Showing 1 - 10 of 14
question. This paper analyzes the effects of fiscal policies on income inequality in a panel of advanced and emerging market … fiscal consolidations are likely to raise inequality through various channels including their effects on unemployment …. Spending-based consolidations tend to worsen inequality more significantly, relative to tax-based consolidations. The …
Persistent link: https://www.econbiz.de/10011242413
The paper explores the extent to which the pressure of debt service on other spending items may push governments to embark on fiscal consolidation beyond what is strictly necessary to secure solvency. The empirical analysis identifies thresholds of interest bill indicators beyond which...
Persistent link: https://www.econbiz.de/10011242207
This paper provides country-specific information on fiscal rules in use in 81 countries from 1985 to end-September 2012. It serves as background material and update of the July 2012 Working Paper “Fiscal Rules in Response to the Crisis—Toward the ‘Next Generation’...
Persistent link: https://www.econbiz.de/10011242357
This paper provides new evidence on the effectiveness of expenditure rules. The analysis is based on a unique dataset covering all countries with national and supranational fiscal rules, including 33 expenditure rules, between 1985 and 2013. It contributes to the existing literature on fiscal...
Persistent link: https://www.econbiz.de/10011242394
Strengthening fiscal frameworks, in particular fiscal rules, has emerged as a key response to the fiscal legacy of the crisis. This paper takes stock of fiscal rules in use around the world, compiles a dataset - covering national and supranational fiscal rules, in 81 countries from 1985 to...
Persistent link: https://www.econbiz.de/10011242436
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
Persistent link: https://www.econbiz.de/10010790462
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
Institutions aimed at constraining policy discretion to promote sound fiscal policies are once again at the forefront of the policy debate. Interest in “fiscal councils,†independent watchdogs active in the public debate, has grown rapidly in recent years. This paper presents the first...
Persistent link: https://www.econbiz.de/10011123841
Issues of taxation and development, which have long been a central concern of the IMF, have attracted wider and renewed interest in the last few years. This paper reflects on three broad lessons of experience: that developing countries differ vastly in tax matters, and in ways that are less than...
Persistent link: https://www.econbiz.de/10011142024