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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Political science
22%
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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...
General
21 Jefferson Fisher, The Next Conversation: Argue Less, Talk More
22 Tim Spector, Food for Life: Your Guide to the New Science of Eating Well
23 Paulo Coelho, The Alchemist
21 Jefferson Fisher, The Next Conversation: Argue Less, Talk More
22 Tim Spector, Food for Life: Your Guide to the New Science of Eating Well
23 Paulo Coelho, The Alchemist
19 Isaac Arnsdorf, Josh Dawsey, and Tyler Pager, 2024: How Trump Retook the White House and the Democrats Lost America
20 Edward Fishman, Chokepoints: How the Global Economy Became a Weapon of War
20 Edward Fishman, Chokepoints: How the Global Economy Became a Weapon of War
US Politics
17 Jake Tapper and Alex Thompson, Original Sin: President Biden’s Decline, Its Cover-Up, and His Disastrous Choice to Run Again
18 Jonathan Allen and Amie Parnes, Fight: Inside the Wildest Battle for the White House
17 Jake Tapper and Alex Thompson, Original Sin: President Biden’s Decline, Its Cover-Up, and His Disastrous Choice to Run Again
18 Jonathan Allen and Amie Parnes, Fight: Inside the Wildest Battle for the White House
14 Thomas S. Kuhn, The Structure of Scientific Revolutions
15 Tom Chatfield, Wise Animals: How Technology Has Made Us What We are
16 Doron Swede, The History of Computing: A Very Short Introduction
15 Tom Chatfield, Wise Animals: How Technology Has Made Us What We are
16 Doron Swede, The History of Computing: A Very Short Introduction
11 Parmy Olson, Supremacy: AI, ChatGPT and the Race That Will Change the World
12 Mustafa Suleyman with Michael Bhaskar, The Coming Wave: AI, Power and Our Future
13 James Da Costa, FinTech Wars: Tech Titans, Complex Crypto and the Future of Money
12 Mustafa Suleyman with Michael Bhaskar, The Coming Wave: AI, Power and Our Future
13 James Da Costa, FinTech Wars: Tech Titans, Complex Crypto and the Future of Money
Tech
8 Stephen Witt, The Thinking Machine: Jensen Huang, Nvidia, and the World's Most Coveted Microchip
9 Dan Wang, Breakneck: China’s Quest to Engineer the Future
10 Carl Frey, How Progress Ends: Technology, Innovation, and the Fate of Nations
8 Stephen Witt, The Thinking Machine: Jensen Huang, Nvidia, and the World's Most Coveted Microchip
9 Dan Wang, Breakneck: China’s Quest to Engineer the Future
10 Carl Frey, How Progress Ends: Technology, Innovation, and the Fate of Nations
4 Sarah Wynn-Williams, Careless People: A Story of Where I Used to Work
5 Deesha Dyer, Undiplomatic: How My Attitude Created the Best Kind of Trouble
6 Tina Brown, The Palace Papers: Inside the House of Windsor - the Truth and the Turmoil
7 Kamala Harris, 107 Days
5 Deesha Dyer, Undiplomatic: How My Attitude Created the Best Kind of Trouble
6 Tina Brown, The Palace Papers: Inside the House of Windsor - the Truth and the Turmoil
7 Kamala Harris, 107 Days
My books of 2025 in no particular order:
Biography
1 Joseph S. Nye, Jr., A Life in the American Century
2 Lionel Barber, Gambling Man: The Wild Ride of Japan’s Masayoshi Son
3 Ina Garten, a memoir: Be Ready When the Luck Happens
Biography
1 Joseph S. Nye, Jr., A Life in the American Century
2 Lionel Barber, Gambling Man: The Wild Ride of Japan’s Masayoshi Son
3 Ina Garten, a memoir: Be Ready When the Luck Happens
Stifling or scaling: Acquisitions and their effect on start-up innovation
Over the past two decades, start-ups have increasingly turned to acquisition as their preferred exit strategy, but the impact of such acquisitions on innovation is unclear. This column analyses start-up acquisitions across 60 countries and 200 industries between 2001 and 2021 and finds that, on average, acquired start-up innovation declines following an acquisition, especially when the acquisition occurs within the same industry and country or when the target has technologies that diverge from the acquirors’ core focus. The challenge is to sustain an environment where acquisitions contribute to innovation diffusion and scaling rather than its disappearance.
cepr.org
Over past 2 decades, start-ups have increasingly turned to acquisition as their preferred exit strategy. Research on start-up acquisitions across 60 countries & 200 industries between 2001-2021 finds on avg that acquired start-up innovation declines following an acquisition
cepr.org/voxeu/column...
cepr.org/voxeu/column...
Fact-checking reduces the circulation of misinformation – we should not get rid of it
Fact-checking has emerged as one of the most prominent policy tools to combat the spread of misinformation, but critics have argued that it infringes upon freedom of expression and that it has no meaningful impact on the circulation of misinformation. This column provides evidence from the field that fact-checking significantly reduces engagement with posts on Facebook rated as false and also decreases users' subsequent activity. The findings suggest that the impact of fact-checking primarily results not from Facebook’s actions to hide or demote content, but rather from users’ behavioural responses, challenging the idea that it suppresses free speech.
cepr.org
Research provides evidence from the field that fact-checking significantly reduces engagement with posts on Facebook rated as false and also decreases users' subsequent activity.
cepr.org/voxeu/column...
cepr.org/voxeu/column...
Harnessing the wisdom of the crowds for OECD recession predictions
A key challenge in predicting recessions is distinguishing which factors matter at different forecasting horizons and across different countries. This column applies machine learning methods to identify recession indicators across 20 OECD countries and eight quarterly horizons. An ensemble of probit models is one of the top-performing methods, harnessing the ‘wisdom of crowds’. In the first and second quarters of the forecast horizon, measures of current economic momentum are the most critical predictors of recession probability. Beyond these quarters, financial cycle variables such as credit and house prices are the most reliable long-range indicators of future downturns.
cepr.org
In 1st & 2nd quarters of forecast horizon, measures of current economic momentum are the most critical predictors of recession probability. Beyond these Qs, financial cycle variables such as credit & house prices are most reliable long-range indicators of future downturns.
cepr.org/voxeu/column...
cepr.org/voxeu/column...
Tariffs and technological hegemony
The Trump administration’s sweeping tariff measures are intended to increase the competitiveness of US firms – especially in high-tech sectors – and reduce US trade deficits. This column discusses the impact of trade policies on innovation and technological hegemony. The analysis suggests that large and persistent changes in tariffs are likely to affect firms’ innovation decisions and the pattern of technological hegemony. However, countries should be wary of using trade policies to boost innovation by their domestic high-tech firms, since the strategy may easily backfire.
cepr.org
The EU has chosen not to retaliate against the tariffs imposed by the US. While this decision was grounded on the idea that retaliation would amplify the losses that US tariffs will inflict on the EU
cepr.org/voxeu/column...
cepr.org/voxeu/column...
EU defence expenditure in the EU and the US, 2023
cepr.org/voxeu/column...
cepr.org/voxeu/column...
Crypto carry: Market segmentation and price distortions in digital asset markets
The rapid growth of cryptocurrency markets has created new challenges for financial regulators and policymakers. This column discusses the ‘crypto carry’, or the large gap between crypto futures and spot prices, which suggests persistent pricing inefficiencies are present. It shows that observable fundamental factors cannot explain the magnitude and volatility of crypto carry. Instead, it shows that the carry is driven by smaller traders who look for leveraged exposure to cryptocurrency price movements with minimum upfront capital. Regulatory barriers limit the scope to arbitrage and to close the gap, but reductions in barriers are shown to significantly improve pricing efficiency.
cepr.org
Introduction of micro Bitcoin futures on the Chicago Mercantile Exchange (CME) in May 2021. These contracts, sized at one-fiftieth of standard Bitcoin futures, made it significantly easier for smaller investors to trade these contracts.
cepr.org/voxeu/column...
cepr.org/voxeu/column...
A nonlinear Phillips curve helps explain the inflation overshoot
The recent high-inflation episode generated renewed interest about the slope of the Phillips curve and non-linearities in price-setting behaviour. This column uses survey data from US and UK firms to show that prices respond asymmetrically to demand and cost shocks, with stronger responses to positive shocks. The non-linearity is pronounced for firms and industries with higher average inflation, and helps explain around one-fourth of the inflation overshoot in 2022. These results highlight the importance of taking asymmetries in pricing behaviour into consideration, both in empirical and theoretical work.
cepr.org
New evidence from UK and US firms that prices respond asymmetrically to both demand and cost shocks, rising by more following positive shocks. This non-linearity can help explain around one-fourth of the rise in price growth in 2022 compared to pre-pandemic
cepr.org/voxeu/column...
cepr.org/voxeu/column...
Measuring political narratives: Virality, beliefs, and memory
Elections, crises, and reforms are increasingly fought through narratives, but economists lack a common way to analyse these. This column proposes a role-based framework for political narratives and uses a large language model to code who appears as the hero, villain, or victim in 1.15 million tweets collected between 2010-2021. Political narratives consistently spread more than neutral information, especially those with a villain. Victim narratives had little effect. The viral nature of a narrative affects beliefs and preferences about the characters involved and can shift expectations, real-stakes donations, and recollections of who did what to whom.
cepr.org
Politics, as Hannah Arendt famously put it, is settling conflicts over collective decisions “through words and persuasion”.
cepr.org/voxeu/column...
cepr.org/voxeu/column...
The paradox of perfect supervision
Each financial crisis brings more financial supervision, more models and larger buffers – but still fragility persists. The paradox of perfect supervision is that the very attempt to safeguard stability can increase systemic risk by increasing complexity and synchronising behaviour. This column argues that resilience, not ever-tighter risk-informed control, should be the organising principle of supervision, rooted in the basic idea that has long governed finance itself: diversification.
cepr.org
Supervision would likely work as intended if risks were known, measurable and stable, and if the system did not react to the act of supervision. None of this holds true in practice.
cepr.org/voxeu/column...
cepr.org/voxeu/column...