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budget balance in France, Germany, Portugal, and Spain. We try to uncover past trends behind the development of public …
Persistent link: https://www.econbiz.de/10014050895
We provide key stylised facts on fiscal policy developments in Spain over the past three decades using quarterly data …
Persistent link: https://www.econbiz.de/10013054098
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
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
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
Income inequality in Colombia has declined since the early 2000s but remains very high by international standards …
Persistent link: https://www.econbiz.de/10009769634
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/10011822179
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/10011879005
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
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