Slow growth in Europe has led to a debate over whether structural reforms can be used to raise productivity (see Costello et al. 2009, Crafts 2012). Many countries have tough labour regulations which may be a barrier to growth.
Small isn’t always beautiful: The cost of French regulation
Luis Garicano, John Van Reenen, 30 May 2013
France’s weak economic performance: Sick of taxation?
Balázs Égert, 10 May 2013
France is often labelled these days as one of Europe’s problem children (The Daily Telegraph 2013, Handelsblatt 2013). Indeed, France is one of the OECD countries which has recorded the weakest real per capita income growth over the last two decades or so (Figure 1).
Wine tasting: Is 'terroir' a joke and/or are wine experts incompetent?
Orley Ashenfelter, Olivier Gergaud, Victor Ginsburgh, Karl Storchmann, 1 March 2013
In a paper on terroir, an elusive word coined by French wine growers and traders that means something along the lines of ‘sense of place’, Gergaud and Ginsburgh (2008) show that the differences between natural endowments – region, type of soil and its chemical composition, exposure of vineyards – in the Pauillac, Margaux, Saint-Estèphe, Saint-Julien, and
‘No gain without pain’: Antidumping protection hurts exports
Hylke Vandenbussche, Jozef Konings, 30 January 2013
Protection is often viewed as a powerful instrument to help domestic firms to raise their sales at the expense of foreign importers. But this view is now being challenged by recent research showing that the effects of protection really depend on the international orientation of the firms i.e. whether they are exporters or not.
The (re)location effects of enterprise zones
Thierry Mayer, Florian Mayneris, Loriane Py, 28 September 2012
Spatial inequalities within French municipalities are striking. Some depressed urban areas with low income, high unemployment rate, low level of education and deprived social housing are just a few blocks away from wealthy neighbourhoods. These urban disparities have important social and economic implications.
Sovereign ratings when default can come explicitly or via inflation
Charles A.E. Goodhart, 2 February 2012
The price of children and fertility responses: Evidence from the Israeli Kibbutz
Avraham Ebenstein, Moshe Hazan, Avi Simhon, 2 December 2011
To what extent does economics affect fertility decisions? Ever since Gary Becker’s seminal work on the economics of the family in the 1960s (Becker 1960), economists have argued that money weighs heavily on the minds of would-be parents, and policymakers throughout the world have been heavily influenced by such research.
Refugees from North Africa: A case for cooperation?
Timothy J Hatton, 2 May 2011
The turmoil in North Africa has led to a surge of migrants across the Mediterranean seeking refuge from the conflict.
Reforming Schengen is the wrong response to the Lampedusa crisis
Tito Boeri, 29 April 2011
Lampedusa is a beautiful island closer to North Africa than to Sicily. In the last two months it has been flooded with migrants, mostly coming from Tunisia. The preliminary count is 28,000 arrivals on an island where no more than 5,000 people normally live. It is clearly transit migration.
Low-wage countries competition, intra-firm reallocation, and the quality content of French exports
Julien Martin, Isabelle Méjean, 11 March 2011
In February 2011, China entered the “year of the rabbit” with the new status of second-biggest economy in the world. This symbolises the prominent role in production and trade China and other low-wage countries have acquired during the last two decades. The economic consequence of this new deal is one of the most discussed phenomena in developed countries.
- The case for 4% inflationBall
- The banking crisis as a giant carry trade gone wrongAcharya, Steffen
- Everything the IMF wanted to know about financial regulation and wasn’t afraid to askBair
- Rethinking macroeconomic policy: Getting granularBlanchard, Dell'Ariccia, Mauro
- Iceland’s post-Crisis economy: A myth or a miracle?Danielsson
- 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
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
Baldwin, Kawai, Wignaraja, 11 June 2013
Giavazzi, Portes, Weder di Mauro, Wyplosz
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
- How the EZ crisis is permanently changing EU institutionsMicossi
- WTO 2.0: Global governance of supply-chain tradeBaldwin
- Is US economic growth over? Faltering innovation confronts the six headwindsGordon
- The economic crisis: How to stimulate economies without increasing public debtWood
- Austerity: Too Much of a Good Thing?Corsetti
- Understanding banks in emerging markets5 - 6 September 2013 / EBRD, London / European Bank for Reconstruction and Development (EBRD) and Tilburg University