Results

Blog

LSE Politics and Policy:

The UK deals with India, USA and the EU are symbolic

The Labour Government is on a trade deal spree. After signing a free trade agreement with India, the UK made a pact with the US to remove some of the tariffs on UK car and aerospace exports, and finally a new agreement w...Read more...

Blog

Vox EU:

Working from home boosted growth by expanding disability employment

Individuals with a disability have remarkably low employment rates compared to the rest of the population. This column examines whether the rapid rise in the ability to work from home post-pandemic has improved disabilit...Read more...

CEP discussion paper

The US-China trade war creates jobs (elsewhere)

We examine the indirect effects of the US-China trade war on Brazil's labor market. Using industry-specific tariff changes and the sectoral employment distribution across local labor markets, we construct a measure of re...Read more...

Blog

LSE Business Review:

US-China tensions could become the biggest trade war in history

The announced US tariffs and the retaliatory actions taken by China have intensified. If the threats are carried out, they will drive the average implied US tariff to exceed 20 per cent, a level not seen since the 1930s....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...

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...

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...

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...

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...

Blog

LSE Business Review:

Advice to young women economists: learn to say no and protect your time

How are women making their mark in economics? To celebrate Women's History Month, Swati Dhingra shares her experiences, from India to British academia and the Bank of England. It took her a while to learn to say no and p...Read more...

Journal article

Climate Policy:

Policing carbon markets

Carbon markets have emerged in recent decades as one of the most important tools for curbing industrial greenhouse gas emissions, but they present a number of novel enforcement challenges as compared to more conventional...Read more...

CEP discussion paper

Multinational networks and trade participation

This paper provides a new explanation for the dominance of multinational corporations (MNCs) in international trade: after being acquired by an MNC, firms face lower entry frictions in countries in which their global par...Read more...

Journal article

Journal of Applied Econometrics: Forthcoming

Unlocking New Methods to Estimate Country-specific Trade Costs and Trade Elasticities

We propose new methods to identify the full impact of country-specific characteristics on bilateral trade flows within the framework of ‘the new quantitative trade model.’ We complement theory with a simple two-stage est...Read more...

External publication

International Trade: Issue 2

Over the last four decades, many developing countries initiated reforms that have lowered barriers to trade. Yet despite these reforms, developing countries still remain far less open than developed ones, both because of...Read more...

Journal article

Canadian Journal of Economics: Forthcoming

Evaluating the Impact of Export Finance Support on Firm-level Export Performance: Evidence from Pakistan

This paper evaluates the impact of two large export finance support schemes on firm-level export performance. The Export Finance Scheme (EFS) and the Long-Term Finance Facility for Plant & Machinery (LTFF), provide loans...Read more...

CEP discussion paper

Labor market effects of global supply chain disruptions

We examine the labor market consequences of global supply chain disruptions. Specifically, we consider a temporary increase in international trade costs similar to the one observed during the COVID-19 pandemic and analyz...Read more...

CentrePiece article

How Brexit affected the trade of UK firms

The UK left the EU’s single market and customs union at the start of 2021, entering into the Trade and Cooperation Agreement with the EU. Rebecca Freeman, Marco Garofalo, Enrico Longoni, Kalina Manova, Rebecca Mari, Thom...Read more...

External publication

Foreign Direct Investment

Multinational enterprises are at the centre of policy debates in low- and middle-income countries. As some of the most productive and innovative firms in the world, which are at the core of global supply chains, multinat...Read more...

Journal article

The Economic Journal:

Lobbying for Globalisation

Using detailed information from lobbying reports filed under the Lobbying Disclosure Act, we construct a unique dataset that allows us to identify which firms lobby on Free Trade Agreements (FTAs) negotiated by the Unite...Read more...

Journal article

Journal of the European Economic Association:

Labor Unions and the Electoral Consequences of Trade Liberalization

We show that the Brazilian trade liberalization in the early 1990s led to a permanent relative decline in the vote share of left-wing presidential candidates in the regions more affected by the tariff cuts. This happened...Read more...

Blog

Vox EU:

What impact have trade sanctions had on Russia? (Podcast)

Recorded at the CEPR Paris Symposium. How effective have the trade sanctions imposed on Russia in 2022 been? Politically, they were comprehensive and quick. But anecdotal reporting has suggested that Russian firms that w...Read more...

Journal article

Journal of Monetary Economics:

Labor market effects of global supply chain disruptions

We examine the labor market consequences of global supply chain disruptions. Specifically, we consider a temporary increase in international trade costs similar to the one observed during the COVID-19 pandemic and analyz...Read more...

Blog

Vox EU:

Leveraging AI to navigate 'deglobalisation'

Trade wars, industrial policy, and myriad other supply chain disruptions have fast become the 'new normal'. Yet, given the highly opaque and complex nature of production processes, knowing how to navigate this rise of de...Read more...

Journal article

Review of International Economics: Forthcoming

Political Competition and the Strategic Adoption of Free Trade Agreements

I study how political competition affects the feasibility of free trade agreements (FTAs). I show that the possibility of political turnover creates strategic motivations for the formation of FTAs. Specifically, a govern...Read more...

CEP discussion paper

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

How does dismantling deep integration affect international trade? This paper provides new evidence on the consequences of disintegration by estimating the impact of Brexit on goods trade by UK firms. The UK's exit from t...Read more...

Blog

EGC Voices in Development:

Development Dialogue: How can emerging economies break free from the sidelines of global trade? (podcast)

This episode of Development Dialogues addresses how lower-income countries have engaged with global trade. How have their approaches to trade differed based on their underlying institutional and economic structure? What ...Read more...

Blog

Vox EU:

High moments for superstar exporters

Aggregate exports are highly concentrated in a small group of firms, which are generally more productive than other firms. This column shows that productivity shocks generate different responses of aggregate exports depe...Read more...

Journal article

Canadian Journal of Economics:

Regional Specialization: From the Geography of Industries to the Geography of Jobs

Our analysis begins with an empirical investigation of how employment concentration in industries and occupations across United States regions has changed over time, and how regional specialization has changed. Results ...Read more...

Blog

Vox EU:

Changes to firms' service delivery post-Brexit

Services can be supplied through cross-border trade, consumption abroad, commercial presence, and the presence of a natural person. The choice of delivery mode and the extent to which service traders can switch between m...Read more...

Journal article

Journal of International Economics:

New dawn fades: Trade, labour and the Brexit exchange rate depreciation

This paper studies consequences of the large exchange rate depreciation occurring when the UK electorate unexpectedly voted to leave the European Union. Sterling plummeted, recording the biggest one-day depreciation of a...Read more...

CEP discussion paper

Political competition and the strategic adoption of free trade agreements

I study how political competition affects the feasibility of free trade agreements (FTAs). I show that the possibility of political turnover creates strategic motivations for the formation of FTAs. Specifically, a govern...Read more...

CEP discussion paper

A political disconnect? Evidence from voting on EU trade agreements

The European Union (EU) has long been accused of suffering from a "democratic deficit". The European Parliament (EP), the only EU institution directly elected by citizens, is seen as having limited powers. Moreover, its ...Read more...

Journal article

American Economic Journal: Macroeconomics:

International Friends and Enemies

We examine whether, as countries become more economically dependent on a trade partner, they realign politically toward that trade partner. We use network measures of economic exposure to foreign productivity growth deri...Read more...

Journal article

American Economic Journal: Macroeconomics: Forthcoming

Import Liberalization as Export Destruction? Evidence from the United States

In trade models with scale economies import liberalization reduces exports within industries by shrinking real market potential. We find this export destruction mechanism reduced US export growth following the permanent ...Read more...

CEP discussion paper

Not incentivized yet efficient: Working from home in the public sector

This paper studies whether working from home (WFH) affects workers' performance in public sector jobs. Studying public sector initiatives allows us to establish baseline estimates on the impact of WFH net of incentives. ...Read more...

CEP discussion paper

The distributional consequences of trade: Evidence from the Grain Invasion

We examine the distributional consequences of trade using the New World Grain Invasion that occurred in the second half of the 19th century. We use a newly-created dataset on population, employment by sector, property va...Read more...

Journal article

Review of Economics and Statistics:

Trade, gravity and aggregation.

Gravity equations are an important tool in empirical international trade research. We study to what extent sector-level parameters can be recovered from aggregate gravity equations estimated via Poisson pseudo maximum li...Read more...

CEP discussion paper

Trade and the end of antiquity

What caused the end of antiquity, the shift of economic activity away from the Mediterranean towards northern Europe? We assemble a large database of coin flows between the 4th and 10th century and use it to document the...Read more...

Journal article

Journal of International Economics:

All aboard: The effects of port development

Seaports facilitate the fast flow of goods across space, but ports also entail local costs borne by host cities. We use the introduction of containerized shipping to explore the effects of port development. At the local ...Read more...

CEP discussion paper

Evaluating the impact of export finance support on firm-level export performance: Evidence from Pakistan

This paper evaluates the impact of two large export finance support schemes on firm-level export performance. The Export Finance Scheme (EFS) and the Long-Term Finance Facility for Plant & Machinery (LTFF), provide loans...Read more...

CEP discussion paper

Brexit and investment

In 2016, the UK voted to leave the European Union and growth in UK manufacturing investment ground to a halt. This paper uses administrative trade data to investigate the causal relationship between these events. We expl...Read more...

CEP discussion paper

Firm heterogeneity and imperfect competition in global production networks

We study the role of firm heterogeneity and imperfect competition for global pro-duction networks and the gains from trade. We develop a quantifiable trade model with two-sided firm heterogeneity, matching frictions, and...Read more...

CEP discussion paper

Regional and aggregate economic consequences of environmental policy

This paper shows how to combine microeconometric evidence on the effects of environmental policy with a macroeconomic model, accounting for general equilibrium spillovers that have mostly been ignored in the literature. ...Read more...

Journal article

Journal of International Economics:

Are trade wars class wars? The importance of trade-induced horizontal inequality

What is the nature of the distributional effects of trade? This paper demonstrates conceptually and empirically the importance of “trade-induced horizontal inequality,” i.e. inequality that occurs among workers with the ...Read more...

Journal article

Journal of International Economics: Forthcoming

Accounting for trade patterns

We develop a quantitative framework for decomposing trade patterns. We derive price indexes that determine comparative advantage and the aggregate cost of living. If firms and products are imperfect substitutes, we show ...Read more...

Blog

Vox EU:

Outsourcing market access services is a key strategy for firms expanding abroad

Business services like advertising, legal support and market research are key inputs for all manufacturing companies in an international business environment, since they are essential for accessing markets abroad. This c...Read more...

Blog

LSE Politics and Policy:

Stop performative Brexit and do what works for the British economy

Brexit has left its mark on UK international trade, although, so far, the effect has been smaller than economists expected. Dennis Novy, Thomas Sampson and Catherine Thomas review recent UK trade performance and argue th...Read more...

CEP discussion paper

It takes (more than) a moment: Estimating trade flows with superstar exporters

Understanding producers' selection into exporting and its consequences for micro-founded gravity estimation calls for an in-depth analysis of the interplay between aggregate exports and the distribution of producers' pro...Read more...

CEP election analysis

Brexit and UK trade

This briefing summarises the evidence about how leaving the European Union (EU) has affected UK trade. Overall, Brexit has had a negative effect on UK trade. But, so far, this effect has been smaller than economists expe...Read more...

CEP discussion paper

Putting quantitative models to the test: An application to Trump's trade war

The primary motivation behind quantitative modeling in international trade and many other fields is to shed light on the economic consequences of policy changes. To help assess and potentially strengthen the credibility ...Read more...

Journal article

The Review of Economic Studies:

Does Pricing Carbon Mitigate Climate Change? Firm-Level Evidence from the European Union Emissions Trading System

In theory, market-based regulatory instruments correct market failures at least cost. However, evidence on their efficacy remains scarce. Using administrative data, we estimate that, on average, the European Union Emissi...Read more...

Journal article

American Economic Journal: Microeconomics:

Technology Transfer in Global Value Chains

Global value chains create opportunities for North-South technology diffusion. This paper studies technology transfer in value chains when contracts are incomplete and input production technologies are imperfectly exclud...Read more...

CEP discussion paper

Accounting for the evolution of China's production and trade patterns

This paper studies the evolution of China's production and trade patterns during its integration into the global economy. We document and explain new facts concerning changes in production and exports at the industry and...Read more...

CEP discussion paper

Leaving the global playing field through optimal non-discriminatory corporate taxes and subsidies

Due to markup distortions, in international trade models with monopolistic competition and heterogeneous firms the market equilibrium is inefficient unless demand exhibits constant elasticity of substitution. When it doe...Read more...

CEP discussion paper

Fantastic beasts and where to find them

Fantastic beasts are magical creatures that cannot be seen unless one looks for them with the eye of the wizard, but that still play a significant role in the world. The fantastic beasts we hunt and find in the present p...Read more...

Journal article

American Economic Review:

When Tariffs Disrupt Global Supply Chains

We study unanticipated tariffs in a setting with firm-to-firm supply relationships. Firms conduct costly searches and negotiate with potential suppliers that pass a reservation level of match productivity. Global supply ...Read more...

Submission to a parliamentary inquiry and government consultation

Business and Trade Committee

Has the UK lost its competitive edge in the global economy? What advantages does it possess, and how can these be exploited for economic growth? The Business and Trade Committee considers these questions as it continues ...Read more...

Journal article

Journal of Development Economics:

The deforestation effects of trade and agricultural productivity in Brazil

This paper quantifies the relative footprint of trade and agricultural productivity on deforestation across Brazilian municipalities between 2000 and 2017. Using remote-sensing data, we identify distinct effects of these...Read more...

Blog

Vox EU:

Managers say working from home is here to stay

Krishan Shah, Nicholas Bloom, Philip Bunn, Paul Mizen, Gregory Thwaites, and Ivan Yotzov analyse new firm-level data to explore future remote work trends. Managers expect 2028 remote work levels to mirror those of 2023, ...Read more...

CEP Insights

Insights: condensed

The Insights series is an introduction to the work of the Centre for Economic Performance (CEP). Each Insight highlights the contribution of CEP researchers to both academic understanding and policymaking in one area of ...Read more...

Blog

Vox EU:

Trade liberalisation can weaken unions and reduce votes for the left

Intuitively, trade liberalisation should increase the appeal of left-wing parties that offer to protect workers with protectionist policies. Pedro Ogeda, Emanuel Ornelas and Rodrigo Soares use evidence from Brazil to sho...Read more...

Journal article

Journal of Population Economics:

Teleworking and life satisfaction during COVID-19: the importance of family structure

We carry out a difference-in-differences analysis of a real-time survey conducted as part of the German Socio-Economic Panel (SOEP) survey and show that teleworking had a negative average effect on life satisfaction over...Read more...

Journal article

American Economic Journal: Economic Policy :

Local Retail Prices, Product Variety, and Neighborhood Change

We study how local grocery markets within a city are affected by changes in housing markets. Our empirical strategy exploits a shift in the spatial distribution of construction activity induced by a large-scale, place-ba...Read more...

External publication

The state of the UK economy 2024

The state of the UK economy is always an important matter, but it is all the more so in what looks likely to be an election year. This UK in a Changing Europe report takes stock of the UK economy in order to assess how i...Read more...

Blog

Vox Lacea:

Brazil's comparative advantage in soybean production triggered deforestation

In today's globalised world, technology and trade are key driving forces shaping agricultural markets worldwide. Igor Carreira, Francisco Costa and Joao Paulo Pessoa delve into the intricate relationship between trade an...Read more...

CEP discussion paper

The social footprint of globalization: Towards the introduction of strategic industries in quantitative trade models

We argue that our understanding of industrial policy in the presence of 'strategic' industries that exert positive externalities on the national economy may benefit from an extension of quantitative general equilibrium t...Read more...

Journal article

Spatial Economic Analysis: Forthcoming

The social footprint of globalisation: towards the introduction of strategic industries in quantitative trade models

We argue that our understanding of industrial policy in the presence of ‘strategic’ industries that exert positive externalities on the national economy may benefit from an extension of quantitative general equilibrium t...Read more...

CEP discussion paper

Neoclassical growth in an interdependent world

We generalize the closed-economy neoclassical growth model (CNGM) to allow for costly goods trade and capital flows with imperfect substitutability between countries. We develop a tractable, multi-country, quantitative m...Read more...

CEP discussion paper

Urban-biased structural change

Using firm-level data from France, we document that the shift of economic activity from manufacturing to services over the last few decades has been urban-biased: structural change has been more pronounced in areas with ...Read more...

CEP discussion paper

Tickets to the global market: First US patent awards and Chinese firm exports

We investigate how international patent activity enables firms from emerging economies to thrive in the global marketplace. We match Chinese customs data to US patent records and leverage the quasi-random assignment of U...Read more...

CEP discussion paper

Exporting ideas: Knowledge flows from expanding trade in goods

We examine the effect of entry by French firms into a new export market on the dynamics of their patents' citations received from that destination. Applying a difference-in-differences identification strategy with a stag...Read more...

Blog

Vox EU:

Unravelling the complexities of sanctions

Sanctions have become a linchpin of foreign policy. But as they have grown more complex, understanding their true impact on targeted economies has become increasingly difficult, and evidence of their firm-level effects i...Read more...

CEP discussion paper

Trade, innovation and optimal patent protection

This paper provides a first comprehensive quantitative analysis of optimal patent policy in the global economy. We introduce a new framework, which combines trade and growth theory into a tractable tool for quantitative ...Read more...

Blog

Hoover Institution:

Work from Home and Productivity - A Conversation with Nick Bloom (Podcast)

Steven Davis and Nick Bloom discuss the big shift to work from home, what it means for productivity, why perceptions in this regard often differ between managers and workers, and why - on balance - the big shift is a ble...Read more...

CEP discussion paper

The distributional effects of trade: Theory and evidence from the United States

How much do consumption patterns matter for the impact of international trade on inequality? In neoclassical trade models, the effects of trade shocks on consumers' purchasing power are governed by the shares of imports ...Read more...

Journal article

Asian Economic Policy Review:

Deconstructing Deglobalization: The Future of Trade is in Intermediate Services

This article contests the idea that the world has entered a post-globalization era. It argues that rapid globalization has evolved rather than ended. Even though the global goods trade-to-GDP ratio reached its zenith 15 ...Read more...

Blog

LSE Business Review:

Brazil's comparative advantage in soybean production triggered deforestation

Tropical ecosystems house an immense biomass, which makes it imperative to understand how they are affected by technology and trade. Igor Carreira, Francisco Costa and Joao Paulo Pessoa examine the Brazilian rainforest's...Read more...

Blog

LSE Business Review:

Should we call time on presenteeism?

Many companies have adopted a "remote first" approach for their workforce, but a growing number of firms are now demanding that employees work from the office most of the time. Jasmine Virhia and Grace Lordan warn firms ...Read more...

Blog

Financial Times:

Are Fridays dead? (podcast)

It's Friday afternoon in the city. There are office blocks all around and a restaurant or bar on every corner... so where is everyone? If occupancy and travel data are anything to go by, they're probably at home. Nick Bl...Read more...

Journal article

The Economic Journal:

Unraveling firms: demand, productivity and markups heterogeneity

We develop a novel framework that simultaneously allows recovering heterogeneity in demand, quantity TFP and markups across firms while leaving the correlation between the three dimensions unrestricted. We accomplish thi...Read more...

Journal article

Information Technology & People:

Well-being and Working from Home during Covid-19

The authors track the well-being of individuals across five European countries during the course of the coronavirus disease 2019 (COVID-19) pandemic and relate their well-being to working from home. The authors also cons...Read more...

Journal article

Economie et Statistique / Economics and Statistics:

The Role of Telework for Productivity During and Post COVID-19

Motivated by the sudden adoption of telework in the wake of the COVID-19 pandemic, the OECD Global Forum on Productivity (GFP) undertook an online survey among managers and workers in 25 countries about their experience ...Read more...

CEP occasional paper

The linear algebra of economic geography models

We provide sufficient statistics for nominal and real wage exposure to productivity shocks in a constant elasticity economic geography model. These exposure measures summarize the first-order general equilibrium elastici...Read more...

CEP discussion paper

Dissecting the sinews of power: international trade and the rise of Britain's fiscal-military state, 1689-1823

We evaluate the role of taxes on trade in the development of imperial Britain's fiscal-military state. Influential work, e.g., Brewer's (1989) Sinews of Power, attributed increased fiscal capacity to the taxation of dome...Read more...

External publication

Trading up

After nearly half a century of EU membership, Britain needs a trade strategy. The stakes are high: such a strategy shapes what families and firms buy from abroad, and what gets produced domestically; influences our jobs,...Read more...

CEP discussion paper

How hybrid working from home works out

Hybrid working from home (WFH), whereby employees work a mix of days at home and at work each week, has become dominant for graduate employees in the US. This paper evaluates a randomized control trial on 1612 engineers,...Read more...

CEP discussion paper

Working from home around the world

The pandemic triggered a large, lasting shift to work from home (WFH). To study this shift, we survey full-time workers who finished primary school in 27 countries as of mid-2021 and early 2022. Our cross-country compari...Read more...

CEP discussion paper

Long social distancing

Many working-age Americans say they will continue some forms of social distancing after the COVID-19 pandemic ends. We uncover this long social distancing phenomenon in our monthly Survey of Working Arrangements and Atti...Read more...

Blog

Vox Dev:

All aboard: The effects of port development

There are large potential gains to improving ports, but space constraints and other costs affect who benefits from port infrastructure, say Cesar Ducruet, Reka Juhasz, David Krisztian Nagy and Claudia Steinwender....Read more...

CEP discussion paper

Are trade wars class wars? The importance of trade-induced horizontal inequality

What is the nature of the distributional effects of trade? This paper demonstrates conceptually and empirically the importance of "trade-induced horizontal inequality," i.e., inequality brought about by trade shocks that...Read more...

Journal article

American Economic Review:

Globalization and pandemics

We provide theory and evidence on the relationship between globalization and pandemics. Business travel facilitates trade and travel leads to human interactions that transmit disease. Trade-motivated travel generates an ...Read more...

Journal article

Econometrica:

Dynamic spatial general equilibrium

We incorporate forward-looking capital accumulation into a dynamic discrete choice model of migration. We characterize the steady-state equilibrium; generalize existing dynamic exact-hat algebra techniques to incorporate...Read more...

Journal article

Journal of Economic Perspectives:

Quantitative urban models: from theory to data

Economic activity is highly unevenly distributed within cities, as reflected in the concentration of economic functions in specific locations, such as finance in the Square Mile in London. The extent to which this concen...Read more...

CentrePiece article

Deep trade agreements: proliferation, provisions, impact

Modern trade agreements between countries contain a host of provisions beyond simple tariff reductions on traded products. Research by Holger Breinlich, Valentina Corradi, Nadia Rocha, Michele Ruta, João Santos Silva and...Read more...

CEP discussion paper

Import competition, trade credit and financial frictions in general equilibrium

We analyze the role of trade credit and financial frictions in the propagation of international trade shocks along the supply chain. First, we show empirically that exposure to import competition from China increased the...Read more...

CEP discussion paper

The indirect effect of the Russian-Ukrainian war through international linkages: early evidence from the stock market

This paper investigates how firms' international linkages to Russia and Ukraine affected investors' expectations following the escalation of the Russian-Ukrainian war. For this, we perform an event study around the Russi...Read more...

Blog

Vox EU:

Commute time savings when working from home

The large shift to work from home during the Covid-19 pandemic reduced the amount of time that workers spend commuting. This column reports on a global survey of workers in 27 countries showing that working from home sav...Read more...

Blog

FRBSF Economic Letter:

Supply Chain Disruptions, Trade Costs, and Labor Markets

Global supply chain disruptions due to the Covid-19 pandemic have increased the costs of trade between countries. Given the interconnectedness of the US economy with the rest of the world, higher trade costs can have imp...Read more...

Journal article

Research Policy: Forthcoming

Global value chains and domestic innovation

This paper explores how changes in both position and participation in Global Value Chain (GVC) networks affect firm innovation. The analysis combines matched patent-firm data for Japan with measures of GVC network centra...Read more...