香港六合彩中特网

The Report presents an overview of the USA鈥檚 economic progress and makes the case for the Biden-Harris Administration鈥檚 economic policy priorities.

Competition and Innovation: An Inverted-U Relationship

Professor Sir Richard Blundell鈥檚 research was the first study to use detailed firm level data to investigate the relationship between product market competition and innovation. The goal is to design competition and innovation policy that safeguards the entry of new ventures and put limits on the ability of entrenched (dominant) incumbents to buy out their future rivals.

The paper has had a major influence on the development of competition and innovation policy across the world in a time when many governments are trying to increase innovation and economic dynamism, especially in the era of large global companies in the technology, finance, and pharmaceutical sectors. It was used in the recent Report to the President in the US to help design new policy interventions toward innovation and growth.聽

Read the full paper: Aghion, P., N. Bloom, R. Blundell, R. Griffith, and P. Howitt. 2005. Quarterly Journal of Economics 120, no. 2: 701鈥�28.

Remote Work Across Jobs, Companies, and Space

Professor聽Hansen鈥檚 research measures remote work across space and time, using a massive corpus of job postings to measure the incidence of remote work at a high level of spatial and temporal granularity across several countries and is featured in Chapter 1 of the report, The Benefits of Full Employment.

Read the full paper: Hansen, S., P. Lambert, N. Bloom, S. Davis, R. Sadun, and B. Taska. 2023. NBER Working Paper 31007. Cambridge, MA: National Bureau of Economic Research.

The Relative Power of Employment to Employment Reallocation and Unemployment Exits in Predicting Wage Growth

Professor Fabien Postel-Vinay's research argues unemployment is not the only measure of labour market 鈥渟lack鈥� but the strong association between wage inflation and the job switching rate is natural under an alternative 鈥渏ob-ladder鈥� view of labour markets. Workers鈥� bargaining power derives not from their outside option of unemployment, but from their ability to receive outside offers. Professor Fabien Postel-Vinay鈥檚 is featured in Chapter 1 of the report, The Benefits of Full Employment and Chapter 2, The Year in Review and the Years Ahead.

Read the full paper: Moscarini, G., and F. Postel-Vinay. 2017. American Economic Review 107, no. 5: 364鈥�68. . org/10.1257/aer.p20171078

Read the full .

Notes

The research for聽鈥淐ompetition and Innovation: An Inverted-U Relationship"聽was funded by the ESRC and carried out in the late 1990s and early 2000s at University College London and the Institute for Fiscal Studies while Philippe Aghion was a Professor at 香港六合彩中特网, Rachel Griffith was an Associate Director at IFS,聽 Nick Bloom was a PhD student at 香港六合彩中特网,聽 Peter Howitt was a visitor at IFS, and Richard Blundell was Ricardo Professor of Economics at 香港六合彩中特网 and Research Director at IFS.