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CEP is an international nonprofit, nonpartisan economic policy think tank for sustainability focused on fiscal, monetary and trade policy. If you are interested in learning more about us or getting involved, we’d be delighted to hear from you.

 

Governing Supply Shocks: Central Bank Instruments, Fiscal Space and Financial Resilience

, and | 30 October 2026
Fiscal, Monetary, Policy Briefs | Tags: Energy, Financial Supervision, Global Value Chains, Governing Finance, Novel Risks
Novel risks are expected to intensify supply shocks. This has considerable implications for monetary policy, fiscal space, and financial resilience... continue reading

Tax Expenditures in Germany: Country Report Launched at High-Level Event in Berlin

 | 12 October 2026
Fiscal, News | Tags: Germany, Tax Expenditures
Tax expenditures account for a significant share of government spending in Germany. In 2026, they amount to around 1.7 percent of gross domestic product. This revenue forgone, totaling €76.5 billion,... continue reading (in German)

Tax Expenditures Country Report: Germany

 and | 8 October 2026
Fiscal, Discussion Notes | Tags: Germany, GTED, GTETI, Tax Expenditures
Tax expenditures (TEs) in Germany represent a significant portion of government spending, amounting to 1.7 percent of GDP in 2026. Over the last decade, revenue forgone reported by the German... continue reading

Rethinking Europe’s Climate Insurance Framework

22 September 2026 | Brussels | By Invitation
Monetary, Roundtables | Tags: Climate Change, Europe, Financial Stability, Insurance, Systemic Risks
Europe is the fastest-warming continent and faces mounting economic costs from climate-related disasters. Insurance is central to managing and mitigating these costs. Yet Europe’s protection gap is significant and persistent... continue reading

Asia Beyond Buffers: The Second-Generation Resilience Agenda

 and | 21 September 2026
Monetary, Commentary | Tags: Financial Stability, Novel Risks
Energy, climate and trade disruptions interact with structural shifts in digital finance and artificial intelligence. CEP and AMRO describe a world of novel risks: systemic, deeply uncertain, frequently cross-border and... continue reading

As Supply Shocks Multiply, Monetary Policy Will Shape Corporate Resilience

 | 1 September 2026
Monetary, Commentary | Tags: Central Banks, Energy, Financial Stability, Insurance, Novel Risks
The ongoing disruption of wide-ranging commodities following the closure of the Strait of Hormuz is the latest in a series of supply-side shocks arriving with growing frequency and intensity. When... continue reading

Special Economic Zones and How to Tax Them

, and | 28 August 2026
Fiscal, Discussion Notes | Tags: Industrial Policy, Tax Expenditures
Special economic zones (SEZs) are widely used to attract investment, promote exports, and support industrialization, yet their performance is uneven and often uncertain. This IMF How To Note reviews global... continue reading

Governing Finance for Sustainable Prosperity in Japan

, and | 28 August 2026
Monetary, Policy Briefs | Tags: Central Banks, Financial Regulation, Financial Supervision, Governing Finance, Japan
Japan occupies a singular position in global finance: it is one of the world’s most advanced economies and the one that has most extensively challenged the limits of conventional monetary... continue reading