Deputy Managing Director, International Monetary Fund
President, Center for Global Development
Samuel Z. Stone Professor, Tulane University and Nonresident Fellow, Center for Global Development
IDRC Fellow, Center for Global Development
Senior Director of Communications and Policy Outreach, Center for Global Development
The sizeable increase in income inequality in many parts of the world since the 1990s and the severe consequences of the global economic and financial crisis have brought distributional issues to the top of the policy agenda. The challenge for many governments is to address concerns over rising inequality while simultaneously promoting economic efficiency and more robust growth.
The event’s discussion will center on Inequality and Fiscal Policy, a new book edited by Benedict Clements, Ruud de Mooij, Sanjeev Gupta, and Michael Keen of the International Monetary Fund. An important message of the book is that growth and equity are not necessarily at odds; with the appropriate mix of policy instruments and careful policy design, countries can in many cases achieve better distributional outcomes and improve economic efficiency. Country studies demonstrate the diversity of challenges and the differing capacity to address this issue more fundamentally.