Felipe Muller

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The redistributive effects of fiscal policies seem to have flattened (in many European countries) or diminished (such as in the United States). The average redistributive effects (the change of Gini coefficients between before and after tax and transfer) have declined from 53 percent to about 50 percent in the group of selected OECD countries over the last decade (Figure 6 top right panel). This reinforces earlier findings that the fiscal redistributive role has declined over the mid-1990s to mid-2000s
The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival
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