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Could/should Jubilee debt cancellations be reintroduced today?

Hudson, Michael; Goodhart, Charles A. E. - 2018

In this paper the authors recall the history of Jubilee debt cancellations, emphasizing what their social purpose was at that time. They note that it would not be possible to copy that procedure exactly nowadays, primarily because most debt/credit relationships are intermediated via financial...

Persistent link: https://www.econbiz.de/10011821401

Could/should Jubilee debt cancellations be reintroduced today? If not, what alternative measures of debt relief and redistribution might be possible?

Hudson, Michael; Goodhart, Charles A. E. - 2018

Persistent link: https://www.econbiz.de/10011873351

The redistributive impact of taxes and transfers

Joumard, Isabelle; Londoño Vélez, Juliana - 2013

Income inequality in Colombia has declined since the early 2000s but remains very high by international standards …

Persistent link: https://www.econbiz.de/10009769634

Optimal progressivity of personal income tax : a general equilibrium evaluation for Spain

Serrano-Puente, Darío - In: SERIEs : Journal of the Spanish Economic Association 11 (2020) 4, pp. 407-455

Is the Spanish economy positioned at its optimal progressivity level in personal income tax? This article quantifies the aggregate, distributional, and welfare consequences of moving toward such an optimal level. A heterogeneous households general equilibrium model featuring both life cycle and...

Persistent link: https://www.econbiz.de/10012389033

Redistribution in the age of austerity : evidence from Europe, 2006-13

Schneider, Markus; Kinsella, Stephen; Godin, Antoine - 2015

We examine the relationship between changes in a country’s public sector fiscal position and inequality at the top and bottom of the income distribution during the age of austerity (2006–13). We use a parametric Lorenz curve model and Gini-like indices of inequality as our measures to assess...

Persistent link: https://www.econbiz.de/10011438362

Redistribution and Risk Sharing in Italy : Learning from the Past

Petraglia, Carmelo - 2017

This paper investigates the role of public policies in Italy by assessing both the redistribution and risk sharing … dynamics of regional convergence. Moving from 1951–65 to 1983–92, interregional redistribution increases from 10%–18% to 19 …

Persistent link: https://www.econbiz.de/10012969798

Equilibrium and convergence in personal income distribution? : how European countries performed during a phase of huge economic turbulence (2004-2017)

Guo, Yanling; Sell, Friedrich L. - 2020 - This version: January 2020

The authors set up a political economy equilibrium framework for personal income distribution. Located in status theory, their concept is able to explain what justifies a certain or optimal degree of inequality in the society. The authors present an empirical analysis of personal income...

Persistent link: https://www.econbiz.de/10012146968

The political economy of redistribution and (in) efficiency in Latin America and The Caribbean

Altube, Matias Guizzo; Scartascini, Carlos G.; Tommasi, … - 2023

“the rich are powerful and they dont like taxes, hence we have little taxation and little redistribution.” That is a good … taxation and non-negligible redistributive efforts. But in some of those cases such redistribution comes hand in hand with … outcomes (including the degree of redistribution and others). We postulate that each configuration of social outcomes emerges …

Persistent link: https://www.econbiz.de/10014546295

Redistribución, Desigualdad Y Crecimiento (Redistribution, Inequality, and Growth)

Ostry, Jonathan David; Berg, Andrew; Tsangarides, … - 2014

correlated with faster and more durable growth, for a given level of redistribution. 3. Redistribution appears generally benign … on growth. Thus the combined direct and indirect effects of redistribution – including the growth effects of the … between redistribution and growth. The best available macroeconomic data do not support that conclusion …

Persistent link: https://www.econbiz.de/10014144640

The scope for progressive tax reform in the OECD countries : a macroeconomic perspective with a case study for Germany

Godar, Sarah; Paetz, Christoph; Truger, Achim - 2015

taxation. Furthermore, from a Keynesian macroeconomic perspective redistribution may even be systematically conducive to growth … and employment. At the same time a change towards such a policy of redistribution may for some economies, particularly the … erhebliche Spielräume für steuerpolitische Umverteilung gibt. Zudem kann Umverteilung aus einer keynesianischen makroökonomischen …

Persistent link: https://www.econbiz.de/10010519198