Vasco M. Carvalho
Vasco M. Carvalho
External Partner

Vasco M. Carvalho is currently Professor of Macroeconomics at the Faculty of Economics of the University of Cambridge.  He is also the Director of the Cambridge-INET institute and a Fellow of Jesus College, the Alan Turing Institute and CEPR. Having gained his PhD at the University of Chicago, he was a Junior Researcher at CREI in Barcelona and Affiliated Assistant Professor at University Pompeu Fabra before joining the University of Cambridge in 2013. He was awarded the 2014 Wiley Prize in Economics by the British Academy for "achievement in research by an outstanding early career economist".  He was the Principal Investigator of the European Research Council Grant "MacroNets: Production Networks in Macroeconomics" and of a Leverhulme Prize Fellowship.

Professor Carvalho's research focuses on the origins of business cycles. His research has shown how the organization of production around supply-chain networks exposes the aggregate economy to disruptions in critical nodes along these chains.

Latest publications

We analyze the distribution of greenhouse gas emissions resulting from the consumption of Spanish households, considering spending levels, age, gender, and different types of goods and services. Our approach combines official data, the Input-Output methodology and BBVA data.
We study the transmission of monetary policy shocks using daily consumption, corporate sales and employment series. We find that the economy responds at both short and long lags that are variable in economically significant ways.
Presentation for the Conference on Non-traditional Data, Machine Learning and Natural Language Processing in Macroeconomics hosted by Sveriges Riksbank and jointly organized with the Federal Reserve Board, the Bank of Italy, and the Bank of Canada.