When state and local governments engage in balanced budget changes in taxes and spending, what fiscal multiplier effects do such policies have on creating local jobs? Traditionally, the view has been that possible job-creation effects of such state and local "demand-side" policies are smaller,...

The objective of this paper is to explore various relationships between self-reported life satisfaction and state public finance in the U.S. The paper focuses on both government expenditure and revenue (especially tax) structures. This paper is the first of its kind to examine the relationship...

Mit den Grundlagen für den kanadischen Föderalismus im CONSTITUTION ACT von 1867 wurden bereits mit der Staatsgründung die Machtbefugnisse und Einnahmenmöglichkeiten der Bundes- sowie der Provinzregierungen geregelt. Demnach verfügen die kanadischen Provinzen über relativ ausgedehnte...

Mit den Grundlagen für den kanadischen Föderalismus im CONSTITUTION ACT von 1867 wurden bereits mit der Staatsgründung die Machtbefugnisse und Einnahmenmöglichkeiten der Bundes- sowie der Provinzregierungen geregelt. Demnach verfügen die kanadischen Provinzen über relativ ausgedehnte...

The past two recessions have both proved alarming to state government finances. In 2001, a relatively shallow national recession led to a severe downturn in state revenues that took three years to unwind. In the wake of the recent economic downturn, signs of fiscal stress are readily apparent....

We study the fiscal and tax response to intergovernmental grants, exploiting quasi-experimental variation within Germany's fiscal equalization scheme triggered by Census revisions of official population counts. Municipal budgets do not adjust instantly. Instead, spending and investments adapt...

We study the impact of a one-off exogenous fiscal windfall on local public finances in the canton of Zurich in Switzerland. The windfall was due to the IPO of Glencore on the London Stock Exchange in 2011. As a result, its CEO paid an extraordinary tax bill of approximately CHF 360 million....

We study the impact of fiscal revenue shocks on local fiscal policy. We focus on the very volatile revenues from the immovable property gains tax in the canton of Zurich, Switzerland, and analyze fiscal behavior following large and rare positive and negative revenue shocks. We apply causal...

We study the fiscal and tax response to intergovernmental grants, exploiting quasi-experimental variation within Germany’s fiscal equalization scheme triggered by Census revisions of official population counts. Municipal budgets do not adjust instantly. Instead, spending and investments adapt...