Archive: April 2019

The Low-Skill Losers

| 30 April 2019
Monetary, Blog | Tags: Employment, Federal Reserve, Inequality, QE
The Fed is devoting increasing analytical – if not yet policy-maker – attention to the unequalizing impact of unconventional policy. It’s a start – a major problem besetting central banks in countries without a robust middle class – i.e., the U.S. – is that ... continue reading

The Digital Economy for Economic Development: Free Flow of Data and Supporting Policies

, , , , , , and | 27 April 2019
Trade, Policy Briefs | Tags: Digitalization, Inclusiveness
The digital economy provides ample opportunities for G20 economies to accelerate inclusive economic growth. To take advantage of digital technology, free flow of data backed up by a series of policies to address other public policy objectives must be promoted. However, policies for the flow ... continue reading

Firm Heterogeneity in Services Trade: Micro-Level Evidence from Eight OECD Countries

, and | 18 April 2019
Trade, Working Papers | Tags: Services Trade
This paper shows that smaller and less productive firms, as well as first-time exporters are overproportionally affected by services trade barriers using micro-data from Belgium, Finland, Germany, Italy, Japan, Sweden, the United Kingdom, and the United States. ... continue reading

Fiscal Transparency: The Case of Tax Expenditures in Developing Countries

| 11 April 2019
Fiscal, Blog | Tags: Tax Expenditures
In recent years, more developing countries have started reporting on their tax expenditures, however the quality of reporting needs to improve if it is to usefully contribute to fiscal transparency and the debate on domestic revenue mobilization. ... continue reading

Services Trade for Sustainable, Balanced, and Inclusive Growth

, , , , , , , and | 3 April 2019
Trade, Policy Briefs | Tags: Digitalization, Economic Growth, Services Trade
Structural changes in the world economy have altered the way we think about the nexus between trade and growth. In particular, the rise of the services economy and the digital revolution have rocked the world of trade policy-making in ways that are not nearly sufficiently ... continue reading