PAOLO MAURO

PAOLO MAURO is deputy director of the IMF’s Fiscal Affairs Department. This article draws on his 2021 IMF Working Paper, “The State and Your Hard-Earned Money: A Survey on Moral Perspectives in Public Finance.”

F&D Magazine / Fiscal policy

Paolo Mauro: Adding Ethics to Public Finance

PAOLO MAURO March 1, 2022

Should the rich pay more taxes than the poor? Economists and public finance practitioners have traditionally focused on economic efficiency when answering questions like that, steering clear of any moral considerations that could be seen as subjective.

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IMF Podcasts are the views of the International Monetary Fund (IMF) staff and external officials on pressing economic and policy issues of the day. The IMF, based in Washington D.C., is an organization of 190 countries, working to foster global monetary cooperation and financial stability around the world. The views expressed are those of the author(s) and do not necessarily represent the views of the IMF and its Executive Board.