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The causes and consequences of rising #inequality have stirred a lively debate on appropriate policy responses. This column reviews how governments have successfully used fiscal policy to address distributive concerns. It also examines the policy alternatives that countries can pursue in order to reduce income and wealth inequality at a minimum cost to efficiency. Such policies include exploitation of property taxes, reductions in tax deductions that favour upper-income groups, investing in increasing the human capital of low-income groups, and reforming social benefits. #taxation   #income   #wealth   #property  
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Vladislav plusTheWorld's profile photoTerry Power's profile photo
 
what happened to fairness ? If you insist on taxation, tax everyone equally.
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IMF research documents the evolution of poverty and inequality across Indian states during the recent period of rapid growth (2004-09), and examines the role of growth and distribution in reducing poverty. Robust economic growth has been a major driver of poverty reduction and inclusiveness in #India. The authors explore the role of economic policies and macrofinancial conditions in explaining inclusive growth and its components, using a new measure of inclusive growth. Social expenditures, spending on #education, and educational attainment rates are important for fostering inclusive growth. Macro-financial stability, with particular attention to inflation risks, is also critical for promoting inclusive growth. #inequality  
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Vladislav plusTheWorld's profile photoIMF Survey Magazine's profile photo
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Countries in the Middle East and North Africa (MENA) need resolute policy actions to lift growth, create jobs, promote fairness, and diversify their economies, says the IMF. The global lender sponsors discussions among experts, policymakers, and other stakeholders on the necessary reforms.  Economic challenges facing the #MENA region were high on the agenda of the 2014 IMF-World Bank Spring Meetings. The meetings brought together ministers and top government officials, as well as journalists, academics, bloggers, and representatives of civil society and the private sector from all over the world to discuss the critical issues facing the world economy. #Arab   #Mideast  
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Jeremy Clift's profile photoIMF Survey Magazine's profile photo
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In both advanced and developing countries, improving the targeting of welfare benefits can generate fiscal savings without compromising equity. Reducing the wage bill in a durable way would require replacing the wage and hiring freezes implemented in several countries since 2009 with deeper structural measures.
By: Sanjeev Gupta and Martine Guerguil The global financial crisis brought to the fore the question of sustainability of public finances. But it merely exacerbated a situation that was bound to att...
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Tharman Shanmugaratnam, chairman of the International Monetary and Financial Committee, says that the focus must turn to structural reforms to " build resilience in growth" and create jobs. He also highlights that steps to address income #inequality should focus on raising the skills and productive potential of everyone. #IMF   #jobs  
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Jeremy Clift's profile photoIMF Survey Magazine's profile photo
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Have them in circles
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Gordana Biernat's profile photo
 
 
IMF research documents the evolution of poverty and inequality across Indian states during the recent period of rapid growth (2004-09), and examines the role of growth and distribution in reducing poverty. Robust economic growth has been a major driver of poverty reduction and inclusiveness in #India. The authors explore the role of economic policies and macrofinancial conditions in explaining inclusive growth and its components, using a new measure of inclusive growth. Social expenditures, spending on #education, and educational attainment rates are important for fostering inclusive growth. Macro-financial stability, with particular attention to inflation risks, is also critical for promoting inclusive growth. #inequality  
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Vladislav plusTheWorld's profile photo
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middleeCountries in the Middle East and North Africa (MENA) need resolute policy actions to lift growth, create jobs, promote fairness, and diversify their economies, says the IMF. The global lender sponsors discussions among experts, policymakers, and other stakeholders on the necessary reforms.  Economic challenges facing the #MENA region were high on the agenda of the 2014 IMF-World Bank Spring Meetings. The meetings brought together ministers and top government officials, as well as journalists, academics, bloggers, and representatives of civil society and the private sector from all over the world to discuss the critical issues facing the world economy. #Arab   #Mideast 
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Vladislav plusTheWorld's profile photo
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In both advanced and developing countries, improving the targeting of welfare benefits can generate fiscal savings without compromising equity. Reducing the wage bill in a durable way would require replacing the wage and hiring freezes implemented in several countries since 2009 with deeper structural measures.
By: Sanjeev Gupta and Martine Guerguil The global financial crisis brought to the fore the question of sustainability of public finances. But it merely exacerbated a situation that was bound to att...
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Vladislav plusTheWorld's profile photo
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IMF Survey Magazine

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Tharman Shanmugaratnam, chairman of the International Monetary and Financial Committee, says that the focus must turn to structural reforms to " build resilience in growth" and create jobs. He also highlights that steps to address income #inequality should focus on raising the skills and productive potential of everyone. #IMF   #jobs  
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Forecasters have a poor reputation for predicting recessions. This column quantifies their ability to do so, and explores several reasons why both official and private forecasters may fail to call a recession before it happens. #Economics   #forecast  
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IMF Survey - the news magazine of the International Monetary Fund -- global economic and financial analysis
Introduction
IMF Survey is an online magazine carrying news, views, and analysis from the International Monetary Fund. Intended for a broad audience, the IMF Survey features insight into Fund operations, policy analyses, country developments, globalization, interviews with leading economists, and current issues in international finance. Selected articles from the online Survey are also published on the IMF’s Arabic, Chinese, French, Japanese, Russian, and Spanish websites.