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Research Interests

Macroeconomic theory with applications. Recursive and numerical methods.


Dr. Rendahl received PhD from the European University Institute, Florence (2007). After spending a year as a post-doctoral researcher at the University of Amsterdam, he subsequently took up his first academic position at UC Davis, California, in 2008. Dr. Rendahl joined the Economics Faculty at Cambridge in 2011.

Recent Publications

Published Papers

Rendahl, P. Fiscal policy in an unemployment crisis, (2016) Review of Economic Studies
Rendahl, P. Inequality constraints and Euler equation based solution methods, (2015) The Economic Journal
Rendahl, P. Asset based unemployment insurance, (2012) International Economic Review
Den Haan, W. J. and Rendahl, P. Solving the incomplete markets model with aggregate uncertainty using explicit aggregation, (2010) Journal of Economic Dynamics and Control

Cambridge Working Papers in Economics

Den Haan, W., Freund, L. B. and Rendahl, P. Volatile Hiring: Uncertainty in Search and Matching Models, (2020) CWPE20125
Freund, L. B. and Rendahl, P. Unexpected Effects: Uncertainty, Unemployment, and Inflation, (2020) CWPE2035
Impullitti, G., Licandro, O., and Rendahl, P. Technology, Market Structure and the Gains from Trade, (2018) CWPE1892
Rendahl, P. Fiscal Policy in an Unemployment Crisis, (2014) CWPE1456
Rendahl, P. Inequality Constraints and Euler Equation based Solution Methods, (2013) CWPE1320

Chapter in Book

Algan, Y., Allais, O., Den Haan, W.J. and Rendahl, P. Solving and simulating models with heterogeneous agents and aggregate uncertainty, (2014) in the book: Handbook of Computational Economics - Elsevier

Recent Activities

Banks Do Not Create Money Out Of Thin Air
In recent years, some have claimed that banks create money ‘ex nihilo’. In the most read column this month for VoXEU "Banks Do Not Create Money Out Of Thin Air", Dr. Pontus Rendahl and (PhD Student) Lukas B. Freund explain that banks do not create money out of thin air, that there are no magic money trees.
Published on - Tuesday 7th January 2020

Faculty and Cambridge-INET Members to talk at the INET 'Reawakening' Conference
Professor Giancarlo Corsetti, Professor Sanjeev Goyal and Dr. Pontus Rendahl will all give talks on 'INET and Economics in Cambridge' at the INET 'Reawakening' conference in Edinburgh, on Saturday October 21st 2017.
Published on - Monday 16th October 2017

Faculty Senior Academic Promotions
Vasco Carvalho, Sara Horrell, Pontus Rendahl and Petra Geraats have all been successful in the Faculty's Senior Academic Promotions.
Published on - Thursday 15th June 2017

Macro/Trade Mini Conference
The Macro/Trade Mini Conference will be held on 31 May 2016, New Combination Room, Corpus Christi College. From 1.00pm - 5.00pm
Event Date - Tuesday 31st May 2016

Mini Conference on Heterogeneous Agents and Macroeconomic Modelling
The Heterogeneous Agent Model Mini Conference will take place onTuesday 10th May 2016 in the New Combination Room, Corpus Christi College.
Event Date - Tuesday 10th May 2016

Research Grants

A Dynamic Economic And Monetary Union (ADEMU) (Horizon 2020, Societal Challenges (SC))

COVID-19 Economic Research

Special Feature: COVID-19 Induced Uncertainty: Some Macro Implications


PIIA Paper 2 - Michaelmas - Intertemporal Macroeconomics
PIIA Paper 2 - Michaelmas - Unemployment and Labour Market
MPhil E201 - Applied Macroeconomics

PhD Students


Christian Rörig
PhD Title: On the State-Dependent Effectiveness of Different Fiscal Policies
Adrian Ochs
PhD Title:
Research: Macroeconomics, Computational Methods, Machine Learning


Jason Lu
PhD Title: Chapters in Macroeconomics and Macroeconomics
Research: Macroeconomics, Housing Markets and Asset Pricing
Lukas Freund
PhD Title: The Macroeconomics of Automation and Inequality
Research: Macroeconomics, Labor Economics, Innovation, Computational Methods

Dr Pontus Rendahl

University Reader

Research Group:

CV: Curriculum Vitae

Personal Site:

Contact Details
Room: 20
Office Hours: Mondays at 4pm
College: Corpus Christi