presents two new composite measures. The new fiscal decentralization indicators are symmetric in terms of the relative effects …

: an increase in current government purchase in goods and services has negative multiplier effects only if the elasticity … consumers; public capital expenditure crowds in consumption and investment but crowding out effects might arise in the short …

public finances to study the effects on local welfare of a large fiscal transfer fund earmarked for social investment in more … effects on seven nonmonetary welfare measures. In contrast, these funds have no significant impact on extreme and moderate … monetary poverty. These results provide important lessons for policy on the effects of earmarked funds to reduce territorial …

making use of the multi-tier federal system. State (cantonal) borders spatially bound the effects of canton-level fiscal …