In the recent UK Chancellor’s Spring Statement, the Chancellor Rachel Reeves set out the UK budget and spending plans. In the Treasury press release the research of Paolo Surico, Professor of Economics at London Business School (LBS) was featured prominently, particularly his paper The Long-Run Effects of Government Spending (American Economic Review, with Juan Antolin-Diaz, PhD candidate at LBS).
Chris Coghlan, LBS MIF 2012 and member of UK Parliament for Dorking and Horley, has worked closely with Paolo Surico and the Chancellor and has also highlighted the importance of the research in a debate that followed the statement at the House of Commons.
The Wheeler Institute is delighted to see such a distinguished recognition of Paolo Surico’ s work on using public research and development, particularly defence spending, to boost economic growth, research that is now the basis of the government’s economic policy for raising economic growth with R&D focused defence spending. We are also proud to see the impactful collaboration between Academics, Politicians and Policy Makers, exemplified by Paolo Surico and Chris Coghlan.
To learn more about the Spring Statement and how it featured the research of Paolo Surico, read the LBS News. You can also watch a recent LBS video by Paolo Surico on ‘How does the defence budget fuel technological advancement and productivity?’
Paolo Surico is a member of the Wheeler Institute Call for Proposals Faculty Committee and the Wheeler Institute is proud of the long-term collaboration and support of Paolo Surico’s work in multiple initiatives and research projects, from the highly attended Pandemic Lectures, delivered in team with Andrea Galeotti, Professor of Economics at LBS, to a wide range of supported research projects, which you can learn more about in the Wheeler Institute Research Portal.
We are also delighted to organise an event with Chris Coghlan and Paolo Surico at London Business School in the upcoming Thursday, May 1, 2025. Please follow our website and blog for further updates.
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Paolo Surico is Professor of Economics at London Business School, fellow of the Centre for Economic Policy Research, research associate at the London School of Economics Centre for Macroeconomics and research consultant to several international policy institutions and central banks, such as the Bank of England and the Financial Conduct Authority, and previously at the IMF and the European Central Bank. Before joining London Business School in 2009, he was Advisor of the External Member of the Monetary Policy Committee of the Bank of England.
Paolo Surico’s expertise lays at the intersection of macroeconomics and finance with particular emphasis on monetary and fiscal policy, housing and mortgage markets. His recent work focuses on assessing the aggregate effects and distributional impact of conventional and unconventional monetary policies as well as tax reforms and government spending, giving particular emphasis to the role played by household and corporate debt in the transmission mechanism of macroeconomic policies and shocks.
Chris Coghlan, LBS alum MIF 2012, is an elected UK Parliament for Dorking and Horley and founder of the Grow Movement, a non-profit providing business skills training to micro-entrepreneurs in developing countries such as Uganda, Ghana, Malawi and Rwanda. Throughout his career, Chris worked at the intersection of business and international politics, from being an officer in the army reserve, an election observer for the EU in Ukraine and DR Congo and accountant and investment manager for an emerging markets hedge fund.
The Grow Movement is the subject of a three-year randomised control trial of 1,000 micro-entrepreneurs in Uganda by London Business School, Stanford Business School and Chicago Booth. Since 2009, the charity has improved the lives of more than 50,000 people in the poorest communities on earth. In recognition of this, Chris was awarded the LBS Gold 2018 Graduate of the Last Decade Award. His long-term collaboration with the Wheeler Institute and LBS has allowed Chris to further engage with social, economic and environmental causes and has inspired our students to pursuit impact driven careers.