Central Banks Should Reflect Climate Risks in Monetary Policy Operations
Pierre Monnin | 10 September 2018
Monetary,
Policy Briefs | Tags:
Asset Purchases,
Central Banks,
Climate Risk,
Collateral Framework
The transition to a low-carbon economy requires a shift in capital allocation from incumbent carbon-intensive technologies to new low-carbon technologies. Financial markets play a key role in this process: they influence firms’ investment costs and serve as reference point in investors’ decisions. Currently, there
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Mend It, Don´t End It: The case for upgrading the G20’s pledge on protectionism
Johannes Schwarzer,
Simon Evenett,
Sait Akman,
Axel Berger,
Eduardo Bianchi,
Carlos Primo Braga,
Marcela Cristini,
Kamala Dawar,
Matthias Helble,
Galina Kolev,
Jürgen Matthes,
Maximiliano Mendez-Parra,
Claudia Schmucker,
Akihiko Tamura and
Tu Xinquan | 3 September 2018
Trade,
Policy Briefs | Tags:
Protectionism,
Services Trade
Despite neutering the official monitoring of protectionism, unmistakable evidence assembled from state sources demonstrates that G20 members routinely violate their “no protectionism” pledge.
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Mitigating the Adjustment Costs of International Trade
Johannes Schwarzer,
Clara Brandi,
Uri Dadush,
Peter Draper,
Andreas Freytag,
Miriam Kautz,
Peter Rashish and
Rob Vos | 3 September 2018
Trade,
Policy Briefs | Tags:
Employment
The evidence demonstrating that nations gain from trade is overwhelming. However, trade liberalization can cause disruption to firms and workers, and its gains and losses are spread unevenly.
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Tax Competition
Christian von Haldenwang,
Tommaso Faccio,
Tobias Hentze,
Thomas Mättig,
Irma Mosquera Valderrama,
Agustin Redonda,
Gabriela Rigoni,
Jakob Schwab and
Rob Vos | 12 July 2018
Fiscal,
Policy Briefs | Tags:
Corporate Tax,
Tax Competition
The world is facing a new round of international tax competition that may result in a ruinous race to the bottom, undermining the fiscal capacity of states to respond to global challenges and to implement the Agenda 2030. G20 leaders must take action to strengthen
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Tax Expenditure and the Treatment of Tax Incentives for Investment
Agustin Redonda,
Santiago Diaz de Sarralde,
Christian von Haldenwang,
Lise Johnson,
Ariel Melamud,
Ricardo Rozemberg and
Jakob Schwab | 12 July 2018
Fiscal,
Policy Briefs | Tags:
Fossil Fuel Subsidies,
Investment,
Tax Expenditures
Governments use tax expenditures to boost investment, innovation and employment. However, these schemes are largely opaque, costly and often ineffective in reaching their stated goals. They also frequently trigger unwanted side effects. In order to improve the performance of these tools, we present three concrete
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