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 Reader
Senior Fellow, UK in a Changing Europe
Research Fellow, CEPR (London)Research Interests
International trade and trade policy
Postdoctoral
Researchers:
Dr Miguel Ferreira
Cambridge-INET Postdoctoral Research FellowResearch Interests
Macroeconomics, Fiscal Policy, Heterogeneous Agents, Firm Dynamics, Financial Crises
Dr Juan Carlos Ruiz Garcia
Cambridge-INET Postdoctoral Research FellowResearch Interests
Macroeconomics, Firm Dynamics and Development Economics
Published Papers
Workers, Capitalists, and the Government: Fiscal Policy and Income (Re)Distribution
Cantore, C. and Freund, L. B., (2021), Journal of Monetary Economics, forthcoming
Supply Chain Disruptions: Evidence from the Great East Japan Earthquake
Carvalho, V. M., Nirei, M., Saito, Y. U. and Tahbaz-Salehi, A., (2021), Quarterly Journal of Economics, forthcoming
Does electricity drive structural transformation? Evidence from the United States
Gaggl, P., Gray, R., Marinescu, I. and Morin, M., (2021), Labour Economics
Beyond Competitive Devaluations: The Monetary Dimensions of Comparative Advantage
Bergin, P. R. and Corsetti, G., (2020), American Economic Journal: Macroeconomics
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
See all the Published Papers for the Transmission Theme
Working Papers
Covid-19 Fiscal Support and its Effectiveness
Chudik, A., Mohaddes, K. and Raissi, M., (WP2109)
Parenting Types
Rauh, C. and Renée, L., (WP2106)
The Exchange Rate Insulation Puzzle
Corsetti, G., Kuester, K., Müller, G. J. and Schmidt, S., (WP2105)
The Hard Problem of Prediction for Conflict Prevention
Mueller, H. and Rauh, C., (WP2102)
Dominant Currency Dynamics: Evidence on Dollar-invoicing from UK Exporters
Crowley, M. A., Han, L. and Son, M., (WP2051)
The Imperium of the Colonial Tongue? Evidence on Language Policy Preferences in Zambia
Ramachandran, R. and Rauh, C., (WP2049)
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
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
It’s All in the Mix: How Monetary and Fiscal Policies Can Work or Fail Together
Professor Giancarlo Corsetti is one of the speakers at the Presentation of the 23rd Geneva Report on the World Economy webinar, which is being held on 3rd March 2021, 1:00 - 2:30 PM (UK time).
Published on - Wednesday 10th February 2021
Gendered Economic Impact of Coronavirus
A new report on the gendered economic impact of the current coronvirus pandemic features Dr Christopher Rauh. It says the government risks turning the clock back on gender equality.
Published on - Tuesday 9th February 2021
When Flexible Exchange Rates Don’t Insulate Economies from External Shocks
Professor Giancarlo Corsetti, Keith Kuester (University of Bonn), Gernot Müller (University of Tübingen) and and Sebastian Schmidt (European Central Bank) have published an article for VOXeu titled "When flexible exchange rates don’t insulate economies from external shocks".
Published on - Wednesday 3rd February 2021
Eurozone Shocks Impact Outside the Eurozone
New research by Professor Giancarlo Corsetti suggests that monetary and economic shocks in the Eurozone have a significant impact in neighbouring countries outside the zone. But this impact is no different in countries which peg their currency to the euro, than in countries with a flexible exchange rate, such as the UK.
Published on - Monday 1st February 2021