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lending. This means that another channel appears: tax rates influence interest rates, and this is another channel for … redistribution, since a decrease in current interest rates favors agents with below-average wealth. By the same token---and as is …-economic equilibria deliver tax outcomes as a function of a single state variable: median wealth. We use the first-order condition of the …
Persistent link: https://www.econbiz.de/10005090725
This paper studies the optimality of a minimum wage law when it is used, jointly with a distortionary tax … policies. Finally, when it is assumed that tax revenues finance not only transfers, but also public spending, the probability …
Persistent link: https://www.econbiz.de/10005069464
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011244091
of gross monthly wages. It analyzes that a comparatively high share of Austria’s family benefits is monetary rather … contributions and/or payroll taxes, and reducing the entry income tax rate. …
Persistent link: https://www.econbiz.de/10011245579
Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these...
Persistent link: https://www.econbiz.de/10011245903
design policies that promote remittances and increase their benefits while mitigating adverse side effects. Getting these …
Persistent link: https://www.econbiz.de/10010790498
The reform of fiscal policies and institutions lies at the heart of structural adjustment in developing countries. Although the immediate aim of such reform is to reduce fiscal imbalances to achieve macroeconomic stability, the long-term goal is to secure more durable improvements in fiscal...
Persistent link: https://www.econbiz.de/10005590939
Market work per person is roughly 10 percent higher in the U.S. than in Sweden. However, if we include the work carried out in home production, the total amount of work differs by only 1%. I set up a model with home production and show that differences in policy - mainly taxes - can account for...
Persistent link: https://www.econbiz.de/10005069559
natural resources, are important determinants of tax revenue. …
Persistent link: https://www.econbiz.de/10011242287
This paper identifies tax factors in 21 developing countries that have an impact on foreign direct investment flows. It … categorizes those factors into issues associated with tax coordination; tax rates and rate structures; and composition of the tax … base. Recent actions by countries reveal no clear pattern in their attempts to increase tax coordination, while many have …
Persistent link: https://www.econbiz.de/10005263965