Policy Briefs

Shifting Gears: Integrating Climate Risks in Monetary Policy Operations

| 20 January 2020
Monetary, Policy Briefs | Tags: Asset Purchases, Central Banks, Climate Risk, Collateral Framework, Credit Risk
The assets central banks purchase and accept as collateral are at the core of monetary policy implementation. Risk considerations play a crucial role in the selection of these assets: central banks seek to limit their holdings and eligible collateral to assets that minimize their risk ... continue reading

The Digital Economy for Economic Development: Free Flow of Data and Supporting Policies

, , , , , , and | 27 April 2019
Policy Briefs, Trade | 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 ... continue reading

Services Trade for Sustainable, Balanced, and Inclusive Growth

, , , , , , , and | 3 April 2019
Policy Briefs, Trade | 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 ... continue reading

Taxation in Aging Societies – Increasing the Effectiveness and Fairness of Pension Systems

, , , and | 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 ... continue reading

Central Banks and the G20 Agenda: Ensuring Policy Coherence

and | 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 ... continue reading