RES Newsletter January 2016

Issue no. 172

Correspondence

Letter from France - Unintended Consequences
In his latest letter, Alan Kirman reflects on a difficult year for France and at the disturbing perception of ‘immigrants’ that has emerged from it.


Features

Assessing the legacy of the London 2012 Olympic Games
In August this year the 31st Olympiad will open in Rio de Janeiro. More than usually, these preparations have been accompanied by doubts about the Rio authorities’ ability to meet the complex requirements and spiralling costs of the event and whether it’s in their interests to do so. In this article Allan Brimicombe describes the difficulties involved in evaluating the benefits of hosting major international events of this kind.

RES’s ‘American Correspondent’ receives Nobel honour.
We were delighted to hear last October, that Angus Deaton, who writes our regular ‘Letters from America, had been awarded the Swedish Central Bank Prize in Memory of Alfred Nobel. This article, based on a blog by David Warsh, records our congratulations and our gratitude to Angus for his entertaining efforts over many years.

The RES Annual Public Lecture — Does Starbucks Pay Enough Tax?
Contrary to popular belief, there is relatively little evidence that the UK or US lose substantial amounts of tax revenue due to firms' avoidance activities. This is surprising because it seems that there are ample opportunities for them to do so. Professor Griffith discussed why that might be the case, and some of challenges that governments face in effectively taxing firm profits.

The Monetary and Financial Policy Conference 2015
The Money, Macro, Finance Research Group have established a new annual conference to engage constructively with policy developments at the Bank of England. Chair Jagjit Chadha (Kent) and Secretary Richard Barwell (BNP Paribas Investment Partners) report on the conference attended by macroeconomists from academe, the City, policy-making institutes and the main consultancies and hosted by Bloomberg.

A UK Housing Evidence Centre
Understanding the UK housing market, and all the problems associated with it, is important for a wide variety of reasons. This is why the Economic and Social Research Council has made housing one of its priorities and, in particular, has decided to help set up a UK Housing Evidence Centre to act as a knowledge hub for housing research. The purpose of this article, by Stephen Millard, is to promote this Evidence Centre to members of the Royal Economic Society. Further information can be found on the ESRC's housing landing page.

Econometrics Journal — Editor’s annual report
The managing editor, Richard J Smith, made the annual report covering the period July 1 2014 to June 30 2015, to the Council of the Royal Economic Society in November. This is an edited version of that report.

Economic Journal — Editors’ Annual Report
The editors of the Economic Journal made their annual report covering the period July 1 2014 to June 30 2015, to the Council of the Royal Economic Society in November. This is an edited version of that report.


Obituaries

Suzanne de Brunhoff

Kazimierz Laski

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