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The Cambridge-INET Institute

 

Published Papers


Dependent Microstructure Noise and Integrated Volatility: Estimation from High-Frequency Data
Li, Z. M., Laeven, R. J. A. and Vellekoop, M. H., (2019), Journal of Econometrics, accepted

Narrow Identities
Dasgupta, P. and Goyal, S., (2019), Journal of Institutional and Theoretical Economics


Production Networks: A Primer
Carvalho, V. M. and Tahbaz-Salehi, A., (2019), Annual Review of Economics


Large Firm Dynamics and the Business Cycle
Carvalho, V. M. and Grassi, B., (2019), American Economic Review

Competitive contagion in networks
Goyal, S., Heidari, H. and Kearns, M., (2019), Games and Economic Behavior


Policy shocks and stock market returns: evidence from Chinese solar panels
Crowley, M. A., Meng, N. and Song, H., (2019), Journal of the Japanese and International Economies

Breaking the Brexit impasse: Achieving a fair, legitimate and democratic outcome
Aidt, T.S., Chadha, J.S. and Sabourian, H., (2019), National Institute Economic Review


Spatial and welfare effects of automated driving: will cities grow, decline or both?
Gelauff, G., Ossokina, I., and Teulings, C., (2019), Transportation Research Part A: Policy and Practice

Learning dynamics with social comparisons and limited memory
Block, J. I., Fudenberg, D. and Levine, D. K., (2019), Theoretical Economics


Step away from the zero lower bound: small open economies in a world of secular stagnation
Corsetti, G., Mavroeidi, E., Thwaites, G. and Wolf, M., (2019), Journal of International Economics

Oil price volatility, financial institutions and economic growth
Jarrett, U., Mohaddes, K. and Mohtadi, H., (2019), Energy Policy


The Behaviour of Betting and Currency Markets on the Night of the EU Referendum
Auld, T. and Linton, O., (2019), International Journal of Forecasting

Short selling in extreme events
Geraci, M. V., Garbaravicius, T. and Veredas, D., (2018), Journal of Financial Stability


Macroeconomic stablization, monetary-fiscal interactions, and Europe's monetary union
Corsetti, G., Dedola, L., Jarocinski, M., Mackowiak, B., and Schmidt, S., (2018), European Journal of Political Economy

Implications of high-frequency trading for security markets
Linton, O. and Mahmoodzadeh, S., (2018), Annual Review of Economics


The US oil supply revolution and the global economy
Mohaddes, K. and Raissi, M., (2018), Empirical Economics

Tariff scares: Trade policy uncertainty and foreign market entry by Chinese firms
Crowley, M. A., Meng, N., and Song, H., (2018), Journal of International Economics


Testing in High-dimensional Spiked Models
Johnstone, I. M. and Onatski, A., (2018), Annals of Statistics, forthcoming

Semiparametric ultra-high dimensional model averaging of nonlinear dynamic time series
Chen, J., Li, D., Linton, O., and Lu, Z., (2018), Journal of the American Statistical Association



Diagnostic pathways and direct medical costs incurred by new adult pulmonary tuberculosis patients prior to anti-tuberculosis treatment - Tamil Nadu, India
Veesa, K.S., John, K.R., Moonan, P.K., Kaliappan, S.P., Manjunath, K., Sagili, K.D., Ravichandra, C., Menon, P.A., Dolla, C., Luke, N., Munshi, K., George, K., and Minz, S., (2018), PLoS ONE

Rising Public Debt to GDP Can Harm Economic Growth
Chudik, A., Mohaddes, K., Pesaran, M. H. and Raissi, M., (2018), Economic Letter, Federal Reserve Bank of Dallas


The dynamics and determinants of Kuwait's long-run economic growth
Burney, N. A., Mohaddes, K., Alawadhi, A., and Al-Musallam, M., (2018), Economic Modelling

Alternative Asymptotics for Cointegration Tests in Large VARs
Onatski, A. and Wang, C. , (2018), Econometrica


Religion and Depression in Adolescence
Fruehwirth, J., Iyer, S. and Zhang, A., (2019), Journal of Political Economy

A network approach to public goods
Elliott, M. and Golub, B., (2018), accepted, Journal of Political Economy


Decentralized Bargaining in Matching Markets: Efficient Stationary Equilibria and the Core
Elliott, M. and Nava, F., (2018), Theoretical Econoimcs, forthcoming

Religious Riots and Electoral Politics in India
Iyer, S. and Shrivastava, A., (2018), Journal of Development Economics



Information Acquisition and Exchange in Social Networks
Goyal, S., Rosenkranz, S., Weitzel, U. and Buskens, V., (2017), The Economic Journal

Are prices enough? The economics of material demand reduction
Aidt, T.S., Lili, J. and Low, H., (2017), Philosophical Transactions of the Royal Society A : Mathematical, Physical and Engineering Sciences


Socially Embedded Preferences, Environmental Externalities, and Reproductive Rights
Dasgupta, A. and Dasgupta, P., (2017), Population and Development Review

Fixed on Flexible Rethinking Exchange Rate Regimes after the Great Recession
Corsetti, G., Kuester, K. and Müller, G. J., (2017), IMF Economic Review


Trading in Networks: Theory and Experiments
Choi, S., Galeotti, A and Goyal, S., (2017), Journal of the European Economic Association

Semiparametric identification of the bid-ask spread in extended Roll models
Chen, X.,Linton, O. and Yi, Y., (2017), Journal of Econometrics


Individual security, contagion, and network design
Cerdeiro, D.A., Dziubinski, M. and Goyal, S., (2017), Journal of Economic Theory

An investigation into multivariate variance ratio statistics and their application to stock market predictability
Hong, S.Y., Linton, O. and Zhang, H.J., (2017), Journal of Financial Econometrics


China's slowdown and global financial market volatility: Is world growth losing out?
Cashin, P., Mohaddes, K. and Raissi, M., (2017), Emerging Markets Review

Oil Prices and the Global Economy: Is It Different This Time Around?
Mohaddes, K. and Pesaran, M. H., (2017), Energy Economics


The Use of Structural Models in Econometrics
Low, H. and Meghir, C., (2017), Journal of Economic Perspectives

Fair weather or foul? The macroeconomic effects of El Niño
Cashin, P., Mohaddes, K. and Raissi, M., (2017), Journal of International Economics


Is there a debt-threshold effect on output growth?
Chudik, A., Mohaddes, K., Pesaran, M.H. and Raissi, M., (2017), Review of Economics and Statistics

Community Leaders & the Preservation of Cultural Traits
Prummer, A. and Siedlarek, J-P., (2017), Journal of Economic Theory



Networks, markets and inequality
Gagnon, J. and Goyal, S., (2017), American Economic Review

The "mystery of the printing press" monetary policy and self-fulfilling debt crises
Corsetti, G. and Dedola, L., (2016), Journal of the European Economic Association


Do consumers gamble to convexify?
Crossley, T.F., Low, H. and Smith, S., (2016), Journal of Economic Behavior and Organization

Semiparametric dynamic portfolio choice with multiple conditioning variables
Chen, J., Degui, L., Linton, O. and Lu, Z., (2016), Journal of Econometrics


A folk theorem with codes of conduct and communication
Block, J. I. and Levine, D. K., (2017), Economic Theory Bulletin

Country-Specific Oil Supply Shocks and the Global Economy: A Counterfactual Analysis
Mohaddes, K. and Pesaran, M. H., (2016), Energy Economics


Long-Run Effects in Large Heterogenous Panel Data Models with Cross-Sectionally Correlated Errors
Chudik, A., Mohaddes, K., Pesaran, M. H. and Raissi, M., (2016), Advances in Econometrics


Network Cognition
Dessi, R., Gallo, E. and Goyal, S., (2016), Journal of Economic Behavior and Organization

Classification of non-parametric regression functions in longitudinal data models
Vogt, M. and Linton, O., (2017), Journal of the Royal Statistical Society. Series B: Statistical Methodology


Networks and misallocation: insurance, migration, and the rural-urban wage gap
Munshi, K. and Rosenzweig, M., (2016), American Economic Review

Disability insurance and the dynamics of the incentive-insurance tradeoff
Low, H. and Pistaferri, L., (2015), American Economic Review


Codes of Conduct, Private Information and Repeated Games
Block, J. I. and Levine, D. K., (2016), International Journal of Game Theory

Interaction, Protection and Epidemics
Goyal, S, and Vigier, A., (2015), Journal of Public Economics


The effect of fragmentation in trading on market quality in the UK equity market
Boneva, L., Linton, O. and Vogt, M., (2015), Journal of Applied Econometrics

Attack, defence and contagion in networks
Goyal, S. and Vigier, A., (2014), Review of Economic Studies


Competitive contagion in networks
Goyal, S., Heidari, H. and Kearns, M., (2014), Games and Economic Behavior

From micro to macro via production networks
Carvalho, V. M., (2014), Journal of Economic Perspectives


Community networks and the process of development
Munshi, K., (2014), Journal of Economic Perspectives

Commodity price volatility and the sources of growth
Cavalcanti T.V.D., Mohaddes, K. and Raissi, M., (2015), Journal of Applied Econometrics


How sharing information can garble expert's advice
Elliott, M., Golub, B. and Kirilenko, A., (2014), American Economic Review Papers and Proceedings

Returns to tenure or seniority?
Buhai, I.S., Portela, M.A., Teulings, C.N., van Vuuren, A., (2014), Econometrica


Signal Detection in High Dimension: The Multispiked Case
Onatski, A., Moreira, M. J. and Hallin, M., (2014), The Annals of Statistics

The Economics of Consanguineous Marriages
Do, Q., Iyer, S. and Joshi, S., (2013), Review of Economics and Statistics


Instantaneous gratification
Harris, C. and Laibson, D., (2013), Quarterly Journal of Economics

Fiscal stimulus with spending reversals
Corsetti, G., Meier A. and Mueller G., (2013), Review of Economics and Statistics


Factor analysis of a large dsge model
Onatski, A. and Ruge-Murcia, F., (2013), Journal of Applied Econometrics

Set Coverage and Robust Policy
Henry, M. and Onatski, A. , (2012), Economics Letters


A polarization-cohesion perspective on cross country convergence
Anderson, G., Linton, O. and Leo, T. W. , (2012), Journal of Economic Growth

Modelling the demand for housing over the life cycle
Attanasio, O. P., Bottazzi, R., Low, H. W., Nesheim, L. and Wakefield, M. , (2012), Review of Economic Dynamics


Understanding bubbly episodes.
Carvalho, V. M., Martin, A. and Ventura, J., (2012), American Economic Review

Traded and nontraded goods prices, and international risk sharing: an empirical investigation
Corsetti, G., Dedola, L. and Viani, F., (2012), NBER International Seminar on Macroeconomics


The international risk sharing puzzle is at business cycle and lower frequency
Corsetti, G., Dedola, L. and Viani, F. , (2012), Canadian Journal of Economics


Missing women and India's religious demography
Iyer, S. and Joshi, S., (2013), Journal of South Asian Development


Is economic recovery a myth? robust estimation of impulse responses
Teulings, C.N. and Zubanov, N., (2013), Journal of Applied Econometrics

Do high-frequency data improve high-dimensional porfolio allocations?
Hautsch, N., Kyj, L.M. and Malec, P., (2015), Journal of Applied Econometrics


Estimating the quadratic covariation matrix from noisy observations: local method of moments and efficiency
Bibinger, M., Hautsch, N., Malec, P. and Reiss, M., (2014), The Annals of Statistics


Testing conditional independence restrictions
Linton, O. and Gozalo, P., (2013), Econometric Reviews


Estimation of semiparametric locally stationary diffusion models
Koo, B. and Linton, O., (2012), Journal of Econometrics

Efficient semiparametric estimation of the Fama–French model and extensions
Connor, G., Hagmann, M. and Linton, O., (2012), Econometrica


Kernel estimation of polarization measures
Anderson, G., Linton, O. and Whang, Y., (2012), Journal of Econometrics


Oil prices, external income, and growth: lessons from Jordan
Mohaddes, K. and Raissi, M. , (2013), Review of Middle East Economics and Finance

Unit roots in white noise
Onatski, A. and Uhlig, H. , (2012), Econometric Theory


Semiparametric estimation of Markov decision processes with continuous state space
Srisuma, S. and Linton, O. , (2012), Journal of Econometrics

Mafia and public spending: evidence on the fiscal multiplier from a quasi-experiment
Acconcia, A., Corsetti, G. and Simonelli, S. , (2014), American Economic Review


Inflation differentials in the GCC: Does the oil cycle matter?
Mohaddes, K. and Williams, O. H., (2013), Middle East Development Journal

Oil Exports and the Iranian Economy
Esfahani, H. S., Mohaddes, K. and Pesaran, M. H., (2013), The Quarterly Review of Economics and Finance


Network design and defence
Dziubinski, M. and Goyal, S., (2013), Games and Economic Behavior

Varieties and the transfer problem
Corsetti G., Martin, P. and Pesenti, P., (2013), Journal of International Economics


Import protection, business cycles, and exchange rates: evidence from the great recession
Crowley, M. A. and Bown, C. P., (2013), Journal of International Economics

Self-enforcing trade agreements: evidence from time-varying trade policy
Crowley, M. A. and Bown, C. P., (2013), American Economic Review


The network origins of aggregate fluctuations.
Acemoglu, D., Carvalho, V. M., Ozdaglar, A. and Tahbaz-Salehi, A., (2012), Econometrica

Dominance and innovation: a returns-based beliefs approach
Velu, C., Iyer, S. and Gair, J.R., (2012), Applied Stochastic Models in Business and Industry


Missing women in the United Kingdom
Adamou, A., Drakos, C. and Iyer, S., (2013), IZA Journal of Migration

Decomposing changes in income risk using consumption data
Blundell, R., Low, H. W. and Preston, I., (2013), Quantitative Economics


An empirical growth model for major oil exporters
Esfahani, H. S., Mohaddes, K. and Pesaran, M. H., (2013), Journal of Applied Econometrics

Sovereign Risk, Fiscal Policy, and Macroeconomic Stability
Corsetti, G., Kuester, K., Meier, A., and Müller, G. J., (2013), The Economic Journal


Asymptotic power of sphericity tests for high-dimensional data
Onatski, A., Moreira, M. J. and Hallin, M., (2013), Annals of Statistics


The great diversification and its undoing
Carvalho, V. M. and Gabaix, X., (2013), American Economic Review

Communication and Marketing of Services by Religious Organizations in India
Iyer, S., Velu, C. and Mumit, A., (2014), Journal of Business Research


Collective versus decentralized wage bargaining and the efficient allocation of resources
Cai, X., Gautier, P.A., Teulings, C.N. and Watanabe, M., (2013), Labour Economics

Sovereign risk and belief-driven fluctuations in the euro area
Corsetti, G., Kuester, K., Meier, A. and Müller, G. J., (2014), Journal of Monetary Economics


The international dimension of productivity and demand shocks in the US economy
Corsetti, G., Dedola, L., and Leduc, S., (2014), Journal of the European Economic Association

Job loss, credit constraints and consumption growth
Crossley, T. and Low, H., (2013), Review of Economics and Statistics


The differential effects of oil demand and supply shocks on the global economy
Cashin, P., Mohaddes, K., Raissi, M., (2014), Energy Economics

Social networks and research output
Ductor, L., Fafchamps, M., Goyal, S. Van Der Leij, M., (2014), Review of Economics and Statistics



Emerging economies, trade policy, and macroeconomic shocks
Bown, C. P. and Crowley, M. A., (2014), Journal of Development Economics



Sorting out the output loss due to search frictions
Gautier, P.A. and Teulings, C.N., (2015), Journal of the European Economic Association

Averaging of an increasing number of moment condition estimators
Chen, X., Jacho-Chavez, D.T. and Linton, O., (2014), Econometric Theory


The new economics of religion
Iyer, S., (2016), Journal of Economic Literature

Financial implications of relationship breakdown: does marriage matter?
Fisher, H. and Low, H., (2015), Review of Economics of the Household


A semiparametric model for heterogeneous panel data with fixed effects
Boneva, L., Linton, O. and Vogt, M., (2015), Journal of Econometrics


Complexity and repeated implementation
Lee, J. and Sabourian, H., (2015), Journal of Economic Theory

A flexible semiparametric forecasting model for time series
Li, D., Linton, O. and Lu, Z., (2015), Journal of Econometrics


Tenure profiles and efficient separation in a stochastic productivity model
Buhai, S. and Teulings, C.N., (2014), Journal of Business and Economic Statistics


How do you defend a network?
Dziubinski, M. and Goyal, S., (2017), Theoretical Economics


Inefficiencies in networked markets
Elliott, M., (2015), American Economic Journal: Microeconomics

Financial networks and contagion
Elliott, M., Golub, B. and Jackson, M.O., (2014), American Economic Review


Bounded memory Folk Theorem
Barlo, M., Carmona, G. and Sabourian, H., (2016), Journal of Economic Theory

The cross-quantilogram: Measuring quantile dependence and testing directional predictability between time series
Han, H., Linton, O., Oka, T. and Whang,Y.-J., (2016), Journal of Econometrics


Favoritism
Bramoulle, Y. and Goyal, S., (2016), Journal of Development Economics


A nonparametric test of a strong leverage hypothesis
Linton, O., Whang, Y.-J. and Yen, Y.-M., (2016), Journal of Econometrics

El Niño: good boy or bad?
Cashin, P., Mohaddes, K. and Raissi, M., (2016), Finance and Development


Recovery from divorce: comparing high and low income couples
Fisher, H. and Low, H., (2016), International Journal of Law, Policy and the Family

Female labour market outcomes and the impact of maternity leave policies
Low, H. and Sanchez-Marcos, V., (2015), IZA Journal of Labor Economics