Cambridge Working Papers in Economics

Ferreira, T. R. T., Ostry, D. A., Rogers, J. Firm Financial Conditions and the Transmission of Monetary Policy, CWPE2316 (2023)
Patozi, A. Green Transmission: Monetary Policy in the Age of ESG, CWPE2311 (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)
Cavalcanti, T., Iyer, S., Rauh, C., Roerig, C. and Vaziri, M. A City of God: Afterlife Beliefs and Job Support in Brazil, CWPE2268 (2022)
Freund, L. B., Lee, H., Rendahl, P. The Risk-Premium Channel of Uncertainty: Implications for Unemployment and Inflation, CWPE2251 (2022)
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, CWPE2244 (2022)
Brendon, C. Optimal Nonlinear Savings Taxation, CWPE2221 (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)
McNerney, J., Savoie, C., Caravelli, F., Carvalho, V. M., Farmer, J. D. How production networks amplify economic growth, CWPE2183 (2021)
Ferreira, M., Haber, T. and Rörig, C. Financial Factors, Firm size and Firm Potential, CWPE2176 (2021)
Yago, N. Financial Market Globalization and Asset Price Bubbles, CWPE2167 (2021)
Agarwala, M., Burke, M., Klusak, P., Mohaddes, K., Volz, U. and Zenghelis, D. Climate Change and Fiscal Sustainability: Risks and Opportunities, CWPE2163 (2021)
Corsetti, G., Lipinska, A. and Lombardo, G. Sharing Asymmetric Tail Risk Smoothing, Asset Pricing and Terms of Trade, CWPE2153 (2021)
Klusak, P., Agarwala, M., Burke, M., Kraemer, M. and Mohaddes, K. Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness, CWPE2127 (2021)
Cavalcanti, T., Hasna, Z. and Santos, C. Climate Change Mitigation Policies: Aggregate and Distributional Effects, CWPE2122 (2021)
Bodenstein, M., Corsetti, G. and Guerrieri, L. Economic and Epidemiological Effects of Mandated and Spontaneous Social Distancing, CWPE2117 (2021)
Chudik, A., Mohaddes, K. and Raissi, M. Covid-19 Fiscal Support and its Effectiveness, CWPE2116 (2021)
Corsetti, G., Kuester, K., Müller, G. J. and Schmidt, S. The Exchange Rate Insulation Puzzle, CWPE2109 (2021)
Burstein, A., Carvalho, V. M. and Grassi, B. Bottom-up Markup Fluctuations, CWPE2096 (2020)
Cantore, C. and Freund, L. B. Workers, Capitalists, and the Government: Fiscal Policy and Income (Re)Distribution, CWPE2095 (2020)
Chudik, A., Mohaddes, K., Pesaran, M. H., Raissi, M. and Rebucci, A. A Counterfactual Economic Analysis of Covid-19 Using a Threshold Augmented Multi-Country Model, CWPE2088 (2020)
Tambakis, D. A Markov-Chain Measure of Systemic Banking Crisis Frequency, CWPE2083 (2020)
Genakos, C., Grey, F., and Ritz, R. Generalized linear competition: From pass-through to policy, CWPE2078 (2020)
Brotherhood, L., Cavalcanti, T., Da Mata, D. and Santos, C. Slums and Pandemics, CWPE2076 (2020)
Bhattacharjee, A., Ditzen, J. and Holly, S. Spatial and Spatio-temporal Engle-Granger representations, Networks and Common Correlated Effects, CWPE2075 (2020)
Darmouni, O., Giesecke, O. and Rodnyansky, R. The Bond Lending Channel of Monetary Policy, CWPE2049 (2020)
Mohaddes, K., and Williams, R. The Adaptive Investment Effect: Evidence from Chinese Provinces, CWPE2046 (2020)
Amano-Patiño, N., Faraglia, E., Giannitsarou, C. and Hasna, Z. The Unequal Effects of Covid-19 on Economists' Research Productivity, CWPE2038 (2020)
Freund, L. B. and Rendahl, P. Unexpected Effects: Uncertainty, Unemployment, and Inflation, CWPE2035 (2020)
Ajzenman, N., Cavalcanti, T. and Da Mata, D. More than Words: Leaders' Speech and Risky Behavior During a Pandemic, CWPE2034 (2020)
Bodenstein, M., Corsetti, G. and Guerrieri, L. Social Distancing and Supply Disruptions in a Pandemic, CWPE2031 (2020)
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, CWPE2030 (2020)
Bergin, P. R. and Corsetti, G. The Macroeconomic Stabilization Of Tariff Shocks: What Is The Optimal Monetary Response?, CWPE2026 (2020)
Corsetti, G. and Marin, E. A. A Century of Arbitrage and Disaster Risk Pricing in the Foreign Exchange Market , CWPE2020 (2020)
Giannitsarou, C., Kissler, S., Toxvaerd, F.M.O. Waning Immunity and the Second Wave: Some Projections for SARS-COV-2, CWPE20126 (2020)
Den Haan, W., Freund, L. B. and Rendahl, P. Volatile Hiring: Uncertainty in Search and Matching Models, CWPE20125 (2020)
Cristea, R. G. Can Alternative Data Improve the Accuracy of Dynamic Factor Model Nowcasts?, CWPE20108 (2020)
Corsetti, G. and Maeng, S. H. Debt Crises, Fast and Slow, CWPE2009 (2020)
Bodenstein, M., Corsetti, G. and Guerrieri, L. The Elusive Gains from Nationally-Oriented Monetary Policy, CWPE2006 (2020)
Couharde, C., Damette, O., Generoso, R., Mohaddes, K. The Growth Effects of El Niño and La Niña: Local Weather Conditions Matter, CWPE1992 (2019)
Anagnostopoulos, A., Atesagaoglu, O., Faraglia, E., Giannitsarou, C. Foreign Direct Investment as a Determinant of Cross-Country Stock Market Comovement, CWPE1978 (2019)
Corsetti, G., Lafarguette, R. and Mehl, A. Fast Trading and the Virtue of Entropy: Evidence from the Foreign Exchange Market, CWPE1970 (2019)
Kahn, M. E., Mohaddes, K., Ng, R. N. C., Pesaran, M. H., Raissi, M. and Yang, J-C. Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis, CWPE1965 (2019)
Goetz, D. and Rodnyansky, A. Exchange Rate Shocks and Quality Adjustments, CWPE1915 (2019)
Corsetti, G., Eichengreen, B., Hale, G. and Tallman, E. The Euro Crisis in the Mirror of the EMS: How Tying Odysseus to the Mast Avoided the Sirens but Led Him to Charybdis, CWPE1914 (2019)
Arrondel, L., Calvo-Pardo, H., Giannitsarou, C., Haliassos, M. Informative Social Interactions, CWPE1911 (2019)
Equiza-Goni, J., Faraglia, E., Oikonomou, R. Union Debt Management, CWPE1890 (2018)
Rodnyansky, A. (Un)Competitive Devaluations and Firm Dynamics, CWPE1888 (2018)
Chudik, A.,Pesaran, H., Mohaddes, K. Identifying Global and National Output and Fiscal Policy Shocks Using a GVAR, CWPE1874 (2018)
Corsetti, G., Erce, A. and Uy, T. Debt Sustainability and the Terms of Official Support, CWPE1864 (2018)
Corsetti, G., Crowley, M. A. and Han, L. Invoicing and the Dynamics of Pricing-to-market - Evidence from UK Export Prices around the Brexit Referendum, CWPE1860 (2018)
Carvalho, V. M. and Tahbaz-Salehi, A. Production Networks: A Primer, CWPE1856 (2018)
Jarrett, U., Mohaddes, K., Mohtadi, H. Oil Price Volatility, Financial Institutions and Economic Growth, CWPE1851 (2018)
Mohaddes, K., Nugent, J., Selim, H. Reforming Fiscal Institutions in Resource-Rich Arab Economies: Policy Proposals, CWPE1848 (2018)
Flamini, A., Jahanshahi, B., Mohaddes, K. Illegal Drugs and Public Corruption: Crack Based Evidence from California, CWPE1847 (2018)
Ari, A., Corsetti, G. and Dedola, L. Debt Seniority and Sovereign Debt Crises, CWPE1831 (2018)
Corsetti, G., Dedola, L. and Leduc, S. Exchange Rate Misalignment, Capital Flows, and Optimal Monetary Policy Trade-offs, CWPE1822 (2018)
Corsetti, G., Duarte, J. B. and Mann, S. One Money, Many Markets - A Factor Model Approach to Monetary Policy in the Euro Area with High-Frequency Identification, CWPE1816 (2018)
Corsetti, G., Han, L., Crowley, M. and Song, H. Markets and Markups: A New Empirical Framework and Evidence on Exporters from China, CWPE1815 (2018)
Brendon, C. and Ellison, M. Time-Consistently Undominated Policies, CWPE1809 (2018)
Faraglia, E., Marcet, A., Oikonomou, R., Scott, A. A Short Note on Optimal Debt Management under Asymmetric Information, CWPE1761 (2017)
Devonald, L., Higson, C., Holly, S. Aggregate and Firm level volatility: the role of acquisitions and disposals., CWPE1748 (2017)
Corsetti, G., Erce, A. and Uy, T. Official Sector Lending Strategies During the Euro Area Crisis, CWPE1730 (2017)
Corsetti, G., Kuester, K. and Müller, G. J. Fixed on Flexible Rethinking Exchange Rate Regimes after the Great Recession, CWPE1729 (2017)
Mohaddes, K., Raissi, M. and Weber, A. Can Italy Grow Out of Its NPL Overhang? A Panel Threshold Analysis, CWPE1723 (2017)
Mohaddes, K. and Raissi, M. Do Sovereign Wealth Funds Dampen the Negative Effects of Commodity Price Volatility?, CWPE1710 (2017)
Faraglia, E., Marcet, A., Oikonomou, R., Scott, A. Long Term Government Bonds, CWPE1683 (2016)
Corsetti, G., Dedola, L., Jarocinski, M., Mackowiak, B. and Schmidt, S. Macroeconomic Stabilization, Monetary-fiscal Interactions, and Europe's monetary Union, CWPE1675 (2016)
Carvalho, V. M., Nirei, M., Saito, Y. U. and Tahbaz-Salehi, A. Supply Chain Disruptions: Evidence from the Great East Japan Earthquake, CWPE1670 (2016)
Corsetti, G., Mavroeidi, E., Thwaites, G. and Wolf, M. Step away from the zero lower bound: Small open economies in a world of secular stagnation, CWPE1645 (2016)
Corsetti, G., Kuester, K. and Müller, G. J. The Case for Flexible Exchange Rates in a Great Recession, CWPE1644 (2016)
Cashin, P., Mohaddes, K. and Raissi, M. China's Slowdown and Global Financial Market Volatility: Is World Growth Losing Out?, CWPE1618 (2016)
Mohaddes, K. and Raissi, M. The U.S. Oil Supply Revolution and the Global Economy, CWPE1605 (2016)
Bergin, P. and Corsetti, G. Beyond Competitive Devaluations: The Monetary Dimensions of Comparative Advantage, CWPE1559 (2015)
Carvalho, V. M. and Grassi, B. Large Firm Dynamics and the Business Cycle, CWPE1556 (2015)
Acconcia, A., Corsetti, G. and Simonelli, S. The Consumption Response to Liquidity-Enhancing Transfers: Evidence from Italian Earthquakes, CWPE1553 (2015)
Carvalho, V. M. and Voigtländer, N. Input Diffusion and the Evolution of Production Networks, CWPE1550 (2015)
Bhattacharjee, A., Higson, C. and Holly, S. Operating Leverage over the Business Cycle, CWPE1535 (2015)
El-Anshasy, A., Mohaddes, K. and Nugent, J. B. Oil, Volatility and Institutions:Cross-Country Evidence from Major Oil Producers, CWPE1523 (2015)
Tambakis, D. Determinate liquidity traps, CWPE1522 (2015)
Chudik, A., Mohaddes, K., Pesaran, M. H. and Raissi, M. Is There a Debt-threshold Effect on Output Growth?, CWPE1520 (2015)
Mohaddes, K. and Pesaran, M. Country-Specific Oil Supply Shocks and the Global Economy: A Counterfactual Analysis, CWPE1516 (2015)
Chudik, A., Mohaddes, K., Pesaran, M. H. and Raissi, M. Long-Run Effects in Large Heterogenous Panel Data Models with Cross-Sectionally Correlated Errors, CWPE1501 (2015)
Carvalho, V. M. From Micro to Macro via Production Networks, CWPE1467 (2014)
Corsetti, G. and Dedola, L. The "Mystery of the Printing Press" Monetary Policy and Self-fulfilling Debt Crises, CWPE1463 (2014)
Cavalcanti, T. V. D., Da Mata, D. and Toscani, F. Winning the Oil Lottery: The Impact of Natural Resource Extraction on Growth, CWPE1455 (2014)
Cashin, P., Mohaddes, K. and Raissi, M. . Fair Weather or Foul? The Macroeconomic Effects of El Niño, CWPE1418 (2014)
Bailey, N., Holly, S. and Pesaran, H. A Two Stage Approach to Spatiotemporal Analysis with Strong and weak cross Sectional Dependence , CWPE1362 (2013)
Chudik, A., Mohaddes, K., Pesaran, M. H. and Raissi, M. Debt, Inflation and Growth: Robust Estimation of Long-Run Effects in Dynamic Panel Data Models, CWPE1350 (2013)
Mohaddes, K. and Pesaran, M. One Hundred Years of Oil Income and the Iranian Economy: A curse or a Blessing, CWPE1302 (2013)
Cashin, P., Mohaddes, K. and Raissi, M. The Global Impact of the Systemic Economies and MENA Business Cycles, CWPE1250 (2012)
Cashin, P., Mohaddes, K., Raissi, M. and Raissi, M. The Differential Effects of Oil Demand and Supply Shocks on the Global Economy, CWPE1249 (2012)
Corrado, L., Holly, S. and Raissi, M. Persistent Habits, optimal Monetary Policy Inertia and Interest Rate Smoothing, CWPE1247 (2012)
Esfahani, H., Mohaddes, K. and Pesaran, M. H. An Empirical Growth Model for Major Oil Exporters, CWPE1215 (2012)
Mohaddes, K. Econometric Modelling of World Oil Supplies: Terminal Price and the Time to Depletion, CWPE1212 (2012)
Cavalcanti, T. V. D., Mohaddes, K. and Raissi, M. Commodity Price Volatility and the Sources of Growth, CWPE1112 (2011)
Bhattacharjee, A. and Holly, S. Structural Interactions in Spatial Panels , CWPE1004 (2010)
Bhattacharjee, A. and Holly, S. Understanding Interactions in Social Networks and Committees, CWPE1003 (2010)
Bhattacharjee, A. and Holly, S. Rational Partisan Theory, Uncertainty and Spatial Voting: Evidence for the Bank of England's MPC, CWPE1002 (2010)
Holly, S. and Petrella, I. Factor Demand Linkages, Technology Shocks and the Business Cycle , CWPE1001 (2010)

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