Edited by Andrew E. Clark and Claudia Senik, the book compiles contributions by the some of the best-known researchers in happiness economics and development economics, including Richard Easterlin, who gave his name to the 'Easterlin paradox' that GDP growth does not improve happiness over the long run.

The conference – which combined a retrospective on Ireland’s EU-IMF supported program with more forward-looking discussions – aimed to draw lessons for Ireland, the European Union and the IMF, as well as other countries facing similar challenges.

Weak bank lending to the corporate sector, especially small and medium enterprises, and low infrastructure investment are major concerns in Europe.

CEPR, together with Assonime, have set up a new network and started a major research effort aimed at identifying the causes of this investment dearth.

On 19th December, CEPR and the Bank of England hosted a joint workshop to discuss Thomas Piketty’s seminal work ‘Capital in the 21st Century’. Chaired by the Bank’s Chief Economist Andy Haldane, the panel comprised Peter Lindert, Jaume Ventura, Orazio Attanasio and Tim Besley, each of whom presented a paper on inequality and related issues, and Thomas Piketty, who responded to each presenter.

Macroprudentialism is now part of the standard macroeconomic toolkit but it involves a set of relatively untested policies. This new Vox eBook edited by Dirk Schoenmaker collects the thinking of a broad range of leading US and European economists on the matter. A consensus emerges on broad objectives of macroprudential supervision, but important disagreements remain among the authors.

The 16th Global Trade Alert Report, published by CEPR and edited by Simon Evenett of the University of St. Gallen, addresses the impact of protectionist measures introduced since the 2008 global crisis – which it calculates is far higher than previously estimated.

Barbara Petrongolo will take over from Joseph Zweimuller as Director of the Labour Economics Programme from 1 August 2015. She is Professor of Economics at Queen Mary University and Research Associate at the Centre for Economic Performance of the London School of Economics.

Giorgio Primiceri's research focuses on understanding the causes and propagation mechanisms of macroeconomic fluctuations, and the effect of monetary policy on business cycles.

Jean Tirole, a long time CEPR Fellow, received the award for his work on regulating large firms. His work has played a major role in shaping competition policy and mergers control as well as in the analysis of how regulation of large firms can help defend consumers’ interest.

The Trade Policy Research Network (TPRN) – led by Joe Francois (University of Bern) and Bernard Hoekman (EUI) will provide theoretically well-grounded analysis that is directly relevant to policy