Vasco M. Carvalho is currently Professor of Macroeconomics at the Faculty of Economics of the University of Cambridge. He is also the Director of the Cambridge-INET institute and a Fellow of Jesus College, the Alan Turing Institute and CEPR. Having gained his PhD at the University of Chicago, he was a Junior Researcher at CREI in Barcelona and Affiliated Assistant Professor at University Pompeu Fabra before joining the University of Cambridge in 2013. He was awarded the 2014 Wiley Prize in Economics by the British Academy for "achievement in research by an outstanding early career economist". He was the Principal Investigator of the European Research Council Grant "MacroNets: Production Networks in Macroeconomics" and of a Leverhulme Prize Fellowship.
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.October 22, 2024
Presentation for the Conference on Non-traditional Data, Machine Learning and Natural Language Processing in Macroeconomics hosted by Sveriges Riksbank and jointly organized with the Federal Reserve Board, the Bank of Italy, and the Bank of Canada.
April 16, 2020
We exploit high-frequency/high-resolution transaction data from BBVA to analyse the dynamics of expenditure in Spain during the ongoing COVID-19 pandemic. We find little shift in expenditure prior to the national lockdown, but then immediate, very large, and sustained expenditure reductions thereafter.
April 15, 2020
This publication details the evolution of purchases made with BBVA’s credit and debit cards, as well as those recorded in BBVA's point of sale (POS) terminals. Since March 20th, the fall in weekly card spending has stabilized at around -60% YoY, despite the upturn in food purchases to 65% YoY.
