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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

McNerney, 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
Carvalho, V. M. and Grassi, B. Large Firm Dynamics and the Business Cycle, American Economic Review vol 109 no. 4 (2019) pp. 1375-1425

Cambridge Working Papers in Economics

Buda, 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
Carvalho, V. M. and Tahbaz-Salehi, A. Production Networks: A Primer, (2018) CWPE1856

Recent Activities


Cambridge’s Economics and Econometrics recognised in REF 2021
The results from the latest Research Excellence Framework (REF) have highlighted the global impact of the University of Cambridge’s research in the field of economics, with an acknowledgement of the world leading quality of our overall research submission marked by both an increase in GPA, and an increase in the percentage of the submission scored as ‘world leading’.
Published on - Thursday 12th May 2022

Weak links in supply chains are weaponised
An article in Nature magazine this week notes that weak links in finance and supply chains can be easily weaponised. It quotes the paper Prof. Vasco Carvalho, Prof. Matthew Elliot & John Spray, Supply Chain Bottlenecks in a Pandemic.
Published on - Tuesday 10th May 2022

How would an energy embargo affect Germany’s economy?
Professor Vasco Carvalho's research on Production Networks and Professor Matthew Elliott's research into Supply Network Formation and Fragility has been quoted in The Economist.
Published on - Friday 29th April 2022

Building resilient supply chains
Professor Vasco Carvalho's research on Production Networks, has been extensively quoted in the 2022 Economic Report of the US President, on 'Building Resilient Supply Chains'.
Published on - Thursday 28th April 2022

Where now for Economics?
A fascinating debate to celebrate the launch of the Janeway Institute discussed the future heading of research into economics, and examined the link between financial markets and the real economy.
Published on - Monday 6th December 2021

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

Maryam Vaziri
Maryam Vaziri
PhD Title: Essays on Macroeconomics and Firm Dynamics
Research: Macroeconomics, Firm Dynamics, Productivity and Growth, Industrial Organisation
Lukas Freund
Lukas Freund
PhD Title: The Macroeconomics of Automation and Inequality
Research: Macroeconomics, Labor Economics, Innovation, Computational Methods
Diogo Salgado Baptista
Diogo Salgado Baptista
PhD Title:
Research:
Deniz Atalar
Deniz Atalar
PhD Title:
Research: Inter-Sectoral Trade Linkages in Aggregate Fluctuation
Charles Parry
Charles Parry
PhD Title:
Research: Product Market Developments and Monetary Policy

Advisor

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

Prof. Vasco Carvalho

Vasco Carvalho











Professor of Macroeconomics
Director of the Janeway Institute

Research Group:
Macroeconomics

CV: Curriculum Vitae

Personal Site:
http://vasco-m-carvalho.github.io/

Contact Details
Email: vmpmdc2@cam.ac.uk
Room: 30