Abstract Expansionary monetary policies, which started to be implemented after the global crisis in 2008 and became widespread during COVID-19 period, lowered interest rates increased stock market indexes. This study aims investigate effects of expansionary policies before on foreign direct investment (FDI) flows emerging economies. In this context, effect FDI has been tried determined through ...

How does fiscal austerity affect redistributive policies? We document that during episodes, countries tend to increase marginal income tax rates on top earners, but not average earners. then show that, in response an exogenously imposed rule, Italian municipalities local non-linear taxes progressively. They do adjust other policies. College-educated mayors are more likely than less educated imp...

Cities regularly face a wide range of economic development choices that inevitably create both winners and losers within their communities. Proper assessment of the impacts of such choices requires not only an appropriate modelling framework but also explicit understanding and incorporation of a city’s income distribution priorities. This paper proposes that a computable general equilibrium (CG...

In earlier papers, classes of transfer policies have been studied and maximal and minimal Lorenz curves ( ) L p obtained. In addition, there are policies belonging to the class with given Gini indices or passing through given points in the ( ) p L , plane. In general, a transformation ( ) h x describing a realistic transfer policy has to be continuous. In this paper the results are generalized ...

The responsiveness of house prices to monetary policy shocks depends on the nature shock—expansionary versus contractionary—and local housing supply elasticities. These findings are established using a panel 263 US metropolitan areas. Expansionary have larger impact in supply-inelastic Contractionary orthogonal In supply-elastic areas, contractionary greater than expansionary do. opposite holds...

There is a widespread concern that a greater mobility of individuals can undermine any attempt to redistribute income at the local level. In this paper we derive the equilibrium level of redistribution when both the rich and the poor are mobile (although in diierent degrees) and when each jurisdiction chooses its redistributive policy by majority voting. This leads to a fundamental interaction ...

We study optimal redistributive taxes when the population can be disaggregated into tagged groups. Under reasonable circumstances, the tax system will be more redistributive in the tagged group with the higher proportion of high-ability persons. We extend the analysis to the case where the tag reflects differences in resources required to achieve a given level of utility. The compensation given...

based on the “aggregate demand” theory, monetary policies are designed with the aim of achieving desirable level of macroeconomic goals through affecting the stock of money supplyand income velocity of money. thus, the velocity (v)-as well as money supply - has significant impact, particularly on rate of inflation through expansionary or contractionary monetary policy. to focus on the velocity ...

The main aim of this paper is to analyze the different impacts carbon taxation inMexican households at income levels. First, we estimate a household demandsystem for non-durable goods with special emphasis on energy-related goods. Then, weuse results simulate introduction tax. We look potential toraise revenue implementing redistributive policies in order toaddress issues inequality and poverty...

This paper investigates the impact of an increase in life expectancy on level and distribution income presence skill heterogeneity automation. It shows analytically that induces replacement low-skilled workers by automation capital high-skilled workers. Moreover, it raises premium has ambiguous effect total income. A simulation exercise, based US data, as well inequality We consider redistribut...