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The CEPII Newsletter       
March 2015        

The French edition is slightly different as it also includes material available in French only  

Europe Monnaie & Finance Trade & Globalization Migrations Economic Policy Emerging Economies Competitivness & Growth Environment & Natural Ressources

Secular Stagnation: Housing to the Rescue?

In 2013, house prices increased by 8% on average in the world, the highest rate since the end of the 90s, raising fears of a Real Estate bubble comeback and financial instability. The last three expansions of the US economy were indeed fed by financial and real estate booms, bringing Lawrence Summers and Paul Krugman to doubt of the ability to combine sustainable growth and financial stability. Have our advances economies entered a secular stagnation where bubbles are needed to foster growth?
Moritz Schularick, Professor of Economics, University of Bonn and Thomas Grjebine, Economist, CEPII will discuss this topic, April 9, 2015 for the Club du CEPII members.
See also Assessing House Price Effects on Unemployment Dynamics

Non-Tariff Measures (NTMs)

Combining Trade Unit Values from CEPII with a new database on non-tariff measures and the existence of provisions on standards in PTA suggests new evidence on NTMs. >>>
Olivier Cadot, Julien Gourdon

CHELEM - Data 2013

 New data released in March 2015 up to 2013 for the three databases, estimates up to 2019 for populations and GDP CHELEM, CEPII database on the World Economy, provides a complete and coherent representation of international trade flows, balances of payments and world revenues. Available by subscription.

ISSN: 1255-7072
Editorial Director : Christophe Destais
Managing Editor : Dominique Pianelli