There has been a growing awareness of the income distribution dimension of macroeconomic policies. This paper presents …, inflation, and government spending worsen income distribution, while productivity gains, the real interest rate, and the real …

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 …

This paper reports the Fund's income position for FY 2013 following the closing of the Fund's accounts for the … financial year and completion of the external audit. FY 2013 net income, including income from surcharges, amounted to SDR 2 … of currencies has been made from the GRA to the investment account. The placement of the net income to the Fund …

economic growth. Policy should promote a more equitable distribution of income. While fiscal policy can play an important role … implies that expanding social programs has high social costs. Fiscal policy should aim at increasing the income share for the …

significantly improve both redistribution and equity objectives of the Chinese authorities. This was envisaged in the 1994 fiscal …

toward labor and consumption taxes and plays a more limited role in income redistribution, especially in the upper-income …