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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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Fiscal delegation in a Monetary Union with decentralized public spending
Basso, Henrique S.; Costain, James - In: CESifo economic studies : CESifo, a joint initiative of … 62 (2016) 2, pp. 256-288
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/10011576618
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Fiscal delegation in a monetary union : instrument assignment and stabilization properties
Basso, Henrique S.; Costain, James - 2017
Persistent link: https://www.econbiz.de/10011784210
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Centralization and decentralization in economic policy
Tinbergen, Jan - 1954
Persistent link: https://www.econbiz.de/10000608617
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Decentralization and Macroeconomic Management
Ter-Minassian, Teresa - 2006
The literature on fiscal federalism has amply discussed both the potential efficiency and welfare gains from … decentralization and the potential trade-offs between decentralization and income redistribution. By contrast, it has generally put … less emphasis on the effects of decentralization on macroeconomic management, although policymakers worldwide increasingly …
Persistent link: https://www.econbiz.de/10012782119
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Economic stimulus measures in the pandemic : the role of fiscal decentralisation
Elgin, Ceyhun; Yalaman, Abdullah; Yasar, Sezer - In: Cambridge journal of regions, economy and society 16 (2023) 1, pp. 167-184
Persistent link: https://www.econbiz.de/10014313116
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Interaction of government tiers and central banks in a federation : an empirical test
Claeys, Peter; Ramos, Raúl; Suriñach Caralt, Jordi - In: Fiscal studies : the journal of the Institute for … 38 (2017) 2, pp. 301-330
Persistent link: https://www.econbiz.de/10011734433
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Debt and fiscal responsibility in a federal structure : the case of Pakistan
Tahir, Nadia; Tahir, Parvez - In: Romanian journal of fiscal policy : RJFP 3 (2012) 2, pp. 27-47
A recent amendment in Pakistan’s federal constitution allows provinces to borrow domestically and abroad. There is a concern that it may generate unsustainable debt burden, considering the country’s delinquent monetary policy and a historical deficit bias. The objective of this paper is to...
Persistent link: https://www.econbiz.de/10010199904
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Fédéralisme, coordination ou compétition budgétaire dans la zone euro?
Artus, Patrick - 2001
Persistent link: https://www.econbiz.de/10001620294
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Luigi Einaudi, the European Federation and the ECB's monetary policy as seen by Francesco Forte
Santagostino, Angelo - In: International advances in economic research : IAER ; an … 23 (2017) 1, pp. 39-50
Persistent link: https://www.econbiz.de/10011944455