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(1) How Valuable Is ‘Green’ Investment? (6 min read)
Every dollar spent on carbon-neutral or carbon-sink activities generates over a dollar’s worth of economic activity, finds a new IMF working paper. The results indicate that ‘building back better’ post-Covid does not require sacrificing GDP growth. Sam van de Schootbrugge summarises the main results.
(Sam van de Schootbrugge │ 24th March, 2021)
(2) Weekly Vaccination Tracker (1 min read)
With safety concerns over the Oxford/AstraZeneca vaccine slowing down inoculation rates across the EU, herd immunity forecasts have been pushed back to H2 2022. Meanwhile, the push to vaccinate more people in the UK over the last week means the country has now inoculated over 40% of its population with at least one dose.
(Sam van de Schootbrugge │ 24th March, 2021)
Asset managers, market liquidity and bank regulation (BIS, 22 page read)
Tax Evasion at the Top of the Income Distribution: Theory and Evidence (NBER, 50 page read)
Sovereign Debt in the 21st Century: Looking Backward, Looking Forward (NBER, 49 page read)
Macroeconomic Stability and Inclusive Growth (IMF, 26 page read)
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)