Differentiated Carbon Prices in the Electricity Sector: Towards a Cooperative Approach Based on Purchasing Power Parity
Patrick Lenain | 25 August 2023
Fiscal,
Blog | Tags:
Carbon Pricing,
Energy,
Renewables
One in five people lacks access to affordable and reliable power. Properly designed, differentiated carbon prices based on purchasing power parity exchange rates (PPPs) would be a giant step to delivering electricity that is more affordable, secure, and clean.
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Increasing Transparency on Tax Expenditures in Germany
Flurim Aliu,
Robert Grundke and
Christian von Haldenwang | 8 August 2023
Fiscal,
Blog | Tags:
Germany,
Tax Expenditures
As in many other countries, the use of public resources to grant beneficial tax treatments (or tax expenditures) is less well reported and scrutinized in Germany than direct spending.
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From Trilemma to Triple Dividend: Clean, Affordable and Secure Energy
Patrick Lenain | 29 March 2023
Fiscal,
Blog | Tags:
Energy,
Fossil Fuel Subsidies,
Tax Expenditures
Governments seek to achieve simultaneously the three objectives of clean, affordable and secure energy. Some perceive them to be a daunting "Energy Trilemma" and call for energy security and affordability to be prioritised.
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Two Sessions 2023: Reforming China’s Financial Governance
Sebastian Guo and
Peter Knaack | 22 March 2023
Monetary,
Blog | Tags:
China,
Economic Growth,
Financial Stability
Over the past years, China has reformed the governance of its financial system to better serve its development path.
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Inflation Reduction Act vs. Green Deal: Transatlantic Divergences on the Energy Transition
Patrick Lenain | 20 March 2023
Monetary,
Trade,
Blog | Tags:
Decarbonization,
Energy,
Industrial Policy,
Protectionism,
Tax Expenditures
The U.S. Inflation Reduction Act (IRA) has caused significant transatlantic tensions since its signing by Joe Biden in August 2022. The White House aims to break with the country’s high levels of fossil fuel consumption and switch to clean energy - a change that Europeans
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The Digital Transition of Services: Getting Regulation Right From the Start
Hildegunn Kyvik Nordås | 9 March 2023
Trade,
Blog | Tags:
Competition,
Digital Economy,
Innovation,
Privacy,
Services Trade
The digital transition and the introduction of artificial intelligence (AI) in services are blurring the boundaries of both occupations and sectors. At the same time, new or rekindled trade-offs between different regulatory objectives arise, transgressing sectoral and occupational boundaries as we know them. Services regulations,
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Keeping Risks in Check. Towards a Comprehensive Reflection of Climate Risks on Central Bank Balance Sheets
Julia Bingler | 27 February 2023
Monetary,
Blog | Tags:
Asset Purchases,
Central Banks,
Climate Risks,
Financial Governance
Central banks have been highlighting the financial risks from climate change for several years. The fact that they are still not accounting for these risks across all their operations is striking. This must change.
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Does Fintech Promote Entrepreneurship? Evidence from China
Peter Knaack | 24 January 2023
Monetary,
Blog | Tags:
Digital Economy,
Entrepreneurship,
Fintech
Policy moves and public statements in recent years indicate that Beijing seeks to simultaneously support the growth of internet finance platforms and reign in anticompetitive practices and risky behavior.
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Trade Protection – What Impact on Jobs and Wages?
Nicolas Benoit and
Patrick Lenain | 23 December 2022
Trade,
Blog | Tags:
Protectionism,
Trade Liberalization,
Unemployment,
Wages
New research indicates that import tariffs by the US on China increased employment and wages in the targeted industries. The benefits are counterbalanced, however, by several costs to the economy as a whole.
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The Devil in the Detail? Eight Lessons from Tax Expenditure Reporting in Rwanda and Uganda
Hazel Granger,
Kyle McNabb and
Harshil Parekh | 22 November 2022
Fiscal,
Blog | 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.
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