Recent failures of monetary and fiscal policy reflect deficiencies in prevailing theories of demand management. Taking available data into account, this book discusses the merits and shortcomings of Keynesian and monetarist approaches and develops the lines along which our theories need to be...

The present paper was prepared by Ms. Willene Johnson, member of the Committee for Development Committee, as a background paper for deliberations by the Committee at its eighth session. This study reviews policy efforts to advance growth and development in the least developed countries, in...

Nell’ultimo ventennio, le politiche previdenziali nel nostro Paese hanno mirato a: stabilizzare la spesa in rapporto al Pil; eliminare le sperequazioni; aumentare l’età pensionabile; sviluppare la previdenza privata a capitalizzazione. Riguardo al primo obiettivo, già le riforme del 1992 e...

Krugman's verdict that competitiveness of countries is a largely meaningless concept is a serious misjudgement of the economics profession. Countries compete for the mobile factors of production, most importantly for capital and technology. The exit-option of these factors and of firms changes...

We apply a standard tax and benefit incidence analysis to estimate the impact on inequality and poverty of direct taxes, indirect taxes and subsidies, and social spending (cash and food transfers and in-kind transfers in education and health). The extent of inequality reduction induced by direct...

Many developing countries find it difficult to raise the revenue required to provide such basic public services as education, health care, and infrastructure. Complicating the policy challenges of taxation in developing countries are issues that most developed countries do not face, including...

The selective income tax exemption for home-state municipal bonds at issue in Davis v. Kentucky Department of Revenue is a barrier to interstate commerce.

In some key respects the income versus consumption tax choice is simply misunderstood by many people, including sophisticated practitioners.

What is the link between taxes and manufacturing wages?

Reducing federal employee compensation to market levels could save taxpayers roughly $77 billion per year.