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We then calculate changes in key macroeconomic variables such as corporate balance sheets, growth and wages during these episodes. After this the modus operandi of the adjustment required the creation of palliative social compensation programs to alleviate, in a focused and short-term manner, the impact on those parts of the populations hardest hit and most susceptible to supporting the opposition. At the same time, the redistributive impact of taxation is reduced because most of income and wealth taxes are paid by firms rather than households.

Pages: 354

Publisher: Berrett-Koehler Pub; 1 edition (June 1994)

ISBN: 1881052451

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