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The Federal Approach to Fiscal Decentralisation : Conceptual Contours for Policy Makers
Sharma, Chanchal Kumar - 2006
present time has to be federally flexible and dynamically decentralised and institutions of fiscal federalism are crucial for … federalism if it is to be successful, irrespective of the fact of whether it is being carried out in a federal or non …
Persistent link: https://www.econbiz.de/10014054503
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Regional Decentralization and Fiscal Incentives : Federalism, Chinese Style
Jin, Hehui; Qian, Yingyi; Weingast, Barry R. - 2007
even when we control for the conventional measure of fiscal decentralization. Finally, we compare federalism, Chinese style …, to federalism, Russian style …
Persistent link: https://www.econbiz.de/10014059970
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Vertical effects of fiscal rules : the Swiss experience
Burret, Heiko T.; Feld, Lars P. - 2014
) provides little evidence that budget constraints at the cantonal level affect municipal finances and fiscal decentralization …
Persistent link: https://www.econbiz.de/10010424734
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Fiscal autonomy and self-setermination
Loumeau, Gabriel; Stettler, Christian - 2021
This paper studies the equilibrium effects of local fiscal autonomy accounting for benefits from self-determination. It proposes a quantifiable structural equilibrium framework in which imperfectly mobile heterogeneous households sort themselves across jurisdictions under endogenous public good...
Persistent link: https://www.econbiz.de/10012694121
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Beyond the centre : tracing decentralization’s influence on time-varying fiscal sustainability
Afonso, António; Alves, José; Jalles, João Tovar; … - 2024
This paper explores the nuanced relationship between fiscal decentralization and fiscal sustainability. Employing panel … data analyses, it scrutinizes how decentralization influences fiscal discipline across different governmental levels …. Results for 185 countries show that while tax decentralization often hampers the degree of fiscal responsiveness, potentially …
Persistent link: https://www.econbiz.de/10014543839
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Choque fiscal e a dinâmica da estrutura a termo da taxa de juros no Brasil
Moreira, Ajax; Rocha, Katia - 2011
The study presents a macro-finance model to analyze the impacts of a fiscal policy shock in the Brazilian term structure of interest rate in the period 1999-2010. Fiscal policy explains a higher proportion of the long-term interest rate variance (25% of the five years rate) comparing to the...
Persistent link: https://www.econbiz.de/10009228943
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The Great Divide : Regional Inequality and Fiscal Policy
Gbohoui, William - 2019
Growing regional inequality within countries has raised the perception that 'someplaces and people' are left behind. This has prompted a shift toward inward-looking policies andaway from pro-growth reforms. This paper presents novel stylized facts on regional inequality forOECD countries. It...
Persistent link: https://www.econbiz.de/10012866902
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Russia’s Fiscal Policy in 2020
Arlashkin, Igor; Barbashiova, Natalya; Belev, Sergei; … - 2021
The budget system revenues of the Russian Federation in 2020 shrank by Rb3.4 trillion in real terms compared to the previous year, or by 8.6% at constant prices (Table 6) on the back of reduced oil and gas revenues. For this reason, the proportion of oil and gas revenues in the total budget...
Persistent link: https://www.econbiz.de/10013215923
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Russia's Fiscal Policy in 2022
Arlashkin, Igor; Barbashiova, Natalya; Vekerle, Konstantin - 2023
In 2022, the nominal growth of all the main parameters of the enlarged government budget (hereinafter — EGB) led to their dynamics in shares of GDP in relation to the previous year to have a multidirectional nature: revenues decreased by 0.6 p.p. of GDP to its lowest level in recent years of...
Persistent link: https://www.econbiz.de/10014347081
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Subnational Fiscal Behavior Under the Expectation of Federal Bailouts
Crivelli, Ernesto - 2011
This paper analyzes how subnational governments allocate own resources between current spending and infrastructure investment and decide on borrowing under the expectation of federal bailouts. It is assumed that states' borrowing possibilities increase with the expectation of such bailouts...
Persistent link: https://www.econbiz.de/10013120740