News

May 2016

LSE Teaching Awards 2016

Congratulations to all our teachers who were honoured by LSE at the LSESU Teaching Excellence Awards Celebration!

The Student Led Teaching Excellence Awards recognise those who have made a difference to the students time at LSE. 

LSESU Teaching Excellence Award Winner in Feedback to Francesco Ruggieri (Economics, current MSc Economics)

LSESU Teaching Excellence Award Winner in Innovative Teaching to Eleni Katirtzoglou (Mathematics)            

‘Highly Commended’ Awards in Innovative Teaching to Joanna Lewis (International History) and Aleksander Kloda (Economics, alumnus of BSc EME and MSc Economics)            

LSE Class Teacher Awards

Class Teacher Awards are nominated by academic departments in recognition of the special contribution made by graduate teaching assistants, teaching fellows and guest teachers to their work.

Economics Class Teachers awarded:

Shan Aman-Rana, Clement Minaudier, Kilian Russ, Thomas Drechsel, Frank Pisch 

(Honourable mentions to Tiloka De Silva, Giulia Giupponi, Aleksander Kloda, Luis Martinez, William Matcham, Maria Molina-Domene, Revi Panidha, Alessano Stoza, Ken Starling, Luke Taylor)      

For further information please visit the LSE TLC pages.

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Volunteering Awards for Economics Students

Congratulations to our BSc Economics students Chris Fairley and Dumisani Gwakuba for being honoured by LSE for their volunteering activities!

Economics student Chris Fairley has been named LSE’s 2016 Volunteer of the Year for his “enormous contribution” to support both human and animal rights as well as his work to help create an AIDS-free world.

photograph of Chris FairleyChris, 19, (pictured left) was chosen from 30 nominees for the award, announced at the LSE Volunteers annual celebratory ceremony on 28 April.            

His voluntary work in the past year has included roles with all four of LSESU Amnesty International’s campaign weeks, running the student union’s Animal Rights Society, founding LSE’s Youth Stop AIDS contingent and helping to organise events during LSE Student Volunteering Week.            

Accepting the award, Chris said:                       

“LSE’s volunteering community is both incredible and inspiring. It’s amazing to see so many talented and dedicated people working to improve the world around them. It’s been a privilege to work on causes that mean a lot to me with some of the most creative and passionate people I’ve ever met.”            

photograph of David Coles and Dumisani GwakubaFellow BSc Economics student Dumisani Gwakuba, 22, (pictured left with LSE Volunteer Co-ordinator David Coles) won the inaugural Outstanding Contribution to the LSE Community Award for his work as an LSE peer supporter at Bankside House.            

“A lot of this work is not always visible to staff and other students,” his nominator Debra Ogden said.            

“While our other peer supporters have done a great job, Dumisani’s enthusiasm and initiative has stood out this year. He is a real asset to the LSE community,” Debra said.            

Accepting the award, Dumisani said:            

“I am honoured and humbled to receive this award, and this has encouraged me to continue giving back as a Peer Supporter. This award is also dedicated to the rest of the Peer Supporters who continue to give back to the LSE community and consistently aim to make LSE a better place for all students. Hopefully this will encourage many others at LSE to pursue altruistic endeavours. My advice for students is that volunteering is not only an enriching experience but also one of the first steps to making the world a better place for all.”

For further information about the LSE volunteering awards, please visit the LSE News pages. 

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April 2016

Professor Gilat Levy awarded a European Research Council Consolidator Grant 

photograph of Gilat LevyProfessor Gilat Levy has been awarded a European Research Council Consolidator Grant for the BPI project. The project aims to provide a new framework to model and analyse dynamics of group beliefs, in order to study phenomena such as group polarisation, segregation and inter-group discrimination. It will introduce and study a new heuristic for the diffusion of beliefs in groups, the Bayesian Peer Influence heuristic (BPI), based on the idea that individuals learn their peers’ beliefs and update their own beliefs using a simple formula. The project will study the properties of the BPI and its applications to the dynamics of group behaviour. 

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Dr David Baqaee awarded a British Academy/Leverhulme Small Research Grant 

photograph of David BaqaeeDr David Baqaee has been awarded a British Academy/Leverhulme Small Research Grant to empirically identify which industries are systemically important to the economy. The project will combine the theoretical model of Baqaee (2015) with a rich, panel dataset of Japanese firms and will develop new econometric methods for estimating a measure of systemic importance that depends on how many important upstream and downstream connections are severed by the loss of a firm. 

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March 2016

April issue of Economica Journal

The second issue (issue 330 for April 2016) of the Department's house journal, Economica, is out this week.

Economica The contents of this issue include:

  • Coase Lecture - Human Capital, Inequality and Tax Reform: Recent Past and Future Prospects, by Richard Blundell
  • Why Can Modern Governmen Tax So Much? An Agency Model of Firms as Fiscal Intermediaries, by Henrik Jacobsen Kleven, Claus Thustrup Kreiner and Emmanuel Saez
  • Shopping Around: How Households Adjusted Food Spending Over the Great Recession, by Rachel Griffith, Martin O'Connell and Kate Smith
  • The Rising Postgraduate Wage Premium, by Joanne Lindley and Stephen Machin
  • Predicateble Recoveries, by Xiaoming Cai, Wouter J. Den Haan and Jonathan Pinder

To access the articles, please visit Economica's page. To submit a paper to Economica go to the online submission page.

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February 2016

Economics PhD student awarded funding from MIT

photograph of Florian BlumCongratulations to Florian Blum, PhD Student at the Department and affiliate of STICERD, who has been awarded funding from the Massachusetts Institute of Technology (MIT) to investigate the effect of central price-cap regulation on the quantity and price of service provision within the public services.

The project will also estimate the optimal price-cap that maximises consumer welfare.

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January 2016

January issue of Economica Journal

We are pleased to announce that the Department’s house journal, Economica, has been re-launched.

The Editorial Team comprises Oriana Bandiera, Tim Besley, Francesco Caselli, Maitreesh Ghatak, Steve Machin, Ian Martin, Gianmarco Ottaviano and John Van Reenen, all of whom are handling new submissions. 

The contents of the January issue are: Economica

  • Education as Liberation? by Willa Friedman, Michael Kremer, Edward Miguel and Rebecca Thornton
  • A General Equilibrium Analysis of Personal Bankruptcy Law by Ulf Von Lilienfeld-Toal and Dilip Mookherjee
  • Information and Enforcement in Informal Credit Markets by Parikshit Ghosh and Debraj Ray
  • The Slow Growth of New Plants: Learning about Demand? by Lucia Foster, John Haltiwanger and Chad Syverson
  • Spatial Asset Pricing: A First Step by François Ortalo-Magné and Andrea Prat
  • Does Competition Solve the Hold-up Problem? by Leonardo Felli and Kevin Roberts

The journal offers a quick turnaround time and aims to publish well-crafted papers of general interest across a range of fields.  To submit a paper to Economica go to the online submission page.

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New Year Honours at LSE

LSE would like to congratulate all staff, former staff and alumni recognised in the 2016 New Year Honours. In particular, the Department of Economics would also like to congratulate its alumni who have been been recognised!

Philip S Mason OBE, BSc Economics 1980, Order of the British Empire for services to International Anti-Corruption Policy.

Sir David R Norgrove, MSc (Econ) Economics 1972, has been knighted for services to the low paid and the family justice system.

For more information please visit the LSE News pages.

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Dr Pasquale Schiraldi awarded an ESRC research grant

photograph of Pasquale SchiraldiDr Pasquale Schiraldi has been awarded an ESRC research grant for his project "Simultaneous First-Price Auctions with Preferences over Combinations". The research aims to establish a new set of methods for theoretical and empirical analysis of simultaneous multi-object auctions; to contribute to the debate about the desirability of different auction designs in procurement auctions; and to evaluate the costs and benefits of different auction designs. Dr Tatiana Komarova and Dr Matthew Gentry are co-investigators on the project. 

 

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November 2015

2015 John Hicks Prize for an Outstanding Doctoral Dissertation

photograph of Reka JuhaszThe Department of Economics is pleased to announce that the inaugural John Hicks Prize for an Outstanding Doctoral Dissertation is awarded jointly to Reka Juhasz and Claudia Steinwender in 2015. 

Both use original historical datasets to look at important questions.photograph of Claudia Steinwender

Reka studies (pictured left) the impact of temporary trade protection from a technological leader on the long-term development of follower nations using evidence from 19th century Europe. 

Claudia (pictured right) studies the impact of the first successful transatlantic telegraph cable in 1866 on the cotton trade. Their work shows ambition and skill as well as delivering memorable results with persuasive research designs and, in the opinion of the committee, are fully deserving of the inaugural Hicks prize. 

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Professor John Van Reenen awarded an ERC Advanced Grant

photograph of John Van ReenenProfessor John Van Reenen, Professor of Economics at the Department and Director of the Centre for Economic Performance, has been awarded an European Research Council Advanced Grant for the GGTMI project. The project will examine ways to increase European growth through technological and managerial innovation. The technological innovation aspect is focused on examining the lifecycle of innovators and entrepreneurs across several advanced countries, and the impact of financial constraints, tax and schooling policies on stimulating greater innovation. The second theme will examine by how much managerial practices can account for differences in the wealth of nations and how management quality can be improved, focusing on randomized control trials of business support polices.

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Professor Martin Pesendorfer elected Fellow of the Econometric Society

photograph of Martin PesendorferWe are pleased to announce that Professor Martin Pesendorfer has been elected Fellow of the Econometric Society.

Founded in 1930, the Econometric Society is the foremost international society fostering the study and application of quantitative economics.  It publishes three leading econometrics journals, as well as a research monograph series, conducts numerous congresses, conferences and seminars, and promotes the diffusion of knowledge about recent developments in quantitative economics around the world via its regional groups.

Professor Martin Pesendorfer has been at the Department of Economics for more than 10 years. He is the MRes/PhD Programme Director and the Coordinator of the European Doctoral Programme at LSE. He is associate of the Economics of Industry Programme at STICERD, LSE and a research affiliate at the CEPR, a research fellow at the NBER, and member of the editorial board of the Review of Economic Studies.

For further information please visit the Econometric Society's news page.

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Professor Tim Besley elected Second Vice President of the Econometric Society

photograph of Tim BesleyWe are delighted to announce that Professor Tim Besley has been elected Second Vice-President of the Econometric Society, replacing Drew Fudenberg of Harvard.  His election means that he will serve as President of the Econometric Society in 2018.

Founded in 1930, the Econometric Society is the foremost international society fostering the study and application of quantitative economics.  It publishes three leading econometrics journals, as well as a research monograph series, conducts numerous congresses, conferences and seminars, and promotes the diffusion of knowledge about recent developments in quantitative economics around the world via its regional groups.

Tim Besley, who holds the Sir William Arthur Lewis Chair, has been a member of the Economics Department for 20 years. An external member of the Bank of England Monetary Policy Committee from September 2006 to August 2009, he is a Fellow of the Econometric Society, the British Academy, and the European Economic Association, as well as a foreign honorary member of the American Economic Association and of the American Academy of Arts and Sciences.

Speaking of his election, Tim said, “It is a great honour to have been elected to serve as President of the Econometric Society in 2018.  The Society has played a key role in transforming our discipline and has global reach. By being elected to this role, I will also continue LSE’s strong links to the Econometric Society.” 

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Professor Tim Besley appointed as a commissioner on the National Infrastructure Commission

photograph of Tim Besley

The government has launched a National Infrastructure Commission (NIC) to oversee £100bn of spending on infrastructure projects, such as road, rail flood defences, and other vital projects.  Led by former Cabinet minister Lord Adonis, the Commission will produce a report at the start of each five-year Parliament, offering recommendations for priority infrastructure projects.

Professor Tim Besley will serve as one of the seven commissioners charged with producing a report at the start of each five-year Parliament, offering recommendations for priority infrastructure projects.  Its initial focus will be in three key areas. These are: 

  • northern connectivity, particularly identifying priorities for future investment in the North’s strategic transport infrastructure to improve connectivity between cities, especially east-west across the Pennines
  • London’s transport system, particularly reviewing strategic options and identifying priorities for future investment in large scale transport improvements – on road, rail and underground – including Crossrail 2
  • energy, particularly exploring how the UK can better balance supply and demand, aiming for an energy market where prices are reflective of costs to the overall system.

Tim Besley, who holds the Sir William Arthur Lewis Chair, has been a member of the Economics Department for 20 years.  An external member of the Bank of England Monetary Policy Committee from September 2006 to August 2009, he is a Fellow of the Econometric Society, the British Academy, and the European Economic Association, as well as a foreign honorary member of the American Economic Association and of the American Academy of Arts and Sciences.

For further information please visit the HM Treasury's pages.

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2015 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

The Royal Swedish Academy of Sciences has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2015 to

Angus Deaton, Princeton University, NJ, USA

"for his analysis of consumption, poverty, and welfare".

photograph of Angus Deaton

Statement from the LSE Department of Economics congratulating Angus Deaton on his Nobel Prize

On behalf of the LSE Department of Economics I would like to congratulate Angus Deaton on his Nobel Prize in Economics. Angus is the economist who has most fundamentally advanced our understanding of consumption, poverty and welfare over the past half century. His early, path breaking work on the economics of consumer behavior and its link to aggregate consumption patterns was followed by seminal work looking at the links between income and consumption, poverty and intra-household allocation using household data in developing countries. Taken together his work has transformed not only academic research in economics but also how we think about policies to affect consumption, poverty and welfare both at the microeconomic and macroeconomic levels.

Robin Burgess
Professor of Economics and Director, International Growth Centre
Department of Economics
LSE

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Inger Munk

photograph of Inger MunkWe are sad to announce that Inger Munk, a former PhD student in the Economics Department who was based in STICERD died in a hiking accident on October 2nd leaving behind two young children.  Inger was always a cheery presence in STICERD and a dedicated researcher with strong interests in public policy questions.  Since leaving LSE, she became an expert in offshore wind technology and had recently started her own consulting business.  Our sympathies go to her family and friends at this difficult time.

Tim Besley and Maitreesh Ghatak

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September 2015

Dr Johannes Spinnewijn awarded the Willey Prize in Economics by the British Academy

photograph of Johannes SpinnewijnOn 29 September the British Academy announced the winners of its 2015 prizes and medals, which were formally celebrated at the British Academy's annual awards ceremony on the same date.

The annual Wiley Prize in Economics, made in partnership with Wiley-Blackwell, rewards achievement in research for an outstanding early career economist. The prize is a sum of £5,000. Dr Johannes Spinnewijn is the 2015 winner for his academic excellence in the field of economics, in particular his research in current and topical public policy.

Professor Leonardo Felli, Head of the Department of Economics, said: "On behalf of the entire Department of Economics, it is a real pleasure to congratulate our colleague Johannes Spinnewijn, whose outstanding work in public policy has today been recognised by the British Academy, in their decision to award him the 2015 Wiley Prize in Economics."

Dr Spinnewijn said: “I am greatly honoured to receive this prize and very happy with the recognition of my work in public economics. It is an exciting field to be in today and a joy trying to contribute to it at LSE.”

Further information is available from the British Academy News and Prizes pages.

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Economics PhD Student awarded RES 2015 Junior Fellowship Award

photograph of Nicola Limodiophotograph of Chris FairleyNicola Limodio, PhD student at the Department of Economics and an affiliate of STICERD, has received a Junior Fellowship research award for the academic year 2015-2016 for his research: The Economics of Development Lending: Evidence from Manager-Country Assignment in World Bank Projects.

The 2015 Junior Fellowship award scheme received 40 applications from a variety of UK universities (including Birkbeck, Birmingham, Bristol, Cambridge, Cardiff, Essex, Glasgow, Imperial, Leicester, LSE, Manchester, Oxford, Portsmouth, St Andrews, UCL, York and Warwick).

5 elected Council members assessed and graded the applications and the RES Secretary General made the final awards.  This year 16 candidates were selected for awards with 12 offers made. 

Further information about the RES Fellowships is available via the RES News pages.

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News Archive

Click on the News Archive to read the news of previous years.
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