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Asymmetric decentralisation, economic cycle, regional nad local government's borrowing in Spain
Toboso López, Fernando - In: Acta oeconomica : periodical of the Hungarian Academy … 64 (2014) 4, pp. 441-461
Persistent link: https://www.econbiz.de/10010472848
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Enhancing the Effectiveness of Public Spending in Switzerland
Joumard, Isabelle; Giorno, Claude - Economics Department, Organisation de Coopération et … - 2002
Switzerland is a highly decentralised country with large spending and revenue-raising powers devolved to cantons and municipalities. The federal system, in combination with an extensive use of direct democracy, has contributed to keep public spending at a relatively low level in international...
Persistent link: https://www.econbiz.de/10005045784
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Study on quality of public finances in support of growth in the mediterranean partner countries of the EU
De Wulf, Luc; Coutinho, Leonor; Sassanpour, Cyrus; … - 2010
Until the early 1990s, the discussions on fiscal policy primarily centered on the functions of economic stabilization, income redistribution and resource allocation. Long-term growth was not usually viewed as an end itself, and fiscal policy was often not sufficiently tailored to the different...
Persistent link: https://www.econbiz.de/10010326589
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Study on quality of public finances in support of growth in the mediterranean partner countries of the EU
De Wulf, Luc; Coutinho, Leonor; Sassanpour, Cyrus; … - 2010
Persistent link: https://www.econbiz.de/10008736763
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Study on Quality of Public Finances in Support of Growth in the Mediterranean Partner Countries of the EU
Coutinho, Leonor - 2010
Until the early 1990s, the discussions on fiscal policy primarily centered on the functions of economic stabilization, income redistribution and resource allocation. Long-term growth was not usually viewed as an end itself, and fiscal policy was often not sufficiently tailored to the different...
Persistent link: https://www.econbiz.de/10013135700
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Study on Quality of Public Finances in Support of Growth in the Mediterranean Partner Countries of the EU
Coutinho, Leonor; De Wulf, Luc; Florez, Santiago; … - CASE-Center for Social and Economic Research - 2010
Until the early 1990s, the discussions on fiscal policy primarily centered on the functions of economic stabilization, income redistribution and resource allocation. Long-term growth was not usually viewed as an end itself, and fiscal policy was often not sufficiently tailored to the different...
Persistent link: https://www.econbiz.de/10008742962
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Moral Hazard and Bail-Out in Fiscal Federations : Evidence for the German Länder
Heppke-Falk, Kirsten - 2016
We identify investor moral hazard in the German fiscal federation. Our identification strategy is based on a variable, which was used by the German Federal Constitutional Court as an indicator to determine eligibility of two German states (Länder) to a bail-out, the interest payments-to-revenue...
Persistent link: https://www.econbiz.de/10012991148
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Empirical studies on public debt and fiscal transfers
Reischmann, Markus Josef - 2016
This volume includes five self-contained chapters in the fields of public debt and fiscal transfer schemes. After an introduction to the topic, chapter 2 shows that the institutional setting of fiscal policy making needs to be considered when assessing the sustainability of fiscal policy. Using...
Persistent link: https://www.econbiz.de/10011742833
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Getting the Most Out of Public Sector Decentralisation in Spain
Joumard, Isabelle; Giorno, Claude - Economics Department, Organisation de Coopération et … - 2005
In about two decades, Spain was transformed from one of the most centralised countries to one of the most decentralised … avoid recourse to off-budget operations. This Working Paper relates to the 2005 OECD Economic Survey of Spain (www.oecd.org/eco/surveys/spain …
Persistent link: https://www.econbiz.de/10005045942
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At the Core of the Sovereign Crisis in Spain : Restructuring Subnational Debt vs Internal Bail-Out
Tirado, Ignacio - 2013
Spain´s sovereign crisis has many sides and causes. An unviable economic model and an insolvent financial sector … continues to have- its own serious dysfunctions. One of the main problems lies with Spain´s territorial administration … about Spain's future, posing additional hurdles to the country's economic recovery. Mirroring the approach adopted by the EU …
Persistent link: https://www.econbiz.de/10013076101