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.

In February €-coin remained negative (-0.20%), though with a slight improvement of 0.03 percentage points compared with January. The modest improvement is ascribable chiefly to the favourable results of the surveys on industrial firms’ confidence.

In January €-coin rose marginally, to -0.23% from -0.27% in December, after holding basically stable for four months. The modest improvement is ascribable to the easing of tensions on the financial markets, in contrast with a persistently negative contribution deriving from the weakness of manufacturing.

In December the €-coin indicator remained substantially stable, at
negative levels, for the fifth month running (-0.27%, as against -0.29% in

In November €-coin was at -0.29 % (the same as in October). The result reflects the opinions of households and businesses, as recorded by the surveys, which overall remain still unfavourable, though signs of an easing of pessimism emerged in some euro-area countries
less affected by the sovereign debt tensions.

The CEPR Business Cycle Dating Committee has determined that economic activity in the euro area peaked in the third quarter of 2011 and that the euro area has been in recession since then.

CEPR has appointed a new chair and new members to its Euro Area Business Cycle Dating Committee.

This eBook draws together available evidence from HM Government and independent experts about the impact of the Single Market to date.

In August €-coin fell to -0.33% from -0.24% in July. The deterioration was due principally to the growing pessimism of businesses and households, only partially offset by the rise in share prices.