Narrow search
Showing 1 - 10 of 63,407
Cover Image
Equalization transfers and the pattern of municipal spending : an investigation of the flypaper effect in Germany
Langer, Sebastian; Korzhenevych, Artem - 2018
We investigate how lump-sum equalization transfers affect expenditures and taxes in the municipalities of the largest … German state North Rhine-Westphalia. In general, those general-purpose transfers cannot be treated as exogenous variables … instrumental variables. Findings suggest the existence of the "flypaper effect" - municipalities use transfers to increase …
Persistent link: https://www.econbiz.de/10011833912
Cover Image
Municipal financing opportunities in Canada : how do cities use their fiscal space?
Meloche, Jean-Philippe; Vaillancourt, François - 2021
Persistent link: https://www.econbiz.de/10012497067
Cover Image
Recognizing Taxpayers as Stakeholders in Municipal Bankruptcies
Dick, Diane Lourdes - 2021
Recent large municipal bankruptcy cases have called into question the rights of debtor-cities to impair their capital markets creditors, on the one hand, and beneficiaries of their unfunded public pension promises, on the other. As I show in a companion work, federal bankruptcy law generally...
Persistent link: https://www.econbiz.de/10013243011
Cover Image
Political fragmentation and fiscal policy : evidence from German municipalities
Bernard, René - 2017
The government fragmentation hypothesis (GFH) states that coalition governments spend more than single-party governments due to an underlying common pool problem. Using a large panel data set on 604 local governments in the German state of Baden-Württemberg for the 1994-2014 period, I test the...
Persistent link: https://www.econbiz.de/10011730078
Cover Image
Municipal finance and governance in Poland, the Slovak Republic, the Czech Republic, and Hungary
Nam, Chang-woon; Parsche, Rüdiger; Reichl, Bettina - 2001
transfers between the central and local governments in an efficient way. For instance, some criticise that a large number of …
Persistent link: https://www.econbiz.de/10011850228
Cover Image
Calling All Issuers : The Market for Debt Monitoring
Chen, Huaizhi; Cohen, Lauren; Liu, Weiling - National Bureau of Economic Research - 2022
A substantial fraction of local governments refinance their long-term debt with significant delays - resulting in sizable losses. Using data from 2001 to 2018, we estimate that U.S. municipals lost over $31 billion from this delayed refinancing, whereas the entire U.S. corporate sector, facing...
Persistent link: https://www.econbiz.de/10012938759
Cover Image
Uncovering municipal fiscal distress in the United States
Reilly, Thom; Coordes, Laura N.; Reinisch, Erin; … - In: Public finance and management : PFM 21 (2022) 2, pp. 86-113
Persistent link: https://www.econbiz.de/10014484356
Cover Image
Reflections on measuring urban fiscal health
Bird, Richard M. - 2014
Persistent link: https://www.econbiz.de/10010382107
Cover Image
Can state and local revenue and expenditure enhance economic growth? : a cross-state panel study of fiscal activity
Clarke, Christopher Arthur; Miller, Stephen M. - 2014
Persistent link: https://www.econbiz.de/10010415512
Cover Image
The flypaper effect in Germany : an East-West comparison
Korzhenevych, Artem; Langer, Sebastian - 2016
We investigate the effect of general-purpose transfers on different expenditure categories and tax rates in the … suggest the existence of the "flypaper effect" - municipalities use transfers to increase expenditures but do not reduce taxes …
Persistent link: https://www.econbiz.de/10011562932