Upgrading Housing: the Potential and Limits of Borrower-Based Measures
Pierre Monnin,
Ádám Banai,
Kristīna Bojāre,
Ján Klacso,
Reiner Martin and
János Szakács | 3 March 2026
Monetary,
Discussion Notes | Tags:
Credit Risk,
Energy,
Financial Stability,
Housing,
Macroprudential Policy
This paper explores how borrower-based measures (BBMs) can be adjusted to provide additional funding for housing-related energy-efficiency investments without compromising financial stability objectives.
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Governing Tax Expenditures: Lessons from Four Advanced and Emerging Market Economies
Sofia Berg,
Sanjeev Gupta and
Agustin Redonda | 2 March 2026
Fiscal,
Blog | Tags:
Brazil,
Domestic Revenue Mobilization,
France,
India,
Tax Expenditures,
United Kingdom
This blog builds on four Tax Expenditures Country Reports published within the series hosted by CEP and IDOS, and shows how Brazil, France, India, and the United Kingdom govern tax expenditures across three critical dimensions: benchmark definition, reporting, and evaluation.
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The Macroprudential Response to Climate Systemic Risk: Four Essential Pillars
Laura Bartolomeu,
Wildmer Gregori,
Pierre Monnin and
Fátima Silva | 26 February 2026
Monetary,
Policy Briefs | Tags:
Climate Risks,
Financial Stability,
Macroprudential Policy,
Portugal,
Systemic Risks
While existing macroprudential policy toolkits can already be deployed to address climate-related systemic risk, their implementation shall account for the data available to assess climate-related risks, the state of knowledge about them, and the institutional frameworks in which macroprudential instruments operate.
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How Ministries of Finance can Support Coherent Climate Policy Packages
Council on Economic Policies | 26 February 2026
Fiscal,
Discussion Notes | Tags:
Carbon Pricing,
Decarbonization,
Energy,
Industrial Policy,
Innovation,
Policy Coherence,
Tax Expenditures
The success of the low-carbon transition will depend less on isolated climate measures than on the ability of governments to design and sustain coherent policy packages that align fiscal, energy, and industrial objectives.
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Confronting Climate Change in the Philippines: Building Resilience while Cutting Emissions
Patrick Lenain | 13 February 2026
Fiscal,
Blog | Tags:
Carbon Pricing,
Climate Risks,
Energy,
Renewables,
The Philippines
Climate change is not a distant threat for the Philippines. Preparing for a warmer and more volatile future will require building on past progress in investing into climate change adaptation, combined with carbon pricing and cleaner power generation.
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Scale and Oversight of Tax Expenditures in Ireland
Flurim Aliu and
Christian von Haldenwang | 10 February 2026
Fiscal,
Testimonies | Tags:
Ireland,
Parliaments,
Tax Expenditures
Tax expenditures are introduced to promote investment, employment, welfare policy objectives, or environmental goals, among others. Yet systematic evaluations remain rare ...
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Services Trade under the WTO
Hildegunn Kyvik Nordås | 31 January 2026
Trade,
Research Papers | Tags:
Services Trade,
Trade Governance,
WTO
The General Agreement on Trade in Services (GATS) is one of the four pillars of the World Trade Organization (WTO), established in 1995. Although services have always been traded, they were considered non-tradable both by policy makers and by scholars at the time.
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Industrial Policy: ‘Europe Can No Longer Afford the Inefficiency of a National Patchwork’
Patrick Lenain and
Rens van Tilburg | 30 January 2026
Fiscal,
Commentary | Tags:
Competition,
Decarbonization,
Europe,
Fiscal Space,
Industrial Policy
Faced with American and Chinese competition, Europe must undertake a radical shift: move from a mosaic of national subsidies to a unified and more intelligent industrial policy, argue Patrick Lenain and Rens van Tilburg.
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Who is Afraid of AI? Who Should Be?
Erik Engberg,
Holger Görg,
Mark Hellsten,
Farrukh Jave,
Magnus Lodefalk,
Martin Längkvist,
Natália Monteiro,
Hildegunn Kyvik Nordås,
Giuseppe Pulito,
Sarah Schroeder and
Aili Tang | 26 January 2026
Trade,
Policy Briefs | Tags:
Artificial Intelligence,
Employment,
Innovation
What are the consequences of the rise in AI for workers? Will AI create or destroy jobs? Conceptually, AI can both substitute for and complement human labour.
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Direction Ahead for Low-Carbon Development Finance in Vietnam
Patrick Lenain | 15 January 2026
Fiscal,
Monetary,
Commentary | Tags:
Economic Growth,
Energy,
Governing Finance,
Industrial Policy,
Vietnam
Climate finance is featured prominently in international climate negotiations, and a number of countries have published climate finance strategies outlining investment needs for mitigation and adaptation. Yet a narrow focus on climate finance risks missing the point.
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