Economic Policy
Stress-Testing the Regulators: Market Risks and the EU Economy
Chatham House
A 12-page UK paper examining Europe's economic and regulatory policies
Economic Policy, European UnionPosted: 2008-04-30
Guarded Optimism: Latin American Economies
Chatham House
A UK examination of the prospects for Latin-American economies
Economic Policy, RegionalPosted: 2009-05-28
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 TradePosted: 2010-02-22
Fair Growth
CGD
This 230-page volume presents economic policy tools for improving the life of Latin America's majority
Poverty & Hunger, Economic PolicyPosted: 2008-01-23
Credit at Times of Stress: Latin American Lessons from the Global Financial Crisis
CGD
A 50-page US paper that identifies the factors that contributed to real credit growth in Latin America during the global financial crisis
Regional, Economic PolicyPosted: 2012-03-07
Reflections on the Macro Foundations of the Middle Class in the Developing World
CGD
This 22-page US working paper reviews how macroeconomic policies shape incentives for inclusive growth
International Development, Economic PolicyPosted: 2007-10-30
Economics and Emigration: Trillion-Dollar Bills on the Sidewalk?
CGD
This US paper investigates why economists studying the effects of migration focus on the effects of immigration on nonmigrants in destination countries. It sketches a four-point research agenda on the effects of emigration and argues that barriers to emigration deserve a research priority that is commensurate with their likely colossal economic effects
Immigration & Refugees, Economic PolicyPosted: 2011-09-08
Iraq’s Last Window: Diffusing the Risks of a Petro-State
CGD
A 26-page US working paper outlining the benefits of an oil dividend policy for Iraq
Governance & Politics, Economic PolicyPosted: 2011-09-19
Economics and Emigration: Trillion-dollar Bills on the Sidewalk?
CGD
This 32-page US working paper sketches a four-point research agenda on the effects of emigration
Immigration & Refugees, Economic PolicyPosted: 2011-08-23
How Will Latin America Fare after the Current Crisis?
CGD
This 6-page speech analyzes the effect of the global financial crisis on Latin America
International Development, Economic PolicyPosted: 2009-07-29
The Economic Logic of Illegal Immigration
CFR
A 62-page US report appproaching the subject of immigration through the lens of economics
Immigration & Refugees, Economic PolicyPosted: 2007-04-20
Resolving the Eurozone Crisis
CFR
A brief offering a US perspective on the latest "comprehensive" plan to tackle the escalating eurozone sovereign debt crisis
European Union, Economic PolicyPosted: 2011-10-31
Sovereign Wealth and Sovereign Power
CFR
This 64-page report studies the strategic consequences of American indebtedness
Governance & Politics, Economic PolicyPosted: 2008-10-15
The Future of the Euro
CFR
A US article considering the Euro's future
European Union, Economic PolicyPosted: 2010-08-22
A Greek Technocrat's Tall Task
CFR
This US analysis brief considers the task facing Greece's new government
European Union, Economic PolicyPosted: 2011-11-14
Italian Debt Cloud Hangs Over Europe
CFR
A US policy brief expressing the concern existing in the markets over Italy's ability to pass needed austerity measures and fend off eurozone sovereign debt contagion
European Union, Economic PolicyPosted: 2011-11-14
Reflections on Economic Policy in Time of Crisis
CFR
Transcript of a US speech on the US Administration's response to the global economic crisis
Economic PolicyPosted: 2009-06-14
Aftershocks of the Ireland Bailout
CFR
A US analysis brief warning of fallout from the Ireland bailout for Eurozone countries, the heavily indebted United States, and the global economic recovery
Economic Policy, Globalisation & International TradePosted: 2010-12-01
Global FDI Policy: Correcting a Protectionist Drift
CFR
A 56-page US monograph tracking the rise of investment protectionism
Globalisation & International Trade, Economic PolicyPosted: 2008-07-25
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 PolicyPosted: 2010-04-19
Quarterly Update: The Recession in Historical Context
CFR
A US comparison of the current rcession in the US with earlier ones
Economic PolicyPosted: 2009-06-21
Lessons of the Financial Crisis
CFR
This 52-page US report offers an incisive overview of the global financial crisis and a comprehensive guide for reform
Economic Policy, Globalisation & International TradePosted: 2009-03-30
The Great Crash, 2008: A Geopolitical Setback for the West
CFR
This 7-page US essay argues that the financial crisis has called into serious question the credibility of western governments and may precipitate an eastward shift of power.
Economic Policy, Globalisation & International TradePosted: 2009-01-07
Euro Rescue Raises Hopes and Questions
CFR
A US analysis brief on the soverwign debt crisis within the Eurozone
European Union, Economic PolicyPosted: 2010-05-15
Understanding Policy in a Floating Rate Regime
CFEPS
A 31-page working paper examining policy appropriate for an open economy operating with a floating exchange rate
Economic PolicyPosted: 2007-03-30
Monetary Policy and Swedish Unemployment Fluctuations
CESifo, IZA
This 30-page discussion paper studies the impact of monetary policy shocks on unemployment fluctuations in Sweden
Employment, Industrial Relations & Training , Economic PolicyPosted: 2007-09-05
Precommitted Government Spending and Partisan Politics
CESifo
This 37-page working paper analyzes government commitments to ongoing spending programs that require future outlays
Governance & Politics, Economic PolicyPosted: 2011-06-10
Outsourcing, Unemployment and Welfare Policy
CESifo
This 32-page working paper investigates the consequences of outsourcing labor intensive activities to low wage economies
Economic Policy, Employment, Industrial Relations & Training Posted: 2008-12-08
Nominal Exchange Rate Flexibility and Real Exchange Rate Adjustment: Evidence from Dual Exchange Rates in Developing Countries
CESifo
This 35-page working paper investigates whether exchange rate flexibility aids real exchange rate adjustment
Economic PolicyPosted: 2005-09-19
The Employment Effects of Labor and Product Markets Deregulation and their Implications for Structural Reform
CESifo
A German working paper studying the effects of labour and product markets deregulation on employment growth
Employment, Industrial Relations & Training , Economic PolicyPosted: 2006-06-20
Economic, Political and Institutional Determinants of Budget Deficits in the European Union
CESifo
This 45-page working paper investigates the economic, political, and institutional determinants of government deficits in the EU
European Union, Economic PolicyPosted: 2009-06-04
Regional Inequality and Decentralization: An Empirical Analys
CESifo
A 39-page working paper analyzing the impact of political and fiscal decentralization on regional inequalities using a unique data set which covers 56 countries at different stages of economic development
Economic Policy, RegionalPosted: 2011-09-16
How Much Do Educational Outcomes Matter in OECD Countries?
CESifo
A 56-page working paper reporting that school improvements falling within currently observed performance levels yield very large gains in growth performance
Education, Economic PolicyPosted: 2010-11-17
The Determinants of Economic Growth in European Regions
CESifo
A 42-page working paper evaluating the robustness of determinants of economic growth in a new dataset of 255 European regions in the 1995-2005 period
Economic Policy, European UnionPosted: 2009-02-21
Sustainable Social Spending
CESifo
A 42-page working paper discussing a number of threats to the sustainability of social spending
Social Policy, Economic PolicyPosted: 2006-01-25
The Effects of Monetary Policy on Unemployment Dynamics under Model Uncertainty: Evidence from the US and the Euro Area
CESifo
This 44-page paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in the Euro area and the US
Economic Policy, Employment, Industrial Relations & Training Posted: 2009-05-12
A Fragile Eurozone in Search of a Better Governance
CESifo
This working paper argues that the governance of the Eurozone makes the monetary union fragile and vulnerable to changing market sentiments
Economic Policy, European UnionPosted: 2011-06-09
Transparency of Monetary Policy: Theory and Practice
CESifo
This working paper aims to bridge the gap between the theory and practice of monetary policy transparency
Economic PolicyPosted: 2006-01-25
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 UnionPosted: 2010-01-22
Financial Contagion and the European Debt Crisis
CESifo
This 34-page working paper investigates whether contagious effects are identifiable during the Euro Crisis, or if the countries’ problems are instead due to fundamental problems in the affected economies
Economic Policy, European UnionPosted: 2011-09-09
Workfare, Monitoring and Efficiency Wages
CESifo
A 29-page working paper studying the impact of a stronger work requirement for welfare recipients in a workfare programme
Economic PolicyPosted: 2006-08-18
The Quantity Theory of Money and Friedmanian Monetary Policy: An Empirical Investigation
CESifo
A 26-page working paper proposing an approach for the empirical study of the quantity theory of money (QTM) that is novel both with respect to the specific steps taken as well as the general methodology employed
Economic PolicyPosted: 2012-04-23
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, TaxationPosted: 2010-02-26
How I Learned to Stop Worrying and Love the Crisis
CESifo
This 18-page working paper investigates the effects of economic crises on the subsequent economic performance, economic reform, democratization and institutional change
Economic Policy, Governance & PoliticsPosted: 2012-03-07
The Greek Crisis: Causes and Consequences
CESifo
This 15-page working paper takes stock of the factors that led to the explosion of Greek public debt, the loss of competitiveness, and the failure of the first EU-IMF programme
Economic Policy, Governance & PoliticsPosted: 2011-12-15
Monetary Policy, Vagabonding Liquidity and Bursting Bubbles in New and Emerging Markets
CESifo
This 32-page working paper examines global asset market booms in recent decades
Economic Policy, Globalisation & International TradePosted: 2007-10-30
Exchange Rate Volatility and Growth in Emerging Europe and East Asia
CESifo
This 38-page working paper investigates the impact of exchange rate volatility on growth in Emerging Europe and East Asia
Economic PolicyPosted: 2007-08-11
Recent Regional Agreements
CESifo
This 34-page working paper examines the recent growth in regional trade agreements
Globalisation & International Trade, Economic PolicyPosted: 2006-10-27
Greasing the Wheels of Entrepreneurship? Impact of Regulations and Corruption on Firm Entry
CESifo
This 35-page paper investigates whether the impact of regulations on entrepreneurship depends on corruption
Corruption, Economic PolicyPosted: 2007-08-02
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 PolicyPosted: 2010-03-19
Financial Stability and Monetary Policy? A Framework
CESifo
A 28-page paper presenting a stylised framework to analyze conditions under which monetary policy contributes to amplified improvements in the housing market
Economic PolicyPosted: 2007-06-02
Central Bank Intervention, Communication and Interest Rate Policy in Emerging European Economies
CESifo
A 35-page paper analyzing the effectiveness of foreign exchange intervention in six East European countries
Economic PolicyPosted: 2007-02-16
The Economic Effects of Direct Democracy: A First Global Assessment
CESifo
This 43-page working paper assesses the economic effects of direct democratic institutions
Governance & Politics, Economic PolicyPosted: 2008-01-21
The New Commission's Economic Philosophy
CER
An 8-page policy brief on the economic philosophy of the new EU Commission
European Union, Economic PolicyPosted: 2010-02-25
New Europe and the Economic Crisis
CER
This 9-page briefing note considers the situation of the EU's new member states in dealing with the economic crisis
European Union, Economic PolicyPosted: 2009-02-12
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 PolicyPosted: 2010-03-26
How to Save the Euro
CER
A 16-page UK essay outlines what needs to be done to ensure the long-term survival of the Euro and how this could come about
European Union, Economic PolicyPosted: 2010-09-20
How Strong is Russia's Economic Foundation?
CER
This 7-page policy brief examines the strength of the Russian economy
Economic Policy, Governance & PoliticsPosted: 2009-11-03
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 PolicyPosted: 2010-03-11
At What Cost Price Stability?
CEPS
This 22-page paper considers the cost of re-establishing price stability in foregone output and higher unemployment
Economic Policy, European UnionPosted: 2008-09-06
Debt Reduction Without Default?
CEPS
This 12-page policy brief proposes a two-step, market-based approach to debt reduction for the countries with an EFSF programme (probably Greece, Ireland and Portugal)
European Union, Economic PolicyPosted: 2011-02-03
A Call for a European Financial Stability Fund
CEPS
This 3-page commentary calls for the creation of a massive European Financial Stability Fund to cope with the financial and economic crises
Economic Policy, European UnionPosted: 2008-11-01
The Banking Crisis: Causes, Consequences and Remedies
CEPS
A 12-page policy brief arguing for a return to the narrow banking model
Economic Policy, European UnionPosted: 2008-11-28
Stepping up Growth Policies
CEPS
A 4-page brief calling upon the European Council to consider launching a new growth initiative, centered on mobilising vast resources at EU level for investment in worthy projects of common interest Europe-wide
European Union, Economic PolicyPosted: 2012-05-21
Concrete Steps towards More Integrated Financial Oversight
CEPS
This 44-page report is based on discussions in the CEPS Task Force on Concrete Steps towards More Integrated Financial Oversight in the EU and was complemented by substantial internal research.
Economic Policy, European UnionPosted: 2008-12-09
Decoupling: Can Europe Avoid a Recession?
CEPS
A 3-page commentary exploring whether Europe will follow the US into a likely recession
European Union, Economic PolicyPosted: 2008-01-31
Greece’s Soft Budgets in Hard Times
CEPS
A 3-page commentary on Greece's core problems
Economic Policy, Governance & PoliticsPosted: 2012-03-15
Can Greece ‘Grow Solvent’?
CEPS
This 3-page commentary explores whether Greece can now ’grow solvent’
European Union, Economic PolicyPosted: 2011-09-19
Lisbon II, Two Years On: An Assessment of the Partnership for Growth and Jobs
CEPS
This 58-page report assesses the progress of the Partnership for Growth and Jobs during the 2006-07 cycle
European Union, Economic PolicyPosted: 2007-07-11
China's Assistance Could Do More Harm Than Good in the Eurozone
CEPS
A commentary arguing that a large inflow of funds from China and other 'investors' could in fact do more harm to the Eurozone than good. In the author's view, the incoming capital would strengthen the euro and thus make a recovery in the periphery even more difficult
European Union, Economic PolicyPosted: 2011-11-11
Only a More Active ECB Can Solve the Euro Crisis
CEPS
This 8-page policy paper asserts that the contagion currently afflicting sovereign bond markets in the eurozone can only be stopped if there is a central bank willing to be lender of last resort, i.e. willing to guarantee that the cash will always be available to pay out the bondholders
European Union, Economic PolicyPosted: 2011-08-09
The Treaty on Stability, Coordination and Governance in the Economic and Monetary Union (aka Fiscal Compact)
CEPS
A 2-page commentary on the Fiscal Compact signed on 2 March 2012 by all member states of the EU (except the UK and the Czech Republic)
European Union, Economic PolicyPosted: 2012-03-15
An Evaluation of the French Proposal for a Restructuring of Greek Debt
CEPS
A 9-page policy brief examining the merits of a new proposal from France aimed at resolving the Greek debt crisis
Economic Policy, European UnionPosted: 2011-07-20
Bank State Aid in the Financial Crisis: Fragmentation or level playing field?
CEPS
This 90-page report analyses, from different perspectives, the huge amounts of aid that were given to the financial sector in the EU in response to the financial crisis
Economic Policy, European UnionPosted: 2010-11-01
Europe for Growth: For a Radical Change in Financing the EU
CEPS
This 86-page report finds that fully funding the European Union with own resources is the only way to put an end to the fair return approach and to make the necessary changes to EU spending that would provide it with the financial means equal to its needs and allow it to face the challenges of the future
European Union, Economic PolicyPosted: 2011-04-11
Can the Eurozone Countries Still Live Together Happily Ever After?
CEPS
This 9-page policy brief argues that the solution to Europe’s sovereign debt problems cannot be entrusted to the two stability funds, not even in tandem with the International Monetary Fund
European Union, Economic PolicyPosted: 2011-03-23
Stepping up Growth Policies
CEPS
A 4-page policy brief calling upon the European Council to consider launching a new growth initiative, centered on mobilising vast resources at EU level for investment in worthy projects of common interest Europe-wide
European Union, Economic PolicyPosted: 2012-03-13
Cherished Myths Have Fallen Victim to Economic Reality
CEPS
This 2-page commentary studies the lessons too be learned from the economic crisis
Economic PolicyPosted: 2008-08-04
The Case for ‘More Single Market’
CEPS
This 10-page policy brief urges the EU to get its act together and give immediate priority to deepening and widening the Single Market
European Union, Economic PolicyPosted: 2011-02-18
Collapse in Eastern Europe? The Rationale for the Creation of a European Financial Stability Fund
CEPS
This 5-page commentary looks at the threat posed to EU banks by their exposure to capital flights and currency attacks in Eastern Europe, recommending the creation of a large scale, temporary European Financial Stability Fund to deal with the crisis.
European Union, Economic PolicyPosted: 2009-03-05
Keep it simple: Policy Responses to the Financial Crisis
CEPS
This 96-page study proposes new rules of the game – imposed through the Group of 20 and the IMF – for the macroeconomic and exchange rate policies of the main players, including the United States
Economic Policy, Globalisation & International TradePosted: 2009-04-07
Fiscal Stabilisation Plans and the Outlook for the World Economy
CEPS
This 53-page paper evaluates the adequacy of the measures implemented in the euro area and the US in response to the financial crisis and finds that while these measures will prove useful in limiting the scale and duration of the downturn, they will not be sufficient by themselves to prevent a lengthy recession followed by a tepid recovery
Economic Policy, Globalisation & International TradePosted: 2009-08-29
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 PolicyPosted: 2010-04-26
Mind the Basel Gap
CEPS
This 2-page commentary calls for fundamental reform of the capital adequacy system
Economic PolicyPosted: 2009-07-16
The European Council Summit and the Political Economics of the EMU Crisis
CEPS
This 4-page policy brief finds that the weakness of the current EMU governance is that it neither provides sufficient incentives for curtailing excessive lending and indebtedness, nor secures the level of political integration necessary to attain a sufficient degree of accountability in fiscal affairs
European Union, Economic PolicyPosted: 2010-11-19
Global Imbalances and the Accumulation of Risk
CEPS
This 4-page policy brief examines the causes of the current global financial crisis
Globalisation & International Trade, Economic PolicyPosted: 2009-06-14
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 PolicyPosted: 2010-04-18
What’s Next After the London G-20?
CEPS
A 2-page commentary asking whether the world’s leaders will be able to deliver on global financial governance, given the hugely ambitious agenda they have set for themselves and in light of the fact that they remain a limited group of nations.
Economic Policy, Globalisation & International TradePosted: 2009-04-13
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 TradePosted: 2010-04-11
What Kind of Governance for the Eurozone?
CEPS
This 8-page policy brief argues that the role of governments in managing the Eurozone has been over-emphasised and that conversely the role of the monetary authorities, in particular the European Central Bank, has been under-emphasised.
European Union, Economic PolicyPosted: 2010-09-29
Greece and the IMF
CEPS
A 2-page commentary on the ability of the IMF to support Greece
Economic Policy, European UnionPosted: 2010-04-11
Pay for Play? Tax Credits for Paid Time Off
CEPR
A 3-page US essay outlining a method for boosting demand in the economy, with secondary benefits
Economic Policy, Employment, Industrial Relations & Training Posted: 2009-03-30
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 PolicyPosted: 2009-10-13
Argentina's Economic Recovery: Policy Choices and Implications
CEPR
An 18-page US paper analyzing the policies behind Argentina's economic recovery
Economic PolicyPosted: 2007-10-25
The Sustainability of Sterilization Policy
CEPR
A 15-page US paper studying the sustainability of exchange rate targeting and sterilization
Economic PolicyPosted: 2007-10-10
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 PolicyPosted: 2010-05-03
The IMF's Stand-by Arrangements and the Economic Downturn in Eastern Europe: The Cases of Hungary, Latvia, and Ukraine
CEPR
This 32-page US report examines IMF agreements with three countries, Hungary, Latvia, and Ukraine, and finds that in all three countries there were mistakes in economic policy that increased their vulnerability to the external shocks
Economic Policy, European UnionPosted: 2009-09-10
The Scorecard on Development 1960-2010: Closing the Gap?
CEPR
This 42-page US study documenting economic growth, health, and education indicators of the countries of the world shows a rebound in economic growth following more than two decades of economic failure for the vast majority of low- and middle-income countries
Economic Policy, HealthPosted: 2011-04-14
Ten Years After: The Lasting Impact of the Asian Financial Crisis
CEPR
This 8-page US paper examines the key long-term impacts of the East Asian Financial Crisis
Economic PolicyPosted: 2007-08-07
Decreasing Inequality Under Latin America’s ‘Social Democratic’ and ‘Populist’ Governments: Is the Difference Real?
CEPR
This 19-page US study argues that there is no statistical basis to claim that “social democratic” governments in Latin America have been more effective at reducing inequality than “left-populist” ones
Economic Policy, Governance & PoliticsPosted: 2011-11-03