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Challenges for Europe

In 2002 the Centre for Economic Performance was awarded a Queen's Anniversary Prize for Higher & Further Education for its research on unemployment and inequality. In celebration of the Prize, the Centre is running a series of Prize Lectures throughout 2003 given by leading world academics and commentators on "Challenges for Europe", open to all who wish to attend. In winning the Prize, the CEP is "recognised as a centre of national and international excellence in the application of economic theory and rigorous empirical analysis to issues of unemployment, productivity, education and international trade." The citation says that the Centre "has had a significant impact on government policy in the UK and more widely."

Read the Centre's Queen's Prize Submission Booklet (in Adobe PDF format, 167kb) for information on the Centre's main research, and its impact on policy, as well as the way in which the Centre and its staff operate.


Wednesday 5 FEBRUARY 2003, 6:00pm

Adair Turner, Vice-Chairman, Merrill Lynch Holdings Ltd, Visiting Professor, LSE
'What's wrong with Europe's economy?'
Many people believe Europe is an economic laggard versus the US, and that wide-ranging "structural reform" is essential to stimulate growth. But this analysis misleads us. It fails to distinguish social choice from economic efficiency, or to focus on the few specific areas where difficult structural reform is needed - in labour markets and pension systems. And it underplays the importance of macro factors, such as the objectives of the European Central Bank. A better understanding of the problem is required for better definition of policy priorities.
Read the transcript [pdf]
Download the powerpoint presentation [ppt]

Venue: Old Theatre, Old Building, LSE, Houghton Street, WC2A 2AE


Tuesday 18 FEBRUARY 2003, 6:00pm

Peter Kenen, Walker Professor of Economics and International Finance, Princeton University
'Reassessing the Euro: expectations and achievements'
Four issues were debated during the run-up to EMU: Do the EU countries constitute an optimum currency area? Should monetary union be accompanied by a federal fiscal union? Will monetary union promote trade and financial integration? Will the euro challenge the dollar as the main international currency. We will revisit these issues in the light of actual experience and more recent research.

Venue: New Theatre, East Building, E 171, LSE, Houghton Street, WC2A 2AE.


Monday 19 MAY 2003, 6:00pm

Willem Buiter, Chief Economist, European Bank for Reconstruction & Development
'Deflation: Causes, Prevention and Cure'
After an absence of almost half a century, the spectre of deflation is once again haunting the corridors of central banks and finance ministries in the industrial world. Deflation can be prevented and, if it has taken hold, can be overcome, using conventional instruments of monetary and fiscal policy. Unconventional monetary and fiscal measures are also available.

Venue: Old Theatre, Old Building, LSE, Houghton Street, WC2A 2AE

Download presentation ppt
Download paper pdf & appendixpdf


Tuesday 17 JUNE 2003, 6:00pm

Paul Krugman, Princeton University
'The next big problem'
Venue: Old Theatre, Old Building, LSE, Houghton Street, WC2A 2AE


Monday 30 JUNE 2003, 3:00pm - 4:30pm

Alan Krueger, Bendheim Professor of Economics and Public Affairs, Princeton University
'Education and the economy'

Professor Krueger is probably the world’s leading expert on the economics of education. He will survey some of the key issues, including human capital and growth, human capital accounts, vouchers, and computerized education.

A review of the lecture from The Guardian:
From Donald MacLeod, The Guardian, Tuesday July 1, 2003 Summer opens up 'Harry Potter divide' in achievement

A "Harry Potter divide" in the achievement of schoolchildren opens up in the summer holidays, according to a leading American economist.

Alan Krueger, director of Princeton University's survey research centre, said middle class families encouraged their children to read over the long summer break while children from poorer families did not and their reading skills atrophied. He investigated this phenomenon two years ago when the previous JK Rowling adventure was all the rage in the US, he recounted in a lecture at the London School of Economics yesterday. [More...]

Venue: Old Theatre, Old Building, LSE, Houghton Street, WC2A 2AE.
Useful links:
Full Article from The Guardian
Alan Krueger Web Page (Princeton University)


Thursday 23 OCTOBER 2003, 6:00pm

John Kay, Visiting Professor, LSE
'On the edge: the uneasy boundaries between public and private sectors'
Privatisation, contracting out, the reform of public services, and the growth of new forms of regulation in the boundaries between the public and private sectors have been a central political issue for the last two decades.

This lecture will review successes and failures - and argue in the light of these that attempts to give precise definition to these boundaries is doomed to failure, and that we should aim to create a spectrum of diverse organisational forms.

John Kay has held chairs at London Business School and Oxford University, was founding chairman of London Economics and a director of several public companies. He is a visiting professor at LSE. His most recent book is The Truth about Markets, Penguin, 2003.

Venue: Old Theatre, Old Building, LSE, Houghton Street, WC2A 2AE.


Thursday 29 JANUARY 2004, 6:00pm

Norbert Walter, Chief Economist, Deutsche Bank Group, Frankfurt
'Europe - pillar of the world economy - or just an appendix?'
Chaired by Professor Lord Wallace,
(International Relations Department, LSE)
Venue: Old Theatre, Old Building, LSE, Houghton Street, WC2A 2AE
Further information and updates on the series can be found at http://cep.lse.ac.uk/queens or by contacting Jo Cantlay, Events Coordinator, CEP, Tel: +44 (0)20 7955 7284, Email: J.M.Cantlay@lse.ac.uk