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We analyse the social protection policy response to COVID-19 and its impact on household incomes in Uruguay during 2020 and 2021, based on static microsimulation methods. From the onset of the crisis, the Uruguayan government implemented adjustments to existing social protection policies as well...
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Capital income subsidies, and reliance on indirect consumption taxes have created an increasingly regressive overall … basic income, with no exemptions or reliefs and no indirect taxes except excise taxes such as fuel duties, could be highly …
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We nowcast the economic effects of the Covid-19 pandemic and related lock-down measures in the UK and then analyse the distributional and budgetary effects of the estimated individual income shocks, distinguishing between the effects of automatic stabilisers and those of the emergency policy...
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One of the main functions of public debt is to smooth taxes and spending over time. In the Covid crisis, the Maastricht …
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This paper evaluates the temporary VAT reduction introduced by the German government over the third and fourth quarter of 2020 as most controversial part of the COVID-19 stimulus package. Critics argue that VAT reductions are ineffective because of limited pass-through of temporary measures to...
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