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Faculty of Economics


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Professor Florin Bilbiie
Professor of Macroeconomics

Research Interests
Aggregate Demand w/ Heterogeneity and Inequality; Aggregate Supply w/ Entry and Variety; Business Cycles and Monetary and Fiscal Stabilization Policies

Charles Brendon
El-Erian Fellow in Macroeconomics

Research Interests
Macroeconomic Theory and the Economics of Optimal Taxation


Professor Vasco Carvalho
Professor of Macroeconomics
Director of the Janeway Institute

Research Interests
Macroeconomics; Networks in Economics; Applied Econometrics

Professor Tiago Cavalcanti
Professor of Economics

Research Interests
Macroeconomics, Growth, Economic Development.


Professor Giancarlo Corsetti
Pierre Werner Chair at the European University Institute

Research Interests
International Economics and Open Economy Macroeconomics

Dr Ken Coutts
Emeritus Researcher

Research Interests
Open-economy models of debt dynamics; visible and invisible earnings in the balance of payments; macroeconomic policy; inflation; industrial pricing behaviour


Professor Elisa Faraglia
Professor of Macroeconomics and Finance

Research Interests
Macroeconomic Theory, Fiscal Policy and Debt Management.

Dr Petra Geraats
University Associate Professor

Research Interests
Macroeconomics, monetary policy and behavioral economics, with a special interest in central bank transparency


Professor Chryssi Giannitsarou
Professor of Macroeconomics and Finance

Research Interests
Macroeconomic theory, macro-finance, expectations, networks

Professor Sean Holly
Professor of Economics,
Faculty of Economics
Life Fellow, Fitzwilliam College
Honorary Professor, Edinburgh Business School
Governor and Fellow, NIESR

Research Interests
Macroeconomic policy. Applied spatial econometrics


Dr William H Janeway
Distinguished Affiliated Professor

Research Interests
Economics of Innovation, Venture Capital

Dr Myungun Kim
College Lecturer (Robinson College)

Research Interests
Firm-level Productivity, Innovation and Market Power, Micro-Econometrics


Dr Saite Lu
Mead Research Fellow and College Lecturer (Emmanuel College)

Research Interests
Sustainable Development, Macroeconomics, National Accounting and Structural Econometric Modelling

Dr Kamiar Mohaddes
Associate Professor in Economics & Policy (Judge Business School) and Fellow in Economics (King's College)

Research Interests
Macroeconomics; Global and National Macroeconometric Modelling; Energy Economics; Climate Change.


Professor Christopher Rauh
Professor of Economics and Data Science

Research Interests
Labour Economics, Political Economy

Dr Alexander Rodnyansky
University Assistant Professor

Research Interests
International Finance, Finance, Empirical Political Economy


Dr Demosthenes N.  Tambakis
Fellow and Director of Studies in Economics and Finance (Pembroke College)

Research Interests
Monetary policy; Exchange rate dynamics; Financial crises

Dr Anna Watson
The Peter Selman Fellow in Economics and Director of Studies in Economics (Fitzwilliam College)

Research Interests
Open-economy Macroeconomics, Monetary Economics, International Trade


 
 

Deniz Atalar

Research Interests
Inter-Sectoral Trade Linkages in Aggregate Fluctuation

Balduin Bippus

Title: International Finance

Research Interests
Macroeconomics, Monetary Policy and International Economics


Radu Cristea

Research Interests
Adopting the Euro: Curse or Blessing? Exploring the optimal policy mix

Mar Domenech-Palacios

Research Interests
International Finance, Macroeconomic Policy, Inequality, Uncertainty and Risk


Lukas Freund

Research Interests
Primary: Macroeconomics
Secondary: Labor, Firm Dynamics, Inequality, Productivity

Andrew Hannon

Title: Essays on the Economics of Debt Management and Default

Research Interests
Macroeconomics, Household Finance, Sovereign Debt, Financial Stability and the Housing Market


Alfie Lake

Title: Empirical Analyses of Housing Cycles and Macroeconomics

Research Interests
Housing Cycles, Behavioural Macroeconomics and Finance, Macroeconometrics

Fred Seunghyun Maeng

Title: Essays on Sovereign Default

Research Interests
Sovereign Default, International Lending and Financial Stability


Charles Parry

Research Interests
Product Market Developments and Monetary Policy

Niklas Schmitz

Research Interests
Empirical Macroeconomics


Yiming Xu

Title: Expected stock returns and capital misallocation in production networks

Naoki Yago

Research Interests
The Causation of Asset Price Bubbles and Financial Crises, and their Effects on Real Economy


Xiaoxiao Zhang

Research Interests
Climate Change, Monetary Policy and International Economics

 

Research Grants

Keynes Fund Sponsored Projects

  • Inequality and Business Cycles (JHVP) - Bilbiie, F. Project Summary and Output
  • Optimal Nonlinear Savings Taxation (JHVQ) - Brendon, C. Project Summary and Output
  • Credit Policies, Entrepreneurship and Development: Theory and Empirical Evidence on Brazil (JHLA) - Cavalcanti, T.V.D Project Summary and Output
  • Oil, Growth and Misallocation: Evidence from a Quasi-Experiment and Establishments Level Data (JHLO) - Cavalcanti, T.V.D Project Summary and Output
  • Gray Zones: On the Causes and Consequences of Slums (JHOB) - Cavalcanti, T.V.D Project Summary and Output
  • Climate Change Mitigation Policies: Distributional and Allocative Effects (JHOV) - Cavalcanti, T.V.D and Santos, C. Project Summary and Output
  • Endogenous Segregation (JHUF) - Cavalcanti, T.V.D and Mookherjee, D. Project Summary and Output
  • Loan Interest Rate Dispersion and Consumption Smoothing (JHVR) - Cavalcanti, T. Project Summary and Output
  • The Investment Channel of Monetary Policy during the Net-Zero Transition (JHVU) - Cavalcanti, T. and Mohaddes, K. Project Summary and Output
  • The Making of the Euro-area Crisis: Lessons from Theory and History (JHLP) - Corsetti, G. and Eichengreen, B. Project Summary and Output
  • Credit Constraints and Optimal Price Setting in International Markets (JHOR) - Corsetti, G. and Crowley, M. Project Summary and Output
  • Disaster Risk, Asset Prices and the Macroeconomy (JHUX) - Corsetti, G., Lloyd, S. and Marin, E. Project Summary and Output
  • Heterogeneity, Precautionary Savings and Government Debt Management (JHLW) - Faraglia, E. and Oikonomou, R.
  • Financial Decisions: The Role of Information Through Social Networks ** (JHLQ) - Giannitsarou, C. Project Summary and Output
  • Mapping of Rumours and Information Diffusion (JHOQ) - Giannitsarou, C., Toxvaerd, F. and Collier, N. Project Summary and Output
  • Trade and Financial Reallocation: Evidence from Brexit (JHWN) - Giannitsarou, C. and Faraglia, E.
  • Aggregate and Firm Level Volatility (JHOI) - Holly, S. Project Summary and Output
  • Climate Change, Volatility, and Economic Growth: Evidence from U.S. States (JHOU) - Mohaddes, K., Pesaran, M. H. and Raissi, M. Project Summary and Output
  • Climate Volatility, Weather Shocks and Economic Growth: Within-Country Evidence from Brazil (JHUD) - Mohaddes, K., Cavalcanti, T. V. D. and Da Mata, D. Project Summary and Output
  • Energy Incentives and Market Mechanism in Slum Rehabilitation Housing for Distributive Justice (JHVH) - Mohaddes, K., Coyle, D. and Bardhan, R. Project Summary and Output
  • The Impact of Automation and Fears of Job Displacement on Political Preferences (JHUQ) - Rauh, C. Project Summary and Output
  • The Economic Consequences of Conflict Risk (JHVO) - Rauh, C. and Mueller, H. Project Summary and Output
  • Confidence vs Competence: Understanding the Gender Gap in Financial Literacy (JHWF) - Rauh, C. Project Summary and Output
  • Inequality and the Organisation of Work in a Knowledge Economy (JHVB) - Freund, L. B. Project Summary and Output
  • Monetary Policy and Original Sin (JHWM) - Maeng, S. H
More Sponsored Projects >>

Published Papers

Mueller, H. and Rauh, C. Building Bridges to Peace: A Quantitative Evaluation of Power-Sharing Agreements, Economic Policy, accepted (2024)
Rauh, C. and Valladares-Esteban, A. On the Black-White Gaps in Labor Supply and Earnings over the Lifecycle in the US, Review of Economic Dynamics (2023)
Debnath, R., Ebanks, D., Mohaddes, K., Roulet, T. and Alvarez, R. M. Do Fossil Fuel Firms Reframe Online Climate and Sustainability Communication? A Data-Driven Analysis, npj Climate Action (2023)
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 (2023)
Klusak, P., Agarwala, M., Burke, M., Kraemer, M. and Mohaddes, K. Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness, Management Science (2023)
Adams-Prassl, A., Boneva, T., Golin, M. and Rauh, C. The value of sick pay, European Economic Review (2023)
Adams-Prassl, A., Boneva, T., Golin, M. and Rauh, C. Perceived returns to job search, Labour Economics (2023)
Freund, L. B., Lee, H. and Rendahl, P. The Risk-Premium Channel of Uncertainty: Implications for Unemployment and Inflation, Review of Economic Dynamics, forthcoming (2023)

More Papers >>

Cambridge Working Papers in Economics

Mueller, H., Rauh, C., Seimon, B. Introducing a Global Dataset on Conflict Forecasts and News Topics, CWPE2404 (2024)
Bilbiie, F. O., Trabandt, M. Sticky Prices or Sticky Wages? An Equivalence Result , CWPE2369 (2023)
Bilbiie, F. O., Melitz, M. J. Aggregate-Demand Amplification of Supply Disruptions: The Entry-Exit Multiplier, CWPE2368 (2023)
Bilbiie, F. O., Kanzig, D. R. Greed? Profits, Inflation, and Aggregate Demand, CWPE2358 (2023)
Rauh, C., Valladares-Esteban, A. On the Black-White Gaps in Labor Supply and Earnings over the Lifecycle in the US, CWPE2333 (2023)
Cavalcanti, T., Mohaddes, K., Nian, H., Yin, H. Air Pollution and Firm-Level Human Capital, Knowledge and Innovation, CWPE2301 (2023)
Freund, L. B. Superstar Teams: The Micro Origins and Macro Implications of Coworker Complementarities, CWPE2276 (2022)
Bilbiie, F., Primiceri, G. E., Tambalotti, A. Inequality and Business Cycles, CWPE2275 (2022)

More Papers >>

Authored Books

Giancarlo, C., Feld, L.P., Lane, P.R., Reichlin, L A new start for the Eurozone: dealing with debt, (2015), CEPR


Chapter in Book

Bhattacharjee, A., Ditzen, J. and Holly, S. Spatial and Spatio-Temporal Error Correction, Networks and Common Correlated Effects, (2022), forthcoming in Essays in Honor of M. Hashem Pesaran: Panel Modeling, Micro Applications, and Econometric Methodology. - Emerald Publishing Limited
Holly, S. Ball, Sir (Robert) James [Jim] (1933–2018), economist, (2022), forthcoming in Oxford Dictionary of National Biography. - Oxford University Press
Corsetti, G., Lloyd, S. and Marin, E. Emerging Market Currency Risk Around ‘global disasters’: Evidence from the Global Financial Crisis and the COVID-19 Crisis, (2020), forthcoming in COVID-19 in Developing Economies. Edited by Simeon Djankov, Ugo Panizza - A CEPR Press VoxEU.org eBook
Chudik, A., Mohaddes, K. and Pesaran, M .H. Identifying Global and National Output and Fiscal Policy Shocks Using a GVAR, (2020), forthcoming in Advances in Econometrics (Volume 41): Essays in Honor of Cheng Hsiao. Edited by Tong Li, M. Pesaran, Dek Terrell - Emerald Publishing
Mohaddes, K., Nugent, J.B, and Selim, H. Reforming fiscal institutions in resource-rich Arab economies: policy proposals, (2019), forthcoming in Institutions and macroeconomic policies in resource-rich Arab economies. Edited by Kamiar Mohaddes, Jeffrey Nugent, Hoda Selim - Oxford University Press
El-Anshasy, A., Mohaddes, K. and Nugent, J. B. Oil, Volatility and Institutions: Cross-Country Evidence from Major Oil Producers, (2019), forthcoming in Institutions and Macroeconomic Policies in Resource-Rich Arab Economies. Edited by Kamiar Mohaddes, Jeffrey Nugent, Hoda Selim - Oxford University Press
Mohaddes, K., Nugent, J. B. and Selim, H. Objectives, Issues, and Findings, (2019), forthcoming in Institutions and Macroeconomic Policies in Resource-Rich Arab Economies. Edited by Kamiar Mohaddes, Jeffrey Nugent, Hoda Selim - Oxford University Press
Mohaddes, K., and Raissi. M. Does Inflation Slow Long-Run Growth in India?, (2016), forthcoming in Taming Indian Inflation. - International Monetary Fund
Cashin, P., Mohaddes, K., and Raissi. M. The Global Impact of the Systemic Economies and MENA Business Cycles, (2016), forthcoming in Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies. - Cambridge University Press
Bhattacharjee, A. and Holly, S. 7 - MPC decision-making, the Long Expansion and the crisis: integration with the global economy, heterogeneity and network dynamics, (2016), forthcoming in The UK Economy in the Long Expansion and its Aftermath. Edited by Jagjit Chadha, Alec Crystal, Joe Pearlman, Peter - Cambridge University Press
Geraats, P. M. Monetary Policy Transparency, (2014), forthcoming in The Oxford Handbook of Economic and Institutional Transparency. Edited by Jens Forssbæck, Lars Oxelheim - Oxford University Press
Mohaddes, K. and Pesaran, M.H. One Hundred Years of Oil Income and the Iranian Economy: A Curse or A Blessing?, (2013), forthcoming in Iran and the Global Economy: Petro Populism, Islam and Economic Sanctions. Edited by Parvin Alizadeh, Hassan Hakimian - Routledge
Geraats, P. M. Transparency, Flexibility and Macroeconomic Stabilization, (2013), forthcoming in Central Bank Communication, Decision-Making and Governance - The Issues, Challenges, and Case Studies. Edited by Pierre Siklos, Egbert Sturm - CESifo and MIT Press
Geraats, P. M. ECB credibility and transparency, (2010), forthcoming in The Euro: The first decade. . Edited by Marco Buti, Servaas Deroose, Vítor Gaspar - Cambridge University Press and
Corsetti, G., Dedola, L. and Leduc, S. Optimal monetary policy in open economies, (2010), forthcoming in Handbook of monetary economics. Edited by Ben Friedman, Michael Woodford - North-Holland
Calvacanti, T.V.D and Jalles, J.T. Oil shocks in Brazil and in the United States, (2010), forthcoming in Energy, bio fuels and development: comparing Brazil and the United States . Edited by Edmund Amann, Werner Baer, Don Coes - 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), forthcoming in Economic development in Latin America: essays in honor of Werner Baer. Edited by Hadi Esfahani, Giovanni Facchini, Geoffrey Hewings - Palgrave Macmillan
Coutts, K. and Norman, N. Post-Keynesian approaches to industrial pricing, (), forthcoming in The Oxford Handbook of Post-Keynesian Economics. Edited by Geoffrey Harcourt , Peter Kriesler - Oxford University Press
Bhattacharjee, A. and Holly, S. MPC decision-making, the Long Expansion and the crisis: integration with the global economy, heterogeneity and network dynamics, (), forthcoming in The UK economy in the long expansion and its aftermath. Edited by Jagjit Chadha, Alec Chrystal, Joe Pearlman, Peter - Cambridge University Press


Conference Publication

Geraats, P. M. Talking Numbers: Central Bank Communications on Monetary Policy and Financial Stability, (2011) Central Bank Statistics - What Did the Financial Crisis Change?, proceedings of the Fifth ECB Conference on Statistics, Frankfurt, Germany
Geraats, P. M. Price and Financial Stability: Dual or Duelling Mandates?, (2010) Central Banking after the Crisis, proceedings of the 38th Economics Conference of the Oesterreichische Nationalbank, Vienna,
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Macroeconomics Research Group




Axelle Ferriere - This event has been CANCELLED
"tbc"
Wednesday 28th February 2024 3:14am
Meade (Macro-JI)
Edouard Challe
()
""
Wednesday 28th February 2024 3:14am
Hybrid Meade (Macro-JI)


Recent Publications


Equiza-Goni, J., Faraglia, E. and Oikonomou, R. Union Debt Management Journal of International Money and Finance [2023]

Klusak, P., Agarwala, M., Burke, M., Kraemer, M. and Mohaddes, K. Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness Management Science [2023]

Freund, L. B., Lee, H. and Rendahl, P. The Risk-Premium Channel of Uncertainty: Implications for Unemployment and Inflation Review of Economic Dynamics, forthcoming [2023]



Selected CWPE


23
58

Greed? Profits, Inflation, and Aggregate Demand, Bilbiie, F. O., Kanzig, D. R.

22
76

Superstar Teams: The Micro Origins and Macro Implications of Coworker Complementarities, Freund, L. B.

22
75

Inequality and Business Cycles, Bilbiie, F., Primiceri, G. E., Tambalotti, A.