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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.
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
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
From Plans to Reality: Budget Credibility in Sub-Saharan Africa
Pablo Lopez Murphy, Can Sever and Qianqian Zhang | 30 June 2026Fiscal, Blog | Tags: Africa, Tax Expenditures
Budgets are the central policy instrument for articulating government priorities, allocating scarce resources, and determining the fiscal stance. They set out governments’ expectations for revenues, borrowing, and spending based on... continue reading
Tax Expenditures Country Report: Switzerland
Peter Hongler and Agustin Redonda | 23 June 2026Fiscal, Discussion Notes | Tags: GTED, GTETI, Switzerland, Tax Expenditures
Beyond transparency concerns, the absence of robust information undermines the evaluation of tax expenditure effectiveness. Switzerland lags significantly behind international standards in this area ...... continue reading
Country Report on Tax Expenditures in Switzerland: Transparency, Costs and the Need for Reform
23 June | 15.45-19.15 CEST | Bern, SwitzerlandFiscal, Panel | Tags: Switzerland, Tax Expenditures
Tax expenditures serve a wide range of purposes: stimulating investment, supporting social objectives and accompanying structural change are just a few examples. In Switzerland, the last estimate for federal tax... continue reading