Research-based policy analysis and commentary from leading economists
The CEPR Research and Policy Network on FinTech and Digital Currencies has published an ebook on the design and implications of central bank digital currency. Dirk Niepelt, leader of the RPN, explains why the topic is on the minds of many central banks — and the issues on which economists agree and disagree.
Download the eBook:
Dirk Niepelt, Central Bank Digital Currency: Considerations, Projects, Outlook, CEPR, 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
Many multinational firms shift profits to where they are taxed least. A new global database reveals which type of firms employ this accounting trick the most. Manthos Delis of Montpellier Business School and Fotis Delis of the University of Piraeus explain what can be done to discourage them.
Read more about the research behind this video and download the Discussion Paper:
Delis, M, Delis, F, Laeven, L and Ongena, S. 2021. 'Global Evidence on Profit Shifting: The Role of Intangible Assets'. London, Centre for Economic Policy Research.
The policy response to Covid-19 in Europe avoided mistakes made a decade earlier. But what should the fiscal and monetary policy framework be after the pandemic? Marco Buti, author of a new CEPR policy insight on this topic and the book The Man Inside about how Europe coped with recent crises, talks to Tim Phillips.
Download the CEPR policy insight:
Buti, M and Messori, M, Euro area policy mix: From horizontal to vertical coordination, CEPR Policy Insight No 113.
Register for the launch of the book The Man Inside: A European Journey through Two Crises, Wednesday 24 November 2021, 16:00 GMT
Is vaccination a choice or a responsibility? Through 2021, policymakers across Europe have used vaccine passports to keep others safe and counter vaccine hesitancy. Mathias Dewatripont discusses the mixed evidence for their effectiveness with Tim Phillips.
Read more about the research discussed in this interview:
Mathias Dewatripont, Vaccination strategies in the midst of an epidemic, CEPR Policy Insight No 110
In the Covid epidemic, millions of knowledge workers discovered that they could do their jobs from home. So why not go further, and employ low-wage workers in the global south to do these jobs instead? Jonathan Dingel and Richard Baldwin have estimated how many services jobs can be offshored today, and the economic impact for developing countries.
Download the Discussion Paper behind this video:
Baldwin, R and Dingel, J. 2021. 'Telemigration and development: On the offshorability of teleworkable jobs'. London, Centre for Economic Policy Research.
For the first time in a generation, economists are worried about inflation risks in advanced economies. Hans Gersbach argues that the risk to price stability is higher than we assume. The reason: end of tightening bank regulation and massively increased central bank reserves.
Read more about the research discussed:
Hans Gersbach, The fragile triangle: Price stability, bank regulation and central bank reserves, CEPR Policy Insight No 112
Education is one of the few valuable assets that cannot easily be removed from you and that can travel with you if you are a victim of forced migration.
In a video recorded at 2020's AEA conference, Sascha Becker (Warwick University & CEPR) explains how data around the changes to Polish borders following WWII confirms a hypothesis that people who have suddenly lost everything through forced migration place a higher value on education for them and their children, once relocated. The policy implications are clear: governments should ensure that migrants who arrive following forced relocation are given quick and effective access to education for their children as this will benefit both them and their host country.
A new CEPR ebook focuses on climate policies that it calls "no-brainers” and "low-hanging fruit”. How far do they get us towards net zero and why, if they really are so obvious, are they not being enacted?
In a video recorded in 2017, Mario Monti looks back at the challenges posed by the Global Crisis, 10 years earlier, and asks how well prepared for the next crisis the world is.
Post-Covid, his words regarding growing differences in ideological viewpoints between the EU and the US, as well as the possible effects on the unity of any EU response likely to be posed by Brexit seem prophetic.