Latest RLAB News

Below are the latest headlines for CEP and STICERD. For full coverage see the CEP News and Visitors Site and the STICERD News and Visitors Site
Reports: Lib Dems block Conservative onshore wind farm veto

A new report commissioned by RenewableUK found wind farms have no negative impacts on house prices within a five kilometre radius and can even push up property prices in some parts of the country. The industry report pre-empts the release of a study by Professor Stephen Gibbons at the London School of Economics, which is expected to argue that operational wind farms can reduce house prices by around seven per cent if they are located up to 5km from the wind farm site.

This article was published online by on April 1, 2014
Link to article here

Related publications
'Gone with the wind: valuing the local effects of wind turbines through house prices' by Stephen Gibbons. Draft report link

Related Links
Steve Gibbons webpage
SERC website
Capital Ebbs and Flows blog

Blog by Joseph P. Joyce, Professor of Economics at Wellesley College and the Faculty Director of the Madeleine Korbel Albright Institute for Global Affairs.

Ukraine's track record with the IMF is not a good one. In November 2008 as the global financial crisis intensified, the IMF offered Ukraine an arrangement worth $16.4 billion. But only about a third of that amount was disbursed because of disagreements over fiscal policy. Another program for $15.3 billion was approved in 2010, but less than a quarter of those funds were given to the country.

The recidivist behavior is the product of a lack of political commitment to the measures contained in the Letters of Intent signed by the government of Ukraine. Ukraine, like other former Soviet republics, was slow to move to a market system, and therefore lagged behind East European countries such as Poland and Romania in adopting new technology. Andrew Tiffin of the IMF attributed the countr's economic underachievement to a 'market-unfriendly institutional base' that has allowed continued rent-seeking. Promises to enact reform measures have been made but not fulfilled. Are the chances of success any better now? Peter Boone of the Centre for Economic Performance at the London School of Economics and Simon Johnson of MIT are not convinced that there has been a change in attitude within the Ukrainian government, despite the overthrow of President Viktor Yanukovych. Consequently, they write: 'There is no point to bailing out Ukraine's creditors and backstopping Ukrainian banks when the core problems persist: pervasive corruption, exacerbated by the ability to play Russia and the West against each other.'

The article was posted online on the blog on March 31, 2014
Link to article here

Related links
Peter Boone webpage
Effective Intervention Programme webpage

BBC Radio Norfolk

Research by Professor Steve Gibbons cited in a discussion of a new report commissioned by Renewable UK which has concluded that having a wind farm nearby does not affect the value of a house - which contradicts the findings of the report from LSE.

The interview was broadcast on BBC Radio Norfolk News on March 31, 2014
No link available.

Related publications
'Gone with the wind: valuing the local effects of wind turbines through house prices' by Stephen Gibbons. Draft report link

Related Links
Steve Gibbons webpage
SERC website

Austin Robinson Prize awarded to STICERD academic
Johannes Spinnewijn

At this year's Royal Economic Society Annual Conference, held in Manchester 7-9 April 2014, Johannes Spinnewijn won the 2013 prize for his paper Insurance and Perceptions- How to Screen Optimists and Pessimists. Launched in 2007, this annual prize is awarded for the best non-solicited paper published in The Economic Journal by an author who has completed their PhD in the last five years. The winner is selected by the Editors of the EJ.

Oriana Bandiera was the Programme Chair for the 2014 conference, and the main sessions are available at

Article by Maitreesh Ghatak in Outlook India
''A Look In The Mirror''

Maitreesh Ghatak and Sanchari Roy hold Gujarat up against other states to see if it grew more in the Modi decade than in the preceding 20 years. The article will be published in the forthcoming Oulook India Magazine on March 31st. The online version can be found here

LSE Housing and Communities launch new report for HAILO
Work and Welfare Reform: Impacts in the South West 2014

Welfare reforms will prompt many social housing tenants to make fundamental changes around their choice of jobs, housing, and how they manage their money day to day. LSE Housing and Communities has been asked by nine housing associations in the South West of England to understand these changes from a tenantís point of view.

This is the baseline report of a longitudinal survey commissioned by the South West Housing Association Influence and Leadership Organisation (HAILO). The study aims to monitor the emerging consequences of benefit changes on working age social housing residents as these reforms progress by following 200 social housing tenants across the South West over an extended period of time.

Read the full report here.