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The Cambridge-INET Institute

 

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:

Giancarlo Corsetti

Prof. Giancarlo Corsetti
Professor of Macroeconomics

Research Interests
International Economics and Open Economy Macroeconomics

Meredith Crowley

Prof. Meredith Crowley
University Reader
Senior Fellow, UK in a Changing Europe
Research Fellow, CEPR (London)

Research Interests
International trade and trade policy


Postdoctoral
Researchers:

Miguel Ferreira

Dr Miguel Ferreira
Cambridge-INET Postdoctoral Research Fellow

Research Interests
Macroeconomics, Fiscal Policy, Heterogeneous Agents, Firm Dynamics, Financial Crises

 

Juan Carlos Ruiz Garcia

Juan Carlos Ruiz Garcia
Cambridge-INET Postdoctoral Research Fellow

Research Interests
Macroeconomics, Firm Dynamics

 


Published Papers


Inequality in the Impact of the Coronavirus Shock: Evidence from Real Time Surveys
Adams-Prassl, A., Boneva, T., Golin, M. and Rauh, C., (2020), Journal of Public Economics

Parental Beliefs About Returns to Child Health Investments
Biroli, P., Boneva, T., Raja, A. and Rauh, C., (2020), Journal of Econometrics


Official Sector Lending Strategies During the Euro Area Crisis
Corsetti, G., Erce, A. and Uy, T., (2020), The Review of International Organizations

The Looming Threat of Tariff Hikes: Entry into Exporting under Trade Agreement Renegotiation
Crowley, M. A., Exton, O. and Han, L., (2020), AEA Papers and Proceedings


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

The Euro Crisis in the Mirror of the EMS: How Tying Odysseus to the Mast Avoided the Sirens but Led Him to Charybdis
Corsetti, G., Eichengreen, B., Hale, G. and Tallman, E., (2020), Open Economies Review


 
 

See all the Published Papers for the Transmission Theme

Working Papers


Furloughing
Adams-Prassl, A., Boneva, T., Golin, M. and Rauh, C., (WP2036)

Gravity in International Finance: Evidence From Fees on Equity Transactions
Milsom, L., Pazitka, V., Roland, I. and Wójcik, D., (WP2028)


Bank Default Risk Propagation along Supply Chains: Evidence from the U.K.
Spatareanu, M., Manole, V., Kabiri, A. and Roland, I., (WP2027)

The Bond Lending Channel of Monetary Policy
Darmouni, O., Giesecke, O. and Rodnyansky, R., (WP2025)



 
 

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:
(10 May 2021 - 14 May 2021)

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


 
 

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Past Events


Rebuilding Macroeconomics Cambridge-INET Sustainable Growth Hub Workshop

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

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

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

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


Post-Pandemic Debt Sustainability in the EU/Euro Area

Post-Pandemic Debt Sustainability in the EU/Euro Area

Professor Giancarlo Corsetti and Lorenzo Codogno (Visiting Professor in Practice, LSE) have published an article for VOXeu titled "Post-Pandemic Debt Sustainability in the EU/Euro Area: This Time May (and should) Be Different". This column suggests that the implementation of The EU Recovery Plan could give a substantial boost to the economy and fiscal revenues under very conservative assumptions on multipliers.

Published on - Friday 18th September 2020


Working From Home: The Polarising Workplace

Working From Home: The Polarising Workplace

Dr Christopher Rauh, with Abi Adams-Prassl (University of Oxford), Teodora Boneva (University of Zurich) and Marta Golin (University of Oxford) have published an article for VOXeu titled "Working From Home: The Polarising Workplace". This column uses survey data from the US and the UK to demonstrate systematic variation in individuals’ ability to work from home both across and within occupations and industries.

Published on - Wednesday 9th September 2020


Economics of Brexit Conference For Early Career Researchers - Call for Papers

Economics of Brexit Conference For Early Career Researchers - Call for Papers

The UK in a Changing Europe, supported by Cambridge-INET, is organising a one-day virtual conference on the Economics of Brexit for Early Career Researchers (untenured assistant professors, postdocs, and PhD students) to take place on the 22nd September 2020, via Zoom. The deadline for submissions is 4th September 2020.

Published on - Thursday 13th August 2020


The Heterogeneous Transmission of ECB Policies in a Post-COVID Europe

The Heterogeneous Transmission of ECB Policies in a Post-COVID Europe

Professor Giancarlo Corsetti, Joao B. Duarte (Nova School of Business and Economics) and Samuel Mann (IMF) have published an article for VOXeu titled "The Heterogeneous Transmission of ECB Policies: Lessons for a Post-COVID Europe". This column suggests that the disruption to market integration brought about by the COVID-19 crisis may create further challenges to conducting monetary policy in the euro area.

Published on - Friday 7th August 2020


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