Debraj Ray, Joan Esteban 04 July 2016

Since 1950, more than half of the world’s countries have experienced situations of civil war. In this video, Debraj Ray and Joan Esteban discuss their research on the impact of conflict on economic development. In order to design the best possible institutions to cope with conflict, we need to understand the drivers of these conflicts. This video was recorded during the conference on “Economic Development and Institutions” held in Paris in June 2016.

Family is a key institution in many countries, particularly developing countries. In this video, Jean-Philippe Platteau and Catherine Guirkinger discuss the role of families in society. In countries where the judicial system is weak, families are important in settling conflicts and can replace formal institutions. Families can also change the impact of public policies. This video was recorded during the conference on “Economic Development and Institutions” held in Paris in June 2016.

Kaivan Munshi 29 June 2016

Institutions are implicit or explicit rules that bring people with the same objective together. In this video, Kaivan Munshi discusses the role of informal community-based institutions in migration and the development process. Pre-existing social groups support migration and eventually development. This video was shot during the conference on “Economic Development and Institutions” held in Paris in June 2016.

Samuel Bowles 27 June 2016

Institutions define the rules of the game, and understanding them allows to us to understand how economies change. In this video, Sam Bowles discusses the role of institutions for wealth inequality and redistribution of wealth. Politics and institutions are the key to understanding inequality. This video was shot during the Conference on Economic Development and Institutions held in January 2016 at the University of Namur.

Financial markets account for a large sector of the economy, and understanding their effectiveness is of critical importance. In this video, participants including Joseph Stiglitz, Financial Times columnist John Kay, and Luigi Zingales discuss new approaches to the issue. In order for financial markets to work for our society, broad consensus is needed. This video was recorded in February 2016 at the “Understanding Financial Markets Effectiveness: New Approaches” Conference jointly organized by the FCA and the Systemic Risk Centre at LSE.

Richard Baldwin 30 March 2016

During the Royal Economic Society’s Annual Conference on 22 March 2016, four panelists discussed the political and economic costs of Brexit. In this video, Richard Baldwin argues that Brexiteers hoping to regain control over their economic policy still think of trade as it was in the 20th century, when goods were made in one place and sold in another. We are not in that world anymore. Domestic political pressures would lead the UK to adopt the 'Norway option' where it would have to obey EU regulations and pay to the EU budget, all without a formal say in the shape of those regulations.

Anatole Kaletsky 22 June 2016

If the UK leaves the EU, what will happen to the UK economy? In this video, Anatole Kaletsky argues that Brexit would be economic suicide, or at least self-harm. A trade agreement that grants access to the Single Market implies conceding political sovereignty, contributing to the EU budget, and free movement of labour. This video was recorded during the “Economics of the UK’s EU Membership” conference organised by the National Institute of Economic and Social Research in February 2016 and held in London.

Karl Whelan 20 June 2016

A large amount of business done in the City is linked to the UK’s membership of the EU. In this video, Karl Whelan discusses the impact of Brexit for the UK’s financial sector. He also argues that leaving the EU would take away the UK’s voice in shaping future legislation, which it would nonetheless have to follow in order to retain access to the Single Market. This video was recorded during the “Economics of the UK’s EU Membership” conference organised by the National Institute of Economic and Social Research in February 2016 and held in London.

Nauro Campos 17 June 2016

As Europe heads towards Parliamentary elections, this VideoVox looks at the economic benefits of EU membership. On average, European countries are 12% richer a decade after they join the EU. The UK is 24% better off since joining in 1973. The video was recorded in March 2014.

Behavioural industrial organisation centres on competition analysis with realistic assumptions, reflecting human behaviour. In this video, economists Peter Andrews, Amelia Fletcher, Michael Grubb, Charlotte Duke and David Laibson discuss how behavioural industrial organisation can be used to model and regulate financial markets, as well as to promote more effective competition. The video was recorded during the FCA symposium on Behavioural Industrial Organisation held in December 2015.