Posted on November 21, 2016 by iMFdirect
By Roberto Cardarelli
Versions in Português (Portuguese), and Español (Spanish)
Most people know Argentina as the land of tango, Malbec, and some of the greatest soccer players of all times. But Argentina is also famous for being home to some of the most diverse and extreme landscapes of the world—from subtropical rainforests and Iguazu Falls in the north to the glaciers of Perito Moreno in the south, and from the lowest site in South America (Laguna del Carbón) to the highest elevation in the Americas (Aconcagua mountain).
Filed under: Economic research, Fiscal policy, Government, growth, inflation, International Monetary Fund, Latin America, Reform, taxation, trade | Tagged: Argentina, economic assessment, fiscal policy, growth, IMF, iMFdirect blog, inflation targeting, International Monetary Fund, Latin America, reform, taxation, trade | Leave a comment »
Posted on November 16, 2016 by iMFdirect
By Jim Brumby and Michael Keen
Tax officials and experts grappled with the issue of tax treaties several weeks ago at the IMF-World Bank Annual Meetings. This arcane subject has now emerged as a new lightning rod in the debate on fairness in international taxation. As citizens demand that corporations pay their fair share of taxes and some governments struggle to raise enough revenues for basic services, tax treaties present difficult issues.
Filed under: Annual Meetings, developing countries, Fiscal policy, Government, IMF, International Monetary Fund, Investment, taxation, U.S. | Tagged: economic development, fiscal policy, IMF, IMF-World Bank Annual Meetings, income tax rates, International Monetary Fund, international taxation, investment, tax agreements, Tax Treaties, taxation, trade, World Bank | Leave a comment »
Posted on November 10, 2016 by iMFdirect
By Ruud de Mooij, Michael Keen, and Alexander Tieman
“The Great Distortion.” That’s what The Economist, in its cover story of May 2015¸ called the systematic tax advantage of debt over equity that is found in almost every tax system.
This “debt bias” is now widely recognized as a real risk to economic stability. A new IMF study argues that it needs to feature more prominently on tax reform agendas; it also sets out options for how to do that.
Filed under: Economic research, Finance, Fiscal policy, IMF, International Monetary Fund, Public debt, taxation | Tagged: allowance for corporate equity (ACE), debt, debt financing, equity, European Commission, European Union, finance, fiscal policy, IMF, iMFdirect blog, International Monetary Fund, taxation | Leave a comment »
Posted on October 25, 2016 by iMFdirect
The IMF’s Annual Research Conference is coming up November 3 and 4 and the theme this year is macroeconomics after the great recession.
Filed under: Advanced Economies, Economic Crisis, Economic research, Fiscal, Fiscal policy, Globalization, growth, IMF, Inequality, International Monetary Fund, monetary policy, negative interest rates, recession | Tagged: Great Recession, IMF Annual Research Conference, Maurice Obstfeld, Olivier Blanchard | Leave a comment »
Posted on October 5, 2016 by iMFdirect
By Vitor Gaspar and Marialuz Moreno Badia
Versions in: عربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), and Español (Spanish)
In the midst of the Great Depression, the American economist Irving Fisher warned of the dangers of excessive debt and the deflationary pressures that follow on its tail. He saw debt and deflation as the big, bad actors. Now, their close relatives—too high debt and too low inflation—are still in play, at least for advanced economies.
Filed under: Advanced Economies, China, Economic Crisis, Economic research, Emerging Markets, Fiscal policy, IMF, International Monetary Fund, Public debt, U.S. | Tagged: advanced economies, China, emerging market economies, fiscal policies, fiscal policy, GDP, global debt, growth, IMF, inclusive growth, International Monetary Fund, private debt, public debt, sustainable growth | Leave a comment »
Posted on September 28, 2016 by iMFdirect
By Vitor Gaspar, Maurice Obstfeld and Ratna Sahay
There are policy options to bring new life into anemic economic recoveries and to counteract renewed slowdowns. Our new paper, along with our co-authors, debunks widespread concerns that little can be done by policymakers facing a vicious cycle of (too) low growth, (too) low inflation, near-zero interest rates, and high debt levels.
Filed under: capital markets, Economic research, Fiscal policy, Government, IMF, International Monetary Fund, monetary policy, Reform | Tagged: Christine Lagarde, collective action, economic recovery, fiscal policy, G20, growth, IMF, iMFdirect, inflation, interest rates, International Monetary Fund, Maurice Obstfeld, monetary policy, public debt, Ratna Sahay, Vitor Gaspar | Leave a comment »