Do Subnational Fiscal Rules Foster Fiscal Discipline? New Empirical Evidence from Europe

Released on by Ananya Kotia
preview-18

  • Do Subnational Fiscal Rules Foster Fiscal Discipline? New Empirical Evidence from Europe Book Detail

  • Author : Ananya Kotia
  • Release Date : 2016-04-07
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 37
  • ISBN 13 : 1484322037
  • File Size : 51,51 MB
DOWNLOAD BOOK

Do Subnational Fiscal Rules Foster Fiscal Discipline? New Empirical Evidence from Europe by Ananya Kotia PDF Summary

Book Description: This paper studies how fiscal rules interact with the intergovernmental fiscal framework to foster fiscal discipline among European subnational governments. We use political variables describing the fiscal attitudes of the central government as instruments to obtain consistent estimates of the impact of subnational fiscal rules on fiscal balances. The results suggest that the discipline-enhancing effect of fiscal rules is weaker when there are large “vertical fiscal imbalances” that is, large differences in revenue and spending assignments across the different levels of government. These findings imply that separate reforms to reduce excessive vertical fiscal imbalances complement a rules-based fiscal framework that is aimed at fostering fiscal discipline.

Disclaimer: www.yourbookbest.com does not own Do Subnational Fiscal Rules Foster Fiscal Discipline? New Empirical Evidence from Europe books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Designing a European Fiscal Union

Designing a European Fiscal Union

File Size : 72,72 MB
Total View : 8078 Views
DOWNLOAD

Does the European Union need closer fiscal integration, and in particular a stronger fiscal centre, to become more resilient to economic shocks? This book looks

How to Design Subnational Fiscal Rules

How to Design Subnational Fiscal Rules

File Size : 93,93 MB
Total View : 6091 Views
DOWNLOAD

This note discusses how to design subnational fiscal rules, including how to select them and calibrate them. It expands on the guidance provided at the national

Local Public Finance

Local Public Finance

File Size : 71,71 MB
Total View : 8011 Views
DOWNLOAD

This book is based upon a comparative public administration research project, initiated by the Hertie School of Governance (Germany) and the Bertelsmann Foundat