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Three World Wars: Fiscal–Monetary Consequences
Significance We detect common forces that impinged on US monetary and fiscal policies during two 20th century world wars and now during the War on COVID-19 and then compare government and market responses to these forces. The US government had to finance large wartime surges in its expenditures by taxing, borrowing, or printing money.
Thomas J. Sargent
exaly +3 more sources
THE FISCAL WAR OF PORTS AND REGIONAL DEVELOPMENT IN BRASIL
The aim of this paper is to evaluate the effects of state policies in Brazil to encourage imports on trade relations (interstate and international) in their regional dimension.
Fernando Cezar de Macedo +1 more
doaj +2 more sources
A Note on War and Fiscal Capacity in Developing Countries
Abstract We examine the effect of war on state fiscal capacity in developing countries, measured by tax revenue to GDP ratios. In divided or factionalised societies, patronage may substitute for common interest public goods, with the possibility of violent contestation over a rent.
Mansoob Murshed, Abdur R Chowdhury
exaly +3 more sources
Fiscal Discriminations in Three Wars [PDF]
In 1790, a U.S. paper dollar was widely held in disrepute (something shoddy was not `worth a Continental'). By 1879, a U.S. paper dollar had become 'as good as gold.' These outcomes emerged from how the U.S. federal government financed three wars: the American Revolution, the War of 1812, and the Civil War. In the beginning, the U.S.
George J. Hall, Thomas J. Sargent
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Fiscal Efficiency of the Indirect Taxation System in Ukraine [PDF]
The increased riskiness of the fiscal space in Ukraine is a consequence of the generation of military-political and socio-economic challenges at the new stage of Russia's eight-year war against Ukraine.
Larysa Sidelnykova, Diana Ostapenko
doaj +1 more source
Tax morale, fiscal capacity, and war
ABSTRACTThis paper studies the effects of mobilization for war on the development of fiscal capacity and the values of tax compliance (tax morale). We propose a dynamic setting where governments may invest resources to improve the efficiency of the fiscal apparatus and the citizens' tax morality in order to raise the necessary revenues for the defense ...
Alessandro Belmonte +2 more
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The war in Ukraine represented a major geopolitical shock for the EU. In the face of an illegal Russian aggression, EU institutions and member states rallied to support Ukraine. Nevertheless, the war in Ukraine also exposed the limited fiscal capacity of
Federico Fabbrini
doaj +1 more source
Guerra fiscal: uma avaliação comparativa entre alguns estados participantes
Na década de 1990 muitas unidades da Federação concederam isenções tributárias para atrair investimentos. No ambiente competitivo da economia brasileira após 1997, a pesquisa comparativa avalia o impacto da guerra fiscal nas receitas do ICMS, na geração ...
Sidnei Pereira do Nascimento
doaj +1 more source
Fiscal Multipliers in War and in Peace [PDF]
Proponents of fiscal stimulus argue that government spending is needed to replace the private spending normally lost during a recession. Estimates of the so-called fiscal multiplier based on wartime episodes are used to support the proposition that a peacetime intervention can “stimu late” the economy in a desirable manner.
openaire +2 more sources
An auction theoretical approach to fiscal wars [PDF]
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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