CEPII - Accueil

The CEPII and the OFCE merged on 1 July 2026

to form the Institut français d'économie (IFE). Affiliated with Sciences Po and operating as an independent and nonpartisan center for applied economic research, it is set to become a leading voice in economic debate both in France and across Europe.

May 12, 2026

United States: The Security Paradox of Trade Decoupling from China
Thierry Mayer, Isabelle Méjean, Mathias Thoening
The growing dependence of the United States on Chinese goods has increased the economic cost of geopolitical disputes with China for the U.S. economy. The United States therefore faces a fundamental security dilemma: while decoupling may strengthen its diplomatic bargaining power, it may also fuel a costly escalation of tensions.

April 9, 2026

Military Alliances: A Major Commercial Stake
Matteo Neri-Lainé
Beyond national security issues, military alliances play an essential role in securing international trade. Their redefinition could lead to a major reorientation of global flows.

March 23, 2026

Characterizing Geopolitical Relationships to Better Understand Trade
Nathan Chevalier, Matthieu Crozet, Charlotte Emlinger, Daniel Mirza
The markedly negative tone of relations with Russia has eased for the American and Chinese superpowers, according to the geopolitical climate indicator “Shade."

March 9, 2026

Economic Integration of Non-European Immigrants: Difficulties That Ease Over Time
Anthony Edo, Jérôme Valette
Within the ten main host countries of the European Union (EU), non-European immigrants (born outside the EU) face notable difficulties in economic integration. With comparable socio-economic characteristics, their employment rate is on average 11 percentage points lower than that of native-born individuals.

Trade & Globalization

Competitiveness & Growth

Emerging Countries

Environment & Natural Resources

LE Graphique – THE Chart

The Redirection of Chinese Exports to Europe

The closure of the U.S. market following Donald Trump’s return to office raises the prospect of a reorientation of Chinese exports toward the European Union. How significant could this shift be? Read more..

EU-US trade dashboard

While the United States are intensifying tariff measures, find the main data on trade between the European Union and the United States on our new dashboard: bilateral trade balance, composition of trade in goods and services, trade exposures by sector, trade protection, dependencies, as well as our main publications on the topic. >>

Analysis and debates

Cryptocurrency Mercantilism and Monetary Sovereignty: the Challenge of US Stablecoins for Europe

The US government is actively promoting cryptocurrencies, especially stablecoins, which are digital assets backed by a reference currency. This strategy goes beyond the national financial framework; it aims to consolidate the global dominance of the dollar and reshape the international monetary order. By favoring dollar-backed stablecoins, the United States hopes to strengthen the influence of its tech giants in payments, and boost demand for dollar-denominated assets, particularly its public debt. The Genius Act provides the legal basis for this approach, in contrast to the European Markets in Crypto-Assets Regulation (MiCAR), which favors consumer protection over the financial risks of stablecoins. The US policy could weaken the efforts of the European Central Bank (ECB) to increase the international role of the euro, and threatens the monetary sovereignty of many countries. To avoid this, the EU would benefit, along with its partners, from defending a multilateral payment system based on cooperation. Continue reading >>

Publications

Les accords de services aériens réduisent-ils les émissions de CO² ?

Quand la citoyenneté s’efface derrière l’origine : le cas des Américains d’origine hispanique devant les tribunaux fédéraux

L’Union européenne sous pression : les droits de douane américains redirigent-ils les exportations chinoises vers l’Europe ?

Immigrants' Regularization and Native Workers' Response

E-Commerce Provisions and Free Trade Agreements

Trade Policy Shocks under the Second Trump Administration

Two Tales of Recent Globalization: With and Without Tax Havens

What Strategy Should the European Union Adopt in the Face of US Protectionism?

Working Around Sanctions. What Cost to Russia?

Health Products in International Trade: a Full-Fledged Industry Grouping

CEPII Region Profiles: indicators, databases and classifications

CEPII Country Profiles: indicators, databases and classifications

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Coming Events

Presentation of the CEPII's and the OFCE's annual publications "The French Economy 2027", "The European Economy 2027" and "The World Economy 2027"
September 22, 2026

16th Annual International Conference on Immigration in OECD Countries
December 10 - 11, 2026

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Past Events

Séminaire compétitivité CEPII-Banque de France : La baisse des impôts de production : ciblage et évaluation
July 9, 2026

IMF's World Economic Outlook 2026:
The Economic Consequences of a Conflict-Prone World
May 5, 2026

Séminaire de recherche du CEPII : "Paying Not to Know: News Avoidance in Times of War"
April 20, 2026

Réfugiés : des immigrés comme les autres ?
April 15, 2026

Le CEPII, partenaire de la Cité de l'économie. Table ronde "Nouvel ordre mondial : où va la géopolitique économique ?"
April 10, 2026

Séminaire de recherche du CEPII : "Domestic Tax Reform, New Inputs, and Productivity: Evidence from Indian Manufacturing"
March 26, 2026

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