About this collection

Cambridge Working Papers in Economics (CWPE) is a new series of papers from the Faculty of Economics and the Department of Applied Economics. It supersedes the DAE Working Paper series.

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Please note the Working Papers often represent early stages in the presentation of research findings, and should not be quoted without permission.

Recent Submissions

  • Foreign Vulnerabilities, Domestic Risks: The Global Drivers of GDP-at-Risk 

    Lloyd, S.; Manuel, E.; Panchev, K. (Faculty of Economics, University of Cambridge, 2021-07-29)
    We study how foreign financial developments influence the conditional distribution of domestic GDP growth. Within a quantile regression setup, we propose a method to parsimoniously account for foreign vulnerabilities using ...
  • Identifying the Effects of Sanctions on the Iranian Economy using Newspaper Coverage 

    Laudati, D.; Pesaran, M. H. (Faculty of Economics, University of Cambridge, 2021-07-29)
    This paper considers how sanctions affected the Iranian economy using a novel measure of sanctions intensity based on daily newspaper coverage. It finds sanctions to have significant effects on exchange rates, inflation, ...
  • Relational Contracts and Trust in a High-Tech Industry 

    Calzolari, G.; Felli, L.; Koenen, J.; Spagnolo, G.; Stahl, K. O. (Faculty of Economics, University of Cambridge, 2021-08-02)
    We study how informal buyer-supplier relationships in the German automotive industry affect procurement. Using unique data from a survey focusing on these, we show that more trust, the belief that the trading partner acts ...
  • Sharing Asymmetric Tail Risk Smoothing, Asset Pricing and Terms of Trade 

    Corsetti, G.; Lipińska, A.; Lombardo, G. (Faculty of Economics, University of Cambridge, 2021-07-26)
    With the Global Financial Crisis, the COVID-19 pandemic, and the looming Climate Change, investors and policymakers around the world are bracing for a new global environment with heightened tail risk. Asymmetric exposure ...

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