Tag: Inequality

Monetary Policy, Macroprudential Regulation and Inequality

| 12 April 2017
Discussion Notes, Monetary | Tags: Inequality, Interest Rates, Macroprudential Regulation
The 2008 global financial crisis profoundly changed the role of central banks in the economy. First, central banks engaged in strong expansionary monetary policy, using new unconventional tools to boost economic activity. Second, they were key to containing financial instability, which led them to implement ... continue reading

Inequality Should Matter for Central Banks

and | 16 February 2017
Blog, Monetary | Tags: Central Banks, Inequality, Quantitative Easing
Central bankers have long been discreet about the links between monetary policy and inequality. They justify this reserve by the fact that their mandates do not charge them with addressing inequality and they generally argue that by providing price stability, central banks maintain the existing ... continue reading

Pension Tax Expenditures. A Costly Christmas Gift … Not From Santa

| 4 January 2017
Blog, Fiscal | Tags: Fiscal, Inequality, Pensions, Tax Expenditures
For people living in Switzerland, December 31 was the last day for 2016 contributions into their Pillar 3a retirement accounts – and hence for taking advantage of the exemption from income tax that these payments benefit from. The scheme is one of many examples from ... continue reading

Aggregate and Distributive Effects of Unconventional Monetary Policies

Upcoming: 9-10 November, 2017
Monetary, Workshops | Tags: Inequality, Inflation, Interest Rates, QE
Co-organized with the Swiss National Bank and the Study Center Gerzensee ... continue reading

Tax Expenditures and Sustainability. An Overview

| 11 November 2016
Discussion Notes, Fiscal | Tags: Employment, Energy, Fossil Fuel Subsidies, Health, Housing, Inequality, Innovation, Patent Boxes, Pensions, Tax Expenditures, VAT
Fiscal policy has significant effects on a broad sustainability agenda covering long-term economic, social and environmental goals. However, whereas a myriad of actors scrutinize taxation as well as direct government spending with regard to their impact on sustainability, a key feature of fiscal policy has ... continue reading