Owning Development: Taxation to fight poverty
... legitimate motivation – such as increasing tax revenue in developing countries – may lead to policies that exacerbate poverty and increase the vulnerability of certain sections of the population. This is because often those working in the informal sector are some of the poorest, for example women wh ...
... legitimate motivation – such as increasing tax revenue in developing countries – may lead to policies that exacerbate poverty and increase the vulnerability of certain sections of the population. This is because often those working in the informal sector are some of the poorest, for example women wh ...
Tax multipliers: Pitfalls in measurement and identification"
... The empirical literature has faced some major methodological obstacles, mainly related to potential endogeneity problems that may critically a¤ect the reliability of existing estimates. The most important disagreement in the empirical literature lies on the identi…cation of …scal shocks (i.e., chan ...
... The empirical literature has faced some major methodological obstacles, mainly related to potential endogeneity problems that may critically a¤ect the reliability of existing estimates. The most important disagreement in the empirical literature lies on the identi…cation of …scal shocks (i.e., chan ...
Monetary Policy and the Economy Q3/04 – Expansionary Fiscal
... In contrast to the models presented above, Bertola and Drazen (1993) investigate the possibility of nonlinear effects of fiscal policy, above all of government expenditure, in a neoclassical framework. In a neoclassical setup where consumers are infinitely lived and government consumption is pure wa ...
... In contrast to the models presented above, Bertola and Drazen (1993) investigate the possibility of nonlinear effects of fiscal policy, above all of government expenditure, in a neoclassical framework. In a neoclassical setup where consumers are infinitely lived and government consumption is pure wa ...
2015 - Do fiscal councils impact fiscal performance?
... European Union (EU) stated more stringent fiscal rules monitored by Independent Fiscal Bodies, that have the capacity to “tie the hands” of policymakers tempted by deviations from socially optimal choices according to the academic circles. The present paper aims at empirically verifying if Fiscal Co ...
... European Union (EU) stated more stringent fiscal rules monitored by Independent Fiscal Bodies, that have the capacity to “tie the hands” of policymakers tempted by deviations from socially optimal choices according to the academic circles. The present paper aims at empirically verifying if Fiscal Co ...
The Impact of Fiscal Policy on Particular Economic Sectors in Turkey
... comprehensive characterization of fiscal policy in Libya and Turkey, the analysis of instruments, which both countries are using and comparison of fiscal policies between these two states, as well as to express the specifics of their behavior in terms of globalization of economies. As the part of th ...
... comprehensive characterization of fiscal policy in Libya and Turkey, the analysis of instruments, which both countries are using and comparison of fiscal policies between these two states, as well as to express the specifics of their behavior in terms of globalization of economies. As the part of th ...
Total Tax Contribution public fi nances
... first study for the global Mining Industry, validating our perception that there is keen interest in better understanding the complete tax and other payments that mining companies make to government. The TTC approach goes beyond income taxes to collect data on all taxes and other payments to governm ...
... first study for the global Mining Industry, validating our perception that there is keen interest in better understanding the complete tax and other payments that mining companies make to government. The TTC approach goes beyond income taxes to collect data on all taxes and other payments to governm ...
Searching for Non-Monotonic Effects of Fiscal Policy:New
... substantially to the acceleration of output growth even in the short run,” but is unable to identify unambiguously the channels through which non-Keynesian effects occur. The IMF has also looked at the effects of large fiscal consolidations—measured as a cumulative primary fiscal adjustment of more ...
... substantially to the acceleration of output growth even in the short run,” but is unable to identify unambiguously the channels through which non-Keynesian effects occur. The IMF has also looked at the effects of large fiscal consolidations—measured as a cumulative primary fiscal adjustment of more ...
State-local finances in recession and inflation: An economic analysis
... behavior on the national economy, with particular attention to the 1973-75 recession and subsequent recovery.' Part one presents recent trends in intergovernmental finance which are necessary background for examining the interaction between the financial activities of state and local governments and ...
... behavior on the national economy, with particular attention to the 1973-75 recession and subsequent recovery.' Part one presents recent trends in intergovernmental finance which are necessary background for examining the interaction between the financial activities of state and local governments and ...
IOSR Journal of Business and Management (IOSR-JBM)
... deficits may most likely crowd-out private investment. But if it complements, it will most likely crowd-in private investment. They further add that public deficit of government can be rewritten in terms of the economy’s aggregate resources or saving-investment constraint. This is stated as: Public ...
... deficits may most likely crowd-out private investment. But if it complements, it will most likely crowd-in private investment. They further add that public deficit of government can be rewritten in terms of the economy’s aggregate resources or saving-investment constraint. This is stated as: Public ...
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... government has to consider when designing the tax system, lead to a distortion associated with redistributing any significant amount of resources from the more able to the less able. Mirrlees (1971) finds that there is a clear trade-off between efficiency and equity, and less support for the progressivi ...
... government has to consider when designing the tax system, lead to a distortion associated with redistributing any significant amount of resources from the more able to the less able. Mirrlees (1971) finds that there is a clear trade-off between efficiency and equity, and less support for the progressivi ...
NBER WORKING PAPER SERIES TAX MULTIPLIERS: PITFALLS IN MEASUREMENT AND IDENTIFICATION Daniel Riera-Crichton
... multipliers based on cyclically-adjusted revenues are close to zero or even positive. 3. Most recent tax studies (e.g., Favero and Giavazzi, 2010; Caldara, 2011; and Ilzetzki, 2011) rely on SVAR and cyclically-adjusted revenue changes (bottom-right cell in Table 1). In line with most of these papers ...
... multipliers based on cyclically-adjusted revenues are close to zero or even positive. 3. Most recent tax studies (e.g., Favero and Giavazzi, 2010; Caldara, 2011; and Ilzetzki, 2011) rely on SVAR and cyclically-adjusted revenue changes (bottom-right cell in Table 1). In line with most of these papers ...
Chile`s new fiscal rule
... While the decomposition in (1) seems intuitive, it has to be kept in mind that the structural balance unlike the actual balance is an unobservable concept. It represents the fiscal balance that would have occurred if all temporary influences on the budget had been absent. The biggest problem in the ...
... While the decomposition in (1) seems intuitive, it has to be kept in mind that the structural balance unlike the actual balance is an unobservable concept. It represents the fiscal balance that would have occurred if all temporary influences on the budget had been absent. The biggest problem in the ...
Chapter 7 Chile`s New Fiscal Rule
... and fiscal balances are subject to transitory shocks, reference to the structural balance can help policy makers avoid unnecessary and often procyclical policy adjustments. Transitory shocks to fiscal balances require no adjustments to be made, as they will be reversed over the course of the busine ...
... and fiscal balances are subject to transitory shocks, reference to the structural balance can help policy makers avoid unnecessary and often procyclical policy adjustments. Transitory shocks to fiscal balances require no adjustments to be made, as they will be reversed over the course of the busine ...
Macroeconomic Effects of Fiscal Policy
... effects of fiscal policy. These consist of direct effects, e.g. that an increase in public purchases of goods and services is reflected in higher employment in the firms supplying goods and services to the public sector, as well as more indirect effects. Indirect effects include e.g. that new employ ...
... effects of fiscal policy. These consist of direct effects, e.g. that an increase in public purchases of goods and services is reflected in higher employment in the firms supplying goods and services to the public sector, as well as more indirect effects. Indirect effects include e.g. that new employ ...
The cyclicality of fiscal policy in South Asia
... argument limited integration (or access) to domestic and external financial markets may reduce the ability of government to adopt an expansionary fiscal policy in bad times when governments have no option but to reduce expenditure or increase taxation (Gavin and Perotti, 1997; Caballero and Krishnam ...
... argument limited integration (or access) to domestic and external financial markets may reduce the ability of government to adopt an expansionary fiscal policy in bad times when governments have no option but to reduce expenditure or increase taxation (Gavin and Perotti, 1997; Caballero and Krishnam ...
Fiscal Policy for Development in the Dominican Republic
... However, taxation is about more than just obtaining enough revenue to fund public spending. It is one of the pillars of democracy, and the means by which citizens acquire the right to hold their government accountable for its actions and it is their duty to contribute – according to their means – to ...
... However, taxation is about more than just obtaining enough revenue to fund public spending. It is one of the pillars of democracy, and the means by which citizens acquire the right to hold their government accountable for its actions and it is their duty to contribute – according to their means – to ...
Fiscal Incentive Effects of the German Equalization System
... Germany’s federation relies on an extensive system of equalization transfers, both vertical— from the federal government (the Bund) to the states (the Länder)—and horizontal—among the Länder. While large degrees of equalization are not uncommon in countries, Germany’s emphasis on solidarity across L ...
... Germany’s federation relies on an extensive system of equalization transfers, both vertical— from the federal government (the Bund) to the states (the Länder)—and horizontal—among the Länder. While large degrees of equalization are not uncommon in countries, Germany’s emphasis on solidarity across L ...
Enhancing Sustainable Fiscal Policy in South Africa By Samuel Sangawulo Jibao
... regard, shadow economic activity is being investigated. This study finds that on average, the size of the South African shadow economy is 22.18% of GDP with estimated revenue evaded at about 7% of GDP. ...
... regard, shadow economic activity is being investigated. This study finds that on average, the size of the South African shadow economy is 22.18% of GDP with estimated revenue evaded at about 7% of GDP. ...
Successful Austerity in the United States, Europe and Japan
... On the other hand, consolidation cannot be postponed indefinitely. In the United States, the debt ceiling deal reached just before August 2, 2011 followed a painful negotiation and was quickly followed by a downgrade of the U.S. credit rating by a major rating agency. And although, unlike in some co ...
... On the other hand, consolidation cannot be postponed indefinitely. In the United States, the debt ceiling deal reached just before August 2, 2011 followed a painful negotiation and was quickly followed by a downgrade of the U.S. credit rating by a major rating agency. And although, unlike in some co ...
PRINCIPLES of TAXATION
... Voluntary compliance Vs. Administered compliance Tax avoidance Vs. Tax evasion Economics of deterrence Globalization & taxes ...
... Voluntary compliance Vs. Administered compliance Tax avoidance Vs. Tax evasion Economics of deterrence Globalization & taxes ...
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... mature literature on the piecemeal 5 reform of tariffs and/or taxes, the inefficiencies caused by the incomplete coverage of VAT due to an informal economy has largely been neglected in the literature, with the notable exception of a recent contribution by Piggott and Whalley (2001). Piggott and Wha ...
... mature literature on the piecemeal 5 reform of tariffs and/or taxes, the inefficiencies caused by the incomplete coverage of VAT due to an informal economy has largely been neglected in the literature, with the notable exception of a recent contribution by Piggott and Whalley (2001). Piggott and Wha ...
Fiscal Rules and Resource Funds in Nonrenewable Resource
... Fluctuations in public spending can entail fiscal costs, including in the quality and efficiency of spending. The sudden creation or enlargement of spending programs—including public investment—in a context of rising resource prices can overwhelm the public administration’s capacity to design, manag ...
... Fluctuations in public spending can entail fiscal costs, including in the quality and efficiency of spending. The sudden creation or enlargement of spending programs—including public investment—in a context of rising resource prices can overwhelm the public administration’s capacity to design, manag ...
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... The Stability and Growth Pact has established supranational directives with regard to fiscal policy. Yet, member countries maintain a lot of freedom in achieving them. The data show that this eventually leads to a broad set of different domestic rules. Furthermore, those numerous rules do not all pr ...
... The Stability and Growth Pact has established supranational directives with regard to fiscal policy. Yet, member countries maintain a lot of freedom in achieving them. The data show that this eventually leads to a broad set of different domestic rules. Furthermore, those numerous rules do not all pr ...
Official PDF , 45 pages
... countries behave very differently in relation to their fiscal policy stances over the business cycle. In that context, a significant number of authors have documented a more pro-cyclical behavior of fiscal policy in developing countries as opposed to industrial countries. 1 That is, developing count ...
... countries behave very differently in relation to their fiscal policy stances over the business cycle. In that context, a significant number of authors have documented a more pro-cyclical behavior of fiscal policy in developing countries as opposed to industrial countries. 1 That is, developing count ...
Revenue Mobilization in Developing Countries (2011)
... The Fund has long played a lead role in supporting developing countries’ efforts to improve their revenue mobilization. This paper draws on that experience to review issues and good practice, and to assess prospects in this key area.1 The need for additional revenue is substantial in many developing ...
... The Fund has long played a lead role in supporting developing countries’ efforts to improve their revenue mobilization. This paper draws on that experience to review issues and good practice, and to assess prospects in this key area.1 The need for additional revenue is substantial in many developing ...