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Is Housing Wealth an 'ATM'? The Relationship Between Household Wealth, Home Equity Withdrawal, and Saving Rates.
Klyuev, Vladimir - 2006
Intro -- Contents -- I. INTRODUCTION -- II. HAVE SAVING RATES REALLY FALLEN? -- III. LIKELY IMPACT OF FINANCIAL INNOVATION AND LIBERALIZATION ON HOME EQUITY WITHDRAWAL ( HEW) AND SAVING -- IV. TRENDS IN HEWAND HOUSEHOLD SAVING ACROSS COUNTRIES -- V. HOW DOES HEW AFFECT HOUSEHOLD SAVING? -- VI....
Persistent link: https://www.econbiz.de/10012691040
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The Rich and the Great Recession
Bakker, Bas B.; Felman, Joshua - International Monetary Fund (IMF) - 2014
rich followed a similar pattern, the result of wealth effects associated with a boom-bust in asset prices. Indeed, the … top 10 percent account for almost half of income and two-thirds of wealth. In other words, the rich played a critical role …
Persistent link: https://www.econbiz.de/10011105398
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Does a Wealth Tax Improve Equality of Opportunity? Evidence from Norway
Berg, Kristoffer - 2021
Does parental wealth inequality impact next generation labor income inequality? And does a tax on parental wealth … intergenerational data from Norway, focusing on effects on wages rather than capital income. Results suggest that a net wealth of NOK 1 …. The estimated hypothetical wage distribution without the wealth tax is more unequal. Moreover, suggestive evidence …
Persistent link: https://www.econbiz.de/10015057904
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Alternative Forms of Mineral Taxation, Market Failure and the Environment
Muzondo, Timothy R. - International Monetary Fund (IMF) - 1992
This paper examines the environmental effects of mineral taxes in a framework that recognizes the importance of rates and cumulative externalities and proposes an appropriate corrective tax. It concludes that mineral resources taxation should combine neutral taxes with a dynamic Pigovian type...
Persistent link: https://www.econbiz.de/10005263912
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Economic and Environmental Benefits of Eliminating Log Export Bans; The Case of Costa Rica
Kishor, Nalin M.; Mani, Muthukumara; Constantino, Luis F. - International Monetary Fund (IMF) - 2001
An increasing number of tropical timber producing nations have enacted bans on export of logs. Proponents argue that a log export ban is a second-best policy tool for addressing environmental externalities; it also creates more jobs and improves scale efficiencies domestically. Theoretical...
Persistent link: https://www.econbiz.de/10005825769
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Public Expenditure Policy and the Environment; A Review and Synthesis
Miranda, Kenneth M.; Parry, Ian W.H.; Gupta, Sanjeev - International Monetary Fund (IMF) - 1993
identifies areas of public expenditure policy that interact with the environment. It argues that a reform of certain types of … tend to benefit the environment, thereby moving an economy towards ‘sustainable’ development. …
Persistent link: https://www.econbiz.de/10005825826
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The Complier Pays Principle; The Limits of Fiscal Approaches toward Sustainable Forest Management
Leruth, Luc E.; Paris, R.; Ruzicka, I. - International Monetary Fund (IMF) - 2000
This paper examines the role and impact of taxation on sustainable forest management. It is shown that fiscal instruments neither reinforce nor substitute for traditional regulatory approaches. Far from encouraging more sustainable forest management, fiscal instruments such as an inappropriate...
Persistent link: https://www.econbiz.de/10005768783
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Indirect Taxeson International Aviation
Strand, Jon; Keen, Michael - International Monetary Fund (IMF) - 2006
This paper examines the case for internationally coordinated indirect taxes on aviation (as a source of general revenue-not (necessarily) as a source of development finance). The case for such taxes is strong: the tax burden on international aviation is currently limited, yet it contributes...
Persistent link: https://www.econbiz.de/10005769201
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Social Capital and Civil Society
Fukuyama, Francis - International Monetary Fund (IMF) - 2000
Social capital is an instantiated informal norm that promotes cooperation between individuals. In the economic sphere it reduces transaction costs, and in the political sphere it promotes the kind of associational life that is necessary for the success of limited government and modern democracy....
Persistent link: https://www.econbiz.de/10005769240
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Optimal Fiscal Policy and the Environment
Ligthart, Johanna Elisabeth - International Monetary Fund (IMF) - 1998
the environment, public funds are inexpensive, and public abatement is relatively productive. The analysis also shows that …
Persistent link: https://www.econbiz.de/10005599649