David C. Webb

About

Professor of Finance, and Former Pro-Director Planning and Resources and CFO at the London School of Economics and Political Science, my work focuses on Corporate and Government Finance, Investment, Pensions and Corporate Insolvency.  

Research

• Fiscal Dominance in the Modern Era: Revisiting Sargent and Wallace in Light of UK Macroeconomic History

• Ramsey Pricing in Debt Markets: Interest Rate Equalisation and the Social Cost of Financial Distress, David DeMeza and David Webb

• Endogenous Growth and the Paradox of Thrift: A Modern Recasting of Sayís Law

• Institutional Quality and the Breakdown of Endogenous Growth

• Strategic Misreporting and Investment Distortions: How Agency Costs Shape Project Selection and Timing

• Internal versus External Liquidity: Investment Efficiency under Market Frictions

• Fiscal Policy and Redistribution: How Government Debt Design Generates Real Effects Without Nominal Rigidities

• False diagnoses: pitfalls of testing for asymmetric information in insurance markets