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International trade – is more, better? Why economists need to take a new look at the role of international trade in the modern economy

international trade is more better

Outdated theories, unrealistic assumptions… our understanding of international trade is skewed.  This latest blog by Hector Pollitt suggests that the ‘more is better’ assumption is too simplistic. In fact, he argues, the benefits of international trade are overplayed and it’s …

Spotlight on economist Dr Dora Fazekas

Hungarian Economist Dr Dora Fazekas

Dora has recently been appointed Managing Director, Hungary. 

Here she tells us what it’s like opening a new office, what she loves about her particular field of economics and reveals that she’s something of an entrepreneur …
Tell us about your role at Cambridge Econometr…

E3ME, endogenous money and Modern Monetary Theory (MMT)

Endogenous Money Modern Monetary Theory (MMT) E3ME

Unlike most other macroeconomic models, ours (E3ME) includes endogenous money as a core feature (including borrowing by government). 

This difference is important because it allows us to best predict outcomes that might be encountered by our clients.  Find out how…

We…

What is macroeconomic modelling and why do we do it?

“I am not a fan of economic models because they have all proven wrong.”* David Davis MP, Secretary of State for Exiting the EU, December 2017.  Is this the case?  Is it reasonable to take this view? 

Hector Pollitt our Head of Modelling explores: what is economic mod…

Taxing food and fuel – impacts on poorer households

It is now widely acknowledged that decarbonisation will not be possible without putting a price on carbon. Some economists (and most modellers outside Cambridge Econometrics) even suggest that a carbon price would be sufficient to meet carbon targets.

But in the UK there is a …

(Never) mind the gap!

It is nearly four years since the inception of the Northern Powerhouse. Has the performance gap between the Greater South East and the rest of England narrowed? 

In short, no. Recent newspaper articles such as the following refer to the persistence of the gap between the nor…