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Governmental Accounting and Austerity Policies : Accounting Representations of Public Debt and Deficit in Europe and Abroad

Biondi, Yuri - 2016

This article provides a theoretical view on European Public Sector Accounting Standards (EPSAS), focusing on overarching accounting principles and models, as well as their consequences on the working and the very existence of public service activity. Our analysis applies to illustrative cases...

Persistent link: https://www.econbiz.de/10014159182

Vertical Fiscal Imbalances and the Accumulation of Government Debt

Aldasoro, Iñaki - 2015

. Decentralization has, however, often occurred on the expenditure and less on the revenue side, creating “vertical fiscal imbalances … when promoting fiscal decentralization. This paper also underlines the role of data covering the general government and its …

Persistent link: https://www.econbiz.de/10013031168

Vertical fiscal imbalances and the accumulation of government debt

Aldasoro, Iñaki; Seiferling, Mike - Research Center SAFE (Sustainable Architecture for … - 2014

provision of public goods and services. The move towards decentralization has, however, not been homogeneously implemented on … the revenue and expenditure side: decentralization has materialized more substantially on the latter than on the former … call for a degree of caution when promoting fiscal decentralization. …

Persistent link: https://www.econbiz.de/10010982103

Does expenditure composition influence the debt level? Evidence from German federal states

Stegarescu, Dan - 2013

Despite strongly equalized per capita revenue and similar budgetary institutions, fiscal performance is increasingly diverging across German federal states. Given that state and local governments are endowed with expenditure autonomy, this paper investigates whether the composition of...

Persistent link: https://www.econbiz.de/10010327777

Fiscal Transfers and Fiscal Sustainability

Potrafke, Niklas; Reischmann, Markus - 2014

We examine whether US and German state governments pursue sustainable fiscal policies taking into account fiscal transfers. Using panel data techniques we investigate whether the debt-to-GDP ratio had a positive influence on the primary surplus (Bohn-model). We show that including/excluding...

Persistent link: https://www.econbiz.de/10010352356

Effects of Fiscal Rules - 85 Years' Experience in Switzerland

Burret, Heiko T.; Feld, Lars P. - 2016

The paper investigates the fiscal effects of Swiss cantonal debt brakes by taking explicitly into account the rules' coverage. An in-depth analysis provides unique evidence that suggests the following: First, fiscal rules at the cantonal level have a negative effect on public deficits, which is...

Persistent link: https://www.econbiz.de/10011555505

Fiscal Rules and Public Spending: Evidence from Italian Municipalities

Gregori, Wildmer Daniel - 2014

The aim of this paper is to investigate the extent to which local budget spending composition reacts to fiscal rules variations. I consider the budget of Italian municipalities and exploit specific changes in the Domestic Stability Pact's rules, to perform a difference-in-discontinuities...

Persistent link: https://www.econbiz.de/10011651815

Debt dynamics, fiscal deficit, and stability in government borrowing in India: A dynamic panel analysis

Das, Panchanan - 2016

Despite the initiatives of the Finance Commission of India, fiscal performance has been deteriorating and increasingly diverging across Indian states. Given that the state governments are endowed with expenditure autonomy, this paper investigates whether the composition of expenditure of the...

Persistent link: https://www.econbiz.de/10011653763

Frameworks for central-local government relations and fiscal sustainability

Morgan, Peter J.; Trinh, Long Q. - 2016

stability and sustainability at both the central and local government levels. Based upon the evidence on the decentralization …

Persistent link: https://www.econbiz.de/10011688628

Fiscal decentralization and local budget deficits in Viet Nam: An empirical analysis

Morgan, Peter J.; Trinh, Long Q. - 2016

Since 1975, Viet Nam has gradually decentralized more fiscal responsibilities to local authorities. This study has two objectives: (i) to take stock of the current institutional framework for intergovernmental fiscal relations in Viet Nam, and (ii) to empirically assess the debt sustainability...

Persistent link: https://www.econbiz.de/10011688636