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governments accounting for a sizable share of expenditures. We analyze how state partisanship of politicians affects state fiscal …, we find strong partisanship effects in the marginal propensity to spend federal transfers, the so-called y-paper effect … partisan differences to the less-polarized pre-Reagan era would increase the transfer multiplier by about 30 cents per dollar …
Persistent link: https://www.econbiz.de/10012287838
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 …
Persistent link: https://www.econbiz.de/10014048858
Cooperative fiscal federalism needs a multi-level consent to decide on the allocation of intergovernmental transfers … transfers to municipal governments under this type of federalism. Using a regression discontinuity design in close electoral … supporting the swing voter hypothesis, our results suggest that federalism inherently entails restrictions for misusing …
Persistent link: https://www.econbiz.de/10012291881
Cooperative fiscal federalism needs a multi-level consent to decide on the allocation of intergovernmental transfers … transfers to municipal governments under this type of federalism. Using a regression discontinuity design in close electoral … supporting the swing voter hypothesis, our results suggest that federalism inherently entails restrictions for misusing …
Persistent link: https://www.econbiz.de/10013315289
Cooperative fiscal federalism needs a multi-level consent to decide on the allocation of intergovernmental transfers … transfers to municipal governments under this type of federalism. Using a regression discontinuity design in close electoral … supporting the swing voter hypothesis, our results suggest that federalism inherently entails restrictions for misusing …
Persistent link: https://www.econbiz.de/10013399870
To understand how intergovernmental relations affect political budget cycles (PBCs) within federal countries, we model the credibility problems of discretionary fiscal policy in combination with a national incumbent that favors aligned districts. Analyzing Argentina's provinces during the...
Persistent link: https://www.econbiz.de/10011568866
Persistent link: https://www.econbiz.de/10012372796
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 …
Persistent link: https://www.econbiz.de/10012909989
We propose a theory of tax centralization in politico-economic equilibrium. Taxation has dynamic general equilibrium implications which are rationally internalized at the federal, but not at the regional level. The political support for taxation therefore differs across levels of government....
Persistent link: https://www.econbiz.de/10011810615
the possible evolution of the integration process in the euro area toward fiscal federalism and fiscal union as a way to …
Persistent link: https://www.econbiz.de/10012027105