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Centre for Economic Policy Research @cepr.org · 16h

📢 #CallForPapers - CEPR-IO Virtual Gathering
Interested PhD candidates attending European universities are invited to submit a draft of their job market paper by 26 October for consideration to present at the next CEPR-IO virtual gathering.
More information: cepr.org/events/cepr-...
#EconSky

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VoxEU @ CEPR @voxeu.org · 21h

@enghin-atalay.bsky.social, Ali Hortacsu, Nicole Kimmel, & Chad Syverson argue that standard measurements understate true #productivity growth in the US #manufacturing sector, especially in industries were it is difficult to track changes in quality growth.
cepr.org/voxeu/column...
#EconSky

A chart showing measured and corrected total factor productivity growth in various sectors of US manufacturing.

Manufacturing is a locus of innovation, yet standard industry data show manufacturing productivity stagnating in the US. This column argues that standard measurements understate true productivity growth in the sector, especially in industries where it is difficult to track changes in quality growth. Comparing producer and consumer price indexes, the authors show that ‘missing’ quality growth in standard industry output deflators is substantial in manufacturing and results in total factor productivity growth being understated. This is heavily driven by the Computer and Electronic Products industry, which is highly innovative and produces goods that have rapid turnover in product characteristics.

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VoxEU @ CEPR @voxeu.org · 21h

Nan Li, Sergii Meleshchuk, & @zymek.bsky.social introduce the new Bilateral Trade in Services (BiTS) database, which tracks services flows between countries over time and at the detailed sector level. They document a declining distance elasticity for services trade.
cepr.org/voxeu/column...
#EconSky

Graph of the Bilateral Trade in Services (BiTS) database coverage.

While trade debates focus on tariffs and goods, services have quietly defied deglobalisation and become an increasingly important driver of growth. Services trade not only generates productivity spillovers and labour-market gains, but it is also where future policy tensions could emerge. Yet services trade remains under-measured and under-studied. This column introduces the new Bilateral Trade in Services (BiTS) database, which tracks services flows between countries over time and at the detailed sector level. It documents a declining distance elasticity for services trade in recent years, which is driven by the growing importance of less distance-sensitive service categories.

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VoxEU @ CEPR @voxeu.org · 21h

Nobel Laureate Joel Mokyr, Avner Greif, & Guido Tabellini discuss their recent book in which they argue institutions and culture played a key role in setting Europe and China on divergent paths of economic and political development.
cepr.org/voxeu/column...
#EconSky

Avner Grief, Joel Mokyr, and Guido Tabellini

The starkly different paths of economic and institutional development followed by China and the West is often attributed largely to the Industrial Revolution. This column argues that institutions and culture played a key role in setting Europe and China on divergent paths well before the onset of the Industrial Revolution, but the role they played was mediated by a critical difference between the two civilisations: the nature of their prevalent social organisations. A key factor behind China’s remarkable economic resurgence has been its capacity to adapt traditional institutions and cultural practices to the needs of a modern economy.

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Centre for Economic Policy Research @cepr.org · 1d

Congratulations to the 2025 Economics Nobel Laureates, CEPR Research Fellow and Distinguished Fellow Philippe Aghion, and Peter Howitt and Joel Mokyr. Their work has been vital to our understanding of innovation-driven economic growth.
Read the full news item here:
cepr.org/about/news/p...

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Cristina Caffarra @cristinacaffarra.bsky.social · 1d

Rich discussion of AI #acquihires (when are they a problem, what shld antitrust do?) turned into broader debate on “do we have a competition problem w Al & what is it?”

Fireside w J Kanter, fab panel @florianederer.bsky.social @igorletina.bsky.social @lugaricano.bsky.social I Marinescu, H Zenger 1/

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VoxEU @ CEPR @voxeu.org · 1d

European scholarly networks in the Middle Ages and early modern period were a key channel for the spread of knowledge across time and space. The long-lasting academic institutions made the difference.
David De La Croix, Rossana Scebba, Chiara Zanardello
cepr.org/voxeu/column...
#EconSky

A network graph of European scholarly affiliations in 1730. Red nodes mark scholars in the largest connected subnetwork and grey nodes are members of smaller components or isolates.

Since the Middle Ages and throughout the early modern period, European universities and academies established dense webs of interpersonal connections among scholars. Using historical data on European scholars and their academic affiliations, this column argues that such networks were a key channel for the spread of knowledge across time and space. Especially without the dense networks offered by academies, where scholars could simultaneously hold multiple affiliations, ideas would spread only locally and fade. It was not the ideas themselves but the long-lasting institutions around them (or lack thereof) that made the difference.

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VoxEU @ CEPR @voxeu.org · 1d

Data from Japanese firms from 1997 to 2015 show that rising imports have led many firms to reduce their workforce, but firms that engaged in product switching experienced less severe employment losses.
Tadashi Ito, Toshiyuki Matsuura
cepr.org/voxeu/column...
#EconSky

Graph of the share of manufacturing employment in Japan from 1995 (20.8%) to 2015 (15.3%).

As global trade has expanded, many studies have documented the level of impact of import competition on employment, but we know less about how firms adapt. This column uses data on Japanese firms from 1997 to 2015 to show that rising imports have led many firms to reduce their workforce, but firms that engaged in product switching experienced less severe employment losses than those that did not. Offshoring also plays a crucial role in mitigating the adverse effects of import competition.

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VoxEU @ CEPR @voxeu.org · 1d

Pollution registers can provide an actionable picture of climate transition and physical risks in a simplified and cost-effective framework, ultimately fostering a more resilient and sustainable global economy.
Szilard Erhart, Sándor Szabó, Kornél Erhart
cepr.org/voxeu/column...
#EconSky

Map of heat risk of industrial company sites in the sample. Australia, Southern Europe, and much of the United States faces significant heat risk.

Corporate climate risk disclosures are costly and often a mere box-ticking exercise. In November 2024, the Omnibus Environmental, Social and Governance Regulation was announced in Europe to consolidate and simplify the phasing-in of corporate sustainability reporting requirements while maintaining strong ESG commitments. This column discusses how leveraging pollution registers can provide an actionable picture of climate transition and physical risks in a simplified and cost-effective framework, ultimately fostering a more resilient and sustainable global economy.

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Centre for Economic Policy Research @cepr.org · 1d

CEPR Discussion Papers Week Ending 12/10/2025 -

mailchi.mp/cepr/cepr-di...

CEPR Discussion Papers Week Ending 12/10/2025 -

https://mailchi.mp/cepr/cepr-discussion-papers-week-ending-13568571

Centre for Economic Policy Research @cepr.org · 1d

The CEPR Advanced Forum in Financial Economics (CAFFE) continues on 14 Oct @ 14:00 CEST.

🗣️Marcin Kacperczyk (Imperial College London & CEPR) presents 'Infrastructure Capacity, Risk, and Firm Value: Evidence from U.S. Electricity Tightness'

cepr.org/events/event...
#EconSky

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VoxEU @ CEPR @voxeu.org · 4d

What if Europe had a Carbon Central Bank to finance future carbon removal?

Matthias Kalkuhl (@pik-potsdam.bsky.social) joins @talknormal.co.uk to discuss how such an institution could work — and why bold policymaking is needed.

🎧 Listen here:
cepr.org/multimedia/e...

#EconSky

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Centre for Economic Policy Research @cepr.org · 4d

Congratulations to CEPR Fellow Dennis Novy on his appointment as Chief Economist and Director of Analysis at the FCDO. Affiliated with CEPR since 2011, Dennis Novy specialises in international trade and macroeconomics.

cepr.org/about/news/d...

#EconSky

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Centre for Economic Policy Research @cepr.org · 4d

Join us online for a webinar on Fiscal Monitor October 2025: “Spending Smarter: How Efficient and Well-Allocated Public Spending Can Boost Economic Growth”
27 Oct -15:00 GMT
Presenter: Davide Furceri (IMF)
Moderator: @antoniofatas.bsky.social (INSEAD)
Register here: cepr.org/events/fisca...
#EconSky

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Centre for Economic Policy Research @cepr.org · 18d

📢 #CallForPapers - Global Firms and Knowledge Diffusion
The First #Workshop on Global Firms will be held at IMT School for Advanced Studies in Lucca, Italy on December 18-19 2025.
Keynote speakers: Peter Egger & Daria Taglioni
Submit your paper by 20 October: cepr.org/events/globa...
#EconSky

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Centre for Economic Policy Research @cepr.org · 25d

📢ReCIPE’s first call for Big Research Grants is opening soon! Deadline: 27 October. We’re looking for research proposals exploring the links between conflict and economic growth within ReCIPE research themes and in ReCIPE focus countries.
recipe.cepr.org/funding/big-...
#EconSky

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VoxEU @ CEPR @voxeu.org · 5d

Bartosz Mackowiak finds that, in a model of rational inattention, the balance of two counteracting effects, attention-in-daily-life and attention-during-the-survey, are crucial to determine the treatment effect from information provision experiments.
cepr.org/voxeu/column...
#EconSky

Surveys with information provision experiments have become popular in economics. This column introduces an information provision experiment in a model of rational inattention – where information requires paying attention, which is costly – to study the implications of experimental findings for behaviour outside the survey. It highlights that the balance of two counteracting effects, attention-in-daily-life and attention-during-the-survey, are crucial to determine the treatment effect from information provision. Furthermore, it shows how the model can be used to interpret findings from existing experiments, derives implications for behaviour outside the survey, and suggests implications for central bank communication.

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Centre for Economic Policy Research @cepr.org · 6d

@michaelrstrain.bsky.social explored this topic in a recent column for VoxEU. He argues US manufacturing is not in crisis and manufacturing jobs do not deserve special attention. A trade war is likely to decrease employment in the sector rather than increase it.
cepr.org/voxeu/column...
#EconSky

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Centre for Economic Policy Research @cepr.org · 6d

Reminder! Our Economics of Longevity & Ageing webinar series kicks off next month, on 19 Nov!
With Amy Finkelstein Massachusetts Institute of Technology presenting 'Elderly Health & Longevity in the US'
Register: https://cepr.org/events/event-series/economics-longevity-ageing-webinar-series
#EconSky

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Centre for Economic Policy Research @cepr.org · 6d

📢 #CallForPapers - European Research Workshop in International Trade 2026
We invite papers on topics related to international #trade, foreign direct investment, #migration, automation, and other issues related to #globalisation.
Deadline: 14 December
cepr.org/events/europ...
#EconSky #EconConf

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Centre for Economic Policy Research @cepr.org · 6d

🎉The 100th session of IMHOS will take place on 22 Oct with a panel on Geoeconomics. If you aren't registered for the series, now is the time!
🗣️@dalecopeland.bsky.social, @jesseschreger.bsky.social, Christoph Trebesch
Chaired by: Kris Mitchener
Register: cepr.org/events/event...
#EconSky

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VoxEU @ CEPR @voxeu.org · 6d

Maddalena Ferranna et al. find from 2020 to 2050, #health burdens will cost South American countries $7.3 trillion in lost GDP, equivalent to a 4% annual tax on GDP. Prevention, healthcare reform, & age-friendly policy can turn this burden into a longevity dividend.
cepr.org/voxeu/column...
#EconSky

A diagram of the macroeconomic model of how non-communicable diseases and mental health conditions impact economic growth via three channels: morbidity, mortality, and health expenditure.

As populations age, noncommunicable diseases and mental health conditions are draining South American economies, reducing labour supply and diverting resources from investment. This column presents a macroeconomic model for ten South American countries to examine the effects of noncommunicable diseases and mental health conditions on healthcare costs and human capital. The findings suggest that from 2020 to 2050, health burdens will cost these countries $7.3 trillion in lost GDP, equivalent to a 4% annual tax on GDP. Investing in prevention, healthcare reform, and age-friendly policies can turn this burden into a longevity dividend.

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Centre for Economic Policy Research @cepr.org · 7d

The CEPR Virtual Industrial Organisation Seminar #VIOS Series continues on 15 October featuring Alejandro Sabal (Yale University) presenting: 'Product Entry in the Global Automobile Industry'
Discussant: @fmontag.bsky.social
cepr.org/events/event...
#EconSky

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CSAE @oxfordcsae.bsky.social · 7d

PEDL 15th Anniversary Conference @cepr.org

Bringing together researchers studying the behaviour of firms in low-income countries & focusing on the market forces that drive efficiency in these countries.

📅26 - 28 Mar 2026
📍Oxford, UK

⏰Submission deadline: 20 Oct
cepr.org/events/pedl-...

PEDL 15th Anniversary Conference

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Centre for Economic Policy Research @cepr.org · 7d

In their 2024 article for VoxEU, Spencer Bastani & Daniel Waldenström argued that overall, capital income taxes offer a more practical approach to taxing the wealthy in advanced economies.
cepr.org/voxeu/column...
#EconSky

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