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Smooth Operator : Remittances and Fiscal Shocks
Beaton, Kimberly - 2017
With 250 million migrants globally, remittances are one of the major sources of income in many developing countries. While there is abundant evidence that remittances facilitate consumption smoothing in receiving countries, the literature has not considered whether this effect varies with the...
Persistent link: https://www.econbiz.de/10012950376
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Unemployment Benefits Versus Conditional Negative Income Taxes
Snower, Dennis J. - 2006
The paper analyzes the wage-employment effects of replacing unemployment benefits by negative income taxes. It first surveys the major equity and efficiency effects of unemployment benefits versus negative income taxes, and summarizes the salient features of many European unemployment benefit...
Persistent link: https://www.econbiz.de/10012781892
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Personal Income Tax Progressivity : Trends and Implications
Gerber, Claudia - 2019
This paper discusses how the structure of the tax system affects its progressivity. It suggests a measure of progressive capacity of tax systems, based on the Kakwani index, but independent of pre-tax income distributions. Using this and other progressivity measures, the paper (i) documents a...
Persistent link: https://www.econbiz.de/10012895137
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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 the adverse welfare impact on households, in particular poor households. This paper evaluates the fiscal and welfare implications of fuel subsidy reform in India. Fuel subsidies...
Persistent link: https://www.econbiz.de/10013080453
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Policy Responses to High Energy and Food Prices
Amaglobeli, David; Gu, Mengfei; Thevenot, Celine; … - 2023
The surge in energy and food prices, which was amplified by Russia’s invasion of Ukraine, has prompted a flurry of policy responses by countries during 2022. The aim of these policy responses was to mitigate social and economic impact of higher prices. In this paper we document announcements...
Persistent link: https://www.econbiz.de/10014351358
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Shock Therapy! What Role for Thai Monetary Policy?
Alp, Harun - 2012
Thailand had to endure three major shocks during 2008-2011: the global financial crisis, the Japanese earthquake, and the Thai floods of 2011. Over this period, consistent with its inflation targeting framework, the Bank of Thailand (BOT) let the exchange rate depreciate and cut interest rates...
Persistent link: https://www.econbiz.de/10013096276
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The Differential Effects of Oil Demand and Supply Shocks on the Global Economy
Cashin, Paul Anthony - 2012
-consequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic …
Persistent link: https://www.econbiz.de/10013098275
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Public Debt Dynamics : The Effects of Austerity, Inflation, and Growth Shocks
Cherif, Reda - 2012
austerity shock, the debt ratio initially declines and then returns to its pre-shock path. Yet, the effect is not statistically … significant. In a weak economic environment, the likelihood of a self-defeating austerity shock is much higher than in normal … times. An inflation shock only slightly reduces the debt ratio for a few quarters. A positive growth shock unambiguously …
Persistent link: https://www.econbiz.de/10013098577
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Inflation Responses to Commodity Price Shocks - How and Why Do Countries Differ?
Ustyugova, Yulia - 2012
, however, appears very modest and not evident during the 2008 food price shock. The evidence suggests that trade openness …
Persistent link: https://www.econbiz.de/10013098581
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The Trade Impact of China on EMU : is it Even Across Members?
Mikkelsen, Uffe - 2012
This paper investigates the asymmetries in trade spillovers from sector-specific technology shocks in China to selected euro area countries. We use a Ricardian-gravity trade model to estimate sectoral competitiveness in individual euro area countries. Simulations on the impact of productivity...
Persistent link: https://www.econbiz.de/10013098585