CEP Discussion Paper
Trade Shocks and Credit Reallocation
Stefano Federico, Fadi Hassan and Veronica Rappoport
September 2019
Paper No' CEPDP1649:
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Tags: trade liberalisation; china shock; bank credit; resource reallocation; gains from trade

CEP Discussion Paper
Does Light Touch Cluster Policy Work? Evaluating the Tech City Programme
Max Nathan
August 2019
Paper No' CEPDP1648:
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Tags: cities; clusters; technology; economic development; synthetic controls

CEP Discussion Paper
Inequalities in Student to Course Match: Evidence from Linked Administrative Data
Stuart Campbell, Lindsey Macmillan, Richard Murphy and Gill Wyness August 2019
Paper No' CEPDP1647:
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Tags: higher education; educational economics; college choice; mismatch; undermatch

CEP Discussion Paper
Does E-Commerce Reduce Traffic Congestion? Evidence from Alibaba Single Day Shopping Event
Cong Peng
August 2019
Paper No' CEPDP1646:
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Tags: e-commerce; traffic congestion; heterogeneous consumers; shopping vehicle demand; air pollution

CEP Discussion Paper
The Best versus the Rest: Divergence across Firms During the Global Productivity Slowdown
Dan Andrews, Chiara Criscuolo and Peter N. Gal August 2019
Paper No' CEPDP1645:
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Tags: firm dynamics; regulation; knowledge diffusion; technological change; productivity

CEP Discussion Paper
Building a Productive Workforce: The Role of Structured Management Practices
Christopher Cornwell, Ian M. Schmutte and Daniela Scur August 2019
Paper No' CEPDP1644:
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Tags: labor allocation; managers; management practices; productivity

CEP Discussion Paper
Quantifying the Intangible Impact of the Olympics Using Subjective Well-Being Data
Paul Dolan, Georgios Kavetsos, Christian Krekel, Dimitris Mavridis, Robert Metcalfe, Claudia Senik, Stefan Szymanski and Nicolas R. Ziebarth August 2019
Paper No' CEPDP1643:
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Tags: subjective well-being; life satisfaction; happiness; intangible effects; olympic games; sport events; quasi-natural experiment

CEP Discussion Paper
What are the Price Effects of Trade? Evidence from the US and Implications for Quantitative Trade Models
Xavier Jaravel and Erick Sager August 2019
Paper No' CEPDP1642:
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CEP Discussion Paper
Vertical Integration and Foreclosure: Evidence from Production Network Data
Johannes Boehm and Jan Sonntag
August 2019
Paper No' CEPDP1641:
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Tags: mergers and acquisitions; market foreclosure; vertical integration; production networks

CEP Discussion Paper
Innovation Union: Costs and Benefits of Innovation Policy Coordination
Teodora Borota, Fabrice Defever and Giammario Impullitti August 2019
Paper No' CEPDP1640:
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Tags: optimal innovation policy; growth theory; international policy coordination; eu integration; fdi spillovers

New research findings from the CEP.

• Trade and deskilling: how the post-referendum sterling depreciation hurt workers
  Swati Dhingra and colleagues show that the big drop in the value of the pound after the Brexit vote led to a fall in both wages and training.
  
  
• In brief...Brexit and outward investment by UK firms
  Thomas Sampson and colleagues confirm that UK firms in the services sector are moving production into EU countries in anticipation of Brexit.
  
  
• The impact of the 2018 trade war on US prices and welfare
  Stephen Redding and colleagues estimate the effects of Trump's tariffs on domestic consumers and the firms that import foreign goods.
  
  
• In brief...Globalisation and its discontents
  Josh De Lyon and Elsa Leromain report on CEP’s Trade Week, which brought together researchers and policy-makers to discuss the recent trend towards protectionism, its causes and directions for future policy.
  
  
• Firm size, productivity and pay in today’s service economy
  Giuseppe Berlingieri and colleagues reveal that in the new service economy, it is productivity not firm size that matters for wages.
  
  
• Employee wellbeing: the impact on productivity and firm performance
  Christian Krekel and colleagues ask whether companies with happier staff see improvements in the bottom line.
  
  
• Workers’ falling share of firms’ profits
  Pawel Bukowski and colleagues demonstrate that UK companies share profits with employees far less today than in the 1980s and 1990s.
  
  
• Healthy Minds: the positive impact of a new school curriculum
  Grace Lordan and Alistair McGuire evaluate a new secondary school curriculum on physical health, emotional health and behaviour.
  
  
• Jihadi attacks, the media and anti-Muslim hate crime
  Ria Ivandic and colleagues find that real-time media coverage underpins the surge in local hate crimes after an international terror attack.