WebSep 21, 2024 · Through the lens of a two-country sovereign default model, we quantitatively evaluate how a set of cross-country policies affects governments' borrowing decisions, default risk, and households' welfare. We find that ex-post policies, such as bailouts, are counterproductive as they induce moral hazard and lead to a decline in welfare. WebJan 1, 2011 · Although EU Member States have retained national sovereignty in tax matters, a consistent line of decisions by the European Court of Justice requires them to exercise these powers consistent with superseding Community law. In other words, the Member States are not wholly autonomous. This in turn creates serious tensions. This …

Fiscal sustainability - Wikipedia

WebJul 30, 2024 · key takeaways. In the United States, fiscal policy is directed by both the executive and legislative branches of the government. In the executive branch, the … WebFiscal sustainability, or public finance sustainability, is the ability of a government to sustain its current spending, tax and other policies in the long run without threatening … citrix workspace aeronautica militare

If You Can’t Have Wealth Taxes, You Don’t Have a Country

WebDownloadable (with restrictions)! The paper focuses on two crucial issues that hinder the fiscal sovereignty of developing countries: the reduced level of international tax cooperation, and the lack of appropriate procedures for sovereign debt crisis resolution. The low level of international tax cooperation enables a “race to the bottom” in tax rates … Websovereignty: the power over a territory (“enforcement jurisdiction”) and the power over a particular set of subjects (“political allegiance”). This binary nature of sovereignty was … Webany adaptation of existing international taxation principles should be structured to maintain the fiscal sovereignty of countries, to achieve a fair sharing of the tax base from … dickinson\u0027s toner witch hazel