Willy, Craig J. (2013) Contrary to what is promoted by the EU’s central bankers, higher taxes tend to coincide with lower deficits and low debt. LSE European Politics and Policy (EUROPP) Blog (08 Apr 2013). Website.
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Abstract
Eurozone central bankers have advocated cutting taxes as part of deficit reduction, placing the burden entirely on public spending cuts, while politicians across the eurozone have tended to prefer spending cuts over tax increases in implementing austerity. But are lower taxes the key to deficit reduction? Craig J. Willy looks at evidence from across the OECD and finds that higher taxes tend to be correlated with lower levels of public debt, and greater fiscal sustainability. In addition, greater levels of income equality in countries are also correlated with fiscal sustainability.
| Item Type: | Online resource (Website) |
|---|---|
| Official URL: | http://blogs.lse.ac.uk/europpblog/ |
| Additional Information: | © 2013 The Author(s) |
| Divisions: | LSE |
| Subjects: | H Social Sciences > HB Economic Theory J Political Science > JN Political institutions (Europe) |
| Date Deposited: | 05 Apr 2017 15:43 |
| Last Modified: | 15 Sep 2023 19:02 |
| URI: | http://eprints.lse.ac.uk/id/eprint/72715 |
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