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Persistent COVID-19: Exploring potential economic implications by Olivier Blanchard and Jean Pisani-Ferry published by PIIE (3/2021). "When the COVID-19 crisis spread in early 2020, many economists who stepped forward with projections of its impact assumed that a one-time shock would be followed eventually by a return close to the status quo. Views have differed since then regarding both the time it would take …
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Bank Taxes in Europe by Elke Asen published by Tax Foundation (3/2021). “The 2007-2008 financial crisis triggered a global debate on whether, and if so how, taxation can be used as an instrument to stabilize the financial sector and to generate revenue to partially cover the costs associated with the recent and potential future crises. Three approaches were mainly discussed, …
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Artificial Intelligence, Automation and Work by Daron Acemoglu and Pascual Restrepo published by NBER (1/2018). We summarize a framework for the study of the implications of automation and AI on the demand for labor, wages, and employment. Our task-based framework emphasizes the displacement effect that automation creates as machines and AI replace labor in tasks that it used to perform. …
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X Jornadas Iberoamericanas de Financiación Local por Cepal, BID, AIFIL. "Los días 1 y 2 de septiembre de 2021 se realizará en la sede del Banco Interamericano de Desarrollo (BID) en Washington DC, la décima versión de las Jornadas Iberoamericanas de Financiación Local (X-JIFL) organizadas por la Asociación Iberoamericana de Financiación Local (AIFIL), la Comisión Económica para América Latina (CEPAL), …
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The European Union’s troubled COVID-19 vaccine rollout by Jacob Funk Kirkegaard published by PIIE (3/2021). “The European Union and its citizens have long benefited from generally well-funded government health systems and an advanced pharmaceutical sector. Why, then, has Europe found it so hard to quickly immunize its population and reduce the level of COVID-19 infections and hospitalizations? This critical failure stems …
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Tax Subsidies for R&D Spending and Patent Boxes in OECD Countries by Daniel Bunn published by Tax Foundation (3/2021). “Tax preferences for research and development (R&D) spending and income earned from patented innovations are common among countries in the Organisation for Economic Co-Operation and Development (OECD). Tax policies can reduce the tax cost of investing in innovative activities by providing …
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OECD Tax Talks – Centre for tax policy and administration (4/2021) "Tax and environment “Another point discussed by the Ministers and Governors was their recovery strategies as a unique opportunity to support the transition towards more sustainable, inclusive and equitable societies. Landmark steps will be considered more in-depth in future meetings and particularly during two events – a High Level …
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The next normal in construction: How disruption is reshaping the world’s largest ecosystem published by McKinsey & Company (6/2020) Construction, which encompasses real estate, infrastructure, and industrial structures, is the largest industry in the global economy, accounting for 13 percent of the world’s GDP. A closer look at its underlying performance highlights the industry’s challenges in good economic times, let …
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Synthesising good practices in fiscal federalism published by OECD (4/2020) "Key recommendations from 15 years of country surveys The design of intergovernmental fiscal relations can help to ensure that tax and spending powers are assigned in a way to promote sustainable and inclusive economic growth. Decentralisation can enable sub-central governments to provide better public services for households and firms, while …
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China’s Digital Economy: Opportunities and Risks by Longmei Zhang and Sally Chen published by IMF (1/2019). China’s digital economy has expanded rapidly in recent years. While average digitalization of the economy remains lower than in advanced economies, digitalization is already high in certain regions and sectors, in particular e-commerce and fintech, and costal regions. Such transformation has boosted productivity growth, …
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