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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.
Central Bank Market Neutrality is a Myth
Chiara Colesanti Senni and Pierre Monnin | 16 October 2020Blog, Monetary | Tags: Asset Purchases, Central Banks, Climate Change, Foreign Exchange Reserves, Market Neutrality
Christine Lagarde, the President of the European Central Bank (ECB), this week raised the critical question whether, in view of market failures, market neutrality should remain the guiding principle driving... continue reading
Central Banks Must Heed Their Own Warnings on Climate Risks
Alexander Barkawi | 13 October 2020Blog, Monetary | Tags: Asset Purchases, Central Banks, Climate Risk, Collateral Frameworks
The Central Banks and Supervisors Network for Greening the Financial System (NGFS), a group of more than 70 central banks and financial supervisors across the globe, has repeatedly highlighted that... continue reading
Tackling Inequality Through Tax Expenditure Reform
Agustin Redonda and Rita de la Feria | 24 September 2020Fiscal, Policy Briefs | Tags: G20, Inequality, Tax Expenditures, VAT
Inequality endangers social cohesion and hampers economic growth, and as a consequence of the COVID-19 pandemic, inequality is set to increase. Hence, the commitment of the Group of Twenty (G20)... continue reading
Trade Implications of Tax Expenditures
Agustin Redonda, Irma Mosquera Valderrama, Gilles Carbonnier, Robert Koopman, Rahul Mehrotra and Facundo Calvo | 15 September 2020Fiscal, Policy Briefs, Trade | Tags: Carbon Tax, Digitalization, Illicit Financial Flows, Tax Competition, Tax Expenditures
International trade and taxation are inextricably linked and have been high-priority issues within the Group of Twenty (G20) agenda. However, the interconnections between international trade and tax expenditures—that is, benefits... continue reading
Worthy Goals, Flawed Policies – Why Increasing Tax Deductions for Parents Can be Wrong
Agustin Redonda | 4 September 2020Blog, Fiscal | Tags: Inequality, Tax Expenditures
Tax expenditures (TEs) – also called tax benefits, tax reliefs, or simply tax subsidies – are used widely to pursue different policy objectives, e.g. boosting innovation and R&D, attracting investment... continue reading