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Linda Yueh

@lindayueh.bsky.social

4.1K followers 210 following 1.7K posts

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 .. more

Linda Yi-Chuang Yueh is a Taiwanese-born British-American economist, lawyer, broadcaster, and author. Yueh is an adjunct professor of economics at London Business School, and a fellow in economics at St Edmund Hall, Oxford University. She was also a visiting professor at Peking University and associated with both the Centre for Economic Performance and IDEAS research centres at the London School of Economics (LSE). .. more

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Linda Yueh @lindayueh.bsky.social · May 11

The Great Economists and The Great Crashes are both economic history books that draw lessons from history to help with current challenges and opportunities

www.lindayueh.com/books

www.amazon.co.uk/Great-Econom...

www.amazon.co.uk/Great-Crashe...

Linda Yueh @lindayueh.bsky.social · 2h

In one online experiment, a ChatGPT-enabled group experienced a 40% reduction in average time spent on tasks and an 18% improvement in output quality.
cepr.org/voxeu/column...

The double-edged sword of AI: Potential for productivity, solutions, and societal risks

Quantitative analysis of how AI impacts our professional lives, the integrity of organisations, and even our cognitive skills is essential to harness the power of these new technologies. This column summarises evidence on some of the benefits AI can bring and also the complex challenges it presents, and highlights the need to create a system that will allow AI and other new technologies to contribute to solving global challenges and social issues.

Linda Yueh @lindayueh.bsky.social · 2h

Investment in software appears to be three times higher in France than in Germany, while organisational capital is two-and-a-half times larger. Since software contributes to official GDP calculations, such discrepancies in measurement impact the level of GDP
cepr.org/voxeu/column...

Intangible capital in France and Germany: Measurement issues and their impact on productivity

Closing the productivity gap between the US and Europe will require large investments in intangible capital and new technologies. Using 1995-2021 data from the 2025 EUKLEMS/INTANProd release, this column highlights significant differences in intangible capital investment between France and Germany. Investment in software appears to be three times higher in France than in Germany, while organisational capital is two-and-a-half times larger. Since software, unlike organisational capital, contributes to official GDP calculations, such discrepancies in measurement impact the level of GDP – most notably for Germany, where reported software investment appears unrealistically low.

Linda Yueh @lindayueh.bsky.social · 2h

500 financial institutions (representing over $100 trillion in balance sheets) have already developed voluntary transition plans
cepr.org/voxeu/column...

Bank climate commitments and green lending in emerging markets

The low-carbon transition requires substantial financial mobilisation, yet it is unclear whether banks' public climate commitments represent real change or simply greenwashing. This column uses unique survey data from 335 banks across 33 emerging markets to examine their internal green practices and lending approaches. The authors find that climate-committed banks score substantially higher on green management and lending practices, their borrowers are more likely to make green investments, and environmentally oriented firms preferentially match with green banks locally. These patterns suggest voluntary climate initiatives in emerging markets can represent meaningful organisational differences and not just cheap talk, though uneven adoption also reveals the limits of voluntary approaches.

Linda Yueh @lindayueh.bsky.social · 2h

Global share of people aged 65+ has grown in past 25 years from 6.8% to 10.4% & projected to reach 16.3% by 2050. Number of people reaching 65 years (‘old’) projected to increase from 421.8m to 1.6 bn, and those reaching 85 (‘oldest old’) from 29.9 million to 215.6 million
cepr.org/voxeu/column...

The enormous economic burden of age-related diseases in South America

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.

Linda Yueh @lindayueh.bsky.social · 2h

Surveys with information provision experiments, a form of randomised control trials, have become popular in economics. For example, the variable of interest in a survey may be inflation, the relevant action may be consumption spending.
cepr.org/voxeu/column...

Rational inattention and information provision experiments

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.

Linda Yueh @lindayueh.bsky.social · 2h

The year 2024 was confirmed by the Copernicus Climate Change Service to be the warmest year on record globally, and the first calendar year that the average global temperature exceeded 1.5°C above its pre-industrial level.
cepr.org/voxeu/column...

Integrating pollution registers for corporate climate-risk assessment

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.

Linda Yueh @lindayueh.bsky.social · 2h

Data on 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 than those that did not.
cepr.org/voxeu/column...

How firms respond to import competition: Labour force reduction, product/industry switching, and off-shoring

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.

Linda Yueh @lindayueh.bsky.social · 3h

Catch my monthly appearance at 10:40 ET #bizbriefing #siriusxm

Reposted by Linda Yueh

Linda Yueh @lindayueh.bsky.social · 1d

Cross Question with Iain Dale (LBC, 8 p.m.): Former Home Secretary Amber Rudd … former Labour PPC Jovan Owusu-Nepaul … University of Oxford economist Linda Yueh
www.politico.eu/newsletter/l...

London Playbook PM: Clinging seems to be the fashion

Presented by Lloyds Banking Group By EMILIO CASALICCHIO with NOAH KEATE PRESENTED BY Send tips here | Subscribe for free | Listen to Playbook and view in your browser Good afternoon. This is Emilio…

www.politico.eu

Linda Yueh @lindayueh.bsky.social · 1d

WB: Digital services exports surged by 125% among middle-income economies from 2015-2024, outpacing growth of 90% among high-income economies.
Growth accelerated after COVID-19 pandemic lockdowns prompted people to rely on digital services. By contrast, global merchandise exports grew by just 47%.

Linda Yueh @lindayueh.bsky.social · 3d

Great to see my #greatcrashes #book referenced
www.investorschronicle.co.uk/content/1ca5...

Is the UK really heading for an economic crisis?

Why the Budget shouldn’t trigger a meltdown (this time . . .)

www.investorschronicle.co.uk

Linda Yueh @lindayueh.bsky.social · 3d

CfM @niesrorg.bsky.social survey (includes me): Why are UK Government Borrowing Costs So High?

Panel was quite clear that the causes of the high UK borrowing costs can be attributed to a combination of inflation expectations and concerns about fiscal sustainability
www.cfmsurvey.org/listsurveys/...

Why Are UK Government Borrowing Costs So High?

Experts responding to the CfM-NIESR survey reveal the main factors driving the UK's high borrowing costs. They agree it is inflation expectations and fiscal sustainability concerns.

www.cfmsurvey.org

Linda Yueh @lindayueh.bsky.social · 5d

The stock market participation puzzle – the observation that few households invest in the stock market – has attracted attention for decades.
cepr.org/voxeu/column...

Stock market participation and financial education in the digital age

Stock market participation remains low, especially among the older, less affluent, and less educated households, despite its clear benefits for wealth preservation and growth. Although digitisation has reduced some barriers, many households remain disengaged. Using data from a Chinese investment platform, this column shows that digital nudges and financial education via the platform increase stock market participation, promote portfolio diversification, and improve risk-adjusted returns, even among the older, less educated, and less affluent individuals. Digital platforms can help democratise finance by delivering scalable, low-cost financial education.

Linda Yueh @lindayueh.bsky.social · 5d

Research measures the extent and tone of firms’ discussions of GenAI in earnings calls, and finds that early engagement with AI topics boosted stock market performance beyond the immediate impact on expected earnings.
cepr.org/voxeu/column...

What corporate earnings calls reveal about the AI stock rally

The launch of ChatGPT in late 2022 marked a turning point in how firms and investors view generative artificial intelligence. This column measures the extent and tone of firms’ discussions of GenAI in earnings calls, and finds that early engagement with AI topics boosted stock market performance beyond the immediate impact on expected earnings.

Linda Yueh @lindayueh.bsky.social · 5d

2/ The probability of getting published in a top-five journal is close to zero. In Sweden, since 2010, there has been on average only 1 annual article in a top-5 journal authored solely by Sweden-based economists who had not previously published in those outlets. Similar figures hold across Europe.