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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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Fiscal delegation in a monetary union with decentralized public spending
Basso, Henrique S.; Costain, James - 2016
In a monetary union, the interaction between several governments and a single central bank is plagued by several sources of deficit bias, including common pool problems. Each government has strong preferences over local spending and taxation but suffers only part of the costs of union-wide...
Persistent link: https://www.econbiz.de/10011434438
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Religious heterogeneity and fiscal policy : evidence from German reunification
Freier, Ronny; Geys, Benny; Holm, Joshua - 2013
Theoretical work based on social identity theory and in-group favoritism predicts that increased population diversity (e.g., due to immigration) reduces support for redistributive public policies. In this article, we add to the empirical literature testing this prediction in three ways. First,...
Persistent link: https://www.econbiz.de/10009722300
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Religious Heterogeneity and Fiscal Policy : Evidence from German Reunification
Freier, Ronny; Geys, Benny; Holm, Joshua - 2013
Theoretical work based on social identity theory and in-group favoritism predicts that increased population diversity (e.g., due to immigration) reduces support for redistributive public policies. In this article, we add to the empirical literature testing this prediction in three ways. First,...
Persistent link: https://www.econbiz.de/10014160229
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Policy Coordination in the Euro Area
Panico, Carlo - 2008
The paper deals with the problems of coordination between monetary and fiscal policies in the Euro area. It examines how the existing institutions handle these problems and presents a proposal to re-organise them. The paper points out that there is a need for coordination between monetary and...
Persistent link: https://www.econbiz.de/10012723187
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Enhancing Fiscal Transparency and Reporting in India
Blagrave, Patrick; Gonguet, Fabien - 2021
Current fiscal transparency and reporting practices in India place it behind most peer G20 economies, implying that policy makers are lacking critical data to ground their fiscal and other economic planning decisions. The increasing use of off-budget financing at the central government level in...
Persistent link: https://www.econbiz.de/10013252033
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Reducing Risk While Sharing it : A Fiscal Recipe for the EU at the Time of COVID-19
Batini, Nicoletta; Lamperti, Francesco; Roventini, Andrea - 2021
The COVID-19 lockdowns have brought about the need of large fiscal responses in all European countries. However, countries across Europe are differently equipped to respond to the shock due to differences in economic conditions and fiscal space. We build on the model by Berger et al. (2019) to...
Persistent link: https://www.econbiz.de/10013315110
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Costa Rica : restoring fiscal sustainability and setting the basis for a more growthfriendly and inclusive fiscal policy
Araújo, Sónia; Guichard, Stéphanie - 2018
Consecutive years of primary deficits have led to mounting public debt of almost 50% of GDP, one of the fastest increases in Latin America over the last decade. Government attempts to restore fiscal health have been undermined by a gridlocked Congress. While only minor reforms have been enacted...
Persistent link: https://www.econbiz.de/10011914250