The "Transmission Mechanisms and Economic Policy" theme at the Cambridge-INET Institute brings together researchers conducting fundamental research in macroeconomics. We use a variety of approaches – encompassing micro and macro econometrics, macro models and historical and institutional analysis – to develop theoretical and empirical work on a wide range of issues, from firm growth and firm churning to household level savings and inequality, from unemployment dynamics to supply chains, from the analysis of monetary policy to international finance and global imbalances. Our research aims to generate inputs for stabilisation and structural policy.
Coordinators:
Prof. Giancarlo Corsetti
Professor of MacroeconomicsResearch Interests
International Economics and Open Economy Macroeconomics
Prof. Meredith Crowley
University ReaderResearch Interests
International trade and trade policy
Postdoctoral
Researchers:
Dr Alexey Gorn
Cambridge-INET Postdoctoral Research FellowResearch Interests
Macroeconomics, Macro-labor, and International Trade.
Published Papers
Production Networks: A Primer
Carvalho, V. M. and Tahbaz-Salehi, A., (2019), Annual Review of Economics
What Drives Enrollment Gaps in Further Education? The Role of Beliefs in Sequential Schooling Decisions
Belfield, C., Boneva, T., Rauh, C. and Shaw, J., (2019), Economica
Large Firm Dynamics and the Business Cycle
Carvalho, V. M. and Grassi, B., (2019), American Economic Review
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
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
Slamming the door on trade policy discretion? The WTO appellate body's ruling on market distortions and production costs in EU-Biodiesel (Argentina)
Crowley, M. A. and Hillman, J.A., (2018), World Trade Review
See all the Published Papers for the Transmission Theme
Working Papers
Inequality in the Impact of the Coronavirus Shock: New Survey Evidence for the UK
Adams-Prassl, A., Boneva, T., Golin, M. and Rauh, C., (WP2010)
Inequality in the Impact of the Coronavirus Shock: New Survey Evidence for the US
Adams-Prassl, A., Boneva, T., Golin, M. and Rauh, C., (WP2009)
A Century of Arbitrage and Disaster Risk Pricing in the Foreign Exchange Market
Corsetti, G. and Marin, E. A., (WP2007)
The Looming Threat of Tariff Hikes: Entry into Exporting Under Trade Agreement Renegotiation
Crowley, M. A., Exton, O. and Han, L., (WP2005)
Debt Crises, Fast and Slow
Corsetti, G. and Maeng, S. H., (WP2004)
The Elusive Gains from Nationally-Oriented Monetary Policy
Bodenstein, M., Corsetti, G. and Guerrieri, L., (WP2003)
See all the Working Papers for the Transmission Theme
Visitors
Dr Danial Lashkari
Assistant Professor of Economics and International Studies Boston College
Research
Intersection of Economic Growth, Innovation, and International Trade
Visiting between:
(03 May 2020 - 09 May 2020)
Host: Vasco Carvalho
Dr Joao Duarte
Assistant Professor of Economics, Nova SBE
Research
Macroeconomics, Housing, Monetary Policy and Economic Growth
Visiting between:
(04 Mar 2020 - 08 Mar 2020)
Host: Giancarlo Corsetti
Dr Luca Dedola
European Central Bank
Research
International macroeconomics and finance, Monetary Economics
Visiting between:
(30 Jan 2020 - 03 Feb 2020)
Host: Giancarlo Corsetti
Dr Jordi Gali
Senior Researcher, CREI
Research
Macroeconomic Theory and Monetary Economics
Visiting between:
(04 Nov 2019 - 07 Nov 2019)
Host: Vasco Carvalho
See all the Visitors for the Transmission Theme
Past Events
Rebuilding Macroeconomics Cambridge-INET Sustainable Growth Hub Workshop
Rebuilding Macroeconomics and Cambridge-INET are hosting the Sustainable Growth Hub Workshop at King's College, University of Cambridge on 16th March 2020. The aim of this workshop is to discuss the preliminary results of projects funded by the Hub. Presentations will be given on some interim findings to open up a general discussion and encourage a cross-fertilization of ideas from members of the Network.
Event Date - Monday 16th March 2020
Sandra Batten "Central Banks and Climate Change" - Public Talk
As part of the Rebuilding Macroeconomics Cambridge-INET Sustainable Growth Hub Workshop, Rebuilding Macroeconomics and Cambridge-INET are hosting a public talk by Sandra Batten (Bank of England) on Monday 16th March 2020, 03:15pm - 04:30pm in King's College, Cambridge.
Event Date - Monday 16th March 2020
The Centenary Conference on Keynes’s Economic Consequences of the Peace
Cambridge-INET is proud to announce a major conference on Keynes’s 1919 book. The book is celebrated as a brilliant piece of advocacy by one of the 20th century’s pre-eminent economists. This distinguished event will take place at King’s College, Cambridge, on September 9th-10th 2019. See the event website for more details.
Event Date - Monday 9th September 2019 - Tuesday 10th September 2019
New Economics of Exchange Rate Adjustment
Cambridge-INET are holding an event "New Economics of Exchange Rate Adjustment" on 21st and 22nd March 2018, from 9.00am - 5.00pm, in The Elton-Bowring Room, Clare College, Cambridge. Please register you interest.
Event Date - Thursday 21st March 2019 - Friday 22nd March 2019
See all the Past Events for the Transmission Theme
News
Brexit Breakdown - Podcast
Dr. Meredith Crowley and Raoul Ruparel (former special advisor to Theresa May) took part in a Brexit Breakdown podcast, for The UK in a Changing Europe. This episode looks at the UK-EU trade talks, the possibility of a deal by the end of December and the likelihood of a UK-US trade deal.
Published on - Friday 6th March 2020
Brexit Day - UK and EU Trade Deal
Dr. Meredith Crowley was interviewed by BBC World Service's World Update programme about the prospect for the UK and EU negotiating a trade deal modelled on the EU's deal with Canada. You can listen to the programme on the BBC website (story starts at 6mins).
Published on - Friday 31st January 2020
Debt and Macroeconomic Stabilization
Professor Giancarlo Corsetti will deliver the 2019 Federico Caffè Lecture at Sapienza University of Rome on 18th and 19th December 2019. Prof Corsetti's lecture topic will be "Debt and Macroeconomic Stabilization".
Published on - Monday 16th December 2019
Brexit - The New Trade Era
Dr. Meredith Crowley was quoted in the New York Times article "Brexit’s Advance Opens a New Trade Era" about the implications of the General Election result and the now inevitable Brexit for the system of global trade.
Published on - Monday 16th December 2019