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Persistent link: https://www.econbiz.de/10012309076
This paper investigates the association between greater income inequality, de-facto fiscal space, and sovereign spreads …. Using data from 50 countries in 2007, in 2009 and in 2011, we find that higher income inequality is associated with a lower … large: an increase in the Gini coefficient of inequality by 1 (in a scale of 0-100), is associated in 2011 with a lower tax …
Persistent link: https://www.econbiz.de/10009552172
Persistent link: https://www.econbiz.de/10009703923
Persistent link: https://www.econbiz.de/10009562202
This paper investigates the association between greater income inequality, de-facto fiscal space, and sovereign spreads …. Using data from 50 countries in 2007, 2009 and 2011, we find that higher income inequality is associated with a lower tax … margin, a one point of the Gini coefficient of inequality (in a scale of 0-100), is associated in 2011 with a lower tax base …
Persistent link: https://www.econbiz.de/10013104730
This note investigates the impact of greater income inequality on the tax base, on the defacto fiscal space, and the … sovereign spreads. Using data from 50 countries in 2005 and in 2010, we find that higher income inequality is associated with a … large: a one standard deviation increase of inequality is associated with a lower tax base of 28 % GDP, and with a higher …
Persistent link: https://www.econbiz.de/10009316243
This paper investigates the association between greater income inequality, de-facto fiscal space, and sovereign spreads …. Using data from 50 countries in 2007, 2009 and 2011, we find that higher income inequality is associated with a lower tax … margin, a one point of the Gini coefficient of inequality (in a scale of 0-100), is associated in 2011 with a lower tax base …
Persistent link: https://www.econbiz.de/10012460484
Can bad news about COVID-19 induce negative expectations on sovereign credit risks? We investigate the factors driving credit default swap (CDS) spreads of emerging market sovereigns around the outbreak of COVID-19. Using 2014-2019 data, we estimate a two-factor model of global and regional...
Persistent link: https://www.econbiz.de/10013236709
Persistent link: https://www.econbiz.de/10012795845
Almost all countries announced fiscal support programs once COVID-19 hit. However, there was significant diversity in the magnitude and composition of these fiscal stimulus programs. These differences were determined by myriad political, financial, social, and economic factors - these factors...
Persistent link: https://www.econbiz.de/10012628797