New student research featured on Warwick-Monash Portal

Daisy is a CIB Graduate Analyst at Wells Fargo. Her paper is titled: “How does the level of market liquidity impact the prevalence of herding in European equity markets?”

Cian is currently working as a Financial Analyst at Zero, and his paper is titled: “Fiscal Policy and Political Ideology: Did Austerity Reshape Britain's Political Landscape?”

Cian commented about receiving this recognition:

"I am honoured to have my dissertation published as part of the WM-ESP series and to receive recognition for my work from one of the world's leading economics departments."

"My paper explores the potential links between contractionary fiscal policy in the form of austerity-induced welfare cuts and the rise of right-wing ideology, a timely and relevant topic in the current global economic and political climate. I look to assess if areas more exposed to austerity cuts in the 2010 Conservative Budget saw voting habits shift towards the right of the political spectrum. Combining sociological and economic theory with a robust econometric specification, I hope to expand the debate around the often-overlooked consequences of fiscal policy and its implications at the society-wide level."

"I am also incredibly grateful for the help and invaluable guidance of my supervisor, Dr Samuel Obeng. Without his unwavering commitment and genuine interest in my work, this project would not have been possible."

Jacob is now studying MSc Econometrics and Mathematical Economics at LSE. His paper is: “How Does Emissions-Charging Influence House Prices? Evidence From London's ULEZ”

Jacob commented:

“I was extremely happy to hear that my paper was going to be published on WMESP! My work explores the effect of London's Ultra-Low Emissions Zone (ULEZ), an emissions-charge, on the prices of houses in the city - I found that the charge actually causes a drop in prices of around 3-4%. My interpretation of this is that Londoners prefer the freedom of being able to drive over the more tangible benefits of cleaner air and less congestion. I'm grateful to the editors for selecting my paper, especially given how good everyone else's dissertations were - even just in my small seminar group. I'm also very grateful to everyone who gave me helpful comments over the year, especially my supervisor, Dr Subhasish Dey, for all his hard work!”

William, who is an Actuarial Analyst at WTW, looked at: “Immigration and Generalised Trust: Evidence from the European Refugee Crisis in Germany”

William said:

“I am truly honoured and grateful that my undergraduate dissertation has been selected for publication on the WM-ESP series. This was an extremely rewarding research project since it allowed me to apply three years of economic and econometric theory to a topic which personally interested me, whilst receiving invaluable support from my supervisor, Dr Neil Lloyd.

“My dissertation explored whether immigration affects generalised (interpersonal) trust, exploiting the European Refugee Crisis in Germany as a quasi-natural experiment with a Difference-in-Differences approach. This is a contemporaneously relevant question given how prominent immigration is as a topic area in political debates worldwide. By finding no evidence of a causal effect it suggests that, when evaluating the impact of immigration, policymakers should not focus on generalised trust (a key long-run driver of economic development) but rather other socio-economic outcomes.”