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Endogenous Decentralization in Federal Environmental Policies

Traub, Leah Goldman - 2010

Under most federal environmental laws and some health and safety laws, states may apply for quot;primacy,quot; that is, authority to implement and enforce federal law, through a process known as quot;authorization.quot; Some observers fear that states use authorization to adopt more lax policies...

Persistent link: https://www.econbiz.de/10012759960

Evaluating the Efficiency and Equity of Federal Fiscal Equalization

Albouy, David - 2010

In theory, federal transfers that make household location decisions efficient should ignore local cost differences, subsidize positive externalities, and offset differences in federal-tax payments and local taxes levied on non-residents, but not local tax revenues from residents. Transfers that...

Persistent link: https://www.econbiz.de/10013141358

Fiscal Federalism and Legislative Malapportionment : Causal Evidence from Independent But Related Natural Experiments

Galiani, Sebastian - 2014

We exploit three natural experiments in Argentina in order to study the role of legislative malapportionment on the biased federal tax sharing scheme prevalent in the country. We do not find support to attribute it to legislative malapportionment during periods when democratic governments were...

Persistent link: https://www.econbiz.de/10013056579

Intergenerational Fiscal Constitutions : How to Protect Future Generations Using Land Taxes and Federalism

Conley, John P.; Rangel, Antonio - 2021

This paper studies how to design a fiscal constitution that, by capitalizing intergenerational spillovers into land values, is able to protect future generations from expropriation and to generate optimal investment in intergenerational public goods. In particular, we study how to accomplish...

Persistent link: https://www.econbiz.de/10013224175

Fiscal Challenges in Multilayered Unions : An Overview and Case Study

Aizenman, Joshua - 2014

This paper reviews recent research dealing with fiscal discipline and revisit the issues of fiscal control in federal systems, focusing on selective case studies covering the 2000s, before and after the Global Financial Crisis (GFC). We start by contrasting the recent fiscal history of...

Persistent link: https://www.econbiz.de/10013045653

Fiscal Unions

Werning, Iván - 2012

We study cross-country risk sharing as a second-best problem for members of a currency union using an open economy model with nominal rigidities and provide two key results. First, we show that if financial markets are incomplete, the value of gaining access to any given level of aggregate risk...

Persistent link: https://www.econbiz.de/10013102600

Decentralization in Developing Economies

Gadenne, Lucie - 2013

Standard models of fiscal federalism suggest many benefits of decentralization in developing economies, and there has …. We consider how the trade-offs associated with fiscal federalism apply in developing countries and discuss reasons for … their relatively low levels of decentralization. We also consider additional features relevant to federalism in developing …

Persistent link: https://www.econbiz.de/10013076576

Anchoring Fiscal Expectations

Leeper, Eric M. - 2010

In this lecture, I argue that there are remarkable parallels between how monetary and fiscal policies operate on the macro economy and that these parallels are sufficient to lead us to think about transforming fiscal policy and fiscal institutions as many countries have transformed monetary...

Persistent link: https://www.econbiz.de/10013151140

Endowments, Fiscal Federalism, and the Cost of Capital for States : Evidence from Brazil, 1891-1930

Martinez, Andre - 2010

because of the extreme form of fiscal federalism that the Brazilian government adopted in the Constitution of 1891, giving …

Persistent link: https://www.econbiz.de/10013150649

Colonial Institutions, Commodity Booms, and the Diffusion of Elementary Education in Brazil, 1889-1930

Musacchio, Aldo - 2014

We explain how the decentralization of fiscal responsibility among Brazilian states between 1889 and 1930 promoted a unequal expansion in public schooling. We document how the variation in state export tax revenues, product of commodity booms, explains increases in expenditures on education,...

Persistent link: https://www.econbiz.de/10013055513