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
Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness
Klusak, P., Agarwala, M., Burke, M., Kraemer, M. and Mohaddes, K. , (2023), Management Science
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 value of sick pay
Adams-Prassl, A., Boneva, T., Golin, M. and Rauh, C. , (2023), European Economic Review
Perceived returns to job search
Adams-Prassl, A., Boneva, T., Golin, M. and Rauh, C. , (2023), Labour Economics
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
See all the Published Papers for the Transmission Theme
Janeway Institute Working Papers
Granular Banking Flows and Exchange-Rate Dynamics
Bippus, B., Lloyd, S., Ostry, D. , (JIWP2314)
Greed? Profits, Inflation, and Aggregate Demand
Bilbiie, F. O., Kanzig, D. R. , (JIWP2313)
Tails of Foreign Exchange-at-Risk (FEaR)
Ostry, D. A. , (JIWP2311)
On the Black-White Gaps in Labor Supply and Earnings over the Lifecycle in the US
Rauh, C., Valladares-Esteban, A. , (JIWP2310)
When Did Growth Begin? New Estimates of Productivity Growth in England from 1250 to 1870
Bouscasse, P., Nakamura, E., Steinsson, J. , (JIWP2309)
Short and Variable Lags
Buda, G., Carvalho, V. M., Corsetti, G., Duarte, J. B., Hansen, S., Moura, A. S., Ortiz, A., Rodrigo, T., Rodríguez Mora, J. V., Alves da Silva, G. , (JIWP2308)
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
Three successful in Academic Career Pathways
The University of Cambridge Academic Career Pathways scheme recognises and reward outstanding contributions and celebrate academic achievement through promotion and pay progression. This year, all three of the candidates from the Faculty of Economics that were put forward have been successful.
Published on - Friday 16th June 2023
Tight jobs market? AI meets worker shortage
Christopher Rauh’s discussion paper published by the Centre for Economic Policy Research has been mentioned in an article by Reuters on the tough jobs market.
Published on - Friday 17th February 2023
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