Fiscal policy and income redistribution in the turbulent era

Benedict Clements, Sanjeev Gupta and Joao Jalles

Chapter 10 in Fiscal Policy in a Turbulent Era, 2024, pp 155-167 from Edward Elgar Publishing

Abstract: This chapter discusses trends in income distribution in recent years, both globally and within countries, including the impact of COVID-19. The channels through which fiscal policy affects income inequality are laid out and the relative effectiveness of fiscal instruments in addressing distributive concerns in advanced and developing countries reviewed. The consequences of fiscal tightening on income distribution are then discussed. The chapter concludes with an agenda for reforming taxation and spending policies in advanced and developing countries to achieve better redistribution in turbulent times ahead.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2024
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