Associate Professor in Economics and Policy
Deputy Director of the Cambridge Executive MBA Programme
Fellow and Co-Director of the King’s Entrepreneurship Lab at King’s College
BSc (University of Warwick), MPhil, PhD (University of Cambridge)
My research interests include climate change, economics of the Middle East, energy economics and applied macroeconomics.
My articles have been published in a number of edited volumes as well as in leading journals, and have been covered in major international news outlets. I’m among the top 1% of authors in IDEAS/RePEc based on last 10 years of publications.
I have worked extensively on issues related to climate change and sustainability with both the public and the private sector and I’m also the Co-Founder and Director of the King’s Entrepreneurship Lab at King’s College and Director of the University of Cambridge climaTRACES Lab.
Professional experience
Kamiar Mohaddes is an expert in the macroeconomics of climate change and sustainability at the University of Cambridge, where he is the Director of the climaTRACES Lab, a new interdisciplinary research initiative at the University of Cambridge focusing on climate, nature and sustainability. He is also the Deputy Director of the Cambridge Executive MBA programme and Fellow in Economics at King’s College, Cambridge, where he co-founded and directs the King’s Entrepreneurship Lab.
In addition to climate change and sustainability, Kamiar’s research covers energy economics, economics of the Middle East, and applied macroeconomics more broadly. He is among the top 1% authors globally in IDEAS/RePEc (based on last 10 years of publications). His articles have been published in a number of edited volumes (Cambridge University Press, Oxford University Press, and Routledge) as well as in leading journals, including the Journal of Applied Econometrics, Journal of International Economics, Management Science, and the Review of Economics and Statistics. His research has also been covered in major international news outlets including the BBC, Bloomberg, The Economist, the Financial Times, the New York Times, Reuters, The Wall Street Journal, and the Washington Post. Kamiar’s work has been cited extensively by policymakers, including by more than 25 members of the United States Congress, the Congressional Budget Office, and the White House. In 2025, Kamiar received the Financial Times Award for Academic Research with Impact.
Kamiar has worked extensively on issues related to climate change and sustainability with both the public (including the United Nations, World Bank, Asian Development Bank, IDB) and the private sector (BCG, BNP Paribas, KPMG and many others). He is a regular visiting scholar at the International Monetary Fund and has previously served as a Departmental Special Advisor at the Bank of Canada. He has worked closely with colleagues at these institutions to, for instance, develop tools to help examine and disentangle the size and speed of the transmission of different global, regional, and national macroeconomic shocks.
Kamiar obtained his PhD in economics from Cambridge as a Bill and Melinda Gates Scholar.
Previous appointments
Dr Kamiar Mohaddes was previously a Janeway Fellow in Economics at the Faculty of Economics, University of Cambridge.
Publications
- Selected publications
- Journal articles
- Books, monographs, reports and case studies
- Book chapters
- Working papers
Selected publications
- Klusak, P., Agarwala, M., Burke, M., Kraemer, M. and Mohaddes, K. (2023) “Rising temperatures, falling ratings: the effect of climate change on sovereign creditworthiness.” Management Science, 69(12): 7468-7491 (DOI: 10.1287/mnsc.2023.4869)
- Kahn, M.E., Mohaddes, K., Ng, R.N.C., Pesaran, M.H., Raissi, M. and Yang, J.-C. (2021) “Long-term macroeconomic effects of climate change: a cross-country analysis.” Energy Economics 104: 105624 (DOI: 10.1016/j.eneco.2021.105624)
- Mohaddes, K., Nugent, J.B. and Selim, H. (2019) Institutions and macroeconomic policies in resource-rich Arab economies. Oxford: Oxford University Press (DOI: 10.1093/oso/9780198822226.001.0001)
- Chudik, A., Mohaddes, K., Pesaran, H.M. and Raissi, M. (2017) “Is there a debt-threshold effect on output growth?” Review of Economics and Statistics, 99(1): 135-150 (DOI: 10.1162/REST_a_00593)
- Cashin, P., Mohaddes, K. and Raissi, M. (2017) “Fair weather or foul? The macroeconomic effects of El Niño.” Journal of International Economics, 106: 37-54 (DOI: 10.1016/j.jinteco.2017.01.010)
- Mohaddes, K. and Pesaran, M.H. (2016) “Country-specific oil supply shocks and the global economy: a counterfactual analysis.” Energy Economics, 59: 382-399 (DOI: 10.1016/j.eneco.2016.08.007)
Journal articles
- Debnath, R., Ebanks, D., Mohaddes, K., Roulet, T. and Alvarez, R.M. (2024) “Do fossil fuel firms reframe online climate and sustainability communication? A data-driven analysis.” npj Climate Action, 2(1): 47 (DOI: 10.1038/s44168-023-00086-x)
- Klusak, P., Agarwala, M., Burke, M., Kraemer, M. and Mohaddes, K. (2023) “Rising temperatures, falling ratings: the effect of climate change on sovereign creditworthiness.” Management Science, 69(12): 7468-7491 (DOI: 10.1287/mnsc.2023.4869)
- Mohaddes, K., Ng, R.N.C., Pesaran, M.H., Raissi, M. and Yang, J.-C. (2023) “Climate change and economic activity: evidence from U.S. states.” Oxford Open Economics, 2: odac010 (DOI: 10.1093/ooec/odac010)
- Debnath, R., Bardhan, R., Shah, D.U., Mohaddes, K., Ramage, M.H., Alvarez, R.M. and Sovacool, B.K. (2022) “Social media enables people-centric climate action in the hard-to-decarbonise building sector.” Scientific Reports, 12: 19017 (DOI: 10.1038/s41598-022-23624-9)
- Mohaddes, K., Raissi, M. and Sarangi, N. (2022) “Macroeconomic effects of global shocks in the GCC: evidence from Saudi Arabia.” Middle East Development Journal, 14(2): 219-239 (DOI: 10.1080/17938120.2022.2144022)
- Chudik, A., Mohaddes, K., Pesaran, H., Raissi, M. and Rebucci, A. (2021) “A counterfactual economic analysis of Covid-19 using a threshold augmented multi-country model.” Journal of International Money and Finance, 119: 102477 (DOI: 10.1016/j.jimonfin.2021.102477)
- Chudik, A., Mohaddes, K. and Raissi, M. (2021) “Covid-19 fiscal support and its effectiveness.” Economics Letters, 205: 109939 (DOI: 10.1016/j.econlet.2021.109939)
- Debnath, R., Bardhan, R., Darby, S., Mohaddes, K., Sunikka-Blank, M., Cristina Villaça Coelho, A. and Isa, A. (2021) “Words against injustices: a deep narrative analysis of energy cultures in poverty of Abuja, Mumbai and Rio de Janeiro.” Energy Research and Social Science, 72: 101892 (DOI: 10.1016/j.erss.2020.101892)
- Flamini, A., Jahanshabi, B. and Mohaddes, K. (2021) “Illegal drugs and public corruption: crack based evidence from California.” European Journal of Political Economy, 69: 102005 (DOI: 10.1016/j.ejpoleco.2021.102005)
- Generoso, R., Couharde, C., Damette, O. and Mohaddes, K. (2021) “The growth effects of El Niño and La Niña: local weather conditions matter.” Annals of Economics and Statistics, 140: 83-126 (DOI: 10.15609/annaeconstat2009.140.0083)
Books, monographs, reports and case studies
- Benayad, A., Hagenauer, A., Holm, L., Jones, E.R., Kämmerer, S., Maher, H., Mohaddes, K., Santamarta, S. and Annika Zawadzki, A. (2025) Too hot to think straight, too cold to panic: landing the economic case for climate action with decision makers. Boston, MA: Boston Consulting Group and the University of Cambridge.
- Mohaddes, K., Nugent, J.B. and Selim, H. (2019) Institutions and macroeconomic policies in resource-rich Arab economies. Oxford: Oxford University Press. (DOI: 10.1093/oso/9780198822226.001.0001)
Book chapters
- Chudik, A., Pesaran, M.H. and Mohaddes, K. (2020) “Identifying global and national output and fiscal policy shocks using a GVAR.” In: Pesaran, M.H., Li, T. and Terrell, D. (eds.) Advances in econometrics: vol.41: essays in honor of Cheng Hsiao. Bingley: Emerald Publishing, pp.143-190
- Chudik, A., Pesaran, M.H. and Mohaddes, K. (2019) “Identifying global and national output and fiscal policy shocks using a GVAR.” In: Pesaran, M.H., Li, T. and Terrell, D. (eds.) Advances in econometrics: vol.41: essays in honor of Cheng Hsiao. Bingley: Emerald Publishing (forthcoming)
- El-Anshasy, A., Mohaddes, K. and Nugent, J.B. (2019) “Oil, volatility and institutions: cross-country evidence from major oil producers.” In: Mohaddes, K., Nugent, J.B. and Selim, H. (eds.) Institutions and macroeconomic policies in resource-rich Arab economies. Oxford: Oxford University Press, pp.52-72 (DOI: 10.1093/oso/9780198822226.003.0003)
- Mohaddes, K., Nugent, J.B. and Selim, H. (2019) “Objectives, issues and findings.” In: Mohaddes, K., Nugent, J.B. and Selim, H. (eds.) Institutions and macroeconomic policies in resource-rich Arab economies. Oxford: Oxford University Press, pp.1-14 (DOI: 10.1093/oso/9780198822226.003.0001)
- Mohaddes, K., Nugent, J.B. and Selim, H. (2019) “Reforming fiscal institutions in resource-rich Arab economies: policy proposals.” In: Mohaddes, K., Nugent, J.B. and Selim, H. (eds.) Institutions and macroeconomic policies in resource-rich Arab economies. Oxford: Oxford University Press, pp.237-271 (DOI: 10.1093/oso/9780198822226.003.0009)
- Cashin, P., Mohaddes, K., Raissi, M., Elbadawi, I. and Selim, H. (2016) “The global impact of the systemic economies and MENA business cycles.” In: Elbadawi, I.A. and Selim, H. (eds.) Understanding and avoiding the oil curse in resource-rich Arab economies. Cambridge: Cambridge University Press, pp.16-43 (DOI: 10.1017/CBO9781316493854.003)
- Chudik, A., Mohaddes, K., Pesaran, H.M. and Raissi, M. (2016) “Long-run effects in large heterogeneous panel data models with cross-sectionally correlated errors.” In: Hill, R.C., Gonzalez-Rivera, G. and Lee, T.-H. (eds.) Advances in econometrics: vol.36: essays in honor of Aman Ullah. Bingley: Emerald Publishing, pp.85-135 (DOI: 10.1108/S0731-905320160000036013)
- Mohaddes, K. and Raissi, M. (2016) “Does inflation slow long-run growth in India?” In: Anand, R. and Cashin, P. (eds.) Taming Indian inflation. Washington, DC: International Monetary Fund, pp.115-129
- Mohaddes, K. and Pesaran, M.H. (2014) “One hundred years of oil income and the iranian economy: a curse or a blessing?” In: Alizadeh, P. and Hakimian, H. (eds.) Iran and the global economy: petro populism, Islam and economic sanctions. London: Routledge, pp.12-45
Working papers
- Kahn, M.E., Mohaddes, K., Ng, R.N.C., Pesaran, M.H., Raissi, M. and Yang, J.-C. (2019) “Long-term macroeconomic effects of climate change: a cross-country analysis.” Cambridge Working Papers in Economics No.1965. Cambridge: University of Cambridge.
- Chudik, A., Mohaddes, K., Pesaran, M.H. and Raissi, M. (2019) “Debt, inflation and growth: robust estimation of long-run effects in dynamic panel data models.” Globalization and Monetary Policy Institute Working Papers No.162. Dallas: Federal Reserve Bank of Dallas.
- Flamini, A., Jahanshahi, B. and Mohaddes, K. (2018) “Illegal drugs and public corruption: crack based evidence from California.” Cambridge Working Papers in Economics No.1847. Cambridge: University of Cambridge.
- Leong, W. and Mohaddes, K. (2011) “Institutions and the volatility curse.” Cambridge Working Papers in Economics No.1145. Cambridge: University of Cambridge.
- Mohaddes, K. (2003) “Researching the graduate labour market: are the younger graduates on a lower growth path for their earnings compared with their older counterparts?” Warwick Institute for Employment Research (IER) Working Papers. Warwick: University of Warwick.
News and insights
ESG and sustainability
Sustainable cities: blueprint for urban climate action
Urban areas are major contributors to climate change but also critical sites for implementing sustainable solutions. Research by Cambridge Judge Business School's Lucia Reisch provides a blueprint for local initiatives to be adopted in cities around the world.
The compelling economic case for investing in climate-change mitigation and adaptation is not broadly understood, says a new report from BCG and the University of Cambridge.
A new summer Incubator programme, SPARK, will help innovative University of Cambridge alumni and students turn their entrepreneurial ideas into action, with a key role played by Dr Kamiar Mohaddes of Cambridge Judge Business School.
Media coverage
Business Weekly | 19 February 2025
New SPARK incubator programme to turn Cambridge vision into venture
“To ignite economic growth, we need to ‘grow up’ our University talent and the next generation of entrepreneurs,” [says] Kamiar Mohaddes, Co-Founder and Director of King’s E-Lab. “The King’s E-Lab, since its inception 3 years ago, is modelling the kind of culture change seen at the likes of MIT and Stanford – where entrepreneurship is in the air.”
Cambridge Network | 18 February 2025
King’s College and Founders at the University of Cambridge launch new SPARK incubator programme to accelerate innovation and entrepreneurs
“We are thrilled to have King’s E-Lab joining forces with Founders at the University of Cambridge to provide this new platform where both students and alumni can dare to dream big,” commented Kamiar Mohaddes, Co-Founder and Director of King’s E-Lab.
Byline Times | 5 December 2024
Bad cops: why the climate crisis keeps getting worse no matter how many conferences world leaders hold
Dr Kamiar Mohaddes, Associate Professor in Economics and Policy at Cambridge Judge Business School, is quoted as saying that failing to act now would “wipe out trillions of dollars of wealth. Hesitating has truly enormous economic implications down the line.”