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Moral hazard and bail-out in fiscal federations : evidence for the German Länder

Heppke-Falk, Kirsten H.; Wolff, Guntram B. - In: Kyklos : international review for social sciences 61 (2008) 3, pp. 425-446

Persistent link: https://www.econbiz.de/10003738896

Intergovernmental grants and public input provision : theory and evidence from Germany

Hauptmeier, Sebastian (contributor) - 2007

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

Moral hazard and bail-out in fiscal federations : evidence for the German Länder 7 Kirsten H. Heppke-Falk; Guntram B. Wolff

Heppke-Falk, Kirsten H. (contributor); … - 2007

We identify investor moral hazard in the German fiscal federation. Our identification strategy is based on a variable, which was used by the German Federal Constitutional Court as an indicator to determine eligibility of two German states (Länder) to a bail-out, the interest payments-to-revenue...

Persistent link: https://www.econbiz.de/10003453453

Do fiscal transfers alleviate business tax competition? : evidence from Germany

Egger, Peter (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003496758

Regional stabilization by fiscal equalization? : theoretical considerations and empirical evidence from Germany

Büttner, Thiess - 1999

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 … been removed by fiscal flows during the last two decades. Thus, in Germany where the fiscal federalism is criticised for …

Persistent link: https://www.econbiz.de/10011442662