Takahashi, Hiromasa; Suzuki, Akihiro; Takemoto, Toru - In: Economics Bulletin 8 (2008) 1, pp. 1-10
The authors deal with a certain type of timing problem with the central government's allocation of subsidies to local governments, called a ``soft budget constraint (SBC) problem.'''' In fiscal science, it has been indicated that the interregional redistribution policy of the central government...
