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Faculty of Economics

Why Has It Taken So Long To Take Climate Change Seriously? 

Dr. Kamiar Mohaddes took part in a Climate Change panel discussion event on 28th March 2021, as part of the University's Cambridge Festival. Read More>>

Published on - Wednesday 7th April 2021

Tags:

Climate Change

Policy

Technology

Tipping Point



Professor Lucia Reisch appointed to El-Erian Professorship 

The Faculty of Economics is delighted to announce that Professor Lucia A. Reisch, Dr. oec., has been appointed to the El Erian Professor of Behavioural Economics and Policy.

Published on - Monday 8th March 2021

Tags:

Appointments

El Erian Professor

Behavioural Economics

Policy



Discussion of Dasgupta Review findings 

Sajid Javid MP and the Faculty’s Professor Sir Dasgupta will discuss the review, its key findings and next steps, in an event organised by the Harvard Kennedy School. Read More>>

Published on - Monday 15th March 2021

Tags:

Biodiversity

Climate Change

Environment

Policy



The Shifting Fronts in the Battle Over EU Trade Policy 

Dr. Kamiar Mohaddes's paper "Covid-19 Fiscal Support and its Effectiveness" (joint with Alexander Chudik and Mehdi Raissi) was quoted by Martin Sandbu in his Financial Times column. Read More>>

Published on - Thursday 4th March 2021

Tags:

COVID-19

Fiscal Support

Trade

Policy



Easing Lockdown Restrictions 

Dr. Flavio Toxvaerd was interviewed for BBC News Scotland, where he talked about the implications of easing the current lockdown restrictions and the differences in approach between the UK Government and Scottish Parliament, for the easing the restrictions.

Published on - Wednesday 3rd March 2021

Tags:

COVID-19

Lockdown

Social Distancing

Policy



US GDP Drop Following Paris Accord is at Most 0.6% 

The United States plans to rejoin the Paris climate accord. Faculty academics have examined what this means for the US economy & GDP. They suggest a carbon tax of 32.3% is needed for US to achieve its original Paris pledge, which might cause US GDP to fall up to 0.6%.

Published on - Friday 22nd January 2021

Tags:

Climate Change

US

Policy

GDP



Did the Office for National Statistics Really Produce ‘False Data’ on Coronavirus Infections? 

Dr. Flavio Toxvaerd was quoted in The Independent newspaper. The article looks at the suggestion that data revisions on new coronavirus cases by the official statistics body indicate that the UK might have gone into lockdown in November unnecessarily.

Published on - Thursday 10th December 2020

Tags:

COVID-19

Lockdown

Policy

Public Health



Good Health Policy Is Good Economic Policy 

Dr. Flavio Toxvaerd has published a new blog for ProMarket (the online publication for The Stigler Center, University of Chicago Booth). Dr Toxvaerd's article "Managing the Covid-19 Pandemic: Good Health Policy Is Good Economic Policy" looks at the unavoidable link between health protection and wealth creation when choosing a response to the COVID-19 pandemic.

Published on - Wednesday 9th December 2020

Tags:

COVID-19

Health

Economic Growth

Policy



Government Won’t Say How Much Tiered Restrictions Will Cost Economy 

Dr. Flavio Toxvaerd was interviewed for the Channel 4 News website, where he commented that the key difficulty in analysing the effects of the lockdown is to assess what would happen with the disease and the economy in the absence of restrictions.

Published on - Wednesday 2nd December 2020

Tags:

COVID-19

Economic Impact

Policy

Tier System



Government Paper Offers no Assessment of Economic Impact of Tier Restrictions 

Dr. Flavio Toxvaerd was quoted in the Independent article "Government Paper Offers no Assessment of Economic Impact of Tier Restrictions". Dr Toxvaerd says the government's COVID analysis falls well short of a full impact study and will be of limited use to justify either lockdown2 or a return to a tiered system of regional restrictions.

Published on - Tuesday 1st December 2020

Tags:

COVID-19

Economic Impact

Policy

Tier System



Economics and the Epidemic: Models, Behaviour and Policy 

Dr. Flavio Toxvaerd gave a virtual talk for Clare College on Tuesday 24 November 2020. His talk was on "Economics and the Epidemic: Models, Behaviour and Policy", which looked at how economists think about disease control and contrast it with the traditional approach adopted in epidemiology and public health. Read More>>

Published on - Thursday 26th November 2020

Tags:

COVID-19

Epidemiology

Policy

Public Health



Managing COVID-19 Vaccines Rationally 

Flavio Toxvaerd and Miltos Makris (University of Kent) have published an article for VOXeu titled "Vaccines against COVID-19 are on the horizon; now is the time to manage the transition rationally". This column examines how the prospect of a vaccine alters individuals’ incentives to self-protect and how the social planner would prefer the individual to behave, between now and the arrival of the vaccine.

Published on - Tuesday 24th November 2020

Tags:

COVID-19

Social Distancing

Policy

Vaccines



Economics and the Epidemic 

Dr. Flavio Toxvaerd will give a virtual talk for Clare College about "Economics and the Epidemic: Models, Behaviour and Policy", on Tuesday 24 November 2020 at 6.00pm. His talk will look at how economists think about disease control and contrast it with the traditional approach adopted in epidemiology and public health. Read More>>

Published on - Thursday 19th November 2020

Tags:

COVID-19

Epidemiology

Policy

Public Health



The End of Free Markets and Return of the State? - Book Event 

Cambridge-INET and the Bennett Institute for Public Policy, are holding an Online Event with Professor Diane Coyle and Martin Sandbu. Professor Coyle and Martin Sandbu have both published books exploring the economics relating to current policy questions. Join them for an enlightened conversation. The event will be chaired by Professor Michael Kenny. Please book your place on the Bennett Institute event page.

Event Date - Tuesday 24th November 2020

Tags:

Inequalities

Free Markets

Policy

State



Keynote: 2nd European Commission-JEDC Conference 

TODAY Prof. Giancarlo Corsetti is delivering the keynote speech on "The exchange rate insulation puzzle" at the 2nd European Commission-JEDC conference entitled ‘Secular Stagnation, Low Interest Rates and Low Inflation: Causes and Implications for Policy’. It is being held online from 5-6 November 2020. More information here: Event details

Published on - Thursday 5th November 2020

Tags:

Monetary Policy

Interest Rates

Secular Stagnation

Policy



Do Lockdowns Simply Postpone The Pain Of Covid-19? 

Dr. Flavio Toxvaerd and Dr. Chryssi Giannitsarou (with Ben Moll - LSE), have written a new entry for the Economics Observatory asking The Pound-of-Flesh Fallacy: Do Lockdowns Simply Postpone The Pain Of Covid-19?. This blog looks at the possibility that whatever measures are taken to reduce the spread of coronavirus, they are unlikely to reduce the ultimate death toll.

Published on - Monday 2nd November 2020

Tags:

COVID-19

Lockdown

Policy

Women in Economics



Free School Meal Vouchers: An Opportunity to Level Nutritional Inequality? 

In her recent working paper "Nutritional Inequality: The Role of Prices, Income, and Preferences", Dr Noriko Amano-Patiño suggests that the Government should look at the options for free school meals for children in the holidays, as an initiative to level nutritional inequalities.

Published on - Thursday 29th October 2020

Tags:

Inequality

Health

Policy

Women in Economics



European Economic Review Special Section 

Dr. Flavio Toxvaerd will guest edit (co-edited with Cecile Aubert, University of Bordeaux and TSE) the European Economic Review Journal's Special Section on economics of infectious diseases and epidemics. This Section will collect accepted articles at the European Economic Review that pertain to Covid-19 and similar epidemics, and will allow for a faster average handling of submissions on this topic. Read More>>

Published on - Wednesday 28th October 2020

Tags:

COVID-19

Infectious Disease

Policy

Epidemics



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

Tags:

Monetary Policy

Interest Rates

Secular Stagnation

Policy



Effect on Global Economy of Reimposed EU Lockdowns 

Dr. Flavio Toxvaerd was interviewed for Cheddar News Network on Friday 23rd October 2020, where he discussed the reimplementation of lockdowns across Europe, due to the rise in COVID-19 cases and the global economic impact of this. Read More>>

Published on - Tuesday 20th October 2020

Tags:

COVID-19

Lockdown

Policy

Social Distancing



Economic Consequences of Covid-19 

Dr. Kamiar Mohaddes, with Alexander Chudik (Federal Reserve Bank of Dallas), M. Hashem Pesaran (University of Southern California), Mehdi Raissi (IMF) and Alessandro Rebucci (Johns Hopkins Carey Business School) have published an article for VOXeu titled "Economic Consequences of Covid-19: A Counterfactual Multi-Country Analysis". Read More>>

Published on - Tuesday 20th October 2020

Tags:

COVID-19

Global Economics

Recession

Policy



Pandemic Fears and Reactions 

Dr. Flavio Toxvaerd was quoted in The Telegraph article "Fears Wet Weather Could Fuel Covid 19 Spread." and also commented on a recent No. 10 briefing where Boris Johnson shifted emphasis from blanket lockdowns to the use of regional and local measures for Science Media Centre "Expert Reaction to No. 10 Press Briefing on 30th September " Read More>>

Published on - Tuesday 6th October 2020

Tags:

COVID-19

Infectious Disease

Policy



The Master And The Prodigy 

There is little doubt that John Maynard Keynes fundamentally shaped economics and policymaking in the twentieth century. Less appreciated is that he owes some of his central insights to a brilliant Cambridge polymath who died in 1930 at age 26. Want to know more? Read Dr. Bill Janeway’s essay.

Published on - Wednesday 30th September 2020

Tags:

Keynes

Policy

Economics



What Data is Driving the UK’s New COVID-19 Restrictions? 

Dr. Flavio Toxvaerd was quoted in the Independant "What is the Data Driving the UK’s New Coronavirus Restrictions?" and Daily Mail "Projection versus Reality – Experts say Britain Falls Short." in which Dr Toxvaerd claims that projections often rely ‘on behavioural assumptions that are unlikely to be borne out in practice and so the projections often look too gloomy in retrospect'. Read More>>

Published on - Wednesday 23rd September 2020

Tags:

COVID-19

Infectious Disease

Policy



Appointed to Board of Economists, São Paulo 

We are pleased to announce that Dr Tiago Cavalcanti has been appointed to join the Board of Economics of the State of São Paulo in Brazil. The group will provide external expert economic analysis, current and future financial outlooks, and advice to the governor of São Paulo and state secretaries. Read More>>

Published on - Wednesday 16th September 2020

Tags:

Economic Analysis

Economics

Policy

Brazil



COVID-19 Symposium of the EEA 

Dr. Flavio Toxvaerd spoke recently about ‘Future Challenges for Economic Epidemiology’ at the COVID-19 Symposium of the European Economic Association. A video of Dr. Toxvaerd's talk is available to watch on the EEA youtube channel. Read More>>

Published on - Monday 7th September 2020

Tags:

COVID-19

Infectious Disease

Policy



D-DebtCon Webinar  

Prof. Giancarlo Corsetti will be speaking at the D-DebtCon Webinar entitled ‘Sovereign Debt in the European Union’ on 8 September 2020 at 3.30PM CEST on ‘Debt Crises Fast and Slow’. See the Programme and Registration details.

Published on - Tuesday 1st September 2020

Tags:

COVID-19

Economy

Policy

Debt



EEA Congress Covid 19 Symposium 

Dr. Flavio Toxvaerd will be speaking at the Covid 19 Symposium on August 28th 2020 at 15.30 CEST organised by the EEA Congress and will look at future challenges for the epi-economics literature. Prof. Oriana Bandiera Prof. Oriana Bandiera will discuss the impact on lower-income countries and appropriate policy responses while Prof. Daron Acemoglu Prof. Daron Acemoglu looks at the political ramifications of the crisis.

Published on - Friday 28th August 2020

Tags:

COVID-19

Infectious Disease

Policy



Production Network Analysis and COVID-19 Policy 

Professor Vasco Carvalho and Professor Andrea Galeotti (London Business School) have published an article for Economics Observatory on "How Can Production Network Analysis Inform Policy on COVID-19?". This article looks at how production network analysis can provide insights into the effects of imposing and lifting lockdowns, which in turn can lead to policies to support recovery.

Published on - Tuesday 25th August 2020

Tags:

COVID-19

Networks

Policy

Production Networks



The Heterogeneous Transmission of ECB Policies in a Post-COVID Europe 

Professor Giancarlo Corsetti, Joao B. Duarte (Nova School of Business and Economics) and Samuel Mann (IMF) have published an article for VOXeu titled "The Heterogeneous Transmission of ECB Policies: Lessons for a Post-COVID Europe". This column suggests that the disruption to market integration brought about by the COVID-19 crisis may create further challenges to conducting monetary policy in the euro area.

Published on - Friday 7th August 2020

Tags:

COVID-19

Policy

Europe

Heterogeneity



Perpetual Bonds are not the Best Way to Finance the European Recovery Fund 

Professor Giancarlo Corsetti, Aitor Erce and Antonio Garcia Pascual's article "Perpetual bonds are not the best way to finance the European Recovery Fund" has been featured by VoxEU CEPR Policy Portal. This column looks at the potential gains of using European borrowing and lending as two separate policy levers, instead of financing the ERF using joint perpetual debt.

Published on - Monday 18th May 2020

Tags:

COVID-19

Debt

EU

Policy



Covid Economics: A Real-Time Journal 

Professor Giancarlo Corsetti joins the editorial board promoting, "Covid Economics: A Real-Time Journal (CEJ)". The Centre for Economic Policy Research (CEPR) has decided to launch this new online peer-reviewed review to disseminate emerging scholarly work on the Covid-19 epidemic. CEPR have just published Covid Economics: Vetted and Real-Time Papers Issue 1.

Published on - Saturday 28th March 2020

Tags:

COVID-19

Policy

Theoretical Research

Empirical



Growth: Cautionary Tales from History - Cabinet Office Blog 

The Cabinet Office blog has published an essay by Professor Sheilagh Ogilvie on her 2019 Thought Experiment Lecture at the Treasury. Prof. Ogilvie's Open Innovation essay presents highlights of her lecture, with accompanying video interview on working with policymakers, and a link to a full-length summary of her lecture.

Published on - Friday 24th January 2020

Tags:

Growth

Policy

Economic History

Women in Economics



Ukraine’s Land Market Reform 

Dr. Alex Rodnyansky was quoted in the Reuters article "Ukraine Adviser: Excluding Foreigners From Buying Land Will Hurt Growth", which looks at the Ukraine’s land market reform. Dr. Rodnyansky is the Chief Economic Adviser to the Prime Minister of Ukraine.

Published on - Tuesday 26th November 2019

Tags:

Policy

Reforms

Land Market

Ukraine



Chief Economic Adviser to Ukraine 

Dr. Alex Rodnyansky has been appointed as Chief Economic Adviser to the Prime Minister of Ukraine from September 2019. Dr Rodnyansky is responsible for drafting and monitoring the overall economic reform agenda in Ukraine, devoting particular attention toward its internal consistency. Read More>>

Published on - Tuesday 29th October 2019

Tags:

Policy

Reforms

Growth

Ukraine



Video - What Policymakers Can Learn From Economic History 

Professor Sheilagh Ogilvie gave the Thought Experiment Lecture at the Cabinet Office on 18 October to officials from the Cabinet Office, HM Treasury, and other government departments. The lecture emphasized, on the basis of European economic history, that policymakers should regard institutions as an integrated system rather than a menu from which one or two items can be chosen. Read More>>

Published on - Wednesday 23rd October 2019

Tags:

Economic History

Policy

Women in Economics



Institutions and Macroeconomic Policies in Resource-Rich Arab Economies: Book Launch and Panel Discussion 

Join Shanta Deverajan (Georgetown University and former acting Chief Economist at the World Bank), Adeel Malik (Oxford University) and Kamiar Mohaddes (University of Cambridge) as they discuss their recent work published in the new Oxford University Press volume Institutions and Macroeconomic Policies in Resource-Rich Arab Economies, edited by Kamiar Mohaddes (University of Cambridge), Jeffrey B. Nugent (University of Southern California) and Hoda Selim (International Monetary Fund).

Event Date - Tuesday 5th November 2019

Tags:

Institutions

Macroeconomics

Policy

Resource-Rich



Institutions and Macroeconomic Policies in Resource-Rich Arab Economies 

Dr. Kamiar Mohaddes's edited volume "Institutions and Macroeconomic Policies in Resource-Rich Arab Economies", joint with Jeffrey B. Nugent (University of Southern California) and Hoda Selim (International Monetary Fund), has just been published by Oxford University Press. Read More>>

Published on - Friday 31st May 2019

Tags:

Institutions

Macroeconomics

Policy

Resource-Rich



Major Policy Challenges Explored 

Dr. Flavio Toxvaerd has been made a visiting fellow of the Bennett Institute for Public Policy. Along with two other visiting fellows, Dr. Toxvaerd will be exploring major policy changes over the next year.

Published on - Tuesday 20th November 2018

Tags:

Public Policy

Policy



Persistent Output Gaps: Causes and Policy Remedies Workshop 

3rd - 4th September 2015 at Gonville & Caius College, Cambridge. The invited speakers are Gauti Eggerston (Brown), Bob Hall (Stanford) and Alp Simpsek (MIT)

Event Date - Thursday 3rd September 2015

Tags:

Policy



Economics and Policy in a Historical Mirror: The 'Thirties and the Noughties' 

A debate around the latest book by Professor Barry Eichengreen. 15th April 2015 - King's, College, Cambridge.

Event Date - Wednesday 15th April 2015

Tags:

Policy

Economic History



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

Tags:

International Economics

Monetary Policy

Economy

Policy



Understanding Financial Markets Event, at the British Academy 

Understanding Financial Markets: Professor Maureen O'Hara (Cornell) and Elroy Dimson (Judge Business School) will give talks on "Understanding Financial Markets: Research, Practice and Policy" at the British Academy, London on 30th April 2014, from 6.30 - 8.00 pm.

Event Date - Wednesday 7th May 2014

Tags:

Financial Markets

Policy




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