Professor Vasco Carvalho

Professor of Macroeconomics at Faculty of Economics, University of Cambridge


Vasco M. Carvalho is a Professor of Macroeconomics at the University of Cambridge. He holds a PhD from the University of Chicago and was previously on the faculty at CREi in Barcelona. Professor Carvalho is a Research Associate at CEPR, a Turing Fellow at the UK's Alan Turing Institute for Data Science and Artificial Intelligence, the current Director of the Cambridge-INET Institute and a Fellow of Jesus College, Cambridge. Professor Carvalho's research interests are in macroeconomics and networks in economics, with a particular emphasis on production networks. His work has been awarded the British Academy Wiley Prize, the Leverhulme Prize and two European Research Council Grants.

Professor Carvalho's research focuses on the origins of business cycles. His research has shown how the organization of production around supply-chain networks exposes the aggregate economy to disruptions in critical nodes along these chains. Ongoing research seeks to further our understanding of how production networks affect macroeconomic outcomes by (i) providing empirical evidence on both the mechanisms and impact of such supply chain disruptions; (ii) analysing the dynamics of supply-chain formation and input diffusion; (iii) showing how production networks affect the size and direction of innovation and long-run growth.