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We estimate whether federal aid for state and local governments played a role in advancing population testing for COVID-19 and the administration of vaccines. To overcome biases that can result from the endogeneity of federal aid allocations, we use an instrumental-variables estimator reliant on...
Persistent link: https://www.econbiz.de/10013334424
Using data on U.S. state and federal taxes and transfers over a quarter century, we estimate a regression model that yields the marginal effect of any shift of market income share from one quintile to another on the entire post tax, post-transfer income distribution. We identify exogenous income...
Persistent link: https://www.econbiz.de/10014544770
euro area than in the US, and though the US faces serious state-level fiscal crises. A higher level of fiscal federalism …
Persistent link: https://www.econbiz.de/10010494443
In federal countries, competence for policy matters is often shared between various levels of government. As only overall outcomes are observed, this might blur accountability by decreasing voters' ability to infer information about the performance of their leaders. In this article, we analyse...
Persistent link: https://www.econbiz.de/10010310737
of regulation and is perhaps the most significant decentralization in U.S. environmental policy. However, few studies … to increase the stringency of regulation. This evidence points to desirable effects of decentralization. …
Persistent link: https://www.econbiz.de/10010318356
This note shows that the aggregate fiscal expenditure stimulus in the United States, properly adjusted for the declining fiscal expenditure of the fifty states, was close to zero in 2009. While the Federal government stimulus prevented a net decline in aggregate fiscal expenditure, it did not...
Persistent link: https://www.econbiz.de/10008647625
interactions arise. -- Global Climate Change ; Federalism ; Cap-And-Trade ; Carbon Tax ; Regulation …
Persistent link: https://www.econbiz.de/10008735732
This note shows that the aggregate fiscal expenditure stimulus in the United States, properly adjusted for the declining fiscal expenditure of the fifty states, was close to zero in 2009. While the Federal government stimulus prevented a net decline in aggregate fiscal expenditure, it did not...
Persistent link: https://www.econbiz.de/10003943763
. -- Federalism ; accountability ; multilevel governance ; party cues …
Persistent link: https://www.econbiz.de/10009629590
Concurrent taxation is a feature of many federal systems. As a consequence of this fact, the tax policy of one level of government affects the tax base of the other. This paper carries out a theoretical analysis of the interdependent tax-setting decisions of federal and regional governments,...
Persistent link: https://www.econbiz.de/10011442846