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Political Economy of Fiscal Unions
Fidrmuc, Jan - CESifo - 2013
I formulate a political-economy model of a fiscal union where the threat of secession imposes a limit on fiscal redistribution between regions. I argue that the trade-off between implementing the region’s preferred fiscal policy and benefiting from inter-regional risk sharing depends on the...
Persistent link: https://www.econbiz.de/10010681224
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Economic and Politico-Economic Equivalence of Fiscal Policies
Gonzalez-Eiras, Martín; Niepelt, Dirk - CESifo - 2012
We extend “economic equivalence” results, like the Ricardian equivalence proposition, to the political sphere where … environments with distorting taxes, economic equivalence relations between policies with different levels of debt do not extend to …
Persistent link: https://www.econbiz.de/10009645636
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On the Equivalence between Labor and Consumption Taxation
Panteghini, Paolo - CESifo - 2009
This article studies the equivalence between labor and consumption taxes in a stochastic context, where the government …
Persistent link: https://www.econbiz.de/10005051510