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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 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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Who cares? : attitudes towards redistribution and fiscal austerity
Brown, Sarah; Kontonikas, Alexandros; Montagnoli, Alberto; … - 2021
We present new evidence showing that fiscal austerity strengthens support for redistribution, especially for the … relatively well-off. Our theoretical model proposes two mechanisms to explain this heterogeneity in support for redistribution …
Persistent link: https://www.econbiz.de/10012668262
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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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Income support to families with children in Spain
Hernández, Adrian; Picos, Fidel - 2021
Families with children receive support from the tax-benefit system to a different extent across countries. In Spain … families with children in Spain. We distinguish between three different forms of income support: (1) benefits aimed to ease the … families with children in Spain is low and mainly concentrated on tax reliefs, which are regressive in absolute terms …
Persistent link: https://www.econbiz.de/10012593863
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German public finances through the financial crisis
Blömer, Maximilian (contributor) - 2015
The German experience of the crisis was very different compared to those of most other countries in Europe. Germany was hit by a very strong shock which was relatively concentrated in the exporting, manufacturing industries. In addition, the German labour market was very resilient during the...
Persistent link: https://www.econbiz.de/10011286043
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An unemployment insurance scheme for the Euro area : conference paper
Dolls, Mathias; Fuest, Clemens; Neumann, Dirk; Peichl, … - 2014 - This version: February 14, 2014, Work in progress
stabilized incomes in particular in Cyprus, Estonia, Greece, Ireland, Portugal and Spain whereas Austria, Germany and the …
Persistent link: https://www.econbiz.de/10010489902