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http://hdl.handle.net/2445/64966
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DC Field | Value | Language |
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dc.contributor.author | Claeys, Peter | - |
dc.contributor.author | Ramos Lobo, Raúl | - |
dc.contributor.author | Suriñach Caralt, Jordi | - |
dc.date.accessioned | 2015-04-13T11:59:08Z | - |
dc.date.available | 2015-04-13T11:59:08Z | - |
dc.date.issued | 2008-04 | - |
dc.identifier.issn | 1612-4804 | - |
dc.identifier.uri | http://hdl.handle.net/2445/64966 | - |
dc.description.abstract | This paper analyses how fiscal adjustment comes about when both central and sub-national governments are involved in consolidation. We test sustainability of public debt with a fiscal rule for both the federal and regional government. Results for the German Länder show that lower tier governments bear a relatively smaller part of the burden of debt consolidation, if they consolidate at all. Most of the fiscal adjustment occurs via central government debt. In contrast, both the US federal and state levels contribute to consolidation of public finances. | - |
dc.format.extent | 25 p. | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | eng | - |
dc.publisher | Springer Verlag | - |
dc.relation.isformatof | Versió postprint del document publicat a: http://dx.doi.org/10.1007/s10368-008-0112-1 | - |
dc.relation.ispartof | International Economics and Economic Policy, 2008, vol. 5, num. 1-2, p. 139-163 | - |
dc.relation.uri | http://dx.doi.org/10.1007/s10368-008-0112-1 | - |
dc.rights | (c) Springer Verlag, 2008 | - |
dc.source | Articles publicats en revistes (Econometria, Estadística i Economia Aplicada) | - |
dc.subject.classification | Política fiscal | - |
dc.subject.classification | Deute públic | - |
dc.subject.classification | Anàlisi d'impacte econòmic | - |
dc.subject.classification | Inversions | - |
dc.subject.classification | Macroeconomia | - |
dc.subject.classification | Federalisme | - |
dc.subject.other | Fiscal policy | - |
dc.subject.other | Public debt | - |
dc.subject.other | Economic impact analysis | - |
dc.subject.other | Investments | - |
dc.subject.other | Macroeconomics | - |
dc.subject.other | Federalism | - |
dc.title | Fiscal sustainability across government tiers: an assessment of soft budget constraints | - |
dc.type | info:eu-repo/semantics/article | - |
dc.type | info:eu-repo/semantics/acceptedVersion | - |
dc.identifier.idgrec | 557408 | - |
dc.date.updated | 2015-04-13T11:59:09Z | - |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | - |
Appears in Collections: | Articles publicats en revistes (Econometria, Estadística i Economia Aplicada) |
Files in This Item:
File | Description | Size | Format | |
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557408.pdf | 206.45 kB | Adobe PDF | View/Open |
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