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Latest Releases

June 24, 2009
New CEPR Paper Assesses the Ecuadorian Economy Under Correa
This paper provides an overview of major macroeconomic and social indicators and policy changes in Ecuador over the two and a half years since President Rafael Correa took office in January 2007. 

June 15, 2009
U.S. Treasury Responds to CEPR's Cost Estimate for IMF Funding; CEPR Responds
The cost of the $108 billion that Treasury wants for the IMF is far greater than the $5 billion figure that was scored by the Congressional Budget Office. It is widely believed that the CBO figure was agreed to as part of a political bargaining process, with the Administration pushing for a zero cost, and the CBO wanting something considerably higher.

June 11, 2009
Better Paid Sick Day Policies Don’t Mean Job Loss
A new CEPR issue brief examines the connection between government-mandated paid sick days and the national rate of unemployment in a sample of 22 highly developed countries. “Despite frequent claims to the contrary from some in the business community, we found no correlation between paid sick days and unemployment,” said John Schmitt, a Senior Economist at CEPR and a coauthor of the report.

May 27, 2009
Economists Who Make the Third Stimulus Honor Roll
Congress will be more likely to move on a third stimulus when economists recognize and speak out about the inadequacy of the second stimulus. In an effort to promote forward thinking by economists, and challenge those who have not yet faced up to the severity of the current recession to examine economic developments more closely, CEPR is keeping an honor roll of economists calling for a third stimulus.

May 22, 2009
New Funds for IMF Approved by U.S. Senate Would Worsen Global Economic Downturn, Economists Say
$108 billion in new funds for the International Monetary Fund (IMF) approved by the U.S. Senate yesterday is not likely to help developing countries counter the world recession. "The only reason that the IMF is getting this money is that no one in the House of Representatives is going to have to vote for it," said economist and CEPR Co-Director Mark Weisbrot.

May 18, 2009
U.S. Lags World in Paid Sick Days for Workers and Families
A new CEPR report finds that the U.S. is the only country among 22 countries ranked highly in terms of economic and human development that does not guarantee that workers receive paid sick days or paid sick leave. Under current U.S. labor law, employers are not required to provide short-term paid sick days or longer-term paid sick leave.  By relying solely on voluntary employer policies to provide paid sick days or leave to employees, tens of millions of U.S. workers are without paid sick days or leave. As a result, each year millions of American workers go to work sick, lowering productivity and potentially spreading illness to their coworkers and customers.  

May 4, 2009
State & Local Budget Shortfalls to Blunt Effect of ARRA
Emerging budget shortfalls across the country are forcing state and local governments to meet budget gaps through a combination of spending cuts and tax increases.  These cutbacks greatly diminish the expected stimulative effects of the American Recovery and Reinvestment Act that was passed in February.  The resulting net stimulus is much smaller than initially expected.

For reports, press releases and commentary on specific issues, see: