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Issue: April 2004

Robbie Lonie, CEPR Press Officer

Robbie Lonie, CEPR Press Officer.

You can contact Robbie at:
+44 (0)20 7878 2919 and rlonie@cepr.org

Other articles

EU Needs Fiscal Watchdog to Replace Stability and Growth Pact

Researcher's Viewpoint

Discussion Paper Highlights

EuroCOIN™ this month

Forthcoming CEPR activities

What's going on in the EU

Study Finds Concerns of Pension Funds Losing Value are Exaggerated

Chief Executive's Column

Discussion Papers

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2003 April

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Press Releases

One of our most important goals is to ensure that high quality research on key issues reaches and influences a wide audience. We help journalists identify the best researchers on a given topic, in order to obtain authoritative comment based on high quality research.

31 March 2004

Will Enlargement of the EU Lead to Unemployment in Austria and Germany?

Austrian and German Governments Must Relax Immigration Rules to Prevent Outsourcing to Eastern Europe

24 March 2004

Euro Area Economic Growth Slowdown Confirmed in February

CEPR's EuroCOIN confirms the slowdown of euro-area growth signalled in January by the revised estimation of the indicator for the last few months, and the newly estimated reading for February.

18 March 2004

Employment Effects of Migration to the UK

According to Dustmann, economic theory suggests that workers who compete with immigrants may lose from immigration in the short run, but economic theory is ambiguous whether there are long-run effects of migration. Economic theory also suggests that immigration may generate a surplus for the resident population, but this will mean that some residents lose, while others gain.

27 February 2004

Study Finds ECB has Focused on Real Economic Activity Instead of Inflation Target

Now that Jean-Claude Trichet has taken over the helm at the European Central Bank, the fifth Report in CEPR's Monitoring the European Central Bank (MECB) series looks back at the tenure of former ECB President, Wim Duisenberg, in order to see what lies ahead. The authors of the new CEPR Report argue that the launch of the ECB just over five years ago, estabilishing it as a credible, capable bank was no small feat. However, the authors of MECB Volume 5 believe that the ECB has loftier goals. They argue that there is a considerable chance that monetary policy is currently running off track.

20 February 2004

Distinguished Economists Present Framework for Managing Risk in Financial Markets

The widely publicized failure of large corporations, the losses sustained by pension funds in the recent bear market, and the international crises of the last decade have revealed widespread financial fragility. Executives and policy-makers have intensified their efforts to assess and manage risk as a result. Written by a team of distinguished economists with extensive experience in financial markets, institutions and public policy, the fourth volume in the ICMB/CEPR Geneva Reports on the World Economy

9 December 2003

Study Finds Concerns Of Pension Funds Losing Value Are Exaggerated

In a new CEPR study David McCarthy and Anthony Neuberger 'Pensions Policy: Evidence on Aspects of Savings Behaviour and Capital Markets' review the research that has been done internationally in the area of pensions policy.

4 December 2003

EU Needs Fiscal Watchdog to Replace Stability and Growth Pact

Since the start of European Monetary Union, fiscal conditions in the member states have slipped dramatically. The fiscal policy framework of EMU and the preventative arm of the Stability and Growth Pact, which should preclude excessive deficits in member states and fine any transgressors, have now been suspended. This failure is the result of the problems inherent in using a regime which focuses on arbitrary numerical values and employs sinners to sit in judgement on sinners. The authors of the new CEPR Report Stability and Growth in Europe: Towards a Better Pact argue for the use of living bodies, an independent institutional framework allowing for informed and credible judgment in the short run while preserving sustainable public finances in the long run.

22 September 2003

Business Cycle Dating Committee of the Centre for Economic Policy Research

The Centre for Economic Policy Research has formed a committee to set the dates of the euro area business cycle. Its mission is to establish the chronology of recessions and expansions of the 11 original euro area member countries for 1970-1998 and of the current euro area as a whole since 1999. The euro area currently includes: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain.



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