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macroeconomic stabilisation function, e.g. in the form of a European Unemployment Insurance (EUI), could in theory help stabilise …
Persistent link: https://www.econbiz.de/10013315391
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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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
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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Most of the EU budget is spent on redistribution. Large sums of money are transferred from the member state governments … economists agree that the resources of the budget should be reallocated from redistribution towards the provision of more Union … large redistribution and few Union-wide public goods. In order to break the deadlock, a complementary budget procedure is …
Persistent link: https://www.econbiz.de/10001784058
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