Showing 1 - 10 of 49
This paper highlights key issues pertinent for the understanding of international effects of domestic tax policies and of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the analysis of international economic interdependence focusing on...
Persistent link: https://www.econbiz.de/10014396181
This background paper describes five different tools that can be used for the assessment of tax incentives by … framework for assessment. Evaluations of the various costs and benefits of tax incentives are vital for informed decision making … light on the implications of tax parameters - including targeted tax incentives - on investment returns and help understand …
Persistent link: https://www.econbiz.de/10012644783
The paper emphasizes the role of institutions and incentives in the presence of externalities. An economy with multiple … effective institutions exist for overcoming coordination failure. External financing may weaken incentives for adjustment over … that strengthen incentives to provide effort. Uncertainty regarding future taxes reduces present effort and the …
Persistent link: https://www.econbiz.de/10014396155
The purpose of this paper is to analyze the argument that debt relief would increase the incentive of a debtor country to make an adjustment effort (to invest) and that for this reason creditors may benefit by granting relief. It is shown that there are actually opposing incentive effects of...
Persistent link: https://www.econbiz.de/10014396170
This Financial Sector Assessment (FSA) summarizes the FSAP report for Chile, with emphasis on structural and … developmental issues. Chile's financial system is large, well diversified and resilient to shocks. Chile's exposure to sudden stops …
Persistent link: https://www.econbiz.de/10012560075
The staff reports for the 2013 Article IV Consultation on the Chile discuss the strong and inclusive growth over the …
Persistent link: https://www.econbiz.de/10011244359
Persistent link: https://www.econbiz.de/10011245450
This paper examines the sources of growth in Chile and compares Chile’s experience with that of other countries. Two … alternative measures of the sources of growth for Chile are presented to facilitate comparisons with other studies. The first … an index of the quality of factor inputs. The paper presents estimates of potential output of Chile for 1971–95, and also …
Persistent link: https://www.econbiz.de/10014397251
This paper reviews empirical evidence on the operation of the monetary transmission mechanism based on targeting of interest rates on indexed assets in the Chilean economy. The empirical evidence has two policy implications. First, interest rates on indexed assets do not fully reflect real...
Persistent link: https://www.econbiz.de/10014397378
This paper describes economic developments in Chile during 1990–95. In part, as a result of the tight monetary policy …
Persistent link: https://www.econbiz.de/10014397582