I investigate consumption smoothing (sensitivity) under a balanced budget rule in Swedish municipalities. In general, I …. I use fiscal indicators - the level of own funds and net operating surplus - as proxies for budget balance boundness …, implying that budget balance plays a role for consumption smoothing behavior. However, consumption sensitivity has decreased in …

FD in achieving fiscal discipline. Panel evidence strongly supports that balanced budget and debt rules contribute to FD …

finance. In the article the opportunity of discounting of incomes and charges of the state budget is investigated. Besides in …

This paper analyzes the role of nominal assets in ranking intertemporal budget policies in a growing open economy. The … budget policies are ranked in terms of the public's intertemporal stock of tax liabilities. Our main result is that, in a … monetary policy shocks. -- government budget ; taxation ; nominal assets ; current account …

, education and infrastructure funding, and governments decide optimally on budget size (tax rate) and its allocation across the … optimal where the federal government sets a common tax rate, but allows the regional governments to decide on the budget …