The latest Geneva Report on the World Economy argues that central banks can do more to stimulate economies and restore full employment when nominal interest rates are near zero. Quantitative easing and negative interest rates have had beneficial effects so far and can be used more aggressively, and the lower bound constraint can be mitigated by modestly raising inflation targets.
The June 2016 Brexit referendum saw British voters reject membership of the European Union. Now that a decision has been made, it is time to look forward and find the best solutions for the future of both the UK and the EU. This VoxEU eBook regroups the views of more than a dozen leading economists and specialists on a broad range of issues, from various perspectives.
In this second report in the Monitoring the Eurozone series, the authors propose a package of institutional changes that can help to restore growth and prosperity to the Eurozone, whilst at the same time being politically feasible.
This CEPR Press eBook presents the perspectives of policymakers, stress test designers and academics on the remarkable development of stress testing, a tool which ten years ago was little known but has now emerged as a major component of the supervisory toolkit.
This CEPR Press eBook argues that firms must implement more risky innovations as the economy approaches the technological frontier. The five contributions, from leading economists in the field, suggest that priority should be given to research, selection of firms, and reducing frictions.