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Decentralization and overborrowing in a fiscal federation
Guo, Si; Pei, Yun; Xie, Zoe - 2018
-transfers, which distorts the central-local distribution of resources. Applying the model to fiscal decentralization, we find when … decentralization widens local governments' fiscal gap, borrowings by both local and central governments rise. Quantitatively, fiscal … decentralization accounts for from 19 percent to 40 percent of changes in general government debt in Spain during 1988-2006. A …
Persistent link: https://www.econbiz.de/10011895599
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Fiscal delegation in a monetary union with decentralized public spending
Basso, Henrique S.; Costain, James - 2016
In a monetary union, the interaction between several governments and a single central bank is plagued by several sources of deficit bias, including common pool problems. Each government has strong preferences over local spending and taxation but suffers only part of the costs of union-wide...
Persistent link: https://www.econbiz.de/10011434438
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Fiscal delegation in a Monetary Union with decentralized public spending
Basso, Henrique S.; Costain, James - In: CESifo economic studies : CESifo, a joint initiative of … 62 (2016) 2, pp. 256-288
In a monetary union, the interaction between several governments and a single central bank is plagued by several sources of deficit bias, including common pool problems. Each government has strong preferences over local spending and taxation but suffers only part of the costs of union-wide...
Persistent link: https://www.econbiz.de/10011576618
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Fiscal delegation in a monetary union : instrument assignment and stabilization properties
Basso, Henrique S.; Costain, James - 2017
Persistent link: https://www.econbiz.de/10011784210
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Debito pubblico e decentramento fiscale
Petrovich, Giuliano - In: Economia pubblica : the Italian journal of public … 29 (1999) 5, pp. 127-145
Persistent link: https://www.econbiz.de/10001480947
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Fiscal crises, decentralization, and indiscipline
Nakatani, Ryota - In: Scottish journal of political economy : the journal of … 70 (2023) 5, pp. 459-478
Persistent link: https://www.econbiz.de/10014437267
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A dynamic model of fiscal decentralization and public debt accumulation
Guo, Si; Pei, Yun; Xie, Zoe - In: Journal of public economics 212 (2022), pp. 1-21
Persistent link: https://www.econbiz.de/10013369646
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Fiscal autonomy and fiscal sustainability : subnational taxation and public indebtedness in contemporary Spain
Larin, Benjamin; Süssmuth, Bernd - 2014
This study assesses fiscal sustainability in contemporary Spain at the regional level. Spain consists of 17 autonomous regions, two fiscal regimes differing in taxing autonomy, and two path-dependent types of communities with more and less legislatively recognized autonomy. Three of the 17...
Persistent link: https://www.econbiz.de/10010337588
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Fiscal imbalances and fiscal effort of local governments
Di Liddo, Giuseppe; Longobardi, Ernesto; Porcelli, Francesco - In: The B.E. journal of economic analysis & policy 19 (2019) 3, pp. 1-7
Persistent link: https://www.econbiz.de/10012027292
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Fiscal decentralization and budget control
Daniels, Laura von - 2016
Persistent link: https://www.econbiz.de/10011546369