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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.
10th Virtual Meeting of the Community of Practice on Tax Expenditures: Special Economic Zones
Upcoming: 3 September 2026 | 14.00-15.30 CEST | OnlineFiscal, Workshops | Tags: Economic Growth, Industrial Policy, Tax Expenditures
The session will explore the use of tax incentives in Special Economic Zones, drawing on international evidence, practical guidance, and country-level experience.... continue reading
Bank of Japan Survey Reveals the Fragility of Climate-Risk Pricing
Matthew Poggi | 25 August 2026Monetary, Commentary | Tags: Central Banks, Governing Finance, Japan, Systemic Risks
The Bank of Japan’s fifth "Market Functioning Survey concerning Climate Change", released on June 5, found that respondents’ assessment of how well climate-related risks and opportunities are reflected in equity... continue reading
Changing Engines, Different Cycles: Monetary Policy in China and Europe
Isabelle Jiani Zheng | 20 August 2026Monetary, Blog | Tags: China, Economic Growth, Europe, Macroprudential Policy
At the aggregate level, China and Europe are in very different macroeconomic phases. China continues to face weak domestic demand and persistently low inflation, while Europe is confronting renewed inflationary... continue reading
Japan’s GX Wager Will Test Its New Fiscal Doctrine
Matthew Poggi | 16 August 2026Monetary, Commentary | Tags: Energy, Fiscal Rules, Industrial Policy, Japan
Japan's Green Transformation strategy aims to reduce energy dependence and support strategic technologies, without compromising fiscal control. The key challenge is ensuring government-backed capital delivers genuine economic and environmental returns... continue reading
Rethinking Europe’s Climate Insurance Framework
Upcoming: 22 September 2026 | Brussels | By InvitationMonetary, Roundtables | Tags: Climate Change, Europe, Financial Stability, Insurance, Systemic Risks
Europe is the fastest-warming continent and faces mounting economic costs from climate-related disasters. Insurance is central to managing and mitigating these costs. Yet Europe’s protection gap is significant and persistent... continue reading
How Southeast Asia’s Central Banks Can Meet the Climate Challenge
Vinod Thomas and Muhammad Qaisar | 5 August 2026Monetary, Commentary | Tags: ASEAN, Central Banks, Climate Risks, Targeted Refinancing Lines
Climate change is creating greater price and financial instability across Southeast Asia, from supply chain disruptions to increased default risks. Operating within their traditional mandates, the region’s central banks are... continue reading
Bank of Japan’s Independence Reinforces Sanaenomics’ Credibility
Matthew Poggi | 29 July 2026Monetary, Blog | Tags: Central Banks, Governing Finance, Japan
Japan’s annual economic policy blueprint rarely moves markets. This year’s did, even before it was finalised. An early draft of the Sanae Takaichi administration’s ‘Basic Policy on Economic and Fiscal... continue reading
Entrepreneurship or Income Reclassification? Responses to Preferential Taxation of Business Income in Poland
Justyna Klejdysz and Tom Zawisza | 29 July 2026Fiscal, Blog | Tags: Employment, Entrepreneurship, Poland, Tax Reform
Governments often tax small business income at lower rates than employment income. The rationale is often that entrepreneurship generates positive spillovers in terms of innovation, investment, and employment.... continue reading