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Fiscal Devaluation and Fiscal Consolidation
  • Language: en
  • Pages: 49

Fiscal Devaluation and Fiscal Consolidation

This paper focuses on two core tax design issues that arise in addressing current fiscal challenges. It first explores the idea, prominent in troubled Eurozone countries, of a "fiscal devaluation": shifting from social contributions to the VAT as a way to mimic a nominal devaluation. Empirical evidence is presented which suggests that in Eurozone countries this may indeed improve the trade balance in the short-run, though, as theory predicts, the effects eventually disappear. The paper then assesses the wider scope for VAT reform in meeting fiscal consolidation needs, developing and beginning to apply a methodology for finding additional VAT revenue in ways less distortionary and fairer than further raising the standard rate.

Crisis of Conservatism?
  • Language: en
  • Pages: 416

Crisis of Conservatism?

Crisis of Conservatism? assesses the status of American conservatism--its politics, its allies in the Republican Party, and the struggle for the soul of the conservative movement. The book's contributors, a broad array of leading scholars of conservatism, identify a range of tensions in the conservative movement and the Republican Party, tensions over what conservatism is and should be, over what conservatives should do when in power, and over how conservatives should govern. In doing so, they reveal the many varieties of conservatism and examine the internal conflicts, strengths and challenges that will define the movement in the future.

Angola
  • Language: en
  • Pages: 60

Angola

This Selected Issues paper assesses macroeconomic fiscal risks and the benefits of improved fiscal risk management in Angola. Angola faces fiscal risks coming from multiple sources, such as volatility in oil prices and production, macroeconomic shocks, weak macroeconomic forecasting; weaknesses in public fiscal management, energy subsidies, potential delays of oil revenue transfers from the state-owned oil company Sonangol to the Treasury, and contingent liabilities from state-owned banks and enterprises. Addressing these risks requires action in various fronts, including more transparent fiscal reporting, improved forecasting of fiscal aggregates and other macroeconomic variables, developing a fiscal stabilization fund with more flexible deposit and withdrawal rules, strengthened public expenditure controls, and more timely oil revenue transfers from Sonangol to the Treasury.

Capitalist Diversity on Europe's Periphery
  • Language: en
  • Pages: 305

Capitalist Diversity on Europe's Periphery

With the collapse of the Council for Mutual Economic Assistance in 1991, the Eastern European nations of the former socialist bloc had to figure out their newly capitalist future. Capitalism, they found, was not a single set of political-economic relations. Rather, they each had to decide what sort of capitalist nation to become. In Capitalist Diversity on Europe's Periphery, Dorothee Bohle and Béla Geskovits trace the form that capitalism took in each country, the assets and liabilities left behind by socialism, the transformational strategies embraced by political and technocratic elites, and the influence of transnational actors and institutions. They also evaluate the impact of three re...

Reforming Brazil
  • Language: en
  • Pages: 284

Reforming Brazil

This groundbreaking work is the first volume in English to examine Brazil's historic policy reforms of the 1990s and the political, economic, and social results. For years the large and ineffective government of Brazil could neither improve the country's greatly uneven distribution of wealth nor maintain inflation at reasonable levels. In the 1990s, long overdue changes bettered the government's fiscal performance, tamed inflation, and addressed chronic social ills stemming from the imbalance of wealth. But many problems, and many questions, remain. Why is Brazil still so poor, and why is inequality so intransigent? Were some of the reforms counterproductive, or could they have been implemented in a more effective way? Collecting essays by top Brazilianist scholars from various disciplines and intellectual traditions, Reforming Brazil provides new insights for international policy makers, economists, and scholars of Brazil.

Transition Economics
  • Language: en
  • Pages: 506

Transition Economics

  • Type: Book
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  • Published: 2012-07-26
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  • Publisher: Routledge

Celebrating twenty years of transition from socialism to capitalism, this book is designed to be the core textbook for undergraduate courses in transition economics and comparative economic systems. Given the passage of time, Transition Economics: Two Decades On reviews and accounts for the outcomes in the so-called transition economies and, from an academic perspective, takes the reader through developments and issues in the twenty years of transition from plan to market. Treating its subject matter thematically, the book incorporates much of the transition economics literature and evidence that have evolved over the past two decades. In particular, the authors focus on the most important a...

Measuring Regional Authority
  • Language: en
  • Pages: 708

Measuring Regional Authority

This is the first of five ambitious volumes theorizing the structure of governance above and below the central state. This book is written for those interested in the character, causes, and consequences of governance within the state and for social scientists who take measurement seriously. The book sets out a measure of regional authority for 81 countries in North America, Europe, Latin America, Asia, and the Pacific from 1950 to 2010. Subnational authority is exercised by individual regions, and this measure is the first that takes individual regions as the unit of analysis. On the premise that transparency is a fundamental virtue in measurement, the authors chart a new path in laying out ...

Mobilizing Revenue in Sub-Saharan Africa
  • Language: en
  • Pages: 74

Mobilizing Revenue in Sub-Saharan Africa

Mobilizing more revenue is a priority for sub-Saharan African (SSA) countries. Countries have to finance their development agendas, and weak revenue mobilization is the root cause of fiscal imbalances in several countries. This paper reviews the experience of low-income SSA countries in mobilizing revenue in recent decades, with two broad aims: identify empirical norms of how much and how fast countries have been able to mobilize more revenue and empirical determinants (panel estimates) of revenue mobilization. The paper finds that (i) the frequency distribution of changes in revenue ratios for SSA low-income countries (LICs) peaks at a pace of about 1⁄2-2 percentage points of GDP in the s...

Annual World Bank Conference on Development in Latin America and the Caribbean
  • Language: en
  • Pages: 444

Annual World Bank Conference on Development in Latin America and the Caribbean

The fifth ABCD-LAC focuses on decentralisation and the need to bring governments closer to the people in a rapidly changing global economic environment.

The Brazilian Economy
  • Language: en
  • Pages: 522

The Brazilian Economy

Bringing the analysis of Brazil's economic performance up to date, Baer's classic text remains the only book in English to provide a thorough historical, statistical, and institutional description of the Brazilian economy. After touching on such issues as Brazil's exporting economy prior to the 1930s, the impact of external shocks, and the historical struggle to bring inflation under control, the book turns to contemporary issues. The changing nature of Brazil's international trading and investment links, the past role of state enterprises and the process of privatization, the agricultural sector, environmental issues, and the economics of the health delivery system are thoroughly examined. ...