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Fiscal policy and management

Political Parties of all Stripes are Pushing for Higher Government Spending

September 16, 2024

Era Dabla-Norris, Enrico Di Gregorio, Yongquan Cao

Large fiscal deficits and elevated debt levels call for greater fiscal prudence, but political forces are pulling in the opposite way

Fiscal policy and management

Why Our World Needs Fiscal Restraint in Biggest-Ever Election Year

April 17, 2024

Era Dabla-Norris, Vitor Gaspar, Marcos Poplawski-Ribeiro, Jiae Yoo

Governments should stay the course on fiscal consolidation amid mounting debt.

Fiscal policy and management

Industrial Policy Is Not a Magic Cure for Slow Growth

April 10, 2024

Era Dabla-Norris, Daniel Garcia-Macia, Vitor Gaspar, Li Liu

It can be tempting for countries to turn to industrial policy, but a policy mix supporting innovation more broadly can help boost economic growth

Fiscal policy and management

Fiscal Policy Can Promote Economic Stability and Address Risks to Public Finances

April 12, 2023

Francesca Caselli, Vitor Gaspar, Gee Hee Hong, Paulo Medas

Following exceptional pandemic support, governments should foster disinflation and financial stability while protecting the most vulnerable and safeguarding public finances

Fiscal policy and management

Fiscal Policy Can Help People Rebound From Cost of Living Crisis

October 12, 2022

Vitor Gaspar, Raphael Lam, Paolo Mauro, Roberto Piazza

Countries should prioritize protecting the vulnerable through targeted support while keeping a tight fiscal stance to help fight inflation

Fiscal policy and management

Middle East Needs Fairer Taxes to Aid Growth and Ease Inequality

July 6, 2022

Jihad Azour, Priscilla Muthoora , Geneviève Verdier

More progressive taxes with fewer exemptions would help governments pay for immediate spending priorities and make societies fairer.

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