Publications

CEP discussion paper

Firm-level technology adoption in times of crisis

We investigate the diffusion of frontier technologies across German firms be-fore and during the Covid-19 crisis. Our analysis tracks the nature, timing, and pandemic-related motivations behind technology investments, us...Read more...

Blog

LSE Business Review:

How the Trump tariffs affect UK firms

How should UK exporters react to the tariffs imposed by President Trump? Some manufacturers may decide to increase production in the US, but those with loyal US consumers who are relatively insensitive to price changes m...Read more...

Blog

LSE Politics and Policy:

AI for Good - impact through ethical technology

Artificial Intelligence is set to change our lives, but there are many doubts about whether this will be for the better. By looking at a case of non-surveillance application of AI used to help with crowd management, Tom ...Read more...

CEP occasional paper

The C-WELLBY: Towards a Universal Measure of Children's Wellbeing for Policy Analysis

There is a pressing need for a universal measure of children's wellbeing, parallel to the WELLBY, for use in cost-benefit analysis. Currently, there is no consensus on how to value the wellbeing of children, raising conc...Read more...

Blog

LSE Politics and Policy:

Do Trump's tariffs signal the end of globalisation?

In this second instalment of his interview with Alexis Papazoglou, Thomas Sampson highlights the many uncertainties the future of global trade faces and argues that the biggest policy question for countries around the wo...Read more...

Blog

Imperial College Business School:

How protectionism risks undermining the US economy

Donald Trump's announcement of wide-ranging tariffs has threatened to upend the rules of global trade that have been in place for decades, impacting supply chains and businesses across the world. The US President's pla...Read more...

CEP discussion paper

Youth crime and delinquency in and out of school

This paper combines ten years of idiosyncratic variation in school closure dates for all secondary schools in England with administrative records of educational and criminal trajectories linked at the individual level to...Read more...

Blog

LSE Politics and Policy:

How will US tariffs affect the UK economy?

In this interview with Alexis Papazoglou, Thomas Sampson explains what the US tariffs mean for the UK economy and answers questions on the effects of Brexit on the UK's ability to negotiate the tariffs, as well as on wha...Read more...

CEP discussion paper

Firm dynamics and growth with soft budget constraints

We develop a model of endogenous growth and firm dynamics with soft budget constraints, where firms differ in their innovation speed and slower firms need additional financing in order to eventually innovate. As creditor...Read more...

Blog

What works centre for local economic growth:

Recommendations for the evaluation of local growth policies

Rigorous evaluation improves our understanding of the effectiveness of local economic policies. Robust evaluation can be challenging but can answer many questions and lead to a more nuanced understanding. By learning fro...Read more...

Blog

LSE:

How crowd crush prevention technology could keep us safe at events (video)

In this film, we explore how cutting-edge artificial intelligence is being developed to assist event security and police forces in managing public safety at large-scale gatherings. We speak with Professor Tom Kirchmaier ...Read more...

Blog

Economics Observatory:

Liberation day

Last week's announcement of sweeping US tariffs will have a big impact on global trade. The method used to calculate the tax rates to be charged on imports from individual countries has surprised economists. For the UK, ...Read more...

CEP discussion paper

Teaching happiness (economics) in your dismal-science courses

This paper discusses ideas for incorporating the study of happiness and other measures of self-reported or subjective well-being (SWB) into undergraduate economics courses. We begin by motivating why students of economic...Read more...

Blog

Vox EU:

Deep integration and trade: UK firms in the wake of Brexit

How does dismantling deep integration affect international trade? This column uses firm-level customs data to study the impact of Brexit on UK goods trade. The authors find that in the short term, exit from the Single Ma...Read more...

Blog

LSE Politics and Policy:

How emigration shapes the diffusion of new technologies

A central driver of economic growth is new technology. Gaia Dossi and Davide Coluccia show how migrants from Britain to the US in the late 19th and early 20th century not only brought new ideas with them but helped US in...Read more...

Blog

Bank Underground:

Forbearance lending as a crisis management tool

The Bank of England Agenda for Research (BEAR) sets the key areas for new research at the Bank over the coming years. This post is an example of issues considered under the Prudential Architecture Theme which focuses on ...Read more...

Blog

Vox EU:

Inflation on Wall Street versus Main Street

Since 2021, developed countries have experienced a significant inflation episode. This column uses Decision Maker Panel data from UK CEOs and CFOs to study firms' inflation perceptions and expectations around monthly off...Read more...

CEP report

Innovation through crises in the 2020s: survey evidence on digital, AI and net zero innovation in UK firms

In this policy brief, we present new data from a survey of 373 UK firms conducted in May 2024 in partnership with the Confederation of British Industry (CBI). This is a follow-up to our two earlier surveys which revealed...Read more...

CEP discussion paper

Immigration demand, supply and sectoral heterogeneity in the UK labour market

Should immigration be regarded as an exogenous shock? If so, what is its effect on native wages? Might any effect differ across different sectors of the economy? In this paper we answer these questions by applying macroe...Read more...

Journal article

The Economic Journal: Forthcoming

Employer Screening and Optimal Unemployment Insurance

Field experiments show that employers are less likely to consider long-term unemployed job-seekers for interviews. We study the implications for optimal unemployment insurance (UI). Based on a structural model of job sea...Read more...

Blog

Vox EU:

Living wages and government contracts

Living wages are an increasingly common policy tool for reducing poverty and improving the living standards of low-income workers. But until recently, there has been little evidence on how living wage clauses effect the ...Read more...

Blog

The ECB Blog:

AI can boost productivity - if firms use it

We constantly hear of exciting new ways AI tools can help to tackle economic problems and the productivity gains they bring. However, benefits can only materialize when firms actually use AI....Read more...

Blog

LSE Politics and Policy:

Better unemployment benefits could boost productivity and growth

The UK's job seeker's allowance for those who lose their job is much lower than the OECD average. Aadya Bahl argues that improving unemployment support is key not just for protecting workers but also for unlocking econom...Read more...

CEP discussion paper

Trade with nominal rigidities: Understanding the unemployment and welfare effects of the China shock

We present a dynamic quantitative trade and migration model that incorporates downward nominal wage rigidities and show how this framework can generate changes in unemployment and labor participation that match those unc...Read more...

Journal article

Review of Income and Wealth : Forthcoming

What makes a satisfying life? Prediction and interpretation with machine-learning algorithms

Machine Learning (ML) methods are increasingly being used across a variety of fields and have led to the discovery of intricate relationships between variables. We here apply ML methods to predict and interpret life sati...Read more...