Peter Andre, Ingar Haaland, Chris Roth, Johannes Wohlfart, 23 December 2021

Inflation has recently surged in both the US and the EU. This column uses responses from surveys of a representative sample of the US population as well as academic economists and US firm managers to show that households and managers are more likely than experts to think that the current surge in inflation will be persistent. Since the narratives individuals use to explain movements in inflation appear central to whether inflation expectations remain anchored, communication strategies by policymakers could put emphasis on specific narratives that highlight that inflationary pressures are unlikely to persist.

Maarten Verwey, Allen Monks, 21 October 2021

On 19 October 2021, the European Commission adopted a Communication relaunching the public consultation on the EU’s economic governance framework. This consultation had been put on hold in March 2020 in order to focus on the Covid-19 pandemic. The Commission communication assesses the implications of the changed circumstances for economic governance following the COVID-19 crisis and sets out additional questions for the public debate. All stakeholders are invited to engage in the debate, which must be wide-ranging and inclusive to build a consensus on the way forward well in time for 2023.

Gabriel Felbermayr, Alexander Sandkamp, 10 October 2021

The recent combination of resurging demand and continuing disruptions in supply chains has led to a worrying return of inflation. In the EU, industry producer prices increased by 12.2% year-on-year in July 2021. This column argues that removing EU antidumping duties would at least partially ease the pressure on input and consumer prices. In contrast, the recent abandonment of China’s differential treatment in the EU’s antidumping legislation might even have contributed to increasing import prices.

Andreas Georgiou, 23 April 2020

Group of concerned economists, 16 March 2020

The COVID-19 pandemic is an extreme event that threatens the health and economic wellbeing of populations across the globe. This manifesto from a group of Portuguese economists calls for urgent action from the EU to prevent the suffering of its people and to save itself and the democratic values it stands for. A large-scale emergency programme requires massive emergency funding, and in the face of extraordinary circumstances, the ECB must be allowed to finance such a programme.

David Warsh, 29 March 2019

,

This one-day conference will bring together researchers and policymakers working on the economic consequences of Brexit. We invite submissions of papers and expressions of interest in attending. We would particularly welcome papers providing empirical evidence on the effects of the Brexit vote on the UK economy and novel studies of the potential future consequences of Brexit.

The conference will take place on September 19 in London and will be hosted by the Centre for Economic Performance at the London School of Economics. It is part of a series of events funded by the ESRC-sponsored UK in a Changing Europe initiative. The conference is open to attendees who are not presenting papers.

Submissions, requests for funding from PhD students and expressions of interest in attending the conference should be sent to [email protected] by May 18, 2018. Preliminary drafts of papers are welcome.

Daniel Müller, Fabian Herweg, 08 December 2017

The EU allows quantity discounts but forbids discriminatory discounts. Daniel Müller and Fabian Herweg explain how consumers benefit from this law. This video was recorded at the Royal Economic Society's annual conference held in Manchester in Spring 2015.

Christopher Pissarides, 15 November 2017

The European economy is recovering from the crisis. Christopher Pissarides argues that supply side economics need to be addressed to increase competitiveness and productivity. This video was recorded at the 6th Lindau Meeting on Economic Sciences in September 2017.

, 06 September 2017

Will the UK remain in the EU's customs union? This video explains the implications of remaining in the customs union, and how it would affect trade. This video was recorded at the UK Trade Policy Observatory at the University of Sussex (UKTPO) in August 2017.

The Editors, 30 March 2017

This column introduces a new series – CEPR Flashbacks – which highlights past CEPR reports that are relevant to today’s challenges. In many cases, the analysis is highly pertinent to today’s policy questions, while in others the reports provide useful context on how leading thinkers approached similar problems in the past. The first CEPR Flashback highlights a 1995 report, “Flexible Integration”, which suggested a solution to the problem that EU leaders are tackling in their current reflection on the Future of Europe.

Richard Pomfret, Patricia Sourdin, 23 September 2016

Joining a customs union is supposed to reduce trade with third countries. But after 2004, the largest EU accession countries actually increased their trade with Australia, especially their exports. This column argues that new regional value chains made accession country industries more competitive, especially in the auto industry. Trade with Australia has also been facilitated by a drop in the costs of bilateral international trade.

Michalis Haliassos, 05 May 2016

The free movement of people within the EU implies that individuals are confronted with unfamiliar policies and institutions. Can we expect them to adjust to these new sets of rules? In this Vox Views video, Michael Haliassos discusses his research on the role of cultural predispositions in household financial behaviour and the implications for the harmonisation of institutions across European countries. The video was recorded in April 2016 at the First Annual Spring Symposium on Financial Economics organised by CEPR and the Brevan Howard Centre at Imperial College.

Ettore Dorrucci, Demosthenes Ioannou, Francesco Paolo Mongelli, Alessio Terzi, 15 April 2015

Despite a significant progress over the past decades, European integration still needs improvement in some areas. This column presents a long-term narrative of European integration by using a recently published European index of regional institutional integration. The index maps developments in European integration from 1958 to early 2015 on the basis of a new monthly dataset. The evidence shows that successful integration could be achieved with reforms that are inclusive, widely explained, understood, and accepted.

Morris Goldstein, 18 November 2014

Results from last month’s EU-wide stress test are reassuring, especially for countries at Europe’s core. This column warns against a rosy interpretation. The test relies on risk-weighted measures of bank capital ratios that have been shown to be less predictive of bank failure than unweighted leverage ratios – a metric already adopted by the US Fed and Bank of England. In addition, many experts recommend much higher leverage ratios than currently required. The ECB must do more to fix undercapitalisation.

Kevin O'Rourke, 14 June 2008

The Irish ‘no’ – like the 2005 French ‘non’ – shows a clear poor/rich and urban/rural divide. Working-class and rural voters are systematically voting against further European integration. European leaders should take note.

Jim Rollo, Michael Gasiorek, Peter Holmes, 30 November 2007

EU-India trade talks began well in June 2007. India’s rapidly expanding role in the world economy as a buyer and seller make this an important free trade agreement for the EU, as recent research shows, but prospects for success are uncertain.

Alan Ahearne, Barry Eichengreen, 18 October 2007

Europe has no shortage of opinions on international economic affairs, but these suffer from a shortage of impact. The EU could become more influential by reforming its external representation. The IMF is the place to start. Here is a proposal.

Simon Evenett, 01 May 2007

The world trade system is challenged by large developing countries exercising their newfound powers. The EU needs to identify the offensive and defensive interests of the new trade powers, identify common ground, and adjust EU trade strategy to the new realities.

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