Asymmetric and Non-Linear Adjustments in Local Fiscal Policy

We analyse the revenue-expenditure patterns of local governments, allowing for asymmetric and non-linear adjustments of local spending and taxation to disequilibrium errors. Our results provide evidence of a downward inflexibility of both local government spending and local taxation, pointing to a budget-maximising local government

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Year of publication:	[2009]
Authors:	Legrenzi, Gabriella Deborah
Publisher:	[2009]: [S.l.] : SSRN
Subject:	Finanzpolitik \| Fiscal policy \| Kommunale Finanzpolitik \| Local fiscal policy \| Theorie \| Theory

Extent:	1 Online-Ressource (32 p)
Series:	CESifo Working Paper Series ; No. 2550
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 2009 erstellt
Other identifiers:	10.2139/ssrn.1347961 [DOI]
Classification:	H10 - Structure and Scope of Government. General ; H71 - State and Local Taxation, Subsidies, and Revenue ; C22 - Time-Series Models
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012764809