Rabah Arezki, Rick van der Ploeg, Frederik Toscani, 15 December 2016

Global natural wealth has shifted from North to South over the past decades, with discoveries of major oil and gas fields and mineral deposits first in Latin America and more recently in Sub-Saharan Africa. This column argues that a more outward market orientation on the part of developing countries has been the key driving force behind this shift – over and above other forces such as the increase in emerging markets’ demand and/or developed countries running out of natural resources.

Giancarlo Corsetti, Gernot Müller, 18 June 2016

For decades, the UK government has been very careful in ensuring a low-risk status for its public and private debt. This column warns that if the UK opts to leave the EU, uncertainty over the implications of Brexit would put this low-risk status in jeopardy. A depreciation of the pound could well generate an export boom, but this would not compensate for the damage to internal demand and to the UK’s ability to access external financing of its deficits.

Events

CEPR Policy Research