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Optimal Tax/Expenditure Competition Strategy of Governments in the Presence of Time Inconsistency : The Case for Investment Tax Abacemencs

International Monetary Fund - 1990

Businesses which seek the location that offers the highest profitability are likely to consider tax incentives and the level of government services available. However, once a business commits itself to a locality, high moving costs render it vulnerable to future tax increases or denial of...

Persistent link: https://www.econbiz.de/10014396504

Financial globalization and inequality : capital flows as a two-edged sword

Eichengreen, Barry; Csonto, Balazs; ElGanainy, Asmaa Adel; … - 2021

Persistent link: https://www.econbiz.de/10012487207

Tax policy and inclusive growth

Abdel-Kader, Khaled; Mooij, Ruud A. de - 2020

This paper discusses the theory and practice of tax design to achieve an efficient and equitable outcome, id est in support of inclusive growth. It starts with a discussion of the key principles from tax theory to guide practical tax design. Then, it elaborates on more granular tax policy,...

Persistent link: https://www.econbiz.de/10012485968

Pandemics and inequality : perceptions and preferences for redistribution

Balasundharam, Vybhavi; Dabla-Norris, Era - 2021

This paper uses an individual-level survey conducted by the Edelman Trust Barometer in mid-April for 11 advanced and emerging market economies to examine perceptions of government performance in managing the health and economic crisis, beliefs about the future, and attitudes about...

Persistent link: https://www.econbiz.de/10012518743

The political economy of inclusive growth : a review

Dutzler, Barbara; Johnson, Simon; Muthoora, Priscilla - 2021

In this paper, we review the role of the political economy in inclusive growth. We find that political economy forces on the demand and supply side have weakened redistribution over time and contributed to a new wave of populism. We document growing support for a rethink of the social contract...

Persistent link: https://www.econbiz.de/10012518977

The Effects of Government Spending Under Limited Capital Mobility

Shen, Wenyi - 2012

This paper studies the effects of government spending under limited international capital mobility, as featured by most developing countries. While external financing of government debt mitigates the crowding-out effect, it generates real appreciation, which contracts traded output and lowers...

Persistent link: https://www.econbiz.de/10014396563

Growth and Capital Flows with Risky Entrepreneurship

Sandri, Damiano - 2010

This paper shows that the behavior of entrepreneurs facing incomplete financial markets and risky investment can explain why growth accelerations in developing countries tend to be associated with current account improvements. The uninsurable risk of losing invested capital forces entrepreneurs...

Persistent link: https://www.econbiz.de/10014404314

Taxation and Endogenous Growth in Open Economies

Roubini, Nouriel - 1994

This paper examines the effects of taxation of human capital, physical capital and foreign assets in a multi-sector model of endogenous growth. It is shown that in general the growth rate is reduced by taxes on capital and labor (human capital) income. When the government faces no borrowing...

Persistent link: https://www.econbiz.de/10014398097

Should inequality factor into central banks' decisions?

Hansen, Niels-Jakob Harbo; Lin, Alessandro; Mano, Rui - 2020

Inequality is increasingly a concern. Fiscal and structural policies are well-understood mitigators. However, less is … known about the potential role of monetary policy. This paper investigates how inequality matters for monetary policy within … a tractable Two-Agent New Keynesian model that captures important dimensions of inequality. We find some support for …

Persistent link: https://www.econbiz.de/10012391912

Personal income tax progressivity : trends and implications

Gerber, Claudia; Klemm, Alexander; Liu, Li; Mylonas, Victor - 2018

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/10011978377

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