Center for Economic and Policy Research

History

Politically, CEPR has been described as both progressive and left-leaning.

Issues

United States

Healthcare

CEPR supports the Affordable Care Act (ACA) stating that it is "a family-friendly policy" and that the policy "has allowed thousands of workers to voluntarily reduce their work hours to care for children or elderly parents, or to explore new opportunities." Despite the increase in the percentage of workers employed on a part-time basis, CEPR concluded that such statistics were not sufficient to make any overall judgments on the health of the labor market.

Employment

CEPR backs alongside the Economic Policy Institute (EPI) the Full Employment Caucus, a group on United States House officials that advocate for full employment in the United States.

Minimum wage

A 2014 study by CEPR shows that 13 states that increased their minimum wage had an average payroll of 0.99% compared to 0.68% in other states, though the CEPR stated the analysis was "far from scientific". In response to criticism of President Joe Biden's support for a $15 minimum wage, Baker calculated that, had wages risen alongside increases in productivity since 1968, the minimum wage would be around $24 an hour. This was later revised to $21.50 per hour on March 16, 2022, after a spreadsheet error was found and corrected.

Taxes

In a 2014 report in Fortune, CEPR co-founder Dean Baker suggested that according to poll findings, many citizens of the United States did not notice a 2% increase in their Social Security tax.

Latin America

CEPR has been supportive of left-leaning governments in South America.

Brazil

In 2008, Brazilian Foreign Secretary Celso Amorim cited CEPR's work to explain why Brazil had no interest in signing a free trade agreement with the United States. He said that the CEPR report concluded that the most severe impacts from the 2008 financial crisis would be suffered by those economies most integrated to United States, those that have free trade agreements with the US.

Venezuela

CEPR and its founder Mark Weisbrot have analysed and often written about the crisis in Venezuela. In an October 2012 op-ed for The New York Times, Weisbrot wrote "[a]lthough some media have talked of Venezuela’s impending economic collapse for more than a decade, it hasn’t happened and is not likely to happen." In a July 2014 article, for Fortune, Weisbrot said the Venezuelan economy had performed well for the period from 2004, when the government gained control of the oil industry from the opposition, to 2012. He stated that, during the past two years, however a number of problems like the inflation and a shortage of essential consumer goods worsened. He said many problems are connected to the exchange rate system and for the things to get better, the government would have to bring inflation down and manage the transition to a new exchange rate regime. In a June 2016 article in The New York Times, Weisbrot wrote that "Washington has caused enormous damage to Venezuela in its relentless pursuit of 'regime change' for the last 15 years." He suggested the US end its intervention, which he said included economic sanctions, funding of opposition groups and refusal to accept presidential election results.

Bolivia

in 2019, CEPR criticized the Organization of American States (OAS)'s audit of the 2019 Bolivian general election, which concluded that the results of the elections should be voided because there were "drastic and hard-to-explain change in the trend of the preliminary results after the closing of the polls". Weisbrot wrote that the report "provides absolutely no evidence — no statistics, numbers, or facts of any kind — to support this idea", and called on the OAS to retract its press release.

CEPR commissioned researchers at the MIT Election Data and Science Lab, John Curiel and Jack R. Williams, to independently verify their work on the 2019 Bolivian election. The MIT researchers published a statistical analysis on 27 February 2020, confirming the results of the CEPR study and finding that there was no "statistical evidence of fraud that we can find — the trends in the preliminary count, the lack of any big jump in support for Morales after the halt, and the size of Morales’s margin all appear legitimate. All in all, the OAS's statistical analysis and conclusions would appear deeply flawed" and that "it is highly likely that Morales surpassed the 10-percentage-point margin in the first round" as originally presented. Several left-leaning governments like Argentina under Alberto Fernandez cited the CEPR report as a reason to support the old Bolivian president Morales, while right-leaning governments like Brazil under Jair Bolsonaro backed the OAS. The OAS dismissed the report as "neither honest, nor fact-based nor comprehensive" and called it "unscientific". Three researchers from the University of Pennsylvania further criticised the OAS report in a study and according to the New York Times the OAS consultant refused to share the data or methods of the OAS analysis, while an expert from the University of Miami like the OAS stated there was fraud in the election. Two economists from the Mercatus Center and the College of Business and Entrepreneurship, writing for Project Syndicate, argued that the assumptions of the study of the MIT scientists commissioned by CEPR, were questionable for methodological reasons.

Personnel

CEPR's staff includes Ha-Joon Chang, Eileen Appelbaum, John Schmitt and Deborah James.

CEPR contributors include Advisory Board Members Joseph Stiglitz and Robert Solow.

As of 2017, CEPR's Board of Directors includes:

• Dean Baker
• Walden Bello
• Chuck Collins
• Teresa Ghilarducci
• Danny Glover
• Robert Pollin Julian Bond served as CEPR's Board Chair in the past.

References

References

1. (9 May 2013). "Center For Economic And Policy Research - Nonprofit Explorer".
2. "About CEPR".
3. (4 November 2007). "The Perils Of Petrocracy". [[The New York Times]].
4. (7 September 2015). "Are Women the New Face of Organized Labor?". [[The Wall Street Journal]].
5. (24 July 2013). "Obamacare won't slash workers' hours, report finds".
6. Dolny, Michael. (March 2008). "The Incredible Shrinking Think Tank".
7. (2 October 2014). "Obamacare at one year: a birthday assessment".
8. (August 7, 2015). "Dean Baker: There's a Big Economic Benefit to Obamacare That Isn't Getting Much Attention". Bloomberg.
9. (18 September 2015). "Senior Democrat Has A New Plan To Trim Unemployment". [[The Huffington Post]].
10. (7 July 2014). "Study: States that raised minimum wage had stronger job growth". USA Today.
11. Schwarz, Jon. (2021-03-05). "Forget $15 an Hour — the Minimum Wage Should Be $24".
12. Baker, Dean. (16 March 2022). "CORRECTION: This is What Minimum Wage Would Be If It Kept Pace with Productivity".
13. (30 September 2014). "The tax hike that almost nobody noticed". Fortune.
14. (2020-02-29). "M.I.T. Researchers Cast Doubt on Bolivian Election Fraud".
15. (4 April 2008). "Diversified markets have cut Brazil's exposure to US crisis". MercoPress.
16. Weisbrot, Mark. (2012-10-09). "Opinion {{!}} Why Chávez Was Re-elected". The New York Times.
17. "How to fix Venezuela's troubled exchange rate".
18. "How to save Venezuela". The New York Times.
19. Beeton, Dan. "OAS Should Retract Its Press Release on Bolivian Election, CEPR Co-Director Says Press Releases CEPR".
20. "Analysis of the 2019 Bolivia Election". CEPR.
21. (27 February 2020). "Bolivia dismissed its October elections as fraudulent. Our research found no reason to suspect fraud.". The Washington Post.
22. (2020-02-28). "US centre: No evidence of fraud in Bolivia's October polls - Evo Morales News".
23. "Bolivia after the ouster of Evo Morales, a leftist strongman". The Economist.
24. Laing, Aislinn. (2020-03-02). "Study casting doubt on Bolivian election fraud triggers controversy".
25. (7 June 2020). "A Bitter Election. Accusations of Fraud. And Now Second Thoughts.". The New York Times.
26. Escobari, Diego. (2020-03-17). "Bolivia's Electoral Fraud Reckoning | by Walter D. Valdivia & Diego Escobari".
27. (30 January 2007). "Ha-Joon Chang". CEPR.
28. "Eileen Appelbaum". CEPR.
29. "Eileen Appelbaum".
30. "Deborah James".
31. "Staff". CEPR.
32. "Joseph Stiglitz and Robert Solow". CEPR.
33. (March 2017). "Board of Directors". Center for Economic and Policy Research.
34. "Center for Economic and Policy Research - GuideStar Profile".