Similar Search Results

Bordignon, Massimo - 1999

Should the constitution of a federation allow for peaceful secession? Constitutionally defined secession rules are … benefit from the perceived long-term stability of the federation and constitutionally defined secession rules increase the … secession rules. If transfers are costly, the trade off is present even if ex post renegotiation is allowed. Finally, we show …

Persistent link: https://www.econbiz.de/10013428275

Government debt spillovers and creditworthiness in a Federation

Landon, Stuart - 1999

Persistent link: https://www.econbiz.de/10013428255

Optimal fiscal substitutes for the exchange rate in a monetary union

Kaufmann, Christoph - 2016

This paper studies Ramsey-optimal monetary and fiscal policy in a New Keynesian 2-country open economy framework, which is used to assess how far fiscal policy can substitute for the role of nominal exchange rates within a monetary union. Giving up exchange rate flexibility leads to welfare...

Persistent link: https://www.econbiz.de/10011561923

Some Canadian-U.S. evidence on the insulating properties of a flexible exchange rate

Backus, David - 1983

Persistent link: https://www.econbiz.de/10000347674

Canada and the flexible exchange rate during the American civil war : some preliminary exploration

Peterson, Donald G.; Shearer, Ronald A. - 1981

Persistent link: https://www.econbiz.de/10003527868

The Canadian-U.S. exchange rate : evidence from a vector autoregression

Backus, David - 1982

Persistent link: https://www.econbiz.de/10000347681

Economie et fédéralisme

D'Alcantara, Gonzales; Tulkens, Henry - 1993

Persistent link: https://www.econbiz.de/10000853503

Citizens' trade-offs in state merger decisions : evidence from a randomized survey experiment

Blesse, Sebastian; Heinemann, Friedrich - 2019

Voters dealing with jurisdictional merger decisions face a trade-off between economies of scale and preference costs. Larger jurisdictions may offer cost advantages, yet the downside is that policies in larger units may be less aligned to voter preferences. Our study is the first to provide...

Persistent link: https://www.econbiz.de/10012129397

Vertical income tax externalities and fiscal interdependence : evidence from the US

Esteller-Moré, Álex; Solé-Ollé, Albert - 1999

Concurrent taxation is a feature of many federal systems. As a consequence of this fact, the tax policy of one level of government affects the tax base of the other. This paper carries out a theoretical analysis of the interdependent tax-setting decisions of federal and regional governments,...

Persistent link: https://www.econbiz.de/10013428252

Federation's alternative tax constitutions and risky education

Poutvaara, Panu - 1999

We analyze a two-period modell where risk-averse students divide their time between risky education, leisure, and work. The educated can migrate. Wagetax financed transfer to students acts as an insurance, and increases both investment in education and demand for leisure. We drive sufficient...

Persistent link: https://www.econbiz.de/10013428263

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