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This paper presents baseline results from the latest version of EUROMOD (version I3.0+), the tax …-benefit microsimulation model for the EU. First, we briefly report the process of updating EUROMOD. We then present indicators for income …. Finally, we provide estimates of marginal effective tax rates (METR) for all 28 EU countries in order to explore the effect of …
Persistent link: https://www.econbiz.de/10012549268
This paper presents baseline results from the latest version of EUROMOD (version I2.0+), the tax …-benefit microsimulation model for the EU. First, we briefly report the process of updating EUROMOD. We then present indicators for income …. Finally, we provide estimates of marginal effective tax rates (METR) for all 28 EU countries in order to explore the effect of …
Persistent link: https://www.econbiz.de/10012439009
tax-benefit microsimulation model for Russia (RUSMOD) which is based upon the EUROMOD platform. RUSMOD simulates the …The Russian tax-benefit system consists of numerous types of support available to a large circle of beneficiaries; they … impact of the tax-benefit policies on income distribution and poverty in Russia. This paper describes the construction of a …
Persistent link: https://www.econbiz.de/10009626141
representatives of alternative family policy models. Using microsimulation models (RUSMOD and EUROMOD), this paper estimates the … applying the mix of universal and means-tested child benefits, such as those employed by the UK and Belgium. At the same time …
Persistent link: https://www.econbiz.de/10010235247
RUSMOD is a static tax-benefit microsimulation model for Russia. The model can be used for ex post and ex ante … evaluation of reforms of personal income taxation and social benefits in Russia. In addition, being compatible with EUROMOD, the … Russian model is suitable for simulation of cross-country policy transfers. The aim of this paper is to shed light on various …
Persistent link: https://www.econbiz.de/10009738929
The sharp rise in debt experienced by most OECD countries raises questions about the prudent debt level countries should target. It also raises questions about the fiscal frameworks needed to reach them and to accommodate cyclical fluctuations along the path towards a prudent debt target. The...
Persistent link: https://www.econbiz.de/10011399529
To investigate how public finances could best be designed to promote long-run growth and address inequality, it is essential to have comprehensive, cross-country comparable data on government spending and revenues, along with structural and policy indicators. By identifying key variables of...
Persistent link: https://www.econbiz.de/10011578193
New indicators measuring the effects of public spending on inclusive growth have been constructed using recent empirical work by Fournier and Johansson (2016) and a recent public finance dataset (Bloch et al., 2016). A first set of indicators combines information on the mix of public spending....
Persistent link: https://www.econbiz.de/10011914165
This paper investigates the effect of structural characteristics on debt limits of middle income countries. Two equations relate the probability of default to the interest rate. First, the probability of default is estimated with a logit model. Second, the assumption of non-arbitrage opportunity...
Persistent link: https://www.econbiz.de/10011914290
This paper provides robust empirical evidence that government effectiveness is a key determinant of sovereign defaults. Government effectiveness is measured by a broad-based perception index of the Worldwide Governance Indicators database (WGI) disseminated by the World Bank. Public debt and...
Persistent link: https://www.econbiz.de/10011914292