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Cambridge Working Papers in Economics

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)
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)
Ahmed, M. F., Gao, Y. and Satchell, S. Modelling Demand for ESG, CWPE2093 (2020)
Tambakis, D. A Markov-Chain Measure of Systemic Banking Crisis Frequency, CWPE2083 (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)
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)
Cristea, R. G. Can Alternative Data Improve the Accuracy of Dynamic Factor Model Nowcasts?, CWPE20108 (2020)
Bodenstein, M., Corsetti, G. and Guerrieri, L. The Elusive Gains from Nationally-Oriented Monetary Policy, CWPE2006 (2020)
Lloyd, S. P. and Marin, E. A. Exchange Rate Risk and Business Cycles, CWPE1996 (2019)
Couharde, C., Damette, O., Generoso, R., Mohaddes, K. The Growth Effects of El Niño and La Niña: Local Weather Conditions Matter, CWPE1992 (2019)
Ahmed, M. F. and Satchell, S. Emerging Markets and the Conditional CAPM, CWPE1980 (2019)
Corsetti, G., Lafarguette, R. and Mehl, A. Fast Trading and the Virtue of Entropy: Evidence from the Foreign Exchange Market, CWPE1970 (2019)
Ahmed, M. F. and Satchell, S. Some Dynamic and Steady-State Properties of Threshold Autoregressions with Applications to Stationarity and Local Explosivity, CWPE1923 (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)
Impullitti, G., Licandro, O., and Rendahl, P. Technology, Market Structure and the Gains from Trade, CWPE1892 (2018)
Equiza-Goni, J., Faraglia, E., Oikonomou, R. Union Debt Management, CWPE1890 (2018)
Rodnyansky, A. (Un)Competitive Devaluations and Firm Dynamics, CWPE1888 (2018)
Corsetti, G., Erce, A. and Uy, T. Debt Sustainability and the Terms of Official Support, CWPE1864 (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)
Corsetti, G., Dedola, L. and Leduc, S. Exchange Rate Misalignment, Capital Flows, and Optimal Monetary Policy Trade-offs, CWPE1822 (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)
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)
Rendahl, P. Fiscal Policy in an Unemployment Crisis, CWPE1456 (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)
Rendahl, P. Equilibrium Contracts and Firm-sponsored Training, CWPE1336 (2013)
Rendahl, P. Inequality Constraints and Euler Equation based Solution Methods, CWPE1320 (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)
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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Recent Publications

Bodenstein, M., Corsetti G. and Guerrieri, L. Social Distancing and Supply Disruptions in a Pandemic Covid Economics: Vetted and Real-Time Papers [2020]

Cavalcanti, T., Kocharkov, G. and Santos, C. Family Planning and Development: Aggregate Effects of Contraceptive Use The Economic Journal [2020]

Cavalcanti, T. and Santos, M. (Mis)Allocation Effects of an Overpaid Public Sector Journal of the European Economic Association [2020]

Selected CWPE


Fast Trading and the Virtue of Entropy: Evidence from the Foreign Exchange Market, Corsetti, G., Lafarguette, R. and Mehl, A.


Time-Consistently Undominated Policies, Brendon, C. and Ellison, M.


(Un)Competitive Devaluations and Firm Dynamics, Rodnyansky, A.