Monetary policy also has short-run effects 

Professor Vasco Carvalho is a co-author of a paper published in VoxEU, which examines the short-term effects of changes to monetary tightening, and finds it does have notable impacts in the short term.

Published on - Friday 21st April 2023

Consumer Spending

Interest Rates

Monetary Policy

Shocks

The Clare Hall Tanner Lecture on Human Values: Paul Krugman and Meg Jacobs 

The 2023 Tanner Lecture at Clare Hall will be given by the Nobel Laureate Paul Krugman, Professor Emeritus at Princeton University, together with Professor Meg Jacobs, Senior Research Scholar at the Princeton School of Public and International Affairs. They will explore current and historic inflation. See the Clare Hall event page for more details and to register.

Event Date - Tuesday 14th March 2023

Inflation

Data

Policy

Monetary Policy

PhD student wins three awards 

The Faculty's Niklas Schmitz has been commended for his paper that looked at why stock markets react to monetary policy decisions.

Published on - Tuesday 2nd August 2022

Awards

Recession

Monetary Policy

Macroeconomics

Monetary Policy in a High Inflation and Volatile Environment - Video 

Dr Petra Geraats gave a presentation on "Taking the Right Path: Monetary Policy in a High Inflation and Volatile Environment" at an event organised by the Resolution Foundation and the Money, Macro and Finance Society. Read More>>

Published on - Tuesday 10th May 2022

Monetary Policy

High Inflation

Volatile Environment

Women in Economics

Monetary Dialogue Preparatory Meeting - Video 

Dr. Petra Geraats gave an invited presentation on the ECB's revised inflation target and strategy at the meeting of the European Parliament Committee on Economic and Monetary Affairs (ECON). Read More>>

Published on - Friday 12th November 2021

Europe

Monetary Policy

Housing

Inflation

Monetary Policy in Times of Crisis – A Tale of Two Decades of the European Central Bank 

Dr. Petra Geraats was a discussant at the online event "European monetary policy: lessons from the past two decades", organised by the independent European think tank Bruegel. Read More>>

Published on - Monday 8th November 2021

Europe

Monetary Policy

Euro Crisis

Crisis

Why Communications Should be Transparent 

Dr Petra Geraats outlines her work on a new code for transparency, in a call for openness published by the International Monetary Fund.

Published on - Tuesday 23rd March 2021

Central Banks

Transparency

Monetary Policy

Women in Economics

Phillips Curve and Internal Devaluation Mini Conference 

Cambridge-INET, the Centre for Macroeconomics and the Cambridge Faculty of Economics are holding a Mini Conference on the "Phillips Curve and Internal Devaluation: The Regional Transmission of Business Cycle and Monetary Shocks". It will take place on Tuesday 16th February 2021 from 3PM – 5.50PM GMT and will be held online. See the event page for more details.

Published on - Tuesday 16th February 2021

Monetary Policy

Macroeconomics

Currency

Prices

Geneva Report: Fiscal Policies Must Work Together 

The 2020 Geneva Report has been published. Co-authored by Professor Giancarlo Corsetti from the Faculty of Economics at the University of Cambridge, the 23rd report looks at macroeconomic and financial instability and disruptive crises such as the COVID-19 pandemic.

Published on - Tuesday 15th December 2020

COVID-19

Monetary Policy

Fiscal Policy

Global Economy

It’s All in the Mix: How Monetary and Fiscal Policies Can Work or Fail Together 

Professor Giancarlo Corsetti is one of the speakers at the Presentation of the 23rd Geneva Report on the World Economy webinar, which is being held on 3rd March 2021, 1:00 - 2:30 PM (UK time). Read More>>

Published on - Wednesday 10th February 2021

COVID-19

Monetary Policy

Fiscal Policy

Global Economy

Policy Panel - The Monetary-Fiscal Policy Mix Strikes Back 

Prof. Giancarlo Corsetti is to speak at a policy panel on the 2020 Geneva report. The panel will discuss the contribution of the mix policy mix to the stabilisation of tail events and disruptive crises, such as the COVID-19 pandemic. Read More>>

Published on - Tuesday 19th January 2021

COVID-19

Monetary Policy

Fiscal Policy

Global Economy

Launch of the Geneva Report on the World Economy 

Prof. Giancarlo Corsetti is one of the speakers at the launch of the Geneva Report on the World Economy, which he recently co-authored. Read More>>

Published on - Tuesday 12th January 2021

COVID-19

Monetary Policy

Fiscal Policy

Global Economy

Report: Contribution to Strategy Review of European Central Bank 

Dr. Petra Geraats's contribution to the strategy review of the European Central Bank (ECB) has been published in a report by the Institute for Monetary and Financial Stability (IMFS) in Frankfurt. Read More>>

Published on - Wednesday 6th January 2021

Central Banks

Transparency

Monetary Policy

Women in Economics

2020 Geneva Report Quoted 

A report co-authored by Prof. Giancarlo Corsetti from the Faculty of Economics has been mentioned by Reuters. The 2020 Geneva Report looks at macroeconomic and financial instability and disruptive crises such as the COVID-19 pandemic. Read More>>

Published on - Wednesday 16th December 2020

COVID-19

Monetary Policy

Fiscal Policy

Global Economy

European Commission and De Nederlandsche Bank Conference Keynotes 

Professor Giancarlo Corsetti has been invited to give two keynote speeches. The first is at the 23rd Annual Research Conference of De Nederlandsche Bank, "Monetary Non-Neutrality: The Real Effects of Monetary Policy in the Short and Long Run", on the 29th October 2020 and the second is the 2nd European Commission-JEDC conference "Secular Stagnation, Low Interest Rates and Low Inflation: Causes and Implications for Policy", on the 5th-6th November 2020. Read More>>

Published on - Tuesday 27th October 2020

Monetary Policy

Interest Rates

Secular Stagnation

Policy

Heterogeneity and Monetary Policy after COVID-19 Mini Conference 

Cambridge-INET, the Centre for Macroeconomics and the Faculty of Economics are holding a mini conference on "Heterogeneity and Monetary Policy after COVID-19". Organised by Professor Giancarlo Corsetti and Lukas Freund, the mini conference will feature talks from Corina Boar (NYU) Benjamin Moll (LSE) and Marco Del Negro (NY Fed). It will take place on Tuesday 3rd November 2020, 2:00pm-5:00pm GMT (UK) and will be held online. See the event page for more details.

Published on - Thursday 15th October 2020

Heterogeneity

Monetary Policy

COVID-19

Lessons from the Financial Crisis, Debt Crisis and Coronavirus Crisis 

Dr. Petra Geraats gave an invited presentation on "The ECB's Monetary Strategy: Lessons from the Financial Crisis, Debt Crisis and Coronavirus Crisis" at the conference "The ECB and Its Watchers" at Goethe University in Frankfurt on 30th September 2020. The conference forms part of the monetary policy strategy review that the European Central Bank (ECB) launched on 23rd January 2020. Read More>>

Published on - Friday 2nd October 2020

Central Banks

Monetary Policy

COVID-19

Women in Economics

IMF Publishes New Central Bank Transparency Code 

As part of a High-Level Advisory Panel, Dr. Petra Geraats helped shape a new Central Bank Transparency Code, which has been published by The International Monetary Fund (IMF). The new Code, which has been approved by the IMF's Executive Board, replaces the IMF's Monetary and Financial Policies Transparency Code from 1999. Read More>>

Published on - Tuesday 29th September 2020

Central Banks

Transparency

Monetary Policy

Women in Economics

How Do Central Banks Communicate Effectively? 

Dr. Petra Geraats was a speaker at the High-Level Peer-to-Peer Forum "Central Bank Communications in ASEAN-5 Countries: From Principles to Practice" organized by the International Monetary Fund (IMF) in Singapore on 4th-5th December 2019. Read More>>

Published on - Thursday 2nd January 2020

Central Banks

Monetary Policy

Finance

IMF High-Level Advisory Panel on Central Bank Transparency 

Dr. Petra Geraats has been appointed to a High-Level Advisory Panel on Central Bank Transparency by the International Monetary Fund (IMF). The advisory panel, which consists of prominent former central bankers and academics, will help guide the development of the IMF's new Central Bank Transparency (CBT) Code. Read More>>

Published on - Monday 11th November 2019

Central Banks

Transparency

Monetary Policy

Finance

Independent Evaluation of Central Bank of Chile 

The Board of the Central Bank of Chile have appointed Dr Petra Geraats to an independent panel of experts to evaluate the Bank's performance in achieving its objectives of price and financial stability. Read More>>

Published on - Thursday 17th January 2019

Central Banks

Monetary Policy

Financial Stability

Keynote Speech at Ridge Conference 

Professor Giancarlo Corsetti's was the keynote speaker at the Ridge Conference in Montevideo, and debated "Capital flows, monetary and macroprudential policies, exchange rates, international reserve accumulation, sovereign debt and international spillovers" Read More>>

Published on - Wednesday 9th January 2019

Capital Flows

Exchange Rate

Monetary Policy

Debt

Prof. Giancarlo Corsetti "Exchange Rate Misalignment, Capital Flows and Optimal Monetary Policy Trade-offs" 

Professor Giancarlo Corsetti is to deliver the keynote lecture "Exchange Rate Misalignment, Capital Flows and Optimal Monetary Policy Trade-offs" at the First Annual Workshop of the ESCB Research Cluster. The event will be held at the Bank of Spain in Madrid on November 16th and 17th 2017. Read More>>

Published on - Wednesday 13th December 2017

Exchange Rate

Capital Flows

Monetary Policy

Prof. Corsetti to talk at the Annual MacCaLM Conference 

Professor Giancarlo Corsetti is giving a talk on 'Capital flows and monetary policy trade-offs' at the Annual MacCaLM Conference, University of Edinburgh on 21st June 2017. Read More>>

Published on - Wednesday 7th June 2017

Capital Flows

Monetary Policy

Trade-offs

Prof. Corsetti's Schumpeter Lecture published by the JEEA  

Professor Giancarlo Corsetti's Schumpeter Lecture at the 2015 European Economic Association Meeting published by the Journal of the European Economic Association. Read More>>

Published on - Tuesday 17th January 2017

Monetary Policy

Fiscal

Sovereign Debt

Prof. Giancarlo Corsetti presented the Schumpeter Lecture 

Professor Giancarlo Corsetti presented the Schumpeter Lecture on 'The Mystery of the Printing Press: Monetary Policy and Self-Fulfilling Debt Crises', on 24th August 2015, at the 30th Annual Congress of the European Economic Association, in Mannheim. Read More>>

Published on - Tuesday 8th September 2015

Monetary Policy

Debt

Debt Crises

Prof. Giancarlo Corsetti to give three Public Lectures on "International Economics" 

Professor Giancarlo Corsetti will deliver three public lectures in "International Economics" at the University of Nottingham on Wednesday 25th March - Thursday 26th March 2015. Read More>>

Published on - Sunday 1st March 2015

International Economics

Monetary Policy

Economy

Policy