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IMF: higher taxes for rich will cut inequality without hitting growth

Higher income tax rates for the rich would help reduce inequality without having an adverse impact on growth, the International Monetary Fund has said. The Washington-based IMF used its influential half-yearly fiscal monitor to demolish the argument that economic growth would suffer if governments in advanced Western countries forced the top 1% of earners to […]


Fiscal cosa?

Entro la fine dell’anno, il Parlamento dovrà ratificareil Fiscal Compact. Nessuno ne parla ma qualsiasi futuro governo rischia di essere, se non commissariato, per lo meno fortemente limitato nelle proprie scelte

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Déjà Voodoo

A Trump administration staffed by plutocrats – most of whom gained their wealth from rent-seeking activities, rather than from productive entrepreneurship – could be expected to reward themselves. But the Republicans’ proposed tax reform is a bigger gift to corporations and the ultra-rich than most had anticipated


A Better Way to Make Economic Forecasts

Economists are famously bad at predicting growth. A new technique might help them get a little better. When assessing a country’s potential to prosper, economists typically look at aggregate measures such as education, investment or national debt. This hasn’t worked particularly well: China’s economy, for example, has kept growing at a fast pace even though […]


How to rethink capitalism

Western capitalism came close to collapsing in 2007/2008, and has still not recovered. And the vast majority of economists had not understood what was happening. The recently released book “Rethinking Capitalism” takes a deeper look at both failures