The Fiscal and Financial Risks of a High-Debt, Slow-Growth World by Tobias Adrian, Vitor Gaspar, Pierre-Olivier Gourinchas published by IMF (2024) “Higher long-term real interest rates, lower growth, and higher debt will put pressure on medium-term fiscal trends and financial stability…
EU Tax Symposium “Road to 2050: A Tax Mix for the Future” Keynote Speech Vitor Gaspar prepared in collaboration with Ruud de Mooij published by (IMF). “Thank you very much for inviting me to speak in the EU Tax…
Fiscal Policy Can Promote Economic Stability and Address Risks to Public Finances by Francesca Caselli, Vitor Gaspar, Gee Hee Hong, Paulo Medas published by IMF (4/2023). “Following exceptional pandemic support, governments should foster disinflation and financial stability while protecting the most vulnerable and…
How Fiscal Restraint Can Help Fight Inflation by Tobias Adrian, Vitor Gaspar published by IMF (11/2022). “Fiscal policy can ease the task of monetary policy in reducing inflation while mitigating risks to financial stability Government support was vital to help people…
Fiscal Policy for an Uncertain World by Vitor Gaspar, Sandra Lizarazo, Paulo Medas, and Roberto Piazza published by IMF (10/ 2021) “As public debt rises to record levels, countries need to calibrate fiscal policies to their own unique circumstances. Vaccination has saved lives…
Governments Need Agile Fiscal Policies as Food and Fuel Prices Spike by Jean-Marc Fournier, Vitor Gaspar, Paulo Medas and Roberto Accioly Perrelli published by IMFBlog (4/2022). “Spending imperatives from pandemic and war meet high debt and tight budget constraints. Just as increasing vaccinations offered…
Fiscal Politics, edited by Vitor Gaspar, Sanjeev Gupta, and Carlos Mulas-Granados published by IMF (2017). “Fiscal Politics seeks to capture the politics of fiscal policymaking, and thus revives a tradition in political economy that gradually left the mainstream. This…
How Much Should You Save for Retirement? by David Amaglobeli, Era Dabla-Norris, and Vitor Gaspar published by IMF (2019) “How much you need to save for retirement depends on your country’s pension system. Our new research focuses on the interaction between saving and pension systems…
Fiscal Policy for an Unprecedented Crisis by Vitor Gaspar, Paulo Medas, John Ralyea, and Elif Ture published by IMF (10/2020). “The COVID-19 crisis has devastated people’s lives, jobs, and businesses. Governments have taken forceful measures to cushion the blow, totaling a staggering $12…
Inversión pública para la recuperación by Vitor Gaspar, Paolo Mauro, Catherine Pattillo y Raphael Espinoza published by IMF (10/2020). “Los gobiernos de todo el mundo están tomando medidas extraordinarias para afrontar la crisis de la COVID-19. Sin dejar de centrarse en dar respuesta a…
