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Persistent link: https://www.econbiz.de/10002822729
The paper investigates the intertemporal spending behavior of Scandinavian local governments with particular attention to liquidity constraints imposed by balanced-budget-rules and other regulations. The main finding is that Danish local governments are more able to smooth current expenditures...
Persistent link: https://www.econbiz.de/10010321793
Persistent link: https://www.econbiz.de/10001564867
Persistent link: https://www.econbiz.de/10001700002
The paper investigates the intertemporal spending behavior of Scandinavian local governments with particular attention to liquidity constraints imposed by balanced-budget-rules and other regulations. The main finding is that Danish local governments are more able to smooth current expenditures...
Persistent link: https://www.econbiz.de/10011588516