Nicholas Crafts 15 June 2016

If the UK leaves the EU, what's next for the economy? In this video, Nicholas Crafts of the University of Warwick discusses the impact of EU membership on the British economy. The type of agreement the UK would reach outside the EU is most important, and the risks outweigh the potential gains. This video was shot during the “Economics of the UK’s EU Membership” conference organised by the National Institute of Economic and Social Research (NIESR) on 23 February 2016 and held in London.

John Springford 14 June 2016

To the EU’s critics, the cost of regulations emanating from Brussels have become so great that they outweigh the – as they see it – modest benefits of single market membership. In this video, John Springford (CER) tests this claim against the evidence. He points out that the EU’s regulations and directives reduce the cost of trade between member-states – and that critics fail to take that into account. This video was recorded in June 2016 during the “Economics of the UK-EU Relationship” workshop at Brunel University London.

Corrado Macchiarelli 14 June 2016

The history of European integration has been characterized by several ‘stops-and-goes’ with considerable support on political grounds. In this video, Corrado Macchiarelli (Brunel) discusses the role of European integration for the future of the EU-UK relations. Integration, consistent with the idea of ‘completing’ the European Monetary Union (hence, a ‘Genuine Economic and Monetary Union’- GEMU) would affect the UK as well, irrespective of whether it will withdraw from the EU. Costs and benefits of EU membership should hence take GEMU into account. This video was recorded in June 2016 during the “Economics of the UK-EU Relationship” workshop at Brunel University London.

Peter Egger 14 June 2016

The European Union (EU) spends a large share of its budget on regional policy, what are the implications for the UK? In this video, Peter Egger (ETH Zurich) concludes that overall regional transfers across the EU give value for money. However, there is room for further improvement in the design of EU regional transfers to make them more effective. He argues UK regions have benefited from EU regional policy over the last decades and that there is uncertainty for those regions that benefit from substantial amounts of EU funding (e.g. Cornwall) over what would replace those funds after an eventual Brexit. This video was recorded in June 2016 during the “Economics of the UK-EU Relationship” workshop at Brunel University London.

Randolph Bruno 14 June 2016

European Union facilitates the inflows of Foreign Direct Investment into its members. In this video, Randolph Bruno (UCL) discusses the results of his research on how inflows of investment capital from foreign countries (FDI) into the EU Members has been on average 28 percentage points higher than non-EU members in the 1985 to 2013 period. He also argues that the UK is one of the countries for which the effect is higher than this average. This video was recorded in June 2016 during the “Economics of the UK-EU Relationship” workshop at Brunel University London.

Angus Armstrong 14 June 2016

How does the current UK financial infrastructure contrast with how such infrastructure might look like post Brexit? In this video, Angus Armstrong (NIESR) focuses on the role of financial services. He noted that the UK has a systemically large domestic banking system (different from e.g. Luxembourg) so regulation plays differently. He highlighted the issue of the of emergency liquidity assistance provision. Unusually, Eurozone infrastructure extents to the EEA, which allows the UK to be centre of Euro wholesale finance. This video was recorded in June 2016 during the “Economics of the UK-EU Relationship” workshop at Brunel University London.

Nicholas Crafts 14 June 2016

The impact of EU membership on British growth performance both past and future is somewhat controversial. In this video, Nicholas Crafts (Warwick) gives his assessment of the evidence. He suggests that the UK’s entry into the EU in the 1970s had strong positive effects in particular because it addressed issues of weak competition but that Brexit now would lower the income level through adverse effects on trade without addressing any of the 21st-century supply-side problems that hold UK growth back. This video was recorded in June 2016 during the “Economics of the UK-EU Relationship” workshop at Brunel University London.

Liesel Filgueiras 13 June 2016

Mining companies have high economic growth. In this video, Liesel Filgueiras discusses the responsibility of mining companies for the development of local municipalities. Most of the revenues go directly to federal governments, leaving little benefits to the industry for local communities. Cross-sector and local government partnerships need to de developed to ensure the investment of the revenues to build public policies. This video was recorded during the International Growth Centre’s annual conference held in London in June 2016.

Paul Stevens 08 June 2016

In 2014, after more than a decade of a booming oil market, oil prices collapsed. In this video, Paul Stevens discusses the effects of the super cycle for oil-exporting countries. The higher oil prices destroyed demand, leading to over-supply and a fall in prices. As a consequence, oil-exporting countries had difficulties in meeting budget expenditures and needed to diversify their economies. This video was shot during the International Growth Centre’s annual conference held in London in June 2016.

Bruce Hansen 03 June 2016

If an economist selects the wrong model to study a question, the results are also likely to be wrong. In this video, Bruce Hansen talks to Soumaya Keynes about how model selection and combination can be used for forecasting with small error. Model combination methods are suited for forecasting and policy evaluation. This video was recorded in March 2016 during the Royal Economic Society’s Annual Conference held at the University of Sussex.