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Listen to IMF economists and other experts discuss key economic and financial issues of the day. Click on the play button. Alternatively, download the audio MP3 file—a popular digital music format for sound files. Broadcasters: this facility is also being made available to enable these podcasts to be broadcast on radio outlets free of charge. Also available in SoundCloud


Reducing Inequality Through Tax and Spending

February 21, 2013

Rickshaws and a new BMW in the Indian capital, New Delhi. Targeted benefits, rather than universal benefits, are better at reducing inequality, says Coady. (Photo: Jens Kalaene/dpa/Corbis)

Fiscal policy—or the way a government taxes, spends and borrows money—can have a huge impact on reducing inequality. But according to a recent IMF study, that impact has been shrinking over the past decade, as governments scale back social benefits, and make income taxes less progressive.


David Coady, IMF, Fiscal Affairs Department