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Globalization, Technological Developments, and the Work of Fiscal Termites

Tanzi, Vito - 2000

which may reduce the industrial countries’ ability to sustain high levels of taxation. The paper identifies and discusses …

Persistent link: https://www.econbiz.de/10014403516

Globalization, Tax Competition and the Future of Tax Systems

Tanzi, Vito - 1996

This paper discusses the implications for tax systems of globalization of capital markets and of economies. It shows the extent to which particular taxes are affected by the globalization process. It speculates on future developments in this area and on tax competition

Persistent link: https://www.econbiz.de/10014395933

Political institutions, state building, and tax capacity : crossing the tipping point

Gaspar, Vítor; Jaramillo, Laura; Wingender, Philippe - 2016

An empirical finding by Gaspar, Jaramillo and Wingender (2016) shows that once countries cross a tax-to-GDP threshold … of around 12 3/4 percent, real GDP per capita increases sharply and in a sustained manner over the following decade. In …

Persistent link: https://www.econbiz.de/10011716283

Tax capacity and growth : is there a tipping point?

Gaspar, Vítor; Jaramillo, Laura; Wingender, Philippe - 2016

Is there a minimum tax to GDP ratio associated with a significant acceleration in the process of growth and development …? We give an empirical answer to this question by investigating the existence of a tipping point in tax-to-GDP levels. We … are similar at about 12 3/4 percent of GDP. For the contemporary dataset we find that a country just above the threshold …

Persistent link: https://www.econbiz.de/10011716284

A medium-scale DSGE model for the integrated policy framework

Adrian, Tobias; Gaspar, Vítor; Vitek, Francis - 2022

This paper jointly analyzes the optimal conduct of monetary policy, foreign exchange intervention, fiscal policy, macroprudential policy, and capital flow management. This policy analysis is based on an estimated medium-scale dynamic stochastic general equilibrium (DSGE) model of the world...

Persistent link: https://www.econbiz.de/10013170322

Lessons from the old masters on assessing equity and efficiency : a primer for fiscal policymakers

Gaspar, Vítor; Mauro, Paolo; Poghosyan, Tigran - 2017

How can a society's well-being be measured to include not only average incomes but also their distribution? How can the effects of policies be assessed by considering both equity and efficiency? This primer outlines the seminal contributions of influential economists of the past, including...

Persistent link: https://www.econbiz.de/10011748734

Reflating Japan : time to get unconventional?

Arbatli, Elif; Botman, Dennis P. J.; Clinton, Kevin; … - 2016

Japan has ambitious economic goals: 3 percent nominal growth; 2 percent inflation; and a primary budget surplus. Abenomics has employed the three arrows of monetary, fiscal and structural policies, but the goals remain out of reach. We propose that countercyclical measures be embedded in...

Persistent link: https://www.econbiz.de/10011715113

Balancing the budget : budgetary practices and fiscal policy issues in Iceland

Blöndal, Gisli (contributor); Tanzi, Vito (contributor) - 1983

Persistent link: https://www.econbiz.de/10003074806

The Impact of Macroeconomic Policieson the Level of Taxation (andon the Fiscal Balance) in Developing Countries

Tanzi, Vito - 1988

In recent years the level of taxation of many developing countries has changed dramatically over relatively short …

Persistent link: https://www.econbiz.de/10014395830

Fiscal Policy and the Economic Restructuring of Economies in Transition

Tanzi, Vito - 1993

This paper discusses major fiscal issues faced by the previously centrally planned economies in their transition to market economies. It focuses on three main topics: (a) the extent to which the budget deficit should be a guide to policy; (b) the reforms that must be carried out in tax...

Persistent link: https://www.econbiz.de/10014396284