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Fiscal policy and income redistribution in the turbulent era

In: Fiscal Policy in a Turbulent Era

Author

Listed:
  • Benedict Clements
  • Sanjeev Gupta
  • João Tovar Jalles

Abstract

This chapter discusses trends in income distribution in recent years, both globally and within countries, including the impact of COVID-19. The channels through which fiscal policy affects income inequality are laid out and the relative effectiveness of fiscal instruments in addressing distributive concerns in advanced and developing countries reviewed. The consequences of fiscal tightening on income distribution are then discussed. The chapter concludes with an agenda for reforming taxation and spending policies in advanced and developing countries to achieve better redistribution in turbulent times ahead.

Suggested Citation

  • Benedict Clements & Sanjeev Gupta & João Tovar Jalles, 2024. "Fiscal policy and income redistribution in the turbulent era," Chapters, in: Enrique Alberola (ed.), Fiscal Policy in a Turbulent Era, chapter 10, pages 155-167, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:21915_10
    as

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    File URL: https://www.elgaronline.com/doi/10.4337/9781035300563.00021
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