Romesh Vaitilingam's Avatar

Romesh Vaitilingam

@econromesh

Economics writer on new findings, policy analysis & commentary from a wide range of researchers & institutions Editor-in-chief of the Economics Observatory; Clark Center for Global Markets, Chicago; VoxEU; NIESR

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Latest posts by Romesh Vaitilingam @econromesh

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Adam Smith: an economist for his times – and ours - Economics Observatory The University of Glasgow recently hosted a week of activities to mark the 300th birthday of the father of economics. Published as part of the celebrations, the Observatory’s latest ECO magazine explo...

#AdamSmith: an economist for his times & ours

On the 250th anniversary of #TheWealthofNations, here's an overview of activities in mid-2023 to mark the 300th birthday of the father of economics

@econ-observatory.bsky.social @uofgasbs.bsky.social

www.economicsobservatory.com/adam-smith-a...

09.03.2026 15:55 👍 3 🔁 2 💬 0 📌 0
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How might the Middle East conflict shape Europe’s inflation outlook? - Economics Observatory A sudden escalation of tensions in the Middle East has once again sent shockwaves through global energy markets. Following coordinated strikes by Israel and the United States against Iran on 28 Februa...

The immediate economic fallout from war in the Middle East lies in oil/gas price spikes & aviation/shipping disruptions; the countries most vulnerable to future inflation from these shocks combine energy import dependency with weak external balances, #UK

www.economicsobservatory.com/how-might-th...

06.03.2026 18:39 👍 2 🔁 1 💬 0 📌 0
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Anatomy of automation The effects of automation on employment may be less severe than often feared, but some workers are more at risk.

Quick read: the effect of automation on manufacturing jobs. By Aniket Baksy Daniel Chandler and Peter John Lambert. In CentrePiece magazine. https://cep.lse.ac.uk/_new/publications/abstract.asp?index=12049

24.02.2026 06:35 👍 0 🔁 1 💬 0 📌 0
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My must-read paper Philippe Aghion recommends research that asks what AI can do for economics

Ahead of his LSE lecture tonight, Philippe Aghion shares the paper that most inspired him in 2025 – Xavier Jaravel and Friedrich Geiecke's study into using AI-led interviews for research.

In CentrePiece magazine.
https://cep.lse.ac.uk/_new/publications/abstract.asp?index=12051

24.02.2026 11:35 👍 2 🔁 1 💬 0 📌 1
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Geographical thinking Making the industrial strategy work in Manchester

An industrial strategy focuses support on specific industries. Aadya Bahl asks how this will play out in Manchester: https://cep.lse.ac.uk/_new/publications/abstract.asp?index=12026

20.02.2026 10:45 👍 1 🔁 1 💬 0 📌 0
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Out now! Latest issue of CentrePiece magazine. On the cover: uni admissions and social mobility. Understanding why some private school pupils end up on better courses than state school peers with the same grades.

https://cep.lse.ac.uk/_new/publications/centrepiece/

20.02.2026 07:00 👍 0 🔁 1 💬 0 📌 0
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We have to stop calling some jobs ‘low skilled’ Freeing ourselves of these labels might help young people to think more creatively about the future

Excellent column.
“Your teachers don’t know what skills will be most valuable in the future. Your parents don’t know. Even the OECD’s head of skills analysis doesn’t know”.

www.ft.com/content/0409...

17.02.2026 08:09 👍 54 🔁 15 💬 5 📌 3
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CEPR & @wipo.int present the online report launch: Where Music Meets Finance: From Music Rights to Alternative Investment
03.03.2026 @ 16h CET | Zoom
W/ @tomvalletti.bsky.social, @cpeukert.bsky.social, Dennis Collopy, Martin Kretschmer, Audu Maikori, & Carsten Fink
cepr.org/events/where...
#EconSky

17.02.2026 13:42 👍 2 🔁 3 💬 0 📌 1
CEP| People | Brian Bell Associate

Congrats to Brian Bell @kingscollegelondon.bsky.social on his appointment as chief economic adviser at HM Treasury & head of UK Government Economic Service; here's background on his research @cep-lse.bsky.social on labour markets, inequality/mobility, immigration, crime cep.lse.ac.uk/_new/people/...

13.02.2026 15:56 👍 0 🔁 1 💬 0 📌 0
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It is with great sadness that we have learnt of the death of our friend and colleague Prof Sir David Metcalf. Together with Richard Layard and Stephen Nickell, David set up the Centre for Labour Economics which became CEP in 1990. Read more:
https://cep.lse.ac.uk/_new/news/abstract.asp?index=11063

09.02.2026 17:05 👍 10 🔁 6 💬 1 📌 3
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How could falling birth rates reshape the global economy? - Economics Observatory More than two-thirds of humanity now live in countries where fertility has fallen below the level needed for a stable population. This fundamental demographic shift is transforming economies, raising ...

More than 2/3 of humanity live in countries where fertility has fallen below level needed for a stable population; this shift is transforming economies, raising questions about ageing populations, shrinking workforces & sustainability of welfare states

www.economicsobservatory.com/how-could-fa...

09.02.2026 09:28 👍 2 🔁 0 💬 0 📌 0
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Capping Credit Card Interest Rates - Clark Center Forum This Finance survey examines: A bipartisan bill to cap credit card interest rates at 10% has been introduced recently in the House and the Senate: https://ocasio-cortez.house.gov/media/press-releases/...

Would capping credit card interest rates at 10% make most users better off? And how would it affect access to credit for low-income borrowers? A year ago, we asked the US finance experts regularly polled by @kentclarkcenter.bsky.social

kentclarkcenter.org/surveys/capp...

05.02.2026 12:07 👍 0 🔁 2 💬 0 📌 0
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Future shocked - Economics Observatory Over half a century ago, futurist Alvin Toffler’s book Future Shock predicted a transformation to super-industrialism: population explosion, information overload in daily life, and hordes of nomadic w...

From digital failures in the UK’s justice system to the Post Office tragedy & widespread anxiety about artificial intelligence across the world, the pace of technological change is testing the capacity of society’s core institutions to adapt & adopt #FutureShock

www.economicsobservatory.com/future

04.02.2026 10:23 👍 0 🔁 0 💬 0 📌 0
The Bank of England’s capital mistake? On 2 December 2025, the Bank of England’s Financial Policy Committee announced it would be lowering the capital requirement for UK banks. This column argues that higher macro-financial risk and sharply reduced fiscal capacity point to a need for higher rather than lower bank capital requirements. The most likely practical effect of this weakening of resilience will be higher payouts to bank shareholders, rather than increased lending to the real economy.

UK financial policy: higher macro-financial risk & sharply reduced fiscal capacity point to a need for higher bank capital requirements rather than the lower ones that @bankofengland.bsky.social announced in December 2025 - David Aikman & John Vickers @voxeu.org

cepr.org/voxeu/column...

20.01.2026 15:54 👍 1 🔁 1 💬 0 📌 0

Clark Center's @econromesh.bsky.social will moderate a session at Chicago Booth’s Economic Outlook on Jan 28th! The panel includes Veronica Guerrieri, Chang-Tai Hsieh, and Luigi Zingales (Faculty Director @stiglercenter.bsky.social).

15.01.2026 16:21 👍 0 🔁 2 💬 0 📌 0
The Independence of the Federal Reserve: Why It Matters
The Independence of the Federal Reserve: Why It Matters YouTube video by Brookings Institution

Ben Bernanke and Janet Yellen on why the independence of the Fed matters: a (very) short video. via @brookings.edu youtu.be/xeIAlIEzlI8

07.01.2026 11:52 👍 6 🔁 6 💬 1 📌 0
€-coin rose slightly in December Positive indications for the performance of services continued to support €-coin, which also benefited from signs of recovery in the construction sector.

Real-time indicator of #Eurozone economy rose slightly in December 2025; positive indications for the performance of services continued to support #Eurocoin, which also benefited from signs of recovery in the construction sector, @cepr.org @voxeu.org

cepr.org/about/news/e...

07.01.2026 10:47 👍 0 🔁 2 💬 0 📌 0
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The Other End of the Stick Unpacking “creative destruction”

'Nimble Romer, resolute Aghion, winsome Howitt, and masterful Mokyr: four different temperaments, at long last together on the same page' - fascinating piece by David Warsh on #EconomicsNobel rivalries

davidwarsh.substack.com/p/the-other-...

06.01.2026 11:10 👍 1 🔁 0 💬 0 📌 0
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Economics of Ideas, Science, and Innovation Online PhD Short Course | Institute for Progress

This online, PhD-level course in the economics of innovation is a huge opportunity.

Taught by some of the world's top scholars on this: @heidiwilliams.bsky.social, Chad Jones, Azoulay, van Reenen, many others! (Also: me.)

Cost=zero. Applications due January 9th! #EconSky @ifp.bsky.social

05.01.2026 10:45 👍 28 🔁 18 💬 0 📌 1
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How Jane Austen revealed the economic basis of society Some unacknowledged truths about money

V much enjoyed this.

How Jane Austen revealed the economic basis of society
economist.com/christmas-sp...
from The Economist

22.12.2025 12:25 👍 14 🔁 2 💬 2 📌 0
The second Trump administration: Consequences for the ‘rest of us’ The US – once the principal architect and guarantor of the rules-based international system – now actively challenges the institutions and norms it created. While policies are evolving, the second edition of the CEPR book, “The Economic Consequences of the Second Trump Administration”, reveals that the direction of travel is unmistakable: towards a world with higher trade barriers, weaker institutions, and more fragile growth.

Once principal architect & guarantor of the rules-based international system, the US now actively challenges the institutions & norms it created; direction of travel is towards a world with higher trade barriers, weaker institutions & more fragile growth, @cepr.org ebook

cepr.org/voxeu/column...

09.12.2025 14:01 👍 1 🔁 1 💬 0 📌 0
Why EU innovation policy fails to promote disruptive innovation Europe’s long-term prosperity depends on its ability to generate and absorb disruptive innovation. This column argues, however, that the European Commission’s proposed 2028–2034 Multiannual Financial Framework continues to prioritise large, highly prescriptive, and administratively complex collaborative schemes, and that there is little evidence that such grants foster disruptive innovation. The grants boost recipients’ short-term revenues but shows no long-term impact. Nearly half of the current grant programme is allocated to existing ‘mid-tech’ companies. EU innovation policy needs to shift from supporting established firms to funding bold, bottom-up ideas, especially from small, independent companies.

Europe’s long-term prosperity depends on its ability to generate & absorb disruptive innovation; policy needs to shift from supporting established firms to funding bold, bottom-up ideas, especially from small, independent companies

@voxeu.org

cepr.org/voxeu/column...

08.12.2025 15:30 👍 0 🔁 0 💬 0 📌 0
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Innovation nation Europe’s future growth and democratic stability depend on universities stepping up their innovation game

A blog on innovation, universities and the regions that really, really need them. Written with my very good colleague @jcaustin.bsky.social and published by IPS (International Politics & Society) in Berlin.

www.ips-journal.eu/work-and-dig...

27.11.2025 18:02 👍 5 🔁 4 💬 1 📌 0
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Why do some people in the UK face marginal tax rates of over 60%? - Economics Observatory Various adjustments to Britain’s tax and benefit system have created sharp spikes in marginal tax rates. Some families take home less than 40p of each extra pound they earn, blunting incentives to…

The UK tax system creates marginal rates above 60% - even 100% for some parents. These spikes discourage work and growth, with high-earners cutting hours and boosting pensions. Smoothing these could boost growth without cutting revenue. #Budget2025 buff.ly/b8vlop5

26.11.2025 11:10 👍 0 🔁 3 💬 0 📌 0
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Closing the Productivity Gap – Regional Insights for the West of England The Brunel Centre and Futures West session on their latest policy paper

Closing the productivity gap – regional insights for the West of England

Final day of Bristol #economicsfest looks at the local economy

@thebrunelcentre.bsky.social @econ-observatory.bsky.social

www.eventbrite.co.uk/e/closing-th...

21.11.2025 09:45 👍 4 🔁 0 💬 0 📌 0

Just been on a great panel at the Bristol Festival of Economics... There was loads of both policy meat and context to get to grips with. Agreement and disagreement abounded! 👍

19.11.2025 13:49 👍 8 🔁 3 💬 1 📌 0
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Did the vote for Brexit lead to a rise in hate crime? - Economics Observatory The UK’s referendum vote to leave the European Union (EU) was followed by an increase in race and religious hate crime of 15-25% in England and Wales. Hate crime is defined as ‘any criminal offence wh...

Did the vote for Brexit lead to a rise in hate crime?

#economicsfest debate on polarisation

www.economicsobservatory.com/did-the-vote...

18.11.2025 12:52 👍 2 🔁 0 💬 1 📌 0

Really looking forward to chairing a panel at Bristol econ festival on Weds, on the very timely topic, “what is the future of migration?” - lots of other great discussions too 👇🏻

17.11.2025 18:20 👍 1 🔁 2 💬 0 📌 0
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Festival of Economics 2025 - Economics Observatory Economists and experts from around the world debate the key economic questions of our time.

Bristol festival of economics 2025

This week @econ-observatory.bsky.social @wshed.bsky.social

14th great year of an annual forum for public debate in times of crisis #economicsfest

HT the founders: @dianecoyle1859.bsky.social @andrewkelly.bsky.social

www.economicsobservatory.com/festival-of-...

17.11.2025 17:08 👍 5 🔁 3 💬 0 📌 1
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What we still get wrong about women’s role in global economics From the Enlightenment to today’s ‘tradwives’, three books look at the tension between production and reproduction

‘When Adam Smith wrote “It is not from the benevolence of the butcher, the brewer or the baker that we expect our dinner but from their regard to their own interest,” he omitted any discussion of the unpaid work of his mother (& later his sister) that went into cooking his dinner.’ on.ft.com/4olyOut

09.11.2025 09:12 👍 66 🔁 27 💬 2 📌 1