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Das House-Kapital

Das House-Kapital »

Source: Das House-Kapital : A Long Term Housing & Macro Model

Volume/Issue: 2017/80

Series: IMF Working Papers

Author(s): Volker Grossman , and Thomas Steger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 March 2017

ISBN: 9781475590302

Keywords: Housing Wealth; Non-Residential Wealth; Wealth-to-Income Ratios, Housing Wealth, Non-Residential Wealth, Wealth-to-Income Ratios, General

There are, by now, several long term, time series data sets on important housing & macro variables, such as land prices, house prices, and the housing wealth-to-income ratio. However, an appropriate theory that can...

Heterogeneity and Persistence in Returns to Wealth

Heterogeneity and Persistence in Returns to Wealth »

Source: Heterogeneity and Persistence in Returns to Wealth

Volume/Issue: 2018/171

Series: IMF Working Papers

Author(s): Andreas Fagereng , Luigi Guiso , Davide Malacrino , and Luigi Pistaferri

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2018

ISBN: 9781484370063

Keywords: Wealth inequality, returns to wealth, net worth, heterogeneity, intergenerational mobility

We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway's administrative tax records. We document a number of novel results. First, durin...

Fiscal Monitor, October 2018
			: Managing Public Wealth

Fiscal Monitor, October 2018 : Managing Public Wealth »

Series: Fiscal Monitor

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 October 2018

DOI: http://dx.doi.org/10.5089/9781484367612.089

ISBN: 9781484367612

Keywords: Public sector, Balance sheets, Fiscal policy, Public debt, Expenditures, balance sheet, public wealth, liquid assets, net (financial) worth, gross debt

Public sector balance sheets provide the most comprehensive picture of public wealth. They bring together all the accumulated assets and liabilities that the government controls, including public corporations, natu...

Inflation, Financial Developments, and Wealth Distribution1

Inflation, Financial Developments, and Wealth Distribution1 »

Source: Inflation, Financial Developments, and Wealth Distribution

Volume/Issue: 2016/132

Series: IMF Working Papers

Author(s): Wai-Yip Alex Ho , and Chun-Yu Ho

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 July 2016

ISBN: 9781498352826

Keywords: Inflation, Borrowing Constraint, Adjustment Cost, Heterogeneous Agents, Wealth Distribution

We find that from 1995 to 2002 in China, the dispersion of wealth decreased, the moneywealth ratio increased for all wealth levels and the aggregate money-output ratio increased. We develop a two-asset dynamic gene...

The Macroeconomic and Distributional Implications of Fiscal Consolidations in Low-income Countries

The Macroeconomic and Distributional Implications of Fiscal Consolidations in Low-income Countries »

Source: The Macroeconomic and Distributional Implications of Fiscal Consolidations in Low-income Countries

Volume/Issue: 2018/146

Series: IMF Working Papers

Author(s): Adrian Peralta-Alva , Marina Mendes Tavares , Xuan Tam , and Xin Tang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2018

ISBN: 9781484363034

Keywords: Fiscal Consolidations, Inequality, Low-income Countries, Personal Income and Wealth Distribution

We quantitatively investigate the macroeconomic and distributional impacts of fiscal consolidations in low-income countries (LICs) through value added tax (VAT), personal income tax (PIT), and corporate income tax...

Analyzing the Effects of Financial and Housing Wealth on Consumption using Micro Data

Analyzing the Effects of Financial and Housing Wealth on Consumption using Micro Data »

Source: Analyzing the Effects of Financial and Housing Wealth on Consumption using Micro Data

Volume/Issue: 2019/115

Series: IMF Working Papers

Author(s): Carlos Caceres

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 May 2019

ISBN: 9781498316477

Keywords: Price indexes, Demographic indicators, Consumption, Disposable income, Private consumption, housing and financial wealth, household surveys, MPCs, stock holding, MPC

This paper analyzes the existence of 'wealth effects' derived from net equity (in the form of housing, financial assets, and total net worth) on consumption. The study uses longitudinal household-level data?from th...

Inequality in China - Trends, Drivers and Policy Remedies

Inequality in China - Trends, Drivers and Policy Remedies »

Source: Inequality in China - Trends, Drivers and Policy Remedies

Volume/Issue: 2018/127

Series: IMF Working Papers

Author(s): Sonali Jain-Chandra , Niny Khor , Rui Mano , Johanna Schauer , Philippe Wingender , and Juzhong Zhuang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2018

ISBN: 9781484357538

Keywords: Asia and Pacific, China, Fiscal policy, Income inequality, structural change, Personal Income and Wealth Distribution, General

China has experienced rapid economic growth over the past two decades and is on the brink of eradicating poverty. However, income inequality increased sharply from the early 1980s and rendered China among the most...

Japan's Stagnant Nineties

Japan's Stagnant Nineties »

Source: Japan's Stagnant Nineties : A Vector Autoregression Retrospective

Volume/Issue: 1999/45

Series: IMF Working Papers

Author(s): Christel Rendu , and Ramana Ramaswamy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1999

ISBN: 9781451846454

Keywords: vector autoregression, shocks, bubble, private consumption, fiscal policies, fiscal stimulus, household wealth

This paper uses a vector autoregression (VAR) approach to identify the driving forces of the growth slowdown in Japan during the 1990s. Negative shocks to both residential and nonresidential investment are shown to...

Reforming Capital Taxation in Italy1

Reforming Capital Taxation in Italy1 »

Source: Reforming Capital Taxation in Italy

Volume/Issue: 2014/6

Series: IMF Working Papers

Author(s): Luc Eyraud

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 January 2014

ISBN: 9781484370728

Keywords: Capital taxation, tax efficiency, redistribution, wealth, property tax, tax system, capital taxes, property taxes, General, Household,

This paper reviews capital taxation issues in Italy based on a comprehensive definition encompassing taxes on income, transactions, and ownership. It discusses options to enhance the neutrality of the capital incom...

The Security Factor in The Political Economy of Development

The Security Factor in The Political Economy of Development »

Source: The Security Factor in The Political Economy of Development

Volume/Issue: 1998/33

Series: IMF Working Papers

Author(s): Martin McGuire

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1998

ISBN: 9781451979381

Keywords: Security, Economic Conflict, Wealth Distribution, Governance, Institutions of Development, military, taxation, army, military dictatorship, tax collection

A country’s judiciary, police, and security forces are essential to protect the State from external aggression. By virtue of the State’s monopoly of coercion, they maintain a stable legal framework an...