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Unfunded fiscal shocks are a significant source of risk premia in Treasury markets when central banks and governments decide to insulate taxpayers and expose bondholders' wealth to government funding needs. We illustrate this bond risk premium mechanism analytically in a two-agent model...
Persistent link: https://www.econbiz.de/10015409800
This paper examines the redistributive impact of fiscal policy-specifically taxes and transfers-on poverty and inequality in eight countries in the Middle East and North Africa: the Arab Republic of Egypt, Djibouti, the Islamic Republic of Iran, Iraq, Jordan, Morocco, Tunisia, and the West Bank...
Persistent link: https://www.econbiz.de/10015411878
Commitment to Equity (CEQ) methodology helps understand which population subgroups benefit the most from public expenditures and … which subgroups are paying the taxes that finance those expenditures. It traces changes in the distribution of household … attributable to different fiscal policy interventions such as taxes, transfers, and social expenditures. The equity aspect of …
Persistent link: https://www.econbiz.de/10015411894
This study assesses the distributional impacts of public expenditures and taxes on poverty and inequality in the …
Persistent link: https://www.econbiz.de/10014454222
efficiency and effectiveness of expenditure programs and boost tax-revenue mobilization. The government should assess and … of ministries with low expenditure execution rates could inform efforts to improve procurement systems and strengthen …
Persistent link: https://www.econbiz.de/10014454304
slowdown with high levels of public debt. Growing current expenditure and debt service obligations amid sluggish tax revenue …
Persistent link: https://www.econbiz.de/10014454362
Despite persistent macroeconomic instability, economic growth continued to recover in 2023, underpinned largely by a steady improvement in the service sector. GDP growth is forecast at 3.7 percent in 2023, slightly down from the projection in May 2023, primarily reflecting higher-than-expected...
Persistent link: https://www.econbiz.de/10014454369