Showing 1 - 10 of 1,416
This paper estimates the effects of fiscal stimulus on economic activity using a novel database on large fiscal expansions for 17 OECD countries for the period 1960–2006. The database is constructed by combining the statistical approach to identifying large shifts in fiscal policy with...
Persistent link: https://www.econbiz.de/10012865948
To enrich the debate about the fiscal effectiveness of sovereign wealth funds, this paper explores the effect of sovereign wealth funds (more precisely sovereign oil funds, SOFs) on the government spending in real term and as a share of GDP. First, we evaluate the relationship between the...
Persistent link: https://www.econbiz.de/10013054164
have a negative effect on public deficits, which is stronger the better the analyzed budget position corresponds with the …, cantonal fiscal rules tend to mitigate political budget cycles and shock-related deficits. …
Persistent link: https://www.econbiz.de/10011523766
public sector, public expenditure management and its linkage to policy development, the organization of budget processes on … donor community. The period of 2003-2007 was characterized by an extraordinary high rate of economic growth, both worldwide … budget transparency and creating real room for civil society involvement into a budget process. However, the reforms must …
Persistent link: https://www.econbiz.de/10008656340
This article assesses the current and likely impact of the Supreme Court's federalism cases on federal environmental regulation. As a result of this assessment, the article seeks to make four points: (1) Thus far, the Supreme Court's federalism cases have had a limited impact on federal...
Persistent link: https://www.econbiz.de/10014066133
This Article examines the evolution of EPA's audit policy, explores the reasons for states' dissatisfaction with it, and then discusses whether the federal policy should have been issued as a rule under the Administrative Procedure Act (APA). Part I examines the evolution of the federal audit...
Persistent link: https://www.econbiz.de/10014165290
The federal government has a large and growing presence in state and local policy activities. This rising intervention has been facilitated by “grants-in-aid,” which are programs that combine federal subsidies with topdown regulations to micromanage state and local affairs. A new analysis...
Persistent link: https://www.econbiz.de/10013085525
This Article exposes a misapplication of federalism as the driving force behind the Supreme Court's extreme narrowing of the 42 U.S.C. § 1983 remedy for beneficiaries of federal-state cooperative spending programs. Originally, the Court applied a presumption, via § 1983's straightforward...
Persistent link: https://www.econbiz.de/10013231453
expenditures. States with strict balanced budget requirements must restore fiscal balance faster than those without, leading to … occur disproportionately in areas with significant year-to-year variation (e.g., the capital portion of the budget and …
Persistent link: https://www.econbiz.de/10013098483
This paper develops a multi-country post-Kaleckian demand-led growth model that incorporates the role of the government … expansion. This policy mix leads to an improvement in the budget balance in all the EU15 countries, suggesting that expansionary …
Persistent link: https://www.econbiz.de/10011924544