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mitigation, while levies/feebates offer a practical approach for reducing maritime and aviation emissions …
Persistent link: https://www.econbiz.de/10012518755
Pacific island countries (PICs) rely on national airlines for connectivity, trade, and tourism. These airlines are being struck hard by COVID-19. Losses will weigh on public sector balance sheets and pose risks to economic recovery. With a backdrop of tight fiscal space and increasing government...
Persistent link: https://www.econbiz.de/10012605642
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 significantly to border-crossing environmental damage. A tax on aviation fuel would …
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As the U.S. Fed begins to increase the Federal Funds rate, interest rates in Hong Kong SAR will rise in tandem under the Currency Board system. While domestic economic activity in Hong Kong SAR remained resilient in previous rate hike cycles, there is a concern that the impact of higher interest...
Persistent link: https://www.econbiz.de/10011434717
During the last decade, Hong Kong SAR has experienced a large increase in house prices and credit, prompting the authorities to respond with several rounds of tightening macroprudential rules and increasing stamp duty taxes. This paper provides a Dynamic Stochastic General Equilibrium (DSGE)...
Persistent link: https://www.econbiz.de/10012252747
The paper assesses the price and wage flexibility in Hong Kong SAR. At the aggregate level, it compares Hong Kong SAR with the United States, the United Kingdom and Singapore by examining the three commonly used macroeconomic relationships among inflation, unemployment, wage growth, and output...
Persistent link: https://www.econbiz.de/10011716450