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Do party ties increase transfer receipts in cooperative federalism? - evidence from Germany
Bury, Yannick; Feld, Lars P.; Köhler, Ekkehard A. - 2020
Cooperative fiscal federalism needs a multi-level consent to decide on the allocation of intergovernmental transfers … transfers to municipal governments under this type of federalism. Using a regression discontinuity design in close electoral … supporting the swing voter hypothesis, our results suggest that federalism inherently entails restrictions for misusing …
Persistent link: https://www.econbiz.de/10012291881
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Do party ties increase transfer receipts in cooperative federalism? : evidence from Germany
Bury, Yannick; Feld, Lars P.; Köhler, Ekkehard A. - 2022 - This version: 22nd August 2022
Cooperative fiscal federalism needs a multi-level consent to decide on the allocation of intergovernmental transfers … transfers to municipal governments under this type of federalism. Using a regression discontinuity design in close electoral … supporting the swing voter hypothesis, our results suggest that federalism inherently entails restrictions for misusing …
Persistent link: https://www.econbiz.de/10013399870
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Partisanship and fiscal policy in Federal Unions : evidence from US states
Carlino, Gerald A.; Drautzburg, Thorsten; Inman, Robert P. - 2020
In federal countries, such as the U.S., the fiscal authority consists not of one, but many governments, with state governments accounting for a sizable share of expenditures. We analyze how state partisanship of politicians affects state fiscal policy and quantify the possible macroeconomic...
Persistent link: https://www.econbiz.de/10012419407
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The system of revenue sharing and fiscal transfers in China
Wang, Xiao; Herd, Richard - 2013
The main features of China’s current sub-national finance arrangements date back to the 1994 tax reform. China has a multi-level government structure that shares national tax revenues through a system of tax sharing and transfers, and divides spending assignments and responsibilities. Local...
Persistent link: https://www.econbiz.de/10009711209
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The dynamic response of municipal budgets to revenue shocks
Helm, Ines; Stuhler, Jan - 2021
Germany’s fiscal equalization scheme triggered by Census revisions of official population counts. Municipal budgets do not …-run phenomenon, while long-run fiscal behavior appears more consistent with standard theories of fiscal federalism. …
Persistent link: https://www.econbiz.de/10012514567
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The dynamic response of municipal budgets to revenue shocks
Helm, Ines; Stuhler, Jan - 2021
Germany's fiscal equalization scheme triggered by Census revisions of official population counts. Municipal budgets do not …-run phenomenon, while long-run fiscal behavior appears more consistent with standard theories of fiscal federalism. …
Persistent link: https://www.econbiz.de/10012518088
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Do (German) State Bond Markets Discount Politics?
Hong, Sounman - 2016
To what extent do bond market reactions to an unexpected deficit shock depend on state-specific politics? To answer this question, we calculate German state bond spreads over government benchmark paper using information from Datastream for the period 2006-2010. We test for a variety of...
Persistent link: https://www.econbiz.de/10012988100
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The System of Revenue Sharing and Fiscal Transfers in China
Wang, Xiao; Herd, Richard - Economics Department, Organisation de Coopération et … - 2013
The main features of China’s current sub-national finance arrangements date back to the 1994 tax reform. China has a multi-level government structure that shares national tax revenues through a system of tax sharing and transfers, and divides spending assignments and responsibilities. Local...
Persistent link: https://www.econbiz.de/10011276970
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Fiscal Imbalance? : Assessing the Revenue-Sharing Mechanisms of Bayanihan Federalism
Mendoza, Ronald U. - 2018
designated as “Bayanihan Federalism”, has spurred vigorous debate, with much discussion focusing on the fiscal repercussions of …-sharing mechanisms of the Bayanihan Federalism draft, and the likely political acceptability levels of adopting them among existing local … trade-offs embedded in the revenue-sharing and functional assignment proposals of Bayanihan Federalism — especially when …
Persistent link: https://www.econbiz.de/10012909989
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Reforming Federal Fiscal Relations in Austria
Fuentes, Andrés - 2006
This paper reviews the fiscal relations between the three levels of government in Austria and points to the scope for reforming them with a view to improving the efficiency of the public sector. Key areas of public sector activity are subject to complex relations across the three layers of...
Persistent link: https://www.econbiz.de/10012442965