Archive: September 2017

Services Policy Reform and Manufacturing Employment: Evidence from Transition Economies

, and | 13 September 2017
Trade, Working Papers | Tags: Employment, Services Trade
Policy reforms targeting the services sectors are a neglected dimension of the process of structural transformation and economic development. The effects of such reforms on employment across industries as a function of their use of services as intermediate inputs are theoretically ambiguous and remain largely ... continue reading

Trade Policy 2020

Upcoming: 27 October 2017
Conferences, Trade | Tags: Agricultural Trade, Investment Agreements, Services Trade
Global trade is at a crossroads. Liberal tenets of past decades are increasingly being challenged by critical voices, casting doubts over the benefits of further international trade liberalization. The belief in global trade as a driver for economic wellbeing has taken a serious hit - ... continue reading

Is It Time To Take Away The Carbon Punch Bowl?

| 5 September 2017
Blog, Monetary | Tags: Climate Change, Financial Stability, Macroprudential Regulation
Climate change poses serious financial risks. Perhaps the biggest systemic risk is a disorderly transition to a low carbon economy. As noted in the Bank of England’s ‘response to Climate Change’, current forecasts suggest that to keep global average temperatures below 2 degrees, around two-thirds of ... continue reading

Fiscal Policy and Informality

| 1 September 2017
Blog, Fiscal | Tags: Inequality, Pensions, Tax Expenditures
Countries differ from each other in several aspects that need to be considered when designing fiscal policy. The size of the informal sector is a case in point. ... continue reading