The €-coin indicator fell for the fifth month in a row (from 0.24 in February to 0.20 in March), pointing to a further moderation of economic growth in the euro area.

Weekly research highlights from CEPR and

Movements of inflation have become increasingly synchronised internationally, according to a new CEPR study from Jongrim Ha, Ayhan Kose and Franziska Ohnsorge. They find that synchronisation has become significant across all inflation measures since 2001, whereas it was previously prominent only for inflation measures that included mostly tradable goods.

CEPR Discussion Papers 24 March 2019

Weekly research highlights from CEPR and

Thiemo Fetzer and Carlo Schwarz explore whether retaliatory tariffs are politically targeted and, if so, how effective they are. Retaliation has produced substantial economic shocks: US exports of goods subject to retaliation declined by up to $15.28 billion in 2018 and export prices have dropped significantly.

CEPR Discussion Papers 17 March 2019

Weekly research highlights from CEPR and

Dirk Schoenmaker concludes that low carbon allocation can be done without undue interference with the transmission mechanism of monetary policy, but the real question is whether central bankers are prepared to ‘cross the Rubicon’ in support of EU climate policies.

CEPR Discussion Papers 10 March 2019