Economic Policy


Latest additions to the site

Let's Make a Deal: How to Bring the Doha Trade Talks to a Close

"Foreign Affairs"

A US op-ed arguing for a rapid conclusion to the Doha Round to assist recovery from the global recession

Globalisation & International Trade , Economic Policy Posted: 2010-09-05

Our Consensus Future: The Lay of the Land in 2025

Lowy Institute

An Australian paper discussing where the world economy is likely to head over the next couple of decades

Economic Policy , Globalisation & International Trade Posted: 2010-09-03

Endgame for the Euro?

Levy Economics Institute

This 17-page US policy brief argues that major restructuring is vital to the continuation of the Eurozone

European Union , Economic Policy Posted: 2010-09-02

How Has Financial Deepening Affected Poverty Reduction in India? Empirical Analysis Using State-Level Panel Data 

IDE

This 38-page Japanese discussion paper examines empirically whether financial deepening has contributed to poverty reduction in India

Poverty & Hunger , Economic Policy Posted: 2010-08-31

The Economic Consequences of "Brain Drain" of the Best and Brightest: Microeconomic Evidence from Five Countries

IZA

This 45-page discussion paper presents the results of surveys which tracked academic high-achievers from five countries to wherever they moved in the world in order to directly measure at the micro level the channels through which high-skilled emigration affects the sending country

Immigration & Refugees , Economic Policy Posted: 2010-08-30

The Future of the Euro

CFR

A US article considering the Euro's future

European Union , Economic Policy Posted: 2010-08-23

Alternatives to Fiscal Austerity in Spain

CEPR

This 21-page US report shows that Spain, under pressure to cut spending and raise taxes while its economy is barely recovering, might be better off with a continued stimulus

Economic Policy , European Union Posted: 2010-07-26

OECD Employment Outlook 2010

OECD

A 6-page summary of this report, which acknowledges that reducing unemployment and budgetary deficits at the same time is a sizeable challenge but argues that it must be met head on

Employment, Industrial Relations & Training , Economic Policy Posted: 2010-07-14

The Economic Outlook for the Euro Area in 2010 and 2011

European Forecasting Network

This 12-page report provides updated forecasts and analyses of the macroeconomic situation for the Euro area

Economic Policy , European Union Posted: 2010-07-14

Can Economic Reform Open a Peaceful Path to Ending Burma’s Isolation?

USIP

A 5-page US brief arguing that Burma’s economy could provide a viable entry point for effective international assistance to promote peace

Governance & Politics , Economic Policy Posted: 2010-07-12

Small Steps, Big Outcome: A Historical Institutional Analysis of Malaysia’s Political Economy

ARC

This 34-page Australian working paper analyzes Malaysia’s consociational political and economic arrangement

Governance & Politics , Economic Policy Posted: 2010-07-12

Not for Bad Weather: Flexicurity Challenged by the Crisis

ETUI

A 9-page policy brief discussing the effectiveness of flexicurity since the onset of the financial crisis

Employment, Industrial Relations & Training , Economic Policy Posted: 2010-07-01

Russian Economic Report 2010

World Bank

This 29-page report looks at Russia's economic progress and prospects

Economic Policy , Governance & Politics Posted: 2010-06-29

Deepening China-Taiwan Relations through the Economic Cooperation Framework Agreement

Peterson Institute

A 3-page US policy brief assessing the likely consequences of the Economic Cooperation Framework Agreement (ECFA) being negotiated between China and Taiwan

Economic Policy , Regional Posted: 2010-06-28

In Defense of Europe's Grand Bargain

Peterson Institute

An 11-page US policy brief examining the implications of the current European economic crisis

European Union , Economic Policy Posted: 2010-06-17

The Role of the International Monetary Fund and Federal Reserve in the Stabilization of Europe

Peterson Institute

This US testimony argues that the IMF's role in the Greek and European crises is consistent with its mission

European Union , Economic Policy Posted: 2010-06-17

Fiscal Responsibility: What Exactly Does It Mean?

Levy Economics Institute

This 19-page US working paper considers the concept of sustainable government debt and the role of deficits in the economy

Economic Policy , Governance & Politics Posted: 2010-06-16

Too Big to Fail in Financial Crisis: Motives, Countermeasures and Prospects

Levy Economics Institute

This 31-page US working paper argues that a better understanding of why too-big-to-fail policies have persisted will provide a stronger basis for developing effective reforms

Economic Policy , Governance & Politics Posted: 2010-06-16

Economic Crises, Currencies and Geopolitical Turning Points

IDSA

A 9-page Indian issue brief tracing how the serial financial crises have exposed deep fault lines in the international financial system, and have prompted a search for a better and more stable global financial structure

Economic Policy , Globalisation & International Trade Posted: 2010-06-14

Critical Connections: Islamic Politics and Political Economy in Indonesia and Malaysia

IDE

A 38-page Japanes discussion paper exploring Islamic politics in two Muslim-majority countries in Southeast Asia, Indonesia and Malaysia, by linking their trajectories, from late colonial emergence to recent upsurge, to broad concerns of political economy, including changing social bases, capitalist transformation, state policies, and economic crises

Governance & Politics , Economic Policy Posted: 2010-06-14

The State of Society: Measuring Economic Success and Human Well-Being

Urban Institute

This 94-page US study identifies 14 categories measuring national well-being that go beyond gross domestic product’s snapshot of how a society and its economy are faring. It proposes that new measures assess the well-being of all segments of society—women, children, the elderly, and racial and other minorities

Social Policy , Economic Policy Posted: 2010-06-04

Convergence Report May 2010

European Central Bank

This 150-page report assesses the economic and legal convergence of nine Member States of the European Union, Bulgaria, the Czech Republic, Estonia, Latvia, Lithuania, Hungary, Poland, Romania and Sweden

Economic Policy , European Union Posted: 2010-05-18

Euroland Put to the Test: Can European Monetary Union Still Be Saved?

FES

This German policy analysis examines the state of the European Monetary Union

European Union , Economic Policy Posted: 2010-05-18

The Evolving Post-crisis World

Lowy Institute

This Australian paper looks at future implications of the Global Financial Crisis for Asia

Economic Policy , Regional Posted: 2010-05-17

The Great Recession of 2008-2009: Causes, Consequences and Policy Responses

IZA

Through an in-depth review of the global financial crisis in terms of the causes, consequences and policy responses, this paper identifies four key messages

Economic Policy Posted: 2010-05-17

Euro Rescue Raises Hopes and Questions

CFR

A US analysis brief on the soverwign debt crisis within the Eurozone

European Union , Economic Policy Posted: 2010-05-16

The Global Economic Crisis: Impact on Sub-Saharan Africa and Global Policy Responses

CRS

This 30-page US report analyzes Africa’s vulnerability to the global crisis and potential implications for economic growth, poverty alleviation, fiscal balances, and political stability. The report describeschannels through which the crisis is affecting Africa, and provides information on international efforts to address the impact, including U.S. policies and those of multilateral institutions in which the United States plays a major role

International Development , Economic Policy Posted: 2010-05-05

Capital Controls and Monetary Policy in Developing Countries

CEPR

This US paper looks at both the theoretical and empirical literature on capital controls and finds that capital controls can play an important role in developing countries by helping to insulate them from some of the harmful effects of volatile and short-term capital flows

International Development , Economic Policy Posted: 2010-05-04

Did Government Stimulus Fuel Economic Growth in Canada? An Analysis of Statistics Canada Data

Fraser Institute

An analysis claiming to show that government stimulus spending did not have a material impact on Canada’s economic recovery. The evidence supports recent academic studies that show that stimulus initiatives that rely on government spending fail to increase economic growth

Economic Policy Posted: 2010-05-04

A Concise History of Exchange Rate Regimes In Latin America

CEPR

This US paper analyzes the exchange rate experience of the major Latin American countries including Argentina, Brazil, Mexico, Colombia, Chile, Peru and others in the post-World-War period, up to the crisis caused by the collapse of the U.S. housing bubble

Economic Policy , Regional Posted: 2010-05-01

The Greek Fiscal Adjustment Programme: An Evaluation

CEPS

This 3-page commentary argues that the growth hoped for on the part of the Greek government for recovery will not be achieved. The necessary fiscal adjustment to bring Greek pubic finances into a viable situation is due to be more difficult than initially announced

Governance & Politics , Economic Policy Posted: 2010-04-27

Global Imbalances, the U.S. Dollar, and How the Crisis at the Core of Global Finance Spread to “Self-insuring” Emerging Market Economies

Levy Economics Institute

This US working paper investigates the spread of what started as a crisis at the core of the global financial system to emerging economies

Economic Policy , International Development Posted: 2010-04-23

Liquidity and Sovereignty: The Eurozone Needs a Lender of Last Resort

SWP

This 4-page German commentary argues that the eurozone needs a lender of last resort that supports member countries in the event of liquidity shortages

European Union , Economic Policy Posted: 2010-04-21

The Russian Economic Crisis

CFR

This 44-page US report argues that Russia's economic crisis presents an opportunity to deepen American and European economic ties with Russia and integrate the country more firmly in the international system, something that could, over time, bring Russian and Western interests closer together

Foreign Policy , Economic Policy Posted: 2010-04-20

Lessons from the Asian Monetary Fund for the European Monetary Fund

CEPS

This 4-page policy brief draws lessons from the Asian experience for the recent debate in Europe over the feasibility and desirability of creating a European stability fund

European Union , Economic Policy Posted: 2010-04-19

The Global Recovery is Gathering Steam

CEIP

This US article reports that the global recovery is gaining traction as world trade and industrial production continue their impressive acceleration and the announcement of a Greek rescue package has provided the markets with much-needed reassurance

Economic Policy , Globalisation & International Trade Posted: 2010-04-16

The Effects of Macroeconomic Conditions on the Education and Employment Outcomes of Youth

Melbourne Institute of Applied Economic and Social Research

This Australian study examines the effects of macroeconomic conditions on the education-employment outcomes of youths in school-to-work transition

Families, Children & Youth , Economic Policy Posted: 2010-04-15

Global Economic Prospects for 2010 and 2011: Global Recovery Continues

Peterson Institute

A 13-page US paper on global economic prospects for 2010 and 2011

Economic Policy Posted: 2010-04-12

Overcoming Too-big-to-fail: A Regulatory Framework to Limit Moral Hazard and Free Riding in the Financial Sector

CEPS

This 98-page task force report proposing solutions for achieving a more stable and resilient financial system without renouncing the benefits of multi-purpose financial institutions and innovative finance

Economic Policy , Globalisation & International Trade Posted: 2010-04-12

Greece and the IMF

CEPS

A 2-page commentary on the ability of the IMF to support Greece

Economic Policy , European Union Posted: 2010-04-12

The Sustainability of China's Recovery from the Global Recession

Peterson Institute

This 8-page US policy brief assesses the sustainability of China's recovery from the global recession

Economic Policy , Globalisation & International Trade Posted: 2010-04-09

Internal and External Impact of Russia’s Economic Crisis

IFRI

This 25-page French paper assesses the impacts of Russia\'s economic crisis

Economic Policy , Governance & Politics Posted: 2010-04-08

Dealing with the Dragon: Australia and Chinese Inward Investment

Clingendael

A 3-page Dutch paper on Australia's experience of dealing with an increase in Chinese investment

Globalisation & International Trade , Economic Policy Posted: 2010-04-07

Two Crises, Two Responses

Bruegel Institute

A Belgian essay considering crisis management and prevention in the euro area

European Union , Economic Policy Posted: 2010-03-31

Private Sector Development is Key to Political Development in Ethiopia

CIPE

An 8-page US article arguing that good democratic governance and economic development in Ethiopia are intertwined and can only be realized in a competitive business environment

Governance & Politics , Economic Policy Posted: 2010-03-31

Greece's Threat to the Euro

Intereconomics

A US article arguing that Greece now poses a very real existential threat to the continuation of the euro in its present form

European Union , Economic Policy Posted: 2010-03-30

Chile: Political and Economic Conditions and U.S. Relations

CRS

This 17-page US report provides a brief historical background of Chile, examines recent political and economic developments, and addresses issues in U.S.-Chilean relations

Governance & Politics , Economic Policy Posted: 2010-03-30

The Lisbon Scorecard X: The Road to 2020

CER

A 59-page study arguing that the European Union has to provide new impetus to its reforms

European Union , Economic Policy Posted: 2010-03-26

Ukraine: Moving Beyond Stalemate?

Peterson Institute

A US testimony proposing an economic reform path for Ukraine

Governance & Politics , Economic Policy Posted: 2010-03-25

The Global Financial Crisis and Developing Countries

ODI

This 77-page UK synthesis of the effects of the global financial crisis on developing countries updates the description of the economic and social situation during the course of the crisis in 11 countries

International Development , Economic Policy Posted: 2010-03-24

The Effects of Macroeconomic Conditions on the Education and Employment Outcomes of Youth

Melbourne Institute

This 30-page Australian paper examines the impact of macroeconomic conditions on the education and employment outcomes of youths in school-to-work transition

Economic Policy , Education Posted: 2010-03-23

The Impact of a Sustained Gender Wage Gap on the Australian Economy

NATSEM

This 42-page paper seeks to identify the key determinants of the gender wage gap in Australia and the impact of the wage gap on the Australian economy

Employment, Industrial Relations & Training , Economic Policy Posted: 2010-03-23

The Euro in Crisis

City Journal

A US article on the management of the Eurozone

European Union , Economic Policy Posted: 2010-03-22

How Do Electoral Systems Affect Fiscal Policy?

CESifo

This 50-page working paper analyzes how the adoption of proportional representation affects fiscal policy. It shows that proportional systems shift spending toward broad goods (e.g. education and welfare benefits) but decrease spending on targetable goods

Governance & Politics , Economic Policy Posted: 2010-03-19

Shock Transmission Mechanism of the Economic Crisis in East Asia: An Application of International Input-Output Analysis

IDE

This 35-page Japanese paper investigates the impacts of the 2008 economic crisis on industries in East Asia

Regional , Economic Policy Posted: 2010-03-17

The 'Economic' Implications of the Euro

AJISS

A 4-page Japanese commentary on the "economic" implications of the Euro

Economic Policy , European Union Posted: 2010-03-17

Liquidity and Sovereignty: The Eurozone Needs a Lender of Last Resort

SWP

A 4-page German commentary arguing that the eurozone needs a lender of last resort that supports member countries in the event of liquidity shortages

European Union , Economic Policy Posted: 2010-03-16

A Greek Endgame?

CEPSA

This 2-page commentary argues that the Greek debt crisis has exposed a structural problem of the eurozone as a whole created by the fact that the monetary union is not embedded in a political union

European Union , Economic Policy Posted: 2010-03-11

Figuring Out the Doha Round

Vox-EU.org

An op-ed arguing that, far from being time to abandon the Doha Round, sustaining political support for the rules-based multilateral trade system is more important than ever

Globalisation & International Trade , Economic Policy Posted: 2010-03-04

Proposals for Ukraine: 2010—Time For Reforms

Independent International Experts Commission

This 80-page paper proposes a comprehensive economic reform programme for the first year of the new presidency in Ukraine

Economic Policy , Governance & Politics Posted: 2010-03-01

The 2008 Financial Crisis and Taxation Policy

CESifo

This 46-page working paper discusses the interactions between tax policy and the financial crisis. In particular, it reviews the existing evidence on the links between taxes and many characteristics of the crisis. Finally, it examines some possible future tax options to prevent such crises

Economic Policy , Taxation Posted: 2010-02-26

Lisbon: A Second Shot

Bertelsmann Stiftung

A 7-page German brief devoted to the EU 2020 strategy, due to replace the Lisbon Strategy

Economic Policy , European Union Posted: 2010-02-25

The New Commission's Economic Philosophy

CER

An 8-page policy brief on the economic philosophy of the new EU Commission

European Union , Economic Policy Posted: 2010-02-25

The Budget Deficit Scare Story and the Great Recession

CEPR

A 17-page US paper on the demerits of budget deficit reduction

Economic Policy Posted: 2010-02-25

Confronting Asset Bubbles, Too Big to Fail, and Beggar-thy-Neighbor Exchange Rate Policies

Peterson Institute

This 8-page US policy brief argues that the global financial crisis presents an opportunity—for the first time in many years—for wholesale reform of the international financial and monetary system

Economic Policy , Globalisation & International Trade Posted: 2010-02-24

The International Financial Crisis: Eight Lessons for and from Latin America

CGDev

This 27-page US working paper presents lessons derived from the international financial crisis, not only for the Latin American region itself, but also for other developing countries that might seek economic growth in the context of greater integration to the international capital markets

Economic Policy , Globalisation & International Trade Posted: 2010-02-22

21 Hours

NEF

This 40-page UK report argues that a range of social, environmental and economic pressures could see people adopting a much shorter working week

Employment, Industrial Relations & Training , Economic Policy Posted: 2010-02-22

Medvedev's Take on the Power Vertical: Are the Rules of the Game Changing in Russia?

FIIA

An 8-page Finnish briefing paper examining the nature and weaknesses of Governance in Russia and suggesting how the West might encourage reform

Governance & Politics , Economic Policy Posted: 2010-02-08

The Great Regression? Financial Crisis in an Age of Global Interdependence

FIIA

This 63-page Finnish report provides a comprehensive overview of the dynamics of the global financial crisis and the challenges it poses for governance across the board

Economic Policy , Governance & Politics Posted: 2010-02-08

Shock Transmission Mechanism of the Economic Crisis in East Asia

IDE

This 35-page Japanese discussion paper investigates the impacts of the 2008 economic crisis on industries in East Asia

Economic Policy , Regional Posted: 2010-02-08

Is a Sovereign Debt Crisis Looming?

"International Economic Bulletin"

This US article argues that sustaining growth—not withdrawing stimulus—should remain most countries’ top priority if they are to break the debt spiral

Economic Policy Posted: 2010-02-06

The High Cost of Low Educational Performance: The Long-Run Economic Impact of Improving PISA Outcomes

OECD

A 55-page international study showing that even modest and achievable gains in student learning yield large increases in gross domestic product (GDP) over the long run

Education , Economic Policy Posted: 2010-01-29

China’s Economic Conditions

CRS

A 36-page US background report on China's economy and economic policies

Economic Policy , Regional Posted: 2010-01-22

Automatic Stabilizers and Economic Crisis: US vs. Europe

CESifo

This 39-page working paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis

Economic Policy , European Union Posted: 2010-01-22

The International Monetary System and Global Imbalances

Peterson Institute

A 10-page US paper considering the desirability of reforming the international monetary system

Globalisation & International Trade , Economic Policy Posted: 2010-01-20

Which Common Policy for Agriculture and Rural Areas beyond 2013?

Notre Europe, SIEPS

The 96-page report of a conference held to review the need for a reform of the CAP

European Union , Economic Policy Posted: 2010-01-19

Transition Report 2009: Transition in crisis?

EBRD

The 2-page executive summary of a report that focuses on the challenges posed by the global financial crisis for the EU's transition region, both for the countries directly, and for the economic strategies they have followed since the collapse of communism.

European Union , Economic Policy Posted: 2010-01-11

Towards A Socially Responsible and Democratic Global Economic System:

FES

This 9-page US briefing paper proposes principles for strengthening reform efforts to increase transparency and accountability in the governance of financial institutions in order to move towards a more socially responsible and democratic global economic system

Economic Policy , Governance & Politics Posted: 2010-01-11

The World Needs Further Monetary Ease, Not an Early Exit

Peterson Institute

An 18-page US policy brief making the case for further monetary easing

Economic Policy Posted: 2009-12-18

Finding the Right Tool for Dealing with Asset Price Booms

Peterson Institute

A 26-page speech discussing how asset price booms might be addressed in the future

Economic Policy Posted: 2009-12-18

Other Worlds are Possible: Human Progress in an Age of Climate Change

NEF

This 68-page report calls for new economic approaches to international development which are more in tune with the needs of people and the planet

Climate Change & Environment , Economic Policy Posted: 2009-12-15

Innovation and the World Economy

FPRI

A US essay on the importance of entrepreneurship to economic growth

Economic Policy Posted: 2009-12-08

Do Better Schools Lead to More Growth? Cognitive Skills, Economic Outcomes, and Causation

IZA

This 64-page discussion paper investigates whether a causal interpretation of the robust association between cognitive skills and economic growth is appropriate and whether cross-country evidence supports a case for the economic benefits of effective school policy

Education , Economic Policy Posted: 2009-12-02

Controlling Spending and Government Deficits: Lessons from History and International Experience

Policy Exchange

This report draws from twelve international and historical case studies in order to examine how Britain might best rid itself of the current overwhelming defici

Economic Policy Posted: 2009-12-01

China's Policy Responses to the Global Financial Crisis

Productivity Commission - Australia

A 20-page Australian lecture explaining China's policy responses to the global financial crisis

Economic Policy Posted: 2009-11-25

Lessons from the Global Economic and Financial Crisis

Peterson Institute

A 10-page US speech analyzing the major issues in financial regulatory reform currently faced by the global community

Economic Policy , Globalisation & International Trade Posted: 2009-11-19

Ukraine’s Economy Hostage to Political One-upmanship

ICPS

A 2-page commentary on how Ukrain's economy is affected by internal politics

Economic Policy , Governance & Politics Posted: 2009-11-18

Beyond ‘Light Touch’ Regulation of Finance

DIIS

This 4-page Danish policy brief outlines a comprehensive approach to financial regulation which may ensure that financial crises in the future will be significantly fewer and milder than they have been in the past two decades

Economic Policy , Globalisation & International Trade Posted: 2009-11-17

A Blueprint for Global Leadership in the 21st Century

Peterson Institute

A US speech highlighting the necessity of providing a foundation for a viable "blueprint for global leadership in the 21st century."

Economic Policy , Governance & Politics Posted: 2009-11-11

The Impact of the Financial Crisis on Emerging Asia

Peterson Institute

This 47-page US working paper analyzes how the global financial crisis has impacted emerging Asia and identifies key characteristics that have made these economies more or less vulnerable to a transmission of crises from the advanced economies

Economic Policy Posted: 2009-11-11

Canada’s Difficult Experience in Reducing Inflation: Cautionary Lessons

C.D. Howe Institute

This 20-page Canadian study provides an insider’s perspective on the fight against soaring inflation in the 1970s through to the successful introduction of inflation targeting in the early 1990s, and draws general lessons from the historical record

Economic Policy Posted: 2009-11-06

Accelerating Growth and Job Creation in South Asia

World Bank

This 491-page report brings insight to the setting of priorities and strategies to accomplish the objective of sustained growth and poverty reduction in South Asia

Economic Policy , Employment, Industrial Relations & Training Posted: 2009-11-04

How Strong is Russia's Economic Foundation?

CER

This 7-page policy brief examines the strength of the Russian economy

Economic Policy , Governance & Politics Posted: 2009-11-03

It Isn’t Working: Time for More Radical Policies

Levy Economics Institute

A 21-page critical US policy brief on the Obama administration's policies to jump-start the economy

Economic Policy Posted: 2009-10-30

Latin America: Time for Reform, Not for Complacency

Brookings

A US commentary on the effectiveness of Latin American governments' response to tthe global financial crisis

Economic Policy , Regional Posted: 2009-10-27

Managing Systemic Risks

Pew Economic Policy Group

This 13-page US briefing paper begins with a working definition of systemic risk as "a systemic risk is a risk that an event will trigger a loss of confidence in a substantial portion of the financial system that is serious enough to have adverse consequences for the real economy." It focuses on an operational definition of systemic risk management as a combination of six specific things that governments can do

Economic Policy Posted: 2009-10-19

IMF-Supported Macroeconomic Policies and the World Recession: A Look at Forty-One Borrowing Countries

CEPR

This 97-page US discussion paper outlining how 31 of 41 countries with current IMF agreements have been subjected to pro-cyclical macroeconomic policies that, during the current global recession, would be expected to have exacerbated economic slowdowns

Economic Policy Posted: 2009-10-14

Pittsburgh: A Fresh Start or Cosmetic Tinkering?

SWP

This 7-page German commentary argues that the chances of a complete overhaul of the international financial markets at Pittsburgh are slim

Globalisation & International Trade , Economic Policy Posted: 2009-10-02

Credit Constraints and Consumer Spending

Bank of Canada

This 28-page Canadian working paper examines the relationship between aggregate consumer spending and credit availability in the United States

Economic Policy Posted: 2009-09-29

Quantifying the Effects on Lending of Increased Capital Requirements

Pew Task Force on Financial Reform

This 23-page US report shows that higher bank capital requirements would likely have much less effect on lending than many analysts have predicted

Economic Policy Posted: 2009-09-24