Search Results - subject:"Budget constraints"

Fiscal Policy Implementation in Sub-Saharan Africa

Lledo, Victor Duarte; Poplawski-Ribeiro, Marcos - International Monetary Fund (IMF) - 2011

This paper investigates economic, political, and institutional constraints to fiscal policy implementation in sub-saharan Africa. We find that planned fiscal adjustments or expansions are less likely to be implemented the larger they are, the more inaccurate the growth forecasts they are based...

Persistent link: https://www.econbiz.de/10009203550

Soft budget constraints and strategic interactions in subnational borrowing: Evidence from the German States, 1975-2005

Baskaran, Thushyanthan - Volkswirtschaftliche Fakultät, … - 2011

schemes. This paper explores whether such features of cooperative federations lead to subnational soft budget constraints … federation like Germany is susceptible to soft budget constraints. The results suggest that state borrowing in Germany exhibited … budget constraints and (ii) that they were more concerned about the likelihood of a bailout than about its volume. …

Persistent link: https://www.econbiz.de/10009220666

Vertical aspects of sub-national deficits: the impact of fiscal rules and tax autonomy in European countries

Foremny, Dirk - Volkswirtschaftliche Fakultät, … - 2011

This article offers an empirical answer to the question of which institutional arrangements can help to keep the accounts of sub-national governments in balance. I take into consideration the autonomy that these governments have in raising their revenues and fiscal rules as formulated in law or...

Persistent link: https://www.econbiz.de/10009277297

Decentralizing Spending More Than Revenue; Does it Hurt Fiscal Performance?

Eyraud, Luc; Lusinyan, Lusine - International Monetary Fund (IMF) - 2011

In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers. Sub-national governments have then to rely on transfers from the center and borrowing to finance their spending. When this occurs, we find that the overall fiscal deficit...

Persistent link: https://www.econbiz.de/10009327869

Policy Coordination in Fiscal Federalism; Drawing Lessons From the Dubai Debt Crisis

Cevik, Serhan - International Monetary Fund (IMF) - 2011

Using the cyclically adjusted non-hydrocarbon primary balance, this paper investigates the evolution of the fiscal policy stance in the United Arab Emirates at consolidated and sub-national levels in the run-up and after the crisis. The empirical findings show that procyclical fiscal policies...

Persistent link: https://www.econbiz.de/10009151215

Measuring Fiscal Decentralization; Exploring the IMFâ€™s Databases

International Monetary Fund (IMF); International … - 2011

Conventional wisdom postulates that there are benefits from decentralizing government finances but there is little empirical evidence about actual country practices. This paper presents data on fiscal decentralization for about 80 countries over a period of about 20 years (1990-2008) from the...

Persistent link: https://www.econbiz.de/10009151217

Optimal Environmental Taxes Due to Health Effect

Mohajan, Haradhan Kumar - In: KASBIT Journal of Management & Social Science 4 (2011) 1, pp. 1-19

This paper shows that the optimal environmental tax should be less than the marginal environmental damages; since the presence of pre-existing distortionary taxes, increasing the welfare costs is associated with the overall tax code. The reduction of pollution causes the benefits of health by...

Persistent link: https://www.econbiz.de/10010639392

Optimal Environmental Taxes Due to Health Effect

Mohajan, Haradhan Kumar - In: KASBIT Journal of Management & Social Science 4 (2011) December, pp. 1-19

Persistent link: https://www.econbiz.de/10010640638

All-Pay Auctions with Budget Constraints

Kotowski, Maciej; Li, Fei - Volkswirtschaftliche Fakultät, … - 2011

Consider an all-pay auction with interdependent, affiliated valuations and private budget constraints. We characterize …

Persistent link: https://www.econbiz.de/10009004809

France; Lessons From Past Fiscal Consolidation Plans

Martin, Edouard; Yakadina, Irina; Tytell, Irina - International Monetary Fund (IMF) - 2011

This paper analyzes past fiscal consolidation plans and their outcomes in France. It covers the early attempts at fiscal consolidation in the 1970s and the 1980s (Plan Barre and Virage de la Rigueur), the first episode of medium-term fiscal consolidation in 1994-97 ahead of joining the European...

Persistent link: https://www.econbiz.de/10009019566