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Beyond the Centre: Tracing Decentralization's Influence on Time-varying Fiscal Sustainability
Afonso, António; Alves, José; Jalles, João Tovar; … - 2024
This paper explores the nuanced relationship between fiscal decentralization and fiscal sustainability. Employing panel … data analyses, it scrutinizes how decentralization influences fiscal discipline across different governmental levels …. Results for 185 countries show that while tax decentralization often hampers the degree of fiscal responsiveness, potentially …
Persistent link: https://www.econbiz.de/10014574299
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Vertical Effects of Fiscal Rules - The Swiss Experience
Burret, Heiko T.; Feld, Lars P. - 2014
) provides little evidence that budget constraints at the cantonal level affect municipal finances and fiscal decentralization …
Persistent link: https://www.econbiz.de/10010435789
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Structural Distortions and Decentralized Fiscal Policies in EMU
Beetsma, Roel; Bovenberg, Lans - 2001
The combination of discretionary monetary policy, labor-market distortions and nominal wage rigidity yields an inflation bias as monetary policy tries to exploit nominal wage contracts to address labour-market distortions Although an inflation target eliminates this inflation bias, it creates a...
Persistent link: https://www.econbiz.de/10010315136
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Regional Resources and Democratic Secessionism
Gehring, Kai; Schneider, Stephan A. - 2018
Although regional resources have been shown to influence secessionist conflicts in developing countries, their effect in established democracies has largely been neglected. We integrate regional resource value and inter-regional transfers in a model on the optimal size of nations, and show that...
Persistent link: https://www.econbiz.de/10011932086
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A Dynamic Theory of Secession
Esteban, Joan - 2018
This paper builds a dynamic theory of secessions, conflictual or peaceful, analyzing the forward looking interaction between groups in a country. The proposed framework allows us to jointly address several key stylized facts on secession, and generates several novel predictions. We find that if...
Persistent link: https://www.econbiz.de/10012908659
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The Origins of Common Identity : Evidence from Alsace-Lorraine
Dehdari, Sirus H. - 2019
The quasi-exogenous division of the French regions Alsace and Lorraine after the Franco-Prussian War allows us to provide evidence about group identity formation within historically homogeneous regions. Using several measures of stated and revealed preferences spanning over half a century, we...
Persistent link: https://www.econbiz.de/10012892173
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The Origins of Common Identity : Evidence from Alsace-Lorraine
Dehdari, Sirus H. - 2019
The quasi-exogenous division of the French regions Alsace and Lorraine after the Franco-Prussian War allows us to provide evidence about group identity formation within historically homogeneous regions. We use several measures of stated and revealed preferences at the municipal-level in a...
Persistent link: https://www.econbiz.de/10012858698
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A Tale of Government Spending Efficiency and Trust in the State
Afonso, António; Jalles, João Tovar; Venâncio, Ana - 2022
This paper empirically links the efficiency and performance assessment of the general government, proxied by efficiency scores, to the trust in government. Government spending efficiency scores are first computed via data envelopment analysis (DEA). Then, relying on panel data and instrumental...
Persistent link: https://www.econbiz.de/10013470334
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The Economic Consequences of Fiscal Rules
Potrafke, Niklas - 2023
Fiscal rules are controversial. They mitigate politicians' flexibility in responding to shocks and pursuing expansionary fiscal policy. They help, however, to handle politicians' commitment problem in fiscal policies. I portray the new and fast growing empirical literature in public economics...
Persistent link: https://www.econbiz.de/10014469668
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News and Views on Public Finances: A Survey Experiment
Behringer, Jan; Dräger, Lena; Dullien, Sebastian; … - 2024
We use novel German survey data to investigate how perceptions and information about public finances influence attitudes towards public debt and fiscal rules. On average, people strongly underestimate the debt-to-GDP ratio, overestimate the interest-to-tax-revenue ratio and favor a tighter...
Persistent link: https://www.econbiz.de/10014534461