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Could/should Jubilee debt cancellations be reintroduced today?
Hudson, Michael; Goodhart, Charles A. E. - 2018
In this paper the authors recall the history of Jubilee debt cancellations, emphasizing what their social purpose was at that time. They note that it would not be possible to copy that procedure exactly nowadays, primarily because most debt/credit relationships are intermediated via financial...
Persistent link: https://www.econbiz.de/10011821401
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Could/should Jubilee debt cancellations be reintroduced today? If not, what alternative measures of debt relief and redistribution might be possible?
Hudson, Michael; Goodhart, Charles A. E. - 2018
In this paper the authors recall the history of Jubilee debt cancellations, emphasizing what their social purpose was at that time. They note that it would not be possible to copy that procedure exactly nowadays, primarily because most debt/credit relationships are intermediated via financial...
Persistent link: https://www.econbiz.de/10011873351
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Redistribution in the age of austerity : evidence from Europe, 2006-13
Schneider, Markus; Kinsella, Stephen; Godin, Antoine - 2015
We examine the relationship between changes in a country’s public sector fiscal position and inequality at the top and bottom of the income distribution during the age of austerity (2006–13). We use a parametric Lorenz curve model and Gini-like indices of inequality as our measures to assess...
Persistent link: https://www.econbiz.de/10011438362
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The Distributional Implications of Fiscal Devaluations
Giagheddu, Marta - 2020
This paper explores the distributional implications of a fiscal devaluation acquired through a shift from labor to consumption taxes in an open-economy Heterogeneous Agents New Keynesian model with incomplete markets and uninsurable income risk. A permanent fiscal devaluation perfectly mimicking...
Persistent link: https://www.econbiz.de/10012828331
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The distributional impacts of fiscal policy : the case of the Philippines
Son, Hyun H. - 2022
The distributional impacts of fiscal policies are instrumental in reducing inequality in countries like the Philippines, where inequality has been persistently high. This paper assesses how equitable various taxes and transfers in the Philippines are by deriving the elasticities of Atkinson and...
Persistent link: https://www.econbiz.de/10013207209
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Imperfect financial markets and the cyclicality of social spending
Froemel, Maren; Paczos, Wojtek - 2024
This paper explores the link between default risk and fiscal procyclicality. We show that countries with higher sovereign risk have a more procyclical fiscal expenditure policy, which is driven mostly by transfers. We build a small open economy model with income inequality, social transfers, and...
Persistent link: https://www.econbiz.de/10014490852
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The redistributive impact of taxes and transfers
Joumard, Isabelle; Londoño Vélez, Juliana - 2013
Income inequality in Colombia has declined since the early 2000s but remains very high by international standards …
Persistent link: https://www.econbiz.de/10009769634
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Revisiting the impact of direct taxes and transfers on poverty and inequality in South Africa
Maboshe, Mashekwa; Woolard, Ingrid - 2018
of fiscal policy on income redistribution, and poverty in South Africa. We find, in accordance with previous research …
Persistent link: https://www.econbiz.de/10011883375
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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 in-come (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/10011731886
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Fiscal Policy in Colombia : Tapping its Potential for a More Equitable Society
Moller, Lars Christian - 2012
Colombia has the seventh highest Gini coefficient of income inequality in the world. The Santos Administration is aware … OECD, which exhibits much lower income disparities, mainly as a result of effective policies of fiscal redistribution. In … Colombia, meanwhile, direct taxes, indirect taxes, and monetary transfers hardly dent the high Gini coefficient. To reduce …
Persistent link: https://www.econbiz.de/10011395377