Centre for Macroeconomics|

Cambridge University|

London School of Economics|


Bank of England|

National Institute of Economic and Social Research|


CFM News and Upcoming Events

Tuesday 16 December 2014: CFM and Cambridge Macro Workshop
Submissions are invited for the Macroeconomics Workshop| [PDF].
If you are interested in presenting, please submit your paper to Yildiz Akkaya| by November 9th at the latest. Invited speakers will be notified shortly afterwards.

Tuesday 28 October 2014: CFM Publication
Francesco Caselli|, M. Morelli, and D Rohner The Geography of Interstate Resource Wars| accepted for publication in the Quarterly Journal of Economics.

Monday 27 October 2014: CFM, LSE Department of Economics, Systemic Risk Centre, and International Growth Centre public event
Deputy Governor of the Bank of England, Minouche Shafik|, presented a speech, Making Markets Fair & Effective|, at the Old Theatre, LSE.

Video| and Podcast| available via LSE Events, transcript| available at the Bank of England.
Mentioned at BBC|, Bloomberg|, CityAM|, Financial Times|, The Guardian|, and Wall Street Journal|.

Monday 27 October 2014: CFM Student in the Media
CFM PhD student Thomas Drechsel's recent paper, Following the Trend: Tracking GDP when long-run growth is uncertain| [PDF] (written with J. Antolin-Diaz and I. Petrella) has been referenced in the Financial Times| and The Telegraph|.

Friday 24 October 2014: CFM Discussion Paper
Discussion paper #28 is now online: Why are real interest rates so low? Secular stagnation and the relative price of investment goods| by Gregory Thwaites.

18-19 December 2014: CFM, Bank of England, and CEPR Event
Centre for Macroeconomics, The Bank of England, and CEPR jointly organised a two day workshop focusing on international trade, finance & macroeconomics| [PDF] and related issues.

Tuesday 07 October 2014: CFM Survey
The results for the latest CFM Survey, questioning secular stagnation are now available on the survey website|. Mentioned in The Guardian| and VoxEU|.

Tuesday 30September 2014: CFM, FMG and SRC Event

Giving guidance on future monetary policy in a very uncertain world|, with David Miles| (MPC Member, Bank of England). Chaired by Wouter Den Haan| and joined by Charles Goodhart| (discussant). Transcript| and Podcast| also available.

Friday 26 September 2014: Discussion Papers
CFM discussion papers #26 and #27 now available: Financial disruption as a cost of sovereign default: a quantitative assessment| by Andre Diniz and Bernardo Guimaraes, and A model of the confidence channel of fiscal policy| by Bernardo Guimaraes, Caio Machado and Marcel Ribeiro.

Tuesday 16 September 2014: CFM and LSE Department of Economics Public Lecture.

Prof. Wouter Den Haan introduced the first CFM and Dept. of Economics public lecture of 2014-15: The Shifts and The Shocks: What we've learned - and still have to learn - from the financial crisis|, with Martin Wolf. Chaired by Lord Turner. Visit LSE Events| for other media formats.

Tuesday 09 September 2014:  Publication
Marco Bassetto|, Marco Cagetti|, and Mariacristina De Nardi's| paper Credit Crunches and Credit Allocation in a Model of Entrepreneurship| has been accepted for publication in the forthcoming Review of Economic Dynamics special issue on Money, Credit and Financial Frictions.

Monday 08 September 2014: Publication
Pascal Michaillat| published in the American Economic Journal 6.1 (Jan. 2014): A theory of countercyclical government multiplier|.

News| and  Events|



CFM congratulates Professor Charlie Bean, outgoing Deputy Governor of the Bank of England and visiting professor in the Dept. of Economics at LSE on his knighthood for services to monetary policy and central banking.

Chairman of the CFM Advisory Board Ben Broadbent, became Deputy Governor for Monetary Policy at the Bank of England| from the beginning of July 2014.

Notable Publications:
Pascal Michaillat's paper A theory of countercyclical government multiplier published in American Economic Journal (Vol 6.1)|.

Marco Bassetto, Marco Cagetti, & Mariacristina De Nardi's paper Credit Crunches and Credit Allocation in a Model of Entrepreneurship has been accepted for publication in the forthcoming Review of Economic Dynamics special issue on Money, Credit and Financial Frictions|.

CFM Seminar Schedule Michaelmas Term 2014 [PDF]   |

CFM Reading Group |

Cambridge Macro Seminars|

LSE Macro Seminars|

UCL (Macro)economics Seminars|

NIESR Monthly Estimates of GDP [PDF]|