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Taxation, Bank Leverage, and Financial Crises

Author/Editor: Ruud A de Mooij, Michael Keen, Masanori Orihara.

Release Date:February, 2013

That most corporate tax systems favor debt over equity finance is now widely recognized as, potentially, amplifying risks to financial stability. This paper makes a first attempt to explore, more...



Price: $18.00
Coordinating Climate and Trade Policies: Pareto Efficiency and the Role of Border Tax Adjustments

Author/Editor: Michael Keen, Christos Kotsogiannis.

Release Date:December, 2012

This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue of whether some form of border tax adjustment (BTA) is warranted when carbon more...



Price: $18.00
Fiscal Policy to Mitigate Climate Change: A Guide for Policymakers : A Guide for Policymakers

Release Date:September, 2012

Efforts to control atmospheric accumulations of greenhouse gases that threaten to heat up the planet are in their infancy. Although the IMF is not an environmental organization, environmental issues more...



Price: $28.00
Taxation and Development - Again

Author/Editor: Michael Keen.

Release Date:September, 2012

Issues of taxation and development, which have long been a central concern of the IMF, have attracted wider and renewed interest in the last few years. This paper reflects on three broad lessons of more...



Price: $18.00
"Fiscal Devaluation" and Fiscal Consolidation: The VAT in Troubled Times

Author/Editor: Ruud A. de Mooij, Michael Keen.

Release Date:March, 2012

This paper focuses on two core tax design issues that arise in addressing current fiscal challenges. It first explores the idea, prominent in troubled Eurozone countries, of a fiscal devaluation: more...



Price: $18.00
Debt, Taxes, and Banks

Author/Editor: Michael Keen, Ruud A. de Mooij.

Release Date:February, 2012

Understanding the impact of the asymmetric tax treatment of debt and equity on the capital structures of financial institutions is critical to shaping and assessing responses to the problem of more...



Price: $18.00
The Taxation and Regulation of Banks

Author/Editor: Michael Keen.

Release Date:August, 2011

The financial crisis has prompted a reconsideration of the taxation of financial institutions, with practice outstripping principle: France, Germany, the United Kingdom and several other European more...



Price: $18.00
Raising the Consumption Tax in Japan: Why, When, How?

Author/Editor: Kenneth Kang, Michael Keen, Mahmood Pradhan, Ruud A de Mooij.

Release Date:June, 2011

The note will make the case for a substantial increase in the VAT in Japan as a core measure of fiscal consolidation, assess its macroeconomic impact (on real activity and inflationary expectations), more...



Price: $20.00
Climate Policy and the Recovery

Author/Editor: Michael Keen, Benjamin Jones.

Release Date:December, 2009



Price: $10.00
Revenue Mobilization in Sub-Saharan Africa : Challenges from Globalization

Author/Editor: Mario Mansour, Michael Keen.

Release Date:July, 2009

This paper evaluates the nature and extent of, and possible responses to, two of the central challenges that globalization poses for revenue mobilization in Sub-Saharan Africa (SSA): from corporate more...



Price: $18.00
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