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Brexit and consumer food prices: May 2023 update

Brexit continues to affect the UK economy. This report updates the dataset found in an earlier study, showing that higher non-tariff barriers due to Brexit are affecting food price inflation and costing households in the UK. Read more...

Growth of the UK economy

Growth and productivity are often talked about in UK politics but how are they linked and what affect do they have on the economy? John Van Reenen explains.
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lse festival
People and change:
LSE Festival 2023, 12-17 June

How does change affect people? How do people effect change? Click here to discover CEP events at this year's LSE Festival.
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Latest

The Guardian
Brexit food trade barriers have cost UK households £7bn, report finds

Researchers from the Centre for Economic Performance, from the London School of Economics, estimate that extra barriers on EU food imports have pushed up bills by £250 on average since Brexit.  ... Read more...

24 May 2023

Financial Times
Economist Daniel Chandler: ‘Shareholders have all the power. It doesn’t have to be that way.’

Daniel Chandler, the author of 'Free and Equal', makes the case for workplace democracy - drawing on Rawlsian principles to disentangle modern-day political debates. Interviewed by Henry Mance.  ... Read more...

22 May 2023

Economy 2030
The Economy 2030 Inquiry: two years in

The Economy 2030 Inquiry examines the scale and impact of economic change that the UK is living through in the 2020s, and will set out a plan for successfully navigating this change.  For the past two years, resear... Read more...

19 May 2023

CEP Announcement
Anna Valero joins the chancellor’s economic advisory council

Anna Valero has been appointed to the chancellor’s economic advisory council, it was announced today. The council provides independent, expert advice on economic policy to help grow the economy. Dr Valero, senior... Read more...

18 April 2023

The Guardian
If Labour is to succeed it needs not just new policies, but a whole new philosophy

After four general election defeats, the Labour party seems likely to form the next government. In this Guardian opinion piece, Daniel Chandler shares his view that, for the Labour party to succeed, it needs not just new... Read more...

14 April 2023

The Guardian
How much should parents get involved in kids’ education? I’m an expert, and a dad, and even I’m confused

New research suggests extra activities and help with homework have little effect – but the question is more complicated than it at first appears. Lee Elliot Major discusses what is important when it comes to educat... Read more...

13 April 2023

Financial Times
Alan Manning: 'Achieving growth by just having more people is not what we should aim for'

Alan Manning, the UK government's former immigration advisor, considers whether Britain's post-Brexit migrant strategy has worked. ... Read more...

08 March 2023

Financial Times
Make wellbeing central to public policy

Richard Layard explains the benefits of making wellbeing a core public policy. ... Read more...

07 March 2023

The Economist
For Britain to grow faster it needs better managers

John Van Reenen and Nick Bloom's study of management practices suggests that more than half of the productivity gap between Britain and the US is due to poor management. ... Read more...

31 January 2023

Financial Times
How London's property market became an inheritocracy

Without inherited wealth or a leg-up from the Bank of Mum and Dad, prospective first-time buyers are forced to abandon dreams of home ownership. Paul Cheshire describes the state of affairs for first-time buyers in Londo... Read more...

27 January 2023

The Economist
A flurry of new studies identifies causes of the Industrial Revolution

The Economist covers Stephan Heblich, Stephen J. Redding and Hans-Joachim Voth's work on Slavery and the British Industrial Revolution in this article, reporting on the causes of the Industrial Revolution.  ... Read more...

17 January 2023

TIME
Working From Home Is the Trend of the Year—And Next Year Too

Working from home accounted for only 5% of all workdays before the pandemic. But now it’s common to find many employees working from home at least part of the week. As of December 2022, almost 30% of paid workdays ... Read more...

22 December 2022

The Guardian
Swati Dhingra of the Bank of England: 'Are we going to end up deepening the recession?'

Richard Partington interviews Swati Dhingra on the future of Britain's economy, as she elaborates on the lengthy and painful recession facing the UK.  ... Read more...

03 December 2022

BBC News
Brexit added £210 to household food bills, LSE says

Researchers at the LSE's Centre for Economic Performance (CEP) looked at data tracking the flow of trade and prices of food products between the UK and the European Union (EU) to work out how shoppers were being affected... Read more...

01 December 2022

The Independent
Brexit has added more than £200 to UK household food bills, study finds

Brexit has cost UK households more than £5.8bn in higher food bills, according to new research linking Britain’s exit from the EU to soaring inflation. Leaving the bloc has added an average of £210 to B... Read more...

01 December 2022

The Guardian
Brexit added nearly £6bn to UK food bills in two years, research finds

Brexit added almost £6bn to UK food bills in the two years to the end of 2021, affecting poorest households the most, research from the London School of Economics (LSE) found.  ... Read more...

01 December 2022

Economy 2030
The Economy 2030 Inquiry: 18 months in

The Economy 2030 Inquiry is examining the scale and impact of economic change that the UK is living through in the 2020s, and will set out a plan for successfully navigating it. For the past 18 months, researchers from ... Read more...

30 November 2022

Financial Times
Brexit and the economy: the hit has been ‘substantially negative’

The UK debate around Brexit is shifting in light of new data showing the consequences of leaving the EU. Economists have reached a consensus: Brexit has significantly worsened the country’s economic performance. In... Read more...

30 November 2022

CNBC Events
Hybrid work is here to stay

As the unofficial "Father of Hybrid Work", Stanford's Nick Bloom has spent years studying how we work and how we will work. He'll present new research and share his thoughts on what companies should be preparing for, a... Read more...

13 November 2022

CEP Announcement
Stephen Machin gives flagship British Academy lecture

Stephen Machin, director of CEP, is due to give a flagship British Academy lecture on wage controversies at the Bristol Ideas Festival of Economics. Professor Machin will address topics including how does high inflation... Read more...

07 November 2022

Schools Week
Profile: Lee Elliot Major

Donna Ferguson interviews Lee Elliot Major to find out why he made the move to academia - and his latest plans to improve the life chances for our poorest pupils. ... Read more...

06 November 2022

Financial Times
The Undercover Economist: Five ideas that might actually boost UK growth

Liz Truss and Kwasi Kwarteng don’t seem to know how to go about it. Here are a few starting points.     ... Read more...

07 October 2022

BBC Radio 4: The Briefing Room
Britain's productivity puzzle

Low growth is an entrenched problem in the UK, dating back decades. Anna Valero is among the guests discussing why the country has been performing so badly and what needs to be done to turn us into a high-growth country.... Read more...

23 September 2022

CEP Announcement
Professor Richard Layard named as Clarivate Citation Laureate 2022

Professor Richard Layard has been honoured for his “pioneering contributions to the economics of happiness and subjective wellbeing” by information company Clarivate. Professor Lord Layard, co-director of th... Read more...

22 September 2022

The Guardian
Not just about the money: pioneering study reveals best and worst jobs in UK

"Full earnings" account for wellbeing as well as financial reward. When wellbeing is factored into the equation, women and workers from ethnic minorities tend to be most vulnerable to the widening income inequality in th... Read more...

09 September 2022

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CEP discussion papers
VAT pass-through and competition: Evidence from the Greek Islands

We examine how competition affects VAT pass-through in isolated oligopolistic markets as defined by the Greek islands. Using daily gasoline prices and a difference-in-differences methodology, we investigate how changes i... Read more...

Lydia Dimitrakopoulou, Christos Genakos, Themistoklis Kampouris and Stella Papadokonstantaki

30 May 2023

Blog
Should the UK government get active about economic inactivity?

Concerns about a rise in economic inactivity have prompted new policies aimed at discouraging early retirement and encouraging the labour force participation of women with young children. Such interventions would be more... Read more...

Stephen Machin and Jonathan Wadsworth

26 May 2023

Blog
How has the Russian invasion of Ukraine affected global financial markets?

As Russia's war against Ukraine continues to unfold, its global economic impact remains uncertain. Evidence from the stock market indicates that firms with strong trade or ownership ties to Russia are more likely to face... Read more...

Marcus Biermann and Elsa Leromain

25 May 2023

Blog
Accounting for imported and domestically generated inflation: Supply chains, monetary policy, and the UK's cost of living crisis

Inflation has increased sharply since the start of 2021 as the global economy grapples with the aftermath of the COVID-19 pandemic and Russia's invasion of Ukraine. Swati Dhingra and Jack Page draw on a long tradition of... Read more...

Swati Dhingra and Jack Page

25 May 2023

Blog
The 1918 flu pandemic made some people more religious, and others, more innovative.

Enrico Berkes, Davide Coluccia, Gaia Dossi and Mara Squicciarini investigate whether a destructive event - such as a pandemic - leads to either an increase in religiosity or a boost in innovation efforts. They find that ... Read more...

Enrico Berkes, Davide M. Coluccia, Gaia Dossi and Mara P. Squicciarini

24 May 2023

Blog
How can we make homes more affordable?

Housing has become unaffordable, the problem is likely to get worse, and the young are hit the hardest. Christian Hilber argues that we face a conundrum: reforms that would be effective are considered politically infeasi... Read more...

Christian A. L. Hilber

24 May 2023

CEP Brexit analysis Papers
Brexit and consumer food prices: May 2023 update

Brexit continues to affect the UK economy. The results in this report are updates to the original study of Bakker et al. (2022), showing that higher non-tariff barriers due to Brexit are affecting food price inflation an... Read more...

Jan David Bakker, Nikhil Datta, Richard Davies and Josh De Lyon

24 May 2023

Blog
Why the government's levelling-up plans need a reality check

The government has made tackling the UK's persistent spatial inequalities one of its top priorities. Yet progress has been slow or absent, because of insufficient investment, an underestimation of the scale of the challe... Read more...

Henry G. Overman

23 May 2023

Blog
Why has productivity in the UK slowed? (video)

Growth and productivity are often talked about in UK politics but how are they linked and what affect do they have on the economy? John Van Reenen explains.... Read more...

John Van Reenen

19 May 2023

Journal article
Happiness predicts compliance with preventive health behaviours during Covid-19 lockdowns

To combat the public health crisis of Covid-19, governments and public health officials have been asking individuals to substantially change their behaviours for prolonged periods of time. Are happier people more willing... Read more...

Jan-Emmanuel De Neve, Daisy Fancourt, Christian Krekel and Sarah Swanke

17 May 2023

CEP discussion papers
Firming up price inflation

We use data from a large panel survey of UK firms to analyze the economic drivers of price setting since the start of the Covid pandemic. Inflation responded asymmetrically to movements in demand. This helps to explain w... Read more...

Lena Anayi, Nicholas Bloom, Philip Bunn, Paul Mizen, Gregory Thwaites and Ivan Yotzov

15 May 2023

CEP discussion papers
Evaluating merger effects

This paper proposes a new algorithm with which to identify the potential effect of mergers by comparing the outcomes of interest in areas of overlap for the merging parties vis-a-vis areas of no overlap within a differen... Read more...

Christos Genakos, Andreas Lamprinidis and James Walker

15 May 2023

Blog
Frontline stories: protecting biodiversity

Ahead of COP26 in 2021, Richard Davies talked to Dr Jane Goodall DBE, one of the world's leading environmentalists, founder of the Jane Goodall Institute and a United Nations Messenger of Peace.... Read more...

Richard Davies and Jane Goodall

12 May 2023

Blog
A better understanding of pay-as-you-go pension systems leads to more positive attitudes toward migrants

A better understanding of pay-as-you-go pension systems and population trends can lead to more positive attitudes toward migrants, but only among individuals who support non-populist parties, find Tito Boeri, Matteo Gama... Read more...

Tito Boeri, Matteo Gamalerio, Massimo Morelli and Margherita Negri

12 May 2023

CEP discussion papers
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...

Cevat Giray Aksoy, Jose Maria Barrero, Nicholas Bloom, Steven J. Davis, Mathias Dolls and Pablo Zarate

04 May 2023

Blog
Creditors use startups' choice of legal form as a signal for debt financing

Formal debt financing is an important source of external financing for startups, but creditors face information gaps, as startups lack a proven track record. Felix Bracht, Jeroen Mahieu and Steven Vanhaverbeke argue that... Read more...

Felix Bracht, Jeroen Mahieu and Steven Vanhaverbeke

04 May 2023

CEP discussion papers
Imperfect signals

A pre-condition for employer learning is that signals at labor market entry do not fully reveal graduates' productivity. I model various distinct sources of signal imperfection - such as noise and multi-dimensional types... Read more...

Georg Graetz

03 May 2023

Blog
What is the current state of the Russian economy under sanctions?

Economic sanctions have done considerable damage to Russia's economy. The country's economic situation will improve slowly as supply chains are re-oriented towards other markets, especially in Asia. But perseverance with... Read more...

Richard Disney

27 April 2023

Blog
Do Carbon Prices Affect Stock Prices?

Patrick Bolton, Adrian Lam and Mirabelle Muuls discuss whether the EU cap-and-trade system has resulted in a signficant financial impact on the companies that are under the scheme and whether it has motivated them to red... Read more...

Patrick Bolton, Adrian Lam and Mirabelle Muûls

26 April 2023

CEP discussion papers
Long social distancing

More than ten percent of Americans with recent work experience say they will continue social distancing after the COVID-19 pandemic ends, and another 45 percent will do so in limited ways. We uncover this Long Social Dis... Read more...

Jose Maria Barrero, Nicholas Bloom and Steven J. Davis

26 April 2023

Blog
How have the forecasts on the effect of sanctions on Russia held up a year on?

Commentators were over-optimistic in believing that sanctions would immediately cause a large fall in economic activity in Russia and thereby halt the aggression against Ukraine. But despite the revised forecasts and out... Read more...

Richard Disney

26 April 2023

Blog
Female students perform better when taught by female lecturers - but class size is key

Stephan Maurer, Guido Schwerdt and Simon Wiederhold find a positive impact from female lecturers on female educational performance. But this effect exists when class sizes are small, suggesting that it is direct and freq... Read more...

Stephan E. Maurer, Guido Schwerdt and Simon Wiederhold

24 April 2023

Journal article
Evaluating merger effects

This paper proposes a new algorithm to identify the potential effect of mergers by comparing the outcomes of interest in areas of overlap for the merging parties vis-a-vis areas where no overlap exists within a differenc... Read more...

Christos Genakos, Andreas Lamprinidis and James Walker

23 April 2023

CEP discussion papers
FDI and superstar spillovers: Evidence from firm-to-firm transactions

Despite competition concerns over the increasing dominance of global corporations, many argue that productivity spillovers from multinationals to domestic firms justify pro-FDI policies. For the first time, we use firm-t... Read more...

Mary Amiti, Cedric Duprez, Jozef Konings and John Van Reenen

21 April 2023

Blog
What does the evidence say on place-based intervention for net zero?

Will Brett-Harding discusses the existing evidence on place-based intervention for net zero, in light of the global climate crisis and the magnitude of the damage that will, or already has, come with it.... Read more...

Will Brett-Harding

21 April 2023

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Labour Markets Workshops
The Racial Wealth Gap: the Role of Entrepreneurship

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Tomer Ifergane (LSE)

Tuesday 30 May 2023 12:55 - 14:00
International Economics Workshops
Barriers to Climate Adaptation in Pakistan's Devastating Floods

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Pol Simpson (LSE)

Wednesday 31 May 2023 11:00 - 12:00
CEP/LSE International Economics Seminars
Joint with the Urban and Regional Seminar
Firm Export Dynamics in Interdependent Markets

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Eduardo Morales (Princeton), joint with Alonso Alfaro, Juanma Castro-Vincenzi, and Sebastián Fanelli

Wednesday 31 May 2023 12:30 - 14:00
CEP/Geography Urban and Regional Economics Seminars
Joint with the International Economic Trade Seminar
Firm Export Dynamics in Interdependent Markets

Read more...

Eduardo Morales (Princeton), joint with Alonso Alfaro, Juanma Castro-Vincenzi, and Sebastián Fanelli

Wednesday 31 May 2023 12:30 - 14:00
Policing and Crime Workshop
Are Court-Appointed Attorneys Racially Biased?

Read more...

Maya Mikdash (Texas A&M University), joint with Suhyeon Oh

Wednesday 31 May 2023 16:00 - 17:00
Wellbeing Seminars
Medicaid Expansion and the Mental Health of Caregivers

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Nilesh Raut (LSE)

Thursday 01 June 2023 16:00 - 17:00
CEP/STICERD Applications Seminars
Bidding for Talent: A Test of Conduct on a High-Wage Labor Market

This paper proposes a novel procedure for adjudicating between models of firm wage-setting conduct. Using data from a U.S. job search platform, we first flexibly estimate labor supply to differentiated firms. We then use... Read more...

Nina Roussille (MIT)

Monday 05 June 2023 12:00 - 13:30
Labour Markets Workshops
The Dynamics of Racial Discrimination in a Virtual Labour Market

Read more...

Alex Bryson (UCL), Arnaud Chevalier (Royal Holloway University of London)

Tuesday 06 June 2023 12:55 - 14:00
CEP/LSE International Economics Seminars
In Their Shoes The Mechanics of Empathy

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Thomas Chaney (Chicago), joint with Marianne Andries (USC), Leonardo Bursztyn (Chicago), and Milena Djourelova (Cornell)

Wednesday 07 June 2023 12:30 - 14:00
Policing and Crime Workshop
ADHD, Prison Healthcare, and Crime

Read more...

Matthew Lindquist (SOFI Stockholm University)

Wednesday 07 June 2023 16:00 - 17:00
CEP/Geography Urban and Regional Economics Seminars
The Effects of Affirmative Action on Targeted and Non-Targeted Students: Evidence from Low-Income Priorities in Paris High Schools

Read more...

Gabrielle Fack (PSE), joint with Julien Grenet and Yinghua He

Friday 09 June 2023 13:00 - 14:30
CEP Public Events
Hosted with LSE Festival: People and Change
Mapping People and Change

An exhibition bringing together research from across the social sciences on socio-economic inequalities in London and the UK, our changing environment, language and health across the world.... Read more...

Monday 12 June 2023 - Saturday 17 June 2023
CEP/STICERD Applications Seminars
How Disability Benefits in Early Life Affect Adult Outcomes

We use three sources of variation in childhood SSI receipt to identify the effects of receiving Supplemental Security Income (SSI) in childhood on adult outcomes and to estimate a model of human capital development. Usin... Read more...

Manasi Deshpandi (Chicago), joint with Alessandra Voena and Jason Weitze

Monday 12 June 2023 12:00 - 13:30
CEP Public Events
Hosted with the LSE Festival: People and change
How can economists change our lives?

Covid-19, Brexit, inflation, the energy crisis, and geopolitical tensions have pitched the UK economy into turmoil. After years of stagnation, many people in the UK - one of the world’s wealthiest countries - feel (and a... Read more...

Richard Davies (ESRC Innovation Fellow, CEP), Minouche Shafik (Director, LSE), Zanny Minton Beddoes (The Economist), Linda Yueh (Oxford University)

Monday 12 June 2023 18:30 - 19:45
Labour Markets Workshops
Edutainment, social network, and ethnic discrimination in rural Bangladesh

Read more...

Abu Siddique (KCL and IFS), joint with Michael Vlassopoulos, Yves Zenou, and Asad Islam

Tuesday 13 June 2023 12:55 - 14:00
CEP Public Events
Hosted with LSE Festival: People and Change, and the LSE Department of Social Policy
The road to net-zero: how to seize opportunities and manage change

Tackling climate change requires significant and rapid economic and societal change.... Read more...

Liam F Beiser-McGrath (LSE, Department of Social Policy), Chris Skidmore (Member of Parliament for Kingswood), Elizabeth Robinson (Grantham Research Institute on Climate Change), Anna Valero (CEP), Rain Newton-Smith (CBI)

Tuesday 13 June 2023 13:00 - 14:00
International Economics Workshops
Global Robots

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Fabrizio Leone (ULB ECARES and CEP)

Wednesday 14 June 2023 11:00 - 12:00
CEP/LSE International Economics Seminars
The pro-competitive effects of trade agreements

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Meredith Crowley (Cambridge)

Wednesday 14 June 2023 12:30 - 14:00
Policing and Crime Workshop
Stopped by the Police: The End of 'Stop-and-Frisk' on Neighborhood Crime and High School Dropout Rates

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Jonathan Tebes (University of Notre Dame)

Wednesday 14 June 2023 16:00 - 17:00
CEP Public Events
Hosted with the LSE Festival: People and Change, and the LSE Department of Sociology
Smashing the class ceiling

Lessons in how to improve social mobility: what we can do, how we can do it and why it’s not being done already.... Read more...

Stephen Machin (LSE and CEP), Lee Elliot Major (Sutton Trust), Sam Friedman (LSE), Sophie Pender

Friday 16 June 2023 13:00 - 14:00
CEP Public Events
Hosted with The Economy 2030 Inquiry, POID, the Resolution Foundation and the Nuffield Foundation
CEP-POID-Economy 2030 Inquiry Workshop

Discussing and informing ongoing research and the formulation of policy proposals... Read more...

Various speakers

Wednesday 05 July 2023 12:30 - 17:30
CEP Public Events
Hosted with LSE Department of Economics, Sticerd Economics of Environment and Energy Programme, International Growth Centre and POID.
LSE Environment Week, 2023

Encouraging economists from all fields of economics to work on environmental issues and to connecting research to policy change.... Read more...

Various speakers

Monday 11 September 2023 - Friday 15 September 2023
CEP Public Events
Hosted with the Becker Friedman Institute for Economics at the University of Chicago
Conference on the economics of crime and justice, 2024

A two day conference discussing recent work on the economics of crime and the criminal justice system.... Read more...

Various speakers

Friday 31 May 2024 - Saturday 01 June 2024

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