Centre for Finance, Credit and Macroeconomics (CFCM)

Welcome to CFCM

CFCM is a research centre focusing on financial markets, macro-economic cycles, consumer and corporate credit, based in The University of Nottingham School of Economics.

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). 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.



These are images from our public lecture programme. Forthcoming lecture details are available at conferences and public lectures.



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

NSE Economist Advises HMT and DWP on 'Life Chances'

Nottingham School of Economics economist Dr John Gathergood is to advise the Government on the upcoming 'Life Chances' policy program.
26 May 2016

Martin Weale talks about unconventional monetary policy

Part of the CFCM public lectures programme
09 March 2016

Finding a framework for financial literacy

John Gathergood talks to Investment Adviser
04 January 2016

CFCM Public Lectures

Details of public lectures confirmed for the academic year 2015 to 2016
18 August 2015

CFCM contributes to BIS research into bank lending rates

Director Paul Mizen has been engaged in a Bank for International Settlements project into the rate setting behaviour of banks in Europe.
24 February 2015



Sir Andrew Dilnot (Chair of the Statistics Authority)

17 October 2017 (17:00-18:00)
CFCM public lecture (University Park, room to be confirmed)

You can view details of our previous seminars/events.


Uncertainty, Volatility and Monetary Policy Conference

08 March 2016 (10:00-18:30)
CFCM conference co-funded by School of Economics of the University of Nottingham.

9th Globalisation and Economic Policy International Conference on Asian Economic Integration and Development

17 (09:00) - 18 February 2016 (17:00)
Hosted by GEP and CFCM at Nottingham Malaysia Campus


Discussion Papers




Centre for Finance, Credit and Macroeconomics

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

telephone: +44 (0)115 951 5620
fax: +44 (0)115 951 4159
email: economics-enquiries@nottingham.ac.uk