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[Invitation] Research Paper Seminar “On the Distributional Impact of Fiscal Consolidations”

  • Name국제협력팀
  • Date2023-03-03 09:24
  • Hit1,295
  • Event Date 2023-03-08

We are pleased to announce that KDI School’s partner institution, the World Bank, will be hosting a webinar series on March 8 at 11:00 PM.


For those who are interested, please find the meeting link on the poster.


Thank you.




 ABOUT THE EVENT


In this study the authors have utilized a novel panel database to document a substantial number of (215) fiscal consolidation episodes that occurred between 1980 and 2018 for 78 countries. Using Local Projections (LP), we examine impulse responses of selected income inequality/distribution indicators to these episodes. Our findings show that fiscal consolidations are accompanied by higher (lower) inequality under: i) above (below)-median capital account openness; ii) above (below)-median debt-to-GDP ratios; and iii) below (above)-median skill levels. We also find that below (above)-average social expenditure/unemployment rates and above-average tax progressivity in the pre-consolidation year are associated with an equalizing (non-equalizing) effect post-consolidation. Finally, fiscal consolidation design features matter, with below-average size/duration and tax-based consolidations reducing inequality (contrary to above-average size/duration and expenditure-based consolidations). These results are generally consistent with the reviewed literature and remain robust to alternative specifications.

 

The proposed event will help participants gain a better understanding of:

  • Trends in and characteristics of fiscal consolidations over the past years.
  • The association between fiscal consolidations and various indicators of income inequality/distribution.
  • Channels through/conditions under which fiscal consolidations are associated with income inequality/distribution.

 

Participants will have the opportunity to gain insights from a new study , presenting findings along the aforementioned dimensions, which could be applied to WB/MTI country-specific  work on fiscal adjustments.

 

HOW TO JOIN

Click here to join on Teams  

Meeting ID: 297 672 913 807
Passcode: iyVBMw

 

Join with a video conferencing device

wbg@m.webex.com

Video Conference ID: 112 440 512 6

Alternate VTC instructions

 

Or call in (audio only)

+1 509-408-0991,,121272245#   United States, Spokane

Phone Conference ID: 121 272 245#

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About the Fiscal Policy Knowledge Series

The fiscal policy knowledge series hosted by Fiscal Policy and Sustainable Growth Unit, MTI, promote knowledge sharing and discussion of fiscal policy issues in developing economies. These sessions bring together leading fiscal experts and practitioners from academia, international organizations, governments, and World Bank staff working on fiscal issues. 

For more information, please contact Teuta Gashi @ tgashi@worldbank.org and Bertha M.Mburgu @bmburugu@worldbank.org

For more events visit: MTI GP’s events page