IMF researchers Jonathan Ostry: The paper by IMF researchers Jonathan Ostry, Andrew Berg and Charalambos Tsangarides will be applauded by politicians and economists who regard high levels of income inequality as not only a moral stain on society but also economically unsound, according to Huffington Post. In the most controversial finding, the study concludes that redistributing wealth, largely through taxation, does not significantly impact growth unless the intervention is extreme and A new paper by researchers at the International Monetary Fund appears to debunk a tenet of conservative economic ideology that taxing the rich to give to the poor is bad for the economy. Labelled as the first study to incorporate recently compiled figures comparing pre- and post-tax data from a large number of countries, the authors say there is convincing evidence that lower net inequality is good economics, boosting growth and leading to longer-lasting periods of expansion.
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Tagged under International Monetary Fund, income inequality topics.
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