CEP LSE RSS Contact Us YouTube Facebook Twitter

Staff Biography

[Photo: Isabelle ROLAND] Dr Isabelle ROLAND
Research Economist - Growth
Tel:  020 7852 3522
Email: I.Roland@lse.ac.uk
Room/Desk: 32L 2.11 A  

Expertise: Empirical corporate finance; financial frictions and their impact on productivity and growth; banking and financial regulation


Isabelle is an Economist Research Assistant, and PhD candidate at the CEP and the London School of Economics and Political Science. She is a member of the Financial Markets Group (FMG) and a Scholar at the Paul Woolley Centre for the Study of Capital Market Dysfunctionality. She received her B.Sc. in Economics at the Katholieke Universiteit Leuven, Belgium, and her MSc/MRes at the London School of Economics and Political Science. Her research is focused on the impact of financial frictions on productivity and growth. Prior to joining CEP, Isabelle worked in the Economic Consulting practice of LECG where she worked on a number of projects on regulatory and competition economics for clients in the telecommunications, utilities, and financial sectors. She also worked as a Research Analyst at the European Bank for Reconstruction and Development covering Central and Eastern Europe.

Current Areas of Research:

I am currently looking at the impact of financial frictions on UK labour productivity during the financial crisis; the impact of Knightian uncertainty on the liability structure of UK banks during the financial crisis; and the impact of management practices on firm performance in the light of agency conflicts.


  • BSc in Economics, Katholieke Universiteit Leuven, Belgium
  • MSc in Economics, London School of Economics
  • PhD in Economics, London School of Economics (Expected 2016)


  • ESRC Scholarship (2009-2013)
  • Paul Woolley Centre Scholarship (2013-2015)

Affiliations/Professional activities with other institutions:

  • CEP - Economist Research Assistant
  • FMG - Research Student
  • Paul Woolley Centre for the Study of Capital Market Dysfunctionality - Paul Woolley Scholar

Selected Publications:

  • Fabrizio Coricelli, Nigel Driffield, Sarmistha Pal, and Isabelle Roland (2012), When does leverage hurt productivity growth? A firm-level analysis, Journal of International Money and Finance, Vol 31(6), October 2012, pp.1674-1694

CEP Publications:

  • #ElectionEconomics: The Research Evidence on Key Issues for Voters in the 2015 UK General Election
    Ghazala Azmat, Brian Bell, Jonathan Colmer, Antoine DechezleprÍtre, Swati Dhingra, Christian Hilber, Stephen Machin, Alan Manning, Ralf Martin, Alistair McGuire, Sandra McNally, Gianmarco Ottaviano, Henry Overman, Isabelle Roland, Thomas Sampson, Anna Valero, John Van Reenen, Jonathan Wadsworth, Gill Wyness, Gabriel Zucman, April 2015
    Paper No' CEPEA034: Read Abstract | Paper 1 (pdf) | Paper 2 (pdf)

  • Productivity and Business Policies
    Isabelle Roland, Anna Valero, March 2015
    Paper No' CEPEA021: Read Abstract | Full paper (pdf)