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There is another house price bubble under way in the Dublin area. Notwithstanding the efforts by the Central Bank to keep mortgage credit under control, some extraordinary prices have been quoted recently for the small p... Read more...
07 July 2016
UK business R&D would be 10 percent lower in the absence of tax breaks, write Kieu-Trang Nguyen and John Van Reenen. This article was published by the LSE Business Review blog on March 11, 2016 Link to article here ... Read more...
11 March 2016
British households can look forward to another year of ultra-low interest rates, with most economists expecting a maximum 1 per cent by the end of 2016. Just five out of 104 respondents to the question: ''Please explain ... Read more...
03 January 2016
Chancellor George Osborne survived the Bush Tucker trial that was Wednesday's spending review. ... Professor John Van Reenen, director of the Centre for Economic Performance, said: ''The sexy centrefold was a naked rever... Read more...
28 November 2015
Director of the Centre for Economic Performance at the London School of Economics, John Van Reenen, gives his reaction to the Autumn Statement. Whilst the U-turn on tax credits might appear to be the big story in the sh... Read more...
26 November 2015
A large body of empirical evidence suggests either that reasonable minimum wages do not destroy jobs at all, or that they do not destroy very many. The evidence is, of course, mixed and contested. Much of it comes from t... Read more...
10 July 2015
Iain Duncan Smith, the welfare secretary, has exhorted companies to ''pay their full share'' of workers' remuneration rather than leaving it to the state to prop up incomes through tax credits. Professor Steve Machin, re... Read more...
23 June 2015
...nero su bianco dal responsabile economico del partito Luis Garicano, economista della London school of Economics e precedentemente a Chicago, dove e stato allievo del premio Nobel per l'economia ... The proposal was... Read more...
22 June 2015
A system of 'European Safe Bonds' run by a continent-wide debt agency could save the eurozone without the need for fiscal union argue two leading analysts from the London School of Economics and Political Science. Pro... Read more...
28 September 2011
According to Stanford economics professor Nicholas Bloom, a US recession is almost unavoidable. He studied 16 previous “uncertainty shocks” (events like the Cuban missile crisis and the 9/11 attacks) and concluded that “... Read more...
12 August 2011
Tim Leunig: The question is: do Germans want to guarantee Greek, Italian and Spanish debt? I don't see any evidence of that. This article appeared in Sound Money on August 3, 2011 Link to article Rel... Read more...
03 August 2011
…de la primera semana de octubre», indicó Garicano en declaraciones a Ep. A juicio del profesor de la London School of Economics (LSE) y miembro de Fedea, "la situación española es extremadamente preocupante..." ... Read more...
…es "muy preocupante y peligrosa" porque se no está acabando el tiempo. Para Luis Garicano, profesor de la London School of Economics, la solución pasaría porque el BCE empezara a comprar deuda pública española... ... Read more...
02 August 2011
Article by Ethan Ilzetzki on the US debt deal. He says raising the debt ceiling should have been a "no-brainer". This article appeared on CNN on August 1, 2011 Link to article Related Links Ethan Ilz... Read more...
01 August 2011
Many Spaniards, asked by the government to sacrifice living standards and years in retirement to help fix public finances, have been incensed by Spain bailing out savings banks that were crippled by bad loans linked to r... Read more...
01 June 2011
A couple of months ago, Henry Overman, professor of economic geography at the LSE, gave a lecture titled How Did London Get Away With It? His answer came down to the kind of jobs that Londoners tend to have. The capita... Read more...
22 March 2011
The Spanish prime minister brought in measures yesterday aimed at distancing the country from other troubled countries within the eurozone. Luis Garciano a Spanish professor at the LSE is quoted as saying that the market... Read more...
02 December 2010
‘Coalition plans to cap benefits will not work as intended, and are unnecessarily draconian’ – Article by Dr Tim Leunig, a reader in economics at LSE. This article appeared in Prospect Magazine on November 18, ... Read more...
18 November 2010
Last week, as [Wayne] Rooney demanded a salary of £10.4m, the City prepared to gorge itself on a bonus pot of £7bn. "If you had just come back from a couple of years on a desert island you could be forgiven for thinking ... Read more...
24 October 2010
How effective these new rules will be depends on how they are interpreted. “It could take years to clarify under what circumstances firms can fire workers and pay only 20 days’ compensation,” says Luis Garicano, of the L... Read more...
07 October 2010
A suggestion that Spain's banking system still has a way to go before institutions can once again begin raising money on the wholesale finance markets to shore up their short-term liquidity. LSE professor Luis Garicano s... Read more...
06 October 2010
There is a high possibility that a second economic dip in the U.S. economy could occur, triggering a “snowball effect” throughout the rest of the world, according to a prominent London-based economist. “If someone had as... Read more...
20 September 2010
One risk, says Luis Garicano, an economist at the London School of Economics, is that Spanish lenders could follow in the footsteps of Japan's so-called zombie banks, "holding on to capital in order to cover their losses... Read more...
16 September 2010
Over the last decade or so, the biggest source of the growth of high pay and wider inequality has been bonuses, according to some recent research. And those who have benefited have been "the people [already] within the ... Read more...
15 September 2010
In a recent New York Times article entitled, “In Ireland, Dangers Still Loom”, authors Simon Johnson and Peter Boone warn of the consequences of the type of austerity programs being introduced across Europe—especially fo... Read more...
11 September 2010
“With such ready access to taxpayer bailouts, Canadian banks need little capital. They naturally make large profit margins, and they can raise money even if they act badly,” write Peter Boone and Simon Johnson in an arti... Read more...
06 September 2010
John Van Reenen, director of Centre for Economic Performance at the London School of Economics, told Public Finance the government should reconsider its fiscal policy in the light of the new figures. ‘The planned spendin... Read more...
12 August 2010
Increasing numbers of liberal economists are gravely worried that the UK has made a wrong turn in choosing an austerity budget. Professor John Van Reenen, Director of the LSE's Centre for Economic Performance, explains... Read more...
28 June 2010
Last year, Queen Elizabeth went to the London School of Economics to try and understand what had taken so much wealth out of her Commonwealth. 'Why did nobody predict it?' the monarch asked the hapless host, professor Lu... Read more...
01 June 2010
The latest CEP Election Analysis gives an overview of the research evidence on financial regulation, one of the key battlegrounds of the 2010 General Election. The publication is summarised below and can be found in f... Read more...
19 April 2010
The latest CEP Election Analysis gives an overview of bankers' bonuses and extreme wage inequality, one of the key battlegrounds of the 2010 General Election. The publication is summarised below and can be found in fu... Read more...
Speakers: Professor Tim Besley, Professor Alan Manning Date: Thursday 4 March 2010 Time: 6.30pm -8.00pm Venue: Sheikh Zayed Theatre, New Academic Building The UK government has a massive budget defic... Read more...
26 February 2010
Department of Economics Public Debate Date: Monday 30 November 2009 Time: 6.30-8.00pm Venue: Old Theatre, Old Building Speakers: Professor Tim Besley, Professor Willem Buiter, Professor Charles Goodhart, Professor... Read more...
26 November 2009
Peter Boone, chairman of Effective Intervention, at the Center for Economic Performance co-writes with Simon Johnson that the American dollar is in the midst of a large fall in its value, as compared with other major cur... Read more...
12 November 2009
Professor Lord Richard Layard will be speaking at Beyond Crisis, a TUC / Guardian one-day conference on progressive responses to the financial crisis on 16 Nov. This article appeared on the blog 'Touchstone' on No... Read more...
03 November 2009
Linda Yueh was interviewed, commenting on the UK banks, RBS and Lloyds, in terms of the additional government funding, rights issues, and restructuring on competition grounds. The interview was shown on Chan... Read more...
Peter Boone of the London School of Economics is mentioned in an article about the state of the financial sector. This article appeared in the Financial Times Online on October 21, 2009 Link to article ... Read more...
21 October 2009
Recent research by Nick Bloom – as well as research of an earlier vintage by Fed chairman Ben Bernanke – suggests that the impact of the credit crunch on uncertainty will lead to an economic slowdown much worse than w... Read more...
19 October 2009
Willem Buiter, professor of European political economy at the London School of Economics, says that it is a fallacy to think economic models, particularly those based on history, can hope to understand the fundamental re... Read more...
06 October 2009
A study by two economists, Nick Bloom of Stanford and John Van Reenen of the London School of Economics, concluded that companies that use the most widely accepted management techniques, of the sort that are taught in bu... Read more...
24 September 2009
Dr Alexander Grous from the LSE's Centre for Economic Performance, who has studied the link between IT investment and business performance, said: "The lesson we can draw here is that companies cannot simply save their wa... Read more...
02 September 2009
The origins and effects of the crisis were explained to her by Professor Luis Garicano, director of research at the LSE's management department. This article appeared in FinFacts Ireland on 28th July 2009. Link to ... Read more...
28 July 2009
“Why did nobody notice?” The Queen asked Professor Luis Garicano, Director of Research at the Department of Management, at LSE obviously concerned about its effect on her own investments which had fallen sharply. T... Read more...
27 July 2009
Article for Economix - Explaining the Science of Everyday Life, written by Peter Boone and Simon Johnson Peter Boone is chairman of Effective Intervention, a charity based in Britain, and a research associate of the Cen... Read more...
16 July 2009
Paul Krugman returned to the LSE on June 8th to give the annual Lionel Robbins memorial lectures. Mr Krugman tried to answer two big questions. Why did economists not foresee calamity? And how will the world economy cl... Read more...
11 June 2009
Paul Krugman, Professor of Economics and International Affairs at Princeton University, Centenary Professor at LSE and Nobel Laureate. is visiting CEP in June and will deliver the Lionel Robbins Memorial Lectures 2009. ... Read more...
01 June 2009
DÜSSELDORF. Wenn Nick Bloom, Ökonomie-Professor im kalifornischen Stanford, über Klimawandel und Weltwirtschaftskrise redet, dann kann das schnell ein bisschen zynisch klingen. Oder ironisch. Dabei meint der Brite das ga... Read more...
29 May 2009
Labour is considering putting a "job guarantee" for anyone unemployed for 18 months at the heart of its election manifesto, as ministers seek ways to offer hope to victims of the recession. The idea for the policy came... Read more...
28 May 2009
In a new report, Risk and regulation: A new era for capitalism, sponsored by Dubai Holding, the Economist Intelligence Unit finds that almost 60% of 418 global senior executives surveyed agree that the current crisis has... Read more...
18 May 2009
Despite some optimistic talk of signs of economic recovery - optimism not shared by the Bank of England in its latest assessment of things - unemployment is continuing to rise. Lord Richard Layard, director of the Well... Read more...
14 May 2009
Simon Johnson, is a professor at MIT Sloan School of Management and former International Monetary Fund chief economist. Peter Boone is a research associate of the Centre for Economic Performance and chairman of Effective... Read more...
08 May 2009
Britain will unveil a recession-fighting budget this week, seen as vital for Prime Minister Gordon Brown as he struggles to boost his flagging fortunes ahead of a likely election next year. "It's an important budget, a... Read more...
19 April 2009
That most Britons believe the economy will get worse suggests they misguidedly think things aren't so bad right now, writes Tom Cunningham from the Centre for Economic Performance. This article appeared in the Guard... Read more...
08 April 2009
Work by Nick Bloom at Stanford University in California has shown that even the temporary surges in uncertainty that followed previous shocks had destructive effects. This article appeared in the New Scientist on ... Read more...
18 March 2009
Nick Bloom, an economist at Stanford University, said that a declining, though still high, volatility in stock markets and “reasonably good” federal policies suggested that the economy should be able to avoid the lon... Read more...
13 March 2009
"The recession will be over sooner than you think", to quote the title of an article in CentrePiece by two US academics, Nick Bloom and Max Floetotto. The bit of history they emphasise is that of uncertainty exhibite... Read more...
12 March 2009
Tom Cunningham (Centre for Economic Performance) says that journalists have misunderstood the Consumer Price Index and that, in fact, prices are falling and not rising as they are reporting. This article... Read more...
27 February 2009
INVITATION - Berlin Lunchtime Meeting on Wednesday, 25 February 2009, 12 to 2pm DIW Berlin, Mohrenstr. 58, 10117 Berlin Main Conference Room, Second Floor Carbon taxes: Good for the Planet, not bad for Econo... Read more...
23 February 2009
Deflation is still a risk – we should press on with quantitative easing even though prices aren’t sliding quite as fast. Column by Tom Cunningham of the Centre for Economic Performance, LSE. This article appear... Read more...
18 February 2009
The LSE is holding a number of public lectures with key academics, business leaders and politicians who will examine the issues raised by the ongoing crisis. On Tuesday 17th February 2009 the first public lecture ... Read more...
17 February 2009
Luis Garicano, a Professor of Economics at LSE, thinks that the effect of the global market on incentives can go some way to explaining the current financial crisis. Applying his model of incentives to the world of footb... Read more...
04 February 2009
Die Krise der Weltwirtschaft zieht Deutschland hinab. Wie lange die globale Rezession anhält, ist ungewiss. Für drei US-Ökonomen ist das ein Grund zur Hoffnung. Article by Von Philip Faigle on paper by Nick Bloom and Ma... Read more...
11 January 2009
Economic Outlook 2009. Unemployment is likely to rise to near 3m, adding 1m people to dole queues and returning the country to a position not seen since the early 1990s. Tim Leunig of the London School of Economics sai... Read more...
02 January 2009
"The Spanish central bank didn't allow our banks to take American crap because they had their own crap...they were extremely exposed to the Spanish housing market," said economist Luis Garicano of the London School o... Read more...
23 December 2008
Nick Bloom, assistant professor of economics at Stanford University, provides the best available evidence of how an economy is likely to react to a temporary bout of volatility. This article appeared in the FT... Read more...
18 December 2008
YESTERDAY we linked to bad news for those hoping to preserve the environment in the face of a withering economy. Luckily, not everyone believes that the two crises are in opposition. Ralf Martin argues that lessons from ... Read more...
10 December 2008
In a conference in Brussels on 3rd December 2008, Director of the Centre for Economic Performance, Professor John Van Reenen debated the impact of the credit crunch on competition policy with John Fingleton, CEO of the U... Read more...
03 December 2008
Credited quote from LSE professor Dr Tim Leunig. This article appeared in the Independent on the 1st December 2008. [No link avaliable] Related Links Tim Leuing webpage Globalisation Programme webpa... Read more...
01 December 2008
The 82-year-old monarch had the main aspects of the current global financial crisis explained to her during the inauguration of a new building at the London School of Economics (LSE). The origins and effects of the c... Read more...
25 November 2008
Peter Boone is chairman of Effective Intervention, a UK-based charity, and a research associate at the Centre for Economic Performance, London School of Economics. This article appeared in the Wall Street Jou... Read more...
24 November 2008
The Great Depression obliterated GDP, but Nicholas Bloom, assistant professor of economics at Stanford University, wrote this week that 2009 will be tough but still result in an overall shrinkage in world GDP of 3%. ... Read more...
21 November 2008
He was mocked in the Daily Mail for "stammering" when asked by the Queen, on a royal visit, to explain why no one had foreseen the credit crunch. But Luis Garicano , director of research at the department of manageme... Read more...
20 November 2008
Professor Christopher Pissarides , of the London School of Economics, agreed the outlook for bar and restaurant workers in Islington was grim. He said: "I would expect bars and restaurants to be hit because they are sm... Read more...
19 November 2008
Professor Luis Garicano, director of research at the department of management, London School of Economics, comments on the Queen discussing the economy with him. This article appeared in the The Guardian on the 18th... Read more...
18 November 2008
In their study The Changing Pattern of Earnings: Employees, Migrants And Low-Paid Families, researchers analysed the earnings of a random sample of 1% of the British population over 30 years. They found the gap bet... Read more...
29 October 2008
The coming recession could make it much harder for low-income families to lift themselves out of poverty, a report suggests. Academics at the London School of Economics said that the gap between rich and poor was beg... Read more...
Linda Yueh was interviewed for the programme on reasons to be cheerful during this financial crisis. This interview was broadcast on BBC World Service on the 29th October 2008. Link to article. Related L... Read more...
Recession could stop more families from working their way out of poverty, researchers have warned. But co-author Abigail McKnight, of the Centre for Analysis of Social Exclusion at the London School of Economics (L... Read more...
Recession could stop more families from working their way out of poverty, researchers have warned. Co-author Abigail McKnight, of the Centre for Analysis of Social Exclusion at the London School of Economics (LSE) sa... Read more...
Comment written by Linda Yueh on how if a new system of international economic law emerges as a result of the banking crisis, it could benefit all nations. This article appeared in the Guardian on 23rd October 2... Read more...
23 October 2008
Economist Nick Bloom thinks both Europe and the United States will sink into a severe recession next year, with gross domestic product contracting by 3 percent and unemployment rising by a total of about 3 million. ... Read more...
20 October 2008
BBC News is running a series of commentaries this week by economists on the challenges facing the global financial system. Today, Linda Yueh considers the implications for China. This article appeared on the... Read more...
Analysts said the financial crisis could strain the unspoken pact between Putin and the tycoons, who have been allowed to prosper as long as they do not challenge his rule. "They're going to be fighting to get money from... Read more...
17 October 2008
The Treasury plans to invest up to $250 billion in individual banks and has already allotted half that amount to nine leading banks. For now, the key questions are: Will the plan work? And what consequences will it have ... Read more...
15 October 2008
Linda Yueh was interviewed on the U.S. financial crisis and presidential elections. This interview was given to United Television (UTV) News - India on October 13, 2008 [No link available.] Related Links... Read more...
13 October 2008
Linda Yueh interviewed on the financial crisis. The interview was given to Sky News on October 13, 2008 [No link available.] Related Links Linda Yueh webpage Globalisation Programme webpage... Read more...
"There is going to be an enormous political battle over who is going to be bailed out by the government's reserves," said Peter Boone, an associate at the Centre for Economic Performance at the London School of Economics... Read more...
For a start, according to the Stanford University economist Nick Bloom, the recent volatility of the stock market is on a par with the 1929 crash and subsequent episodes in that period when the Depression took hold. Bloo... Read more...
12 October 2008
Comment by Tom Cunningham (CEP Macro Programme) on how we should be worrying about deflation, not inflation. This article appeared in the Guardian on October 12, 2008 Link to article Related Links Tom... Read more...
Nicholas Bloom on the voxeu blog warns we might be on the precipice. “The crisis is shaping up to be a perfect storm – a huge surge in uncertainty that is generating a rapid slow-down in activity, a collapse of banking p... Read more...
10 October 2008
Stanford economist Nicholas Bloom finds the good news in the coming global recession. This article appeared in the US News and World Report on October 10, 2008 Link to article Related Publications 'Will... Read more...
Dr Tim Leunig, lecturer in economic history at LSE appeared on the programme this morning discussing the government’s bank bail out. This interview was broadcast on BBC Radio 5 Live Breakfast programme on October 8,... Read more...
08 October 2008
Article by Nick Bloom on his prediction of a recession for 2009 that he now believes was too optimistic an outlook. This article appeared in VOX online on October 8, 2008 Link to article Related Public... Read more...
Dr Tim Leunig, senior lecturer in Economic History at LSE, was interviewed on Wednesday about the banking crisis. This interview was broadcast on October 1, 2008 Link to programme Related Links Tim Leunig ... Read more...
01 October 2008
GIVEN the extraordinary events being played out on global capital markets, should we even be shocked by Lloyd's TSB gobbling up HBOS to create a new banking behemoth? Yes, we should, and not just because of its sheer si... Read more...
19 September 2008
Evan Davis hosted a live debate from the Willis Building in the City of London to reflect on the past year of economic turmoil, and to discuss where the credit crunch mess will lead next. The BBC Radio 4 programme The ... Read more...
16 September 2008