The decision to tax all Cypriot bank deposits has attracted massive attention (Spiegel 2013) – and rightly so. It is a huge blunder:
Cyprus: The next blunder
Charles Wyplosz, 18 March 2013
Aligning energy markets and climate-policy objectives in the EU
Carlo Carraro, Thomas Longden, Giacomo Marangoni, Massimo Tavoni, 27 November 2013
Europe’s commitment to reducing greenhouse-gas emissions has not prevented the paradoxical situation of a revival of coal imports and a reduction of gas consumption. This article reviews recent work on the appropriate measures that need to be implemented to move European energy markets closer to the energy mix consistent with climate-policy targets.
Do European fines deter price fixing?
Mario Mariniello, 22 September 2013
Anti-cartel enforcement is the least controversial of competition-policy themes. Price fixing, market sharing and other agreements to restrict competition have obvious negative effects on welfare.
Eastern European migrants are net contributors – not costs – in the West
Joakim Ruist, 17 September 2013
In 2004 when the EU expanded from 15 to 25 member countries, all EU15 countries except Sweden made use of the possibility to temporarily restrict the new EU citizens’ access to their labour markets and welfare systems for up to seven years. The UK and Ireland only imposed minor restrictions.
Migration and wage effects of taxing top earners: Evidence from the foreigners' tax scheme in Denmark
Henrik Kleven, Camille Landais, Emmanuel Saez, Esben Schultz, 17 September 2013
Tax-induced international mobility of talent is a controversial public-policy issue, especially when tax rates differ substantially across countries and migration barriers are low as in the case of the EU.
Protectionist clouds darken sunny forecast for solar power
Jeffrey Frankel, 7 August 2013
On 27 July negotiators reached a compromise settlement in the world’s largest anti-dumping dispute, regarding Chinese exports of solar panels to the EU. China agreed to constrain its exports to a minimum price and a maximum quantity.
Transport infrastructure and market integration: Lessons from the British industrial revolution
Liam Brunt, Edmund Cannon, 27 July 2013
For many years, the EU has prioritised the funding of large-scale transport infrastructure projects. Between 2007 and 2013 alone, the Trans-European Transport Network programme funded 348 projects at a cost of €7billion (TEN-T Executive Agency 2013). The goal of this investment has been to increase the integration of European markets.
The much-needed EU pivot to east Asia
Patrick A Messerlin, 16 April 2013
The EU is facing formidable challenges. The economic crisis is far from over in many Eurozone and non-Eurozone member states. The EU’s current macroeconomic and budgetary policies are not politically sustainable at the EU’s current anaemic growth rate.
The transatlantic trade talks and economic policy research: Time to re-tool
Simon J Evenett, Robert M. Stern, 21 March 2013
“And tonight, I am announcing that we will launch talks on a comprehensive Transatlantic Trade and Investment Partnership with the European Union – because trade that is free and fair across the Atlantic supports millions of good-paying American jobs”.
Cyprus is different
Marco Annunziata, 20 March 2013
The Cyprus rescue package under discussion, with its tax on bank deposits, has raised strong emotions and triggered fiery and controversial reactions. Some economists and commentators warn that it might spark bank runs in the larger Southern European countries and ultimately result in the disintegration of the Eurozone.
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- 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
Adelman, 28 October 2013
Reichlin, Giugliano, 7 November 2013
Holmes, McGrattan, Prescott
Beck, De Haas, Ongena
CEPR Policy Research
- The buyer margins of firms' exportsCarballo, Ottaviano, Volpe
- Commodity and Equity Markets: Some Stylized Facts from a Copula ApproachDelatte, Lopez
- Ethnic Unemployment Rates and Frictional MarketsGobillon, Rupert, Wasmer
- Finance and Poverty: Evidence from IndiaAyyagari, Beck, Hoseini
- The Manipulation of Basel Risk-WeightsMariathasan, Merrouche
- What’s wrong with Europe?Baldini, Manasse
- 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