Financial Shocks in an Uncertain Economy

Research Department Working Papers Financial Shocks in an Uncertain Economy No. 2308 Chiara Scotti Abstract: The past 15 years have been eventful. The Global Financial Crisis (GFC) reminded us of the importance of a stable financial system to a well-functioning economy, one with low and stable inflation and maximum employment. Given the recent banking stress, … Read more

Public Financial Management and Budget Space for Health: Framework and Applications

In recent years, the concepts of fiscal space and fiscal space for health have evolved to incorporate new views related to both revenue and expenditure. The International Monetary Fund (IMF) expanded the list of factors impacting overall fiscal space to include a set of 50 key components covering economic growth, revenue, fiscal policies, debt, contingent … Read more

What would net-zero shipping look like?

The International Maritime Organization has set a net-zero goal “by or around 2050”. What is needed to reach this? At a UN summit, countries have agreed to curb shipping emissions to net zero “by or around 2050”. At the annual meeting of the International Maritime Organization (IMO), countries agreed to cut emissions by 20% by … Read more

As whiskey and bourbon business booms, beloved distillers face pushback over taxes and emissions

A statue of Jack Daniels sits on a bench as a visitor enters a souvenir shop in the town where the distillery is located Wednesday, June 14, 2023, in Lynchburg, Tenn. A destructive and unsightly black fungus which feeds on ethanol emitted by whiskey barrels has been found growing on property near the distillery’s nearby … Read more

As whiskey and bourbon business booms, beloved distillers face pushback over taxes and emissions

A statue of Jack Daniels sits on a bench as a visitor enters a souvenir shop in the town where the distillery is located Wednesday, June 14, 2023, in Lynchburg, Tenn. A destructive and unsightly black fungus which feeds on ethanol emitted by whiskey barrels has been found growing on property near the distillery’s nearby … Read more

As whiskey and bourbon business booms, beloved distillers face pushback over taxes and emissions

MULBERRY, Tenn. — For decades, the whiskey and bourbon makers of Tennessee and Kentucky have been beloved in their communities. The distilleries where the liquor is manufactured and barrelhouses where it is aged have complemented the rural character of their neighborhoods, while providing jobs and the pride of a successful homegrown industry. Now, the growing … Read more