Research Interests
Macroeconomics; Networks in Economics; Applied Econometrics
Biography
Ph.D. in Economics from the University of Chicago (2008); European Research Council Starting Grant (2013) for the project MacroNets, Production Networks in Macroeconomics.
Recent Publications
Published Papers
Pichler, A., Diem, C., Brintrup, A., Lafond, F., Magerman, G., Buiren, G., Choi, T., Carvalho, V. M., Farmer, J. and Thurner, S. Building an Alliance to Map Global Supply Networks, Science vol 382(6668) (2023) pp. 270-272McNerney, J., Savoie, C., Caravelli, F., Carvalho, V. M., Farmer, J. D. How production networks amplify economic growth, Proceedings of the National Academy of Sciences vol 119 no. 1 (2022)
Carvalho, V. M., Garcia, J. R., Hansen, S., Ortiz, A., Rodrigo, T., Rodríguez Mora, J. V. and Ruiz, P. Tracking the COVID-19 Crisis with High-Resolution Transaction Data, Royal Society Open Science vol 8(8) (2021)
Carvalho, V. M., Nirei, M., Saito, Y. U. and Tahbaz-Salehi, A. Supply Chain Disruptions: Evidence from the Great East Japan Earthquake, Quarterly Journal of Economics vol 136(2) no. qjaa044 (2021) pp. 1255-1321
Carvalho, V. M. and Tahbaz-Salehi, A. Production Networks: A Primer, Annual Review of Economics vol 11 (2019) pp. 635-663
Cambridge Working Papers in Economics
Buda, G., Carvalho, V. M., Corsetti, G., Duarte, J. B., Hansen, S., Moura, A. S., Ortiz, A., Rodrigo, T., Rodríguez Mora, J. V., Alves da Silva, G. Short and Variable Lags, (2023) CWPE2321Buda, G., Carvalho, V. M., Hansen, S., Mora, J. V. R., Ortiz, Á., Rodrigo, T. National Accounts in a World of Naturally Occurring Data: A Proof of Concept for Consumption, (2022) CWPE2244
McNerney, J., Savoie, C., Caravelli, F., Carvalho, V. M., Farmer, J. D. How production networks amplify economic growth, (2021) CWPE2183
Burstein, A., Carvalho, V. M. and Grassi, B. Bottom-up Markup Fluctuations, (2020) CWPE2096
Carvalho, V. M., Garcia, J. R., Hansen, S., Ortiz, Á., Rodrigo, T., Rodríguez Mora, J. V.and Ruiz, J. Tracking the COVID-19 Crisis with High-Resolution Transaction Data, (2020) CWPE2030
Recent Activities
Professor Carvalho to join EEA
Director of the Janeway Institute, Professor Vasco Carvalho has joined the European Economic Association Council for a term of five years.
Published on - Monday 27th November 2023
Building an alliance to map global supply networks
A new academic paper co-authored by the Faculty’s Professor of Macroeconomics and Director of the Janeway Institute, Vasco Carvalho has been published by Science Magazine, and suggests that new firm-level data can inform policy-making.
Published on - Tuesday 24th October 2023
Sloan Foundation awards Economics a grant for meso-economics
The co-principal Investigators Professor Vasco Carvalho, and Professor Matthew Elliott, have been awarded a grant of a quarter of a million US dollars by the Sloan Foundation to bring towards the mainstream of economics a branch of research on meso-economics.
Published on - Thursday 14th September 2023
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
National accounts in a world of naturally occurring data
Prof. Vasco Carvalho has been featured in the magazine for the Stone Centre which advances research and teaching to provide a clear understanding of the causes of wealth inequality, and its economic and political consequences.
Published on - Tuesday 17th January 2023
Research Grants
Leverhlume Trust Prize (Leverhulme Trust)
Turing Fellow Award: Funding award for Turing-HSBC Programme (Alan Turing Institute)
Production Networks In Macroeconomics (MACRONETS) (European Commission (FP7))
Cambridge-INET Institute (C-INET) (Institute for New Economic Thinking)
The Janeway Institute for Economics
Director of the Janeway Institute
COVID-19 Economic Research
Special Features: The COVID-19 Crisis Through the Lens of 1.4 Billion Transactions
Supply Chain Bottlenecks in a Pandemic
Teaching
PIIB Paper 2 - Lent - Business Cycle Theory
PhD20 - Firms and Sectors in the Macroeconomy
PhD Students
Supervisor

Lukas Freund
PhD Title:
Research: Primary: Macroeconomics
Secondary: Labor, Firm Dynamics, Inequality, Productivity
PhD Title:
Research: Primary: Macroeconomics
Secondary: Labor, Firm Dynamics, Inequality, Productivity




Naoki Yago
PhD Title:
Research: The Causation of Asset Price Bubbles and Financial Crises, and their Effects on Real Economy
PhD Title:
Research: The Causation of Asset Price Bubbles and Financial Crises, and their Effects on Real Economy

Mathis Momm
PhD Title:
Research:
PhD Title:
Research:
Advisor



Razan Amine
PhD Title:
Research:
PhD Title:
Research: