The Distributional Implications of the Crisis and Policy Responses
William White | 8 December 2015
Monetary,
Blog | Tags:
Inequality,
QE The conduct of monetary policy over the last few years is totally unprecedented. Efforts have been made to influence all parts of the term structure of interest rates and credit spreads as well. Policy rates have been reduced essentially to zero. Forward guidance has also
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Save our Steel! Save our Jobs?
Johannes Schwarzer | 13 November 2015
Trade,
Blog | Tags:
Anti-Dumping,
China,
EU,
Steel,
Tariffs EU member States have recently intensified their calls upon the European Commission to deploy trade defence measures to stem the rising tide of cheap imports of steel from China. It is contended that the slowdown of the Chinese domestic economy has prompted steel manufacturers to
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Looking for a Way out the Subsidies Labyrinth in Argentina
Lucio Castro | 16 October 2015
Fiscal,
Monetary,
Blog | Tags:
Energy,
Inflation,
Subsidies In the midst of a heated electoral campaign, subsidies are at the centre of the political debate in Argentina. Shock or gradual approaches to reform those transfers have emerged as the buzzwords of the moment as the presidential race heats up.
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Tax Expenditures and Sustainability
Agustin Redonda | 8 October 2015
Fiscal,
Blog | Tags:
Renewables,
Tax Expenditures What do 1.8 billion Euro given to Italian farmers, 69.7 billion US$ provided to US homeowners, and 75 billion A$ allocated to support the retirement income system in Australia have in common? They are channeled through tax expenditures.
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Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area
Klaus Adam and
Junyi Zhu | 17 September 2015
Monetary,
Working Papers | Tags:
Inequality,
Inflation We document the presence of sizable nominal wealth redistribution effects from unexpected price level movements in the Euro Area (EA), using sectoral accounts and newly available data from the Household Finance and Consumption Survey. The EA as a whole is a net loser of unexpected
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