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The main tasks of central banks are to secure price and financial stability. These objectives can, in times of crises, conflict with one another, and the central bank may have to renounce one of them in order to secure the other. In a monetary union, this trade-off can be exacerbated by the...
Persistent link: https://www.econbiz.de/10005826053
This paper analyzes developments in non-oil tax policy, administration, and revenues in Azerbaijan, and suggests measures for further improvement. The main finding is that Azerbaijan's non-oil tax revenues increased significantly as a share of non-oil GDP in the last five years, but remain below...
Persistent link: https://www.econbiz.de/10005826278
This paper discusses the foundations for a medium-term fiscal framework for Bulgaria, a transition economy aspiring to join the European Union. The paper argues that a well-designed framework can help to enhance the credibility of macroeconomic policies and facilitate preparations for EU...
Persistent link: https://www.econbiz.de/10005826341
Starting in the early 1990s, the Baltics, Russia, and other (BRO) countries of the former Soviet Union initiated tax reforms that varied widely at the later stages. Recently, some of the BRO countries, basing decisions on the proposition that lowering of the top marginal income tax rate would...
Persistent link: https://www.econbiz.de/10005768818
This paper discusses important tax policy issues facing developing countries today. It views tax policy from both the macroeconomic perspective, which focuses on broad questions such as the level and composition of tax revenue, and the microeconomic perspective, which focuses on certain design...
Persistent link: https://www.econbiz.de/10005769236
Tax reform in Latin America during the 1980s emphasized broad-based, low-rate consumption taxes over steeply progressive income and property taxes, primarily to simplify the tax structure and facilitate tax administration. While tax reform need not necessarily raise tax-to-GDP ratios, countries...
Persistent link: https://www.econbiz.de/10005599385
This paper analyzes the extent to which the degree of international economic integration, both financial and trade, affects corporate tax rates. It explores this issue in the context of strategic behavior by countries, taking into account other global and domestic political economy factors. Tax...
Persistent link: https://www.econbiz.de/10011123823
Persistent link: https://www.econbiz.de/10013042567
This paper studies the effect of digitalization on the perception of corruption and trust in tax officials in Africa … digital adoption is associated with a reduction in the perception of corruption and an increase in trust in tax officials … the use of Internet on the perception of corruption. Yet, the paper shows that the dampening effect of digitalization on …
Persistent link: https://www.econbiz.de/10014408790
corruption increases the loss of human lives caused by natural disasters, using a large panel of 135 countries during the period … 1980-2020. The econometric analysis provides convincing evidence that corruption increases the number of disaster … corruption in a given country, the greater the number of fatalities as a share of population due to natural disasters. Our …
Persistent link: https://www.econbiz.de/10015059047