Oriana Bandiera, Erica Bosio, Giancarlo Spagnolo, 10 December 2021

A new CEPR ebook examines how public procurement, especially in an emergency, can cut red tape without increasing corruption and waste. Editors Erica Bosio, Giancarlo Spagnolo, and Oriana Bandiera explain what Covid-19 and other recent events have taught us.

Download the eBook:
Oriana Bandiera, Erica Bosio, Giancarlo Spagnolo Procurement in Focus: Rules, Discretion, and Emergencies, CEPR

Register for the online eBook launch on 15 December 14:00 GMT

Oriana Bandiera, Erica Bosio, Giancarlo Spagnolo, 30 November 2021

Covid-19 has served as a global case study for increased discretion in public procurement, with governments worldwide making rules more flexible to increase spending, reduce the damage, and save lives. A new CEPR eBook examines the tension between rules and discretion in public procurement and the steps that can be taken to improve procurement outcomes and mitigate the risk of corruption, collusion, abuse, and incompetence during crises. 

Xavier Debrun, Luc Eyraud, Andrew Hodge, Victor Lledo, Catherine Pattillo, 22 May 2018

Less than five years into the great euro experiment, the president of the European Commission at the time judged Europe’s limit on public deficits to be "stupid". A more intriguing question, however, is whether numerical constraints on broad indicators of fiscal performance can contain politicians’ penchant for borrowing too much and at the wrong time. This column summarises lessons from recent research on fiscal rules, including the new generation of ‘smart’ rules that emerged around the Global Crisis. Rules can mitigate fiscal excesses if they strike a good balance between simplicity, flexibility, and enforceability. 

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