IMF's Lagarde Is Hoping for Solid U.S. Tax Reform

The transcript discusses Jason Furman's defense of an individual, the role of economists, and the IMF's perspective on tax reform and fiscal responsibility. It highlights the importance of evidence-based policy making, addressing debt and entitlement issues, and the global economic outlook. The IMF's optimistic tone contrasts with challenges like Brexit and emerging markets. The US economy is marked up, with hopes for simpler, effective tax reforms.

What is the significance of the distinction between the Blue Book, Green Book, and Red Book of the IMF?

How does the IMF propose to link tax reform with fiscal responsibility?

What are the two key considerations mentioned for determining policies regarding tax reform?

What challenges do countries with heavy debt burdens face in relation to tax reform?

What is the IMF's outlook on the US economy and tax reform legislation in the short term?