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

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

GEP / CFCM Malaysia Conference 2017

Description
Globalisation and Economic Policy International Conference on: Economic and Financial Integration in Asia and Beyond
Date:
20 January 2017

Events

Andrew Haldane (Bank of England)

Date
03 October 2017 (17:00-18:00)
Description
CFCM public lecture (University Park Campus)

Sir Andrew Dilnot (Chair of the Statistics Authority)

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

John Rishton (former CEO, Rolls-Royce)

Date
30 November 2017 (17:00-18:00)
Description
CFCM public lecture (University Park, room to be confirmed)

You can view details of our previous seminars/events.

Conferences

There are currently no upcoming conferences.

Discussion papers

CFCM 17/02: Welfare benefit reforms and employment

Description
Marta Aloi and co-authors investigate the implications on employment and income of low skilled workers of shifting from unemployment benefits to income subsidies (a flat basic income payment). They show that such a move (increasingly advocated by many) will bring about a net decrease in employment levels and a higher tax burden for the employed low skilled workers.

CFCM 17/01: Portfolio Sales and Signaling

Description
Spiros Bougheas and Tim Worrall analyse optimal selling strategies for portfolios of assets when retention is used as a signal of quality.

CFCM 16/06: Volatility spillovers across European stock markets around the Brexit referendum

Description
Hong Li, Shamim Ahmed and Thanaset Chevapatrakul

 

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

telephone: +44 (0)115 951 5620