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Logan, Trevon D. - 2018

politician race on public finance. I overcome the endogeneity between electoral preferences and black representation using the … race has large effects on public finance and individual outcomes over and above electoral preferences for redistribution …

Persistent link: https://www.econbiz.de/10012453523

Fiscal Rules and Discretion under Self-Enforcement

Halac, Marina - 2017

We study a fiscal policy model in which the government is present-biased towards public spending. Society chooses a fiscal rule to trade off the benefit of committing the government to not overspend against the benefit of granting it flexibility to react to privately observed shocks to the value...

Persistent link: https://www.econbiz.de/10012453795

Public Finance in a Nutshell : A Cobb Douglas Teaching Tool for General Equilibrium Tax Incidence and Excess Burden

Fullerton, Don - 2017

To help first- or second-year graduate students in economics apply their theoretical training, this paper shows how to solve a simple and intuitive computable general equilibrium (CGE) model using a calculator. Because this simplified Harberger model uses Cobb Douglas functional forms for...

Persistent link: https://www.econbiz.de/10012455616

Shale Public Finance : Local Government Revenues and Costs Associated with Oil and Gas Development

Newell, Richard G. - 2015

Oil and gas development associated with shale resources has increased substantially in the United States, with important implications for local governments. These governments tend to experience increased revenue from a variety of sources, such as severance taxes distributed by the state...

Persistent link: https://www.econbiz.de/10012457127

Why do emerging markets liberalize capital outflow controls? Fiscal versus net capital flow concerns

Aizenman, Joshua - 2013

In this paper, we provide empirical evidence on the factors that motivated emerging economies to change their capital outflow controls in the recent decades. Liberalization of capital outflow controls can allow emerging market economies (EMEs) to reduce net capital inflow (NKI) pressures, but...

Persistent link: https://www.econbiz.de/10012459782

On Fiscal Illusion and Ricardian Equivalence in Local Public Finance

Banzhaf, H. Spencer - 2012

We re-evaluate two forms of fiscal illusion in local public finance: debt illusion and renter illusion. The Ricardian … Equivalence Theorem for local governments suggests the form of finance of a public program (tax or debt finance) has no effects on … hundreds of open space referenda in the U.S. using a variety of finance mechanisms, we find evidence that households do prefer …

Persistent link: https://www.econbiz.de/10012460619

How is Tax Policy Conducted over the Business Cycle?

Vegh, Carlos A. - 2012

It is well known by now that government spending has typically been procyclical in developing economies but acyclical or countercyclical in industrial countries. Little, if any, is known, however, about the cyclical behavior of tax rates (as opposed to tax revenues, which are endogenous to the...

Persistent link: https://www.econbiz.de/10012460906

International Financial Crises and the Multilateral Response : What the Historical Record Shows

Barkbu, Bergljot - 2011

We review the modern history of financial crises, providing a context for analyses of the world's recent bout of financial instability. Along with indicators of economic performance in the subject countries, we present a comprehensive description of multilateral rescue efforts spanning the last...

Persistent link: https://www.econbiz.de/10012461297

Fiscal Zoning and Sales Taxes : Do Higher Sales Taxes Lead to More Retailing and Less Manufacturing?

Burnes, Daria - 2011

We test the hypothesis that local government officials in jurisdictions that have higher local sales taxes are more likely to use fiscal zoning to attract retailing. We find that total retail employment is not significantly affected by local sales tax rates, but employment in big box and anchor...

Persistent link: https://www.econbiz.de/10012461725

Government, Openness and Finance : Past and Present

Demetriades, Panicos O. - 2010

We explore the role of government in the nexus of finance and trade starting from the earliest days of organised … finance in England and then broadening the analysis to 84 countries from 1960 to 2004. For 18th century England, we find that …

Persistent link: https://www.econbiz.de/10012462195