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On the Determinants of Fiscal Non-Compliance : An Empirical Analysis of Spain's Regions

Delgado-Téllez, Mar - 2016

deficit targets on the basis of economic, institutional and political factors. The framework is applied to Spain's Autonomous … Communities (regions) over the period 2002-2015. Fiscal non-compliance among Spain's regions has proven persistent. It increases … containing fiscal noncompliance. Reducing fiscal non-compliance in multi-level governance systems such as Spain's requires a …

Persistent link: https://www.econbiz.de/10012976917

Developments in Retail Trade Regulation in Spain and Their Macroeconomic Implications

Matea, María de los Llanos; Mora-Sanguinetti, Juan S. - 2010

productivity. In the case of Spain, the retail trade sector is subject to a rich set of regional regulations. This paper provides a … database and a set of indicators on the main restrictions to retail trade in place in Spain's Autonomous Regions (Comunidades …

Persistent link: https://www.econbiz.de/10014207779

Monitoring Sub-Central Government Spending in Spain

Fernández-Caballero, Laura - 2011

The evolution of Regional and Local governments' spending in Spain is currently under close scrutiny by national and …

Persistent link: https://www.econbiz.de/10013119437

The Effects of Fiscal Shocks on the Exchange Rate in Spain

Castro, Francisco de - 2011

We analyze the impact of fiscal shocks on the Spanish effective exchange rate over the period 1981-2008 using a standard structural VAR framework. We show that government spending brings about positive output responses, jointly with real appreciation. Such real appreciation is explained by...

Persistent link: https://www.econbiz.de/10013120763

Jobs Multipliers : Evidence from a Large Fiscal Stimulus in Spain

Alloza, Mario - 2019

We estimate the employment effect of a large fiscal stimulus in Spain (PlanE), in which the national government …

Persistent link: https://www.econbiz.de/10012867678

Measuring Business Cycles Intra-Synchronization in US : A Regime-Switching Interdependence Framework

Leiva‐Leon, Danilo - 2017

This paper proposes a Markov-switching framework to endogenously identify periods where economies are more likely to:(i) synchronously enter recessionary and expansionary phases, and (ii) follow independent business cycles. The reliability of the framework is validated with simulated data in...

Persistent link: https://www.econbiz.de/10012950957

Fiscal Delegation in a Monetary Union with Decentralized Public Spending

Basso, Henrique S. - 2013

This paper studies the effects of delegating control of sovereign debt issuance to an independent authority in a monetary union where public spending decisions are decentralized. The model assumes that no policy makers are capable of commitment to a rule. However, consistent with Rogoff (1985)...

Persistent link: https://www.econbiz.de/10013076606

The Changing Structure of Government Consumption Spending

Moro, Alessio - 2018

We document a secular increase in the share of purchases from the private sector in government consumption spending: over time the government purchases relatively more private-sector goods, and relies less on its own production of value added. We build a general equilibrium model in which...

Persistent link: https://www.econbiz.de/10012906688

The Dynamic Effect of Public Expenditure Shocks in the United States

Párraga Rodríguez, Susana - 2016

This paper estimates the dynamic aggregate effect of exogenous shocks to two key components of public expenditure in the United States: government income transfers and government spending. The identification strategy positions the structural shocks to public expenditures in an SVAR framework...

Persistent link: https://www.econbiz.de/10012977701

Outsourcing and Public Expenditure : An Aggregate Perspective with Regional Data

Delgado-Téllez, Mar - 2019

outsourcing and public spending empirically. Spain offers an interesting case study from a broad perspective, as the degree of …

Persistent link: https://www.econbiz.de/10012859382

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