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Fiscal Behaviour in the European Union : Rules, Fiscal Decentralization and Government Indebtedness
Afonso, António - 2009
We assess the fiscal behaviour in the European Union countries for the period 1990-2005 via the responsiveness of budget balances to several determinants. The results show that the existence of effective fiscal rules, the degree of public spending decentralization, and the electoral cycle can...
Persistent link: https://www.econbiz.de/10013160087
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Government spending volatility and the size of nations
Furceri, Davide; Poplawski Ribeiro, Marcos - 2008
This paper provides empirical evidence showing that smaller countries tend to have more volatile government spending for a sample of 160 countries from 1960 to 2000. We argue that the larger size of a country decreases the volatility of government spending because it acts as an insurance against...
Persistent link: https://www.econbiz.de/10011604970
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Government Spending Volatility and the Size of Nations
Furceri, Davide - 2008
This paper provides empirical evidence showing that smaller countries tend to have more volatile government spending for a sample of 160 countries from 1960 to 2000. We argue that the larger size of a country decreases the volatility of government spending because it acts as an insurance against...
Persistent link: https://www.econbiz.de/10012770792
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Fiscal Equalization and the Tax Structure
Holm-Hadulla, Federic - 2021
this pattern and tests them in a natural experiment from Germany. The first hypothesis is that fiscal redistribution … the perspective of local governments; the second is that a desire for redistribution within jurisdictions induces a shift … taxation serves as a Pigouvian intervention to correct externalities. The empirical analysis supports redistribution between …
Persistent link: https://www.econbiz.de/10013315380
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The Role of Fiscal Transfers for Regional Economic Convergence in Europe
Checherita-Westphal, Cristina D. - 2009
, while achieving regional redistribution, seem to impede output growth and promote an quot;immiserising convergencequot …
Persistent link: https://www.econbiz.de/10012764767
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Labour tax progressivity and output volatility: evidence from OECD countries
Attinasi, Maria-Grazia; Checherita-Westphal, Cristina; … - 2011
This paper investigates empirically the effect of personal income tax progressivity on output volatility in a sample of OECD countries over the period 1982-2009. Our measure of tax progressivity is based on the difference between the marginal and the average income tax rate for the average...
Persistent link: https://www.econbiz.de/10011605426
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Personal Income Tax Progressivity and Output Volatility : Evidence from OECD Countries
Attinasi, Maria Grazia; Checherita-Westphal, Cristina D.; … - 2021
This paper investigates empirically the effect of personal income tax progressivity on output volatility in a sample of OECD countries over the period 1982-2009. Our measure of tax progressivity is based on the difference between the marginal and the average income tax rate for the average...
Persistent link: https://www.econbiz.de/10013315980
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Fiscal federalism and public inputs provision: vertical externalities matter
Martínez-López, Diego - 2005
This paper studies the provision of public inputs in a federal system. A vertical tax externality is also considered in a simple general equilibrium model used to analyze the efficiency of equilibria under different scenarios. The results show that the state provision of public inputs may affect...
Persistent link: https://www.econbiz.de/10011604530
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The optimal inflation tax when taxes are costly to collect
De Fiore, Fiorella - 2000
Tax collection costs have been advocated in the literature as a reason to deviate from the Friedman rule, in standard general equilibrium monetary models with flexible prices. This paper shows that there are conditions under which the Friedman rule is optimal despite the presence of collection...
Persistent link: https://www.econbiz.de/10011604084
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The optimal mix of taxes on money, consumption and income
De Fiore, Fiorella; Teles, Pedro - 2002
In this paper we determine the optimal combination of taxes on money, consumption and income in transaction technology models. We show that the optimal policy does not tax money, regardless of whether the government can use the income tax, the consumption tax, or the two taxes jointly. These...
Persistent link: https://www.econbiz.de/10011604181