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Measuring Tax Expenditures in Developing Countries: What is the Role of the G20?

| 26 May 2017
Blog, Fiscal | Tags: Inequality, Tax Competition, Tax Expenditures
For many countries in the developing world, tax exemptions are considered a crucial instrument for stimulating private local investment and, mainly, attracting foreign direct investment (FDI) inflows. According to the point of view that promotes tax expenditures as a convenient tool for achieving these goals, ... continue reading

Why Monetary Policy Should Go Green

| 19 May 2017
Blog, Monetary | Tags: Climate Change, Collateral Frameworks, Green Finance, QE
Monetary policy is rarely a topic in debates on green finance. It should. The €60bn that the European Central Bank is currently injecting into financial markets on a monthly basis are a case in point. Its intervention amounts to nearly three times as much as the ... continue reading

Trade and Jobs in Europe: The Role of Mode 5 Services Exports

, and | 16 March 2017
Blog, Trade | Tags: Employment, Services Trade
From 1995 to 2011, the EU employment supported by exports of goods and services to the rest of the world grew by 67%, reaching a total of 31 million jobs. In a recent research piece we set out to bring to light some key insights ... continue reading

Before We Reform Tax Policy, We Need to Know What Is Working

| 9 March 2017
Blog, Fiscal | Tags: Tax Expenditures
Congress and President Trump are embarking on what is likely to be a major rewrite of the federal income tax code. Yet, neither they nor anyone else knows whether the hundreds of tax preferences embedded in the law accomplish their stated purposes. ... continue reading

Inequality Should Matter for Central Banks

and | 16 February 2017
Blog, Monetary | Tags: Central Banks, Inequality, Quantitative Easing
Central bankers have long been discreet about the links between monetary policy and inequality. They justify this reserve by the fact that their mandates do not charge them with addressing inequality and they generally argue that by providing price stability, central banks maintain the existing ... continue reading