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Macro-fiscal policy

Carbon Emissions from AI and Crypto Are Surging and Tax Policy Can Help

August 15, 2024

Shafik Hebous, Nate Vernon-Lin

Crypto mining and data centers now account for 2 percent of global electricity use and nearly 1 percent of global emissions, and their footprint is growing.

Macro-fiscal policy

Countries Can Tap Tax Potential to Finance Development Goals

September 19, 2023

Vitor Gaspar, Mario Mansour, Charles Vellutini

Emerging market and low-income economies have a significant untapped tax potential of 8 percent to 9 percent of GDP

Macro-fiscal policy

Harnessing GovTech to Tax Smarter and Spend Smarter

September 7, 2023

David Amaglobeli, Ruud de Mooij, Mariano Moszoro

Digitalization, done right, can equip governments to improve revenue collection and spending efficiency.

Macro-fiscal policy

Crypto Poses Significant Tax Problems—and They Could Get Worse

July 5, 2023

Katherine Baer, Ruud de Mooij, Shafik Hebous, Michael Keen

Tax systems need updating to cope with crypto assets, whose anonymity and decentralized nature poses challenges—not least for the value added tax.

Macro-fiscal policy

Middle East, North Africa Vulnerable to Rising Fiscal Risks

June 11, 2023

Antoinette M. Sayeh, Mahmoud Harb, Jacques Charaoui

Stronger risk management can reduce budgetary surprises and allow the region to plan better for development.

Macro-fiscal policy

In Latin America, Fiscal Policy Can Lighten the Burden of Central Banks

April 13, 2023

Gustavo Adler, Nigel Chalk

Taming inflation requires slowing down demand. While monetary policy has played its part, lowering fiscal deficits would also help lessen the cost-of-living crisis.

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