Nicholas Bloom

All Publications

• Trade and Management REVIEW OF ECONOMICS AND STATISTICS Bloom, N., Manova, K., Van Reenen, J., Sun, S., Yu, Z. 2021; 103 (3): 443-460

  View details for DOI 10.1162/rest_a_00925

  View details for Web of Science ID 000673449300003

• The World Management Survey at 18: lessons and the way forward OXFORD REVIEW OF ECONOMIC POLICY Scur, D., Sadun, R., Van Reenen, J., Lemos, R., Bloom, N. 2021; 37 (2): 231-258

  View details for DOI 10.1093/oxrep/grab009

  View details for Web of Science ID 000685212500002

• COVID-19 Is a Persistent Reallocation Shock Barrero, J., Bloom, N., Davis, S. J., Meyer, B. H. AMER ECONOMIC ASSOC. 2021: 287-291

  View details for DOI 10.1257/pandp.20211110

  View details for Web of Science ID 000655908100054

• COVID-19 Shifted Patent Applications toward Technologies That Support Working from Home Bloom, N., Davis, S. J., Zhestkova, Y. AMER ECONOMIC ASSOC. 2021: 263-266

  View details for DOI 10.1257/pandp.20211057

  View details for Web of Science ID 000655908100049

• Turbulence. Firm Decentralization. and Growth in Bad Times AMERICAN ECONOMIC JOURNAL-APPLIED ECONOMICS Aghion, P., Bloom, N., Lucking, B., Sadun, R., Van Reenen, J. 2021; 13 (1): 133–69

  View details for DOI 10.1257/app.20180752

  View details for Web of Science ID 000604439700005

• TRAPPED FACTORS AND CHINA'S IMPACT ON GLOBAL GROWTH ECONOMIC JOURNAL Bloom, N., Romer, P., Terry, S. J., Van Reenen, J. 2021; 131 (633): 156–91

  View details for DOI 10.1093/ej/ueaa086

  View details for Web of Science ID 000637047500006

• The Unprecedented Stock Market Reaction to COVID-19 REVIEW OF ASSET PRICING STUDIES Baker, S. R., Bloom, N., Davis, S. J., Kost, K., Sammon, M., Viratyosin, T. 2020; 10 (4): 742–58

  View details for DOI 10.1093/rapstu/raaa008

  View details for Web of Science ID 000595485100008

• Firm performance and macro forecast accuracy JOURNAL OF MONETARY ECONOMICS Tanaka, M., Bloom, N., David, J. M., Koga, M. 2020; 114: 26–41

  View details for DOI 10.1016/j.jmoneco.2019.02.008

  View details for Web of Science ID 000571474100002

• Economic Uncertainty Before and During the COVID-19 Pandemic. Journal of public economics Altig, D., Baker, S., Barrero, J. M., Bloom, N., Bunn, P., Chen, S., Davis, S. J., Leather, J., Meyer, B., Mihaylov, E., Mizen, P., Parker, N., Renault, T., Smietanka, P., Thwaites, G. 2020: 104274

  Abstract

  We consider several economic uncertainty indicators for the US and UK before and during the COVID-19 pandemic: implied stock market volatility, newspaper-based policy uncertainty, twitter chatter about economic uncertainty, subjective uncertainty about business growth, forecaster disagreement about future GDP growth, and a model-based measure of macro uncertainty. Four results emerge. First, all indicators show huge uncertainty jumps in reaction to the pandemic and its economic fallout. Indeed, most indicators reach their highest values on record. Second, peak amplitudes differ greatly - from a 35% rise for the model-based measure of US economic uncertainty (relative to January 2020) to a 20-fold rise in forecaster disagreement about UK growth. Third, time paths also differ: Implied volatility rose rapidly from late February, peaked in mid-March, and fell back by late March as stock prices began to recover. In contrast, broader measures of uncertainty peaked later and then plateaued, as job losses mounted, highlighting differences between Wall Street and Main Street uncertainty measures. Fourth, in Cholesky-identified VAR models fit to monthly U.S. data, a COVID-size uncertainty shock foreshadows peak drops in industrial production of 12-19%.

  View details for DOI 10.1016/j.jpubeco.2020.104274

  View details for PubMedID 32921841

• Healthy Business? Managerial Education and Management in Health Care REVIEW OF ECONOMICS AND STATISTICS Bloom, N., Lemos, R., Sadun, R., Van Reenen, J. 2020; 102 (3): 506–17

  View details for DOI 10.1162/rest_a_00847

  View details for Web of Science ID 000544959700007

• COVID-19 Is Also a Reallocation Shock BROOKINGS PAPERS ON ECONOMIC ACTIVITY Barrero, J., Bloom, N., Davis, S. J. 2020: 329–71

  View details for DOI 10.1353/eca.2020.0012

  View details for Web of Science ID 000639606200012

• Are Ideas Getting Harder to Find? AMERICAN ECONOMIC REVIEW Bloom, N., Jones, C., Van Reenen, J., Webb, M. 2020; 110 (4): 1104–44

  View details for DOI 10.1257/aer.20180338

  View details for Web of Science ID 000522720800005

• Do Management Interventions Last? Evidence from India AMERICAN ECONOMIC JOURNAL-APPLIED ECONOMICS Bloom, N., Mahajan, A., McKenzie, D., Roberts, J. 2020; 12 (2): 198–219

  View details for DOI 10.1257/app.20180369

  View details for Web of Science ID 000522150600007

• Have R&D Spillovers Declined in the 21(st) Century? FISCAL STUDIES Lucking, B., Bloom, N., Van Reenen, J. 2019; 40 (4): 561–90

  View details for DOI 10.1111/1475-5890.12195

  View details for Web of Science ID 000513759700006

• A toolkit of policies to promote innovation VOPROSY EKONOMIKI Bloom, N., Van Reenen, J., Williams, H. 2019: 5–31

  View details for DOI 10.32609/0042-8736-2019-10-5-31

  View details for Web of Science ID 000497653800001

• A Toolkit of Policies to Promote Innovation JOURNAL OF ECONOMIC PERSPECTIVES Bloom, N., Van Reenen, J., Williams, H. 2019; 33 (3): 163–84

  View details for DOI 10.1257/jep.33.3.163

  View details for Web of Science ID 000478070800008

• What Drives Differences in Management Practices? AMERICAN ECONOMIC REVIEW Bloom, N., Brynjolfsson, E., Foster, L., Jarmin, R., Patnaik, M., Saporta-Eksten, I., Van Reenen, J. 2019; 109 (5): 1648–83

  View details for DOI 10.1257/aer.20170491

  View details for Web of Science ID 000466609600003

• THE QUARTERLY JOURNAL OF ECONOMICS QUARTERLY JOURNAL OF ECONOMICS Song, J., Price, D. J., Guvenen, F., Bloom, N., Von Wachter, T. 2019; 134 (1): 1–50

  View details for DOI 10.1093/qje/qjy025

  View details for Web of Science ID 000489161300001

• Brexit and Uncertainty: Insights from the Decision Maker Panel FISCAL STUDIES Bloom, N., Bunn, P., Chen, S., Mizen, P., Smietanka, P., Thwaites, G., Young, G. 2018; 39 (4): 555–80

  View details for DOI 10.1111/1475-5890.12179

  View details for Web of Science ID 000453773000002

• Innovation, Reallocation, and Growth AMERICAN ECONOMIC REVIEW Acemoglu, D., Akcigit, U., Alp, H., Bloom, N., Kerr, W. 2018; 108 (11): 3450–91

  View details for DOI 10.1257/aer.20130470

  View details for Web of Science ID 000448528900011

• Really Uncertain Business Cycles ECONOMETRICA Bloom, N., Floetotto, M., Jaimovich, N., Saporta-Eksten, I., Terry, S. J. 2018; 86 (3): 1031–65

  View details for DOI 10.3982/ECTA10927

  View details for Web of Science ID 000434093400007

• The Disappearing Large-Firm Wage Premium Bloom, N., Guvenen, F., Smith, B. S., Song, J., von Wachterk, T. AMER ECONOMIC ASSOC. 2018: 317–22

  View details for DOI 10.1257/pandp.20181066

  View details for Web of Science ID 000434468600061

• Management Practices, Workforce Selection, and Productivity JOURNAL OF LABOR ECONOMICS Bender, S., Bloom, N., Card, D., Van Reenen, J., Wolter, S. 2018; 36: S371–S409

  View details for DOI 10.1086/694107

  View details for Web of Science ID 000418563400009

• Observations on Uncertainty AUSTRALIAN ECONOMIC REVIEW Bloom, N. 2017; 50 (1): 79-84

  View details for DOI 10.1111/1467-8462.12203

  View details for Web of Science ID 000398118200007

• Measuring Economic Policy Uncertainty QUARTERLY JOURNAL OF ECONOMICS Baker, S. R., Bloom, N., Davis, S. J. 2016; 131 (4): 1593-1636

  View details for DOI 10.1093/qje/qjw024

  View details for Web of Science ID 000388576700001

• International Data on Measuring Management Practices AMERICAN ECONOMIC REVIEW Bloom, N., Lemos, R., Sadun, R., Scur, D., Van Reenen, J. 2016; 106 (5): 152-156

  View details for DOI 10.1257/aer.p20161058

  View details for Web of Science ID 000379341300028

• Trade Induced Technical Change? The Impact of Chinese Imports on Innovation, IT and Productivity REVIEW OF ECONOMIC STUDIES Bloom, N., Draca, M., Van Reenen, J. 2016; 83 (1): 87-117

  View details for DOI 10.1093/restud/rdv039

  View details for Web of Science ID 000374224300004

• Hospital Board And Management Practices Are Strongly Related To Hospital Performance On Clinical Quality Metrics HEALTH AFFAIRS Tsai, T. C., Jha, A. K., Gawande, A. A., Huckman, R. S., Bloom, N., Sadun, R. 2015; 34 (8): 1304-1311

  Abstract

  National policies to improve health care quality have largely focused on clinical provider outcomes and, more recently, payment reform. Yet the association between hospital leadership and quality, although crucial to driving quality improvement, has not been explored in depth. We collected data from surveys of nationally representative groups of hospitals in the United States and England to examine the relationships among hospital boards, management practices of front-line managers, and the quality of care delivered. First, we found that hospitals with more effective management practices provided higher-quality care. Second, higher-rated hospital boards had superior performance by hospital management staff. Finally, we identified two signatures of high-performing hospital boards and management practice. Hospitals with boards that paid greater attention to clinical quality had management that better monitored quality performance. Similarly, we found that hospitals with boards that used clinical quality metrics more effectively had higher performance by hospital management staff on target setting and operations. These findings help increase understanding of the dynamics among boards, front-line management, and quality of care and could provide new targets for improving care delivery.

  View details for DOI 10.1377/hlthaff.2014.1282

  View details for Web of Science ID 000361141000009

  View details for PubMedID 26240243

• Do Private Equity Owned Firms Have Better Management Practices? AMERICAN ECONOMIC REVIEW Bloom, N., Sadun, R., Van Reenen, J. 2015; 105 (5): 442-446

  View details for DOI 10.1257/aer.p20151000

  View details for Web of Science ID 000357929400082

• Does Management Matter in schools? ECONOMIC JOURNAL Bloom, N., Lemos, R., Sadun, R., Van Reenen, J. 2015; 125 (584): 647-674

  View details for DOI 10.1111/ecoj.12267

  View details for Web of Science ID 000355237500002

• The Impact of Competition on Management Quality: Evidence from Public Hospitals REVIEW OF ECONOMIC STUDIES Bloom, N., Propper, C., Seiler, S., Van Reenen, J. 2015; 82 (2): 457-489

  View details for DOI 10.1093/restud/rdu045

  View details for Web of Science ID 000353544900002

• Does Working from Home Work? Evidence from a Chinese Experiment QUARTERLY JOURNAL OF ECONOMICS Bloom, N., Liang, J., Roberts, J., Ying, Z. J. 2015; 130 (1): 165-218

  View details for DOI 10.1093/qje/qju032

  View details for Web of Science ID 000351525000004

• The Distinct Effects of Information Technology and Communication Technology on Firm Organization MANAGEMENT SCIENCE Bloom, N., Garicano, L., Sadun, R., Van Reenen, J. 2014; 60 (12)

  View details for DOI 10.1287/mnsc.2014.2013

  View details for Web of Science ID 000346204900001

• JEEA-FBBVA LECTURE 2013: THE NEW EMPIRICAL ECONOMICS OF MANAGEMENT JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION Bloom, N., Lemos, R., Sadun, R., Scur, D., Van Reenen, J. 2014; 12 (4): 835-876

  View details for DOI 10.1111/jeea.12094

  View details for Web of Science ID 000340677900001

• Incomplete Contracts and the Internal Organization of Firms JOURNAL OF LAW ECONOMICS & ORGANIZATION Aghion, P., Bloom, N., Van Reenen, J. 2014; 30: 37-63

  View details for DOI 10.1093/jleo/ewt003

  View details for Web of Science ID 000336411900003

• Why Has US Policy Uncertainty Risen Since 1960? AMERICAN ECONOMIC REVIEW Baker, S. R., Bloom, N., Canes-Wrone, B., Davis, S. J., Rodden, J. 2014; 104 (5): 56-60

  View details for DOI 10.1257/aer.104.5.56

  View details for Web of Science ID 000338925400008

• Fluctuations in Uncertainty JOURNAL OF ECONOMIC PERSPECTIVES Bloom, N. 2014; 28 (2): 153-175

  View details for DOI 10.1257/jep.28.2.153

  View details for Web of Science ID 000344365500008

• Identifying Technology Spillovers and Product Market Rivalry ECONOMETRICA Bloom, N., Schankerman, M., Van Reenen, J. 2013; 81 (4): 1347-1393

  View details for DOI 10.3982/ECTA9466

  View details for Web of Science ID 000322338400005

• A Trapped-Factors Model of Innovation AMERICAN ECONOMIC REVIEW Bloom, N., Romer, P. M., Terry, S. J., Van Reenen, J. 2013; 103 (3): 208-213

  View details for DOI 10.1257/aer.103.3.208

  View details for Web of Science ID 000322877000034

• Management Practices and the Quality of Care in Cardiac Units JAMA INTERNAL MEDICINE McConnell, K. J., Lindrooth, R. C., Wholey, D. R., Maddox, T. M., Bloom, N. 2013; 173 (8): 684-692

  Abstract

  To improve the quality of health care, many researchers have suggested that health care institutions adopt management approaches that have been successful in the manufacturing and technology sectors. However, relatively little information exists about how these practices are disseminated in hospitals and whether they are associated with better performance.To describe the variation in management practices among a large sample of hospital cardiac care units; assess association of these practices with processes of care, readmissions, and mortality for patients with acute myocardial infarction (AMI); and suggest specific directions for the testing and dissemination of health care management approaches.We adapted an approach used to measure management and organizational practices in manufacturing to collect management data on cardiac units. We scored performance in 18 practices using the following 4 dimensions: standardizing care, tracking of key performance indicators, setting targets, and incentivizing employees. We used multivariate analyses to assess the relationship of management practices with process-of-care measures, 30-day risk-adjusted mortality, and 30-day readmissions for acute myocardial infarction (AMI).Cardiac units in US hospitals.Five hundred ninety-seven cardiac units, representing 51.5% of hospitals with interventional cardiac catheterization laboratories and at least 25 annual AMI discharges.Process-of-care measures, 30-day risk-adjusted mortality, and 30-day readmissions for AMI.We found a wide distribution in management practices, with fewer than 20% of hospitals scoring a 4 or a 5 (best practice) on more than 9 measures. In multivariate analyses, management practices were significantly correlated with mortality (P = .01) and 6 of 6 process measures (P < .05). No statistically significant association was found between management and 30-day readmissions.The use of management practices adopted from manufacturing sectors is associated with higher process-of-care measures and lower 30-day AMI mortality. Given the wide differences in management practices across hospitals, dissemination of these practices may be beneficial in achieving high-quality outcomes.

  View details for DOI 10.1001/jamainternmed.2013.3577

  View details for PubMedID 23552986

• DOES MANAGEMENT MATTER? EVIDENCE FROM INDIA QUARTERLY JOURNAL OF ECONOMICS Bloom, N., Eifert, B., Mahajan, A., McKenzie, D., Roberts, J. 2013; 128 (1): 1-51

  View details for DOI 10.1093/qje/qjs044

  View details for Web of Science ID 000314883900001

• Does Management Really Work? HARVARD BUSINESS REVIEW Bloom, N., Sadun, R., Van Reenen, J. 2012; 90 (11): 76-?

  View details for Web of Science ID 000310097200012

• Does management really work? Harvard business review Bloom, N., Sadun, R., Van Reenen, J. 2012; 90 (11): 77-80, 82, 148

  Abstract

  HBR's 90th anniversary is a sensible time to revisit a basic question: Are organizations more likely to succeed if they adopt good management practices? The answer may seem obvious to most HBR readers, but these three economists cast their net much wider than that. In a decadelong study of thousands of organizations in 20 countries, they and their interview teams assessed how well manufacturers, schools, and hospitals adhere to three management basics: targets, incentives, and monitoring. They found that huge numbers of companies follow none of those fundamentals, that adopting the basics yields big improvements in outcomes such as productivity and longevity, and that good nuts-and-bolts management at individual firms shapes national performance. At 14 textile manufacturers in India, for example, an intervention--involving free, high-quality advice from a consultant who was on-site half-time for five months--cut defects by half, reduced inventory by 20%, and raised output by 10%. A control group saw no such gains. The authors' global data set suggests that implementing good management at schools and hospitals yields change more slowly than at manufacturers--but it does come eventually. And the macroeconomic potential--for incomes, productivity, and delivery of critically needed services--is huge. A call for "better management" may sound prosaic, but given the global payoffs, it's actually quite radical.

  View details for PubMedID 23155999

• The Organization of Firms Across Countries QUARTERLY JOURNAL OF ECONOMICS Bloom, N., Sadun, R., Van Reenen, J. 2012; 127 (4): 1663-1705

  View details for DOI 10.1093/qje/qje029

  View details for Web of Science ID 000311905500003

• The land that lean manufacturing forgot? Management practices in transition countries ECONOMICS OF TRANSITION Bloom, N., Schweiger, H., Van Reenen, J. 2012; 20 (4): 593-635

  View details for DOI 10.1111/j.1468-0351.2012.00444.x

  View details for Web of Science ID 000308940500002

• Uncertainty and the Economy POLICY REVIEW Bloom, N., Davis, S. J. 2012: 3-13

  View details for Web of Science ID 000309851200001

• Management Practices Across Firms and Countries ACADEMY OF MANAGEMENT PERSPECTIVES Bloom, N., Genakos, C., Sadun, R., Van Reenen, J. 2012; 26 (1): 12-33

  View details for DOI 10.5465/amp.2011.0077

  View details for Web of Science ID 000302008200002

• Americans Do IT Better: US Multinationals and the Productivity Miracle AMERICAN ECONOMIC REVIEW Bloom, N., Sadun, R., Van Reenen, J. 2012; 102 (1): 167-201

  View details for DOI 10.1257/aer.102.1.167

  View details for Web of Science ID 000300411000006

• ARE FAMILY-FRIENDLY WORKPLACE PRACTICES A VALUABLE FIRM RESOURCE? STRATEGIC MANAGEMENT JOURNAL Bloom, N., Kretschmer, T., Van Reenen, J. 2011; 32 (4): 343-367

  View details for DOI 10.1002/smj.879

  View details for Web of Science ID 000287765200001

• Human resource management and productivity Handbook of Labor Economics Bloom, N., Reenen, J. V. 2011
• New Approaches to Surveying Organizations 122nd Annual Meeting of the American-Economics-Association Bloom, N., Van Reenen, J. AMER ECONOMIC ASSOC. 2010: 105–9

  View details for DOI 10.1257/aer.100.2.105

  View details for Web of Science ID 000278389300022

• Does Product Market Competition Lead Firms to Decentralize? 122nd Annual Meeting of the American-Economics-Association Bloom, N., Sadun, R., Van Reenen, J. AMER ECONOMIC ASSOC. 2010: 434–38

  View details for DOI 10.1257/aer.100.2.434

  View details for Web of Science ID 000278389300084

• Modern Management: Good for the Environment or Just Hot Air? ECONOMIC JOURNAL Bloom, N., Genakos, C., Martin, R., Sadun, R. 2010; 120 (544): 551-572

  View details for DOI 10.1111/j.1468-0297.2010.02351.x

  View details for Web of Science ID 000277405100012

• Why Do Firms in Developing Countries Have Low Productivity? 122nd Annual Meeting of the American-Economics-Association Bloom, N., Mahajan, A., McKenzie, D., Roberts, J. AMER ECONOMIC ASSOC. 2010: 619–23

  View details for DOI 10.1257/aer.100.2.619

  View details for Web of Science ID 000278389300119

• Recent Advances in the Empirics of Organizational Economics ANNUAL REVIEW OF ECONOMICS, VOL 2 Bloom, N., Sadun, R., Van Reenen, J. 2010; 2: 105-137

  View details for DOI 10.1146/annurev.economics.050708.143328

  View details for Web of Science ID 000290636900005

• Why Do Management Practices Differ across Firms and Countries? JOURNAL OF ECONOMIC PERSPECTIVES Bloom, N., Van Reenen, J. 2010; 24 (1): 203-224

  View details for DOI 10.1257/jep.24.1.203

  View details for Web of Science ID 000275435100010

• The Impact of Uncertainty Shocks ECONOMETRICA Bloom, N. 2009; 77 (3): 623-685

  View details for DOI 10.3982/ECTA6248

  View details for Web of Science ID 000266267700001

• Measuring and explaining management practices across firms and countries QUARTERLY JOURNAL OF ECONOMICS Bloom, N., Van Reenen, J. 2007; 122 (4): 1351-1408

  View details for Web of Science ID 000251506900001

• Uncertainty and the dynamics of R&D 119th Annual Meeting of the American-Economic-Association Bloom, N. AMER ECONOMIC ASSOC. 2007: 250–55

  View details for Web of Science ID 000246986500041

• Uncertainty and investment dynamics REVIEW OF ECONOMIC STUDIES Bloom, N., Bond, S., Van Reenen, J. 2007; 74 (2): 391-415

  View details for Web of Science ID 000245158400002

• Competition and innovation: An inverted-U relationship QUARTERLY JOURNAL OF ECONOMICS Aghion, P., Bloom, N., Blundell, R., Griffith, R., Howitt, P. 2005; 120 (2): 701-728

  View details for Web of Science ID 000229439000008

• Do R&D tax credits work? Evidence from a panel of countries 1979-1997 JOURNAL OF PUBLIC ECONOMICS Bloom, N., Griffith, R., Van Reenen, J. 2002; 85 (1): 1-31

  View details for Web of Science ID 000176456100001

• Patents, real options and firm performance ECONOMIC JOURNAL Bloom, N., van Reenen, J. 2002; 112 (478): C97-C116

  View details for Web of Science ID 000174916900008