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, and reduce deficits after they receive a bailout from the state government. The state government appears to be both able … and willing to enforce austerity after granting a bailout. …
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This paper assesses the interactions of horizontal fiscal equalisation schemes with debt policy by sovereign regional governments. Local public goods are either financed by debt or taxation. A horizontal equalisation scheme elevates regional public revenue disparities under horizontal and...
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, we show that bailout plans with controlled interest rates can help in reducing debt-GDP ratios after some time. On the …
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, ob das Wahlverhalten der Gemeinden bei Landtagswahlen in einem deutschen Bundesland die Verteilung von diskretionären …
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