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The paper examines empirically the question of whether more unequal societies spend more on income redistribution than … argued that unequal societies may spend less on redistribution because of capital market imperfections. Based on different … redistribution …
Persistent link: https://www.econbiz.de/10014400085
The paper proposes a new welfare-based measure to evaluate the distributive effects of public programs. The proposed measure differs from traditional approaches in two important ways: first, it is based on life-cycle considerations, since most public expenditure programs have an intertemporal...
Persistent link: https://www.econbiz.de/10014396379
Under the assumption of no arbitrage exchange rate target zone credibility is tested by whether domestic interest rates fall within “rate-of-return bands” between the maximum and minimum home-currency rate of return on a foreign investment absent a devaluation. Under the assumption of...
Persistent link: https://www.econbiz.de/10014395839
significantly improve both redistribution and equity objectives of the Chinese authorities. This was envisaged in the 1994 fiscal …
Persistent link: https://www.econbiz.de/10014401323
This 2006 Article IV Consultation highlights that a broad-based economic upturn is under way in Sweden, spurred by …
Persistent link: https://www.econbiz.de/10014405925
In Sweden, the authorities have indicated that their medium-term fiscal strategy is based on restraining expenditures …
Persistent link: https://www.econbiz.de/10014410949
This Selected Issues paper on Sweden analyzes possible adjustments to the fiscal framework that the authorities may … wish to consider. The paper starts with a brief description of Sweden’s fiscal framework, followed by an assessment of the … framework’s strengths and weaknesses. The scope for stabilization policy in Sweden is analyzed. The paper describes the …
Persistent link: https://www.econbiz.de/10014406368
weakness led to slower growth of Sweden in 2001. Private consumption stagnated despite rising disposable income, owing to …
Persistent link: https://www.econbiz.de/10014406369
This Selected Issues paper on Sweden reviews economic developments in Sweden during 1994–98. In 1994, the general …
Persistent link: https://www.econbiz.de/10014397274
This paper discusses key findings of the Detailed Assessment of Observance of Standards and Codes in Sweden. The … assessment reveals that the laws and regulations on banking activities and their supervision are in place in Sweden. The …
Persistent link: https://www.econbiz.de/10014403445