CEPII - Accueil

Shooting oneself in the foot? US trade policy coping with Global Value Chains
According to Cecilia Bellora & Lionel Fontagné estimates, the measures already implemented by the trade war would cause significant value-added losses to China (USD 91 billion in the long run), but also to the United States (62 billion), due to the intertwining of global value chains. As in any war, imposing losses on an enemy comes at a high cost. If the tariff war were to escalate, German industry would pay a heavy toll.

May 13, 2019

The "new silk roads": an evaluation essay
(4/4): Obstacles on the road
Michel Fouquin, Jean-Raphaël Chaponnière
China's international expansion follows multiple paths: trade, investment, finance and currency, to focus on the economy. In doing so, it pursues different objectives. The new roads project appears to be the way to provide a flexible framework for China's overall strategy. However, we can question its feasibility.

April 29, 2019

The "new silk roads": an evaluation essay
(3/4): China as a global player in globalization
Michel Fouquin, Jean-Raphaël Chaponnière
A review of China's international activity since 2013 is striking first of all by the speed with which it has made China a major player in globalization in terms of both direct investment and lending to developing countries. The Silk Roads project, which is a unique and unconventional project, appears above all as a means of gradually structuring the Chinese vision of globalization, which combines China's long-term economic and strategic interest.

April 23, 2019

Trade wars and global value chains: Shooting oneself in the foot
Cecilia Bellora, Lionel Fontagné
Since 2018, the US administration has implemented several measures limiting free trade with China and other countries. Using cross-country data and a general equilibrium model, this column argues that a trade war hurts not only the targeted countries but also the country imposing the tariffs. Column first published in VOX.

April 1, 2019

The "new silk roads": an evaluation essay
(2/4): The Belt, Corridors and roads
Michel Fouquin, Jean-Raphaël Chaponnière
Initially Belt and Road Initiative (BRI) focussed on transport infrastructure and pipelines on the one hand and Europe-Asia connectivity on the other hand. It aims at building an Eurasian Belt as well as several corridors leading to maritime roads.

Trade & Globalization

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Money & Finance

Economic Policy

L'économie mondiale 2020 - conférence de présentation
September 11, 2019

Petit-déjeuner débat "Guerres commerciales" avec Sébastien Jean, Directeur du CEPII
September 17, 2019

"The European monetary and financial architecture" with Michala Marcussen, Group Chief Economist and Head of Economic and Sector Research, Société Générale
September 24, 2019

"Brexit countdown" with Iain Begg, Professorial Research Fellow, European Institute, London School of Economics and Political Science
October 15, 2019

The 2019 Euro-Latin Network on Integration and Trade (ELSNIT)
Conference hosted by the CEPII
October 23 - 24, 2019

"Globalisation and international tax competition" by Professor Assaf Razin, Cornell University and Tel Aviv University
November 6, 2019

Immigration in OECD Countries - 9th Annual International Conference ► Call for papers before 10 September 2019
December 12 - 13, 2019

Research seminar "International Sourcing and Employment in Times of Financial Crisis: The Case of France"
July 11, 2019

L'Afrique de l'Ouest: perspectives économiques
July 3, 2019

CEPII Workshop "Interplay between finance and macroeconomics in a global integration context"
July 1 - 2, 2019

19th Doctoral Meetings in International Trade and International Finance
June 27 - 28, 2019

Faut-il désespérer de l'Argentine ?
June 26, 2019

Just Released

Setting the Stage for RMB Internationalization - Liberalizing the Capital Account and Strengthening the Domestic Bond Market
Michel Aglietta, Camille Macaire

Sectoral Reallocations, Real Estate Shocks and Productivity Divergence in Europe: A Tale of Three Countries
Thomas Grjebine, Jérôme Héricourt, Fabien Tripier

Exchange rate pass-through to import prices: Accounting for changes in the Eurozone trade structure
Antonia Lopez-Villavicencio, Valérie Mignon

The transmission channels of unconventional monetary policy: Evidence from a change in collateral requirements in France
Anne-Laure Delatte, Pranav Garg, Jean Imbs

The Exorbitant Privilege of High Tax Countries
Vincent Vicard

International Economics
N°158 - Q2 2019

L’évitement fiscal des multinationales en France : combien et où ?
Vincent Vicard

L’Inde au défi d’ajuster son modèle de développement
Isabelle Bensidoun, Françoise Lemoine

A world more equal, but countries less so?
Isabelle Bensidoun, Grégoire Elkouby

Profits of multinational firms abroad: measurement and impact on their home country
Laurence Nayman, Vincent Vicard

In the Journals

Power-law distribution in the external debt-to-fiscal revenue ratios: empirical evidence and a theoretical model
Journal of Macroeconomics
Gilles Dufrénot, Anne-Charlotte Paret Onorato

Agricultural Trade Liberalization in the 21st Century: Has it Done the Business?
Journal of Agricultural Economics
Sébastien Jean, Houssein Guimbard, Jean-Christophe Bureau

Hot Topics

L’onde de choc du Brexit sur la maison Europe et la France
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In the Databases

Profils Pays / Country Profiles
- Interactive Data 2017 Updated
- Export (.csv) "All countries" for each table/figure

Faut-il ratifier le CETA ? La question qui agite les députés à la veille du vote
Le Monde
Lionel Fontagné