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Press Releases
The releases summarized here are from the
coverage CEPR has received over the last year.
20 January 2003
Euro Area Outlook Stable
Euro area business cycle conditions worsened slightly in December.
EuroCOIN™ decreased from a quarterly rate of 0.474 in November to a rate of 0.394 in December.
06 January 2003
CEPR Founder, Richard Portes, Awarded CBE for Services to Economics
Professor Richard Portes, founder and President of the Centre for Economic Policy Research (CEPR) and Chair of
Economics at London Business School, has been awarded CBE (Commander of the British Empire) in the
Queen's New Years Honours list, for services to economics.
20 December 2002
Euro Area Outlook Stable
Euro area business cycle conditions remain largely stable this month. EuroCOIN(tm) has increased
slightly from a quarterly rate of 0.333 in October to a rate of 0.355 in November.
05 December 2002
Lower Growth Forecasts Call for Rate Cut
This is the Update of the fourth MECB Report published by the same authors in Spring 2002. Since November 2001 the ECB interest rate has been unchanged; its longest period of fixity to date.
27 November 2002
Euro Area Outlook Uncertain But Worst Fears Not Confirmed
Euro area business cycle conditions remain largely stable this month. EuroCOIN has fallen slightly from a quarterly rate of 0.353 in September to a rate of 0.326 in October.
28 October 2002
EuroCOIN Shows Continued Stagnation in Euro Area
In September, the cyclical economic growth of the euro area GDP measured by CEPR’s EuroCOIN indicator increased slightly to 0.404 from 0.355 in August (three months percentage changes).
25 September 2002
EuroCOIN confirms Euro Area growth slowing
In August the cyclical economic growth of
euro area GDP measured by the CEPR's EuroCOIN indicator fell to 0.380
from 0.421 in July (three months percentage changes). This estimate
confirms the signal conveyed in our July release of a slowing of Euro
Area growth.
02 September 2002
Bigger Classes Reduce Future Earnings
New research from CEPR, Discussion Paper No 3397: Class Size, Education and Wages, shows that class size, measured as the pupil-teacher ratio at the school level, has a significant effect on the decision to remain in full time education beyond the minimum age. This finding is very robust and persists when school type variables, exam results and results from past ability tests are controlled for.
27 August 2002
EuroCOIN signals two consecutive months of weakening of euro area cyclical expansion
For the second consecutive month EuroCOIN shows a deceleration of the growth rate. The indicator fell from 0.590 in May to 0.513 in June and to 0.504 in July. From December 2001 throughout the first quarter of the current year, we had a clear signal of cyclical expansion. In April and May, the rate of growth of EuroCOIN stabilized. In June and July it clearly declined.
26 July 2002
EuroCOIN Indicator Shows Economic Growth in Euro Area Slowing
The Euro Area economy showed positive growth for the seventh consecutive month in June. EuroCOIN figures for March, April and May were all revised upwards confirming the positive trend that began in December 2001. However, the figure for June - though provisional and to be interpreted with a degree of caution - signals a decrease in the rate of economic growth, falling from 0.647 in May to 0.624 in June. This signal is consistent with the positive but slower rate of economic growth for March, April and May.
26 June 2002
EuroCOIN Indicator Shows Rise of Economic Growth in Euro Area Slowing
For
the sixth month in a row, the Euro Area economy showed positive growth
in May. EuroCOIN rose to 0.626 in May from a revised figure of 0.591 for
April. The figure for March was also revised upwards to 0.570 and
February upwards to 0.567. These new figures confirm the positive trend
started in December 2001. However, the rise in the rate of economic
growth for the Euro Area slowed during March, April and May.
14 June 2002
Who's Afraid of the Big Enlargement?
The initial enthusiasm of many EU citizens at the 'return to Europe' of former members of the Soviet bloc has turned to anxiety at the realisation of the possible adverse consequences of enlargement. Rather than legitimising the fears surrounding this process, politicians and policy-makers must dispel them by leading the EU to adopt appropriately designed policies. New CEPR Policy Paper, 'Who's Afraid of the Big Enlargement?' sets out the key economic and social implications of the prospective accession of the Central and East European countries into the European Union and proposes policy recommendations for EU enlargement.
30 May 2002
Waiting for Mr Right
New research from CEPR, Discussion Paper No 3388, shows that increasingly wide wage differentials of males in the USA account for around 30% of the marriage rate decline over the last few decades. The evidence presented in the study shows that women will tend to spend longer searching for a husband the greater the inequality of male wages in their locality.
24 May 2002
EuroCOIN Indicator Signals Fifth Month of Economic Growth
For the fifth month in a row, the Euro Area economy showed positive growth in April. Growth has continued to rise after a brief pause in March. EuroCOIN rose to 0.509 in April from revised 0.404 in March and 0.427 in February. The new figure confirms the positive trend started in December 2001.
16 May 2002
Orderly Workouts
Redux: New Mechanisms for Restructuring Sovereign Debt
The IMF (Deputy MD Anne Krueger) and the US Treasury (Undersecretary John Taylor) have proposed procedures for orderly workouts of sovereign debt. This is not just a response to the Argentine debacle - they take account of recent debt restructurings for Ukraine, Pakistan, Ecuador and Romania.
09 May 2002
Hilary Beech - New CEO at the Centre for Economic Policy Research
Hilary Beech has been appointed Chief Executive Officer at the Centre for Economic Policy Research (CEPR), an international research network based in London. Ms. Beech will take up her new post on July 15th 2002. She succeeds co-founder of CEPR, Stephen Yeo.
26 April 2002
Monitoring the European Central Bank Volume 4: Surviving the Slowdown
In 2001 the ECB faced a sharp deterioration in the economic outlook, both globally and in the Euro Area. These circumstances gave the ECB its sternest test to date. Critics have argued that the ECB cut interest rates both too little and too late. Does this stand up to scrutiny? Or did the Fed, by comparison, respond too vigorously; or was the problem simply larger in the US? Does the existence of global linkages justify a role for international coordination of monetary policies?
24 April 2002
The Euro Area Indicator Confirms the Positive Signal of Economic Growth
The rate of growth in the Euro Area was rising in March. For the
fourth month in a row, the Euro economy showed positive growth, confirming that there is a tendency to return to the historical average. This tendency, however, has been weaker in March than in February. Like in the previous month, newly available data have led to an upward revision of €COIN for December, January, and for February, with a very small but positive growth rate for December.
19 April 2002
A Pint a Day Raises a Man's Pay; But Smoking Blows that Gain Away
CEPR Discussion Paper No 3308, to be published on 19th April 2002, relates the wages of individual Dutch men to their smoking and drinking behaviour. This study was conducted by CEPR Research Fellow Professor Jan C. van Ours, Tilburg University, Holland. The data for the research was collected in the week before Christmas 2001 from a sample of 650 working Dutch males, aged 26 - 55 years.
27 March 2002
Euro Area Indicator Confirms Growth in Economic Activity
Growth in the Euro Area rose substantially in February, and there is new evidence that industrial production is also strengthening. Newly available data have led to an upward revision of €COIN for December and January, and the indicator has moved into positive territory for January and February indicating growth in economic activity.
28 February 2002
Indicator provides further evidence of gradual recovery in euro area economy
The latest developments within the euro area economy according to €COIN, the monthly coincident index of the euro area business cycle released on the 28th of each month by CEPR.
28 January 2002
EuroCOIN: A
Real Time Cyclical Indicator for the Euro Area
CEPR will begin the regular monthly
release of EuroCOIN: a coincident index of the Euro Area business
cycle. Forecasters, policy-makers and business will find it an essential
new tool for following the latest developments in the world’s
second-largest economy.
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