In economic unions the fiscal authority consists not of one, but many governments. We analyze whether partisanship of … times increases the transfer multiplier by 0.30. The observed changes in the share of Republican governors lead to variation … in the multiplier of 0.20 in the model. Local projection methods support this prediction …

designated as “Bayanihan Federalism”, has spurred vigorous debate, with much discussion focusing on the fiscal repercussions of …-sharing mechanisms of the Bayanihan Federalism draft, and the likely political acceptability levels of adopting them among existing local … trade-offs embedded in the revenue-sharing and functional assignment proposals of Bayanihan Federalism — especially when …

the possible evolution of the integration process in the euro area toward fiscal federalism and fiscal union as a way to …

-run phenomenon, while long-run fiscal behavior appears more consistent with standard theories of fiscal federalism. …

-run phenomenon, while long-run fiscal behavior appears more consistent with standard theories of fiscal federalism. …

traditional, expenditure-related motives for centralization considered in the fiscal federalism literature is present. If central …

The paper presents a Keynesian fiscal policy multiplier model with a federal system of government. The state and local … balanced budget implies that the fiscal multiplier is larger than it otherwise would be. The model is calibrated to represent …