Distribution neutral fiscal policy refers to a structure of taxes and transfers that keep the income distribution unchanged even after positive or negative shocks to an economy. This is referred to as a Strong Pareto Superior (SPS) allocation which improves the standard Pareto criterion by...

Cover -- Contents -- Foreword -- Acknowledgments -- PART I: TRENDS IN INCOME INEQUALITY AND THE REDISTRIBUTIVE ROLE OF FISCAL POLICY -- 1 Fiscal Policy and Income Inequality: An Overview -- 2 The IMF and Income Distribution -- 3 Inequality and Fiscal Redistribution in Advanced Economies -- 4...

Intro -- Contents -- I. INTRODUCTION -- II. EMPIRICAL METHODOLOGY AND SAMPLE -- III. GROWTH AND FISCAL ADJUSTMENT IN TRANSITION COUNTRIES: SOME STYLIZED FACTS -- IV. ECONOMETRIC MODEL RESULTS -- V. QUALITATIVE ANALYSIS OF COUNTRY EXPERIENCES -- VI. CONCLUSIONS -- References.

This paper studies the effects of fiscal policy response in 118 episodes of systemic banking crisis in advanced and emerging market countries during 1980-2008. It finds that timely countercyclical fiscal measures contribute to shortening the length of crisis episodes by stimulating aggregate...

Cover -- Contents -- Foreword -- Acknowledgments -- Contributors -- INTRODUCTION -- 1 Fiscal Politics -- PART I: ELECTIONS, IDEOLOGY, AND POLITICAL FRAGMENTATION -- 2 Governments and Promised Fiscal Consolidations: Do They Mean What They Say? -- 3 Fiscal Policy over the Election Cycle in...

This paper analyses the fiscal effects of armed conflict and terrorism on low- and middle-income countries. An analysis of 22 conflict episodes shows that armed conflict is associated with lower growth and higher inflation and has adverse effects on tax revenues and investment. It also leads to...