The Distributional Effects of Fiscal Consolidation in Nine Countries - 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 Distributional Effects of Fiscal Consolidation in Nine Countries write by . This book was released on 2013. The Distributional Effects of Fiscal Consolidation in Nine Countries available in PDF, EPUB and Kindle.
Cross-Country Evidence on the Distributional Impact of Fiscal Policy
Cross-Country Evidence on the Distributional Impact of Fiscal Policy - 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 Cross-Country Evidence on the Distributional Impact of Fiscal Policy write by Simone Salotti. This book was released on 2018. Cross-Country Evidence on the Distributional Impact of Fiscal Policy available in PDF, EPUB and Kindle. This paper provides new evidence on the distributional effects of fiscal policy using data on a panel of OECD economies over the last four decades. We study how four measures of income inequality and poverty respond to several stock and flow variables accounting for fiscal actions. We find that increases in government debt and expenditure promote a less unequal distribution of income. We detect a significant distributional impact of education and social spending, as well as of government consumption expenditure. We also investigate potential redistributive implications of large fiscal expansion and consolidation episodes, finding no evidence of additional effects beyond those associated with conventional fiscal variables.
The Distributional Effects of Fiscal Consolidation
The Distributional Effects of Fiscal Consolidation - 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 Distributional Effects of Fiscal Consolidation write by Laurence M. Ball. This book was released on 2013-06-21. The Distributional Effects of Fiscal Consolidation available in PDF, EPUB and Kindle. This paper examines the distributional effects of fiscal consolidation. Using episodes of fiscal consolidation for a sample of 17 OECD countries over the period 1978–2009, we find that fiscal consolidation has typically had significant distributional effects by raising inequality, decreasing wage income shares and increasing long-term unemployment. The evidence also suggests that spending-based adjustments have had, on average, larger distributional effects than tax-based adjustments.
The Rise in Inequality After Pandemics: Can Fiscal Support Play a Mitigating Role?
The Rise in Inequality After Pandemics: Can Fiscal Support Play a Mitigating Role? - 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 Rise in Inequality After Pandemics: Can Fiscal Support Play a Mitigating Role? write by Davide Furceri. This book was released on 2021-04-30. The Rise in Inequality After Pandemics: Can Fiscal Support Play a Mitigating Role? available in PDF, EPUB and Kindle. Major epidemics of the last two decades (SARS, H1N1, MERS, Ebola and Zika) have been followed by increases in inequality (Furceri, Loungani, Ostry and Pizzuto, 2020). In this paper, we show that the extent of fiscal consolidation in the years following the onset of these pandemics has played an important role in determining the extent of the increase in inequality. Episodes marked by extreme austerity—measured using either the government’s fiscal balance, health expenditures or redistribution—have been associated with an increase in the Gini measure of inequality three times as large as in episodes where fiscal policy has been more supportive. We survey the evidence thus far on the distributional impacts of the COVID-19 pandemic, which suggests that inequality is likely to increase in the absence of strong policy actions. We review the case made by many observers (IMF 2020; Stiglitz 2020; Sandbu 2020b) that fiscal support should not be withdrawn prematurely despite understandable concerns about high public debt-to-GDP ratios.
Fiscal Policy and Long-Term Growth
Fiscal Policy and Long-Term Growth - 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 Fiscal Policy and Long-Term Growth write by International Monetary Fund. This book was released on 2015-04-20. Fiscal Policy and Long-Term Growth available in PDF, EPUB and Kindle. This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.
