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Fiscal Devaluation and Fiscal Consolidation.pdf

Fiscal Devaluation and Fiscal Consolidation false
By:Mr. Michael Keen,Ruud A. de Mooij
Published on 2012-03-01 by International Monetary Fund


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.

This Book was ranked at 36 by Google Books for keyword Consolidation.

Book ID of Fiscal Devaluation and Fiscal Consolidation's Books is TUJTRFWfexAC, Book which was written byMr. Michael Keen,Ruud A. de Mooijhave ETAG "+aSErRae/K8"

Book which was published by International Monetary Fund since 2012-03-01 have ISBNs, ISBN 13 Code is 9781475548358 and ISBN 10 Code is 1475548354

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Fiscal Devaluation and Fiscal Consolidation -Mr. Michael Keen,Ruud A. de Mooij- 9781475548358

Fiscal Devaluation and Fiscal Consolidation -Mr. Michael Keen,Ruud A. de Mooij- 1475548354

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