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Endogenous Decentralization in Federal Environmental Policies

Traub, Leah Goldman - 2010

simple model of the interaction between the federal and state governments in such a scheme of partial decentralization. Our …

Persistent link: https://www.econbiz.de/10012759960

Decentralization in Developing Economies

Gadenne, Lucie - 2013

Standard models of fiscal federalism suggest many benefits of decentralization in developing economies, and there has … been a recent push toward decentralization around the world. However, developing countries presently still have less … decentralization, particularly on the revenue side, than both developed countries today and the United States and Europe historically …

Persistent link: https://www.econbiz.de/10013076576

Expenditure Competition

Gordon, Roger H.; Wilson, John D. - 2021

response. In this paper, we explore the effect that competition for residents induced by fiscal decentralization has on 'waste … an additional advantage of fiscal decentralization …

Persistent link: https://www.econbiz.de/10013227493

Fiscal Challenges in Multilayered Unions : An Overview and Case Study

Aizenman, Joshua - 2014

This paper reviews recent research dealing with fiscal discipline and revisit the issues of fiscal control in federal systems, focusing on selective case studies covering the 2000s, before and after the Global Financial Crisis (GFC). We start by contrasting the recent fiscal history of...

Persistent link: https://www.econbiz.de/10013045653

Fiscal Unions

Werning, Iván - 2012

We study cross-country risk sharing as a second-best problem for members of a currency union using an open economy model with nominal rigidities and provide two key results. First, we show that if financial markets are incomplete, the value of gaining access to any given level of aggregate risk...

Persistent link: https://www.econbiz.de/10013102600

Anchoring Fiscal Expectations

Leeper, Eric M. - 2010

In this lecture, I argue that there are remarkable parallels between how monetary and fiscal policies operate on the macro economy and that these parallels are sufficient to lead us to think about transforming fiscal policy and fiscal institutions as many countries have transformed monetary...

Persistent link: https://www.econbiz.de/10013151140

Evaluating the Efficiency and Equity of Federal Fiscal Equalization

Albouy, David - 2010

In theory, federal transfers that make household location decisions efficient should ignore local cost differences, subsidize positive externalities, and offset differences in federal-tax payments and local taxes levied on non-residents, but not local tax revenues from residents. Transfers that...

Persistent link: https://www.econbiz.de/10013141358

Endowments, Fiscal Federalism, and the Cost of Capital for States : Evidence from Brazil, 1891-1930

Martinez, Andre - 2010

In the last few years there has been an explosion in the number of papers that aim to explain what determines country risk (defined as the difference between the yield of a sovereign's bonds and the risk free rate). In this paper, we contribute to the discussion using by showing that Brazilian...

Persistent link: https://www.econbiz.de/10013150649

Colonial Institutions, Commodity Booms, and the Diffusion of Elementary Education in Brazil, 1889-1930

Musacchio, Aldo - 2014

We explain how the decentralization of fiscal responsibility among Brazilian states between 1889 and 1930 promoted a …

Persistent link: https://www.econbiz.de/10013055513

Fiscal Federalism and Legislative Malapportionment : Causal Evidence from Independent But Related Natural Experiments

Galiani, Sebastian - 2014

We exploit three natural experiments in Argentina in order to study the role of legislative malapportionment on the biased federal tax sharing scheme prevalent in the country. We do not find support to attribute it to legislative malapportionment during periods when democratic governments were...

Persistent link: https://www.econbiz.de/10013056579

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