Publications

Paris to Nairobi

| 23 December 2015
Blog, Trade | Tags: Climate, India, TPP, TTIP, WTO
Trade negotiations didn’t have the happy ending of COP-21. But they portend major changes for the WTO. This month has witnessed two important events whose outcomes point to different conclusions for the future of multilateral cooperation. While the Paris Agreement belied pessimistic expectations and produced ... continue reading

Boosting R&D through Patent Boxes. Panacea or Not?

| 10 December 2015
Blog, Fiscal | Tags: BEPS, Innovation, Tax Competition, Tax Expenditures
On October 5th, the OECD presented the final package of the OECD/G20 Base Erosion and Profit Shifting (BEPS) initiative – a cornerstone in the international drive towards corporate tax reform. ... continue reading

The Distributional Implications of the Crisis and Policy Responses

| 8 December 2015
Blog, Monetary | Tags: Inequality, QE
The conduct of monetary policy over the last few years is totally unprecedented. Efforts have been made to influence all parts of the term structure of interest rates and credit spreads as well. Policy rates have been reduced essentially to zero. Forward guidance has also ... continue reading

Save our Steel! Save our Jobs?

| 13 November 2015
Blog, Trade | Tags: Anti-Dumping, China, EU, Steel, Tariffs
EU member States have recently intensified their calls upon the European Commission to deploy trade defence measures to stem the rising tide of cheap imports of steel from China. It is contended that the slowdown of the Chinese domestic economy has prompted steel manufacturers to ... continue reading

Looking for a Way out the Subsidies Labyrinth in Argentina

| 16 October 2015
Blog, Fiscal, Monetary | Tags: Energy, Inflation, Subsidies
In the midst of a heated electoral campaign, subsidies are at the centre of the political debate in Argentina. Shock or gradual approaches to reform those transfers have emerged as the buzzwords of the moment as the presidential race heats up. ... continue reading