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effects of policies be assessed by considering both equity and efficiency? This primer outlines the seminal contributions of … redistribution, and Anthony Atkinson, who showed how equity and efficiency can be measured simultaneously and summarized in a single …
Persistent link: https://www.econbiz.de/10011748734
In both developed and developing countries, there are basically two main sources of economic instability: exogenous shocks and inappropriate policies. Exogenous shock (terms-of-trade shocks, natural disasters and capital flow reversals) can throw an economy into disequilibrium and therefore...
Persistent link: https://www.econbiz.de/10012719609
We study the general equilibrium implications of different fiscal policies on macroeconomic quantities, asset prices, and welfare by utilizing two endogenous growth models. The expanding variety model features only homogeneous innovations by entrants. The Schumpeterian growth model features...
Persistent link: https://www.econbiz.de/10011637958
This paper analyses the distributional impact of high consumer inflation in the euro area and government measures to compensate households in 2022. The study uses the tax-benefit microsimulation model for the European Union (EUROMOD) with microdata as the input - EU statistics on income and...
Persistent link: https://www.econbiz.de/10014388666
This paper looks at the incidence of fiscal policy on the income distribution for Chile and Mexico. Notably by broadening the income concept to account for in-kind benefits and taxes, this paper provides a full picture of the effect of fiscal policy on reducing income inequality. The contrast...
Persistent link: https://www.econbiz.de/10010230705
We study the general equilibrium implications of different fiscal policies on macroeconomic quantities, asset prices, and welfare by utilizing two endogenous growth models. The expanding variety model features only homogeneous innovations by entrants. The Schumpeterian growth model features...
Persistent link: https://www.econbiz.de/10012958356
We study the equilibrium implications of different fiscal policies on macroeconomic quantities, asset prices, and welfare by utilizing two endogenous growth models. The expanding variety model features only homogeneous innovations by entrants. The Schumpeterian growth model features...
Persistent link: https://www.econbiz.de/10012967752
existing literature on its distributive role and its efficiency. The findings point to inefficient taxation that is still very … unequal, but with clear room for improvement. To increase efficiency and promote economic growth, we propose a change in the … reform under these terms to ensure both efficiency and equity. …
Persistent link: https://www.econbiz.de/10012009761
The objective of the present paper is to compare schemes using a welfare function that reflects concern for both poverty and inequality.
Persistent link: https://www.econbiz.de/10005587791
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678