Private Enterprise Development in Low-Income Countries (PEDL) is a joint initiative of CEPR and DFID that supports research on the behaviour of firms and enterprises in low income countries. PEDL gives priority to approaches that promise to produce credible research results relevant for policy-making in these countries. The third call for Major Research Grant proposals is now open.The deadline for submissions is March 3rd, 2014.

In November the €-coin indicator was equal to 0.23, a slightly higher level than that of the previous month (0.20).

Marianne Bertrand, Olivier Compte, Francis Kramarz, Thomas Piketty, Andrea Prat, Hélène Rey. Kjetil Storesletten and Gerard van den Berg have been elected as Fellows of the Econometric Society this year.

The economic recovery is well underway in the US, while the Eurozone economy is still struggling. CEPR Policy Insight No. 67 argues that major structural and institutional differences go a long way in explaining this transatlantic divergence.

The €-coin indicator rose to 0.20 in October (from 0.12 in September), recording a positive value for the second consecutive month.

The Euro Area Business Cycle Dating Committee met in Paris on 9 October. The decision to convene was prompted by positive news stemming from a variety of sources about economic activity in the euro area. The Committee decided that neither the length nor the strength of the recovery is sufficient, as of 9 October, to declare that the euro area has come out of recession.

Richard Portes, President of the Centre for Economic Policy Research (CEPR) and Professor of Economics at London Business School, received the degree of Docteur honoris causa from the University of Paris-Dauphine on Thursday 10 October.

On the 21st and 22nd of October 2013, the European Banking Center at Tilburg University will organise its 5th Financial Stability Conference jointly with CEPR.

The aim of this conference is to bring together researchers working on financial stability-related issues. High quality papers of both a theoretical and empirical nature on macro- and microeconomic aspects of financial stability will be presented and discussed.

This high-level, policy-oriented event was organised jointly by London Business School, the Centre for Economic Policy Research, the European Bank for Reconstruction and Development and CEPREMAP.

Speakers and participants included academic economists, lawyers, staff of international institutions and those involved in sovereign debt markets. The meeting comprised four sessions:
1. Cyprus, Greece and implications
2. Eurozone Countries at risk (then and now)
3. Argentina and pari passu
4. Debt restructuring regimes

In September €-coin rose to 0.12 (from -0.04 in August), registering the first positive value in two years.