Blog Profile / Vox


URL :http://www.voxeu.org
Filed Under:Business & Finance / Economics
Posts on Regator:3093
Posts / Week:6.5
Archived Since:August 14, 2008

Blog Post Archive

Short-term impact of Brexit on UK exports

More than a year has passed since the UK voted for Brexit. This column analyses the short-term fallout of trade in goods due to potential changes in trade policies. It argues that if the UK fails to secure a new trade deal with the EU and must face tariffs with no preferences, total UK's exports to the EU would drop by at most 2%. Show More Summary

The real costs of free university

The question of who should pay for higher education continues to be hotly debated across the world. This column uses the case of the English higher education system to examine whether it is possible to charge relatively high tuition fees and at the same time protect enrolments, access, and university quality. Show More Summary

Consumption-boosting effects of the Tokyo Olympics and Paralympics

Studies predicting a substantial impact of the 2020 Tokyo Olympic games on the Japanese economy have tended to overlook substitution effects in spending as well as the characteristics of those who are expected to increase their spending. Show More Summary

323 years of UK national debt

A new dataset for the market value of British government debt makes a long-run analysis of fiscal sustainability and debt management possible. It shows that the 20th century saw a shift to financing debt by inflation and low bondholder returns, rather than through fiscal surpluses. Show More Summary

On city size and economic growth

Big cities have historically been seen as an important prerequisite for a country’s economic growth. In recent decades, however, developing countries have rapidly urbanised, and large cities are increasingly found in relatively poor countries. Show More Summary

Four proposals to help commodity exporters cope with price volatility

Financial markets have done little, if anything, to moderate the impact of commodity price volatility on the exporting countries. This column reviews four proposals to make exporters less vulnerable to volatility – two attempts at appropriate financial engineering, and two attempts at countercyclical macroeconomic policy. Show More Summary

Brexit: The economics of international disintegration

While we can estimate the economic impact of Brexit, we do not yet understand what made people vote for it. This column argues that political pro-Brexit rhetoric conflates two distinct hypotheses that have different policy implications. Show More Summary

Central bank evolution and innovation

The role of central banks in monetary policy and financial stability has changed radically over time. This examines the similarities and idiosyncrasies of ten central banks, and also considers how inflation might have looked had theShow More Summary

Bail-ins and bailouts: Incentives, connectivity, and systemic stability

Worried about the cost of public bailouts, governments have proposed bail-ins whereby banks contribute to rescuing their debtors. This column analyses the conditions under which bail-in strategies can be credibly implemented, showing that this heavily depends on the network structure. Show More Summary

Brexit – a cry of financial pain, not the influence of the old

There has been much debate on the determinants of the vote for Brexit. This column uses newly released data from the Understanding Society study to examine the characteristics of individuals who were for and against Brexit. Unhappiness...Show More Summary

Labour market-based knowledge spillovers

The productivity benefits of similar firms locating near one another are well accepted, but there is little agreement on how knowledge spillovers have local effects. This column presents evidence from Italy of how firm-to-firm labour mobility enhances the productivity of firms located near other, highly productive firms. Show More Summary

Making globalisation more inclusive

Globalisation and technological change present policymakers with tremendous challenges in sustaining benefits while containing the dislocations and polarisation that are plaguing many countries. This column argues that the answer is not to roll back these forces, but rather to redouble efforts to make globalisation genuinely inclusive. Show More Summary

Evidence-based policy to boost skills in Latin America and the Caribbean

Skills-development policies are needed in Latin America and the Caribbean to close the region’s productivity gap with the rest of the world, and at the same time help close the gap between those who began life with and without advantages or opportunities. Show More Summary

Global risks from rising debt and asset prices

The outgoing German finance minister, Wolfgang Schäuble, has recently expressed concerns about the risks posed to the world economy by high levels of debt. This column presents the latest Centre for Macroeconomics and CEPR survey ofShow More Summary

International value-added linkages in development accounting

A large portion of international income differences remains poorly understood. It is traditionally attributed to cross-country differences in total factor productivity, which cannot be measured directly. This column argues that the importance...Show More Summary

The spread of populism in Western countries

Populism – on both the left and right – has recently become a powerful force in western politics. This column uses individual data on political attitudes to argue that economic drivers are the most important factors influencing the demand for, and supply of, populist parties. Show More Summary

Racial segregation and Southern lynching

Lynchings in the American South reached their peak in the 1890s, but their impact persists today. This column applies a new measure of segregation to data on the incidence of lynchings to confirm earlier findings that counties with larger...Show More Summary

Monetary easing and the Bank of Japan's balance sheet

Japan continues to struggle with sluggish inflation despite recent economic growth. This column discusses the impact of the Bank of Japan’s normalisation monetary easing on the economy, and also specifically on the Bank’s balance sheet. Show More Summary

Ten years after the crisis: Looking back, looking forward

The Global Crisis started ten years ago and proved a turning point in global economic policy. CEPR organised a high-level conference to discuss the whether the regulatory reaction has been sufficient and where the next crisis might come from. Show More Summary

Richard Thaler, Nobel laureate

Richard Thaler of the University of Chicago has been awarded the 2017 Nobel Prize in Economic Sciences “for his contributions to behavioural economics”. This column, written by one of his early co-authors, provides a personal perspective...Show More Summary

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