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Two CEPR researchers, Elias Papaioannou and Klaus Zimmermann, have won the first European Investment Bank (EIB) awards in recognition of their respective research on “Growth, employment and convergence, with applications to the European Union", which is the topic of the prize. The EIB Prize, launched this year, was created by the EIB Institute to recognise and stimulate excellence in economic and social research, its implementation and diffusion.
A June meeting of the Centre's Regulatory Reform Forum discussed the impact of low nominal interest rates on the financial sector. Giovanni Dell'Ariccia, José-Luis Peydró, and Philip Turner spoke, followed by a panel discussion chaired by Viral Acharya.
The €-coin indicator fell slightly in June for the second straight month, to -0.18% from -0.15% in May.
In the latest Policy Insight Paolo Manasse argues that Italy's inability to pull itself out of recession is largely due to the "lost decade" of missed reforms, a large competitiveness gap, and earnings growth totally decoupled from productivity. The recent crisis has merely brought to light problems Italy has ignored for too long.
The €-coin indicator fell slightly in May, from -0.10% to -0.15%, the first decrease since August 2012. Contributory factors included the weak signals regarding foreign trade and the performance of GDP in the first quarter of 2013.
An international conference on 26 and 27 May hosted by the Shanghai Forum, the Financial Research Centre (Fudan University), the Federal Reserve Bank of Dallas, CEPR and the Graduate Institute of International and Development Studies.
In April €-coin remained basically unchanged at the marginally negative level registered in March, working out at -0.10%.
Thomas Piketty and Hélène Rey have received the 2013 Yrjö Jahnsson Award of the European Economic Association. This is given every two years to outstanding European economists under the age of 45. Piketty is Co-Director of the CEPR Public Policy programme, and Rey is a Research Fellow of CEPR. Both have made major contributions to the activities of CEPR in addition to their scholarly work.
This in-depth study by CEPR, commissioned by the European Commission's Directorate General for Trade, assesses the potential effects of the EU-US Transatlantic Trade and Investment Partnership. It takes a detailed look at current transatlantic trade and investment flows and existing barriers to these, and then uses economic modelling to estimate the potential impact of different policy scenarios. The study highlights the gains to be made from liberalising EU-US trade, not just for the two trading blocs, but also for the global economy.