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of fiscal policy on income redistribution, and poverty in South Africa. We find, in accordance with previous research …, that direct taxes and cash transfers are overall progressive and reduce inequality and poverty. Our disaggregated analyses …
Persistent link: https://www.econbiz.de/10011883375
From a general perspective, one could argue that large State transformations are reflected in income, expenditure and employment. The information that the Dane on income (tax and nontax) is easier and more orderly than spending and employment. This difference is explained, in part because the...
Persistent link: https://www.econbiz.de/10014199682
We examine the relationship between changes in a country’s public sector fiscal position and inequality at the top and …-like indices of inequality as our measures to assess distributional changes. Based on the EU’s Statistics on Income and Living … rising inequality at the top. The data also weakly suggest a decrease in inequality at the bottom. The distributional impact …
Persistent link: https://www.econbiz.de/10011438362
national income (or wealth) appropriated by the same income group. In turn, we develop the Fiscal Inequality Coefficient which …
Persistent link: https://www.econbiz.de/10011756097
national income (or wealth) appropriated by the same income group. In turn, we develop the Fiscal Inequality Coefficient which …
Persistent link: https://www.econbiz.de/10011731886
This paper uses standard fiscal incidence analysis to study how much income redistribution and poverty reduction are … heterogeneity in the income inequality and poverty-reducing power of LAC fiscal systems. While all LAC fiscal systems reduce income … inequality, fiscal systems in nine LAC countries are poverty-increasing, and this startling characteristic has not improved over …
Persistent link: https://www.econbiz.de/10014546273
Long shunned as slow and ill timed, the response to the Covid-19 pandemic initiated a reassessment of fiscal policy as stabilisation tool. At the same time, there is ample evidence that major economic downturns produce lasting effects on real GDP in spite of active fiscal policy interventions....
Persistent link: https://www.econbiz.de/10013448651
Most parts of the Euro area have seen seven years of deep economic crisis. The strategy of tightening the fiscal constraints of the SGP has driven many member states into austerity. In contrast, the golden rule of public investment proposed in this study would be one important element of the...
Persistent link: https://www.econbiz.de/10011336549
The New Consensus approach in macroeconomics is criticised for its exclusive but unwarranted reliance on stabilising monetary policies, for its ill-designed approach to the role of wages and wage policies, and for its complete neglect of fiscal policies. From a Post-Keynesian perspective, it is...
Persistent link: https://www.econbiz.de/10003744540
than at the bottom. Despite this, inequality in market incomes as measured by the Gini coefficient increased over the …
Persistent link: https://www.econbiz.de/10012213206