The Center for Economic and Policy Research

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The Dangers of the Bubble Economy

Ben Bernanke and Alan Greenspan missed and then downplayed the growing bubble in the housing market that led to the current economic crisis. In his new book, False Profits: Recovering from the Bubble Economy, Dean Baker, one of the few economists to warn of the dangers of the housing bubble, outlines reforms and policies to rebuild our financial system. For anyone wanting an honest account of the events and misdirections that led to the worst economic downturn since the Great Depression, False Profits is a must read.

CEPR has launched a new blog to track the multinational Haiti relief and reconstruction efforts with an eye towards ensuring that they are oriented toward the most urgent and important needs of the Haitian people, and that aid is not used to undermine Haitians' right to self-determination.

Fixed Exchange Rate Has Produced World’s Worst Recession In Latvia

The Latvian economy has suffered the worst two-year decline in output on record and will have trouble recovering with its currency tied to the euro, according to a new CEPR report.

Research Tools

	CEPR's Health Care Budget Deficit Calculator Projects future U.S. budget deficits based on lower health care costs of other nations. Updated August 2009.
	Data Bytes CEPR's analysis of government economic data releases (CPI, Jobs, GDP, etc.). Latest release: Jobs Byte, February 5
	Housing Bubble Read the latest research and analysis on the state of the housing market. Latest release: Housing Market Monitor, January 27
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Op-Eds & Columns

Haiti Needs Sunlight and Accountability on Relief and Reconstruction Effort
Mark Weisbrot
The Guardian Unlimited, February 8, 2010
The Budget Deficit Crisis Crisis
Dean Baker
Truthout, February 8, 2010
No Way Out: The Political Constraints Obstructing a U.S. Recovery
Dean Baker
Century Weekly (China), February 1, 2010
Why Washington Cares About Countries like Haiti and Honduras
Mark Weisbrot
The Guardian Unlimited, January 29, 2010 En Español

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Publications

The Unions of the States
February 2010, John Schmitt
Latvia’s Recession: The Cost of Adjustment With An “Internal Devaluation”
February 2010, Mark Weisbrot and Rebecca Ray
Responses to Criticisms of Taxes on Financial Speculation
January 2010, Dean Baker
The Potential Revenue from Financial Transactions Taxes
December 2009, Dean Baker, Robert Pollin, Travis McArthur, and Matt Sherman
Free Ride: The Senate Health Bill’s Approach to “Employer Responsibility” Means Some Large Employers Get to Take It Easy
December 2009, Shawn Fremstad
Taming the Deficit: Saving Our Children from Themselves
December 2009, David Rosnick and Dean Baker
Bolivia: The Economy During the Morales Administration
December 2009, Mark Weisbrot, Rebecca Ray and Jake Johnston

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CEPR in the News

Labor Market Shows Signs of Reawakening in New Data
The New York Times, February 05, 2010

Poof: Another 800,000 Jobs Disappear
CNNMoney.com, February 04, 2010

Hiring Credit May Face Uphill Climb in Congress
MarketWatch, February 04, 2010

Euro Rules Take Bite Out of Peripheral Countries
Real Time Economics (WSJ), February 03, 2010

A Lobo in Sheep’s Clothing?
In These Times, February 03, 2010

President Obama Wants to Extend President Bush's Tax Cuts
WGRZ, Buffalo, NY, February 01, 2010

Too Soon to Say Recovery Will Last
MarketWatch, January 31, 2010

Obama Announces $33 Billion Hiring Tax Credit for Jobs
ABC News, January 29, 2010

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