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In many OECD countries, government debt reached levels over recent years that call for reduction over the medium to longer term to ensure public finance sustainability. This paper investigates the international transmission of fiscal consolidation shocks via trade flows. Using a measure of...
Persistent link: https://www.econbiz.de/10010230999
, though, will have to be on the revenue side, primarily through hikes in the consumption tax rate toward the OECD average and … a broadening of the personal income tax base. Fiscal consolidation should be accompanied by measures to promote … inclusive growth through the tax and benefit system, in particular by introducing an earned income tax credit to assist the …
Persistent link: https://www.econbiz.de/10011732716