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Partial fiscal decentralization and sub-national government fiscal discipline : empirical evidence from OECD countries

Asatryan, Zareh; Feld, Lars P.; Geys, Benny - 2015

Recent theoretical research suggests that financing sub-national governments’ expenditure out of own revenue sources is linked to more responsible budgeting, because the financial implications of spending decisions then are internalized within a jurisdiction. We test this proposition...

Persistent link: https://www.econbiz.de/10010498622

The Paradox of Fiscal Imbalances in India

Mahamallik, Motilal - 2014

An attempt has been made to examine the nature and extent of fiscal imbalances in India using the secondary data over a …

Persistent link: https://www.econbiz.de/10013045419

Decentralization and overborrowing in a fiscal federation

Guo, Si; Pei, Yun; Xie, Zoe - 2018

We build an infinite horizon equilibrium model of fiscal federation, where anticipation of transfers from the central government creates incentives for local governments to overborrow. Absent commitment, the central government over-transfers, which distorts the central-local distribution of...

Persistent link: https://www.econbiz.de/10011895599

Fiscal pressure of migration & horizontal fiscal inequality : evidence from Indian experience

Chakraborti, Pinaki; Garg, Shatakshi - 2018

This paper examines the patterns and trends in inter-state migration across Indian states and observes that migration is affected by demographic profile as well as the fiscal profile of states. Econometric estimation suggests that level of vertical federal transfers and its horizontal...

Persistent link: https://www.econbiz.de/10011777700

Fiscal decentralisation and deficits : international evidence

Neyaptı, Bilin - 2003 - This version: April 2003

The literature on socio economic implications of fiscal decentralization (FD) has recently been expanding, though only very few studies to day have looked at its macroeconomic effects. This paper investigates the relationship between FD and budget deficits. Using various measures of both...

Persistent link: https://www.econbiz.de/10011528373

Fiscal Behaviour in the European Union : Rules, Fiscal Decentralization and Government Indebtedness

Afonso, António - 2009

We assess the fiscal behaviour in the European Union countries for the period 1990-2005 via the responsiveness of budget balances to several determinants. The results show that the existence of effective fiscal rules, the degree of public spending decentralization, and the electoral cycle can...

Persistent link: https://www.econbiz.de/10013160087

A fiscal capacity for the euro area : lessons from existing fiscal-federal systems

Burriel, Pablo; Chronis, Panagiotis; Freier, Maximilian; … - 2020

After the financial and economic crisis in Europe, a broad consensus has emerged that a stronger fiscal dimension may be needed to complete the architecture of Economic and Monetary Union (EMU). This paper analyses the performance of interregional transfers in existing fiscal-federal systems,...

Persistent link: https://www.econbiz.de/10012197708

Fiscal Federalism and European Integration : Implications for Fiscal and Monetary Policies

Gramlich, Edward M.; Wood, Paul R. - 2003

This paper examines European economic integration in light of standard thinking about fiscal federalism. We first describe the main features of European integration, analyzing how institutions in the European Union fit the prescriptions of a federal system. We find that in some areas the...

Persistent link: https://www.econbiz.de/10014134963

Economic policy in India : for economic stimulus, or for austerity and volatility?

Sen, Sunanda; DasGupta, Zico - 2014

The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in … the consequences of such policy measures in India, particularly during the period of the global recession. Not only did … India, this paper concludes that such monetarist policy measures have been responsible for stagnation, with a rise in price …

Persistent link: https://www.econbiz.de/10010385761

Long-Term Fiscal Sustainability in Major Economies

Auerbach, Alan J. - 2014

As the world economy slowly recovers from the very deep and widespread recession of recent years, many countries confront very serious fiscal imbalances. How much time they have to deal with these imbalances is a central question, the salience of which can only have been increased by the ongoing...

Persistent link: https://www.econbiz.de/10013067011

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