Add to ORKGThis 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
This paper studies whether the public debt policies of former West German states from 1975 until 200...
This paper contributes to the established literature on fiscal consolidations by investigating the d...
This paper contributes to the established literature on fiscal consolidations by investigating the d...
This paper analyses how fiscal adjustment comes about when both central and sub-national governments...
This paper analyses how fiscal adjustment comes about when both central and sub-national governments...
Abstract: This paper analyses how fiscal adjustment comes about when both central and sub-national g...
This paper analyses how fiscal adjustment comes about when both central and sub-national governments...
This paper analyses how fiscal adjustment comes about when both central and sub-national governments...
This paper analyses how fiscal adjustment comes about when both central and sub-national governments...
This paper investigates the relationship between fiscal decentralization and budgetary performance i...
This paper analyzes the relationship between fiscal decentralization, the duration of fiscal consoli...
This paper analyzes the relationship between fiscal decentralization, the duration of fiscal consoli...
This article examines effectiveness of sub-national borrowing control regimes in maintaining overall...
In this paper we examine financial interactions between tiers of government. Whilst most existing em...
This study explores the financial sustainability of subnational governments in four different countr...
This paper studies whether the public debt policies of former West German states from 1975 until 200...
This paper contributes to the established literature on fiscal consolidations by investigating the d...
This paper contributes to the established literature on fiscal consolidations by investigating the d...
This paper analyses how fiscal adjustment comes about when both central and sub-national governments...
This paper analyses how fiscal adjustment comes about when both central and sub-national governments...
Abstract: This paper analyses how fiscal adjustment comes about when both central and sub-national g...
This paper analyses how fiscal adjustment comes about when both central and sub-national governments...
This paper analyses how fiscal adjustment comes about when both central and sub-national governments...
This paper analyses how fiscal adjustment comes about when both central and sub-national governments...
This paper investigates the relationship between fiscal decentralization and budgetary performance i...
This paper analyzes the relationship between fiscal decentralization, the duration of fiscal consoli...
This paper analyzes the relationship between fiscal decentralization, the duration of fiscal consoli...
This article examines effectiveness of sub-national borrowing control regimes in maintaining overall...
In this paper we examine financial interactions between tiers of government. Whilst most existing em...
This study explores the financial sustainability of subnational governments in four different countr...
This paper studies whether the public debt policies of former West German states from 1975 until 200...
This paper contributes to the established literature on fiscal consolidations by investigating the d...
This paper contributes to the established literature on fiscal consolidations by investigating the d...