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Research Interests

Macroeconomics, Growth, Economic Development.


Ph.D. in economics from the University of Illinois at Urbana-Champaign. His research expertise is Macroeconomics, Economic Growth and Development. His research has appeared in leading academic journals, such as the Journal of Monetary Economics, Review of Economic Statistics, European Economic Review and the Journal of the European Economic Association. He is currently the managing editor of the BE Journal in Macroeconomics.

Recent Publications

Published Papers

Cavalcanti, T. and Santos, M. (Mis)Allocation Effects of an Overpaid Public Sector, Journal of the European Economic Association no. jvaa038 (2020)
Cavalcanti, T., Kocharkov, G. and Santos, C. Family Planning and Development: Aggregate Effects of Contraceptive Use, The Economic Journal (2020)
Cavalcanti, T., Da Mata, D. and, Toscani, F. Winning The Oil Lottery: The Impact of Natural Resource Extraction on Growth, Journal of Economic Growth (2019) pp. 1–37
Cavalcanti, T., Da Mata, D. and Santos, M. On the Determinants of Slum Formation, The Economic Journal, vol 129 (2019) pp. 1971-1991
Cavalcanti, T.V.D., Giannitsarou, C. and Johnson, C.R. Network Cohesion, Economic Theory, vol 64(1) (2017) pp. 1-21

Cambridge Working Papers in Economics

Cavalcanti, T., Hasna, Z. and Santos, C. Climate Change Mitigation Policies: Aggregate and Distributional Effects, (2021) CWPE2122
Brotherhood, L., Cavalcanti, T., Da Mata, D. and Santos, C. Slums and Pandemics, (2020) CWPE2076
Ajzenman, N., Cavalcanti, T. and Da Mata, D. More than Words: Leaders' Speech and Risky Behavior During a Pandemic, (2020) CWPE2034
Cavalcanti, T. V. D., Da Mata, D. and Toscani, F. Winning the Oil Lottery: The Impact of Natural Resource Extraction on Growth, (2014) CWPE1455
Cavalcanti, T. V. D., Mohaddes, K. and Raissi, M. Commodity Price Volatility and the Sources of Growth, (2011) CWPE1112

Chapter in Book

Calvacanti, T.V.D and Jalles, J.T. Oil shocks in Brazil and in the United States, (2010) in the book: Energy, bio fuels and development: comparing Brazil and the United States - Routledge
Cavalcanti, T.V.D, Guimaraes, J. F. and Nogueira, J. R. Is there any difference in well-being between American and Brazilian college students?, (2010) in the book: Economic development in Latin America: essays in honor of Werner Baer - Palgrave Macmillan

Research Activities

Dispersion in Financing Costs and Development
Professor Tiago Cavalcanti was a plenary speaker for the IV Workshop of the Spanish Macroeconomics Network, in Alicante (Spain).
Published on - Monday 11th October 2021

Climate-Macroeconomics Mini Conference
Cambridge-INET, the Centre for Macroeconomics and the Cambridge Faculty of Economics are holding a Mini Conference on the "Climate-Macroeconomics". It will take place on Tuesday 4th May 2021, 3:00pm-6:15pm BST (UK) and will be held online. See the event page for more details.
Published on - Friday 16th April 2021

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

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.
Published on - Wednesday 16th September 2020

COVID Economics Alumni Webinar Series
Cambridge-INET and Dr. Meredith Crowley are hosting a series of public lectures for Cambridge Alumni. The second of these webinars "Social capital, political leadership and COVID", will take place on Friday 22nd May 2020, at 1.00pm and feature talks by Professor Diane Coyle and Dr Tiago Cavalcanti. Please see the Cambridge-INET COVID Economics Alumni webinar series webpage for details.
Published on - Tuesday 12th May 2020

Research Grants

Rebuilding Macroeconomics (National Institute for Economic & Social Research (NIESR))

Keynes Fund Sponsored Projects

Cavalcanti, T.V.D, Credit Policies, Entrepreneurship and Development: Theory and Empirical Evidence on Brazil (JHLA)
Cavalcanti, T.V.D, Oil, Growth and Misallocation: Evidence from a Quasi-Experiment and Establishments Level Data (JHLO)
Cavalcanti, T.V.D, Gray Zones: On the Causes and Consequences of Slums (JHOB)
Iyer, S., Cavalcanti, T. V. D. and Rauh, C., How Important are Religious Organisations as Insurance? (JHOT)
Cavalcanti, T.V.D and Santos, C., Climate Change Mitigation Policies: Distributional and Allocative Effects (JHOV)
Mohaddes, K., Cavalcanti, T. V. D. and Da Mata, D., Climate Volatility, Weather Shocks and Economic Growth: Within-Country Evidence from Brazil (JHUD)
Cavalcanti, T.V.D and Mookherjee, D., Endogenous Segregation (JHUF)

COVID-19 Economic Research

Special Feature: Do Leaders' Words and Example Affect Citizens' Risky Behaviour During the Pandemic?

Press Articles

Interview to BBC on Bolsa Família

VoxEU analysis on The Output Costs of Gender Discrimination

Opinion Articles:

Será o fim do capitalismo? Nordeste Econômico, Maio 2009, Recife-PE, Brazil

Lucro dos bancos, Jornal do Comércio, March 2008, Recife-PE, Brazil

E se a conjuntura mundial fosse pior..., Nordeste Econômico, July 2007, Recife-PE, Brazil

As Universidades Públicas, Jornal do Comércio, January 2006, Recife-PE, Brazil


PIIB Paper 2 - Economic Growth
PIIB Paper 6 - Michaelmas - Credit and Banking
PIIB Paper 6 - Lent - Credit and Financial Development
MPhil R200 - Advanced Macroeconomics

PhD Students


Lidia Smitkova
PhD Title: Effects of trade on de-industrialization
Zeina Hasna
PhD Title: Essays on the Macroeconomic Effects of Climate Change
Research: Macroeconomics, Structural Change, Growth & Inequality, Environment Economics
Alba Patozi
PhD Title: Financial Stability and Macro-prudential Policies
Felipe Puccioni
Affiliation: Centre of Development Studies (CDS)
PhD Title: How does federalism affect education and economic development?


Christian Rörig
PhD Title: On the State-Dependent Effectiveness of Different Fiscal Policies
Maryam Vaziri
PhD Title: Essays on Macroeconomics and Firm Dynamics
Research: Macroeconomics, Firm Dynamics, Productivity and Growth, Industrial Organisation

Professor Tiago Cavalcanti

Professor of Economics

Research Group:

CV: Curriculum Vitae

Personal Site:

Contact Details
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