The size of regional fiscal multipliers determines the efficacy of fiscal stimulus, the costs of fiscal austerity and whether countercyclical fiscal policy is more effective at the federal or local level. This paper studies fiscal multipliers in regions of a monetary union - US states, Eurozone...

This paper develops a model of Tiebout sorting with decentrally determined progressive income taxation and a built-in fiscal equalization scheme that redistributes money from richer to poorer regions. Both aspects are central to policy makers: the progressivity for equity reasons and the fiscal...

This study aims to investigate intracity fiscal transfers from the city planning areas (CPAs) to outside the city planning areas (non-CPAs) that are not recorded on the municipal account settlement cards and to estimate the existence and amount of these transfers. The current location...