Showing 1 - 10 of 933
negative distributional impacts of VAT most effectively, while public investment leads to little redistribution …
Persistent link: https://www.econbiz.de/10012913913
In the paper we show that, most of the time, smooth reduction in the debt ratio is optimal for tax-smoothing purposes when fiscal risks are asymmetric, with large debt-augmenting shocks more likely than commensurate debt reducing shocks. Asymmetric risks are a feature of 200 years of data for...
Persistent link: https://www.econbiz.de/10012977785
discussion of fiscal redistribution within the standard social welfareframework, which lends itself to a transparent and … practical evaluation of the extent anddeterminants of fiscal redistribution. Differences in fiscal redistribution are decomposed …) and in the socialwelfare returns to targeting due to varying initial levels of income inequality (targetingreturns). This …
Persistent link: https://www.econbiz.de/10012889140
poverty and inequality in India during the pandemic. We have three main findings. First, India has made significant progress … have temporarily increased poverty and inequality. Second, education and employment status seem to be the main factors …
Persistent link: https://www.econbiz.de/10014349469
This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007-08. Sluggish investment was a key channel through which these losses...
Persistent link: https://www.econbiz.de/10012869286
This paper provides new evidence of the effect of monetary policy shocks on income inequality. Using a measure of … finds that contractionary (expansionary) monetary actions increase (reduce) income inequality. The effect, however, varies … business cycle, and across countries depending on the share of labor income and redistribution policies. In particular, we find …
Persistent link: https://www.econbiz.de/10012962145
growth. Our findings also suggest that inequality is not affected by the growth-friendly fiscal reforms analyzed in this …
Persistent link: https://www.econbiz.de/10012950407
Inclusive growth, narrowly defined in this paper as growth that helps reduce inequality, is achieved if consumption of …-percentile consumption diagnostics that could inform redistribution policies. The proposed framework is illustrated in application to Iraq …
Persistent link: https://www.econbiz.de/10012836529
Using data for advanced economies, this paper investigates whether factors identified in the theoretical and empirical literature explain the effectiveness of fiscal policy in responding to recessions. The results are informative about the fiscal response to recessions but provide only a partial...
Persistent link: https://www.econbiz.de/10013317893
This paper compiles and reviews the evolution of Japan's Public Sector Balance Sheet (PSBS). In the past, large crossholdings of assets and liabilities within the public sector played a role in sustaining a high level of public debt and low interest rates. The Fiscal Investment and Loan Fund...
Persistent link: https://www.econbiz.de/10012843318