The Janeway Institute, Cambridge
@janewayinstitute.bsky.social
New Directions in Economics
Faculty of Economics, University of Cambridge
https://www.janeway.econ.cam.ac.uk/
Vasco M. Carvalho, Meredith Crowley, Florin Bilbiie, Sanjeev Goyal, Matt Elliott, Hamid Sabourian, Chris Harris, Oliver Linton, Alexi Onatski
Faculty of Economics, University of Cambridge
https://www.janeway.econ.cam.ac.uk/
Vasco M. Carvalho, Meredith Crowley, Florin Bilbiie, Sanjeev Goyal, Matt Elliott, Hamid Sabourian, Chris Harris, Oliver Linton, Alexi Onatski
Prof. Meredith Crowley @meredith-crowley.bsky.social speaks to Indian broadcaster @firstpost.bsky.social
about Trump and Xi's recent talks in S. Korea with analysis of trade deals, rare earths, tariffs and technology - plus the current direction of US-China relations.
youtu.be/vU7ZRx4gEEg?...
about Trump and Xi's recent talks in S. Korea with analysis of trade deals, rare earths, tariffs and technology - plus the current direction of US-China relations.
youtu.be/vU7ZRx4gEEg?...
Trump Meets Xi Jinping: Who walked Away Happier? | Firstpost PoV | N18G
YouTube video by Firstpost
youtu.be
October 31, 2025 at 3:19 PM
Prof. Meredith Crowley @meredith-crowley.bsky.social speaks to Indian broadcaster @firstpost.bsky.social
about Trump and Xi's recent talks in S. Korea with analysis of trade deals, rare earths, tariffs and technology - plus the current direction of US-China relations.
youtu.be/vU7ZRx4gEEg?...
about Trump and Xi's recent talks in S. Korea with analysis of trade deals, rare earths, tariffs and technology - plus the current direction of US-China relations.
youtu.be/vU7ZRx4gEEg?...
JI Coordinator and Prof. of Economics @meredith-crowley.bsky.social has been interviewed by DW News about upcoming trade negotiations between the US and China: www.youtube.com/watch?v=5hoR...
'No deal yet' - US and China agree to framework for a trade deal ahead of Trump-Xi meeting | DW News
YouTube video by DW News
www.youtube.com
October 29, 2025 at 3:13 PM
JI Coordinator and Prof. of Economics @meredith-crowley.bsky.social has been interviewed by DW News about upcoming trade negotiations between the US and China: www.youtube.com/watch?v=5hoR...
What is the impact of compulsory land acquisition on industrial composition & local employment? In this NEW 2 min JI video, Megan Haasbroek discusses how industrial policy in developing countries is shaped by the use of eminent domain.
#landreform
www.youtube.com/watch?v=sNPt...
#landreform
www.youtube.com/watch?v=sNPt...
Land Acquisition and Industrial Policy in India – Megan Haasbroek
YouTube video by Faculty of Economics, University of Cambridge
www.youtube.com
October 28, 2025 at 12:33 PM
What is the impact of compulsory land acquisition on industrial composition & local employment? In this NEW 2 min JI video, Megan Haasbroek discusses how industrial policy in developing countries is shaped by the use of eminent domain.
#landreform
www.youtube.com/watch?v=sNPt...
#landreform
www.youtube.com/watch?v=sNPt...
Nobel Laureate, Philippe Aghion, has delivered this year's Marshall Lectures @econcam.bsky.social w/ great humour and aplomb to record-breaking audiences!
JI Coordinator @meredith-crowley.bsky.social also hosted a celebratory dinner at St John's College, Cambridge.
www.joh.cam.ac.uk/about-us/new...
JI Coordinator @meredith-crowley.bsky.social also hosted a celebratory dinner at St John's College, Cambridge.
www.joh.cam.ac.uk/about-us/new...
October 27, 2025 at 12:33 PM
Nobel Laureate, Philippe Aghion, has delivered this year's Marshall Lectures @econcam.bsky.social w/ great humour and aplomb to record-breaking audiences!
JI Coordinator @meredith-crowley.bsky.social also hosted a celebratory dinner at St John's College, Cambridge.
www.joh.cam.ac.uk/about-us/new...
JI Coordinator @meredith-crowley.bsky.social also hosted a celebratory dinner at St John's College, Cambridge.
www.joh.cam.ac.uk/about-us/new...
NEW PUBLICATION forthcoming at the Journal of Business & Economic Statistics by @LinqiWang07 with @christianhafner and Oliver Linton @econcam.bsky.social
'The Permanent and Temporary Effects of Stock Splits on Liquidity in a Dynamic Semiparametric Model'
➡️ doi.org/10.1080/0735...
'The Permanent and Temporary Effects of Stock Splits on Liquidity in a Dynamic Semiparametric Model'
➡️ doi.org/10.1080/0735...
The permanent and temporary effects of stock splits on liquidity in a dynamic semiparametric model
We develop a dynamic framework to detect the occurrence of permanent and transitory breaks in the illiquidity process. We propose various tests that can be applied separately to individual events a...
doi.org
October 27, 2025 at 12:23 PM
NEW PUBLICATION forthcoming at the Journal of Business & Economic Statistics by @LinqiWang07 with @christianhafner and Oliver Linton @econcam.bsky.social
'The Permanent and Temporary Effects of Stock Splits on Liquidity in a Dynamic Semiparametric Model'
➡️ doi.org/10.1080/0735...
'The Permanent and Temporary Effects of Stock Splits on Liquidity in a Dynamic Semiparametric Model'
➡️ doi.org/10.1080/0735...
Huge congratulations to Janeway Institute
Deputy Director, Constantine Yannelis, who has won a 2025 Leverhulme Prize!
It was awarded for his work on financial economics, human capital investment, corporate finance, applied microeconomics and student loans.
➡️https://leverhulme.ac.uk/news/2025PLP
Deputy Director, Constantine Yannelis, who has won a 2025 Leverhulme Prize!
It was awarded for his work on financial economics, human capital investment, corporate finance, applied microeconomics and student loans.
➡️https://leverhulme.ac.uk/news/2025PLP
October 22, 2025 at 12:26 PM
Huge congratulations to Janeway Institute
Deputy Director, Constantine Yannelis, who has won a 2025 Leverhulme Prize!
It was awarded for his work on financial economics, human capital investment, corporate finance, applied microeconomics and student loans.
➡️https://leverhulme.ac.uk/news/2025PLP
Deputy Director, Constantine Yannelis, who has won a 2025 Leverhulme Prize!
It was awarded for his work on financial economics, human capital investment, corporate finance, applied microeconomics and student loans.
➡️https://leverhulme.ac.uk/news/2025PLP
How do spillovers across interconnected arenas - like markets, constituencies, or research fields - shape competition?
Read the new JI WP by JI Coordinator & Arthur C. Pigou Professor of Economics, Sanjeev Goyal et al:
janeway.econ.cam.ac.uk/publication/...
Read the new JI WP by JI Coordinator & Arthur C. Pigou Professor of Economics, Sanjeev Goyal et al:
janeway.econ.cam.ac.uk/publication/...
October 22, 2025 at 9:55 AM
How do spillovers across interconnected arenas - like markets, constituencies, or research fields - shape competition?
Read the new JI WP by JI Coordinator & Arthur C. Pigou Professor of Economics, Sanjeev Goyal et al:
janeway.econ.cam.ac.uk/publication/...
Read the new JI WP by JI Coordinator & Arthur C. Pigou Professor of Economics, Sanjeev Goyal et al:
janeway.econ.cam.ac.uk/publication/...
Next week! The Cambridge Faculty of Economics is thrilled to be welcoming Nobel Laureate Phillippe Aghion to deliver the annual Marshall Lecture on Oct 22 &23 (5pm, Sidgwick Site, Cambridge) entitled “Rethinking Capitalism: The Power of Creative Destruction”. bit.ly/48zzSpN
October 17, 2025 at 2:18 PM
Next week! The Cambridge Faculty of Economics is thrilled to be welcoming Nobel Laureate Phillippe Aghion to deliver the annual Marshall Lecture on Oct 22 &23 (5pm, Sidgwick Site, Cambridge) entitled “Rethinking Capitalism: The Power of Creative Destruction”. bit.ly/48zzSpN
We're excited to be sponsoring a fantastic line-up of speakers at the Long-Run #Productivity Conf on 20th Nov 2025, organised by Jagjit Chadha (Cambridge) & colleagues.
See the programme & register your interest by 7th Nov here:
janeway.econ.cam.ac.uk/event/long-r...
See the programme & register your interest by 7th Nov here:
janeway.econ.cam.ac.uk/event/long-r...
October 16, 2025 at 4:02 PM
We're excited to be sponsoring a fantastic line-up of speakers at the Long-Run #Productivity Conf on 20th Nov 2025, organised by Jagjit Chadha (Cambridge) & colleagues.
See the programme & register your interest by 7th Nov here:
janeway.econ.cam.ac.uk/event/long-r...
See the programme & register your interest by 7th Nov here:
janeway.econ.cam.ac.uk/event/long-r...
Can we optimise team allocation by taking into account social values and sources of unequal productivity?
Ana Lleó-Bono @econcam.bsky.social explores this question in a NEW JI WP.
➡️ www.janeway.econ.cam.ac.uk/publication/...
#KeynesFund #EconTwitter
@meredith-crowley.bsky.social
Ana Lleó-Bono @econcam.bsky.social explores this question in a NEW JI WP.
➡️ www.janeway.econ.cam.ac.uk/publication/...
#KeynesFund #EconTwitter
@meredith-crowley.bsky.social
September 30, 2025 at 11:45 AM
Can we optimise team allocation by taking into account social values and sources of unequal productivity?
Ana Lleó-Bono @econcam.bsky.social explores this question in a NEW JI WP.
➡️ www.janeway.econ.cam.ac.uk/publication/...
#KeynesFund #EconTwitter
@meredith-crowley.bsky.social
Ana Lleó-Bono @econcam.bsky.social explores this question in a NEW JI WP.
➡️ www.janeway.econ.cam.ac.uk/publication/...
#KeynesFund #EconTwitter
@meredith-crowley.bsky.social
JUST PUBLISHED by Jagjit Chadha et al:
'The Role of Macroprudential Policy in Times of Trouble' which looks at whether macroprudential policies support broader economic stablility, esp the welfare of households.
Read the paper here: bit.ly/48KnG5k
'The Role of Macroprudential Policy in Times of Trouble' which looks at whether macroprudential policies support broader economic stablility, esp the welfare of households.
Read the paper here: bit.ly/48KnG5k
September 29, 2025 at 9:54 AM
JUST PUBLISHED by Jagjit Chadha et al:
'The Role of Macroprudential Policy in Times of Trouble' which looks at whether macroprudential policies support broader economic stablility, esp the welfare of households.
Read the paper here: bit.ly/48KnG5k
'The Role of Macroprudential Policy in Times of Trouble' which looks at whether macroprudential policies support broader economic stablility, esp the welfare of households.
Read the paper here: bit.ly/48KnG5k
Congrats to JI & Productivity Institute Postdoc Ali Sen who has moved to the Brunel Centre at the University of West England, Bristol as a Research Fellow.
Ali's interests are productivity, structural change, production networks and intangible capital.
sites.google.com/view/aliysen...
Ali's interests are productivity, structural change, production networks and intangible capital.
sites.google.com/view/aliysen...
September 11, 2025 at 10:54 AM
Congrats to JI & Productivity Institute Postdoc Ali Sen who has moved to the Brunel Centre at the University of West England, Bristol as a Research Fellow.
Ali's interests are productivity, structural change, production networks and intangible capital.
sites.google.com/view/aliysen...
Ali's interests are productivity, structural change, production networks and intangible capital.
sites.google.com/view/aliysen...
🔔Event reminder: Don't forget to register your interest to attend by 15th September!
📢'The New Global Economy: Trade Wars & De-dollarisation' is a JI conference taking place on 27-28 Sept in Cambridge with keynotes by:
🎙️Silvana Tenreyro (LSE)
🎙️Oleg Itskhoki (Harvard)
See the full 2 day programme & register interest by 15th Sept here bit.ly/41przs6
🎙️Silvana Tenreyro (LSE)
🎙️Oleg Itskhoki (Harvard)
See the full 2 day programme & register interest by 15th Sept here bit.ly/41przs6
September 10, 2025 at 9:26 AM
🔔Event reminder: Don't forget to register your interest to attend by 15th September!
Congratulations to JI Postdoc Megan Haasbroek who has moved to Oslo this Sept as a postdoctoral researcher at the
BI Norwegian Business School.
Megan is an applied economist w/ interests in international trade, economic geography & development economics.
Find out more:
www.meganhaasbroek.com
BI Norwegian Business School.
Megan is an applied economist w/ interests in international trade, economic geography & development economics.
Find out more:
www.meganhaasbroek.com
September 5, 2025 at 12:33 PM
Congratulations to JI Postdoc Megan Haasbroek who has moved to Oslo this Sept as a postdoctoral researcher at the
BI Norwegian Business School.
Megan is an applied economist w/ interests in international trade, economic geography & development economics.
Find out more:
www.meganhaasbroek.com
BI Norwegian Business School.
Megan is an applied economist w/ interests in international trade, economic geography & development economics.
Find out more:
www.meganhaasbroek.com
🎉Congratulations to Léonard Bocquet, a JI Research Fellow, who is joining the Univ of Amsterdam as an Assistant Prof this Sept.
His interests are macroeconomics, labour economics, trade economics & network economics.
Find out more about his work: sites.google.com/view/leonard...
His interests are macroeconomics, labour economics, trade economics & network economics.
Find out more about his work: sites.google.com/view/leonard...
September 4, 2025 at 11:39 AM
🎉Congratulations to Léonard Bocquet, a JI Research Fellow, who is joining the Univ of Amsterdam as an Assistant Prof this Sept.
His interests are macroeconomics, labour economics, trade economics & network economics.
Find out more about his work: sites.google.com/view/leonard...
His interests are macroeconomics, labour economics, trade economics & network economics.
Find out more about his work: sites.google.com/view/leonard...
Congratulations to JI & #KeynesFund (Camb) Postdoctoral Researcher Fellow, Caroline Liqui Lung, who joins City St Georges, Univ of London this Sept as a Lecturer (Ass't Prof).
Caroline mainly works on the intersection of Behavioural Economics & Microeconomic Theory.
Find out more: cwliquilung.com
Caroline mainly works on the intersection of Behavioural Economics & Microeconomic Theory.
Find out more: cwliquilung.com
September 1, 2025 at 2:21 PM
Congratulations to JI & #KeynesFund (Camb) Postdoctoral Researcher Fellow, Caroline Liqui Lung, who joins City St Georges, Univ of London this Sept as a Lecturer (Ass't Prof).
Caroline mainly works on the intersection of Behavioural Economics & Microeconomic Theory.
Find out more: cwliquilung.com
Caroline mainly works on the intersection of Behavioural Economics & Microeconomic Theory.
Find out more: cwliquilung.com
Reposted by The Janeway Institute, Cambridge
I write in @theguardian.com on why a VAT rise in the UK may be quite progressive and may hurt growth less than other taxes would www.theguardian.com/politics/202...
Raising VAT rates would let Rachel Reeves fill budget black hole and enable growth | Letters
Letters: Kristoffer Berg says VAT can be progressive, while Anthony Seaton suggests making use of MOT data to tax cars
www.theguardian.com
August 19, 2025 at 7:54 AM
I write in @theguardian.com on why a VAT rise in the UK may be quite progressive and may hurt growth less than other taxes would www.theguardian.com/politics/202...
Final Reminder: Deadline for this Call is tonight - Sept 1 - at 23:59!
JI Call for Papers deadline fast approaching: 1 Sept 2025! Apply to join the JI-sponsored Long Run Productivity Conference at Clare College, Cambridge on 20 Nov 2025. Follow this link to apply:
cepr.org/events/long-...
cepr.org/events/long-...
September 1, 2025 at 9:20 AM
Final Reminder: Deadline for this Call is tonight - Sept 1 - at 23:59!
Attention Cambridge PhD students: apply by 5th Sept 2025 for the Keynes Fund PhD Small Awards Scheme (or later in the year by 15th March 2026).
Discover all the details on how to apply here: www.keynesfund.econ.cam.ac.uk/phd-awards-s...
Discover all the details on how to apply here: www.keynesfund.econ.cam.ac.uk/phd-awards-s...
August 28, 2025 at 3:20 PM
Attention Cambridge PhD students: apply by 5th Sept 2025 for the Keynes Fund PhD Small Awards Scheme (or later in the year by 15th March 2026).
Discover all the details on how to apply here: www.keynesfund.econ.cam.ac.uk/phd-awards-s...
Discover all the details on how to apply here: www.keynesfund.econ.cam.ac.uk/phd-awards-s...
📢'The New Global Economy: Trade Wars & De-dollarisation' is a JI conference taking place on 27-28 Sept in Cambridge with keynotes by:
🎙️Silvana Tenreyro (LSE)
🎙️Oleg Itskhoki (Harvard)
See the full 2 day programme & register interest by 15th Sept here bit.ly/41przs6
🎙️Silvana Tenreyro (LSE)
🎙️Oleg Itskhoki (Harvard)
See the full 2 day programme & register interest by 15th Sept here bit.ly/41przs6
August 28, 2025 at 8:47 AM
📢'The New Global Economy: Trade Wars & De-dollarisation' is a JI conference taking place on 27-28 Sept in Cambridge with keynotes by:
🎙️Silvana Tenreyro (LSE)
🎙️Oleg Itskhoki (Harvard)
See the full 2 day programme & register interest by 15th Sept here bit.ly/41przs6
🎙️Silvana Tenreyro (LSE)
🎙️Oleg Itskhoki (Harvard)
See the full 2 day programme & register interest by 15th Sept here bit.ly/41przs6
JI Call for Papers deadline fast approaching: 1 Sept 2025! Apply to join the JI-sponsored Long Run Productivity Conference at Clare College, Cambridge on 20 Nov 2025. Follow this link to apply:
cepr.org/events/long-...
cepr.org/events/long-...
August 21, 2025 at 8:59 AM
JI Call for Papers deadline fast approaching: 1 Sept 2025! Apply to join the JI-sponsored Long Run Productivity Conference at Clare College, Cambridge on 20 Nov 2025. Follow this link to apply:
cepr.org/events/long-...
cepr.org/events/long-...
Register your interest by 1 Sept to join this JI conf organised by JI Deputy Director C. Yannelis @econcam.bsky.social , Isil Erel (Ohio State) & Zhiguo He (Stanford).
Find out more: www.janeway.econ.cam.ac.uk/event/2025-r...
Find out more: www.janeway.econ.cam.ac.uk/event/2025-r...
August 13, 2025 at 11:39 AM
Register your interest by 1 Sept to join this JI conf organised by JI Deputy Director C. Yannelis @econcam.bsky.social , Isil Erel (Ohio State) & Zhiguo He (Stanford).
Find out more: www.janeway.econ.cam.ac.uk/event/2025-r...
Find out more: www.janeway.econ.cam.ac.uk/event/2025-r...
Why does the standard measure of Economic Policy Uncertainty (EPU) drop during armed conflicts & how can this be adjusted?
Find out more in a NEW JI WP by C. Rauh (Cambridge)@econcam.bsky.social , S. Brochet & H. Mueller.
janeway.econ.cam.ac.uk/publication/...
#econtwitter #keynesfund
Find out more in a NEW JI WP by C. Rauh (Cambridge)@econcam.bsky.social , S. Brochet & H. Mueller.
janeway.econ.cam.ac.uk/publication/...
#econtwitter #keynesfund
August 12, 2025 at 12:38 PM
Why does the standard measure of Economic Policy Uncertainty (EPU) drop during armed conflicts & how can this be adjusted?
Find out more in a NEW JI WP by C. Rauh (Cambridge)@econcam.bsky.social , S. Brochet & H. Mueller.
janeway.econ.cam.ac.uk/publication/...
#econtwitter #keynesfund
Find out more in a NEW JI WP by C. Rauh (Cambridge)@econcam.bsky.social , S. Brochet & H. Mueller.
janeway.econ.cam.ac.uk/publication/...
#econtwitter #keynesfund
In a new JI WP, Edoardo Gallo
@econcam.bsky.social w/ M. Bigoni (Bologna) & G. Camera (Chapman) observes that 'monetary systems outperform social exclusion mechanisms in promoting cooperation in globalized social and economic networks'. Read the paper here: janeway.econ.cam.ac.uk/publication/...
@econcam.bsky.social w/ M. Bigoni (Bologna) & G. Camera (Chapman) observes that 'monetary systems outperform social exclusion mechanisms in promoting cooperation in globalized social and economic networks'. Read the paper here: janeway.econ.cam.ac.uk/publication/...
August 4, 2025 at 4:33 PM
In a new JI WP, Edoardo Gallo
@econcam.bsky.social w/ M. Bigoni (Bologna) & G. Camera (Chapman) observes that 'monetary systems outperform social exclusion mechanisms in promoting cooperation in globalized social and economic networks'. Read the paper here: janeway.econ.cam.ac.uk/publication/...
@econcam.bsky.social w/ M. Bigoni (Bologna) & G. Camera (Chapman) observes that 'monetary systems outperform social exclusion mechanisms in promoting cooperation in globalized social and economic networks'. Read the paper here: janeway.econ.cam.ac.uk/publication/...
Listen to JI Coordinator @meredith-crowley.bsky.social talking to Chris Horseman @chrishorseman.bsky.social about the 'main principles of Trump's trade policy in his 2nd term' including imposing high tariffs on countries with large trade deficits in relation to the US.
(Starts at 3.00)
(Starts at 3.00)
Is there method in Trump's tariff madness?
The verdict from my excellent guests on the latest @thecitp.bsky.social Trade Bites podcast? "Sort of..." :-)
Thanks to Meredith Crowley, @sjrickard.bsky.social and @chadpbown.com for their insights.
You can listen here:
soundcloud.com/uktpo-tradeb...
The verdict from my excellent guests on the latest @thecitp.bsky.social Trade Bites podcast? "Sort of..." :-)
Thanks to Meredith Crowley, @sjrickard.bsky.social and @chadpbown.com for their insights.
You can listen here:
soundcloud.com/uktpo-tradeb...
US trade policy in the first 6 months of Trump's second term
July 20, 2025, is six months since Trump’s inauguration for a second term in the White House. Since then, all previous norms of trade engagement have gone out of the window with the imposition (or thr
soundcloud.com
July 18, 2025 at 2:24 PM
Listen to JI Coordinator @meredith-crowley.bsky.social talking to Chris Horseman @chrishorseman.bsky.social about the 'main principles of Trump's trade policy in his 2nd term' including imposing high tariffs on countries with large trade deficits in relation to the US.
(Starts at 3.00)
(Starts at 3.00)