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Kamiar Mohaddes

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Kamiar Mohaddes.

University Senior Lecturer in Economics & Policy

BSc (University of Warwick), MPhil, PhD (University of Cambridge)

Research interests

Macroeconomics; global and national macroeconometric modelling; energy economics; climate change.

Subject group: Economics & Policy

Professional experience

Kamiar is an Economic Research Forum (ERF) Research Fellow, and serves as its Thematic Co-Leader for the macroeconomics theme. He is also an Associate Researcher at the Energy Policy Research Group (EPRG) at the University of Cambridge, an Associate Fellow of the USC Dornsife Institute for New Economic Thinking, a Research Associate at the Globalization and Monetary Policy Institute at the Federal Reserve Bank of Dallas, and a Research Associate at the Centre for Applied Macroeconomic Analysis at ANU in Australia.

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, 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, Reuters, The Wall Street Journal, and the Washington Post.

He is currently a Departmental Special Advisor at the Bank of Canada, a consultant at the United Nations ESCWA, and has been a regular visiting scholar at the International Monetary Fund. 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.

Previous appointments

Dr Kamiar Mohaddes was previously a Janeway Fellow in Economics at the Faculty of Economics, University of Cambridge.

Selected publications

Here are a selection of Kamiar Mohaddes' publications. Please see the "Selected publications" tab above for a more comprehensive list.

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)

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)

Cavalcanti, T.V.D.V., Mohaddes, K. and Raissi, M. (2015) "Commodity price volatility and the sources of growth." Journal of Applied Econometrics, 30(6): 857-873 (DOI: 10.1002/jae.2407)

Journal articles

Cavalcanti, T.V.D.V., Mohaddes, K. and Raissi, M. (2011) "Does oil abundance harm growth?" Applied Economics Letters, 18(12): 1181-1184 (DOI: 10.1080/13504851.2010.528356)

Cavalcanti, T.V.D.V., Mohaddes, K. and Raissi, M. (2011) "Growth, development and natural resources: New evidence using a heterogeneous panel analysis." Quarterly Review of Economics and Finance, 51(4): 305-318 (DOI: 10.1016/j.qref.2011.07.007)

Mohaddes, K. (2013) "Econometric modelling of world oil supplies: terminal price and the time to depletion." OPEC Energy Review, 37(2): 162-193 (DOI: 10.1111/opec.12012)

Esfahani, H.S., Mohaddes, K. and Pesaran, H. (2013) "Oil exports and the Iranian economy." Quarterly Review of Economics and Finance, 53(3): 221-237 (DOI: 10.1016/j.qref.2012.07.001)

Mohaddes, K. and Raissi, M. (2013) "Oil prices, external income, and growth: lessons from Jordan." Review of Middle East Economics and Finance, 9(2): 99-131 (DOI: 10.1515/rmeef-2012-0011)

Mohaddes, K. and Williams, O.H. (2014) "Inflation differentials in the GCC." Middle East Development Journal, 5(2): 1350012-1-1350012-23 (DOI: 10.1142/S1793812013500120)

Cashin, P., Mohaddes, K., Raissi, M. and Raissi, M. (2014) "The differential effects of oil demand and supply shocks on the global economy." Energy Economics, 44: 113-134 (DOI: 10.1016/j.eneco.2014.03.014)

Esfahani, H.S., Mohaddes, K. and Pesaran, M.H. (2014) "An empirical growth model for major oil exporters." Journal of Applied Econometrics, 29(1): 1-21 (DOI: 10.1002/jae.2294)

Cavalcanti, T.V.D.V., Mohaddes, K. and Raissi, M. (2015) "Commodity price volatility and the sources of growth." Journal of Applied Econometrics, 30(6): 857-873 (DOI: 10.1002/jae.2407)

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)

Cashin, P., Mohaddes, K. and Raissi, M. (2016) "El Niño: good boy or bad?" Finance and Development, 53(1): 30-33

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, H.M. (2017) "Oil prices and the global economy: is it different this time around?" Energy Economics, 65: 315-325 (DOI: 10.1016/j.eneco.2017.05.011)

Cashin, P., Mohaddes, K. and Raissi, M. (2017) "China's slowdown and global financial market volatility: is world growth losing out?"  Emerging Markets Review, 31: 164-175 (DOI: 10.1016/j.ememar.2017.05.001)

Mohaddes, K., Raissi, M. and Weber, A. (2017) "Can Italy grow out of its NPL overhang? A panel threshold analysis." Economics Letters, 159: 185-189 (DOI: 10.1016/j.econlet.2017.08.001)

Mohaddes, K. and Raissi, M. (2017) "Do sovereign wealth funds dampen the negative effects of commodity price volatility?" Journal of Commodity Markets, 8: 18-27 (DOI: 10.1016/j.jcomm.2017.08.004)

Burney, N.A., Mohaddes, K., Alawadhi, A. and Al-Musallam, M. (2018) "The dynamics and determinants of Kuwait's long-run economic growth." Economic Modelling, 71: 289-304 (DOI: 10.1016/j.econmod.2017.12.018)

Chudik, A., Mohaddes, K., Pesaran, H.M. and Raissi, M. (2018) "Rising public debt to GDP can harm economic growth." Economic Letter (Federal Reserve Bank of Dallas), 13(3): 1-4

Alawadhi, A., Mohaddes, K., Burney, N.A. and Al-Khayat, A. (2018) "Kuwait's macroeconomic performance in the global context." Arab Journal of Administrative Sciences, 25(1): 93-119

Jarrett, U., Mohaddes, K. and Mohtadi, H. (2019) "Oil price volatility, financial institutions, and economic growth." Energy Policy, 126: 131-144 (DOI: 10.1016/j.enpol.2018.10.068)

Mohaddes, K. and Raissi, M. (2019) "The US oil supply revolution and the global economy." Empirical Economics (DOI: 10.1007/s00181-018-1505-9) (forthcoming)

Books, monographs, reports & case studies

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

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

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

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)

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)

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) "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)

Working papers

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.

Leong, W. and Mohaddes, K. (2011) "Institutions and the volatility curse." Cambridge Working Papers in Economics No.1145. 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.

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.

Oil & economics

New book co-edited by Dr Kamiar Mohaddes of Cambridge Judge Business School says stronger institutions can help oil-rich Arab countries avoid the …

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World Economic Forum: A ‘green interest rate?’ Fed digs into climate change economics

A study by Dr Kamiar Mohaddes, University Senior Lecturer in Economics & Policy at Cambridge Judge, is featured in a WEF article …

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Scientific American: Warming will cost rich and poor countries alike

Further coverage of a study by Dr Kamiar Mohaddes, University Senior Lecturer in Economics & Policy at Cambridge Judge Business School, shows …

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World Economic Forum: Climate change will shrink these economies fastest

According to a report co-authored by Dr Kamiar Mohaddes, University Senior Lecturer in Economics & Policy at Cambridge Judge, seven per cent …

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The Telegraph: What does the oil price surge mean for the UK economy?

A study co-authored by Dr Kamiar Mohaddes, University Senior Lecturer in Economics & Policy at Cambridge Judge Business School, is featured in …

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The Nation: The green new deal is cheaper than climate change

A new joint study on economic losses associated with climate change suggests that seven per cent of global GDP will disappear by 2100 …

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Contact details

Kamiar Mohaddes
Cambridge Judge Business School
University of Cambridge
Trumpington Street
Cambridge CB2 1AG
UK

Tel: +44 (0)1223 766933

km418@cam.ac.uk

Visit Kamiar's website