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Roubini Topic Archive: IMF and International Economic Institutions

  • The Debt Commission Is Right: Tax Reform Is the Path to Growth-Friendly Fiscal Consolidation

    The day before yesterday’s draft co-chairs’ proposal from the bipartisan National Commission on Fiscal Responsibility and Reform is the latest contribution to the ongoing national debate on fiscal consolidation. The G20 finance ministers, at their pre-summit meeting, issued a Communiqué endorsing the concept of “ambitious and growth-friendly medium-term fiscal consolidation,” but gave no hint as to what such a program might actually look like. The NCFRR co-chairs’ make a good start at filling in the blanks by placing tax reform at the heart of their proposal. It is the best way forward, and really, the only way.

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Ed Dolan Ed Dolan's Econ Blog

Edwin G. Dolan is an economist and educator with a Ph.D. from Yale University. Early in his career, he was a member of the economics faculty at Dartmouth College, the University of Chicago, and George Mason University. From 1990 to 2001, he taught in Moscow, Russia, where he and his wife founded the American Institute of Business and Economics (AIBEc), an independent, not-for-profit MBA program. Since 2001, he has taught at several universities in Europe, including Central European University in Budapest, the University of Economics in Prague, and the Stockholm School of Economics in Riga, where he has an ongoing annual visiting appointment. During breaks in his teaching career, he worked in Washington, D.C. as an economist for the Antitrust Division of the Department of Justice and as a regulatory analyst for the Interstate Commerce Commission, and later served a stint in Almaty as an adviser to the National Bank of Kazakhstan. When not lecturing abroad, he makes his home in San Juan Islands, Washington.

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