Competition policy
Value-added exchange rates
With the rise of complex, globalised supply chains is the real effective exchange rate (REER), the most commonly used measure of competitiveness, now outdated? If it is, what should replace it? This column presents a ‘Value-Added REER’ and shows that it differs substantially from the conventional REER. Because it is possible to construct a new Value-Added REER from existing data, policymakers interested in improving their understanding of competitiveness might well consider including it in their toolbox.
Market access in global and regional trade
Do trade costs still matter in a modern era characterised by a fall in transaction costs? This column argues that there is a dearth of good analysis in the debate around market access difficulties. Complaining about restrictions in accessing foreign markets is political leaders’ current favourite hobby yet. In light of stalled WTO negotiations, shouldn’t rigour, not rhetoric, lead this debate?
Own goal: Is UEFA’s Financial Fair Play initiative misguided?
As the new football season kicks off, Europe’s top clubs are preparing to abide by UEFA’s Financial Fair Play initiative, designed to ensure financial discipline and make European football more competitive. But this column argues that the new rules could end up doing just the opposite.
Financing start-ups: The impact of credit scoring and bank concentration
Might bank consolidation and the increasing reliance on external credit ratings harm access to credit for start-up firms, especially those in high-tech industries? This column examines how the availability of credit for start-ups in Germany is related to their external credit rating as well as the size and expertise of their main bank.
Cloud computing: Economic issues
Cloud computing – services that are accessed directly over the Internet – is the new ‘game-changer’ in the information technology world. Yet cloud computing is still in its infancy. This column explores what it might mean for competition among service providers.
Other Recent Articles:
- Innovation and competition policy: A new type of policy
- Bank competition and stability: Cross-country heterogeneity
- Does price regulation affect the adoption of new pharmaceuticals?
- Patent Boxes: An innovative way to race to the bottom?
- Competitiveness: The Great American Distraction
- Exchange consolidation: Are regulators once more sowing the seeds of instability?
- Can competition pull along the public sector? Evidence from Indian railways
- Talking shop: The costs of entry restrictions in retail trade
- Intellectual property rights and FDI knowledge diffusion
- Low-wage East meets high-quality West: New firm-level evidence from France
- Competition and cash crops in sub-Saharan Africa
- Collective cooperation: The phenomenon of open source
- Competition, commissioning and the quality of healthcare: The evidence on Britain’s NHS reforms
- Understanding Google’s antitrust problems
- The impact of university research on corporate patenting: New evidence from the UK
- When is regulation more efficient than competition?
- Standardisation in high-tech sectors
- Corruption as a barrier to entry
- Should governments promote open source software?
- Intellectual property and climate change
Most Read
- Fiscal consolidation: At what speed?Blanchard, Leigh
- Public debt and economic growth, one more timePanizza, Presbitero
- Escaping liquidity traps: Lessons from the UK’s 1930s escapeCrafts
- The lessons of the North Atlantic crisis for economic theory and policyStiglitz
- Rethinking macroeconomic policyBlanchard
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Vox Talks
Vox eBooks
Don't Miss
Helicopter money as a policy option
Reichlin, Turner, Woodford
CEPR Policy Research
- The "Greatest" Carry Trade Ever? Understanding Eurozone Bank RisksAcharya, Steffen
- Political Credit Cycles: The Case of the Euro ZoneFernández-Villaverde, Garicano, Santos
- Winning by Losing: Incentive Incompatibility in Multiple QualifiersDagaev, Sonin
- Income and schoolingBrückner, Gradstein
- Monetary Policy and Rational Asset Price BubblesGalí