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Ostry, Jonathan David; Berg, Andrew; Tsangarides, … - International Monetary Fund (IMF) - 2014

the previous SDN on inequality and growth by focusing on the role of redistribution. It finds that, from the perspective … of the best available macroeconomic data, there is not a lot of evidence that redistribution has in fact undercut … is a big tradeoff between redistribution and growth. The best available macroeconomic data do not support such a …

Persistent link: https://www.econbiz.de/10011142220

Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy

Dabla-Norris, Era; Ji, Yan; Townsend, Robert; Unsal, D. … - International Monetary Fund (IMF) - 2015

We develop a micro-founded general equilibrium model with heterogeneous agents to identify pertinent constraints to financial inclusion. We evaluate quantitatively the policy impacts of relaxing each of these constraints separately, and in combination, on GDP and inequality. We focus on three...

Persistent link: https://www.econbiz.de/10011163128

The Cost of Government and the Misuse of Public Assets

Prakash, Tej; Tanzi, Vito - International Monetary Fund (IMF) - 2000

This paper deals with efficiency in the public sector. It argues that the habit of relating efficiency to public spending, as is generally done, may give wrong results when, as is often the case, public institutions use public assets (land, buildings, etc.) without imputing a cost for that use....

Persistent link: https://www.econbiz.de/10005605322

The Rising Resilience of Emerging Market and Developing Economies

Abiad, Abdul; Bluedorn, John C; Guajardo, Jaime; … - International Monetary Fund (IMF) - 2012

Economic performance in many emerging market and developing economies (EMDEs) improved substantially over the past twenty years. The past decade was particularly goodâ€”for the first time EMDEs spent more time in expansion and had smaller downturns thanadvanced economies. In this paper we...

Persistent link: https://www.econbiz.de/10011142060

Income Inequality, Fiscal Decentralization and Transfer Dependency

Goerl, Caroline-Antonia; Seiferling, Mike - International Monetary Fund (IMF) - 2014

on fiscal decentralization suggesting that redistribution is most effectively carried out at sub-central levels of … decentralized redistribution on income inequality for a globally representative sample of countries since 1980. The findings suggest …

Persistent link: https://www.econbiz.de/10011142129

Consumption Based Estimates of Urban Chinese Growth

Chamon, Marcos; Filho, Irineu E. Carvalho - International Monetary Fund (IMF) - 2013

deflating nominal incomes by the CPI. We attribute this discrepancy to a small bias in the CPI, which is of a similar magnitude …

Persistent link: https://www.econbiz.de/10011142159

The Rich and the Great Recession

Bakker, Bas B.; Felman, Joshua - International Monetary Fund (IMF) - 2014

Most papers explaining the macro causes of the U.S. Great Recession focus on the behavior of the middle class: how its saving rate declined in the pre-crisis years, then surged following the crisis. This paper argues that the saving rate of the rich followed a similar pattern, the result of...

Persistent link: https://www.econbiz.de/10011105398

Demand Composition and Income Distribution

Pothier, David; Puy, Damien - International Monetary Fund (IMF) - 2014

wealth redistribution policies can potentially involve a trade-off between equality and output, depending on how they affect …

Persistent link: https://www.econbiz.de/10011105404

Fiscal Adjustment and Income Inequality: Sub-national Evidence from Brazil

Azevedo, João Pedro; David, Antonio; Bastos, Fabiano … - International Monetary Fund (IMF) - 2014

We combine state-level fiscal data with household survey data to assess the links between sub-national fiscal policy and income inequality in Brazil over the period 1995-2011. The results indicate that a tighter fiscal stance at the sub-national level is not associated with a deterioration in...

Persistent link: https://www.econbiz.de/10011123824

Direct Distribution of Resource Revenues: Worth Considering?

Gupta, Sanjeev; Segura-Ubiergo, Alex; Flores, Enrique - International Monetary Fund (IMF) - 2014

Some scholars have argued that direct distribution of natural resource revenues to the population would help resource-rich countries escape the â€œresource curse.â€ This discussion note analyzes whether this proposal is a viable policy alternative for resource-rich countries. The first...

Persistent link: https://www.econbiz.de/10011123894