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Prof Stephen Nickell
CBE, FBA
Job Title : Honorary Fellow
Nuffield College
New Road
Oxford, OX1 1NF
United Kingdom

 

Biographical Sketch

 
Stephen Nickell is currently Honorary Fellow of Nuffield College, Oxford having been the Warden of the College from 2006 to 2012.  He is also a member of the UK Budget Responsibility Committee.  Previously he has held Economics Professorships at both LSE (London School of Economics) and Oxford and was President of the Royal Economic Society from 2000 to 2003.  He was a member of the Bank of England Monetary Policy Committee from 2000 to 2006. He is a Fellow of both the Econometric Society and the British Academy as well as being a foreign honorary member of the American Economic Association and the American Academy of Arts and Sciences.

Research Interests

Labour economics, macroeconomics, wages, employment, productivity, corporate performance, monetary policy.​

Recent Papers


"Immigration in the UK​​" - Joint paper with Jumana Saleheen (Bank of England) - January 2010

"The Impact of Immigration on Occupational Wages: Evidence from Britain" - Joint paper with Jumana Saleheen (Bank of England) - SERC Discussion Paper - October, 2009. 

"The British Housing Market: What has been happening?" - In The Oxonomics Society Journal - July, 2009. 


"Does Relative Income Matter? Are the Critics Right? - Joint paper with Richard Layard & Guy Mayraz - CEP Discussion Paper - March, 2009.

"The UK Housing Market: Measured Decline or Total Collapse?"
Presentation to Stated Meeting Seminar, Nuffield College, March, 2009. (Powerpoint slides)

"Market Housing-Issues Problems & Solutions" 
Presentation to Cabinet Office May, 2008. (Powerpoint slides

"Is the U.S. Labour Market Really that Exceptional?" - February, 2008. In Journal of Economic Literature, June, 2008.


"The Marginal Utility of Income" - 16 September, 2006. In Journal of Public Economics, August, 2008.

"Are Europeans Lazy? Or Americans Crazy?" - Remarks delivered at the Annual Conference of the Fondazione Rodolfo DeBenedetti at Portovenere, La Spezia on 27 May, 2006 (this makes reference to the ‘Patterns of Work across the OECD’ paper below).  

"Patterns of Work Across the OECD" - Joint paper by Guilia Faggio* and Stephen Nickell 27 May, 2006. *Centre for Economic Performance, London School of Economics. In Economic Journal (Features), June, 2007.

"The UK Current Account Deficit and All That" - 25 April, 2006. Bank of England Quarterly Bulletin, Summer, 2006.

"The Budget of 1981 Was Over the Top​" - Speech delivered at an Institute of Economic Affairs panel discussion in London on 16 March, 2006. In P. Booth (ed.), Were 364 Economists All Wrong? (London, IEA), 2006.

"Monetary Policy, Demand and Inflation" - A shortened version of this speech was given at a private lunch in London for contacts of the Bank of England’s South East and East Anglia Agency on 31 January, 2006. Bank of England Quarterly Bulletin, Spring, 2006.

Comments on a paper by Rachel Griffith and Rupert Harrison “The Link between Product Market Reforms ​and Macro-Economic Performance​​” At the European Commission Workshop on Structural Reforms and Macroeconomic Performance in Brussels on 18 November, 2005. 

Accompanying Powerpoint slides

"Practical Issues in UK Monetary Policy, 2000-2005" - Speech at the British Academy Keynes Lecture in London 20 September, 2005. 

Comments on a paper by Romain Duval and Jorgen Elmeskov “The Effects of EMU on Structural Reforms in Labour and Product Markets” At a conference held at the European Central Bank, Frankfurt 16-17 June, 2005. 

"How Much Spare Capacity is there in the UK Economy?" - 31 May, 2005. Bank of England Quarterly Bulletin, Summer, 2005.

"Why Is Inflation So Low?" - Members of the Monetary Policy Committee and Professor at the London School of Economics 27 January, 2005. Bank of England Quarterly Bulletin, Spring, 2005.

"Household Debt, House Prices and Consumption Growth" - Member of the Monetary Policy Committee and Professor at the London School of Economics, at Bloomberg in London on 14 September, 2004. Bank of England Quarterly Bulletin, Autumn, 2004.

"A Picture of European Unemployment: Success and Failure" - Member of the Monetary Policy Committee and Professor at the London School of Economics, at the OECD, Paris on 26 March, 2004. (Speech is an updated version of that previously given in Munich in December, 2002). In M. Werding (ed.), Structural Unemployment in Western Europe, (MIT Press), 2006.

"Two Current Monetary Policy Issues" - Member of the Monetary Policy Committee and Professor at the London School of Economics, at a Market News International Seminar on 16 September, 2003. Bank of England Quarterly Bulletin, Winter, 2003.

"Employment and Taxes" - Member of the Monetary Policy Committee and Professor at the London School of Economics, at the Centre for Economic Studies, Institute for Economic Research Conference in Venice on 21 July, 2003. 

"Poverty and Worklessness in Britain" - Member of the Monetary Policy Committee and Professor at the London School of Economics, at the Royal Economic Society Conference at Warwick University. Economic Journal, 114, March (Conference Papers), 2004.

"House Prices, Household Debt and Monetary Policy" - At a private dinner for Glasgow Agency contacts on Wednesday 11 December, 2002. Bank of England Quarterly Bulletin, Spring, 2003.

"Monetary Policy Issues: Past, Present, Future” - At a lunch organised by Business Link and the Coventry and Warwickshire Chamber of Commerce, Leamington Spa on 19 June, 2002. Bank of England Quarterly Bulletin, Autumn, 2002.

"Has UK Labour Market Performance Changed?" - At the Society of Business Economicsts, 16 May, 2001. Bank of England Quarterly Bulletin, Autumn, 2001.

"The Beveridge Curve, Unemployment and Wages in the OECD from the 1960s to the 1990s" - At a Conference at the Bank of Portugal, 3 June, 2001. In P. Aghion, R. Frydman, J. Stiglitz and M. Woodford (eds.), Knowledge, Information and Expectations in Modern Macroeconomics:  In Honor of Edmund Phelps, (Princeton University Press), 2003.

"The Recent Performance of the UK Labour Market" - To the economics section of the British Association for the Advancement of Science, 4 September, 2001 – co authored by Glenda Quintini. Oxford Review of Economic Policy, Summer, 2002.

"Some Problems Facing the MPC​" - To the Wessex Institute of Directors, 10 October, 2000.​

PowerPoint Presentations

UKHousingMarket.pptThe UK Housing Market: Measured Decline or Total Collapse? 
Presentation to Stated Meeting Seminar, Nuffield College, March, 2009

MarketHousing-CabinetOfficeMay08.pptMarket Housing-Issues Problems & Solutions 
 Presentation to Cabinet Office May, 2008

SJNeurocommission051118Slides.pptComments on “The Link between Product Market Reforms and Macro-Economic Performance” 
European Commission Workshop on Structural Reforms and Macroeconomic Performance, Brussels, 18 November, 2005

TooManypowerpoint.ppsxToo Many People in Britain? Accompanying Slides
LSE Lecture June 2011​

Prospect Magazine Columns

Economics Working Papers

 
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