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The Quest for the Holy Grail : Efficient and Equitable Fiscal Consolidation in India
Abdallah, Chadi - 2015
Achieving fiscal consolidation without undermining growth and poverty-reduction efforts is a key policy challenge in many countries. Using India as an illustration, this paper shows how a mix of well-designed taxation and spending policies can help address these challenges. On the tax side, the...
Persistent link: https://www.econbiz.de/10013016605
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The Fiscal and Welfare Impacts of Reforming Fuel Subsidies in India
Anand, Rahul - 2013
Rising fuel subsidies have contributed to fiscal pressures in India. A key policy concern regarding subsidy reform is … implications of fuel subsidy reform in India. Fuel subsidies are found to be badly targeted, with the richest ten percent of … groups. Better targeting of fuel subsidies would fully protect lower income households while still generating substantial net …
Persistent link: https://www.econbiz.de/10013080453
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Measuring the Redistributive Capacity of Tax Policies
Vellutini, Charles; Benitez, Juan Carlos - 2022
This paper presents a novel technique to measure and compare the redistributive capacity of observed tax (or transfer) policies. The technique is based on income distribution simulations and controls for differences in pre-tax income distributions. It assumes that the only information on the...
Persistent link: https://www.econbiz.de/10013306736
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Is China Over-Investing and Does it Matter?
Lee, Il Houng - 2013
Now close to 50 percent of GDP, this paper assesses the appropriateness of China's current investment levels. It finds that China's capital-to-output ratio is within the range of other emerging markets, but its economic growth rates stand out, partly due to a surge in investment over the last...
Persistent link: https://www.econbiz.de/10013089304
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It's Not What You Make, It's How You Use it : Measuring the Welfare Benefits of the it Revolution Across Countries
Bayoumi, Tamim; Haacker, Markus - 2021
This paper analyzes the welfare benefits from falling relative prices of IT (information technology) goods across a wide range of countries. We find, using two separate methodologies and datasets, that welfare benefits mainly accrue to users of IT, not their producers, because of falling...
Persistent link: https://www.econbiz.de/10013317887
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Mortgage Defaults
Hatchondo, Juan Carlos - 2012
This paper incorporates house price risk and mortgages into a standard incomplete market (SIM) model. The model is calibrated to match U.S. data and accounts for non-targeted features of the data such as the distribution of down payments, the life-cycle profile of home ownership, and the...
Persistent link: https://www.econbiz.de/10013111389
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Taxation and Development - Again
Keen, Michael - 2012
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/10013098586
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Mobilizing Revenue in Sub-Saharan Africa : Empirical Norms and Key Determinants
Drummond, Paulo - 2012
Mobilizing more revenue is a priority for sub-Saharan African (SSA) countries. Countries have to finance their development agendas, and weak revenue mobilization is the root cause of fiscal imbalances in several countries. This paper reviews the experience of low-income SSA countries in...
Persistent link: https://www.econbiz.de/10013101517
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Growth Forecast Errors and Fiscal Multipliers
Blanchard, Olivier J. - 2013
This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated with lower growth than expected, with the relation being particularly strong,...
Persistent link: https://www.econbiz.de/10013085993
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Coordinating Climate and Trade Policies : Pareto Efficiency and the Role of Border Tax Adjustments
Keen, Michael - 2013
This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue of whether some form of border tax adjustment (BTA) is warranted when carbon prices differ internationally. It shows that tariff policy has a role in easing cross-country...
Persistent link: https://www.econbiz.de/10013088408