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This Week's Discussion Papers
CEPR published 9 Discussion Papers this week.


Martin Feldstein 2008

Martin Feldstein
Martin Feldstein recently stood down as President of the National Bureau of Economic Research, after 30 years of exceptional leadership. A dinner celebrating his accomplishments with the Bureau was held in Cambridge, MA, on 24 July. Richard Portes, President of CEPR, prepared for presentation at the dinner the attached remarks on the international impact of NBER in the Feldstein era.
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EuroCOIN™

Slight decline in July €-coin
In July €-coin fell to 0.34% from 0.41% recorded in June. This fall comes after three months of increases and signals a weakening of trend growth in the euro area.
LinkMore on EuroCOIN™
LinkRead the Press Release


Peg the Export Price
In CEPR Policy Insight No. 25, Jeffrey Frankel discusses the merits of a peg to the export price for countries specialized in the production of a mineral or agricultural commodity.
LinkRead more


P188

Monitoring International Trade Policy: A New Agenda for Reviving the Doha Round
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.
LinkRead the Report
LinkRead the Press Release


The First Global Financial Crisis of the 21st Century
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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LinkDownload Book


VoxEU.org is one year old
Vox was launched one year ago. Over 550 economists have written 440 columns for Vox in its first year, including some of the profession’s academic greats. Vox readership has tripled since August 2007. Currently, Vox receives over 10,000 unique visitors a day from almost a half million distinct IP addresses. The average number of page views is about 35,000 per day (or 7.3 million in total). Vox celebrates its first birthday with a series of great columns on monetary policy and on international trade; and new features, including audio interviews with Vox authors, a conference and workshop listings service, and a weekly newsletter.
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Winters appointed Chief Economist at DFID
L Alan Winters, a Research Fellow and Co-Director of the CEPR International Trade Programme from 1987 to 1994, has been appointed Chief Economist at the UK Department for International Development.
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Politics, Economics and Global Governance: The European Dimensions
is a collaborative project, funded by the European Commission's 7th Framework Programme for research. The project website is currently under construction.
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"SCIFI-GLOW - SCience, Innovation, FIrms and markets in a GLObalized World" - new project launched in June 2008
SCIFI-GLOW is a collaborative project, funded by the European Commission's 7th Framework Programme for research. The project website is currently under construction.
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The Competitiveness of European Firms in the Euro Age (EFIM2008)
Gianmarco I.P. Ottaviano, University of Bologna for Bruegel, and Thierry Mayer, University of Paris I for CEPR, coordinate EFIM. The key question this projects aims at resolving is Does the Euro make European firms fitter for global competition?.
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Diego Puga

CEPR Programme Director awarded 2008 Fundación Banco Herrero Prize
Diego Puga, co-director of CEPR's International Trade and Regional Economics Programme, has been awarded the 2008 Fundación Banco Herrero Prize. The Prize is given annually to a young Spanish researcher (resident in Spain or abroad) under the age of 40 for his or her outstanding contributions to the fields of economics, business or social sciences.
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Can Central Banks Go Broke?
In CEPR Policy Insight No.24, Willem Buiter asks: Does it matter if a central bank suffers a large capital loss? Can the central bank become insolvent? How and by whom should the central bank be recapitalised, should its capital be deemed insufficient?
LinkCEPR Policy Insight No.24
LinkCEPR Policy Insights


Keynes and the Crisis
In CEPR Policy Insight No. 23, Axel Leijonhufvud asks not what we have learnt, but what we should have learnt from Keynes in light of the current financial turmoil.
LinkCEPR Policy Insight No.23
LinkCEPR Policy Insights


Avoiding Disorderly Deleveraging
A prolonged situation of financial distress, which has now lasted for almost a year, is debilitating the financial system. In CEPR Policy Insight 22, Luigi Spaventa examines possible solutions to the immediate and urgent problems.
LinkCEPR Policy Insight No.22
LinkCEPR Policy Insights


Monetary Policy and the Financial Crisis of 2007-2008
In CEPR Policy Insight No. 21, Stephen Cecchetti provides an account of the financial crisis that began on 9 August 2007 and continued into 2008. It is the story of how the crisis came about and how the Federal Reserve worked to contain the damage.
LinkCEPR Policy Insight No.21
LinkCEPR Policy Insights


 

The CEPR/ESI 12th Annual Conference on 'The Evolving Financial System and the Transmission Mechanism of Monetary Policy'
The Annual Conference will take place on 25/26 September 2008 in Basel and will be co-organised with, and hosted by, the Bank for International Settlements. The topic of the 12th CEPR/ESI Annual Conference will be 'The Evolving Financial System and the Transmission Mechanism of Monetary Policy'
LinkFurther information


 

The Need for an Emergency Bank Debt Insurance Mechanism
In a new CEPR Policy Insight, Javier Suarez proposes the creation of an Emergency Bank Debt Insurance Mechanism (EBDIM) as an alternative to the massive lending of last resort (LLR) operations undertaken by central banks since the start of the subprime crisis.
LinkCEPR Policy Insight No. 19
LinkCEPR Policy Insights


Multilateralising Regionalism
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.
LinkRead the Press Release
LinkRead the Report


Transparency and Governance
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.
LinkRead the Press Release
LinkRead the Report


Enrico Moretti

CEPR Research Fellow awarded Carlo Alberto Medal
CEPR Research Fellow Enrico Moretti has been awarded the 2008 Carlo Alberto Medal. The medal is awarded to an outstanding Italian economist under 40.
LinkMore Information


 

Lessons from the 2007 Financial Crisis
What caused the current North Atlantic financial crisis, how can it be fixed and how can the likelihood of future crises be reduced? CEPR Policy Insight No. 18 addresses these issues at length.
LinkCEPR Policy Insight No. 18
LinkCEPR Policy Insights


 

Introducing a Global Database on Migrant Stocks
Migration matters and will matter more as the lopsidedness of the world age-profile works its way through into labour and product markets. Surprisingly, there has been no global dataset on migration stocks until now. CEPR Policy Insight No. 17 introduces a new database maintained at the University of Sussex.
LinkCEPR Policy Insight No. 17
LinkCEPR Policy Insights


Seppo Honkapohja

Seppo Honkapohja appointed to the Bank of Finland's Board
CEPR Research Fellow Seppo Honkapohja has been appointed as a Member of the Board of the Bank of Finland from January 2008.
Link More information


International Financial Stability

International Financial Stability
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.
Link Read the Press Release
Link Read the report


 

Europe's superstar firms
In a new CEPR Policy Insight, Researchers Thierry Mayer and Gianmarco I.P. Ottaviano reveal new facts that are essential for future policy-making to foster competitiveness among European firms in the international market and for the ongoing process of trade liberalisation.
LinkRead Policy Insight
LinkPolicy Insights


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