Front cover image for Inequality and Fiscal Policy

Inequality and Fiscal Policy

Benedict J. Clements (Editor), Ruud De Mooij (Editor), Sanjeev Gupta (Editor), Michael Keen (Editor)
The sizeable increase in income inequality experienced in advanced economies and many parts of the world since the 1990s and the severe consequences of the global economic and financial crisis have brought distributional issues to the top of the policy agenda. The challenge for many governments is to address concerns over rising inequality while simultaneously promoting economic efficiency and more robust economic growth. The book delves into this discussion by analyzing fiscal policy and its link with inequality. Fiscal policy is the government's most powerful tool for addressing inequality. It affects households 'consumption directly (through taxes and transfers) and indirectly (via incentives for work and production and the provision of public goods and individual services such as education and health). An important message of the book is that growth and equity are not necessarily at odds; with the appropriate mix of policy instruments and careful policy design, countries can in many cases achieve better distributional outcomes and improve economic efficiency. Country studies (on the Netherlands, China, India, Republic of Congo, and Brazil) demonstrate the diversity of challenges across countries and their differing capacity to use fiscal policy for redistribution. The analysis presented in the book builds on and extends work done at the IMF, and also includes contributions from leading academics
eBook, English, 2015
International Monetary Fund, 2015
1 online resource
9781513538686, 9781513544076, 1513538683, 1513544071
925286370
Fiscal policy and income inequality : an overview / Benedict Clements, Ruud de Mooij, Maura Francese, Sanjeev Gupta, and Michael Keen
The IMF and income distribution / Benedict Clements, Vitor Gaspar, Sanjeev Gupta, and Tidiane Kinda
Inequality and fiscal redistribution in advanced economies / David Coady, Ruud de Mooij, and Baoping Shang
Fiscal redistribution in developing countries : overview of policy issues and options / Francesca Bastagli, David Coady, and Sanjeev Gupta
Poverty and distribution : thirty years ago and now / Ravi Kanbur
Functional income distribution and its role in explaining inequality / Maura Francese and Carlos Mulas-Granados
The wealth of nations : stylized facts and options for taxation / Luc Eyraud
Fiscal consolidation and inequality in advanced economies : how robust is the link? / Davide Furceri, João Tovar Jalles, and Prakash Loungani
Fiscal consolidation and income inequality / Stefania Fabrizio and Valentina Flamini
International corporate tax spillovers and redistributive policies in developing countries / Ruud de Mooij, Thornton Matheson, and Roberto Schatan
Taxing immovable property : revenue potential and implementation challenges / John Norregaard
Targeting and indirect tax design / Michael Keen
Carbon tax burdens on low-income households : a reason for delaying climate policy? / Ian Parry
The unequal benefits of fuel subsidies revisited : evidence for developing countries / David Coady, Valentina Flamini, and Louis Sears
Equity considerations in the design of public pension systems / Benedict Clements, Csaba Feher, and Sanjeev Gupta
The redistributive impact of government spending on education and health : evidence from thirteen developing countries in the Commitment to Equity Project / Nora Lustig
Income inequality, fiscal decentralization, and transfer dependency / Caroline-Antonia Hummel and Mike Seiferling
Reinventing the Dutch tax-benefit system : exploring the frontier of the equity-efficiency trade-off / Ruud de Mooi
Growing (un)equal : fiscal policy and income inequality in China and BRlC+ / Serhan Cevik and Carolina Correa-Caro
The quest for the Holy Grail : efficient and equitable fiscal consolidation in India / Chadi Abdallah, David Coady, Sanjeev Gupta, and Emine Hanedar
A path to equitable fiscal consolidation in the Republic of Congo / Maximilien Queyranne, Dalia Hakura, and Cameron McLoughlin
Fiscal adjustment and income inequality in Brazilian states / João Pedro Azevedo, Antonio C. David, and Fabiano Rodrigues Bastos