The Low-Skill Losers
Karen Petrou | 30 April 2019
Monetary,
Blog | Tags:
Employment,
Federal Reserve,
Inequality,
QE
The Fed is devoting increasing analytical – if not yet policy-maker – attention to the unequalizing impact of unconventional policy. It’s a start – a major problem besetting central banks in countries without a robust middle class – i.e., the U.S. – is that
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The Digital Economy for Economic Development: Free Flow of Data and Supporting Policies
Lurong Chen,
Wallace Cheng,
Dan Ciuriak,
Fukunari Kimura,
Junji Nakagawa,
Richard Pomfret,
Gabriela Rigoni and
Johannes Schwarzer | 27 April 2019
Trade,
Policy Briefs | Tags:
Digitalization,
Inclusiveness
The digital economy provides ample opportunities for G20 economies to accelerate inclusive economic growth. To take advantage of digital technology, free flow of data backed up by a series of policies to address other public policy objectives must be promoted. However, policies for the flow
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Firm Heterogeneity in Services Trade: Micro-Level Evidence from Eight OECD Countries
Sebastian Benz,
Dorothée Rouzet and
Francesca Spinelli | 18 April 2019
Trade,
Research Papers | Tags:
Services Trade
This paper shows that smaller and less productive firms, as well as first-time exporters are overproportionally affected by services trade barriers using micro-data from Belgium, Finland, Germany, Italy, Japan, Sweden, the United Kingdom, and the United States.
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Fiscal Transparency: The Case of Tax Expenditures in Developing Countries
Mario Mansour | 11 April 2019
Fiscal,
Blog | Tags:
Tax Expenditures
In recent years, more developing countries have started reporting on their tax expenditures, however the quality of reporting needs to improve if it is to usefully contribute to fiscal transparency and the debate on domestic revenue mobilization.
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Services Trade for Sustainable, Balanced, and Inclusive Growth
Carlos Primo Braga,
Jane Drake-Brockman,
Bernard Hoekman,
J. Bradford Jensen,
Patrick Low,
Hamid Mamdouh,
Pierre Sauvé,
Johannes Schwarzer and
Sherry Stephenson | 3 April 2019
Trade,
Policy Briefs | Tags:
Digitalization,
Economic Growth,
Services Trade
Structural changes in the world economy have altered the way we think about the nexus between trade and growth. In particular, the rise of the services economy and the digital revolution have rocked the world of trade policy-making in ways that are not nearly sufficiently
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Taxation in Aging Societies – Increasing the Effectiveness and Fairness of Pension Systems
Agustin Redonda,
Vincenzo Galasso,
Mark Mazur,
Miranda Stewart and
Matthew Whittaker | 27 March 2019
Fiscal,
Policy Briefs | Tags:
Inequality,
Pensions,
Tax Expenditures
Population aging is accelerating worldwide and has significant socio-economic implications, including a decline in the size of the labour force, an increase in the age-dependency ratio and a redistribution of income and wealth. Hence, the redesign of pension systems has become a priority. Taxation is
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Civil Society Groups Across Latin America Are Starting to Question Tax Expenditures
Paolo de Renzio and
Alexandre Ciconello | 21 March 2019
Fiscal,
Blog | Tags:
Tax Expenditures
How governments raise the revenues they need to support public spending is a fundamental aspect of public finance. Despite this, taxation has been the focus of limited analysis and action by civil society groups around the world, especially in developing countries. But in recent years,
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Central Banks and the G20 Agenda. Ensuring Policy Coherence
Alexander Barkawi and
José Siaba Serrate | 21 March 2019
Monetary,
Blog | Tags:
Central Banks,
G20,
Governing Finance
The G20 has come a long way in pulling economies back from the brink. Yet, a lot remains to be done in its pursuit of inclusive and sustainable growth. Productivity growth is sluggish, unemployment remains well above pre-crisis levels, inequality is hitting record highs, and
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Changing Landscapes for Central Banks and Financial Regulators
William White | 14 March 2019
Monetary,
Discussion Notes | Tags:
Central Banks,
Governing Finance
This discussion note is an extended version of the introductory comments shared by the author at a CEP roundtable on “Governing Finance and Sustainability” in January 2019. It addresses in order the four issues raised in the convening’s agenda. First, what are the historical origins
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Central Banks and the G20 Agenda: Ensuring Policy Coherence
Alexander Barkawi and
José Siaba Serrate | 14 March 2019
Monetary,
Policy Briefs | Tags:
Central Banks,
Inclusiveness,
Sustainable Development
The G20 has come a long way in pulling economies back from the brink. Yet, a lot remains to be done in its pursuit of inclusive and sustainable growth. Its leaders have continuously highlighted the urgent need to use all policy levers in targeting its
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