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Municipal financing opportunities in Canada : how do cities use their fiscal space?
Meloche, Jean-Philippe; Vaillancourt, François - 2021
Persistent link: https://www.econbiz.de/10012497067
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The dynamic response of municipal budgets to revenue shocks
Helm, Ines; Stuhler, Jan - 2021
Persistent link: https://www.econbiz.de/10012511873
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The dynamic response of municipal budgets to revenue shocks
Helm, Ines; Stuhler, Jan - 2021
We study the fiscal and tax response to intergovernmental grants, exploiting quasi-experimental variation within Germany’s fiscal equalization scheme triggered by Census revisions of official population counts. Municipal budgets do not adjust instantly. Instead, spending and investments adapt...
Persistent link: https://www.econbiz.de/10012514567
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The dynamic response of municipal budgets to revenue shocks
Helm, Ines; Stuhler, Jan - 2021
We study the fiscal and tax response to intergovernmental grants, exploiting quasi-experimental variation within Germany's fiscal equalization scheme triggered by Census revisions of official population counts. Municipal budgets do not adjust instantly. Instead, spending and investments adapt...
Persistent link: https://www.econbiz.de/10012518088
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Equalization transfers and the pattern of municipal spending : an investigation of the flypaper effect in Germany
Langer, Sebastian; Korzhenevych, Artem - 2018
We investigate how lump-sum equalization transfers affect expenditures and taxes in the municipalities of the largest … German state North Rhine-Westphalia. In general, those general-purpose transfers cannot be treated as exogenous variables … instrumental variables. Findings suggest the existence of the "flypaper effect" - municipalities use transfers to increase …
Persistent link: https://www.econbiz.de/10011833912
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Revenue diversification in large US cities
Chernick, Howard A.; Langley, Adam; Reschovsky, Andrew - 2011
Persistent link: https://www.econbiz.de/10009613056
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Local property tax reform and municipality spending efficiency
Afonso, António; Venâncio, Ana - 2022
We investigate the effect on municipality spending efficiency of a local property tax reform, which reduced in 2008 the upper limit of the property tax. We compute municipality efficiency scores via data Envelopment Analysis (DEA) from 2005 to 2011, and then we rely in a panel data set to...
Persistent link: https://www.econbiz.de/10012803767
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The flypaper effect in Germany : an East-West comparison
Korzhenevych, Artem; Langer, Sebastian - 2016
We investigate the effect of general-purpose transfers on different expenditure categories and tax rates in the … suggest the existence of the "flypaper effect" - municipalities use transfers to increase expenditures but do not reduce taxes …
Persistent link: https://www.econbiz.de/10011562932
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Calling All Issuers : The Market for Debt Monitoring
Chen, Huaizhi; Cohen, Lauren; Liu, Weiling - National Bureau of Economic Research - 2022
A substantial fraction of local governments refinance their long-term debt with significant delays - resulting in sizable losses. Using data from 2001 to 2018, we estimate that U.S. municipals lost over $31 billion from this delayed refinancing, whereas the entire U.S. corporate sector, facing...
Persistent link: https://www.econbiz.de/10012938759
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Reflections on measuring urban fiscal health
Bird, Richard M. - 2014
Persistent link: https://www.econbiz.de/10010382107