Blogs&Reviews | VOX, CEPR Policy Portal

The five surprising things about the new USMCA trade agreement
Chad Bown, 16 October 2018

Trade deals typically aim to boost commerce among countries. In this post, Chad Bown offers four novel, trade-restricting elements that make the new US-Mexico-Canada Agreement (USMCA) different.
Making economic miracles
Diane Coyle, 15 October 2018

In this post, Diane Coyle reviews Michael Best's latest book, How Growth Really Happens, which argues that policies to foster growth should aim at ensuring businesses can access or develop three capabilities - skills, a production system and a business model - rather than taxes and subsidies.
How the left stopped being a party of the working class
Simon Wren-Lewis, 11 October 2018

Educated voters in France, the UK, and the US tended to vote right after WWII, but are now more likely to vote left. In this post, Simon Wren-Lewis discusses possible factors behind this shift and implications.
Two presidents, one economy
Christopher Knittel, 10 October 2018

Recently, both Presidents Trump and Obama have publicly taken credit for the strong US economy. In this post, Christopher Knittel turns to data to evaluate their claims.

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The macroeconomic perils of a world with a private digital currency and how to address them

Yakov Amihud, Alex Cukierman, 08 October 2018

In this post, Yakov Amihud and Alex Cukierman discuss potential risks to the functioning of monetary policy instruments if government-produced fiat money is completely replaced by private money.
US tariff levels now at emerging market levels

Menzie Chinn, 08 October 2018

In this post, Menzie Chinn compares US tariff levels with those of other countries, and discusses how rejigging the global value chains tat have built up over decades to accommodate tariffs of indefinite duration is sure to be disruptive, and possibly inflationary.
War and peace and military intervention

David Levine, Salvatore Modica, 02 October 2018

It is widely believed that major powers should intervene in conflicts for humanitarian reasons. In this post, David K. Levine and Salvatore Modica argue that if humanitarian concerns are truly predominant, the only kind of military intervention that can be justified is either weak or strong. The kind of medium intervention we see in Syria and Yemen – to prolong a war probably for decades – is difficult to justify on those grounds.
Seizing the benefits of the digital economy for development

Jorge Arbache, 28 September 2018

The digital age is transforming everything, and at a relatively low cost. In this post, Jorge Arbache discussed the relationship between the digital economy and economic development and explore the benefits and challenges for emerging economies.
Trump can’t fix a 21st century problem with 20th century thinking

Richard Baldwin, 27 September 2018

President Trump's anti-globlisation rhetoric has caught the imagination of many middle-class Americans who feel that trade – especially imports from low-wage nations like Mexico and China – is why they have seen their incomes stagnate for two decades. In this post, Richard Baldwin argues that Trump's trade strategy is treating a real problem with the wrong medicine.

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