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New Directions in Economics

Welcome to The Janeway Institute Cambridge

Aims & Objectives

Developing cutting-edge research

Inspiring the next generation of economists

Creating an international hub for new ideas

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Special Initiatives

Covid-19 Research

The Cambridge-INET led, COVID-19 Economic Research website has an extensive collection of special features, research papers, blogs and videos, by Cambridge Academics that look into the pandemic and it’s economics effects,

Events & Activites

May 9th 2024: Stefanie Stantcheva (Harvard) to deliver keynote speech

Stefanie StantchevaWe're excited to announce that Professor Stefanie Stantcheva from Harvard will be our keynote speaker at the first annual Cambridge Alumni in Macro (CAM) Conference on May 9th and10th 2024. 

Stefanie Stantcheva is the Nathaniel Ropes Professor of Political Economy at Harvard and founder of the Social Economics Lab. She is a member of the National Bureau of Economic Research, the Center for Economic Policy Research, the Econometric Society, and the American Academy of Arts and Sciences. Since 2018, she is a member of the French council of Economic Advisers (CAE). 

She studies the taxation of firms and individuals, as well as how people understand, perceive, and form their attitudes towards public policies. Her work has centered around the long-lasting effects of tax policy – on innovation, education, and wealth. Stefanie has also explored people’s attitudes towards taxation, health care, immigration policies, environmental policies, race, and social mobility using large-scale Social Economics Surveys and Experiments.

Stefanie is the recipient of an NSF Career award, the Elaine Bennett Research Prize in Economics, the Calvo-Armengol international prize in economics, the Maurice Allais Prize in Economics, the Best Young French Economist award, a Sloan Fellowship, and a Carnegie Fellowship. She is co-editor of the Quarterly Journal of Economics.

Research Paper

What happens when firms make repeated innovations and excessive spin-offs?

Professor Hamid Sabourian and Pierre Mella-Barral (TBS Business School) have published new research in the Janeway Institute Working Paper Series and the Cambridge Working Papers in Economics.

The research looks at how firms can voluntarily create independent firms to implement their technologically distant innovations and capture their value through capital markets and argues that when firms repeatedly compete to make innovations, there is inefficient external implementation of innovations and “excessive” creation of such firms.

This inefficiency is most exacerbated in the early stages of an industry, when the number of firms is still limited.


New Climate Change and Biodiversity Reading Group

We're supporting a new Climate Change and Biodiversity Reading Group, organised by Kamiar Mohaddes and attended by a diverse group of people from economics, geography, engineering, business, earth sciences, natural sciences, and history, generating interdisciplinary discussion.