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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: Alan M. Taylor (Columbia) to deliver keynote speech

Alan M Taylor

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

Alan M. Taylor is an economist and a Professor at Columbia University.

'He read mathematics at King’s College, Cambridge, and received his Ph.D. in economics from Harvard University. His research spans several areas including international economics, macroeconomics, finance, growth, development, and economic history.

He holds appointments as a Research Associate of the National Bureau of Economic Research in Cambridge, Massachusetts, and a Research Fellow of the Center for Economic Policy Research in London. In 2004 he was awarded a John Simon Guggenheim Memorial Fellowship. In 2009–10 he was named a Houblon-Norman/George Fellow at the Bank of England.

His publications include numerous articles in economics journals, essays on policy and commentary, edited volumes and the books Global Capital Markets: Integration, Crisis and Growth published by Cambridge University Press (with Maurice Obstfeld), and Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880–1935 published by The University of Chicago Press (with Gerardo della Paolera).

He has been a visitor/consultant/speaker at many public sector organizations including various Federal Reserve Banks, the IMF, World Bank, IDB, BIS, ECB, and the central banks of the UK, India, China, France, Netherlands, Italy, Switzerland, Austria, Korea, Croatia, Peru, Israel, and Argentina. In the private sector he has served as a Senior Advisor at Morgan Stanley and at PIMCO and has been a visitor/consultant/speaker at various asset managers.' 

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.