Blog

Green Fiscal Reform Was Not Invited to the G20’s Tango Show

| 1 August 2018
Blog, Fiscal | Tags: Carbon Pricing, Climate Change, Fossil Fuel Subsidies, Latin America
The Argentine G20 presidency has three concrete priorities: jobs, infrastructure, and food security. Strikingly though, carbon pricing was not invited for Tango. Indeed, the absence of carbon pricing as well as green fiscal reform among the list of priorities within this year’s agenda jeopardizes the ... continue reading

The Sunday Program: International Tax Cooperation in the G20

| 20 July 2018
Blog, Fiscal | Tags: G20, Tax Competition, Tax Expenditures
Christine Lagarde suggested in a recent IMF Blog that G20 Finance Ministers and Central Bank Governors should concentrate their efforts on three fields when they meet in Buenos Aires on Sunday: global trade, emerging market vulnerabilities, and the impact of technology on jobs. International tax ... continue reading

Domestic Revenue Mobilization and Tax Expenditures in Developing Countries

and | 11 July 2018
Blog, Fiscal | Tags: Domestic Revenue Mobilization, Tax Expenditures
Domestic revenue mobilization (DRM) is a fundamental component of any sustainable development strategy. This is particularly salient in developing countries where low DRM levels are often one of the most important impediments to inclusive economic growth. Whereas external financing – including, e.g. official development assistance ... continue reading

Financial Stability and Inequality: A Challenge for Macroprudential Regulation

| 5 June 2018
Blog, Monetary | Tags: Central Banks, Financial Regulation, Financial Stability, Inequality, Macroprudential Regulation
The global financial crisis shed new light on the role that central banks play for financial stability. In response to the financial turmoil, central banks took radical action to stabilize the financial system, by providing liquidity to banks and buying up financial assets. Following these ... continue reading

Climate Change Adds to Risk for Banks, but EU Lending Proposals Will Do More Harm Than Good

and | 17 January 2018
Blog, Monetary | Tags: Climate Change, Financial Stability, Macroprudential Regulation
Climate change is a relevant risk factor for the banking sector, but the European Commission's plan to lower capital requirements for greener investments is irresponsible in encouraging banks to forego proper risk management. ... continue reading