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

ESRC research grant success

Professor Paul Mizen from the School of Economics has been awarded £1.1million from the ESRC to look into the quality of management practices across UK businesses.
18 January 2019

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

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.
26 October 2017


Public Lecture: Jonathan Haskel (Bank of England)

10 February 2020 (17:00-18:00)
B62 Law and Social Sciences Building
Public lecture (B62, L&SS)

CFCM Seminar: Fabio Ghironi (University of Washington)

06 March 2020 (14:00-15:00)
A40 Sir Clive Granger Building
(A40, SCGB)

CFCM Seminar: Mike Elsby (University of Edinburgh)

12 March 2020 (14:00-15:00)
A39 Sir Clive Granger Building
Firm dynamics, on-the-job search and labour market fluctuations (A39, SCGB)

You can view details of our previous seminars/events.


There are currently no upcoming conferences.

Discussion papers




Centre for Finance, Credit and Macroeconomics

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

+44 (0)115 951 5620