Blogs&Reviews | Page 3 | VOX, CEPR Policy Portal

Addressing global imbalances requires cooperation
Maurice Obstfeld, 10 August 2018

The IMF's 2018 External Sector Report assesses the current account balances for the 30 largest economies. In this post, Maurice Obstfeld outlines the key findings of the report.
Introducing a new Brexit policy panel
Anand Menon, Jonathan Portes, 09 August 2018

In this post, Anand Menon and Jonathan Portes summarise the results of the first in a monthly series of surveys in which a cross-disciplinary group of leading social scientists are asked their views on three key areas of uncertainty around Brexit: if — and when — the UK will leave the EU; how Brexit will affect British politics; and what our relationship with the EU is likely to look like in the future.
Our Gilded Age (India version)
Diane Coyle, 08 August 2018

Diane Coyle reviews James Crabtree’s "The Billionaire Raj", which offers a window on India’s super-wealthy and on on an extraordinary period of change in the country.
Red and Blue: One country or two?
Helen Popper, 06 August 2018

Republican and Democrat states, and their economies, differ. In this post, Helen Popper and David Parsley ask whether they are as different as economies from two distinct countries.

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Could the US become a democratic dictatorship?

Simon Wren-Lewis, 16 July 2018

Hungary's Prime Minister Viktor Orbán has pledged to create an illiberal state like Russia or China. In this post, Simon Wren-Lewis asks whether Donald Trump could emulate Orbán and turn the US into a 'democratic dictatorship'.
Moving the Overton window: Let the debate continue

Roger Farmer, 12 July 2018

The NIESR Rebuilding Macroeconomics project is stirring a great deal of welcome controversy. In this post, Roger Farmer, part of the project’s management team, explains how by funding projects from people or groups that mainstream funding agencies are unlikely to fund, it aims to inject new genes into the pool, shake things up a little by bringing in fresh approaches, and hopefully seed the development of ideas that might otherwise take much longer to emerge
Brexit endgame: Stage 1

Simon Wren-Lewis, 10 July 2018

A characteristic of many endgames in chess where the result is clear is that pieces leave the board quickly to make the eventual win obvious. In this post, Simon Wren-Lewis argues that what we have seen with the recent resignations of some members of the UK Cabinet is but the first stage in that process.
Global Britain and national Britain

Diane Coyle, 10 July 2018

In his new book, The Rise and Fall of the British Nation: A Twentieth Century History, David Edgerton argues that the key phenomenon of the post-WWII decades was not welfarism or corporatism but the creation of a distinctive British nation – until Mrs Thatcher started to turn the country back into an internationalist capitalist one. In this post, Diane Coyle finds that while the book makes for a refereshing read, not every bit of its myth-busting is wholly persuasive.
Sudden stops: A primer on balance-of-payments crises

Stephen Cecchetti, Kim Schoenholtz, 09 July 2018

In this post, Stephen Cecchetti and Kermit Schoenholtz explain balance-of-payments crises – the sudden stops or capital flow reversals that compel countries to restore their external balance between exports and imports or, in the case of capital flight, shift to export surpluses. They also examine the Asian crisis of 1997-98 and the crisis in the euro area periphery from 2010 to 2012.

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