Rising inequality and slow economic growth in many countries have focused attention on policies to support inclusive growth. While some inequality is inevitable in a market-based economic system, excessive inequality can erode social cohesion, lead to political polarization, and ultimately lower economic growth.
Based on recent work at the IMF, Mercedes García-Escribano, deputy chief of the IMF’s Fiscal Affairs Department, will discuss how, according to the 2017 October Fiscal Monitor, fiscal policies can help achieve redistributive objectives. She will focus on three salient policy debates: tax rates at the top of the income distribution, the introduction of a universal basic income and the role of public spending in the fields of education and health.
