Dr Swati Dhingra awared an ERC Starting Grant
Swati Dhingra has been awared a European Research Council Starting Grant for the BIGlobal project, which will examine the sources of firm growth and market power to provide new insights into welfare and policy in a globalised world.
The project will determine how firm decisions matter for the aggregate gains from globalisation, the division of these gains across different individuals and their implications for policy design.
Professor Robin Brugess awarded an ERC Advance Grant
Robin Burgess has been awarded a European Research Council Advanced Grant for the MANANDNATURE project, which aims to create a new body of research on natural resource management and energy use in developing countries.
The project will bring novel, applied micro techniques from development economics to the study of environmental and energy economics, and harness new data collection technologies using satellites and randomised control trials.
Professor Tim Besley knighted for services to economics and public policy
Congratulations to Professor Tim Besley has been knighted in the 2018 New Year's Honours for services to economics and public policy!
Professor Besley is a School Professor of Economics and Political Science and W Arthur Lewis Professor of Development Economics.
Educated at Aylesbury Grammar School and Oxford University he became a prize fellow of All Souls College. He taught subsequently at Princeton before being appointed Professor in the economics department at the LSE in 1995. He is a Fellow of the Econometric Society, the British Academy, and the European Economic Association. He is also a foreign honorary member of the American Economic Association and of the American Academy of Arts and Sciences. He is the current President of the International Economic Association and served as the President of the European Economic Association in 2010. From September 2006 to August 2009, he served as an external member of the Bank of England Monetary Policy Committee and since 2015 has been a member of the UK’s National Infrastructure Commission. In 2018, he will serve as the President of the Econometric Society.
Professor Lord Nicholas Stern said: "For academics, Tim Besley is regarded as one of the leading economists of our times as recognised in his Presidency of the Econometric Society and of the International Economic Association. He has changed the way we understand many issues and areas, particularly in public policy and most recently in the role of institutions in economic development. Also he has been hugely influential in public discussion and engagement, including in evaluation of and steering World Bank research, on the UK Monetary Policy Committee, on the National Infrastructure Commission and in leading the LSE Growth Commission. His contributions have been truly outstanding and the LSE is very fortunate to have him with us."
For more information, please visit the LSE News web pages.
Earlier in 2017
The four UK Higher Education Funding Bodies have announced the appointment of the chairs of the 34 sub-panels for the Research Excellence Framework (REF) 2021. The chairs have been appointed following an open application process.
Professor Stephen Machin will be the Chair of the Economics and Econometrics sub-panel.
Stephen Machin is Professor of Economics and Director of the Centre for Economic Performance at LSE. He is a Fellow of the British Academy, as well as of the Society of Labour Economists and of the European Economic Association. He has been President of the European Association of Labour Economists and is a Council Member of the Royal Economic Society. His current research interests include inequality, social mobility, education and crime, and the interactions between them.
The key role of each sub-panel chair is to lead their sub-paneI in developing criteria for the assessment and in consistently applying assessment standards. The chair will also play a key role in engaging with the UK higher education sector on the REF.
A full list of the sub-panel chairs for each of the 34 sub-panel areas is available at the REF website. Read more here.
The Department of Economics is delighted to congratulate Fraser and Robert Clark, third year BSc Economics students, who have won the inaugural RES/Economics Network Undergraduate Video Competition. The prize is being awarded jointly with an entry from the University of Edinburgh.
The annual video competition is designed to encourage undergraduate students to explore how economics can be used to understand the real world and to communicate economic insights in a clear and intelligible way. Fraser and Robert’s entry focused on immigration and its effects on employment. The judges were particularly impressed by the quality of the economic content in the video and the clarity with which this was explained.
Fraser and Robert were awarded a prize of £500 and will have their video entered into an international multimedia competition organised by the International Economics Association. Their winning entry will also be shown by the RES at their annual public lecture.
Professor Lord Stern, RES president-elect, presented Fraser and Robert with their certificates on the 31st October 2017.
Dr Judith Shapiro, BSc Tutor said: “We are, of course, incredibly proud of their success. The video was selected in an LSE-wide competition, as each university was only allowed one entry. This competition was assisted by support from the LSE Vision Fund for our Department’s second-year research panel and the winners are also veterans of LSE GROUPS. The video draws on economic analysis by our faculty, and cites Professors Alan Manning and Frank Cowell in its explanatory entry.”
For further information, please visit the RES News page.
Watch the video.
Lord Nicholas Stern, I G Patel Professor of Economics and Government was made a Companion of Honour in a ceremony at Buckingham Palace on Thursday 16 November.
A prestigious award granted to only 65 people at a time, the Order of the Companions of Honour is for conspicuous service of national importance and recognises an individual’s major contribution to the arts, science, medicine, or government over their lifetime.
Professor Lord Stern was given the title in recognition of his contributions to economics, international relations and tackling climate change.
Only three other academic economists have ever been made a Companion of Honour – Friedrich Hayek, Lionel Robbins and most recently Amartya Sen - all former professors at LSE.
Commenting at the time the award was announced, Professor Lord Stern said he was, “delighted and deeply honoured.”
Dame Minouche Shafik, Director of LSE, said: “Many congratulations to Nick on this outstanding achievement. The fact he is only the fourth academic economist to ever be made a Companion of Honour speaks to the high esteem in which he is held, and the enormous impact he has had throughout his career. He has contributed on so many fronts ranging from cutting edge research to the front-lines of policy making, to teaching generations of students (including me) who are in his debt.”
For further information, please see the Economics Annual Review (page 13).
Congratulations to Professor Ricardo Reis who has received the Junior Prize in Monetary Economics and Finance by the Banque de France and the Toulouse School of Economics.
In 2012, Banque de France and TSE launched a series of prizes for academic researchers who have improved our understanding of monetary economics and finance. The aim of the awards is to foster conceptual progress toward the design and implementation of improved policies by central banks.
Ricardo Reis is the A W Phillips Professor of Economics at LSE. He is a consultant to central banks around the world and the editor of the Journal of Monetary Economics. Recent honours include the 2016 Bernacer prize for a European economist under the age of 40 with outstanding contributions to macroeconomics and finance.
Ricardo said: "It is an honour to be in the company of such a distinguished list of past winners of this prize, and to be on stage this year with Amir Sufi and Olivier Blancard, from whose work I have learned much over the years. The collaboration between BdF and the TSE in awarding this prize caputres th close connection between research in academia and in central banks that I have also strived to achieve in my career."
For further information, please visit the Banque de France's website.
Orazio Attanasio (former PhD student) elected to be Second Vice President of the Econometric Society in 2018 and President of the Society in 2020.
Dave Donaldson (former PhD student) elected Fellow of the Econometric Society.
Dilip Mookherjee (former PhD student) elected to serve the Econometric Society's Council Representation for Asia.
Further information is available on the Econometric Society's website.
Each year the LSE Volunteer Centre recruits a number of students to act as ambassadors for volunteering on campus. All ambassadors have lots of great volunteering experience. Among this year's ambassadors is Yanpeng Liang, who is in his third year BSc Economics. Read below to find out more!
"I’m really excited to have the opportunity to get involved in the works here at the LSE Volunteer Centre and become one of the LSE Student Volunteering Ambassadors, which gives me the chance to inspire more fellow LSE students to join this great cause."
"Volunteering has always been an indispensable part of my journey as a student. I volunteered on a weekly basis at Tan Tock Seng Hospital as a patient befriender and night carer when I was attending high school in Singapore. I also embarked on a volunteering trip to Nepal as a volunteer teacher in English and Math. Personally I’ve grown and developed significantly from all these exciting volunteering activities and got to know a great deal of inspiring and interesting individuals. I hope you can have the opportunity too! It’s always said that volunteering is not only about changing your surrounding, but also about changing yourself and developing as a person!"
For more information about the student volunteer ambassadors for this year, please visit the LSE Careers blog.
Professors Oriana Bandiera, Nava Ashraf and Maitressh Ghatak talked about how our social preferences affect our decision making and what are the economic consequences. They discussed how we can incorporate personal motivations into economic models and discuss the implications on the organisation of firms, the use of monetary incentives, and the delivery of public services.
You can find out more below:
- View the slides
- Listen to the podcast
- Read the Royal Economic Society's report on the presentation
The department welcomes the following new faculty members:
Dr Xavier Jaravel (Assistant Professor of Economics)
Dr Xavier Jaravel received his PhD in economics from Harvard in 2016. His research answers macro questions using micro data. His recent work studies the interplay between innovation and inequality. Dr Jaravel will be teaching Quantative Economics.
Dr Rachael Meager (Assistant Professor of Economics)
Dr Rachael Meager received her PhD in Economics and Statistics from the Massachusetts Institute of Technology and her BA./BComm in Economics, History and French from the University of Melbourne. Her research is at the intersection of development economics and statistics, with a focus on Bayesian hierarchical techniques. Though substantively interested in poverty alleviation and program evaluation in many different contexts, her work is interdisciplinary and often involves collaboration with computer scientists and statisticians. Dr Meager will be teaching Econometrics.
Dr Daniel Reck (Assistant Professor of Economics)
Dr Daniel Reck received a PhD in economics from the University of Michigan in 2016, and spent a year as a post-doctoral scholar at the University of California Berkeley. His research interests are in behavioral economics and public economics, with topics ranging from offshore tax evasion to the application of insights from behavioral economics to policymaking. He will be teaching Public Economics.