

The Janeway Institute
2.5K posts

@janewayinst
'New Directions in Economics' Faculty of Economics, University of Cambridge











New paper with Marc Melitz (major revision, supersedes our "Aggregate-Demand Amplification of Supply Disruptions"): "Supply Shocks in a Heterogeneous-Firm New Keynesian Model: The Entry Multiplier." Let's think about "supply shocks" and monetary policy's response .... 🧵 1/15







For ~40 years, we've assumed RBC models imply a tiny welfare cost of business cycles. In a new paper w/ V. Carvalho & @matias_cova2 we show that it's an artifact of the single‑sector assumption. Drop it, and the cost is ~100x larger. A 🧵 (1/n, n= 12) galonuno.com/uploads/1/3/4/…












New CEPR Discussion Paper - DP21638 The Economic Costs of Religious Riots in India Sriya Iyer, Dmitrii Petrukhin @CamEcon @Cambridge_Uni, @econanand @azimpremjiuniv ow.ly/OAnn50ZeNKu #CEPR_DE #CEPR_MG #EconTwitter




We're delighted to announce 'Macroeconomic Effects of Geopolitical Shocks & Uncertainty - 10 years from the Brexit Referendum' will be held from 18-19 June 2026 at King's College, Cambridge. Find out about more here➡️bit.ly/4uxgiSL @CamEcon #econtwitter