Centre for Finance, Credit and Macroeconomics (CFCM)
   
   
  

Welcome to CFCM

The Centre for Finance, Credit and Macroeconomics (CFCM) is a research centre focusing on financial markets, macro-economic cycles, consumer and corporate credit, based in the School of Economics at The University of Nottingham.

CFCM receives external funding from the UK government (BERR), research councils (ESRC), the private sector (Experian, Fitch Ratings) and charities (Nuffield Foundation, the British Academy).

Centre for Finance, Credit and Macroeconomics
 

CFCM research focuses on the operation of financial markets, monetary policy, household and corporate finance and macro-economic dynamics. The centre specialises in the analysis of high frequency data from markets, households and firms to understand indebtedness and financial distress.

The centre also investigates the transmission mechanisms of monetary policy through credit channels, exploring the behaviour of corporations and households when credit is constrained, and the effect of credit on house prices and business cycles.

CFCM has formed close research links with a number of similar research institutions (Institute for Fiscal Studies, EUI Finance and Consumption) and central banks (Bank of England, European Central Bank, Federal Reserve).

Latest news

Statistics expert Sir Andrew Dilnot encourages staff and students to question data

Description
Sir Andrew Dilnot, who presents BBC Radio 4's programme about statistics, More or Less, spoke about the accuracy of data in a public lecture entitled, Numbers and public policy: why data really matters.
Date:
26 October 2017

The role of macro-prudential policies in the prevention and correction of asset imbalances in the Euro Area

Description
New briefing paper by Professor Margarita Rubio
Date:
31 May 2017

Outstanding impact in public policy

Description
NSE economist Dr John Gathergood is shortlisted for the 2017 ESRC Celebrating Impact Prize for Outstanding Impact in Public Policy.
Date:
20 April 2017

New Bank of England Decision Maker Panel established

Description
Paul Mizen and Nicholas Bloom (Stanford University) are working with the Bank of England and HM Treasury to create a new Decision Maker Panel to collect information on how business conditions are changing in these times of substantial UK and international economic uncertainty.
Date:
02 February 2017

Events

CFCM Seminar: Alessia De Stefani (Danmarks Nationalbank)

Date
22 February 2018 (14:00-15:00)
Location:
A3 Law and Social Sciences Building
Description
Waves of optimism: House price history, biased expectations and credit cycles (A3, L&SS)

CFCM Seminar Michael Ehrmann (ECB)

Date
08 March 2018 (14:00-15:00)
Location:
A2 Law and Social Sciences
Description
Starting from a blank page? Semantic similarity in central bank communication and market volatility (A2, L&SS)

Vicky Pryce (CEBR)

Date
20 March 2018 (17:00-18:00)
Location:
B62 Law and Social Sciences Building
Description
CFCM public lecture (B62, L&SS)

You can view details of our previous seminars/events.

Conferences

There are currently no upcoming conferences.

Discussion papers

CFCM 17/08: Contagion in stable networks

Description
Spiros Bougheas

CFCM 17/07: Currency risk in corporate bond spreads in the Eurozone

Description
Michael Bleaney and Veronica Veleanu

CFCM 17/06: Does rental housing market stabilize the economy? A micro and macro perspective.

Description
In this paper, Michal Rubaszek and Margarita Rubio conduct an original survey among a representative group of 1005 Poles to dig into the causes of rental market underdevelopment and design appropriate policy recommendations.

 

Governance and Public Policy

The centre is part of the University's Governance and Public Policy Research Priority Area.

 

 

Centre for Finance, Credit and Macroeconomics

Sir Clive Granger Building
University of Nottingham
University Park
Nottingham, NG7 2RD

+44 (0)115 951 5620