Centre for Economic Policy Research (CEPR)
Asset fire sales spread shock to emerging markets
A paper from the Centre for Economic Policy Research shows that financial shocks spread from developed to emerging economies through portfolio reallocations in the crisis
Leverage and productivity in emerging European economies
A Centre for Economic Policy Research paper published in December argues that while moderate leverage increases growth, excess leverage can dampen it
Benefits and limitations of transparency
A Centre for Economic Policy Research paper argues that while increases in transparency yield significant benefit at low levels, diminishing returns set in at higher levels
Fed does not respond to oil price shocks: CEPR paper
CEPR paper argues against the standard view that Fed’s policy responses to oil-price-led inflation caused economic instability
Central banks should have control over credit
Two economists argue in support of a role for credit in central banks’ mandate, and analyse the claim that financial crises are “credit booms gone wrong”
‘Nothing to fear but FEER itself’: CEPR paper
Centre for Economic Policy Research paper argues that there are payoffs to be had with the more sophisticated versions of carry trade strategies
Towards a new Plaza Accord?
The explosive growth in Asian reserves puts a premium on international action to redress global imbalances. By Jean-Jacques Rey.