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Peter Levell

Peter Levell

Senior Research Economist


PhD, University College London, 2019

MSc Economics, London School of Economics, 2009

BSc Economics (1st Class), University College London, 2008


Peter joined the IFS in September 2009. He has published several papers on the microeconomics of household spending and labour supply decisions over the life-cycle. He has also written about the measurement and impact of inflation and is a member of the ONS Technical Advisory Panel on Consumer Prices. He obtained his PhD in Economics from UCL in 2019.

Academic outputs

IFS Working Paper W20/2
Household borrowing and spending rise with house prices, particularly for leveraged households, but household spending is not consumption.
Journal article | American Economic Journal: Economic Policy
This paper documents significantly steeper declines in nondurable expenditures at older ages in the United Kingdom compared to the United States, in spite of income paths being similar. Several possible causes are explored, including different employment paths, housing ownership and expenses, ...

Reports and comment

Briefing note
The spread of COVID-19, and international measures to contain it, are having a major impact on economic activity in the UK. In this observation we describe how this impact has varied across industries using data on share prices of firms listed on the London Stock Exchange, and how well targeted ...
Newspaper article
The value of the pound has changed a lot over the past three years - making us all a little poorer. Back in December 2015, £1 would buy you about €1.40. Today it will get you nearer €1.14. It has suffered a similar fate against most major currencies, losing about 15% of its value over that ...


This presentation was given by Peter Levell as part of the "A look ahead to the March 2020 Budget" preview briefing.
This presentation was delivered by Peter Levell as part of an event held on 5th October where a chapter of the Green Budget 2018, "The exposure of different workers to potential trade barriers between the UK and the EU", was launched.