Jonathan Haskel's Blog

An occasional blog on economics. Designed for students and those interested in Economics topics.

Wednesday, 30 April 2025

US and UK TFP since the pandemic

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 The BLS has just published an update on US labour and TFP growth .  Heres a graph of  private non-farm business. Red is TFP growth, dark bl...
Tuesday, 29 April 2025

Tariffs and the UK economy

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 1. There are lots of conflicting effects of tariffs on UK inflation and activity.  They are set out by Megan Greene in a very interesting r...
Tuesday, 22 April 2025

What is a log point? 100*ln(new/old).

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 Nerdy. Often when doing growth in Economics, we use change in natural logs.   For a change to y from x, the log point change = 100*ln(y/x)....
Monday, 24 March 2025

Planning again

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 The brilliant Sam Dumitriu ,  points us to the Bristol and Portishead  rail link.  from a brilliant piece by Ben Hopkinson .  The project w...
Wednesday, 5 March 2025

Index numbers and base year weights

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 Crafts and Harley have a neat guide to some index number problems. 1. they imagine an economy with  Year o: 10 bricks at 1 (io% of current...
Tuesday, 25 February 2025

Trade and Trump

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 A brilliant podcast with Martin Wolf and Richard Baldwin .  " Martin Wolf talks to Richard Baldwin: What’s the future of global trade...
Wednesday, 19 February 2025

Defence spending: getting a sense of the numbers

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 1. If we have to spend more on defence, what is the scale of those numbers? 2. The ever brilliant IFS have a " what does the governmen...
Friday, 7 February 2025

Do monetary incentives crowd out pro-social behaviour

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 1. This has always struck me as a potentially important critique of standard economic assumptions.  The ever brilliant Chris Dillow notes t...
Thursday, 6 February 2025

Bank of England Monetary Policy Report, February 2025

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 Is very downbeat.  My notes are here .
Monday, 3 February 2025

Intangibles and Industry Concentration

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 Very pleased to see this article.  Why has industry concentration risen? Because of intangibles.... Intangibles and Industry Concentratio...
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Jonathan Haskel
Our new book is "Restarting the Future: how to fix the intangible economy" with Stian Westlake, Princeton University Press, https://press.princeton.edu/books/hardcover/9780691211589/restarting-the-future. I am Professor of Economics at Imperial College Business School, Imperial College London, England. My research is on growth, innovation and the knowledge economy. Since September 2018 I have been an external member of the Bank of England Monetary Policy Committee. Views on this blog are my own. My website is http://www.imperial.ac.uk/people/j.haskel
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