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Fiscal incentive effects of the German equalization system /
Does reliance on transfers weaken fiscal discipline and encourage pro-cyclical fiscal policies in recipient subnational governments? Using fiscal reaction functions for a panel of the German Länder, this paper finds a positive answer to both questions. Net-recipient states (Länder, benefiting from...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2009.
|
| Colección: | IMF working paper ;
WP/09/124. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Stehn, Sven Jari, |e author. | |
| 245 | 1 | 0 | |a Fiscal incentive effects of the German equalization system / |c prepared by Sven Jari Stehn and Annalisa Fedelino. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2009. | ||
| 300 | |a 1 online resource (29 pages) : |b color illustrations. | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 340 | |g polychrome. |2 rdacc |0 http://rdaregistry.info/termList/RDAColourContent/1003 | ||
| 347 | |a text file |2 rdaft |0 http://rdaregistry.info/termList/fileType/1002 | ||
| 490 | 1 | |a IMF working paper, |x 2227-8885 ; |v WP/09/124 | |
| 500 | |a At head of title: Fiscal Affairs Department. | ||
| 500 | |a "June 2009." | ||
| 504 | |a Includes bibliographical references (pages 27-29). | ||
| 588 | 0 | |a Print version record. | |
| 520 | |a Does reliance on transfers weaken fiscal discipline and encourage pro-cyclical fiscal policies in recipient subnational governments? Using fiscal reaction functions for a panel of the German Länder, this paper finds a positive answer to both questions. Net-recipient states (Länder, benefiting from the transfer system) have not reduced primary expenditure significantly in response to rising deficits, but have instead relied on vertical transfers from the federal government to ensure debt sustainability. Moreover, they have pursued pro-cyclical policies, particularly by raising expenditures in g. | ||
| 506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
| 533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2011. |5 MiAaHDL | ||
| 538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 583 | 1 | |a digitized |c 2011 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 505 | 0 | |a I. Introduction; II. Fiscal Discipline and Fiscal Transfers: A Difficult Nexus; Figures; 1. Subnational Shares in Total Spending and Revenue, 2006; 2. Comparative Composition of Subnational Revenue; A. Germany's Transfer System; 3. Net Contributing and Net Receiving Länder; 4. Evolution of the Transfer System; B. Potential Implications of Transfers; 5. Debt by Government Level; 6: Länder Debt; III. Framework, Methodology, and Data; A. The Inter-Temporal Budget Constraint; B. Cyclicality; C. Data; IV. Empirical Analysis; Tables; 1. Germany: Descriptive Statistics, 1985-2007. | |
| 505 | 8 | |a A. Univariate Analysis: Fiscal Reaction Functions2. Fiscal Behavior of the Old Länder, 1985-2007; 3. Behavior of Primary Expenditure for Länder, 1985-2007; 4. Robustness Check I: Behavior of Primary Expenditure for Länder, 1985-2007; B. Multivariate Analysis: VARs; 5. Robustness Check II: Behavior of Primary Expenditure; 7. Länder Behavior and Average Received Transfers, 1985-2007; 8. Output Gap Shock; V. Policy Implications and Conclusions; 9. Primary Spending Shock; Appendix I; Appendix Table 6: Unit root tests; References. | |
| 546 | |a English. | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Fiscal policy |z Germany. | |
| 650 | 6 | |a Politique fiscale |z Allemagne. | |
| 650 | 7 | |a Fiscal policy |2 fast | |
| 651 | 7 | |a Germany |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJtCD3rcKcPDx6FHmjvrbd | |
| 650 | 7 | |a Finanzföderalismus. |2 stw | |
| 650 | 7 | |a Finanzpolitik. |2 stw | |
| 650 | 7 | |a Nachhaltigkeit. |2 stw | |
| 650 | 7 | |a Deutschland. |2 stw | |
| 700 | 1 | |a Fedelino, Annalisa, |e author. | |
| 710 | 2 | |a International Monetary Fund. |b Fiscal Affairs Department. | |
| 758 | |i has work: |a Fiscal incentive effects of the German equalization system (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGfYBQkk9dvpcYJVtYwmcX |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Stehn, Sven Jari. |t Fiscal incentive effects of the German equalization system. |d [Washington, D.C.] : International Monetary Fund, ©2009 |w (OCoLC)550640830 |
| 830 | 0 | |a IMF working paper ; |v WP/09/124. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1608322 |z Texto completo |
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| 938 | |a YBP Library Services |b YANK |n 11617913 | ||
| 994 | |a 92 |b IZTAP | ||