Results

Journal article

Psychological Medicine :

Cost-benefit of IAPT Norway and effects on work-related outcomes and health care utilization: results from a randomized controlled trial using registry-based data

Data from an RCT of IAPT Norway (?Prompt Mental Health Care? [PMHC]) were linked to several administrative registers up to five years following the intervention. The aims were to (1) examine the effects of PMHC compared ...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...

CEP discussion paper

The dynamics of the 'Great Gatsby Curve' and a look at the curve during the Great Gatsby era

We use linked historical US censuses to study the empirical relationship between inequality and intergenerational mobility. We first confirm that the 'Great Gatsby Curve' already existed in the early 20th century. We the...Read more...

CEP discussion paper

Dealing with adversity: religiosity or science? Evidence from the great influenza pandemic

How do societies respond to adversity? After a negative shock, separate strands of research document either an increase in religiosity or a boost in innovation efforts. In this paper, we show that both reactions can occu...Read more...

Journal article

Journal of Health Economics :

Maternal genetic risk for depression and child human capital

We here address the causal relationship between the maternal genetic risk for depression and child human capital using UK birth-cohort data. We find that an increase of one standard deviation (SD) in the maternal polygen...Read more...

Blog

Vox EU:

Unequal education and the 'Great Gatsby Curve'

In modern economies, people's livelihoods are based in large part on skills acquired through education. Unequal education therefore drives both inequality in the labour market and low social mobility across generations. ...Read more...

Blog

Vox EU:

Financial crises as drivers of populism: a new channel

Financial crises have severe economic costs. This column shows that they also entail major political costs. It argues that the global financial crisis, and associated Great Recession, represents a watershed for populism ...Read more...

CEP discussion paper

The impact of mental health support for the chronically ill on hospital utilisation: evidence from the UK

Individuals with common mental disorders (CMDs) such as depression and anxiety frequently have co-occurring long-term physical health conditions (LTCs) and this co-occurrence is associated with higher hospital utilisatio...Read more...

CEP discussion paper

Maternal depression and child human capital: a genetic instrumental-variable approach

We here address the causal relationship between maternal depression and child human capital using UK cohort data. We exploit the conditionally-exogenous variation in mothers? genomes in an instrumental-variable approach,...Read more...

Journal article

American Economic Journal: Applied Economics:

Turbulence, firm decentralization, and growth in bad times

What is the optimal form of firm organization during ?bad times?? The greater turbulence following macro shocks may benefit decentralized firms because the value of local information increases (the ?localist? view). On t...Read more...

CEP discussion paper

The UK's great demand and supply recession

We revisit UK?s poor productivity performance since the Great Recession by means of both a suitable theoretical framework and firm-level prices and quantities data for detailed products allowing us to both measure demand...Read more...

Journal article

SERIEs:

Job loss at home: children's school performance during the Great Recession

This paper studies the intergenerational impact of parental job loss on school performance during the Great Recession in Spain. Collecting data through parental surveys in a school in the province of Barcelona, I obtain ...Read more...

Blog

VoxEU:

Measuring the impact of malfunctioning credit markets on productivity

Since the Global Crisis, there has been a renewed awareness of how frictions in credit markets can damage economic efficiency due to a higher cost of capital and/or capital being misallocated away from its most productiv...Read more...

CEP industrial strategy paper

Has the Financial Crisis Undermined Credit Reallocation in the United Kingdom?

The global financial crisis and its aftermath heightened awareness of the role of credit frictions in affecting aggregate economic performance. An important question is whether capital is being allocated to its most prod...Read more...

CEP discussion paper

Turbulence, firm decentralization and growth in bad times

What is the optimal form of firm organization during 'bad times'? The greater turbulence following macro shocks may benefit decentralized firms because the value of local information increases (the 'localist' view). On t...Read more...

CentrePiece article

In brief... Parental job loss: the impact on children's school performance

Unemployment is bad news not just for the individuals who lose their jobs but also for their families. Jenifer Ruiz-Valenzuela examines this underemphasised cost of economic downturns by measuring the impact of parental ...Read more...

CEP discussion paper

Job loss at home: children's school performance during the great recession in Spain

This paper studies the effect of parental job loss on children's school performance during the Great Recession in Spain, using an original panel dataset for students observed since the beginning of the crisis in a school...Read more...

CEP discussion paper

Informal care and the great recession

Macroeconomic downturns can have both an important impact on the availability of informal care and the affordability of formal long-term care. This paper investigates how the demand for and provision of informal care cha...Read more...

CEP election analysis

Real Wages and Living Standards

Real wages and living standards have taken a hard hit in the UK in the recent past. Real wages of the typical (median) UK worker have fallen by almost 10% since 2008 and median family incomes have significantly fallen fo...Read more...

CEP election analysis

Productivity and Business Policies

UK productivity stagnated after the Great Recession of 2008-09 and remains about 15 percent below historical trends. This 'productivity puzzle' is due to a mixture of cyclical and structural effects - the fall is not ent...Read more...

CentrePiece article

Napoleonic protectionism: how France's cotton industry gained

Can temporary protection from trade with advanced economies foster the development of `infant industries? in developing countries? Reka Juhasz considers a natural experiment: Napoleon?s wartime blockade of British export...Read more...

CEP discussion paper

The dynamics of employment growth: new evidence from 18 countries

Motivated by the on-going interest of policy makers in the sources of job creation, this paper presents results from a new OECD project on the dynamics of employment (DynEmp) based on an innovative methodology using firm...Read more...

CentrePiece article

Falling real wages

The researchers note that there have been historically unprecedented falls in UK real wages since the start of the Great Recession. What?s more, the long US experience of stagnant real wages (median real weekly earnings ...Read more...

Journal article

Journal of Consulting and Clinical Psychology:

The UK resilience programme: a school-based universal non-randomized pragmatic controlled trial

Objective: The study aimed to assess the effectiveness of an 18-hr cognitive behavioral group intervention in reducing depressive symptoms (and associated outcomes) in a universal sample of students in mainstream schools...Read more...

CEP discussion paper

Enhancing recovery rates: lessons from year one of the English Improving Access to Psychological Therapies programme

Background: The English Improving Access to Psychological Therapies (IAPT) initiative aims to make evidence-based psychological therapies for depression and anxiety disorder more widely available in the National Health S...Read more...

Journal article

Economica:

Unemployment in the Great Recession

This paper studies the responses of unemployment in Germany, the USA and the UK to the Great Recession of 2008-9 using Beveridge curve analysis, and in the entire OECD using other techniques. It is shown that the UK suff...Read more...

CEP discussion paper

Unemployment in the Great Recession

This paper studies the responses of unemployment in Germany, the United States and Britain to the Great Recession of 2008-09 by making use of Beveridge curve analysis, and in the entire OECD with other techniques. It is ...Read more...

CEP discussion paper

The German Transfer Problem, 1920-1933: A Sovereign Debt Perspective

The severity of the Great Depression in Germany has sometimes been blamed on reparations in simplistic fashion. Alternative interpretations relied on American capital exports, the demise of the Gold Standard, or on malfu...Read more...

CEP discussion paper

Reparations, Deficits, and Debt Default: the Great Depression in Germany

Germany?s Great Depression of the early 1930s started in 1929 with a sudden stop in the current account. It ended after a foreign debt default that unfolded in several stages from 1931 to 1933. This chapter reviews Germa...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Great Britain's Second-Order City Regions in Recessions, 1978-2010

While it is now accepted that the 2008-09 recession accentuated regional differences in Britain, it is more difficult to identify the role of major cities, especially over a longer time scale. Using previously establishe...Read more...

CEP report

UK economic performance since 1997: growth, productivity and jobs

A common view is that the performance of the UK economy between 1997 and 2010 under Labour was very weak and that the current economic problems are a consequence of poor policies in this period. In this report, we analys...Read more...

CEP discussion paper

Crisis? What Crisis? Currency vs. Banking in the Financial Crisis of 1931

This paper examines the role of currency and banking in the German financial crisis of 1931 for both Germany and the U.S. We specify a structural dynamic factor model to identify financial and monetary factors separately...Read more...

CEP discussion paper

Depression Econometrics: A FAVAR Model of Monetary Policy During the Great Depression

The prominent role of monetary policy in the U.S. interwar depression has been conventional wisdom since Friedman and Schwartz (1963). This paper presents evidence on both the surprise and the systematic components of mo...Read more...

Journal article

Behaviour Research and Therapy:

Improving access to psychological therapy: initial evaluation of two UK demonstration sites

Recently the UK Government announced an unprecedented, large-scale initiative for Improving Access to Psychological Therapies (IAPT) for depression and anxiety disorders. Prior to this development, the Department of Heal...Read more...

CEP discussion paper

Real Origins of the Great Depression: Monopoly Power, Unions and the American Business Cycle in the 1920s

We attempt to explain the severe 1920-21 recession, the roaring 1920s boom, and the slide into the Great Depression after 1929 in a unified framework. The model combines monopolistic product market competition with searc...Read more...

CEP discussion paper

Cost-Benefit Analysis of Psychological Therapy

At present six million people are suffering from clinical depression or anxiety disorders, but only a quarter of them are in treatment. NICE Guidelines prescribe the offer of evidence-based psychological therapy, but the...Read more...

CEP report

The Depression Report: A New Deal for Depression and Anxiety Disorders

Read more...