CEPR

This column analyses over 44,000 working papers over 1980-2023 to assess the evolution of these methods.

This column explores the impact of default risk on policies aimed at breaking the doom loop. According to the authors’ model, factoring in default risk has major implications for the choice and calibration of such policies.

This Policy Brief focuses on possible new Trump tariffs, based on statements made by the President-elect.

The transition to a greener economy will entail reallocating workers from high-polluting to ‘green’ jobs.

This column argues that such drastic behavioural changes render statistical analyses based on normal times ineffective.

This column introduces the notion of pessimism in a real business cycle model. The possibility of waves of pessimism generates countercyclical demand from banks for liquid assets, such as bank reserves.

The pursuit of export-led growth through manufacturing has become increasingly difficult in the face of growing global competition. A shift towards service export-led growth offers new opportunities, but it also demands investments in human capital, infrastructure, and institutional capacity.

This column compares the impact of diverse social protection measures across 32 OECD and EU countries on poverty rates and out-of-pocket expenses among older adults with care needs.

Donald Trump’s victory in the recent US presidential election has re-ignited a debate over the macroeconomic effects of tariffs and the appropriate monetary policy response. This column argues that even if there is broad agreement that new tariffs would likely be inflationary for the US, the current situation presents various factors which suggest that it might be optimal for policy to focus more on the inefficient fall in output.