We analyse the revenue-expenditure patterns of local governments, allowing for asymmetric and non-linear adjustments of local spending and taxation to disequilibrium errors. Our results provide evidence of a downward inflexibility of both local government spending and local taxation, pointing to a budget-maximising local government.fiscal federalism, fly-paper effect, non-linear time-series, asymmetric adjustment
Much empirical evidence finds that governments react to fiscal imbalances in a non-linear way, throu...
We analyse how fiscal decentralization affects the volatility of government consumption extending th...
In this paper we characterise fiscal policy in terms of non-linear processes. We find that governmen...
The purpose of this paper is to empirically analyse the revenue-expenditure models of public financ...
This paper provides evidence that the Italian public finances are sustainable, as the country meets ...
This thesis proposes three distinct contribution to the field of economic analysis on local governme...
Previous literature widely assumes that taxes are optimized in local públic finance while expenditur...
The dynamic fiscal policy adjustment of local jurisdictions is investigated empirically using a pane...
A relevant mismatch between tax and expenditure decentralization characterizes many industrialized c...
Empirical evidence shows that fiscal multipliers depend on the state of the cycle, the nature of fis...
A relevant mismatch between tax and expenditure decentralization characterizes many industrialized c...
The dynamic fiscal policy adjustment of local jurisdictions is investigated empirically using a pane...
We analyse how fiscal decentralization affects the volatility of government consumption extending th...
The empirical observation that federal grants are shifted into local spending has been challenged by...
We apply a regression discontinuity design to verify how constitutional rules, such aselectoral syst...
Much empirical evidence finds that governments react to fiscal imbalances in a non-linear way, throu...
We analyse how fiscal decentralization affects the volatility of government consumption extending th...
In this paper we characterise fiscal policy in terms of non-linear processes. We find that governmen...
The purpose of this paper is to empirically analyse the revenue-expenditure models of public financ...
This paper provides evidence that the Italian public finances are sustainable, as the country meets ...
This thesis proposes three distinct contribution to the field of economic analysis on local governme...
Previous literature widely assumes that taxes are optimized in local públic finance while expenditur...
The dynamic fiscal policy adjustment of local jurisdictions is investigated empirically using a pane...
A relevant mismatch between tax and expenditure decentralization characterizes many industrialized c...
Empirical evidence shows that fiscal multipliers depend on the state of the cycle, the nature of fis...
A relevant mismatch between tax and expenditure decentralization characterizes many industrialized c...
The dynamic fiscal policy adjustment of local jurisdictions is investigated empirically using a pane...
We analyse how fiscal decentralization affects the volatility of government consumption extending th...
The empirical observation that federal grants are shifted into local spending has been challenged by...
We apply a regression discontinuity design to verify how constitutional rules, such aselectoral syst...
Much empirical evidence finds that governments react to fiscal imbalances in a non-linear way, throu...
We analyse how fiscal decentralization affects the volatility of government consumption extending th...
In this paper we characterise fiscal policy in terms of non-linear processes. We find that governmen...