Tag: Inequality

The Day After Tomorrow. Designing COVID-19 Bailouts for a Sustainable Recovery

| 4 May 2020
Blog, Fiscal, Monetary | Tags: Bailouts, Climate Change, Covid-19, Employment, Inequality
Governments around the world are taking extraordinary measures to mitigate the economic fallout of COVID-19. Their decisions in the weeks and months ahead will shape our lives for years to come. The fiscal packages that are being adopted as well as the funding that central ... continue reading

The Dark Side of the Moon. Responding to the COVID-19 Crisis in Developing Economies

| 25 March 2020
Blog, Fiscal | Tags: Covid-19, Development, Inequality, Informality
Besides China and Iran, the impact of the coronavirus has until now been most severe in advanced economies including France, Germany, Italy, South Korea, Spain and the US. This is unlikely to remain so. As the virus continues its spread around the world it will ... continue reading

Fiscal Policy Responses to the Coronavirus Outbreak

| 20 March 2020
Blog, Fiscal | Tags: Covid-19, Inequality, Informality, Tax Expenditures, VAT
The global crisis we are facing is one of the worst in history. The priority, obviously, is to reduce the number of coronavirus victims. At the same time, mitigating the economic impacts is vital. Both the real economy and financial markets worldwide have already been hard ... continue reading

Should Monetary Policy Take Inequality and Climate Change into Account?

| 24 January 2020
Discussion Notes, Monetary | Tags: Climate Change, Governing Finance, Inequality
Should central banks take more account of ethical issues, notably the impact of monetary policy actions on the distribution of income and wealth and on efforts to combat climate change, in the design and implementation of the wider monetary policy toolkit they have been using ... continue reading

Unconventional Monetary Policy and Inequality – Is Japan Unique?

and | 20 September 2019
Monetary, Working Papers | Tags: Inequality, Japan, Quantitative Easing
For over a decade, but especially since the start of Abenomics in 2013, the Bank of Japan (BoJ) has been increasing the monetary base rapidly by implementing an unconventional monetary policy (UMP). In a 2014 study, we found that Japan’s UMP had increased income inequality. ... continue reading