Publications

Greening Financial Governance: Lessons from China

| 13 January 2022
Discussion Notes, Monetary | Tags: China, Governing Finance, Green Finance, Macroprudential Regulation, Monetary Policy
China’s turn towards green financial governance has causes and consequences that are instructive for policymakers elsewhere. This paper traces the evolution of rules and regulations designed to guide China’s financial system towards supporting green firms and projects since the 1990s. It outlines four domestic reasons ... continue reading

Double Whammy? The Impact of Trade and Automation on High-Skilled Jobs

and | 10 January 2022
Blog, Trade | Tags: Artificial Intelligence, Employment, Services
As Artificial Intelligence (AI) capabilities for language, speech and image recognition pass human levels, AI-enabled software can perform white collar tasks previously done exclusively by high-skilled humans. Furthermore, white collar jobs in rich countries could face a double whammy. Not only may AI-enabled automation transform ... continue reading

From Budgetary to Tax Expenditures: Tackling Social Protection in Quebec, Canada

, and | 7 January 2022
Discussion Notes, Fiscal | Tags: Social Protection, Tax Expenditures
In his 2018 article "Reimagining Social Protection" Michal Rutkowski, the World Bank's Global Director for Social Protection and Jobs, highlighted the need for new social protection systems that retain their original purpose of fighting poverty, helping households manage uncertainty, and ultimately sparking a more efficient ... continue reading

Trade and Consumer Prices: The Role of Competitive Transport, Communication, and Distribution Services

| 21 December 2021
Blog, Trade | Tags: Competition, Inflation, Services Trade
The recent spike in consumer price inflation has amply demonstrated that transport, logistics and distribution play a major role in bringing goods from producers to consumers in a timely and cost-effective manner. Conversely, when choke points in the logistics supply chain arise, prices skyrocket (Figure ... continue reading

The WTO is Back in Business?

| 10 December 2021
Blog, Trade | Tags: Services Trade, Trade Governance, WTO
The building on Lake Geneva which houses the WTO stands as the symbol of the multilateral trading system and the bastion of global non-discrimination in trade governance. Meetings held under WTO auspices, whether physical or virtual, attract global participation by all trading partners. No other ... continue reading