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The financial crisis of 2007 clearly demonstrated the declining economic and political hegemony of the European social model. Austerity measures, rationalization, and cuts in all areas of society and the state were encouraged by the EU directorates. These measures have weakened social cohesion...
Persistent link: https://www.econbiz.de/10015268971
: The euro crisis has threatened the balance of social structures, through the impoverishment of the middle class, in almost all countries of the Old Continent. This trend has not only posed a threat to social cohesion, but it also threats the very nature of the so-called Western-style...
Persistent link: https://www.econbiz.de/10015261211
The financial collapse of 2007, the accompanying refugee crisis, the health crisis, and the coronavirus pandemic have all played their part in the current gloomy political climate. The left lacks a clear message or strategy to improve the lives of ordinary people. The emphasis on austerity and...
Persistent link: https://www.econbiz.de/10015268841
There are still differences of opinion about the connection between government expenditure and revenues. This study aims to test hypotheses related to the direction of the relationship between Indonesian government revenues and expenses. By utilizing quarterly time-series data in the period...
Persistent link: https://www.econbiz.de/10015270696
A correct assessment of public policies requires the analysis of deliberate and involuntary redistribution. Redistributive policies have an interpersonal as well as an intrapersonal dimension. To assess the latter, the entire lifetime of individuals and families has to be taken into...
Persistent link: https://www.econbiz.de/10015223490
The hypothesis of this paper is as follows: during the twentieth century, the governments have used measures to overcome emergency crisis. Such measures have had better results in revenue in fiscal expenditures, which have caused severe imbalances in public policy. Otherwise, in Colombia there...
Persistent link: https://www.econbiz.de/10015230963
In this paper we revisit the case for corporatist agreements in a model where labor markets are unionized, the government controls the fiscal stance, and an independent central bank sets monetary policy. We can then analyze the scope for a political exchange between public expenditure and wage...
Persistent link: https://www.econbiz.de/10015235702
This paper reviews studies that attempt to measure empirically, revenue gains from tax harmonisation. Three groups of studies emerge, those that use cross-country regression, partial equilibrium analysis, and applied general-equilibrium (CGE) models—they all suggest (explicitly or implicitly)...
Persistent link: https://www.econbiz.de/10015258746
Abstract We study optimal savings policies when there is a dual concern about undersaving for retirement and income inequality. Agents differ in present bias and earnings ability, both unobservable to a planner with paternalistic and redistributive motives. We characterize the solution to this...
Persistent link: https://www.econbiz.de/10015264794
To raise revenue in a progressive, efficient, and administrable manner, this chapter proposes a new national consumption tax: a broad-based credit-invoice value-added tax (VAT). The proposal comes with several qualifications: the VAT should complement, not substitute for, new direct taxes on the...
Persistent link: https://www.econbiz.de/10015266901