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

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

Why was specie scarce in colonial economies? : An analysis of the Canadian currency, 1796-1820

Redish, Angela - 1983

Persistent link: https://www.econbiz.de/10003528445

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

Backus, David - 1983

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

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

Backus, David - 1982

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

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

Esteller-Moré, Alejandro; 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

Tax competition and tax structure in open federal economies : evidence from OECD countries with implications for the European Union

Goodspeed, Timothy J. - 1999

Tax competition arguments suggest that governements that operate in an open economy (such as local governments) should not and will not rely on non-benefit taxes, such as the income tax. Yet we observe reliance on income taxes by local governments in many countries, and such reliance changes...

Persistent link: https://www.econbiz.de/10013428264