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
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
Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis
Kahn, M. E., Mohaddes, K., Ng, R. N. C., Pesaran, M. H., Raissi, M. and Yang, J-C., (2021), Energy Economics
A Counterfactual Economic Analysis of Covid-19 Using a Threshold Augmented Multi-Country Model
Chudik, A., Mohaddes, K., Pesaran, M. H., Raissi, M. and Rebucci, A., (2021), Journal of International Money and Finance
Social Distancing and Supply Disruptions in a Pandemic
Bodenstein, M., Corsetti G. and Guerrieri, L., (2021), Quantitative Economics, accepted
One Money, Many Markets - Monetary Transmission and Housing Financing in the Euro Area
Corsetti, G., Duarte, J. B. and Mann, S., (2021), Journal of the European Economic Association, accepted
Volatile Hiring: Uncertainty in Search and Matching Models
Den Haan, W., Freund, L. B. and Rendahl, P., (2021), Journal of Monetary Economics, forthcoming
Covid-19 Fiscal Support and its Effectiveness
Chudik, A., Mohaddes, K. and Raissi, M., (2021), Economics Letters
See all the Published Papers for the Transmission Theme
Janeway Institute Working Papers
Financial Factors, Firm size and Firm Potential
Ferreira, M., Haber, T. and Rörig, C. , (JIWP2110)
Lessons of Keynes’s Economic Consequences in a Turbulent Century
Clavin, P., Corsetti, G., Obstfeld, M. and Tooze, A. , (JIWP2108)
Climate Change and Fiscal Sustainability: Risks and Opportunities
Agarwala, M., Burke, M., Klusak, P., Mohaddes, K., Volz, U. and Zenghelis, D. , (JIWP2107)
The Value of Sick Pay
Adams-Prassl, A., Boneva, T., Golin, M. and Rauh, C. , (JIWP2106)
Is Marriage for White People? Incarceration, Unemployment, and the Racial Marriage Divide
Caucutt, E. M., Guner, N. and Rauh, C. , (JIWP2105)
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
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
New £12m research centre for inclusive trade policy
A major new research centre on inclusive trade policy is to launch in early 2022. The Centre for Inclusive Trade Policy aims to be a centre of excellence for innovative trade policy research. It will include Co-Investigator Professor Meredith Crowley from the University of Cambridge Faculty of Economics and Janeway Institute.
Published on - Tuesday 30th November 2021
Climate finance: it’ll be cheaper in the long run if poorer countries receive it as a matter of urgency
Dr. Kamiar Mohaddes has written a joint article for The Conversation, that says climate change will shrink the economies of rich, poor, hot and cold countries alike.
Published on - Tuesday 9th November 2021
Greenovate for a better environment and economy
Dr. Kamiar Mohaddes, Zeina Hasna and Henry-James Hatton are co-authors of a report on the impact of innovation in green-related activities to the broader economy.
Published on - Thursday 4th November 2021
Strengthening the Credibility of Public Finances
Professor Giancarlo Corsetti will give an online seminar, as part of the IMF's latest Fiscal Monitor series, on Thursday 28th October 14.00-15.00pm (BST).
Published on - Monday 25th October 2021