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The Democratic-Republican presidential growth gap and the partisan balance of the state government
Cahan, Dodge; Potrafke, Niklas - 2017
Higher economic growth was generated during Democratic presidencies compared to Republican presidencies in the United States. The question is why. Blinder and Watson (2016) explain that the Democratic-Republican presidential growth gap (D-R growth gap) can hardly be attributed to the policies...
Persistent link: https://www.econbiz.de/10011663552
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Federal monetary policy
Hefeker, Carsten - 2001
What is the optimal institutional structure for an independent central bank? The paper shows when it will be optimal for a country to have a central bank to be organized according to federal, purely national or a combination of both aspects. The analysis is then extended to a supranational...
Persistent link: https://www.econbiz.de/10011398004
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Centralized fiscal spending by supranational unions
Simon, Jenny; Valasek, Justin - 2013 - This version: June 28, 2013
We study fiscal spending by supranational unions, where participation is voluntary and countries bargain over contributions to and the allocation of a central budget. We explore the link between the allocation and nations ́contributions that occurs since bargaining power is endogenous, and...
Persistent link: https://www.econbiz.de/10009765517
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Government decentralization as a commitment
Grâdšṭayn, Marq - 2014
. Building on insights provided by the “second generation” wave of research on fiscal federalism, this paper proposes a unified …
Persistent link: https://www.econbiz.de/10010356365
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Government decentralization and international government performance
Goel, Rajeev K.; Mazhar, Ummad; Nelson, Michael A.; … - 2016
decentralization, federalism, and aggregate decentralization. Our results show that fiscal and administrative decentralization are …
Persistent link: https://www.econbiz.de/10011515296
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Moral federalism : presented at CESifo Area Conference on Public Sector Economics, May 2004
Janeba, Eckhard - 2004
paper compares three regimes (centralization, decentralization and federalism) in an economy where individuals choose their … move from decentralization to federalism, called moral federalism, is welfare improving behind the veil of ignorance if and … only if centralization dominates decentralization, and (ii) for the group that favors a restrictive policy moral federalism …
Persistent link: https://www.econbiz.de/10011450084
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Environmental tax reform in a federation with rent-induced migration
Garon, Jean-Denis; Séguin, Charles - 2015
We study the welfare effects of a revenue-neutral green tax reform in a federation. The reform consists of increasing a tax on a polluting input and reducing that on labor income. Households are fully mobile within the federation. Regions are unequally endowed with a nonrenewable natural...
Persistent link: https://www.econbiz.de/10010496890
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Power shifts, emigration, and population sorting
Aklin, Michaël; Eichenauer, Vera - 2022
We investigate the consequences of a peaceful shift of power from one social group to another. Theoretically, we show that an individual's decision to stay put or migrate depends on the difference between the political preferences of groups and the change in tax. Empirically, we use the case of...
Persistent link: https://www.econbiz.de/10013205087
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Electoral externalities in federations : evidence from German opinion polls
Frei, Xenia; Langer, Sebastian; Lehmann, Robert; … - 2017 - This version: February 20, 2017
Party performance in state and federal elections is highly interdependent. Federal elections impact regional voting dynamics and vice versa (electoral externalities). We quantify the extent of simultaneous electoral externalities between two layers of government. We apply vector autoregressions...
Persistent link: https://www.econbiz.de/10011615805
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Fiscal federalism and income inequality : an empirical analysis for Switzerland
Feld, Lars P.; Frey, Christian; Schaltegger, Christoph A.; … - 2018
This paper analyzes the impact of fiscal federalism on income inequality and redistribution. Theoretically …
Persistent link: https://www.econbiz.de/10011942832