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Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence?
Werneck, Rogério L.F.; Irwin, Timothy; Sturzenegger, … - Inter-American Development Bank
Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects...
Persistent link: https://www.econbiz.de/10010943424
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Why Don't We Tax the Rich? Inequality, Legislative Malapportionment, and Personal Income Taxation around the World
Scartascini, Carlos G.; Ardanaz, Martín - Inter-American Development Bank - 2011
This paper argues that the details of political institutions help explain the low levels of personal income taxation … 1990 and 2007, this paper finds that i) countries with historically more unequal distributions of wealth and income … lower shares of personal income taxes in GDP. present higher levels of legislative malapportionment, and ii) higher levels …
Persistent link: https://www.econbiz.de/10010944479
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Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence?
Werneck, Rogério L.F.; Irwin, Timothy; Sturzenegger, … - Inter-American Development Bank
Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects...
Persistent link: https://www.econbiz.de/10010772370