To counter the effect of recessions on workers, Congress has passed legislation to spur job creation through increased spending on public works (infrastructure) and public service programs, revenue sharing with state governments, and employment tax credits. Although the economic stimulus measure...

The majority of the literature on fiscal decentralization has tended to stress that the greater capacity of decentralized governments to tailor policies to local preferences and to be innovative in the provision of policies and public services, the greater the potential for economic efficiency...

In this paper we consider the case for assigning tax revenues to Scotland, by which we mean that taxes levied on Scottish tax bases should be returned to the Scottish budget. The budget, however, would continue to be supplemented by transfers from the Westminster budget. This arrangement differs...

Dezentrale, wettbewerblich organisierte föderale Ordnungen, bei denen zentrale Kompetenzen auf niedrigen institutionellen Ebenen liegen und in denen Gebietskörperschaften eine vergleichsweise geringe Größe aufweisen, sind mit beträchtlichen Vorteilen verbunden. So ist es besser möglich,...

Outsourcing can be defi ned as the delivery of public services by the private sector. The sign of the effect of outsourcing on public spending is ambiguous ex-ante. While outsourcing may reduce public spending through higher competition in the private sector, it may also increase public spending...

Tras la crisis económica y financiera, ha emergido en Europa un amplio consenso sobre la necesidad de reforzar la dimensión fiscal para completar la Unión Económica y Monetaria (UEM). Este documento analiza el papel de las transferencias interregionales en algunas de las principales...

Este trabajo propone un marco analítico para analizar el grado de cumplimiento de los objetivos presupuestarios en marcos descentralizados, considerando factores económicos e institucionales. Este marco se aplica a las Comunidades Autónomas (CCAA) de España en el período 2002-2015. En el...

En este documento se hace un análisis empírico de la evolución y de los determinantes de la deuda de las Comunidades Autónomas (CCAA). España constituye un caso interesante de estudio debido a su alto nivel de descentralización fiscal (desarrollado gradualmente durante las últimas cuatro...

Summary of Banco de España Working Paper no. 1939