Centre for Macroeconomics|

Cambridge University|

London School of Economics|


Bank of England|

National Institute of Economic and Social Research|


CFM News and Upcoming Events

Friday 24 October: 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.

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|, will present a speech at the Old Theatre, LSE. The event is free and open to all, however a ticket is required. To request a ticket or for more information, please visit LSE Events|.

18-19 December 2014: CFM, Bank of England, and CEPR Event
Centre for Macroeconomics, The Bank of England, and CEPR are jointly organising 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 wesbite|. 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|

Event-201402-BalticSociety|Wouter Den Haan, Chris Pissarides and Ilmars Rimsevics with members of the LSE SU Baltic Society at Latvia's Road to the Eurozone| [PDF].



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 geovernment multiplier pubished 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 Term2014 [PDF]   |

CFM Reading Group |

Cambridge Macro Seminars|

LSE Macro Seminars|

UCL (Macro)economics Seminars|

NIESR Monthly Estimates of GDP [PDF]|