This paper analyzes the conduct of monetary policy in an environment in which cyclical swings in risk appetite affect households' propensity to save. It uses a New-Keynesian model featuring external habit formation to show that taking note of precautionary saving motives justifies an...

We study the market for applications on Facebook, the dominant platform for social networking and make use of a rule change by Facebook by which high-quality applications were rewarded with further opportunities to engage users. We find that the change led to quality being a more important...

How people feel about their jobs is an important part of their overall happiness yet until now, few studies have explored the links between employees' wellbeing and their working environment. Alex Bryson and colleagues analyse data from Finland to assess the impact of modern management practices...

Henry Overman considers the arguments for and against building a new high-speed rail line from London to Birmingham.

Alan Manning questions the value of researchers conducting debates about economic policy through the pages of newspapers.

Research by Mirko Draca and colleagues on Washington's 'revolving door' lobbyists gives an indication of the value of political connections in the UK.

Francesca Cornaglia and Andrew Leigh measure the impact of crime - and media reporting of crime - on the mental wellbeing of both victims and non-victims

Many countries are looking to their export sectors as a source of future growth, but how do domestic companies make a success of selling their output abroad? Research by Emanuel Ornelas and colleagues finds evidence of 'sequential exporting' - firms experimenting in nearby foreign markets before...

What is the impact of a pupil's perceptions of how their teachers will treat them on their motivation, efforts and educational achievements? To explore this question, Amine Ouazad and Lionel Page have conducted an experiment in which school children could use pocket money to place small bets on...

Richard Layard outlines the development of CEP research on what makes people happy and how society might best be organised to promote happiness.