In their recent paper Hamish Low and Luigi Pistaferri look into the "Recent growth in the number of Disability Insurance claimants has led to calls for substantial scaling back of the program. We evaluate the incentive cost of the DI program against its insurance value to those in need".

The Faculty of Economics and Cambridge-INET are delighted to announce the news that Professor Kaivan Munshi has been awarded the 2016 Infosys Prize in the Social Sciences

The Infosys Prize is the most prestigious academic prize in India and it was awarded to Professor Munshi in recognition of his analysis of the multifaceted role of communities, such as ethnic groups and castes, in the process of economic development.

Prof. Coen Teulings has just released a three part video series on "Low Interest Rates and the Introduction of the Pill". See the videos on the Cambridge-INET site.

Read Professor Coen Teulings's NRC column on the US election.

So it is Trump

Dr. Christopher Rauh and Hannes Mueller have written an article for VoxEU on "Why We Fail to Prevent Civil Wars: A Forecaster's Perspective".

Professor Coen Teulings presented a seminar on "Secular stagnation, bubbles, fiscal policy, and the introduction of the contraceptive pill" at the Central Bank of Italy on Monday 24th October 2016.

The first post-Referendum analysis of the UK economy was provided in early August by the National Institute of Economic and Social Research. In which there was considered to be a 50:50 chance of a technical recession for the UK following the referendum result.

The Faculty would like to congrarualte Ms Katja Smetanina, who has been awarded the Royal Economic Society Junior Fellowship for 2016-17. You can read about Katja's research and the Junior Fellowship award at the RES website.

In this video interview with INET New York, Prof. Sanjeev Goyal explains his general theory of network formation based on individual incentives, and their economic implications.

Professor Hashem Pesaran and Dr. Kamiar Mohaddes have published an article in the Finacial Times on "Is Cheap Oil Really Good for the Global Economy?".

The Pound and the Macroeconomic Effects of Brexit, Giancarlo Corsetti and Gernot Müller - Vox EU, New York Times and Wall Street Pitt articles.

As the referendum draws closer, many business leaders ask what Brexit would look like and what its likely impact would be on firms and industries. In a policy document for the BCG Henderson Institute, professor Tuelings along with researchers at the institute sets out a strategy for thinking about this important questions ahead of the referendum on June 23.

Simon Lloyd, who is a graduate student in the Faculty, has contributed to an important report on the impact of the UK leaving the European Union (EU) on benefit and tax credit receipts of low income households. The report is co-authored by A. Armstrong and K. Lisenkova and published by the National Institute for Economic and Social Research.