The Janeway Institute, Cambridge

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

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

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...

🔔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

🎉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...

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

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

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!

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...

📢'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

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-...

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...

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

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/...

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)

The Briefing Room - The Trump hokey cokey is back - what happens to world trade now? - BBC Sounds As President Trump raises tariffs again, what does this mean for world trade?

Today @meredith-crowley.bsky.social was back on Radio 4's The Briefing Room w/ @davidsonofaaron.bsky.social discussing Trump's #tariffs & the legal status of a Trump trade deal.

Does anything stop Trump or a successor from changing it?

➡️ Starts at 8.55
www.bbc.co.uk/sounds/play/...

It's the Faculty's open day today & tomorrow, and a lovely sunny one too: if you are interested in any of the courses in Economics at Cambridge, or just want to find out what we do, please come along to the foyer of the Marshall Library to find out more.

Are you an Alumni of the Faculty?
If so you should already have our latest newsletter on email:
* The pay gap: new research links gender, personality and wages
* Remembering James Trevithick
* Academics honoured by Royal Economic Society
* Jordi Galí's Keynes Lecture
news.cam.ac.uk/t/cr/AQiQkhI...

NEW JI WP published: 'ETF (Mis)pricing' by Andrei Kirilenko, Wladimir Kraus, Oliver Linton @econcam.bsky.social and Mingmei Xiao @econcam.bsky.social

Read the paper here: www.janeway.econ.cam.ac.uk/publication/...

Many congratulations to V.M. Carvalho, A. Burstein and B. Grassi basileg.bsky.social whose work has been accepted for publication by the Quarterly Journal of Economics #QJE
doi.org/10.1093/qje/...

➡️Download a pdf here: www.nber.org/papers/w27958

JI Call for Papers: Long-Run Productivity Conference, 14 Nov 2025
📅Deadline to submit: 1 Sept 2025
www.janeway.econ.cam.ac.uk/event/call-p...

This conference will explore the determinants, measurement, and long-run trends in productivity growth.

Professor Aytek Erdil has been quoted in the Economist.
Britain's newly qualified doctors often get their first choice of location in a new lottery but he says the algorithm encourages “a complicated game” of guesswork among applicants.
www.econ.cam.ac.uk/media-mentio...

The Faculty's Professor Flavio Toxvaerd in the Economics Observatory writes about the consequences of market power in supply chains. which could harm consumers as much as when they sell goods.
www.econ.cam.ac.uk/media-mentio...

The Faculty's Tiago Cavalcanti writes in CEPR's VoxEU that the US-China trade war has created jobs - elsewhere.
He says that while the trade war with China has failed to create jobs at home, it did boost employment in Brazil.
www.econ.cam.ac.uk/media-mentio...

YouTube video by Faculty of Economics, University of Cambridge 2025 Keynes Lecture – Professor Jordi Galí

Did you miss this year's Keynes Lecture delivered by Prof. Jordi Galí @bse_barcelona on 'Rethinking the New Keynesian Model'?

➡️Catch up now: youtube.com/watch?v=I0Qd...

#KeynesFund

📢 Job Vacancy: Apply by 10 July 2025. RA req'd for climate-economy project aimed at measuring the interaction of climate, religion & economic message frames in Indian newspapers over long time-series using large language models.
#KeynesFund
Apply: bit.ly/4lbLBOb

It is with great sadness that we have learned of the death of Mr James (Jim) Trevithick, who was an academic in the Faculty from 1976 to 2002.
Jim was interested in macroeconomic issues such as inflation and unemployment.
www.econ.cam.ac.uk/news/2025/re...

Apply by 9th June to become a Fellow
@resmedia.bsky.social ! Join Sriya Iyer @econcam.bsky.social
to further the work of advancing economics for the benefit of all. bit.ly/4eV1tAZ

Domestic transport costs in emerging economies are often substantial, even compared to international trade costs. How do these costs shape the local labor market effects of trade liberalization? Read the new WP from JI postdoc M. Haasbroek @econcam.bsky.social
📢 bit.ly/45zjbch