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CEPR (European think tank)

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CEPR (European think tank)
NameCentre for Economic Policy Research
Founded1983
FounderRichard Portes
HeadquartersLondon, United Kingdom
Leader titlePresident
Leader nameHélène Rey
TypeThink tank

CEPR (European think tank)

The Centre for Economic Policy Research (CEPR) is a London-based research network founded in 1983 that connects scholars and policymakers across Europe and beyond. It brings together academic economists from institutions such as London School of Economics, Harvard University, Université Paris 1 Panthéon-Sorbonne, Princeton University, and Stockholm School of Economics to produce research relevant to institutions like the European Commission, European Central Bank, Organisation for Economic Co-operation and Development, and International Monetary Fund. CEPR convenes conferences, disseminates working papers, and engages with media outlets including The Economist, Financial Times, and Le Monde.

History

CEPR was established in 1983 by Richard Portes with initial support from scholars at University of Cambridge, University of Oxford, Yale University, and Columbia University to address cross-border questions raised by integration initiatives like the Single European Act and debates following the Oil crisis of 1979–1980. During the 1990s CEPR expanded alongside developments such as the Maastricht Treaty and the creation of the European Monetary Institute, hosting workshops attended by researchers from Bocconi University, Universitat Pompeu Fabra, Humboldt University of Berlin, and University of Warsaw. In the 2000s CEPR increased output on issues related to the Global Financial Crisis of 2007–2008, collaborating with institutions including the Bank of England, De Nederlandsche Bank, Bundesbank, and International Labour Organization. In the 2010s and 2020s CEPR adapted to topics raised by events like the European sovereign debt crisis, the Brexit referendum, and the COVID-19 pandemic, partnering with networks such as IZA Institute of Labor Economics, NBER, Brookings Institution, and Carnegie Endowment for International Peace.

Mission and Activities

CEPR's stated mission emphasizes dissemination of rigorous research to inform debates among bodies like the European Parliament, Council of the European Union, G20, and national ministries including the German Federal Ministry of Finance and the French Ministry of Economy and Finance. Activities include producing discussion papers used by academics at University of Michigan, Stanford University, and University of Chicago; organizing policy forums with representatives from World Bank, Asian Development Bank, and Organisation for Security and Co-operation in Europe; and offering short courses akin to those at Institut d'Études Politiques de Paris and Johns Hopkins University. CEPR also curates events attended by figures from International Monetary Fund, European Investment Bank, NATO, and private sector partners such as Goldman Sachs and McKinsey & Company.

Research Programs and Publications

CEPR maintains thematic programs covering areas comparable to units at Committee on the Status of Women, including macroeconomics, trade, labor, development, finance, public policy, and climate, with researchers affiliated from University of Bonn, University of Amsterdam, Sciences Po, and Tel Aviv University. Publications include the CEPR Discussion Paper series cited alongside working papers from National Bureau of Economic Research, RePEc, and journals like The Economic Journal, Journal of Political Economy, and Quarterly Journal of Economics. CEPR produces policy briefs and VoxEU commentaries referenced by analysts at Reuters, Bloomberg, Agence France-Presse, and Deutsche Welle. Collaborative projects have resulted in edited volumes with publishers such as Oxford University Press, Cambridge University Press, and MIT Press and special issues coordinated with journals edited at London Business School, HEC Paris, and Collegio Carlo Alberto.

Governance and Funding

CEPR is governed by a board and executive committee with leadership drawn from academics at institutions like New York University, University College London, Imperial College London, and University of Zurich. Presidents and directors have included scholars engaged with networks such as European Research Council and advisory roles at Bank for International Settlements. Funding sources comprise membership fees from affiliated professors at universities including King's College London and Universidad Carlos III de Madrid, grants from foundations like Rockefeller Foundation, European Research Council, and Bill & Melinda Gates Foundation, and commissioned projects for entities such as the European Commission and national ministries including the Treasury (United Kingdom). CEPR also receives income from sponsorships involving corporations and philanthropic trusts similar to those supporting programs at Wellcome Trust and Carnegie Corporation of New York.

Influence and Policy Impact

CEPR research has shaped debates over policy episodes such as the European sovereign debt crisis, fiscal responses during the COVID-19 pandemic, and discussions around single-market rules following the Brexit referendum. Work by CEPR affiliates has informed reports at the European Central Bank and testimony before committees of the European Parliament and national legislatures like the United States Congress. CEPR-affiliated studies are frequently cited in analyses by OECD country reports, policy notes from the International Monetary Fund, and briefing papers used in deliberations at the Council of Europe and European Court of Auditors. CEPR conferences have hosted speakers from International Labour Organization, World Trade Organization, UNCTAD, and leading universities such as Princeton University and Columbia University.

Criticism and Controversies

CEPR has faced scrutiny over perceived ties to financial firms and debates about transparency similar to controversies involving think tanks like Center for European Policy Studies and Bruegel. Critics from outlets such as The Guardian and commentators associated with Trade Union Congress and advocacy groups like Friends of the Earth have questioned funding disclosure and potential conflicts resembling issues raised about Chatham House and Institute for Fiscal Studies. Academic debates have involved disputes over methodology in high-profile CEPR papers mirrored in exchanges among scholars at University of Cambridge, London School of Economics, and University of Oxford, and occasional disagreements with analysts from CEPR's peer networks including NBER and IZA Institute of Labor Economics.

Category:Think tanks based in the United Kingdom