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Monetary policy, trends in real interest rates and depressed demand
Beaudry, Paul; Meh, Césaire Assah - 2021 - Last updated: August 16, 2021
Over the last few decades, real interest rates have trended downward in many countries. The most common explanation is that this reflects depressed demand due to demographic, technological and other real factors such as income inequality. In this paper we explore the claim that these trends may...
Persistent link: https://www.econbiz.de/10012546126
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Impact of Tax and Transfers on Income Inequality and Budget Deficit : A CGE Analysis for Pakistan
Bhatti, Arshad - 2015
This paper analyzes the impact of tax and transfers on income distribution. We use a simple Computable General … Matrix (SAM) 2008 as developed by Debowicz et al (2012). To explore the impact of tax and transfers on income inequality, two … Hoover's Indexes. Our results show that a policy mix of sales tax, income tax and government expenditures helps in reducing …
Persistent link: https://www.econbiz.de/10013010357
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Does labor supply modeling affect findings of transport policy analyses?
Hirte, Georg; Tscharaktschiew, Stefan - 2015 - This version: January 18, 2015
The transport and urban economics literature applies different labor supply approaches when studying economic or planning instruments. Some studies assume that working hours are endogenous while the number of workdays is given, whereas others model only decisions on workdays. Unfortunately,...
Persistent link: https://www.econbiz.de/10011521752
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Taxation and Liquidity
Listokin, Yair - 2011
an income tax alters the tradeoff between asset liquidity and yield because: (1) high yields from illiquid assets are … the absence of an income tax. These distortions foster an excessively large financial sector, which exists in large part … to create (tax-favored) liquidity. The tax wedge between liquidity and yield also creates clientele effects, in which low …
Persistent link: https://www.econbiz.de/10013128032
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Bargaining over Taxes and Entitlements in the Era of Unequal Growth
Azzimonti, Marina; Karpuska, Laura; Mihalache, Gabriel - National Bureau of Economic Research - 2022
Entitlement programs have become an increasing component of total government spending in the US over the last six decades. To some observers, this growth of the welfare state is excessive and unwarranted. To others, it is a welcome counter-acting force to the rapid increase in income inequality....
Persistent link: https://www.econbiz.de/10013210072
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Welfare implications of public education spending rules
Angelopoulos, Konstantinos; Malley, James R.; … - 2008
In this paper, we quantitatively assess the welfare implications of alternative public education spending rules. To this end, we employ a dynamic stochastic general equilibrium model in which human capital externalities and public education expenditures, financed by distorting taxes, enhance the...
Persistent link: https://www.econbiz.de/10003806000
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State, Public Sector and Theoretical Prerequisites to a Model of an 'Economy Without Taxes'
Papava, Vladimer - 2012
The paper offers a new view of the role of state based on recognition of the economic ability of the state as a separate factor of production. This approach gives indirect taxes the status of factor income as state profit. If we were to apply the mechanism of producing and purchasing private...
Persistent link: https://www.econbiz.de/10013097327
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Government Spending, Taxes, and Economic Growth
Cashin, Paul Anthony - 2006
This paper develops an endogenous growth model of the influence of public investment, public transfers, and distortionary taxation on the rate of economic growth. The growth-enhancing effects of investment in public capital and transfer payments are modeled, as is the growth-inhibiting influence...
Persistent link: https://www.econbiz.de/10012781638
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Fiscal Policy Through Time-Varying Tax Rates If and How
Kaufman, Martin - 2006
This paper investigates if there are circumstances where time-varying tax rates could improve welfare and whether such …, the paper highlights the very particular circumstances that need to prevail. With liquidity constraints, a consumption-tax … break is in a better footing to boost consumption and welfare than an income-tax break. A hike in consumption taxes can also …
Persistent link: https://www.econbiz.de/10012782675
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The role of automatic stabilizers in business cycle : the case of Indonesia
Kuncoro, Haryo - In: European journal of government and economics : EJGE 10 (2021) 2, pp. 167-184
The use of large fiscal stimulus packages to dampen the impact of Covid-19 recently has raised concerns about the effectiveness of the discretionary fiscal policy. This paper aims at analysing the feasibility of automatic fiscal stabilisers to mitigate economic fluctuations in the case of...
Persistent link: https://www.econbiz.de/10013174018