Economist at St Edmund Hall, University of Oxford & London Business School Author of The #GreatCrashes & #GreatEconomists https://www.amazon.co.uk/gp/aw/d/024198808X/ LinkedIn: linkedin.com/in/lindayueh IG: instagram.com/lindayueh W: www.lindayueh.com
On place-based policies, respondents to CfM survey of economists were divided on whether improving productivity in lower-performing regions would significantly raise national productivity or mainly shift activity away from London and the South-East. www.cfmsurvey.org/listsurveys/...
Devolution and UK Policy AlternativesExperts responding to the CfM-NIESR survey downplayed the potential that greater devolution has on UK economic growth relative to other policy approacheswww.cfmsurvey.orgReviewing similar initiatives, pay transparency typically reduces gender pay gaps by 1–3 percentage points. In Denmark, for example, a 2006 reform narrowed the gap mainly through slower wage growth for men rather than higher wages for women cepr.org/voxeu/column...
The new EU Pay Transparency Directive may reshape wages and the gender pay gapEqual pay for equal work has been a core EU principle since 1957, yet women across Europe continue to earn less than men, even in very similar jobs. As EU countries begin implementing the new Pay Tran...cepr.orgUnder the Sino-Soviet Treaty of Friendship, Alliance and Mutual Assistance, the USSR assisted China in constructing 149 large industrial facilities – so-called “Million-Rouble Plants” – in the 1950s. cepr.org/voxeu/column...
Place-based industrial policies in the long runThere is growing evidence that place-based industrial policies lead to positive economic effects. This column analyses the “Million-Rouble Plants” programme of the 1950s when the Soviet Union helped C...cepr.orgIn April, the World Bank projected energy prices to surge by 24% this year, after attacks on energy infrastructure and shipping disruptions in the Strait of Hormuz triggered what it described as the largest oil supply shock on record cepr.org/voxeu/column...
How oil price shocks redraw the map of conflictOil price shocks do not simply make conflict more likely everywhere; they change where violence happens. Using monthly georeferenced data for 131 low- and middle-income countries from 1989 to 2021, th...cepr.orgMore than a decade after its creation, the banking union remains incomplete. Supervision has been centralised, and a common resolution framework has been created, but deposit insurance remains national. cepr.org/voxeu/column...
Achieving a European Banking Union without increasing risksEuropean banking remains fragmented, leaving billions of euros inefficiently allocated. Reforms to establish a European deposit insurance system have been proposed to allow cross-border banking groups...cepr.orgAccess to lifelong learning opportunities remains limited and unequal. Globally, only 16% of workers engaged in structured learning in the last 12 months: at around 15% in lower-middle- and upper-middle-income countries and around 17% in low-income and high-income countries cepr.org/voxeu/column...
Lifelong learning is becoming increasingly important in response to labour market transformationsAs digital, environmental, and demographic transformations reshape labour markets, skills influence who benefits from these changes and who falls behind. This column presents the findings of an Intern...cepr.orgCapital mobility has been legally guaranteed within the EU since the 1993 Maastricht Treaty. Yet de facto integration remains strikingly limited. Cross-border loans to firms account for only 1% of all euro area loans and for just 5.6% of total euro area lending since 2019. cepr.org/voxeu/column...
Why Europe's banks stay home: Regulatory fragmentation and the cost of an incomplete banking unionDespite major institutional reforms, the European Banking Union remains incomplete. Banking markets remain fragmented along national lines, which constrains Europe’s growth potential. This column uses...cepr.orgResearch finds that long stretches of populist rule leave a deep mark: after 15 years with populist leaders, GDP per capita is on average about 10% lower than under a non‐populist counterfactual cepr.org/voxeu/column...
Don’t drain the swamp! Populism, bureaucracy, and economic performancePopulist leaders increasingly cast public sector experts, oversight bodies, and career civil servants as illegitimate ‘elites’ standing in the way of the popular will. But bureaucratic institutions ma...cepr.orgThe sample covers 29 large Russian refineries from June 2022 to May 2026. Twenty-two sustain at least one verified direct hit. cepr.org/voxeu/column...
After the fire: How Ukrainian strikes disrupt local economies around Russian refineriesMeasuring the local economic effects of Ukrainian long-range strikes on Russian oil refineries is difficult because reliable local data are scarce and both information and statistics are tightly contr...cepr.org
"When these England players appeared on the pitch some 90 minutes before kick-off here in the intense Miami heat, they did cut the figure of a tour group that had just been dropped at the wrong airport terminal." Saka hat-trick in best World Cup finish since 1966 www.thetimes.com/sport/footba...
Bukayo Saka hat-trick helps England restore some pride in crazy thrillerFrance 4 England 6: Side nearly blow 4-0 lead but Arsenal winger, with goals from Declan Rice, Ezri Konsa and Jude Bellingham, helps seal best World Cup finish since 1966www.thetimes.com70 episodes across 51 economies from 1980-2024 excluding crisis-driven adjustments in which cyclically adjusted current account balances move by at least 3 percentage points of GDP & are sustained for at least 3 years, with at least half the adjustment maintained afterwards cepr.org/voxeu/column...
How large current account imbalances unwind: Evidence from historical adjustment episodesGlobal imbalances are back in the policy debate. This column examines 70 current account adjustment episodes across 51 economies from 1980 to 2024 to discover how large imbalances have unwound in the ...cepr.orgIn Greece, the most notable pattern is broad-based catch-up: GDP has moved above its pre-Covid trend, investment has risen sharply from a low base, and TFP contribution is strong. cepr.org/voxeu/column...
The macroeconomic impact of the Recovery and Resilience Facility: An analysis for Italy, Spain, and GreeceThe EU Recovery and Resilience Facility was launched to support post-Covid recovery while accelerating structural transformation through investment and reform. This column provides a preliminary descr...cepr.orgMarketing authorisation has been centralised at the European Medicines Agency since 2004, and clinical assessment is being progressively unified. Yet the decisions that determine whether and when patients are treated, like price and reimbursement, remain strictly national. cepr.org/voxeu/column...
Harmonising access and reinventing the procurement of innovative medicines in EuropeEurope pays for innovative medicines through 27 uncoordinated national negotiations, generating access delays, cross-country pricing externalities, and a weak position vis-à-vis both pharmaceutical fi...cepr.org