Indeed, the type of measures they refer to could include wealth taxes, meaningful inheritance taxes, Employee Share Ownership Plans (ESOPs) and share distributions28, birth endowments in the form of financial assets, for example.29 Most of these are seen by many economists as distortions detrimental to economic efficiency.
Sustainable investment in uncertain times: The future of public sector asset management Speech by L. Federico Signorini OMFIF Roundtable for Public Sector Asset Managers London, 6 February 2020 In these remarks, I shall take the point of view of the central bank as an investor, rather than a monetary policy authority.