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Norregaard, John - 1997

In their effort to finance fiscal deficits at a reasonable cost, governments compete with other users of financial capital. Governments, however, are in the unique position that they are the only debt suppliers that can determine the taxation of debt instruments they issue. Following an overview...

Persistent link: https://www.econbiz.de/10014403365

Who will bear the brunt of lockdown policies? : evidence from tele-workability measures across countries

Brussevich, Mariya; Dabla-Norris, Era; Khalid, Salma - 2020

Lockdowns imposed around the world to contain the spread of the COVID-19 pandemic are having a differential impact on economic activity and jobs. This paper presents a new index of the feasibility to work from home to investigate what types of jobs are most at risk. We estimate that over 97.3...

Persistent link: https://www.econbiz.de/10012251964

Assessing Fiscal Sustainability : A Cross Country Comparison

Croce, Enzo - 2003

To monitor fiscal sustainability, this paper proposes a recursive algorithm derived from the law of motion of the debt-to-GDP ratio, subject to a government reaction function that links convergence to the targeted debt ratio with primary fiscal surpluses. Based on quarterly estimates of this...

Persistent link: https://www.econbiz.de/10014400141

Tax Composition and Growth : A Broad Cross-Country Perspective

Acosta Ormaechea, Santiago - 2012

We investigate the relation between changes in tax composition and long-run economic growth using a new dataset covering a broad cross-section of countries with different income levels. We specifically consider 69 countries with at least 20 years of observations on total tax revenue during the...

Persistent link: https://www.econbiz.de/10014395597

The Aging of the Population and the Size of the Welfare State

Swagel, Phillip - 2002

Data for the United States and countries in Western Europe indicate a negative correlation between the dependency ratio and both labor tax rates and the generosity of social transfers, after controlling for other factors that influence the size of the welfare state. This is despite the increased...

Persistent link: https://www.econbiz.de/10014399587

Eurosclerosis or Financial Collapse : Why Did Swedish Incomes Fall Behind?

Cerra, Valerie - 2005

Sweden represents an archetypal welfare state economy, with extensive government safety nets. Some scholars have attributed a decline in its per capita income ranking since 1970 to ""eurosclerosis"" or sluggish growth caused by distortionary policies. This paper argues rather, that the permanent...

Persistent link: https://www.econbiz.de/10014401139

Investing in public investment : an index of public investment efficiency

Dabla-Norris, Era; Brumby, Jim; Kyobe, Annette; Mills, Zac - 2011

Persistent link: https://www.econbiz.de/10009487110

The redistributive effects of financial deregulation

Korinek, Anton; Kreamer, Jonathan - 2013

Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the …

Persistent link: https://www.econbiz.de/10010233893

Improving public infrastructure in the Philippines

Komatsuzaki, Takuji - 2016

public investment efficiency, it uses model simulations to assess the macroeconomic implications of raising public investment … and improving public investment efficiency. The main results are as follows: (i) increasing public infrastructure … investment results in sustained gains in output; (ii) the effects of improving public investment efficiency are substantial; and …

Persistent link: https://www.econbiz.de/10011445379

From expenditure consolidation to expenditure efficiency : addressing public expenditure pressures in Lithuania

Coady, David P.; Geng, Nan - 2015

to improve spending efficiency and contain future spending pressures. The analysis benchmarks spending in Lithuania …

Persistent link: https://www.econbiz.de/10011445593

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