Search results for "Reform."
showing 10 items of 677 documents
Reforming a complicated income tax system: The political economy perspective
2006
Abstract In this paper we analyze the political economy of revenue-neutral income tax reforms when a government aims at cutting back deduction possibilities in exchange for lower tax rates (“tax-cut-cum-base-broadening”). We show that the individual decision whether to support or reject a reform proposal depends on how strongly the voter is affected by all available exemptions, even if the cut of only one single exemption is at stake. The voting outcome in the society depends on the joint distribution of the deductible characteristics. Due to implicit logrolling there are cases where only symmetrical tax reforms are possible, whereas for other properties of the joint distribution only asymm…
Can re-regulation of the financial sector strike back public debt?
2015
This paper analyzes the impact of financial sector policy changes on the dynamics of public debt. Using a panel of 89 countries from 1973 to 2005, we find that while the implementation of (large) financial liberalisation policies significantly raises the public debt growth rate, the adoption of financial re-regulation measures leads to a mild reduction of public debt. Looking at the different typologies of financial sector policy changes, we show that stricter banking supervision, privatisations and restrictions to international capital flows contribute to a fast decline of the growth rate of public debt. In contrast, the removal of entry barriers and the elimination of interest rate contro…
What determines the likelihood of structural reforms?
2015
We use data for a panel of 60 countries over the period 1980–2005 to investigate the main drivers of the likelihood of structural reforms. We find that: (i) external debt crises are the main trigger of financial and banking reforms; (ii) inflation and banking crises are the key drivers of external capital account reforms; (iii) banking crises also hasten financial reforms; and (iv) economic recessions play an important role in promoting the necessary consensus for financial, capital, banking and trade reforms, especially in the group of OECD-countries. Additionally, we also observe that the degree of globalisation is relevant for financial reforms, in particular in the group of non-OECD cou…
The financial impact of Spanish pension reform: A quick estimate
2012
In this paper, we present a preliminary estimate of the financial impact of the recent reform of the Spanish pension system. After updating the projections of pension expenditure constructed in de la Fuente and Doménech (2010) for the period 2008-2060, we analyze the impact on this variable of raising the retirement age from 65 to 67 years, extending from 15 to 25 years the period over which wages are averaged to calculate the starting pension and increasing from 35 to 37 the number of contribution years required to obtain a 'full pension.' Conditional on a series of assumptions about the evolution of employment, productivity and demographics, our estimates suggest that these measures will …
El patrón oro y el euro. Una reflexión a partir de la lectura de A Tract on Monetary Reform
2017
This paper makes a comparison between the gold standard and the euro through a study of Keynes’s views on the need to manage the macroeconomic situation of an industrial economy. The essay centers on Keynes’s first relevant economic work of the post World War I years, A Tract on Monetary Reform, analyzing its theoretical and practical content. The situation of monetary instability and the choice of exchange regime (to return or not to the gold standard, with the parity prior to the war) were the factors that attracted Keynes’s attention in those years. Similarities between the gold standard and the present euro system bestow a certain interest on Keynes’s ideas and on the economic discussio…
Intercultural Studies in Higher Education. Policy and Practice
2019
International audience; This book explores the study of policies and practices in Higher Education by comparing systems, institutions, programs, innovations, results and cultures. In a rapidly changing global and international marketplace, the growth of higher education has occurred within distinct cultural contexts, meaning that change is reflected within local, regional, national and global perspectives. Using a single data methodology across countries and continents, the editors and contributors explore higher education reforms between global and local dimensions, the expansion of access and democratisation, and relevant aspects in the organisation and management of higher education. In …
Autorytet Biblii w tradycji ewangelickiej
2011
The Bible in protestant tradition inherits exceptional meaning. There is nothing else along with the Bible that would present of equal or similar value for evangelical theology. Highest merits for elaborating such great respect to the Holy Scripture shall be awarded to the Father of Reformation – Martin Luther. In accordance with the sola scriptura reformative rule formed by him, the only normative value in the life and faith of Evangelical Churches is presented by the Bible. Such position is adopted by all post-Reformation Churches continuously. The rejection of Magisterium Ecclesiae may however lead to the risk of polysemantic and subjective interpretation of biblical chapters by the wors…
Historyczny rozwój katolickiego obrazu Marcina Lutra
2018
Katolicki obraz Marcina Lutra na przestrzeni wieków ewoluował od zdecydowanie negatywnego w czasie reformacji i w wiekach następnych, poprzez próby teologicznie i historycznie pogłębionych analiz inspirowanych ruchem ekumenicznym, aż po współczesną akceptację wielu jego teologicznych postulatów. Współczesne kierunki rzymskokatolickiego myślenia o Lutrze dobrze streszczają historycznie wyważone i dogmatycznie pogłębione opinie ostatnich papieży: Jana Pawła II, Benedykta XVI i Franciszka. Idąc za tekstami uzgodnień Komisji luterańsko-katolickiej na forum światowym, ekumenicznie otwarci papieże potrafią dostrzec w Marcinie Lutrze człowieka głęboko religijnego, świadka Ewangelii, którego myśl t…
Poglądy gospodarcze Marcina Lutra
2018
The 500th anniversary of the Reformation gave a perfect opportunity to remind and reflect on the most important issues of its father, Martin Luther. Although the socio- -economic problems were not the main ideas of his teaching, the Reformer from Wittenberg quite frequently raised questions which concerned the following topics: property and wealth, fair price and usury, professional work and vocation. Obviously Martin Luther did not create any specific and coherent system of economic ethics, but his socio-ethical reflections remain until today an important basis for contemporary Evangelical business ethics characterized, among others, by: individualism, creativity, familiarity, patriotism, …
Ni-Based Catalysts for Low Temperature Methane Steam Reforming: Recent Results on Ni-Au and Comparison with Other Bi-Metallic Systems
2013
Steam reforming of light hydrocarbons provides a promising method for hydrogen production. Ni-based catalysts are so far the best and the most commonly used catalysts for steam reforming because of their acceptably high activity and significantly lower cost in comparison with alternative precious metal-based catalysts. However, nickel catalysts are susceptible to deactivation from the deposition of carbon, even when operating at steam-to-carbon ratios predicted to be thermodynamically outside of the carbon-forming regime. Reactivity and deactivation by carbon formation can be tuned by modifying Ni surfaces with a second metal, such as Au through alloy formation. In the present review, we su…