Showing 1 - 10 of 1,112
This paper uses a simple model of fiscal competition between local jurisdictions to analyse the impact of intergovernmental grants on the composition of public spending. We find that a higher degree of redistribution within a system of ʺfiscal equalisationʺ coincides with a smaller overall...
Persistent link: https://www.econbiz.de/10003412064
Concurrent taxation is a feature of many federal systems. As a consequence of this fact, the tax policy of one level of government affects the tax base of the other. This paper carries out a theoretical analysis of the interdependent tax-setting decisions of federal and regional governments,...
Persistent link: https://www.econbiz.de/10011442846
Tax competition arguments suggest that governements that operate in an open economy (such as local governments) should not and will not rely on non-benefit taxes, such as the income tax. Yet we observe reliance on income taxes by local governments in many countries, and such reliance changes...
Persistent link: https://www.econbiz.de/10011443043
Fiscal federalism in Germany is characterized by lacking sub-national tax autonomy and intensive fiscal equalization …
Persistent link: https://www.econbiz.de/10010203498
in Germany. The results suggest that attempts of state level governments to extract fiscal resources from the local …
Persistent link: https://www.econbiz.de/10003301132
markets through particularly strict budgetary rules. -- Fiscal rules ; debt brake ; Germany ; fiscal federalism …In 2009, Germany introduced a new debt rule in its federal constitution (Grundgesetz). The socalled ‘debt brake … federation. Due to bailout-guarantees enshrined in German federalism, German states do not have incentives to impress bond …
Persistent link: https://www.econbiz.de/10009658029
Fiscal rules have become popular to limit deficits and high debt burdens in industrialized countries. A growing literature examines their impact based on aggregate fiscal performance. So far, no evidence exists on how fiscal rules influence deficit expectations of fiscal policy makers. In the...
Persistent link: https://www.econbiz.de/10010357588
The German experience of the crisis was very different compared to those of most other countries in Europe. Germany was … situation and how the crisis unfolded in Germany, before focusing on the situation of public finances. Finally, we analyse the …
Persistent link: https://www.econbiz.de/10011286043
Public sector centralization, public inputs, economic growth, fiscal federalism …
Persistent link: https://www.econbiz.de/10001651404
been removed by fiscal flows during the last two decades. Thus, in Germany where the fiscal federalism is criticised for … actually favors stabilization. In an empirical analysis for Germany, the paper adds support for the finding of significant … regional stabilization by fiscal flows. The results indicate that about 17 % of GDP variation across West Germany's states has …
Persistent link: https://www.econbiz.de/10011442662