A summary of our research on the โฌuro๐ถ & market power with @tcrescioli
Delighted to have been invited by @ProMarket_org@StiglerCenter to write this article based on our work "Beyond the Great Reversal: Superstars, Unions, and the Euro"
@LSEEI@LSEnews
Did the Euro Reduce Market Power?
@tcrescioli and @angelo_martelli argue that a study of labor market power muddles the picture of higher competition in Europe.
https://t.co/BFNIFv7t9Q
Great to see that our paper is accepted at the @QJE!
4 key findings on conflict displacement & human capital:
Place effects: ~2pp/year of childhood exposure
Spatial sorting: near zero within families
Uprootedness raises schooling
But 30 years on: โฌ๏ธtrust & mental health
๐๏ธ โป๏ธ Dr Angelo Martelli @angelo_martelli has co-authored a literature review which provides an overview of the relationship between institutions and climate policies and concludes with potential avenues for future research.
Read more ๐
https://t.co/DWQvTMi0sN
There is still a week to submit if you want to join us in Naples for the next edition of the "Firms, Labor Markets, and Development" Workshop.
Apply here: https://t.co/sjBisn7aok
The future of our economy, security, resilience and defence is bound with Europe. Closer alignment isn't about choosing sides - it's about geography.
Good to speak to @Bruegel_org about investing in our collective security and driving growth.
We were delighted to co-host a conference on โSecurity in Europeโ to mark 20 years of @Bruegel_org yesterday, which concluded w/ a conversation between @RachelReevesMP, Chancellor of the Exchequer, and @jzettelmeyer, Bruegel Director, chaired by Dr @angelo_martelli@LSEnews ๐ช ๐ช๐บ
Extraordinary talk on EU-UK by Chancellor @RachelReevesMP at LSE @LSEnews last night, chaired by @angelo_martelli ๐ฌ๐ง๐ช๐บ
Reeves: "I start by saying I strongly believe that Britain's future is inextricably bound with that of Europe's, and that is for economic reasons that I'm primarily responsible for as chancellor, but also reasons of security, resilience and defence."
"The truth is, economic gravity is reality, and almost half of our trade is with the European Union. We trade almost as much with the EU as the whole of the rest of the world combined. And so, you know, I'm all up for doing deals with India and the US and Korea, but none of them are going to be as big as what we can get through better trade relations with Europe."
"I think further integration will require further alignment. I'm up for that. My government, here's government, is up for that, and we are keen to go through a sectoral level of what areas we think we could have deeper alignment in, some of which could be unilateral, and some of which could be negotiated, but I think there are big opportunities there. I was with Valdis Dombrovskis and Maros Sefcovic just a couple of weeks ago in Downing Street. We had really productive meetings about what the future might look like, and we've made good progress this last year, but I think there is more to do, including in the area that I'm most responsible for in the treasury, around financial services. There are sort of three big financial centres in the world. There's New York, there's London, and there's Hong Kong. And London should be seen as an asset for the whole of Europe, not just for the UK, but for the whole of Europe. And we want London to be that asset."
"Other countries around the world are looking inwards and increasing barriers at the moment, whether that's on trade, on movement of people, on investment, and we want to show there is a different path, and there is a path that leads to greater prosperity for our people. And I believe that that path is from one which is around openness, openness to trade, to investment, to business to talent, and that is what we're trying to pursue in the UK. And I think there are obviously big similarities. Our challenges in the UK are the same as the challenges in all of the member states across the EU, but we've got a better chance of succeeding if we work together in that shared environment. There are three big trading blocks in the world, there's the US, there's China, and there is Europe, and we want to make Europe as strong as possible, and that means not putting up the drawbridge."
"I know we did that when we voted to Leave, not me, but the country made that decision, but I believe that there is an appetite. There's a lot of pushback, saying, wait a second, we voted to Leave. Or why are we going to be making it easier to trade again? And where does this lead? And even with the ambitious feasibility scheme, I think Erasmus is one of the most popular things that we have done as a government, because it is about giving hope that there is a better future and that we are ambitious to Britain for our young people."
"We've already agreed the Erasmus student exchange program, which I'm so pleased about, because it was seemed to me when we left the EU and no sense that we would at the same time take away those opportunities that many of us had from our children and future generations. And so we're very pleased to have secured that deal, and we are working on implementing what was agreed between Keir Starmer and Ursula von der Leyen and the teams at the summit last year on SBS, a food and farming agreement on energy trading, and an ambitious Youth Mobility scheme, and I hope that very soon we would have made more concrete progress in some of those areas".
Last week, we held our annual @LSEEI retreat at @CumberlandLodge under the theme "Europe and its Neighbours".
The conference featured fascinating panels and I had the pleasure of convening two discussions.
On the opening evening, we hosted @macrocredit (Andromeda Capital Management), who delivered an engaging presentation titled "Fat tails on Fire: Europe in the New World order", examining the key macro and markets features of a shifting geoeconomic landscape.
The following morning, together with @nina_vujanovic@Bruegel_org and @DavideOneglia@TS_Lombard we looked at the issues of defence spending, enlargement and the role of Ukraine.
Thanks again to my co-organisers @ygursoy and @JonathanPJWhite, to the EI PhD students @B_Morari and @luca_siepmann and to the students who engaged so actively with our speakers. Grateful also for the tireless organisational effort led by @Witchy_Nat with the support of Laura Rezende Malouf.
Join us next week to celebrate @Bruegel_org's 20th anniversary with a special half-day conference on security in Europe, and how it will affect growth and competitiveness.
๐๏ธ Wednesday 11 February
๐ฅ 2.30-5.30pm
๐๐๏ธ Book your place now: https://t.co/wzxjswKZZW
โฐLAST CHANCE TO BOOK! (PANEL 2/5)
Join us today to hear from our Programme Director @angelo_martelli and recent graduates across our four prestigious Double Master's Degrees!
๐๏ธ Tuesday, 27 January 2026
๐ 2.00-3.00pm GMT/UK time
๐ Online
๐https://t.co/AUrtSitAvp
1/ Economists: Iโve launched a small project to make AI coding tools actually useful for your dayโtoโday work.
Awesome Econ AI Stuff โ a growing collection of reusable AI โskillsโ for Claude Code, Cursor and Gemini CLI, tailored to empirical + theoretical economics. https://t.co/IdLIprWnr9
What is it like to study on a Double Master's Degree at the LSE European Institute?
On Tuesday 27th I will be answering questions wearing my hat as Double Degrees Programme Director. I will share the stage with four of our alumni who will share their journey at the EI and beyond.
Don't forget to register!
๐๐ฟ๐ฒ ๐๐ผ๐ ๐๐๐ถ๐น๐น ๐ผ๐ป ๐๐ต๐ฒ ๐ณ๐ฒ๐ป๐ฐ๐ฒ ๐ฎ๐ฏ๐ผ๐๐ ๐ฎ๐ฝ๐ฝ๐น๐๐ถ๐ป๐ด ๐ณ๐ผ๐ฟ ๐ฝ๐ผ๐๐๐ด๐ฟ๐ฎ๐ฑ๐๐ฎ๐๐ฒ ๐๐๐๐ฑ๐ ๐ฎ๐ ๐๐ต๐ฒ ๐๐ฆ๐ ๐๐๐ฟ๐ผ๐ฝ๐ฒ๐ฎ๐ป ๐๐ป๐๐๐ถ๐๐๐๐ฒ?
Join us to find out what itโs like to study at the EI from our alumni! ๐
https://t.co/hmCaOHUThY
Join my outstanding research team @UZH_ch in Zurich as a #predoc research associate in summer 2026! We conduct empirical analyses of labor markets, globalization, technology and politics. More info and link to application: https://t.co/meUWV7SUi2
@econ_ra@predoc_org
#ResearchImpact
It was a pleasure to be invited to Westminster with my colleague, @MatiRosina, for an exchange on the political economy of migration and the immigration system reform.
@LSEEI@Bruneluni
"Europe was a train unable to leave the station when the report came out. People were in absolute denial, they wouldn't believe that things were bad. Now that stage is overcome. The train left the station and is slowly moving outward" Mario Draghi @Citadel@BloombergTV
https://t.co/anGHzv6KYG
Happy first day of the Autumn Term! ๐
This academic year is an extra special one as we are celebrating LSEโs 130th anniversary๐
The theme is centred around LSEโs impact, past and present. Look out for celebratory events, freebies, announcements, and more from Oct onwards!๐