Real-time macro monitoring and fiscal policy
In: Discussion paper 14-122
In: Public finance and corporate taxation
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In: Discussion paper 14-122
In: Public finance and corporate taxation
In: IMF Working Paper No. 02/81
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In: IMF Working Papers, S. 1-17
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In: IMF Working Paper, S. 1-18
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In: World Bank Policy Research Working Paper No. 6303
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Working paper
In: IMF Working Paper No. 12/182
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Working paper
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Working paper
In: IMF Working Paper, S. 1-20
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In: World Bank Policy Research Working Paper No. 6774
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Working paper
In: American economic review, Band 90, Heft 2, S. 243-246
ISSN: 1944-7981
In: IMF Working Paper, S. 1-26
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We define the plutocratic bias as the difference between the inflation measured according to the current official CPI and a democratic index in which all households receive the same weight. (i) We estimate that during the 1990s the plutocratic bias in Spain amounts to 0.055 per cent per year, or about one third of the classical substitution bias estimated by the Boskin Commission for the U.S. (ii) We find that a 16-dimensional commodity space can be conveniently reduced to 3 dimensions, consisting of a luxury good and two necessities. The price behavior of these 3 goods provides a convincing explanation of the oscillations experimented by the plutocratic bias. (iii) Finally, the fact that the plutocratic bias is positive during this period, implies that the change in money income inequality is between 2 and 5 per cent greater than the change in real income inequality. We study the robustness of these results to the time period considered and to the definition of the group index which serves as an alternative to the CPI. We estimate that during the 1980s and the second part of the 1970s in Spain, the plutocratic bias is 0.033 and 0.239 per cent per year, respectively.
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In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 30, Heft 9, S. 1497-1516
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 30, Heft 9, S. 1497-1516
ISSN: 0305-750X
World Affairs Online
We examine the problem of the intertemporal allocation of the solid waste of cities within the United States to spatially distributed landfills and incinerators, taking into account that capacity at existing and potential landfills is scarce. Amendments to the Solid Waste Disposal Act have been proposed to restrict waste flows between states by means of quotas and surcharges. We assess the aggregate surplus loss (and its regional distribution) resulting from proposed policies. In addition, we find that limitations on the size of shipments to any one state will have the perverse effect of substantially increasing interstate waste shipments as states export smaller volumes to more destinations.
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