Archive: December 2020

Coming Back Stronger – Reforming Tax Expenditures

January, 2021 | Online
Fiscal, Panel | Tags: Consumption Tax, Corporate Tax, Personal Income Tax, Tax Expenditures, Tax Reform
A significant amount of government funding worldwide is channeled through tax breaks, aka “tax expenditures” (TEs), in the form of exemptions, deductions, credits, deferrals, and reduced tax rates. Despite their magnitude and the fact that their net impact on government budgets is the same as direct ... continue reading

Climate Financial Risks: Assessing Convergence, Exploring Diversity

, and | 9 December 2020
Discussion Notes, Monetary | Tags: Climate Risk, Financial Supervision, Monetary Policy Operations, Risk Metrics
Climate risks are now fully recognized as financial risks by asset managers, investors, central banks, and financial supervisors. As a result, the integration of climate risk metrics into risk management processes is moving up agendas worldwide. In that context, a rapidly growing number of market ... continue reading

Central Banks and Inequality – COVID-19 and Beyond

7, 11 and 14 December, 2020 | Online
Monetary, Panel | Tags: Central Banks, Financial Regulation, Inequality, Monetary Policy
A three-part series on “Central Banking and Inequality—COVID-19 and Beyond.” The three discussions will cover the link between inequality and financial regulation, financial market infrastructure, and monetary policy. ... continue reading