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Fiscal multipliers and institutions in Peru : getting the largest bang for the sol

Vtyurina, Svetlana; Leal, Zulima - 2016

With the end of the commodity super cycle, Peru's potential growth has declined, raising questions of what government … multipliers have a larger effect on growth than current spending or tax-related stimulus in the short and medium terms. Peru's low … investment management and changes to the decentralization framework …

Persistent link: https://www.econbiz.de/10011711814

Fiscal Decentralization and Public Subnational Financial Management in Peru

Ahmad, Ehtisham - 2006

There is increasing interest in fiscal decentralization in Peru as a mechanism to generate more involved decision … decentralization process with greater transparency …

Persistent link: https://www.econbiz.de/10014402281

The Determinants and Efficiency of Local Authority Spending in England

Gordon, James P. F. - 1991

This paper analyzes the efficiency and determinants of local authority expenditure in England during 1989/90. The capitalization of local spending in house prices is used as a test of efficiency, and it is found that local services are in general excessive from this standpoint. The determinants...

Persistent link: https://www.econbiz.de/10014396108

Reassessing the perimeter of government accounts in China

Mano, Rui C.; Stokoe, Phil - 2017

China's official general government accounts do not include off-budget quasi-fiscal spending unlike the IMF's augmented government accounts. This paper argues that the broader concept of augmented government remains relevant despite recent positive measures to separate off-budget units from the...

Persistent link: https://www.econbiz.de/10011763860

Fiscal vulnerabilities and risks from local government finance in China

Zhang, Yuanyan Sophia; Barnett, Steven A. - 2014

Persistent link: https://www.econbiz.de/10010389479

Fragmentation and vertical fiscal imbalances : lessons from Moldova

Cevik, Serhan - 2014

Persistent link: https://www.econbiz.de/10010479455

Great Recession and fiscal squeeze at U.S. subnational government level

Jonáš, Jiří - 2012

Persistent link: https://www.econbiz.de/10009620978

Fiscal Vulnerabilities and Risks from Local Government Finance in China

Zhang, Yuanyan Sophia - 2014

China weathered the global financial crisis better than most, thanks to a large and timely stimulus. This stimulus, however, was mainly in the form of off-budget infrastructure spending and thus not visible in the headline fiscal data. We construct a time series for the augmented fiscal deficit...

Persistent link: https://www.econbiz.de/10014394346

U.S. State and Local Government Finances Over the Current Cycle

Bayoumi, Tamim - 1992

The recent slowdown in the U.S. economy has led to state and local government tax increases and expenditure cuts that have lowered aggregate demand, in contrast to earlier downturns when the sector provided significant automatic stabilizers. Several explanations for this change are examined,...

Persistent link: https://www.econbiz.de/10014397852

Fiscal rules to tame the political budget cycle : evidence from Italian municipalities

Bonfatti, Andrea; Forni, Lorenzo - 2017

The paper provides evidence that fiscal rules can limit the political budget cycle. It focuses on the application of the Italian fiscal rule at the sub-national level over the period 2004-2006 and shows that: 1) municipalities are subject to political budget cycles in capital spending; 2) the...

Persistent link: https://www.econbiz.de/10011716447