Showing 1 - 10 of 7,367
Persistent link: https://www.econbiz.de/10011485540
Fiscal consolidation in Greek and German local governments differs for many reasons. While some German local governments experienced a long period of austerity, driven by economic decline and federal and state measures, the global financial crisis and "troika" programme caused the need for harsh...
Persistent link: https://www.econbiz.de/10012587011
Persistent link: https://www.econbiz.de/10012311664
Fiscal decentralization has been established in the People's Republic of China (PRC), but crises emerge at the local government level due to remaining problems of the fiscal administration system of tax allocation and the impact of replacing the business tax with a value added tax. The PRC...
Persistent link: https://www.econbiz.de/10011576786
Persistent link: https://www.econbiz.de/10011688308
Persistent link: https://www.econbiz.de/10012167942
Austerity measures are frequently enacted when the sustainability of public finances is in doubt. Such doubts are reflected in high sovereign yield spreads and put further strain on government finances. Is austerity successful in restoring market confidence, bringing about a reduction in yield...
Persistent link: https://www.econbiz.de/10010481328
Persistent link: https://www.econbiz.de/10013207012
We present new evidence showing that fiscal austerity strengthens support for redistribution, especially for the relatively well-off. Our theoretical model proposes two mechanisms to explain this heterogeneity in support for redistribution: "altruism" and "appreciation". We test our theoretical...
Persistent link: https://www.econbiz.de/10012668262
Persistent link: https://www.econbiz.de/10012238806