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:
Miguel Ferreira
Cambridge-INET Postdoctoral Research FellowResearch Interests
Macroeconomics, Fiscal Policy, Heterogeneous Agents, Firm Dynamics, Financial Crises
Dr Alexey Gorn
Cambridge-INET Postdoctoral Research FellowResearch Interests
Macroeconomics, Macro-labor, and International Trade.
Juan Carlos Ruiz Garcia
Cambridge-INET Postdoctoral Research FellowResearch Interests
Macroeconomics, Firm Dynamics
Published Papers
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
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
See all the Published Papers for the Transmission Theme
Working Papers
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)
Work Tasks That Can Be Done From Home: Evidence on the Variation Within and Across Occupations and Industries
Adams-Prassl, A., Boneva, T., Golin, M. and Rauh, C., (WP2023)
The Unequal Effects of Covid-19 on Economists' Research Productivity
Amano-Patiño, N., Faraglia, E., Giannitsarou, C. and Hasna, Z., (WP2022)
The Impact of the Coronavirus Lockdown on Mental Health: Evidence from the US
Adams-Prassl, A., Boneva, T., Golin, M. and Rauh, C., (WP2021)
Inequality in the Impact of the Coronavirus Shock: Evidence from Real Time Surveys
Adams-Prassl, A., Boneva, T., Golin, M. and Rauh, C., (WP2018)
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:
(05 Oct 2020 - 09 Oct 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
Emerging Market Currency Risk Around ‘Global Disasters’
Professor Giancarlo Corsetti has had a chapter published in CEPR's ebook "COVID-19 in Developing Economies". The chapter "Emerging Market Currency Risk Around ‘global disasters’: Evidence from the Global Financial Crisis and the COVID-19 Crisis" (joint with Simon Lloyd (Bank of England) and Emile Marin (PhD Candidate))
Published on - Wednesday 24th June 2020
UK-US Trade Deal Negotiations
Dr. Meredith Crowley gave testimony to the House of Commons International Trade Committee, via Zoom, on the 17th June 2020. You can watch a video of the meeting on the parliamentlive.tv website.
Published on - Monday 22nd June 2020
The Brexit Negotiations: A Stocktake
Dr. Meredith Crowley is one of the authors of a new report called "The Brexit Negotiations: A Stocktake", published by academic think tank UK in a Changing Europe. This report finds that it is hard to see how the sort of comprehensive deal the UK and EU say they want can be agreed without an extension.
Published on - Thursday 18th June 2020
CERF Best Student Paper Award
The Faculty and Cambridge-INET Institute would like to congratulate PhD candidate and Cambridge Trust Cambridge-INET Scholarship student, Seung Hyun Maeng, who was one of just three students to win the CERF best student paper award for his paper "Debt Crises, Fast and Slow" (joint with Giancarlo Corsetti).
Published on - Friday 12th June 2020