Publications

Aligning Central Bank Refinancing Operations with the G20 Agenda

and | 6 October 2021
Monetary, Policy Briefs | Tags: Central Banks, Climate Risk, G20, Targeted Refinancing Lines
Since the Pittsburgh Summit in 2009, G20 leaders have repeatedly highlighted inclusive growth and environmental protection as core objectives in their joint declarations. With the widening of economic inequalities and the acceleration of climate change and biodiversity loss, their calls for action have gained further ... continue reading

Social Tax Expenditures: The Case of Quebec

, , and | 5 October 2021
Blog, Fiscal | Tags: Social Protection, Tax Expenditures
While the world is weathering the COVID-19 storm, the role of sound social protection systems has become even more crucial. Designing social protection expenditures that are fit for purpose and that contribute to coming back stronger while leaving no one behind is imperative. Public intervention ... continue reading

Digital Trade: Top Trade Negotiation Priorities for Cross-Border Data Flows and Online Trade in Services

, , , , and | 16 September 2021
Policy Briefs, Trade | Tags: Digitalization, Services Trade, WTO
This policy brief sets out recommendations to achieve a new multilateral framework of trade rules in the digital arena, thereby facilitating continued digital transformation of services and growth in cross-border flows of data. The present moment is critical. Successful conclusion of World Trade Organization (WTO) ... continue reading

Tax Expenditures—The $1.5 Trillion Elephant in the (Budget) Room

and | 16 September 2021
Blog, Fiscal | Tags: Income Tax, Inequality, Tax Expenditures
The Biden administration FY 2022 Budget proposal includes $2.4 trillion of additional revenue over the next 10 years. Higher tax rates on high-income individuals and corporations account for $990 billion. At the same time, the budget proposes $1.35 trillion of new tax expenditures from exemptions, ... continue reading

Is Artificial Intelligence Coming for Your Job?

and | 13 July 2021
Blog, Trade | Tags: Artificial Intelligence, Employment, Innovation
Artificial intelligence (AI) potentially generates big changes to the way we live and work. In a recent study we simulate the uptake of AI-enabled automation software in engineering and manufacturing. It shows an S-shaped adoption path – slow at the beginning and accelerating as a ... continue reading