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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.
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
Economic Policies for Affordable, Secure and Clean Energy: Synthesis Report
Patrick Lenain | 5 June 2026Fiscal, Policy Briefs | Tags: Decarbonization, Energy, Industrial Policy, Policy Coherence, Tax Expenditures
Recent energy crises, surging electricity demand and accelerating climate change have pushed affordable, secure, and clean energy to the top of policy agendas worldwide. The challenge respects no borders,making cross-country... continue reading
Forget Stablecoins
Burkhard Drees and Sunil Sharma | 2 June 2026Monetary, Commentary | Tags: CBDC, Central Banks, Financial Governance, Stablecoins
Modern banking systems are inherently fragile because they assign to private institutions the contradictory tasks of simultaneously creating money and financing risky lending. Digital innovation amplifies this fragility: stablecoins introduce... continue reading
9th Virtual Meeting of the Community of Practice on Tax Expenditures: Tax Incentives for Investment
11 June 2026 | 14.00-15.30 CEST | OnlineFiscal, Workshops | Tags: Domestic Revenue Mobilization, Industrial Policy, Policy Coherence, Tax Expenditures
Governments around the world make extensive use of tax incentives to promote investment and encourage specific economic and social outcomes.... continue reading