Although the study of federalism has become one of the most intensely studied areas in economics and political science, no consensus has emerged on the impact of fiscal federalism on macroeconomic performance. I focus on one specific element of the debate -the role of fiscally federal institutions i
The influence of federalism on fiscal policy making
✍ Scribed by Dietmar Braun; Anne-Béatrice Bullinger; Sonja Wälti
- Book ID
- 108574773
- Publisher
- Springer
- Year
- 2002
- Tongue
- English
- Weight
- 119 KB
- Volume
- 41
- Category
- Article
- ISSN
- 2047-8852
No coin nor oath required. For personal study only.
📜 SIMILAR VOLUMES
Using a small theoretical model it is first shown that it is reasonable to limit public deficit and debt in relation to GDP in the long-run. Then we describe fiscal institutions called 'debt brakes' which are designed to prevent public deficit and debt from going off course. We present some models w
In this paper I build a simple model to analyze the consequences that population growth imposes on the relative needs of expenditure of governments in a fiscal federalism setup. I assume, first, that some government expenditure items can be classified according to the age of their recipient individu