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income shocks. The findings also yield a number of important caveats and policy considerations, however, that have largely …
Persistent link: https://www.econbiz.de/10010790498
Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects...
Persistent link: https://www.econbiz.de/10010772370
Presented the first paper on review of the need for a general capital increase of the ordinary capital and replenishment of the fund for special operations.
Persistent link: https://www.econbiz.de/10009198477
Analyses of redistributive policies often focus on income flows to examine the nexus between redistribution and … framework defining the role of redistributive policies in shaping the private income cycle as well as the public revenue …-expenditure cycle. This framework distinguishes between the stock of income-generating assets (such as human capital and wealth …
Persistent link: https://www.econbiz.de/10011122385
This paper addresses two fundamental issues in indirect tax design. It first revisits the case for reduced rates on items especially important to the poor, establishing conditions under which even very crudely targeted spending measures better serve their interests. It then explores the welfare...
Persistent link: https://www.econbiz.de/10011123815
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This Selected Issues paper highlights the Philippine growth performance led by the services sector. Average GDP growth is higher in the post-Asian crisis period in the Philippines, while the majority of the Philippines’s regional peers have experienced substantially lower growth in the...
Persistent link: https://www.econbiz.de/10011243155