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
Published Papers
Production Networks: A Primer
Carvalho, V. M. and Tahbaz-Salehi, A., (2019), Annual Review of Economics
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
Tariff scares: Trade policy uncertainty and foreign market entry by Chinese firms
Crowley, M. A., Meng, N., and Song, H., (2018), Journal of International Economics
Slamming the door on trade policy discretion? The WTO appellate body's ruling on market distortions and production costs in EU-Biodiesel (Argentina)
Crowley, M. A. and Hillman, J.A., (2018), World Trade Review
Are prices enough? The economics of material demand reduction
Aidt, T.S., Lili, J. and Low, H., (2017), Philosophical Transactions of the Royal Society A : Mathematical, Physical and Engineering Sciences
See all the Published Papers for the Transmission Theme
Working Papers
Exchange Rate Risk and Business Cycles
Lloyd, S. P. and Marin, E. A. , (WP1992)
Market Power and Innovation in the Intangible Economy
De Ridder, M., (WP1908)
Invoicing and Pricing-to-Market - A Study of Price and Markup Elasticities of UK Exporters
Corsetti, G., Crowley, M. A. and Han, L., (WP1815)
Production Networks: A Primer
Carvalho, V. M. and Tahbaz-Salehi, A., (WP1813)
Renegotiation of Trade Agreements and Firm Exporting Decisions: Evidence from the Impact of Brexit on UK Exports
Crowley, M. A., Exton, O. and Han, L., (WP1810)
Markets and Markups: A New Empirical Framework and Evidence on Exporters from China
Corsetti, G., Crowley, M., Han, L. and Song, H., (WP1805)
See all the Working Papers for the Transmission Theme
Visitors
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
Prof Petra Todd
Professor of Economics, University of Pennsylvania
Research
Social Program Evaluation, Labor Economics, and Microeconometrics
Visiting between:
(17 May 2019 - 22 May 2019)
Host: Meredith Crowley
Luca Guerrieri
Federal Reserve Board
Research
Formulation and Evaluation of Dynamic Models.
Visiting between:
(15 May 2019 - 20 May 2019)
Host: Giancarlo Corsetti
See all the Visitors for the Transmission Theme
Past Events
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
The New Malthusianism: A Symposium
On the occasion of the 220th anniversary of Thomas Malthus’ Essay on Population, a small workshop will be convened at his Cambridge College to consider more recent explorations of Malthus and Malthusianism. Dr. Toke Aidt and Professor Tim Swanson are organising the event on the 12th - 13th December 2018, in the Webb Library, Jesus College, Cambridge University. MAVA Foundation, Switzerland and INET-Cambridge will be sponsoring the event.
Event Date - Wednesday 12th December 2018 - Thursday 13th December 2018
Office for National Statistics Economic Forum Roadshow
ONS Economic Forum roadshow will present the current state of the UK economy. The event will take place on 30th November 2018 from 10.00am - 12.30pm, in the Francopan Hall, Jesus College, Cambridge.
Event Date - Friday 30th November 2018
See all the Past Events for the Transmission Theme
News
EEA 2020 Scientific Programme Committee Chair
Professor Vasco M. Carvalho, has been appointed the EEA 2020 Scientific Programme Committee Chair, for the 35th Annual Congress of the European Economic Association, which will held at the ERASMUS University Rotterdam (The Netherlands), on the 24th - 27th August 2020.
Published on - Wednesday 13th November 2019
National Food Strategy Advisory Panel
Dr. Meredith Crowley has been appointed to the Department for Environment, Food & Rural Affairs's (DEFRA) Advisory Panel for a National Food Strategy. This advisory panel of experts from across agriculture, retail, food manufacture, NGOs and academia has today been named to support the development of the National Food Strategy.
Published on - Thursday 7th November 2019
IMF Annual Research Conference
Professor Giancarlo Corsetti will speak at The International Monetary Fund's Twentieth Jacques Polak Annual Research Conference, which is being held at the IMF headquarters in Washington DC on 7th-8th November 2019. Prof. Corsetti's talk will be on his paper "Debt Sustainability and the Terms of Official Support", joint with Aitor Erce (European Investment Bank) and Timothy Uy (Deloitte).
Published on - Wednesday 6th November 2019
The Zombie Economy
Dr. Meredith Crowley's research "Renegotiation of Trade Agreements and Firm Exporting Decisions: Evidence from the Impact of Brexit on UK Exports", joint with Oliver Exton and Lu Han, was cited in the article "The Zombie Economy" in The Economist.
Published on - Tuesday 5th November 2019