Former BoE policymaker Kate Barker told the Financial Times this weekend that targetted and temporary tax rises on top earners may be the most effective and fairest way to go.
"We're asking monetary policy to do all the work," she said.
But the political sensitivity of income tax likely dictates the way forward, however cogent the economics.
Yet the more general point of fiscal policy helping with the final throes of the inflation battle continues to be made.
"Fiscal Policy should remain aligned with monetary policy in the fight against inflation," the Fund concluded.
Persons:
BoE policymaker Kate Barker, President Biden, Mike Dolan, Matthew Lewis
Organizations:
International Monetary Fund, Bank for International, U.S, Bank of, Financial Times, Fed, U.S . Bureau of Labor Statistics, Britain's, National Statistics, Reuters Graphics Reuters, Reuters, Republicans, Twitter, Thomson
Locations:
Britain, London