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Growing (Un)equal: Fiscal Policy and Income Inequality in China and BRIC+

Cevik, Serhan; Correa-Caro, Carolina - International Monetary Fund (IMF) - 2015

This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC+ countries over …€”an inverted Ushaped relationship between income inequality and economic developmentâ€”in China and the panel of BRIC+ countries … income inequality. While government spending appears to have a worsening impact, taxation improves income distribution. Even …

Persistent link: https://www.econbiz.de/10011242236

Raising the Consumption Tax in Japan; Why, When, How?

Kang, Kenneth; Keen, Michael; Pradhan, Mahmood; Mooij, … - International Monetary Fund (IMF) - 2011

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...

Persistent link: https://www.econbiz.de/10011245893

Tax Revenue and (or?) Trade Liberalization

Keen, Michael; Baunsgaard, Thomas - International Monetary Fund (IMF) - 2005

now a well-established body of theory and policy advice on how this might be done in principle, this paper uses panel data …

Persistent link: https://www.econbiz.de/10005768741

The "Flat Tax(es)"; Principles and Evidence

Varsano, Ricardo; Kim, Kevin; Keen, Michael - International Monetary Fund (IMF) - 2006

One of the most striking tax developments in recent years, and one that continues to attract considerable attention, is the adoption by several countries of a form of "flat tax." Discussion of these quite radical reforms has been marked, however, more by assertion and rhetoric than by analysis...

Persistent link: https://www.econbiz.de/10005769304

Revenue Mobilization in Sub-Saharan Africa; Challenges From Globalization

Mansour, Mario; Keen, Michael - International Monetary Fund (IMF) - 2009

This paper evaluates the nature and extent of, and possible responses to, two of the central challenges that globalization poses for revenue mobilization in Sub-Saharan Africa (SSA): from corporate tax competition, and from trade liberalization. It does so using a new dataset with features...

Persistent link: https://www.econbiz.de/10008528664

The Value-Added Tax; Its Causes and Consequences

Lockwood, Ben; Keen, Michael - International Monetary Fund (IMF) - 2007

Has the VAT proved, as its proponents claim, an especially effective form of taxation? To address this, this paper first shows that a tax innovation-such as the introduction of a VAT- reduces the marginal cost of public funds if and only if it also leads an optimizing government to increase the...

Persistent link: https://www.econbiz.de/10005605147

Climate Policy and the Recovery

Keen, Michael; Jones, Benjamin - International Monetary Fund (IMF) - 2009

Persistent link: https://www.econbiz.de/10010790462

Policy Coordination in Fiscal Federalism; Drawing Lessons From the Dubai Debt Crisis

Cevik, Serhan - International Monetary Fund (IMF) - 2011

Using the cyclically adjusted non-hydrocarbon primary balance, this paper investigates the evolution of the fiscal policy stance in the United Arab Emirates at consolidated and sub-national levels in the run-up and after the crisis. The empirical findings show that procyclical fiscal policies...

Persistent link: https://www.econbiz.de/10009151215

Targeting, Cascading, and Indirect Tax Design

Keen, Michael - International Monetary Fund (IMF) - 2013

This paper addresses two fundamental issues in indirect tax design. It first revisits the case for reduced rates on items especially important to the poor, establishing conditions under which even very crudely targeted spending measures better serve their interests. It then explores the welfare...

Persistent link: https://www.econbiz.de/10011123815

The Day After Tomorrow; Designing an Optimal Fiscal Strategy for Libya

Caceres, Carlos; Cevik, Serhan; Fenochietto, Ricardo; … - International Monetary Fund (IMF) - 2013

Libya is highly dependent on exhaustible and volatile hydrocarbon resources, which constitute the bulk of government revenues. Although resource wealth provides the means to promote socio-economic development, procyclical fiscal policies threaten macroeconomic stability as well as fiscal...

Persistent link: https://www.econbiz.de/10011242284