Monetary Policy Reloaded. Towards a New Growth Path in China
Isabelle Jiani Zheng | 19 September 2025
Monetary,
Blog | Tags:
Central Banks,
China,
Economic Growth,
Financial Inclusion In recent months, the People’s Bank of China (PBOC) unveiled a comprehensive series of monetary policy measures and guidance that combines general easing and targeted support mechanisms.
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Tax Expenditures Country Report: United Kingdom
Adrian Sinfield | 17 September 2025
Fiscal,
Discussion Notes | Tags:
GTED,
GTETI,
Tax Expenditures,
United Kingdom Tax expenditures in the United Kingdom result in a considerable release of fiscal resources by central government, little known and off-budget. The official estimated cost comes to 7.6 per cent of GDP in 2023-24, equivalent to a quarter of total tax revenue collected
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From Risk to Resilience. Closing the Climate Insurance Protection Gap
Jérôme Crugnola-Humbert | 8 September 2025
Monetary,
Policy Briefs | Tags:
Climate Risks,
Financial Stability,
Inequality,
Insurance When insurers stop covering climate risks, these risks are transferred onto individuals, businesses, and taxpayers. Insufficient insurance coverage not only undermines the financial system’s ability to absorb shocks but also has wider economic, fiscal, and social repercussions.
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A Macroprudential Approach to Compound Climate Risks
Paul Hiebert and
Pierre Monnin | 5 September 2025
Monetary,
Policy Briefs | Tags:
Climate Risks,
Financial Stability,
Macroprudential Policy,
Systemic Risks Macroprudential authorities can make an integral contribution to a more resilient financial system capable of withstanding the evolving challenges posed by climate change, economic shocks and their complex interplay.
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Addressing Novel Risks, Strengthening Finance, and Building Resilience in ASEAN+3
Julia Bingler and
Aziz Durrani | 1 September 2025
Monetary,
Policy Briefs | Tags:
ASEAN+3,
Central Banks,
Climate Risks,
Financial Regulation,
Financial Supervision Welfare and economic growth in ASEAN+3 depend on the region’s ability to align economic priorities and the effective management of novel risks with the need to address structural challenges, associated transformations and the ability to harness future opportunities.
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How to Move Forward with Green Hydrogen
Patrick Lenain and
Magd Shamashan | 28 August 2025
Fiscal,
Blog | Tags:
Energy,
Renewables,
Tax Expenditures,
Vietnam Green hydrogen is hoped to be a key solution for decarbonising hard-to-abate sectors, notably steel, petrochemicals, and long-haul transport, all large consumers of fossil fuels in Vietnam.
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Bringing Tax Expenditures Into the Debate on Financing for Development
Christian von Haldenwang | 23 July 2025
Fiscal,
Blog | Tags:
Development,
Domestic Revenue Mobilization,
Tax Expenditures Tax expenditures have traditionally been considered an issue governments are supposed to deal with by themselves. This, however, is changing. The recent Conference on Financing for Development (FfD4) FfD4 explicitly refers to tax expenditures in its Outcome Document.
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Tax Expenditures Country Report: Morocco
Fouzi Mourji | 27 June 2025
Fiscal,
Discussion Notes | Tags:
GTED,
GTETI,
Morocco,
Tax Expenditures This country report identifies the main limitations and makes recommendations for improving the transparency and effectiveness of tax expenditure policies.
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U.S. Energy Policy at a Crossroads
Luke Hatton and
Patrick Lenain | 28 May 2025
Fiscal,
Blog | Tags:
Energy,
Fossil Fuel Subsidies,
Renewables,
United States U.S. energy policy is at a crossroads. While both the Biden and Trump Administrations have made energy affordability and security a key priority, their strategies differ drastically.
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Economic Policies for Affordable, Secure and Clean Energy: Insights from the United States
Luke Hatton and
Patrick Lenain | 28 May 2025
Fiscal,
Policy Briefs | Tags:
Energy,
Fossil Fuel Subsidies,
Renewables,
United States In the United States, a diverse range of policy initiatives, many of which can be implemented at the state and local levels, are available to continue the transition towards an affordable, secure, and clean energy system.
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The Global Tax Expenditures Database Keeps Growing: Discover the New Features
Council on Economic Policies | 6 May 2025
Fiscal,
News | Tags:
GTED,
Tax Expenditures The Council on Economic Policies (CEP) and the German Institute of Development and Sustainability (IDOS) released the latest version of the Global Tax Expenditures Database (GTED) with expanded coverage and enhanced functionality. The update incorporates two additional countries, Egypt and Zambia, bringing the total to
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Shedding Light on the Use of Tax Expenditures for Social Spending
Flurim Aliu and
Agustin Redonda | 5 May 2025
Fiscal,
Blog | Tags:
Inequality,
Social Protecion,
Tax Expenditures When we think of government spending on social programmes, we generally picture direct cash transfers, public healthcare, education and subsidized housing. Yet a significant portion of social spending happens outside the traditional budget.
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Hitting the Mark: Design Choices in Targeted Refinancing
Muhammad Qaisar | 17 April 2025
Monetary,
Blog | Tags:
Central Banks,
Targeted Refinancing Lines To target their objectives, central banks have a broad toolbox. Each of their instruments has impacts on a range of their goals and must be calibrated accordingly. The critical role of design choices in targeted refinancing operations is a case in point.
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