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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.

 

Against Amnesia: Re-Imagining Central Banking

and | 10 January 2020
Discussion Notes, Monetary | Tags: Central Banks, Governing Finance
The purpose of the present paper is to identify and challenge contemporary adherence to the core of the prevailing monetary policy consensus. This consensus consists of what we call the... continue reading

Tax Expenditures and Complexity in a VAT System: The Case of Brazil

| 7 January 2020
Blog, Fiscal | Tags: Tax Expenditures, VAT
Despite its known regressivity, the value-added tax (VAT) has been considered a robust tool for development, especially if integrated into a well-implemented tax-and-benefit system. VAT is often considered a neutral... continue reading

Climate Risk and Financial Systems of Latin America: Regulatory, Supervisory and Industry Practices in the Region and Beyond

, , , and | 18 December 2019
Discussion Notes, Monetary | Tags: Central Banks, Climate risk, Financial Regulation, Green Finance, Latin America
In Latin America and the Caribbean (LAC), regional supervisors and regulators have not yet explicitly included nor addressed climate-related risks in binding regulations and/or supervisory measures for the financial sector.... continue reading

Housing Taxation in Europe

, , , and | 18 December 2019
Blog, Fiscal | Tags: Housing, Tax Expenditures
Tax incentives favouring homeownership are widely used in developed economies. Homeownership is often thought to bring a number of positive contributions, from the promotion of households´ saving to enhanced community... continue reading

Climate Risks in Financial Assets

, and | 4 November 2019
Discussion Notes, Monetary | Tags: Asset prices, Climate risk, Climate stress tests
This note reviews the empirical evidence available in the academic literature about the impact of climate-related risks on financial assets. It addresses three main questions: does climate change already affect... continue reading