Publications

The Devil in the Detail? Eight Lessons from Tax Expenditure Reporting in Rwanda and Uganda

, and | 22 November 2022
Blog, Fiscal | Tags: Fiscal Policy, Tax Expenditures
Tax expenditures (TEs) are used widely around the world. Their role in the fiscal systems of low- and middle-income countries has recently attracted increased scrutiny. ... continue reading

All Hands On Deck To Confront The Energy Crisis

| 15 November 2022
Blog, Trade | Tags: Carbon Pricing, Energy, Fossil Fuel Subsidies
The current energy crisis illustrates once again the importance of reliable, diversified and affordable energy sources. Strong price increases inflict heavy economic damages: if coal, oil and gas retain their recent high prices, global spending on energy will reach 13% of GDP in 2022 – ... continue reading

Is the Current Macroprudential Framework Fit for Climate Systemic Risk?

| 13 November 2022
Blog, Monetary, Publications | Tags: Central Banks, Climate Risk
Climate change and the transition to a low-carbon economy have a clear systemic dimension, and they potentially pose a systemic risk for the financial sector. This has been highlighted by several international and national financial authorities and urgently needs to be addressed. ... continue reading

China’s Structural Monetary Policy Tools: Objectives, Limitations, Unintended Consequences

| 7 November 2022
Monetary, Policy Briefs | Tags: Central Banks, China, Monetary Policy
Central bank interventions have intended and unintended structural effects. A growing number of monetary authorities are acknowledging these structural implications of monetary policy and have started addressing them more actively. In line with this development, the People’s Bank of China (PBC) has introduced a range ... continue reading

Digital Industrialization: Building Internationally Competitive Digital Industries With Global Value Chain Connectivity

, , , , , , and | 14 October 2022
Policy Briefs, Trade | Tags: Digital Economy, Trade Governance
Formulating domestic strategies to develop digital industries and increase participation in fast growing “tech trade” has emerged as a policy priority across the G20. This requires a balancing act between industrialization versus employment objectives, data protection and national security goals versus international competitiveness and openness. ... continue reading