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Decentralization as a mechanism to prevent secession
Panizza, Ugo - In: Economic notes : economic review of Banca Monte dei … 27 (1998) 2, pp. 263-279
Persistent link: https://www.econbiz.de/10001369121
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The motives to borrow
Fatás, Antonio; Ghosh, Atish R.; Panizza, Ugo; … - 2019
Persistent link: https://www.econbiz.de/10012165316
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On the determinants of fiscal centralization : theory and evidence
Panizza, Ugo - In: Journal of public economics 74 (1999) 1, pp. 97-139
Persistent link: https://www.econbiz.de/10001410940
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On the Determinants of Fiscal Centralization : Theory and Evidence
Panizza, Ugo - 1999
centralization. The recent years have witnessed strong movements for both decentralization and secession. At the same time, a divided … economic and monetary union of some European countries. It is therefore natural that decentralization has been at the center of … particularly interesting because it explains the wave of decentralization that has followed the end of the Cold War. The model also …
Persistent link: https://www.econbiz.de/10014183362
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On the Determinants of Fiscal Centralization : Theory and Evidence
Panizza, Ugo - 1999
This paper presents a simple positive model that unifies most of the results of the normative literature on fiscal federalism. The model describes an economy characterized by two levels of government, one public good, and a private good. The predictions of the model are tested by using a new set...
Persistent link: https://www.econbiz.de/10014056842
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The Motives to Borrow
Fatás, Antonio - 2019
Governments issue debt for good and bad reasons. While the good reasons-intertemporal tax-smoothing, fiscal stimulus, and asset management-can explain some of the increases in public debt in recent years, they cannot account for all of the observed changes. Bad reasons for borrowing are driven...
Persistent link: https://www.econbiz.de/10012868479
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The motives to borrow
Fatás, Antonio; Ghosh, Atish R.; Panizza, Ugo; … - 2019
Governments issue debt for good and bad reasons. While the good reasons-intertemporal tax-smoothing, fiscal stimulus, and asset management-can explain some of the increases in public debt in recent years, they cannot account for all of the observed changes. Bad reasons for borrowing are driven...
Persistent link: https://www.econbiz.de/10012021889
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The motive to borrow
Fatás, Antonio; Ghosh, Atish R.; Panizza, Ugo; … - In: Sovereign debt : a guide for economists and practitioners, (pp. 102-150). 2020
Persistent link: https://www.econbiz.de/10012144597
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Public investment quality and its implications for sovereign risk and debt sustainability
Adarov, Amat; Panizza, Ugo - 2024
Persistent link: https://www.econbiz.de/10014581690
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Public investment quality and its implications for sovereign risk and debt sustainability
Adarov, Amat; Panizza, Ugo - 2024
This paper introduces a novel index to measure public investment quality, utilizing the World Bank's investment project performance data from 120 countries over the period 2000-2021. After detailing the construction of the index, the paper examines how public investment quality influences the...
Persistent link: https://www.econbiz.de/10014634132