Jagjit Chadha is a Fellow of the European Area Business Cycle Network, Fellow of the European Monetary Forum and an Associate of the Centre for International Macroeconomics and Finance at Cambridge University.

Jagjit has advised the Treasury Committee on Monetary Policy and currently serves on the Advisory Board of the Royal Institute of Chartered Surveyors and on the Committee of the ESRC-funded Money, Macro Finance Group.

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Current work

Working papers

• "On the Determinacy of Monetary Policy under Expectational Errors", CDMA Working Paper Series, Centre for Dynamic Macroeconomic Analysis
• "Macroeconomic Models and the Yield Curve", Computing in Economics and Finance 2006, Society for Computational Economics
• "Macroeconomic Models and the Yield Curve: An assessment of the Fit" Cambridge Working Papers in Economics, Faculty of Economics (formerly DAE), University of Cambridge
• "Sunspots and Monetary Policy" Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University
• "Can New Open Economy Macroeconomic Models Explain Business Cycle Facts?" Computing in Economics and Finance 2004, Society for Computational Economics
• "Monetary Policy Rules, Asset Prices and Exchange Rates" CDMA Working Paper Series, Centre for Dynamic Macroeconomic Analysis
• "On the Interaction of Monetary and Fiscal Policy", Cambridge Working Papers in Economics, Faculty of Economics (formerly DAE), University of Cambridge
• "The Channels of Monetary Policy: Evidence from Firm Level data in the US and the UK,", Computing in Economics and Finance 2002, Society for Computational Economics
• "Productivity and Preferences in a Small Open Economy", Cambridge Working Papers in Economics, Faculty of Economics (formerly DAE), University of Cambridge
• "Supply Shocks and the ‘Natural Rate of Interest': an Exploration", Cambridge Working Papers in Economics, Faculty of Economics (formerly DAE), University of Cambridge
• "An Examination of UK Business Cycle Fluctuations: 1871-1997", Cambridge Working Papers in Economics, Faculty of Economics (formerly DAE), University of Cambridge
• "Monetary Policy Loss Functions: Two Cheers for the Quadratic", Cambridge Working Papers in Economics, Faculty of Economics (formerly DAE), University of Cambridge
• "The Optimum Currency Area Case for EMU: A Structural VAR Approach", Discussion Paper Series In Economics And Econometrics, University of Southampton, Economics Division, School of Social Sciences
• "Utility Functions For Central Bankers: The Not So Drastic Quadratic", FMG Discussion Papers, Financial Markets Group

Publications

Articles

• “Money, Prices and Liquidity Effects: Separating Demand from Supply”, forthcoming in the Journal of Economics, Dynamics and Control. http://econpapers.repec.org/paper/ukcukcedp/0817.htm
• “Macroeconomic Models and the Yield Curve: An assessment of the Fit” forthcoming the Journal of Economics, Dynamics and Control. http://econpapers.repec.org/paper/camcamdae/0640.htm “Productivity, Preferences and UIP Deviations in an Open Economy Business Cycle Model” forthcoming in the Open Economies Review. http://econpapers.repec.org/paper/ukcukcedp/0808.htm
• “Monetary Policy Analysis: An Undergraduate Toolkit” in Macroeconomic Theory and Macroeconomic Pedagogy, Edited by Giuseppe Fontana and Mark Setterfield, Palgrave Macmillan. http://econpapers.repec.org/paper/ukcukcedp/0815.htm
• “Labour Market Search and Monetary Shocks: A Theoretical Consideration”, in Unemployment: Past and Present, Edited by Philip Arestis and John McCombie, Palgrave Macmillan
• "Independence day for the ‘Old Lady’: A Natural Experiment on the Implications of Central Bank Independence", Manchester School, 2007, 75, (3), 311-327.
• "Optimal simple rules for the conduct of monetary and fiscal policy", Journal of Macroeconomics, 2007, 29, (4), 665-2004
• "Interest rate bounds and fiscal policy", Economics Letters, 2004, 84, (1), 9-15
• Output, Inflation and the New Keynesian Phillips Curve International Review of Applied Economics, 2004, 18, (3), 271-287
• "Policy Rules-the Next Steps"Scottish Journal of Political Economy Special Issue, Scottish Journal of Political Economy, 2003, 50, (5), i-iii
• "Investigating Excess Returns from Nominal Bonds", Oxford Bulletin of Economics and Statistics, 2003, 65, (1), 73-90
• "Inflation and Price Level Targeting in a New Keynesian Model", Manchester School, 2002, 70, (4), 570-95
• "Short- and Long-Run Price Level Uncertainty under Different Monetary Policy Regimes: An International Comparison", Oxford Bulletin of Economics and Statistics, 2002, 64, (3), 187-216
• "Inflation Targeting, Transparency and Interest Rate Volatility: Ditching Monetary Mystique in the U.K", Journal of Macroeconomics, 2001, 23, (3), 349-366
• "Productivity and Preferences in a Small Open Economy", Manchester School, 2001, 69, 57-80
• "A Long View of Real Rates", Oxford Review of Economic Policy, 1999, 15, (2), 17-45
• "Shoe-Leather Costs Reconsidered", Economic Journal, 1998, 108, (447), 363-82
• "The information content of 3-month Sterling futures", Economics Letters, 1998, 61, (2), 209-214

Books

• "Dynamic Macroeconomic Analysis. Theory and Policy in General Equilibrium", Edited by: Sumru Altug, Koç University, Istanbul; Jagjit S. Chadha, University of Cambridge; Charles Nolan,University of Durham

 

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Research

Research interests

Jagjit research interests lie in quantitative business cycle theory and financial economics - his enquires are guided by the need to understand the causes of business cycle fluctuations. The consequent need to develop appropriate stabilisation policy (or rules) is a supplementary interest. My RePEc page is http://econpapers.repec.org/RAS/pch64.htm

 

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Teaching

Undergraduate

• EC534 Financial Analysis
• EC562 Economics of Finance

Postgraduate

• EC822 Financial Economics I

 

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Consultation hours:

Mon 14:30-15:30; Wed 14:30-15:30

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PhD supervision

Current students

• Mr Jack Meaning:
• Mr Alex Waters: Capital Markets and Financial Assets
• Mr Eddie Gerba: Essays on Financial Intermediation and Financial Stability
• Mr Evren Caglar: DSGE Model Evaluation
• Mr James Warren: Empirical Business Cycle Models

 

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Administration roles

• Editor of School Discussion Paper Series
• GES Summer School Coordinator

 

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MacroBlog

Welcome to the gateway to my comments on the economy.

I will try to write frequently on these matters form the perspective of an academic economist, albeit one with both City and policy-making experience.

Comments are more than welcome and I hope that these notes will further our collective understanding of recent and ongoing economic developments.

http://calibrecon.blogspot.com/

 

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