John Crombez
@johncrombezOstende, zorg en statistiek, UZGent, Ugent, UHasselt. SevZero plays Joy Division
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New IMF Fiscal Monitor provides estimates showing that fiscal consolidation measures always reduce output and consumption - cuts in public investment are particularly detrimental. "If taxes are progressive, raising them leads to smaller output losses."
Life expectancy in the US has declined, in stark contrast to other advanced economies, although 🇺🇸health expenditures per capita are much higher than in countries where life expectancy has risen.
Kleine soundtrack bij beleidsvoorbereidend werk. Geniet er van. Goran Bregovic - Gas Gas youtu.be/3jVc8coAUhc?si… via @YouTube
According to Stiglitz, neoliberal capitalism has made it possible for the wealthy to buy political power. In turn, this has undermined democratic institutions, contributing to new types of fascism. "The challenges to democracy have never been greater in my lifetime."
36% of multinational profits are shifted to tax havens every year. This reduces corporate tax revenue by >$200 billion (10% of global corporate tax receipts). Reallocation would increase domestic profits by 20% in high-tax EU countries, 10% in US, and 5% in developing countries.
The international rules-based system built after WWII is in crisis. There’s growing consensus that the rules need to be revised. My new paper with @Martin_M_Guzman provides alternative frameworks for trade rules for global prosperity. 🧵(1/11) x.com/OxrepJournal/s…
In their discussion of international trade rules for global prosperity, @Martin_M_Guzman and @JosephEStiglitz analyse frameworks for the design of the rules for international trading, assuming that it is possible to have some rule of law. doi.org/10.1093/oxrep/…
My new working paper with @rooseveltinst on how neoliberalism failed rooseveltinstitute.org/publications/h…
Industrial production in Germany is down by ~15% compared to end-2017. via @DanielKral1
Ownership of nursing homes by private equity funds "increases mortality by 11%. Declines in measures of patient well-being, nurse staffing, and compliance with care standards help to explain the mortality effect." Evidence from the US
Our landmark book revealed the cost of inequality. Fifteen years later, things have only got worse theguardian.com/commentisfree/…
En toch kan het. Uitgaven aan pensioenen niet significant hoger of lager dan bv in Duitsland, ook niet in gezondheidszorg of sociale zekerheid in het algemeen. De hogere uitgaven zitten vooral in de regionale bevoegdheden.
'Ik wil lagere belastingen maar er mag niets veranderd worden aan de pensioenen' is een interessante stelling. Klinkt als 'ik wil niet dieeten, snoepen, frisdrank en fastfood eten wat ik wil en toch vermageren'.
A modern project on the banks Daugava River. A place to reside, work and relax.
"austerity increases support for populist parties in economically vulnerable regions, but has little effect in less vulnerable regions... the success of populist parties hinges on the government's failure to protect the losers of structural economic change." Evidence from Europe
The depth of the economic downturn in €zone countries during the Euro Crisis (2011-2013) was closely related to fiscal consolidation. Fiscal multipliers were, on average, higher than 1. Public debt ratios continued to increase in crisis countries due to the negative GDP effects.
Fiscal austerity harms student achievement (in math and reading), effects are more pronounced for children with limited resources at home. Evidence from Italy
We need a minimum tax on the ultra wealthy, as @gabriel_zucman says.
Thrilled to release this report commissioned by the Brazilian G20 Presidency today Just like we have a minimum tax on multinationals, we need a minimum tax on the world's super-rich—and it has become technically feasible 🧵with the main findings and proposals
Austerity and social unrest: historical evidence suggests that societies become unstable after government budget cuts, especially after expenditure cuts. Evidence for European countries. (The paper title is bad, but the paper itself interesting.)
Jarno Widar from Belgium (Baby Giro)
Ireland and Netherlands are major EU tax havens. This paper shows that they are among the most important tax havens for US multinational corporations, allowing them to shift profits. Interesting paper
Volgens @MelissaDepr (@vooruit_nu) zijn er nu minder plaatsen in de kinderopvang dan 5 jaar geleden. Dat klopt. #factcheckmarathon #factcheck24 #hetgrotedebat decheckers.be/s/factcheck-ja…
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