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Peter Levell

@peterlevell.bsky.social
1.7K followers 582 following 43 posts

Economist. Deputy Research Director at the Institute for Fiscal Studies @theifs.bsky.social. sites.google.com/view/peter-levell/…

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Peter Levell @peterlevell.bsky.social · 28/09/2026
'Your First Home' looks similar to the Help to Buy home equity loan scheme that ended in 2023. Based on what's been said so far, it will be more targeted to those on lower incomes. This helps prevent benefits from flowing to can afford to buy a house anyway, but also increases risk. See below 👇
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Bee Boileau @beeboileau.bsky.social · 28/09/2026
The government’s proposed ‘Your First Home’ scheme would offer eligible first-time buyers in England 20% equity loans on new-builds, with deposits as low as 2.5%. What could it mean for buyers and the housing market? 🧵 below:
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Peter Levell @peterlevell.bsky.social · 24/09/2026
A fantastic career opportunity for those interested in a role that combines policy writing with cutting-edge economic research 👇
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Gautam Vyas @gautamvyas.bsky.social · 23/09/2026
Come and work with us! We're hiring a research assistant to work across UCL and IFS on applied micro/IO/public econ questions in food policy. A great opportunity for anyone considering an econ PhD to develop their research skills/experience across two brilliant research environments. Apply below 👇
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The Institute for Fiscal Studies @theifs.bsky.social · 22/09/2026
NEW: Electricity prices in the UK are among the highest in the G7. Why is this? And what can the government do about it? Our new IFS Green Budget chapter explains: [THREAD] ⬇️
Chart shows evolution of domestic energy prices in G7 countries since 1990. Title states: "Domestic energy prices in the UK are among the highest in the G7​."
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Xiaowei Xu @xiaoweixu.bsky.social · 17/09/2026
Guys we've got a new puzzle: why have hours fallen so much? Based on ONS's new approach, average hours worked are down 5% since 2007 (before the financial crisis), 2% since pre-Covid.
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Peter Levell @peterlevell.bsky.social · 10/09/2026
Consumption is arguably a better measure of living standards than income but it's very hard to measure at a local level Our new paper shows how combining survey information with 'financial footprints' data could be way forward. Read @gautamvyas.bsky.social thread below to find out how!
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Micro Macro Household Finance Seminar Series @micmachf.bsky.social · 11/06/2026
One day to go until Tarun's seminar! Sign up at the link below if you haven't already. #EconSky
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Peter Levell @peterlevell.bsky.social · 21/05/2026
Ever wondered why electricity in the UK is so expensive? And how can renewables be both “nine times cheaper” than fossil fuel but still need subsidies to get built? Then you need to listen to this podcast!
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Peter Levell @peterlevell.bsky.social · 05/05/2026
Very excited about this seminar! Do register!
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Matthew Oulton @matthewoulton.bsky.social · 15/04/2026
Some incredibly important findings here for housing policy. The demand-side policies adopting the last couple of decades mostly helped relatively high earners
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Peter Levell @peterlevell.bsky.social · 25/03/2026
The new "sugar tax" in 2018 cut average sugar consumed by about 20kcal a day. The latest reforms are best seen as a tidying up exercise. Read @gautamvyas.bsky.social and Martin Brogaard's new analysis of the reforms below. And follow @gautamvyas.bsky.social for more analysis of nutrition policy!
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Nick Ridpath @nickridpath.bsky.social · 12/03/2026
Key context to talk about the cost of any potential energy support package: an energy price shock is already bad news in itself for the public finances. Higher inflation and interest rates would push up debt interest spending, welfare spending, and put pressure on public services.
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The Institute for Fiscal Studies @theifs.bsky.social · 12/03/2026
New: War in the Middle East has pushed up energy prices, which if sustained, could put pressure on households and the public finances. How might the government choose to respond? 📈 @peterlevell.bsky.social, @nickridpath.bsky.social and Bobbie Upton’s new briefing explores the options:
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The Institute for Fiscal Studies @theifs.bsky.social · 06/02/2026
NEW PODCAST: Did inflation cause the cost of living crisis? 🎧 @helenmiller.bsky.social, @peterlevell.bsky.social and former Bank of England MPC member David Miles investigate inflation: what it is, why it's been high recently, who it hits hardest and more. Listen here: ifs.org.uk/articles/did...
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Ben Zaranko @benzaranko.bsky.social · 27/01/2026
Are you an outstanding communicator who knows loads about the UK public finances? Are you attracted by the prospect of a public voice, and the chance to work alongside brilliant economists at the country's finest think tank? We'd like to hear from you: app.beapplied.com/apply/4t6eys...
app.beapplied.com
Senior Research Economist (Public Finances)
Background to the roleThe Institute for Fiscal Studies (IFS) is Europe’s leading centre for research on the microeconomics of public policy. It is a politically independent registered educational char...
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Peter Levell @peterlevell.bsky.social · 16/01/2026
Here's a starter pack of IFS economists posting on BlueSky. Make sure you're following them all for the top-quality economic analysis on labour markets, inequality, public finances, healthcare, education and more! go.bsky.app/NYPwMB
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Xiaowei Xu @xiaoweixu.bsky.social · 15/01/2026
Excited about discussing regional inequalities at the Fiscal Studies symposium event next week! We've got a star-studded lineup of @andyburnham.bsky.social, Paul Collier, Philip McCann, @lindseymacmillan.bsky.social, @amcanning.bsky.social and more. Summary of new papers below 🧵👇
ifs.org.uk
How can policy tackle regional inequalities? | Institute for Fiscal Studies
At this policy conference, researchers will present new evidence on the scale and causes of regional inequalities.
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The Institute for Fiscal Studies @theifs.bsky.social · 09/01/2026
How have rising house prices in the mid-1990s to the mid-2000s affected young people's social mobility? Sign up for our event with @helenmiller.bsky.social and @peterlevell.bsky.social at 10am on Monday on new research on how rising house prices affected inequalities ⬇️ ifs.org.uk/events/what-...
ifs.org.uk
What happened to the children of the property boom? | Institute for Fiscal Studies
At this online event, IFS researchers will discuss how rising house prices shaped young people’s social mobility.
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Christine Farquharson @ckfarquharson.bsky.social · 04/12/2025
Absolutely delighted our research has won the ONS' Research Excellence prize for impact! I always say to people that the ideal @theifs.bsky.social work is rigorous enough to publish in top journals, and relevant enough to be on the front page. I think we've ticked that box here!
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Jakob Schneebacher @jschneebacher.bsky.social · 19/11/2025
Late to this but really excellent news. And for those interested in economic measurement, the call for the @escoeorg.bsky.social annual conference (19-21 May, KCL London) is now open. Keynotes by Carol Corrado, Xavier Jaravel and Canada's Chief Statistician. Submit by 12 January.
escoe.ac.uk
ESCoE Conference on Economic Measurement 2026 - Call for papers open - ESCoE
ESCoE will hold its annual conference, organised in partnership with the UK Office for National Statistics (ONS), on 19-21 May 2026.
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Peter Levell @peterlevell.bsky.social · 13/11/2025
Congratulations to Christine and her collaborators - great to see this fine body of work get the recognition it deserves!
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Ben Zaranko @benzaranko.bsky.social · 27/10/2025
More on the productivity hedgehog here observer.co.uk/news/busines...
observer.co.uk
In Britain’s ‘hedgehog economy’, growth is wild, spiky – ...
The spines on the OBR’s charts are a signal to the chancellor to pull all the levers to improve our growth prospects
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Ben Zaranko @benzaranko.bsky.social · 13/10/2025
There will be lots of speculation about tax over the next 6 weeks, for better or worse. This chapter is a plea for the government to think about how to make the system work better, rather than just raise the taxes which pose fewest short-term political hurdles. Some highlights:
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Banco de España Research @bde-research.bsky.social · 13/10/2025
Next seminar: @peterlevell.bsky.social (Institute for Fiscal Studies) joint work with Martin O'Connell and Kate Smith will be presenting "The welfare effects of price shocks and household relief packages: evidence from an energy crisis" on Oct 15, 12.00 CET. www.bde.es/wbe/en/areas... #bdeResearch
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Journal of International Economics @jintlecon.bsky.social · 29/09/2025
New at JIE: "Household responses to trade shocks" by Aitor Irastorza-Fadrique (@aitor-if.bsky.social), Peter Levell (@peterlevell.bsky.social), Matthias Parey doi.org/10.1016/j.ji...
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The Institute for Fiscal Studies @theifs.bsky.social · 26/09/2025
NEW: Honouring the NATO commitment to increase defence spending to 3.5% of GDP by 2035 would reshape the British state. @maxwarner.bsky.social & @beeboileau.bsky.social's new IFS Green Budget chapter, funded by @nuffieldfoundation.org, examines the past and future of UK defence spending: [THREAD:]
Chart shows defence spending out-turn and plans. Title states: "Meeting the NATO defence spending commitment would be equivalent to spending an extra £36 billion, or £500 per person, a year in current terms."
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Peter Levell @peterlevell.bsky.social · 12/09/2025
Do join us for this!
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Heidi Karjalainen @heidikarj.bsky.social · 08/07/2025
Had a good chat on @moneybox.bsky.social with @paullewismoney.bsky.social about our Pensions Review work and what we should do about the triple lock and automatic enrolment – you can listen to it here: bbc.co.uk/sounds/play/...
bbc.co.uk
Money Box - Future of Pensions and Heat Networks - BBC Sounds
A wide-reaching report makes recommendations about the future of pensions.
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Peter Levell @peterlevell.bsky.social · 21/04/2025
Really looking forward to this - it's going to be great!
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Peter Levell @peterlevell.bsky.social · 17/04/2025
A nice write up of our research as part of @escoeorg.bsky.social on local consumption spending. More info (and interactive graphics!) here! ifs.org.uk/articles/whi...
ifs.org.uk
Which places have the highest standard of living? | Institute for Fiscal Studies
Measuring living standards using average household spending gives a starkly different picture of regional inequalities than using average income.
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ESCoE @escoeorg.bsky.social · 11/04/2025
How much do living standards vary across the country? ESCoE/ @theifs.bsky.social work finds that measuring living standards using average household spending gives a starkly different picture of regional inequalities than using average household income tinyurl.com/bfzajkr5 @peterlevell.bsky.social
Gautam Vyas, Research Economist at the IFS, ESCoE Research Associate, and an author of the paper, said:

“People care deeply about regional inequalities, but rankings of living standards across areas depend greatly on how you measure them. Our findings challenge the conventional wisdom that the typical London household enjoys higher living standards than their counterparts across the country. Rather, it seems that a combination of higher housing costs and differences in saving behaviour implies that high incomes do not translate into higher consumption spending for Londoners.”
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Peter Levell @peterlevell.bsky.social · 20/03/2025
Congratulations to @helenmiller.bsky.social on her appointment as the next director of the IFS! Give her a follow! ifs.org.uk/news/helen-m...
ifs.org.uk
Helen Miller appointed as new Director of the Institute for Fiscal Studies | Institute for Fiscal Studies
The Institute for Fiscal Studies (IFS) is delighted to announce that Helen Miller has been appointed as its next Director.
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Tim Bale @timbale.bsky.social · 04/02/2025
Fascinating (no, really!).
theconversation.com
The way UK inflation is worked out is changing – and it will matter for everyone
Gathering data on consumer prices and the products we’re really buying will become far more precise, giving a better picture of how we deal with rising costs.
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The Institute for Fiscal Studies @theifs.bsky.social · 24/01/2025
NEW PODCAST: Do tariffs work? @pjtheeconomist.bsky.social and @peterlevell.bsky.social discuss the economic consequences of tariffs, why governments use them, and whether they actually achieve their intended goals. ➡️ Listen to the podcast here: ifs.org.uk/articles/do-...
ifs.org.uk
Do tariffs work? | Institute for Fiscal Studies
We discuss the economic consequences of tariffs, why governments use them, and whether they actually achieve their intended goals.
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Lucie Gadenne @lgadenne.bsky.social · 09/12/2024
Our IFS report on air pollution is out! Good news first: air pollution (PM2.5) has HALVED in England since 2003, with a big drop during Covid. There's no rebound post Covid, somewhat puzzlingly. We use DEFRA data, monitoring station data shows the same thing. (1/7) ifs.org.uk/publications...
ifs.org.uk
Exposure to air pollution in England, 2003–23 | Institute for Fiscal Studies
We set out how air pollution (PM2.5) has changed across England and explore inequalities by ethnicity, income deprivation, region and age.
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Peter Levell @peterlevell.bsky.social · 27/11/2024
Our paper on cheapflation is now an ESCoE discussion paper
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Peter Levell @peterlevell.bsky.social · 22/11/2024
Check at our tool to see how house prices, and the housing stock, has changed in your local area
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Micro Macro Household Finance Seminar Series @micmachf.bsky.social · 22/11/2024
Don't forget to tune in to Abdoulaye's seminar today at 15:30 London time! #EconSky
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Peter Levell @peterlevell.bsky.social · 12/11/2024
My colleague @maxwarner.bsky.social is new to BlueSky- follow him for excellent research on the evolving state of the NHS!
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Peter Levell @peterlevell.bsky.social · 11/11/2024
On the economics job market? Opportunities for PhDs to join as Research Economists in labour/crime, public finance, and education/nutrition/health at the IFS @theifs.bsky.social econjobmarket.org/positions/10... #EconSky
econjobmarket.org
EJM - Econ Job Market
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Peter Levell @peterlevell.bsky.social · 11/11/2024
Are you on the economics job market? Opportunities for PhDs to join as post docs (one and three year post docs available) @theifs.bsky.social econjobmarket.org/positions/10... #EconSky
econjobmarket.org
EJM - Econ Job Market
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Peter Levell @peterlevell.bsky.social · 11/11/2024
This is a great opportunity for students wanting to learn more about a career in economics research. Come along to find out more!
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Liz McKeown @lizmckeown.bsky.social · 05/11/2024
Delighted to be on the Scientific Committee for next year's annual ESCoE conference which will take place at King's College London from 21-23 May 2025. We've launched the Call for Papers today with more details here: www.escoe.ac.uk/events/escoe... Take a look and get involved!
escoe.ac.uk
ESCoE Conference on Economic Measurement 2025 - Call for papers closes 13 Jan 2025 - ESCoE
ESCoE will hold its annual conference, organised in partnership with the UK Office for National Statistics (ONS), on 21-23 May 2025.
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Centre for Economic Policy Research @cepr.org · 31/10/2024
New CEPR Discussion Paper DP19628 What would you do with £500? (...in your own words) Thomas Crossley (University of Michigan), @peterlevell.bsky.social (@theifs.bsky.social), Sofía Sierra Vásquez (EUI) cepr.org/publications... 📉📈 #EconSky #CEPR_MG #CEPR_PE
A longstanding puzzle in macroeconomics is why individuals with similar levels of available liquidity can have very different marginal propensities to consume (MPCs). We use a new approach to better investigate differences in consumer behaviour in response to hypothetical, one-off gains and losses: using open-ended questions and text analysis to understand the motives underlying consumers decisions. High-liquidity individuals with high MPCs often cite mental accounting motives. Apparently illiquid individuals report a range of coping mechanisms in response to a loss, including labour supply responses, relying on friends and family and selling possessions. This implies greater effective liquidity than narrow financial measures indicate.
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Peter Levell @peterlevell.bsky.social · 30/10/2024
Looks like it’s going to be a big budget today. Read my colleagues’ excellent insights here!
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Peter Levell @peterlevell.bsky.social · 22/10/2024
A tip for those interested in household finance - follow @micmachf.bsky.social to get the latest seminar announcements! #EconSky 📉📈
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The Institute for Fiscal Studies @theifs.bsky.social · 10/10/2024
NEW: The new Chancellor has inherited an unenviable public finance situation. Our IFS Green Budget, supported by the Nuffield Foundation and in association with Citi, lays out the fiscal choices ahead: [THREAD: 1/10] ifs.org.uk/publications...
ifs.org.uk
The outlook for the public finances in the new parliament | Institute for Fiscal Studies
We describe the fiscal outlook and set out the unenviable but important choices – which could define the parliament – confronting Rachel Reeves.
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Micro Macro Household Finance Seminar Series @micmachf.bsky.social · 23/09/2024
A reminder of this week's Micro Macro Household Finance Seminar on Friday. 15:30 London time/16:30 CET/10:30 EDT Richard Audoly will be presenting work on "The Life-Cycle Dynamics of Wealth Mobility" with discussions by Fatih Guvenen and Moritz Kuhn. Register here tinyurl.com/2f9xutub #EconSky
tinyurl.com
Welcome! You are invited to join a meeting: Richard Audoly - "The Life-Cycle Dynamics of Wealth Mobility" with discussion by Fatih Guvenen and Moritz Kuhn. After registering, you will receive a confir...
We use 25 years of tax records for the Norwegian population to study the mobility of wealth over people’s lifetimes. We find considerable wealth mobility over the life cycle. To understand the underly...
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Peter Levell @peterlevell.bsky.social · 23/09/2024
If you want to know what's inside our paper on cheapflation, but are short on time, you can always read the VoxEU column! cepr.org/voxeu/column...
cepr.org
Cheapflation and the rise of inflation inequality in 2021-2023
Inflation rates soared over the period 2021-2023, driving down households’ real incomes in the UK and other countries. This column uses detailed data on price and spending patterns for groceries to assess the relative impacts of inflation across rich and poor households. Significant differences in grocery price inflation experienced by rich and poor households only emerge once the most disaggregated product definitions are used. Price increases were disproportionately large for individual varieties of products that were initially cheaper (‘cheapflation’), driving up inflation rates for worse-off households.
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