News

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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Dr Gabriel Zucman awarded funding from ESRC's Future Research Leaders scheme

photograph of Gabriel ZucmanDr Gabriel Zucman from the Department of Economics has received funding from ESRC's Future Research Leaders scheme. 

He will develop a new, general, unified empirical framework for the study of inequality, growth, and government intervention and to use this new empirical framework in order to provide new results on how growth is distributed, and how this distribution is shaped by government tax and transfer policies.  

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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 LimodioNicola 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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