Lord Stern is President of the British Academy and the I.G. Patel Professor of Economics and Government at the London School of Economics, where he is also head of the India Observatory within the LSE's Asia Research Centre, and Chairman of the Grantham Research Institute on Climate Change and the Environment. Previously, having held academic posts at the Universities of Oxford and Warwick, he was then Chief Economist for the European Bank for Reconstruction and Development and subsequently Chief Economist and Senior VP of the World Bank. In 2005, he was appointed by the UK government to conduct the influential Stern Review, which analyzed the economic costs of climate change. Lord Stern's research focuses on the economics of climate change, economic development and growth, economic theory, tax reform, public policy and the role of the state and economies in transition.