Fiscal policy and income inequality
IMF. Fiscal policy is the primary tool for governments to affect income distribution. Rising income inequality in advanced and developing economies has coincided with growing public support for income redistribution. This comes at a time when fiscal restraint is an important priority in many advanced and developing economies. In the context of the Fund’s mandate […]
Are capital markets the only friend of innovation?
Carlo Altomonte, Marco Antonielli. Intangible assets are the key to growth in the knowledge economy, but innovative entrepreneurs can find it hard to secure the financing to kick-start their projects. The role of capital and credit markets in procuring funds for innovation is therefore crucial. Twitter is a case in point: financial support offered by […]