Centre for Economic Policy Research
cepr.org
CEPR, established in 1983, is an independent, non‐partisan, pan‐European non‐profit organization. Its mission is to enhance the quality of policy decisions through providing policy‐relevant research, based soundly in economic theory.
👤 Joined on 10 September 2024
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Thomas Lustenberger and Enzo Rossi find that during forward guidance episodes public information proves less accurate than private information. Despite this inaccuracy, forecasters over-rely on public information. cepr.org/voxeu/column...
Show PostThis column reports two leading models writing an econometric script, as a chatbot that never runs it and as an agent that runs and revises it. Letting the models run their code raises the share of correct results from 79% to 97% and makes the prompt and the software matter far less.
Show PostDrawing on new cross-country evidence, Luiz de Mello & Joao Tovar Jalles show that fiscal consolidations launched in high-debt environments are markedly more contractionary, and in more than half of the episodes in the sample the debt ratio was still higher three years after consolidation.
Show PostUsing data on financial policies in 88 democracies between 1973 and 2015, this column shows that leaders facing a binding term limit roll back financial liberalisation roughly three times more than leaders who can run again – but only in the wake of a financial crisis.
Show PostC Barreto, R Grundke, & Z Krill show that workers in high-carbon-intensity sectors face larger earnings & wage losses than workers displaced in other sectors. The nature of carbon-intensive jobs means fewer options for displaced workers w/ similar skill requirements & pay. https://ow.ly/LPKw50ZYl2F
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