Cyclically Adjusted Local Government Balances

The paper provides an analysis of cyclically-adjusted budget balances of local governments in Italy for the period 2002-07. We find that local government balances appear to be relatively sensitive to the business cycle. In particular, a shock of 1 per cent in GDP changes their resources by approximately 0.6 billion. Within the sample period, both central and local policies concerning local government budgets had a sizeable impact on local government balances in cyclically-adjusted terms

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Year of publication:	2013
Authors:	Panicara, Eugenia
Other Persons:	Rigon, Massimiliano (contributor) ; Tomat, Gian Maria (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Konjunktur \| Business cycle \| Italien \| Italy \| Länderfinanzen \| State government finance \| Steuereinnahmen \| Tax revenue \| Ländersteuer \| State tax

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Extent:	1 Online-Ressource (46 p)
Series:	Bank of Italy Occasional Paper ; No. 142
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 20, 2012 erstellt
Other identifiers:	10.2139/ssrn.2210400 [DOI]
Classification:	E32 - Business Fluctuations; Cycles ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; H71 - State and Local Taxation, Subsidies, and Revenue
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013087487