Centre for Economic and Policy Analysis (CEPA)

Centre for Economic and Policy Analysis (CEPA) combines the research expertise of economists in the Faculty of Business and Law around the theme of the theory and practice of Economic and Public Policy.

Key research areas

The major strength of the CEPA is the interplay between theoretical and empirical analysis, with a strong policy focus. The CEPA consists of a strong core of economic theorists combined with an overlapping pool of more applied researchers. Empirical expertise lies within traditional statistical analysis of both quantitative and qualitative data as well as experimental methods

Clearly defined and well-established research areas are:

• Factor and Product Markets: Health and Labour Economics, and Industrial Policy
• Macroeconomic Policy and Growth
• Political Economy and Public Choice

The three key research areas involve a wide array of topical policy oriented issues.

Within the realm of Labour Economics, key issues include; income inequality, redistribution and poverty reduction; the social security system; ageing; the impact of affirmative action on social inclusion; labour market policy including maternity leave and immigration. In the area of Health, policy oriented topics include analysis of organ markets, obesity, mental health, life satisfaction, dental care and the health insurance system.

Key areas of interest within the Macroeconomic sphere are real interest rates, fiat money in inflationary environments under different market mechanisms, the cost of inflation, micro-credit lending, the impact of tax and education policy on economic growth, and the role of democracy in economic growth.

In terms of Political Economy, key topics include analysis of corruption and regulatory distortions; analysis of disagreement and conflict, optimal punishments, and an analysis of the legal system.

Expertise in these areas is well developed, as evidenced by the publications of the members.