Linda Yueh
@lindayueh.bsky.social
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 ..
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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
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
Economics
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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...
www.lindayueh.com/books
www.amazon.co.uk/Great-Econom...
www.amazon.co.uk/Great-Crashe...
Catch my take at 6:05am on the UK Budget #bbc5live and again as presenter’s friend from 5-6pm #channel5news
The best podcasts and radio shows of the week
Not sure what to listen to? This is your ultimate audio guide, updated weekly by our critics
www.thetimes.com
Friday All Change for Gyles Brandreth (Radio 4 Extra, 10.30)
Brandreth sets out to find out if change is good for our wellbeing by talking to the economist Linda Yueh, the fashion consultant Melanie Rickey and the political strategist Alastair Campbell.
www.thetimes.com/culture/tv-r...
Brandreth sets out to find out if change is good for our wellbeing by talking to the economist Linda Yueh, the fashion consultant Melanie Rickey and the political strategist Alastair Campbell.
www.thetimes.com/culture/tv-r...
Monetary policy transmission through cross-selling banks
When central banks raise or lower policy rates, banks typically pass these changes through only incompletely to the interest rates they pay on customer deposits. As a result, customers tend to reduce their bank deposits following policy rate hikes and increase them following cuts. This column proposes a new framework that reconciles incomplete pass-through and deposit losses. The authors show how banks optimise not just current deposit profits but also the lifetime value of each client, and how this matters for the transmission of monetary policy.
cepr.org
When policy rates are negative, banks often pay deposit rates above policy rates, eg Switzerland, Scandinavia, and the euro area. In fact, banks often pay deposit rates above policy rates not only when policy rates are negative, but also when they are low.
cepr.org/voxeu/column...
cepr.org/voxeu/column...
Elvis’ ghost, Jordan’s Airness, and the new economics of publicity rights
Copyrights and have long been core to the economics of innovation and creativity, but publicity rights have rarely been analysed in economic terms. This column exploits differences in US state laws that determine whether a celebrity keeps control of their likeness after death to test how losing publicity rights affects postmortem popularity, commercial activity, and reliance on other intellectual property protections. The findings suggest that managing a celebrity brand now requires an integrated intellectual property strategy balancing copyright, trademark, and persona protection. Artificial intelligence, which can replicate voices, faces, and gestures – with or without permission – raises the stakes.
cepr.org
Following a historic $2.8 billion settlement with the National Collegiate Athletic Association (NCAA) in 2024, US student-athletes can now be paid for the commercial use of their name, image, and likeness.
cepr.org/voxeu/column...
cepr.org/voxeu/column...
Assessing the Commission’s Multiannual Financial Framework proposal: First-order principles
Since the European Commission’s 2028-34 Multiannual Financial Framework proposal in July, much has been written about its ambitions, the levels of funding involved, and its structure and priorities. This column argues that the proposal scores high on composition and flexibility, but poorly on size. The EU budget will likely fall prey of the logic of the ‘juste retour’ that is heightened by the identity politics prevailing in most EU countries. Keeping the public’s attention alive on the geopolitical and economic challenges will be key to reduce that risk.
cepr.org
Almost 2/3rds of current EU budget devoted to the Common Agricultural Policy (CAP) & Cohesion Policy. EC proposes to radically change this by relatively boosting competitiveness, research & innovation, digital, defence, while still giving agriculture, cohesion a major share
cepr.org/voxeu/column...
cepr.org/voxeu/column...
Credit and product innovation in emerging markets: Evidence from India
Access to finance is an important driver of innovation in developed countries. This studies a 2006 reform in India that expanded credit access for many small Indian manufacturing firms, and finds a nuanced relationship between credit and innovation. Among firms that face few non-financial barriers, credit access fosters innovation, as in advanced economies. But for the average firm, additional barriers hinder their ability to translate credit into new and better products, diluting the effect of credit on innovation. Instead, these firms use credit to scale their existing operations and fully utilise current capacity.
cepr.org
India has a long history of supporting credit access for micro, small, and medium-sized enterprises. In 2006, the government expanded access for these schemes by raising the size threshold for eligibility. Long-term loan balances increased by 12% for newly eligible firms.
cepr.org/voxeu/column...
cepr.org/voxeu/column...
In jurisdictions with AI adoption, financial institutions most commonly use AI for customer service, fraud detection, and anti-money laundering (AML)/combating the financing of terrorism (CFT) and know your customer (KYC) compliance
cepr.org/voxeu/column...
cepr.org/voxeu/column...
Public money, private innovation: How government funding built – and sustains – America’s technological leadership
The US has long been the world’s innovation powerhouse, based on a system that combines public funding with private initiative. Yet this model is under strain. Using newly digitised US patent data since 1950, this column shows that publicly funded but privately owned patents – just 2% of all US patents – account for around 20% of medium-term fluctuations in productivity and GDP growth. As funding cuts threaten the most productive funders of public R&D, the authors argue that America’s innovation edge rests on the visible hand of public support for basic research.
cepr.org
Research finds that publicly funded but privately owned patents – just 2% of all US patents – account for around 20% of medium-term fluctuations in productivity & GDP growth. They argue America’s innovation edge rests on the visible hand of public support for basic research.
cepr.org/voxeu/column...
cepr.org/voxeu/column...
The unbearable lightness of the sovereign greenium
Since 2016, many governments have issued ‘green’ debt instruments to support the transition to a low-carbon economy. This column shows that a yield discount on green sovereign bonds, or ‘greenium’, exists but is very small, around two basis points in advanced economies and 13 basis points in emerging markets. Still, the greenium rises when climate transition risks are salient and for issuers more vulnerable to climate change. Going forward, governments and international institutions should strengthen the credibility of green-bond frameworks, integrate climate priorities into the budget process, while also recognising that sovereign green bonds are not a fiscal panacea.
cepr.org
Since 2016, many governments have issued ‘green’ debt instruments to support the transition to a low-carbon economy. A yield discount on green sovereign bonds, or ‘greenium’, exists but is very small, around 2 basis points in advanced economies, 13 bps in emerging markets.
cepr.org/voxeu/column...
cepr.org/voxeu/column...
On 25 June 2025, NATO’s 32 member states pledged to increase national defence spending to 5% of GDP annually by 2035, with 3.5% specifically allocated to core defence expenditures. This historic commitment marks a significant departure from the long-standing 2% benchmark.
cepr.org/voxeu/column...
cepr.org/voxeu/column...
Conflict in dismissals: Evidence from ‘separations by mutual agreement’ in France
Dismissals are costly and are often subject to stringent employment protection regulations. This column explores how France’s 2008 introduction of separation by mutual agreement affected separation patterns. Despite fast and wide adoption of such agreements, they only replace a small share of dismissals and substitute more for quits rather than dismissals. Highly conflictual dismissals remain unchanged. The reform failed to improve employer–employee relations during separations and added costs to the unemployment insurance scheme.
cepr.org
France, known for conflictual labour relations. For instance, 25% of dismissals for personal reasons (which were about 77% of all dismissals, as opposed to collective or economic dismissals) are litigated in labour courts, and about 60% of first-instance rulings are appealed
cepr.org/voxeu/column...
cepr.org/voxeu/column...
The EU economy grew stronger than expected in recent quarters and all member states are set to return to growth in 2025. Modest but steady economic growth is expected to continue in 2026 and 2027
cepr.org/voxeu/column...
cepr.org/voxeu/column...