The paper provides an analysis of cyclically-adjusted budget balances of local governments in Italy for the period 2002-07. We find that local government balances appear to be relatively sensitive to the business cycle. In particular, a shock of 1 per cent in GDP changes their resources by...

L'articolo analizza retrospettivamente dopo sette anni l'impatto che la pubblicazione del “Manifesto contro la disoccupazione nell'UE” ha avuto sulle politiche economiche attivate nei vari paesi europei. Dal lato dell'offerta, si prende atto che molti suggerimenti del “Manifesto” sono...

Congress and the U.S. Constitution impose no single apportionment method that all states must follow. The states have wide latitude in developing their apportionment formulas. The apportionment of business income for state tax purposes is a major consideration in maintaining the fairness of...

Remote seller state sales and use tax collection and compliance is a significant and increasing economic issue for state and local jurisdictions, especially given the impact on interstate commerce and Congress' Commerce Clause authority to regulate in that area. In this article, author Thomas...

The present work deals with the fiscal decentralization reforms in developing countries. Empirical evidence demonstrates that deficiencies in the decentralization process, particularly on revenue composition issues, are many even today and of difficult solution for developing countries. Our...

This paper uses a pooled mean group (PMG) estimator to evaluate the effects of tax policy on state-level growth. We find that property and sales tax rates have negative effects on long-run income growth, while income tax rates have no impact

Takings jurisprudence is engaged in a constant paradox. It is conventionally portrayed as chaotic and muddy, and yet attempts by the judiciary to create some sense of order in it by delineating the field into distinctive categories that each have a different set of rules are often criticized as...

We examine a new government-sponsored investment vehicle available only to individual investors, 529 college savings plans, to analyze consumers' investment behavior after a significant change in disclosures of historical investment returns and tax benefits. We find evidence that disclosures...

Inclusive growth, narrowly defined in this paper as growth that helps reduce inequality, is achieved if consumption of the poor increases faster than consumption of the rich. The paper presents a simple accounting framework for a per-percentile consumption diagnostics that could inform...