis, D. N.Economics Letters (2013)
De-industrialisation and the balance of payments in advanced economies Rowthorn, R. and Coutts, KThe Future of Manufacturing (2013)
The welfare gains of financial liberalization: capital accumulation and heterogeneity Antunes, A. and Cavalcanti, T. V. D.Journal of the European Economic Association (2013)
The ties that bind: monetary policy and government debt management Chadha, J.S.Oxford Review of Economic Policy (2013)
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Macroeconomics Research Group

Claudio Michelacci
Tuesday 13th March 2018 4:00pm
Meade Room,
Paul Beaudry
(University of British Columbia)
Wednesday 29th November 2017 1:00pm
Meade Room,

Faculty Events

Recent Publications

Rendahl, P. Fiscal policy in an unemployment crisis Review of Economic Studies [2016]

Corsetti, G. and Dedola, L. The mystery of the printing press: monetary policy and self-fulfilling debt crises Journal of the European Economic Association [2016]

Latest CWPE


The Case for Flexible Exchange Rates in a Great Recession, Corsetti, G., Kuester, K. and Müller, G. J.


Step away from the zero lower bound: Small open economies in a world of secular stagnation, Corsetti, G., Mavroeidi, E., Thwaites, G. and Wolf, M.


Why is Europe Falling Behind? Structural Transformation and Services' Productivity Differe..., Buiatti, C., Duarte, J. B. and Saenz, L. F.