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
Pierre Werner Chair at the European University InstituteResearch Interests
International Economics and Open Economy Macroeconomics
Prof. Meredith Crowley
Professor of International Economics
Senior Fellow, UK in a Changing Europe
Research Fellow, CEPR (London)Research Interests
International trade and trade policy
Postdoctoral
Researchers:
Dr Miguel Ferreira
Janeway Institute Postdoctoral Research FellowResearch Interests
Macroeconomics, Fiscal Policy, Heterogeneous Agents, Firm Dynamics, Financial Crises
Published Papers
More than Words: Leaders' Speech and Risky Behavior During a Pandemic
Ajzenman, N., Cavalcanti, T. and Da Mata, D , (2023), American Economic Journal: Economic Policy, forthcoming
The Risk-Premium Channel of Uncertainty: Implications for Unemployment and Inflation
Freund, L. B., Lee, H. and Rendahl, P. , (2023), Review of Economic Dynamics, forthcoming
Climate Change and Economic Activity: Evidence from U.S. States
Mohaddes, K., Ng, R. N. C., Pesaran, M. H., Raissi, M. and Yang, J-C. , (2022), Oxford Open Economics, accepted
The Hard Problem of Prediction for Conflict Prevention
Mueller, H. and Rauh, C. , (2022), Journal of the European Economic Association, forthcoming
Social Distancing and Supply Disruptions in a Pandemic
Bodenstein, M., Corsetti G. and Guerrieri, L. , (2022), Quantitative Economics
Slums and Pandemics
Brotherhood, l., Cavalcanti, T., Da Mata, D. and Santos, C. , (2022), Journal of Development Economics
See all the Published Papers for the Transmission Theme
Janeway Institute Working Papers
Changing Families: Family Relationships, Parental Decisions and Child Development
Chan, M. K., Liu, K. , (JIWP2306)
Green Transmission: Monetary Policy in the Age of ESG
Patozi, A. , (JIWP2302)
Air Pollution and Firm-Level Human Capital, Knowledge and Innovation
Cavalcanti, T., Mohaddes, K., Nian, H., Yin, H. , (JIWP2301)
Superstar Teams: The Micro Origins and Macro Implications of Coworker Complementarities
Freund, L. B. , (JIWP2235)
Inequality and Business Cycles
Bilbiie, F., Primiceri, G. E., Tambalotti, A. , (JIWP2234)
Beliefs About Maternal Labor Supply
Boneva, T., Golin, M., Kaufmann, K., Rauh, C. , (JIWP2230)
Cambridge-INET Working Papers
Sharing Asymmetric Tail Risk Smoothing, Asset Pricing and Terms of Trade
Corsetti, G., Lipinska, A. and Lombardo, G. , (WP2123)
A New Monetary Policy Shock with Text Analysis
Ochs, A. C.R. , (WP2121)
Venture Capital Booms and Startup Financing
Janeway, W. H., Nanda, R. and Rhodes-Kropf, M. , (WP2120)
Can Perceived Returns Explain Enrollment Gaps in Postgraduate Education?
Boneva, T., Golin, M. and Rauh, C. , (WP2119)
Maternal Labor Supply: Perceived Returns, Constraints, and Social Norms
Boneva, T., Kaufmann, K. and Rauh, C. , (WP2118)
News Entropy
Kuhlen, N. and Preston, A. , (WP2114)
See all the Working Papers for the Transmission Theme
Visitors
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
Dr Antonio Dalla-Zuanna
Research Associate at the Institute for Fiscal Studies
Research
Labour economics and the economics of education
Visiting between:
(24 Sep 2019 - 25 Sep 2019)
Host: Kai Liu
See all the Visitors for the Transmission Theme
Upcoming Events
Macroeconomic and Financial History Mini-Conference
The Janeway Institute is sponsoring a mini-conference entitled 'Macroeconomic and Financial History'.
The event will be held in the Meade Room, Faculty of Economics, University of Cambridge on 20th March 2023, from 10am - 5pm.
Event Date - Monday 20th March 2023
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
Meredith Crowley on Brexit
Professor Meredith Crowley was interviewed on the BBC 2 TV programme Newsnight with her analysis of the state of the UK economy three years on from Brexit.
Published on - Wednesday 1st February 2023
Research indicates for every 30 Covid deaths, one extra person dies
New research by Professor Christopher Rauh has discovered that there was at least one additional preventable death among hospital patients for every 30 deaths that can be linked to the recent pandemic.
Published on - Tuesday 1st November 2022
Dynamic early warning of conflict
The Foreign, Commonwealth and Development Office now has access to a forecast and costing model which uses machine learning and newspaper text to predict outbreaks and intensity of internal armed conflict.
Published on - Monday 20th June 2022
Four new professors in Economics faculty
Four academics at the Faculty of Economics have been promoted to Professor grades at the University of Cambridge.
Published on - Thursday 16th June 2022