This paper studies the redistributive and revenue effects of bracket creep in Germany under various inflation scenarios and evaluates the feasibility to charge a rich tax to fight bracket creep for the income distribution in 2009. Using a tax micro-simulation model developed for the newly...

We review the empirical evidence on the impact of microcredit on poverty in Bangladesh. Drawing on evidence from seven empirical studies with 306 estimates, we examine the impact of microcredit on three proxies of poverty – income, assets and consumption/expenditure. After addressing issues of...

The capability approach developed by Sen represents a proposal for the evaluation of individual well-being and social development centered on people and away - but not exclusive- of materiality. In the present article describes the capability approach developed by Sen and examines the importance...

The conceptual framework of the capability approach proposed by Amartya Sen has never been used specifically in the dynamics of forced displacement or in the analysis of the quality of life of the population victims of the Colombian armed conflict. Reason why, this article affirms that the...

In this paper, an econometric model of consumption in Bulgaria for the period 1997-2005 is constructed. The Error-Correction Model (ECM) approach is employed and long-run relationship between household consumption and income was found. The primary purpose of this empirical paper is to get a...

We study a series of sustained growth models in which households' preferences are affected by the consumption of other households as summarized by average consumption. In endogenous growth models, the equilibrium paths involve lower savings and lower growth than the corresponding efficient...

We study the extent to which the belief-formation process affects the dynamics of macroeconomic variables when the central bank uses forward guidance. Standard sticky-price models imply that far future forward guidance has huge and implausible effects on current outcomes, these effects grow in...

Sub-Saharan Africa (SSA) accounts for a third of the countries on the Financial Action Task Force (FATF) grey list. In the Money Laundering and Terrorist Financing (ML/TF) Ranking and Risk Assessment Tool, the region performed poorly in terms of resilience to ML/TF, with more than 60% of...

L’Afrique subsaharienne (ASS) représente un tiers des pays figurant sur la liste grise du Groupe d’action financière (GAFI). Dans l’outil de classement et d’évaluation des risques du blanchiment d’argent et du financement du terrorisme (BC/FT), la région a obtenu de mauvais...