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A minimal moral hazard central stabilisation capacity for the EMU based on exports

Beetsma, Roel; Cima, Simone; Cimadomo, Jacopo - 2018

Persistent link: https://www.econbiz.de/10011860638

Callander, Steven; Harstad, Bård - 2015

We develop a model of policy experimentation in federal systems in which heterogeneous districts choose both whether to experiment and the policies to experiment with. The prospect of informational spillovers implies that in the fi rst best the districts converge in their policy choice....

Persistent link: https://www.econbiz.de/10011862030

Handbook of fiscal federalism

Ahmad, Ehtisham (ed.); Brosio, Giorgio (ed.) - 2006

This major Handbook addresses fiscal relations between different levels of government under the general rubric of "fiscal federalism", providing a review of the latest literature as well as an invaluable guide for practitioners and policy makers seeking informed policy options. The contributors...

Persistent link: https://www.econbiz.de/10011851106

The political agenda effect and state centralization

Acemoglu, Daron; Robinson, James A.; Torvik, Ragnar - In: Journal of comparative economics : the journal of the … 48 (2020) 4, pp. 749-778

Persistent link: https://www.econbiz.de/10012431623

Information transmission within federal fiscal architectures : theory and evidence

Dreher, Axel; Gehring, Kai; Kotsogiannēs, Chrēstos; … - In: Oxford economic papers 70 (2018) 1, pp. 243-265

Persistent link: https://www.econbiz.de/10011822759

Experimentation in Federal Systems

Callander, Steven - 2013

We present a model where heterogeneous districts choose both whether to experiment and the policies to experiment with. Since districts learn from each other, the first-best requires that policy experiments converge so that innovations are useful also for neighbors. However, the equilibrium...

Persistent link: https://www.econbiz.de/10012459061

Fiscal Federalism, Taxation and Grants

Gonzalez-Eiras, Martin - 2016

We propose a theory of tax centralization and inter governmental grants in politico-economic equilibrium. The cost of … the local level. This renders the degree of tax centralization and the tax burden determinate even if none of the … traditional, expenditure-related motives for centralization considered in the fiscal federalism literature is present. If central …

Persistent link: https://www.econbiz.de/10012981295

Information Transmission and Ownership Consolidation in Aid Programs

Dreher, Axel - 2017

We investigate the degree of leeway donors of foreign aid should grant to recipient governments when their preferences over how to implement the aid are different, and both the donor and recipient possess some private information about the most effective policies. Intuitively, our model shows...

Persistent link: https://www.econbiz.de/10012965388

Information Transmission within Federal Fiscal Architectures : Theory and Evidence

Dreher, Axel; Gehring, Kai; Kotsogiannis, Christos; … - 2016

-agent framework, it analyzes two alternative policy-decision schemes — ‘decentralization’ and ‘centralization’ — when ‘knowledge …

Persistent link: https://www.econbiz.de/10014153753

Centralization, Fiscal Federalism, and Private School Attendance

Nechyba, Thomas J. - 2003

perception that public school finance centralization will necessarily lead to greater private school attendance is not correct in … such a model - even when that centralization involves an extreme equalization as in California. Furthermore, if … centralization is less dramatic (as in most states), declines in private school attendance are even more pronounced. This weakens the …

Persistent link: https://www.econbiz.de/10014089575