In the wake of the food, fuel and financial shocks, a fourth wave of the global economic crisis began to sweep across developing countries in 2010: fiscal austerity. Serving as an update of earlier research by UNICEF, this working paper: (i) examines the latest IMF government spending...

This paper shows that multiple steady states occur if a central bank is not independent and is compelled to finance a large fiscal deficit through seigniorage. If the initial capital stock is less than a certain threshold, the economy converges to a steady state where the capital stock is low...

Using comparable fiscal incidence analysis, this paper examines the impact of fiscal policy on inequality and poverty in 25 countries for around 2010. Success in fiscal redistribution is driven primarily by redistributive effort (share of social spending to GDP in each country) and the extent to...

In this work we tried to analyze the effect of fiscal policy on local inequalities in Morocco. We studied the influence of the local finance management mode (debt, cash, etc.), on the reduction of poverty.Also, we are using data on expenditure and income shared between 2000 and 2007, we tested...

Current policy discussion focuses primarily on the power of fiscal policy to reduce inequality. Yet, comparable fiscal incidence analysis for 28 low and middle income countries reveals that, although fiscal systems are always equalizing, that is not always true for poverty. In Ethiopia,...

Using comparable fiscal incidence analysis, this paper examines the impact of fiscal policy on inequality and poverty in twenty-five countries for around 2010. Success in fiscal redistribution is driven primarily by redistributive effort (share of social spending to GDP in each country) and the...

The COVID-19 pandemic represents an unprecedented global crisis. The task for economic policy is to help keep people alive, enterprises afloat, and households out of poverty. The pandemic has macroeconomic dimensions. First, it affects macroeconomic stability and growth. Second, the tools of...

This paper analyzes the impact of tax and transfers on income distribution. We use a simple Computable General Equilibrium model for Pakistan (CGEP) adapted from Lofgren et al. (2001). Our CGE model takes into account the market interactions, that is, the effects of pricing outcomes of one...

Purpose – The purpose of this paper is to shed some light on the role of macroeconomic policy-mix in achieving the Millennium Development Goals (MDGs), especially the goal of poverty reduction. Design/methodology/approach – The paper employs descriptive approach and provides an analytical...