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Interregional Redistribution and Mobility in Federations: A Positive Approach

Hansen, Nico; Kessler, Anke - C.E.P.R. Discussion Papers - 2004

The Paper studies the effects and the determinants of interregional redistribution in a model of residential and … redistribution always leads to the divergence of regional policies and per capita incomes. Thus, interregional redistribution …

Persistent link: https://www.econbiz.de/10005791306

Russian Fiscal Federalism: Impact of Political and Fiscal (De)centralization

Alexeev, Michael; Weber, Shlomo - C.E.P.R. Discussion Papers - 2013

The extent of political and fiscal centralization in Russia has experienced dramatic changes since the end of the Soviet era. The heavily centralized, both politically and economically, federal structures became dysfunctional and unstable until the introduction of the Budget and Tax Codes over...

Persistent link: https://www.econbiz.de/10011084505

Horizontal and Vertical Indirect Tax Competition: Theory and Some Evidence From the USA

Devereux, Michael P.; Lockwood, Ben; Redoano, Michela - C.E.P.R. Discussion Papers - 2004

This Paper provides a simple theoretical framework for analysing simultaneous vertical and horizontal competition in excise taxes, and estimates equations informed by the theory on a panel of US state and federal excise taxes on cigarettes and gasoline. We also examine the role played by...

Persistent link: https://www.econbiz.de/10005661650

Demand and Distance: Evidence on Cross-Border Shopping

Asplund, Björn Marcus; Friberg, Richard; Wilander, Fredrik - C.E.P.R. Discussion Papers - 2005

While many studies have documented deviations from the Law of One Price in international settings, evidence is scarce on the extent to which consumers take advantage of price differentials and engage in cross border shopping. We use data from 287 Swedish municipalities to estimate how responsive...

Persistent link: https://www.econbiz.de/10005792314

Optimal Tax Progressivity: An Analytical Framework

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2014

What shapes the optimal degree of progressivity of the tax and transfer system? On the one hand, a progressive tax … earnings risk. At the same time, progressivity reduces incentives to work and to invest in skills, and aggravates the …, and market structure parameters influence the optimal degree of progressivity. A calibration for the U.S. economy …

Persistent link: https://www.econbiz.de/10011084652

Fiscal Federalism in Times of Crisis

Foremny, Dirk; von Hagen, Jürgen - C.E.P.R. Discussion Papers - 2012

We study the subnational fiscal adjustment to the Great Recession in a sample of European countries. We find that there are important differences between unitary and federal countries. Subnational governments in federal states reacted to the Great Recession by running larger budget deficits...

Persistent link: https://www.econbiz.de/10011083379

Taxes in Cities

Brülhart, Marius; Bucovetsky, Sam; Schmidheiny, Kurt - C.E.P.R. Discussion Papers - 2014

Most cities enjoy some autonomy over how they tax their residents, and that autonomy is typically exercised by multiple municipal governments within a given city. In this chapter, we document patterns of city-level taxation across countries, and we review the literature on a number of salient...

Persistent link: https://www.econbiz.de/10011083800

Interstate Risk Sharing in Germany:1970-2006

Hepp, Ralf; von Hagen, Jürgen - C.E.P.R. Discussion Papers - 2011

We study the channels of interstate risk sharing in Germany for the time period 1970 to 2006, estimating the degrees of smoothing of a shock to a state’s gross domestic product by factor markets, the government sector, and credit markets, respectively. Within the government sector, we pay...

Persistent link: https://www.econbiz.de/10009321837

Fiscal Federalism in Germany: Stabilization and Redistribution Before and After Unification

Hepp, Ralf; von Hagen, Jürgen - C.E.P.R. Discussion Papers - 2009

We provide empirical estimates of the risk-sharing and redistributive properties of the German federal fiscal system based on data from 1970 until 2006, with special attention to the effects of German unification. We find that tax revenue sharing between the states and the federal government and...

Persistent link: https://www.econbiz.de/10005791674

Economic and Monetary Union in Europe

Bean, Charles R - C.E.P.R. Discussion Papers - 1992

This paper assesses the costs and benefits of monetary union in Europe. It is argued that neither the costs nor the benefits are in principle likely to be as great as critics and proponents respectively have suggested. Fiscal issues are, it is argued, likely to be far more significant. Fiscal...

Persistent link: https://www.econbiz.de/10005791705

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