Furceri, Davide; Sacchi, Agnese; Salotti, Simone - Volkswirtschaftliche Fakultät, … - 2014
We analyse how fiscal decentralization affects the volatility of government consumption extending the existing … countries from 1971 to 2010, we find that a higher degree of fiscal decentralization leads to lower government consumption … volatility. Thus, given a minimum level of development, fiscal decentralization reforms can reduce spending volatility by …