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Do immigrants bring fiscal dividends? : the case of Venezuelan immigration in Colombia
Valencia, Oscar M.; Angarita, Matilde; Santaella, Juan; … - 2020
This paper analyzes the effects of recent Venezuelan immigration to Colombia on the fiscal balance, the labor market …
Persistent link: https://www.econbiz.de/10012587040
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Should the rich be taxed more? : the fiscal inequality coefficient
Hatgioannides, John; Karanassou, Marika; Sala, Hector - 2017
This paper holistically addresses the effective (relative) income tax contribution of a given income (or, wealth) group. The widely acclaimed standard in public policy is the absolute benefaction of a given income group in filling up the fiscal coffers. Instead, we focus on the ratio of the...
Persistent link: https://www.econbiz.de/10011756097
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Fiscal policy, income redistribution, and poverty reduction in Latin America
Lustig, Nora; Martinez Pabon, Valentina; Pessino, Carola - 2023
This paper uses standard fiscal incidence analysis to study how much income redistribution and poverty reduction are …
Persistent link: https://www.econbiz.de/10014546273
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A fiscal rule to achieve debt sustainability in Colombia
Arbeláez, María Angélica; Benítez, Miguel; Steiner, … - 2021
In order to enhance fiscal sustainability and regain “investment grade” credit rating, in 2011 Colombia implemented a …
Persistent link: https://www.econbiz.de/10012586878
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The political economy of redistribution and (in) efficiency in Latin America and The Caribbean
Altube, Matias Guizzo; Scartascini, Carlos G.; Tommasi, … - 2023
“the rich are powerful and they dont like taxes, hence we have little taxation and little redistribution.” That is a good … taxation and non-negligible redistributive efforts. But in some of those cases such redistribution comes hand in hand with … outcomes (including the degree of redistribution and others). We postulate that each configuration of social outcomes emerges …
Persistent link: https://www.econbiz.de/10014546295
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Reverse causality between oil policy and fiscal policy? : the Venezuelan experience
Manzano, Osmel; Saboin, José Luis - 2021
This paper uses a model of intergenerational accounting to simulate the intergenerational distribution of oil wealth in Venezuela. Venezuelan oil production does not seem to follow an optimal extraction path. Nevertheless, this is true if we do not consider what the government does with the...
Persistent link: https://www.econbiz.de/10012583980
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Expansionary and contractionary fiscal multipliers in the U.S.
Kapetanios, George; Koutroumpis, Panagiotis; Tsoukis, … - 2022
We estimate the fiscal (spending) multiplier using quarterly U.S. data, 1986-2017. We define government spending shocks as actual minus expected expenditure growth, the latter obtained from the Survey of Professional Forecasters. We employ the ST-VAR model with the local projections method. A...
Persistent link: https://www.econbiz.de/10013191269
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The role of MPC heterogeneity for fiscal and monetary policy in the Euro Area
Albacete, Nicolas; Fessler, Pirmin; Pekanov, Atanas - 2024
Closely following the seminal contribution of Jappelli and Pistaferri (2014) - based on Italian household survey data - we employ data of 22 European countries to assess the role of heterogeneity of the marginal propensity to consume (MPC) for fiscal policy in the Euro area. We document an...
Persistent link: https://www.econbiz.de/10014486919
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The effects of increases in carbon prices in Malta : a study using MEDSEA-NRG
Rapa, Noel - 2024
This paper documents the extension of MEDSEA, a small open economy DSGE model for Malta, with a detailed energy sector. The model contains relatively rich fiscal and energy blocks allowing the model to simulate the transitional costs related to the economy's decarbonisation, together with the...
Persistent link: https://www.econbiz.de/10014633518
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Larger transfers financed with more progressive taxes? : on the optimal design of taxes and transfers
Ferriere, Axelle; Grubener, Philipp; Navarro, Gaston; … - 2021
Persistent link: https://www.econbiz.de/10012698516