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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/10010424734
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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/10014543839
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Structural distortions and decentralized fiscal policies in EMU
Beetsma, Roel; Bovenberg, Ary 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/10011398780
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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/10011929646
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Voting under the threat of secession : accommodation vs. repression
Anesi, Vincent; De Donder, Philippe - 2011
We build a model of secession crises where voters may wish to accommodate the minority to prevent secession. We show the existence of a majority voting equilibrium with a government's type biased in favor of the minority. We propose a measure of secession risk and perform the comparative static...
Persistent link: https://www.econbiz.de/10009127585
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Anthropometric dividends of Czechoslovakia's break up
Costa-Font, Joan; Kossarova, Lucia - 2014
Processes of transition to democracy and country break up stand out as ideal experiments to estimate the impact of wide institutional reform on well-being. Changes in population heights are regarded as virtuous pointers of well-being improvements in psycho-social environments, which improve with...
Persistent link: https://www.econbiz.de/10010433968
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Have a break, have a ... national currency : When Do Monetary Unions Fall Apart?
Nitsch, Volker - 2004
Historically, dissolutions of currency unions are not unusual. I use an annual panel data set covering 245 country pairs that use a common currency (of which 128 are dissolved) from 1948 through 1997 to characterize currency union exits. I find that departures from a currency union tend to occur...
Persistent link: https://www.econbiz.de/10011404290
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Heterogeneity, vetoes and exit clauses in federal systems
Huysmans, Martijn - 2018
The vast majority of federations lack exit clauses. Existing theoretical explanations of this stylized fact focus on issues of credible commitment, signaling, and the risk of strategic exploitation. However, such accounts are unable to explain the adoption by the European Union (EU) of Article...
Persistent link: https://www.econbiz.de/10011884402
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A dynamic theory of secession
Esteban Marquillas, Joan María; Flamand, Sabine; … - 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/10011906250
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Overcoming history through exit or integration - deep-rooted sources of support for the European Union
Gehring, Kai - 2020
Preferences about the vertical distribution of power in federal systems are not well understood. I argue that negative historical experiences with higher-level governments can plausibly raise demands for exit strategies and a devolution of power. But integration, for instance delegating power...
Persistent link: https://www.econbiz.de/10012171727