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CEP is an international nonprofit, nonpartisan economic policy think tank for sustainability focused on fiscal, monetary and trade policy. If you are interested in learning more about us or getting involved, we’d be delighted to hear from you.
Assessing Tax Expenditure Reporting in G20 and OECD Economies
Agustin Redonda and Tom Neubig | 6 November 2018Discussion Notes, Fiscal | Tags: G20, OECD, Tax Expenditures
Governments worldwide pursue public policy objectives through direct spending and tax expenditures (TEs). Interestingly though, and despite their significant impact on government budgets, TEs are opaque and very often not... continue reading
Investor-State Dispute Settlement: An Anachronism Whose Time Has Gone
Johannes Schwarzer | 24 September 2018Policy Briefs, Trade | Tags: Investment, ISDS, Services Trade
Investor-State Dispute Settlement (ISDS) – a mechanism that allows foreign investors to bring claims against host governments to an international arbitral tribunal – is a postcolonial relic that should be... continue reading
Central Banks Should Reflect Climate Risks in Monetary Policy Operations
Pierre Monnin | 10 September 2018External, Monetary | Tags: Asset purchases, Central Banks, Climate risk, Collateral framework
The transition to a low-carbon economy requires a shift in capital allocation from incumbent carbon-intensive technologies to new low-carbon technologies. Financial markets play a key role in this process:... continue reading
Climate Change and Finance: What Role for Central Banks and Financial Regulators?
Emanuele Campiglio, Yannis Dafermos, Pierre Monnin, Josh Ryan-Collins, Guido Schotten and Misa Tanaka | 7 September 2018External, Monetary | Tags: Central Banks, Climate Change, Environment, Financial Regulation
Climate change poses risks to the financial system. Yet our understanding of these risks is still limited. As we explain in a recent paper published in Nature Climate Change, central... continue reading
Mend It, Don´t End It: The case for upgrading the G20’s pledge on protectionism
Johannes Schwarzer, Simon Evenett, Sait Akman, Axel Berger, Eduardo Bianchi, Carlos Primo Braga, Marcela Cristini, Kamala Dawar, Matthias Helble, Galina Kolev, Jürgen Matthes, Maximiliano Mendez-Parra, Claudia Schmucker, Akihiko Tamura and Tu Xinquan | 3 September 2018External, Trade | Tags: Protectionism, Services Trade
Despite neutering the official monitoring of protectionism, unmistakable evidence assembled from state sources demonstrates that G20 members routinely violate their “no protectionism” pledge.... continue reading
Mitigating the Adjustment Costs of International Trade
Johannes Schwarzer, Clara Brandi, Uri Dadush, Peter Draper, Andreas Freytag, Miriam Kautz, Peter Rashish and Rob Vos | 3 September 2018External, Trade | Tags: Employment
The evidence demonstrating that nations gain from trade is overwhelming. However, trade liberalization can cause disruption to firms and workers, and its gains and losses are spread unevenly. ... continue reading