POID

CEP discussion paper

The equilibrium impact of credit frictions: evidence from default risk using firm-level data

This paper examines the impact of credit frictions arising from firm-level default risk on aggregate economic performance. We build a micro-to-macro model with heterogeneous firms and sector-specific production functions...Read more...

POID Working Paper

The Equilibrium Impact of Credit Frictions: Evidence from default risk using firm-level data

This paper examines the impact of credit frictions arising from firm-level default risk on aggregate economic performance. We build a micro-to-macro model with heterogeneous firms and sector-specific production functions...Read more...

CEP occasional paper

UK national productivity trends: getting the data right

We compare standard productivity estimates of UK output per worker derived from the Labour Force Survey (LFS) with newly released estimates based on more reliable "Real Time Information" (RTI) administrative data. LFS-ba...Read more...

Blog

Polytechnique Insights:

Europe is falling behind, can it pick up the pace when it comes to innovation?

Philippe Aghion writes for Polytechnique Insights on how Europe must prepare its own AI strategy if it wishes to make up ground lost to the U.S. in terms of GDP per capita, productivity and disruptive innovations....Read more...

Blog

VoxEU:

When trust in official statistics declines

Trust in official economic statistics has become an increasingly salient policy issue, including in the US where the Commissioner of the Bureau of Labor Statistics was dismissed in August 2025 amid allegations that agenc...Read more...

Blog

VoxTalk (podcast):

Making Defence Spending Pay

Defence spending is rising whether voters like it or not. The UK has committed to 2.5% of national income and aims for nearer 3.5% over the next decade, GBP30bn a year for each percentage point. What does the country get...Read more...

Blog

Working Knowledge - Harvard Business School:

Want Workers to Reskill? Show Them Who They Can Become

New career in IT or construction? It's not easy to get workers to reskill because jobs for many people are more than a paycheck, says research by Raffaella Sadun....Read more...

Journal article

Management Science:

How do chief executive officers make strategy?

We survey 262 chief executive officer (CEO) alumni of Harvard Business School and gather evidence on three aspects of each executive’s strategy practice: how formalized it is, how it is developed, and how it is implement...Read more...

Blog

Project Syndicate:

The Mismeasurement of Europe's Productivity

The Nobel laureate economist Paul Krugman uses the wrong metric - purchasing power parity - to make the case that Europe is not lagging far behind the US in terms of productivity. The right metric shows that the gap is g...Read more...

Blog

LSE British Politics:

A more productive economy is being delivered under this Labour government

The Labour government set raising economic growth as its central target while in power. The new figures published by the Office for National Statistics suggest that the economy is doing a lot better than expected. John V...Read more...

CEP report

Catalysing climate resilience

The UK is experiencing increasing impacts from climate change, including more frequent and severe floods, heatwaves and storms. It needs to prepare more for these impacts. It also needs to honour its pledge to support cl...Read more...

Blog

VoxEU:

How UK firms are responding to the war in Iran: Early evidence from the Decision Maker Panel

The conflict in the Middle East has pushed energy prices sharply higher, but the implications for UK inflation will depend on the scale and duration of the shock as well as its propagation through firms' costs, prices, m...Read more...

Blog

Federal Reserve Bank of Atlanta:

How Much Are Firms Spending on AI (and What Will Happen to Headcounts)?

Nicholas Bloom and his co-authors investigate AI adoption in firms to understand how much companies are spending on AI and what the impact will be on the composition of their workforces....Read more...

Blog

Transform work:

Transform work with Raffaella Sadun, Professor of Business Administration at Harvard Business School (podcast)

Raffaella's work sits at the intersection of economics, leadership, and the future of work. Drawing on large-scale data and real-world field experiments inside major companies, she explores how hybrid work is reshaping l...Read more...

Blog

LSE United States Politics and Policy:

Polarization is not a myth: it is reflected in the creation and spread of new technologies

Can work be separated from politics? As the United States becomes increasingly politically polarised, Gaia Dossi and Marta Morando find that inventors split along party lines with Democrat-affiliated inventors more likel...Read more...

Blog

Vox EU:

Remote work can blunt the fertility decline

Fertility has fallen to very low levels in many advanced economies, and many pro-natalist policies appear to deliver only modest gains at a high cost. Using survey data from 38 countries, this article shows that both pla...Read more...

Blog

Vox EU:

Measuring national technological trajectories using 200 years of international patent data

Innovation underpins sustained long-run economic growth, yet measuring technological success is challenging. This column compiles two centuries of patent data and leverages filings in multiple patent offices to document ...Read more...

POID Working Paper

Spillovers from science

Quantifying spillovers from scientific knowledge to technology is important for understanding the social returns to science and for designing policy. A key challenge is how to credit scientific work with the value genera...Read more...

Blog

LSE Business Review:

Everything you thought you knew about local markets is wrong

In retail markets, competition among firms happens "locally". But what is the right way to define the local geographic market? Using a natural experiment involving petrol stations on Greek islands and in Athens, Christos...Read more...

Blog

VoxEU:

Firms predict an AI productivity boom is coming

Comparable international survey data on artificial intelligence adoption by firms is still lacking. This column surveys over 5,000 CFOs, CEOs, and executives from stratified firm samples across the US, UK, Germany and Au...Read more...

Blog

VoxEU:

Ray of hope? The rise of solar energy in China

China's solar industry is a poster child for the country’s economic rise over the last four decades. The output of Chinese solar grew by 76% annually between 2004 and 2013, and by 2019 Chinese firms accounted for 63% o...Read more...

Journal article

Journal of Policy Modeling:

Social policy gone bad educationally: Unintended peer effects from transferred students

What is the impact of an increase of lower-ability students in a university class? We examine a natural experiment in which students from large, low-income families had the chance to transfer to academic programs at a lo...Read more...

Blog

VoxDev:

Is quality upgrading in agriculture a path to poverty reduction?

Under standard conditions in the Colombian coffee sector, the benefits of producing better coffee are not passed on to farmers, weakening their incentives to invest in higher-quality production. However, when a large int...Read more...

Blog

Stanford Institute for Economic Policy Research (SIEPR):

Econ To Go | How remote work is redefining our lives

How has remote work changed the way we live and work? And what's here to stay? In the first episode of Econ To Go, Neale Mahoney sits down with Stanford economist Nick Bloom, one of the world's leading experts on work-...Read more...

POID Working Paper

Firm data on AI

We present the first representative international data on firm-level AI use. We survey almost 6000 CFOs, CEOs and executives from stratified firm samples across the US, UK, Germany and Australia. We find four key facts. ...Read more...