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We analyse welfare effects of the interactions between the tax system and inflation in Poland and in Ukraine, using the … the tax system, in particular distortions to intertemporal saving decisions. We find that the effects are much smaller in … more limited. Our results suggest that taxes on investment returns should be avoided in any future redesign of the tax …
Persistent link: https://www.econbiz.de/10005125002
This paper identifies tax factors in 21 developing countries that have an impact on foreign direct investment flows. It … categorizes those factors into issues associated with tax coordination; tax rates and rate structures; and composition of the tax … base. Recent actions by countries reveal no clear pattern in their attempts to increase tax coordination, while many have …
Persistent link: https://www.econbiz.de/10005263965
natural resources, are important determinants of tax revenue. …
Persistent link: https://www.econbiz.de/10011242287
increase in unemployment benefits. …
Persistent link: https://www.econbiz.de/10005076693
Macroeconomic Policies of the Economic and Monetary Union: Theoretical Underpinnings and Challenges Philip Arestis and Malcolm Sawyer, The Levy Economics Institute and Leeds University Abstract This paper presents two issues: first, an effort to decipher the type of economic analysis and...
Persistent link: https://www.econbiz.de/10005076715
In a monetary union, macroeconomic policies are strongly associated with externalities that seem to imply the need for macroeconomic policy coordination. However, if coordination is not complete, partial coordination might be unable to cope with the negative externalities arising from a...
Persistent link: https://www.econbiz.de/10005076726
-owned- enterprises' investments and tax revenue. Using this indicator, it can be shown that fiscal policy has been strongly counter …
Persistent link: https://www.econbiz.de/10005076727
This study is concerned with the components of the total seigniorage revenues that have been collected by the Turkish governments during the years 1970-1997. Traditionally, a government can increase the monetary base in order to finance its expenditures partially. This form of monetary finance...
Persistent link: https://www.econbiz.de/10005076728
The paper discusses and revisits some of the most popular stories behind the 2001 financial crisis in Argentina, i.e. the prolonged overvaluation of the peso owing to the Currency Board arrangement, the lack of fiscal adjustment, and the negative external environment which triggered a “sudden...
Persistent link: https://www.econbiz.de/10005076729
The recent economic literature shows a new interest in the links between politics and economics. In this paper, we join Hibbs’ partisanship theory with the literature of fiscal policies international co- ordination. Furthermore, by considering a monetary union context, we also open a new angle...
Persistent link: https://www.econbiz.de/10005076746