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The budget system revenues of the Russian Federation in 2020 shrank by Rb3.4 trillion in real terms compared to the previous year, or by 8.6% at constant prices (Table 6) on the back of reduced oil and gas revenues. For this reason, the proportion of oil and gas revenues in the total budget...
Persistent link: https://www.econbiz.de/10013215923
We evaluate the effect of relaxing fiscal rules on policy outcomes applying a quasi-experimental research design. In 1999, the Italian central government introduced fiscal rules aimed at imposing fiscal discipline on municipal governments, and in 2001 the rules were relaxed for municipalities...
Persistent link: https://www.econbiz.de/10009656634
In 2022, the nominal growth of all the main parameters of the enlarged government budget (hereinafter — EGB) led to their dynamics in shares of GDP in relation to the previous year to have a multidirectional nature: revenues decreased by 0.6 p.p. of GDP to its lowest level in recent years of...
Persistent link: https://www.econbiz.de/10014347081
Persistent link: https://www.econbiz.de/10011540845
and for cointegration between cantonal revenues and expenditures. Based on time series properties, we estimate individual …
Persistent link: https://www.econbiz.de/10014426917
Fiscal sustainability tests have largely ignored the institutional setting of fiscal policy making. Fiscal equalization … policies taking intoaccount fiscal equalization transfers. Using panel data techniques we assess fiscal sustainability by …
Persistent link: https://www.econbiz.de/10010575699
Fiscal sustainability tests have largely ignored the institutional setting of fiscal policy making. Fiscal equalization … policies taking into account fiscal equalization transfers. Using panel data techniques we assess fiscal sustainability by …
Persistent link: https://www.econbiz.de/10010578156
We examine the relationship between inflation and fiscal sustainability with a two-step approach. In the first step, we … estimate to estimate a country-specific time-varying measure of fiscal sustainability using the fiscal reaction function. This … estimate of fiscal sustainability found previously. Our findings indicate that higher inflation rates contribute positively to …
Persistent link: https://www.econbiz.de/10014444867
American “we-do-federalism-right” triumphalism. In the United States, as in Europe, subordinate governments are beset by … governments. That commitment was once the glory of American federalism. Over the past decade, however, the no-bailout commitment … has effectively collapsed. Its demise entails fundamental changes in American federalism, none of them encouraging. After …
Persistent link: https://www.econbiz.de/10014164095
We evaluate the effect of relaxing fiscal rules on policy outcomes applying a quasi-experimental research design. In 1999, the Italian central government introduced fiscal rules aimed at imposing fiscal discipline on municipal governments, and in 2001 the rules were relaxed for municipalities...
Persistent link: https://www.econbiz.de/10010289910