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Vasco M. Carvalho

Involvement

Vasco M. Carvalho is Professor of Macroeconomics in the Faculty of Economics at the University of Cambridge.

He is a Fellow of Jesus College and the Alan Turing Institute. 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. His research in macroeconomics focuses on production networks and supply chain interdependence across firms and sectors. He was awarded the 2014 Wiley Prize in Economics by the British Academy for “achievement in research by an outstanding early career economist”. He is the Principal Investigator of the European Research Council Grant “MacroNets: Production Networks in Macroeconomics” and a recipient of the Leverhulme Prize.

Read more about Prof. Carvalho’s biography and research here

By this expert

Input Diffusion and the Evolution of Production Network

Paper Working paper | By Vasco M. Carvalho and Nico Voigtländer | Apr 2015

The adoption and diffusion of inputs in the production network is at the heart of technological progress. What determines which inputs are initially considered and eventually adopted by innovators? We examine the evolution of input linkages from a network perspective, starting from a stylized model of network formation.

Large Firm Dynamics and the Business Cycle

Paper Working paper | By Vasco M. Carvalho and Basile Grassi | Apr 2015

Do large firm dynamics drive the business cycle? We answer this question by developing a quantitative theory of aggregate fluctuations caused by firm-level disturbances alone. We show that a standard heterogeneous firm dynamics setup already contains in it a theory of the business cycle, without appealing to aggregate shocks.