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Monitoring International Trade Policy: A New Agenda for Reviving the Doha Round
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In order to understand whether the Doha Round can be salvaged, we need to understand why it has reached its present impasse. The latest Report from the Kiel Institute and CEPR analyzes the factors which have led to longer and longer Rounds and now to the Doha impasse.
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Read the Press Release
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The First Global Financial Crisis of the 21st Century
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A new CEPR book brings together a collection of articles from VoxEU.org to analyse the ongoing turmoil in global financial markets: why it happened, how it developed and what can be done.
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Download Book
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Multilateralising Regionalism
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A new report by CEPR Policy Director Richard Baldwin and Phil Thornton calls for a WTO Action Plan on regionalism to steer the world back towards the multilateralist ideal that has guided the world trade system since 1947
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Read the Report
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Transparency and Governance
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The latest Monitoring the European Central Bank Report argues that the ECB has a serious credibility and communication problem: the way the Governing Council makes its interest rate decisions remains clouded. The Report calls for a set of straightforward reforms to the ECB's procedures and governance that would lead to greater transparency and significantly improve the effectiveness of monetary policy in the euro area.
Read the Press Release
Read the Report
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International Financial Stability
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The ninth CEPR/ICMB Geneva Report on the World Economy, launched in London 12 November, examines the main threats to international financial stability, focusing on the implications of the major changes that have occurred in the global financial system in the past two decades.
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The Happy Few: The Internationalisation of European Firms
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The 2007 report from the joint Bruegel/CEPR research network European Firms and International Markets (EFIM) is the first systematic, cross-country, firm-level research of the features of European firms that compete in international markets. The heated discussion about winners and losers in a globalised world economy has long been framed as a sectoral battle, but increasingly both winners and losers can be found within the same sector. By analysing firm-level data this report reveals new facts that are essential to future policy-making to foster competitiveness and for the ongoing process of trade liberalisation. Read the report
Read the report
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Economic Policy Issue 49
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The latest issue of Economic Policy features papers looking at the effects of decentralization of fiscal
policy on FDI; capital deepening and wage differentials in Germany vs the US; methods for valuing ecosystems;
and the relationship between the age, seniority and experience of a workforce and labour costs.
Economic Policy 49
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Report Argues for Mandatory Participation in a Small Number of Pension Funds
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Pension funds are becoming the largest institutional investors in global financial markets.
However, pension funds operate in an environment characterised by a number of serious
market imperfections. In the eighth CEPR\ICMB Geneva Report on the
World Economy Report 'Dealing With the New Giants: Rethinking the Role of Pension Funds'
the authors take a stance on a number of controversial issues concerning the future of
pension funds.
Read the Press Release
Read the Report
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Britain, Denmark and Sweden Would Gain Little Trade from Joining the Euro
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In a new CEPR Report titled 'In or Out: Does it Matter? - An Evidence-based Analysis of
the Trade Effects of the Euro', Richard Baldwin makes a penetrating analysis of how
European Monetary Union has affected the volume of trade for euro area countries and
the rest of the EU. Baldwin argues that the implications for potential joiners are
straightforward, but perhaps unexpected.
Read the Press Release
Read the Report
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A Dynamic Approach to Europe's Unemployment Problem
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In a new CEPR Policy Paper, Simon Burgess and Patrick Garrett examine the problem of
unemployment and low job participation in the European Union. They report on the
findings of a large international study of the issue: 'A Dynamic Approach to Europe's
Unemployment Problem'. The study makes a number of policy recommendations including
conditional benefits and subsidies, which encourage more efficient search methods and
can lower the rate of unemployment.
Read the Report
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A Dynamic Approach to Europe's Unemployment Problem
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In a new CEPR Policy Paper, Simon Burgess and Patrick Garrett examine the problem of
unemployment and low job participation in the European Union. They report on the
findings of a large international study of the issue: 'A Dynamic Approach to Europe's
Unemployment Problem'. The study makes a number of policy recommendations including
conditional benefits and subsidies, which encourage more efficient search methods and
can lower the rate of unemployment.
Read the Report
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EU Banking Sector Integration Falls Short of Expectations
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A new CEPR/FBBVA Report 'Integration of European Banking - The Way Forward' examines
the changes that have taken place in banking in the European Union over the last
few years. The authors note that perhaps the most significant development that has
taken place in this sector has been the launch of the Financial Services Action
Plan (FSAP). They find that the increase in competition brought about by the
introduction of the euro and more recent deregulation measures has been relatively small.
Read the Press Release
Read the Report
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New research reveals economic and social benefits of mobile communications in Africa
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A joint CEPR/Vodafone report shows that Africa has seen faster growth in mobile telephone subscriptions than any other region of the world over the last five years. The report also highlights the consequent economic and social benefits in terms of per capital growth, FDI and life satisfaction.
Read the Report
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The Future of Stock Exchanges in European Union Accession Countries
With the EU accession process now going through the final stages and full EU membership set to become a reality in a year's time, a new CEPR Report comissioned by the Corporation of London and written by Stijn Claessens, Ruben Lee and Josef Zechner offers a series of insights into the impact this event will have on regional capital markets.
The Future of Stock Exchanges in European Union Accession Countries
Bank of England Gets Top Marks for Best Inflation Report
How Do Central Banks Write? by Andrea Fracasso, Hans Genberg and Charles Wyplosz evaluates the Inflation Reports of 19 inflation targeting central banks to find what a good Inflation Report should contain. The authors ask what information an Inflation Report should contain and how they should be structured to achieve clear communication of monetary policy strategy. The study finds that the Bank of England published the best overall Inflation Report.
Read the Press Release
Geneva Reports on the World Economy Special Report 2
Accession Countries Face Greater Volatility in ERM-II
As the ten accession countries prepare for the next phase of entry into the EU, most are expected to join the Exchange Rate Mechanism (ERM-II), before joining the euro. Building on the lessons learned from past financial crises, CEPR Policy Paper 10 makes a number of recommendations for accession countries as they negotiate the tricky path to monetary union.
Read the Press Release
Accession Countries Face Greater Volatility in ERM-II
Monitoring European Integration (MEI) 12 "Built to Last: A Political Architecture for Europe"
New from CEPR, 26 February 2003
This twelfth Report in CEPR's Monitoring European Integration (MEI) series tackles an extremely central concern that is, at this moment, being passionately debated within the European Constitutional Convention: what is an appropriate political architecture for Europe, and how should responsibilities be allocated between the member states and the EU's supranational bodies?
The authors suggest that European economic integration has preceded the construction of the necessary political substructure, with the implication that further economic progress risks being hampered unless reforms are made. Such reforms might affect both the form of EU governmental institutions, as well as the allocation of responsibilities between the EU bodies and the member states, in areas such as stabilization, competition and trade policy; taxation; supervision and regulation of financial markets; internal and external security; and foreign policy. The great contribution of this Report is to provide a straightforward, analytical framework for evaluating the options for reform, taking into account both political considerations and the relevant economic theory.
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(MEI) 12 "Built to Last: A Political Architecture for Europe"
ECB too slow to react
New from CEPR, 05 December 2002
An update of the fourth MECB Report published by the same authors in Spring 2002 argues that the ECB takes too long to respond to changes in the economic environment. It also highlights the difficulties of communicating monetary policy decisions using the first pillar, and the need to rethink the Stability and Growth Pact.
Read the Press Release
MECB4 Update
Economics of Rising Inequalities
The first in a new series of CEPR Conference Volumes published jointly with Oxford University Press,
The Economics of Rising Inequalities is an in-depth discussion of rising inequalities in the western world. It explores the extent to which rising inequalities are the consequence of changes in economic fundamentals (such as changes in technological or demographic parameters), and to what extent they are the consequences of changes in institutions.
CEPR Policy Paper No.9: Lessons from the Russian Meltdown: The Economics of Soft Legal Constraints
New from CEPR, 21 October 2002
A new Report by Enrico Perotti of University of Amsterdam and CEPR examines the Russian crisis of 1998 and suggests that important lessons may be learned from the crisis by some Eastern European countries aiming to join the EU.
Read the Press Release
CEPR Policy Paper 9
CEPR Policy Paper No.8: Making Sense of Globalization
New from CEPR, 8 July 2002
CEPR Policy Paper
No.8 Making Sense of Globalization: examines which aspects of the current wave of globalization are old and which are new and the effects of these on poverty and inequality in the world. Featuring a foreword by Romano Prodi, President of the European Commission, it also analyses how various institutions, including corporations, national governments and the many institutions of civil society, have responded or potentially could respond to these developments.
Read the Press Release.
European Economic Perspectives 30
New from CEPR, 8 July 2002
browse each
individual article...
Who's Afraid of the Big Enlargement? - The initial enthusiasm for a 'return to Europe' has turned to anxiety about the potential consequences of enlarging the European Union.
For Richer or for Poorer - A new report separating truth and fiction in the different aspects of the ongoing process of international integration.
As good as Greenspan - Critics argued that because the ECB was overly concerned with maintaining price stability. Does such criticism stand up to scrutiny?
CEPR Policy Paper No.7: 'Who's Afraid of the Big Enlargement?'
New from CEPR, 14 June 2002
CEPR Policy Paper
No.7 ‘Who’s Afraid of the Big Enlargement?’: analyses the economic and social implications of the prospective enlargement of the European Union (EU) to take in the Central and East European countries (CEECs). The initial enthusiasm for their 'return to Europe' has turned to anxiety about the potential consequences. Many citizens of the current EU-15 are concerned that accession of countries with much lower per capita incomes will affect them adversely. Rather than legitimising the fears, politicians and policy-makers must dispel them by leading the EU and its members to adopt appropriate measures. Read the Press Release.
NEW series published with Oxford University Press:
New Research in Financial Markets and
New Research in Corporate Finance and Banking,
both edited by Bruno Biais and Marco Pagano, are the first titles in a new series published for
CEPR by one of the world’s leading publishing houses, OUP. These volumes are selections of some
of the best papers published by CEPR - papers that have had a real impact on the economics community
and that have become ‘classic works’ in their field.
Multinational Corporations and Global Production
Networks: The Implications for Trade Policy
New from CEPR, 8 March 2002
Multinational Corporations and Global Production
Networks: The Implications for Trade Policy by Giorgio Barba Navaretti, Jan I Haaland and
Anthony Venables. This study on the role of MNEs in the EU, and the implications for the design
of trade policies, has been funded by and prepared for the EC Directorate General for Trade, and
is published FREE online by CEPR.
Economic Policy, Issue 36
The NEW issue features articles on regulation and growth, corporate equity, auctions and the policy implications of human cloning.
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