For the Benefit of All: Fiscal Policies and Equity-Efficiency Trade-offs in the Age of Automation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook For the Benefit of All: Fiscal Policies and Equity-Efficiency Trade-offs in the Age of Automation write by Mr. Andrew Berg. This book was released on 2021-07-16. For the Benefit of All: Fiscal Policies and Equity-Efficiency Trade-offs in the Age of Automation available in PDF, EPUB and Kindle. Many studies predict massive job losses and real wage decline as a result of the ongoing widespread automation of production, a trend that may be further aggravated by the COVID-19 crisis. Yet automation is also expected to raise productivity and output. How can we share the gains from automation more widely, for the benefit of all? And what are the attendant equity-efficiency trade-offs? We analyze this issue by considering the effects of fiscal policies that seek to redistribute the gains from automation and address income inequality. We use a dynamic general equilibrium model with monopolistic competition, including a novel specification linking corporate power to automation. While fiscal policy cannot eliminate the classic equity-efficiency trade-offs, it can help improve them, reducing inequality at small or no loss of output. This is particularly so when policy takes advantage of novel, less distortive transmission channels of fiscal policy created by the empirically observed link between corporate market power and automation.
Taxation, Monetary Policy, and the Equity-efficiency Tradeoff
Taxation, Monetary Policy, and the Equity-efficiency Tradeoff - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Taxation, Monetary Policy, and the Equity-efficiency Tradeoff write by Ronald Morris Harstad. This book was released on 1979. Taxation, Monetary Policy, and the Equity-efficiency Tradeoff available in PDF, EPUB and Kindle.
Designing Fiscal Redistribution: The Role of Universal and Targeted Transfers
Designing Fiscal Redistribution: The Role of Universal and Targeted Transfers - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Designing Fiscal Redistribution: The Role of Universal and Targeted Transfers write by Mr.David Coady. This book was released on 2020-06-26. Designing Fiscal Redistribution: The Role of Universal and Targeted Transfers available in PDF, EPUB and Kindle. There is a growing debate on the relative merits of universal and targeted social assistance transfers in achieving income redistribution objectives. While the benefits of targeting are clear, i.e., a larger poverty impact for a given transfer budget or lower fiscal cost for a given poverty impact, in practice targeting also comes with various costs, including incentive, administrative, social and political costs. The appropriate balance between targeted and universal transfers will therefore depend on how countries decide to trade-off these costs and benefits as well as on the potential for redistribution through taxes. This paper discusses the trade-offs that arise in different country contexts and the potential for strengthening fiscal redistribution in advanced and developing countries, including through expanding transfer coverage and progressive tax financing.
The Economic Impacts and the Regulation of AI: A Review of the Academic Literature and Policy Actions
The Economic Impacts and the Regulation of AI: A Review of the Academic Literature and Policy Actions - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Economic Impacts and the Regulation of AI: A Review of the Academic Literature and Policy Actions write by Mariarosaria Comunale. This book was released on 2024-03-22. The Economic Impacts and the Regulation of AI: A Review of the Academic Literature and Policy Actions available in PDF, EPUB and Kindle. We review the literature on the effects of Artificial Intelligence (AI) adoption and the ongoing regulatory efforts concerning this technology. Economic research encompasses growth, employment, productivity, and income inequality effects, while regulation covers market competition, data privacy, copyright, national security, ethics concerns, and financial stability. We find that: (i) theoretical research agrees that AI will affect most occupations and transform growth, but empirical findings are inconclusive on employment and productivity effects; (ii) regulation has focused primarily on topics not explored by the academic literature; (iii) across countries, regulations differ widely in scope and approaches and face difficult trade-offs.
Economic Dignity
Economic Dignity - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Dignity write by Gene Sperling. This book was released on 2021-10-12. Economic Dignity available in PDF, EPUB and Kindle. “Timely and important . . . It should be our North Star for the recovery and beyond.” —Hillary Clinton “Sperling makes a forceful case that only by speaking to matters of the spirit can liberals root their belief in economic justice in people’s deepest aspirations—in their sense of purpose and self-worth.” —The New York Times When Gene Sperling was in charge of coordinating economic policy in the Obama White House, he found himself surprised when serious people in Washington told him that the Obama focus on health care was a distraction because it was “not focused on the economy.” How, he asked, was the fear felt by millions of Americans of being one serious illness away from financial ruin not considered an economic issue? Too often, Sperling found that we measured economic success by metrics like GDP instead of whether the economy was succeeding in lifting up the sense of meaning, purpose, fulfillment, and security of people. In Economic Dignity, Sperling frames the way forward in a time of wrenching change and offers a vision of an economy whose guiding light is the promotion of dignity for all Americans.
