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Faculty of Economics

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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

Dr Elisa Faraglia
University Associate Professor

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
Affiliated Faculty Member

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
Senior Teaching Associate

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.

Dr Christopher Rauh
University Assistant Professor

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

Daniel Wales
Janeway Fellow in Economics

Research Interests
Macroeconomics, Monetary Policy and International Economics

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

Xiaohua Chen

Title: Essays on Real Financial Linkages over Medium-term Cycles

Research Interests
Macro-Finance, Economic Cycles, Banking and Finance, Economic History

Radu Cristea

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

Lukas Freund

Title: The Macroeconomics of Automation and Inequality

Research Interests
Macroeconomics, Labor Economics, Innovation, Computational Methods

Timo Haber

Title: Three Essays in Modern Macroeconomics

Research Interests
Macroeconomics, Financial Frictions, Monetary Economics, Heterogeneous Firms and Agents

Andrew Hannon

Title: The Links between Bank and Sovereign Risk

Zeina Hasna

Title: Essays on the Macroeconomic Effects of Climate Change

Research Interests
Macroeconomics, Structural Change, Growth & Inequality, Environment Economics

Alfie Lake

Title: Empirical Analyses of Housing Cycles and Macroeconomics

Research Interests
Housing Cycles, Behavioural Macroeconomics and Finance, Macroeconometrics

Seung Hyun Maeng

Title: Saving Glut and Global Imbalances

Emile Marin

Title: The Hegemon's Dilemma : Intertemporal terms of trade manipulation and expenditure-switching.

Daniel Ostry

Title: Tails of Foreign Exchange at Risk (FEaR)

Research Interests
Macro-Finance and Disaster Risk

Charles Parry

Research Interests
Product Market Developments and Monetary Policy

Alba Patozi

Title: Financial Stability and Macro-prudential Policies

Niklas Schmitz

Research Interests
Monetary Policy, Risk Premia, and Asset Prices

Maryam Vaziri

Title: Essays on Macroeconomics and Firm Dynamics

Research Interests
Macroeconomics, Firm Dynamics, Productivity and Growth, Industrial Organisation

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

Xiaocong Zhang

Research Interests
The Economic Consequences of Land Finance in China: An Estimated DSGE Model

Xiaoxiao Zhang

Research Interests
Revisiting Globalization and Inequality


Research Grants

Keynes Fund Sponsored Projects

More Sponsored Projects >>

Published Papers

Mueller, H. and Rauh, C. Using Past Violence and Current News to Predict Changes in Violence, International Interactions (2022)
Mueller, H. and Rauh, C. The Hard Problem of Prediction for Conflict Prevention, Journal of the European Economic Association, forthcoming (2022)
Brotherhood, l., Cavalcanti, T., Da Mata, D. and Santos, C. Slums and Pandemics, Journal of Development Economics, forthcoming (2022)
Ramachandran, R. and Rauh, C. The Imperium of the Colonial Tongue? Evidence on Language Policy Preferences in Zambia, Journal of African Economies (2022)
Adams-Prassl, A., Boneva, T., Golin, M. and Rauh, C. The Impact of the Coronavirus Lockdown on Mental Health: Evidence from the United States, Economic Policy (2022)
Adams-Prassl, A., Boneva, T., Golin, M. and Rauh, C. Work Tasks That Can Be Done From Home: Evidence on Variation Within and Across Occupations and Industries, Labour Economics (2022)
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 (2022)
Boneva, T., Golin, M. and Rauh, C. Can Perceived Returns Explain Enrollment Gaps in Postgraduate Education?, Labour Economics (2021)

More Papers >>

Cambridge Working Papers in Economics

Mueller, H., Rauh, C., Ruggieri, A. Dynamic Early Warning and Action Model, CWPE2236 (2022)
Adams-Prassl, A., Boneva, T., Golin, M. and Rauh, C. Perceived Returns to Job Search, CWPE2231 (2022)
Brendon, C. Optimal Nonlinear Savings Taxation, CWPE2221 (2022)
Mueller, H., Rauh, C. Using Past Violence and Current News to Predict Changes in Violence, CWPE2220 (2022)
Rauh, C. and Santos, M. R. How do transfers and universal basic income impact the labor market and inequality?, CWPE2208 (2022)
Fetzer, T. and Rauh, C. Pandemic pressures and public health care: evidence from England, CWPE2207 (2022)
Mohaddes, K., Ng, R. N. C., Pesaran, M. H., Raissi, M. and Yang, J-C. Climate Change and Economic Activity: Evidence from U.S. States, CWPE2205 (2022)
Debnath, R., Bardhan, R., Mohaddes, K., Shah, D. U., Ramage, M. H. and Alvarez, R. M. People-centric Emission Reduction in Buildings: A Data-driven and Network Topology-based Investigation, CWPE2202 (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

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 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
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

There are currently no Seminars scheduled

Recent Publications

Brotherhood, l., Cavalcanti, T., Da Mata, D. and Santos, C. Slums and Pandemics Journal of Development Economics, forthcoming [2022]

Bodenstein, M., Corsetti G. and Guerrieri, L. Social Distancing and Supply Disruptions in a Pandemic Quantitative Economics, accepted [2021]

Watson, A. Trade Credit, Trade Income Elasticity and the International Transmission of Shocks Eurasian Economic Review, accepted [2021]

Selected CWPE


Union Debt Management, Equiza-Goni, J., Faraglia, E., Oikonomou, R.


Informative Social Interactions, Arrondel, L., Calvo-Pardo, H., Giannitsarou, C., Haliassos, M.


The Growth Effects of El Niño and La Niña: Local Weather Conditions Matter, Couharde, C., Damette, O., Generoso, R., Mohaddes, K.