smaller public sector, we mean a reduction in public debt and/or cuts in public spending, when such changes in fiscal policy … model numerically using fiscal data from the euro area and then do a number of policy experiments. The general message is …

privatisation and other reforms on consumer prices using both subjective data on consumers’ perception of utility prices and data on …

) provides little evidence that budget constraints at the cantonal level affect municipal finances and fiscal decentralization …Formal fiscal rules have been introduced in many countries throughout the world. While most studies focus on intra …]jurisdictional effects of fiscal rules, vertical impacts on the finances of other levels of governments have yet to be explored thoroughly …

conservation contract, (iii) when the donor prefers contracting with central rather than local governments, and (iv) how the donor …

decentralization on the occurrence of transnational terror. Our results show that expenditure decentralization reduces the number of … transnational terror events in a country, while political decentralization has no impact. These results are robust to the choice of …

component analysis, seven aspects of both federalism and decentralization are used as variables for explaining differences in (1 …) fiscal policy, (2) government effectiveness, (3) economic productivity, and (4) happiness. The results show that … study adds to our knowledge on the transmission mechanisms of federalism and decentralization. …

This paper analyzes the impact of political and fiscal decentralization on regional inequalities using a unique data … decentralization implying that both - autonomy in decision making and fiscal authority - are decisive in this context. Thus, when … that decentralization decreases regional inequalities in general. However, estimations using an interaction variable …

The theory of fiscal federalism points out that decentralisation should be pursued in order to fit differences in …

This paper studies the impact of decentralization on the shadow economy. We argue that decentralization may decrease … the size of the shadow economy mainly through two transmission channels: (1) Decentralization enhancing public sector … efficiency (efficiency effect), and (2) decentralization reducing the distance between bureaucrats and economic agents, which …

check for fiscal sustainability in the sense of adhering to an intertemporal budget constraint. Only for the clear …This study assesses fiscal sustainability in contemporary Spain at the regional level. Spain consists of 17 autonomous … regions, two fiscal regimes differing in taxing autonomy, and two path-dependent types of communities with more and less …