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Fiscal federalism, fiscal consolidations and cuts in central government grants : evidence from an event study

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dc.creator Darby, Julia
dc.creator Muscatelli, Anton
dc.creator Roy, Graeme
dc.date 2004
dc.date.accessioned 2013-10-16T07:00:48Z
dc.date.available 2013-10-16T07:00:48Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18670
dc.identifier ppn:477374336
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18670
dc.description In this paper we examine financial interactions between tiers of government. Whilst most existing empirical evidence has focused on the US, it is difficult to generalize conclusions obtained to countries where the position and remit of lower tiers of government is evolving or is less clear constitutionally. Applying event study methodology to a dataset covering 15 countries we examine the timing, extent and composition of fiscal changes around consolidation attempts and central government grant cuts. Highlighting the participation of central and sub-central tiers of government, our analysis also sheds light on key outcomes, including decentralized service provision and macroeconomic adjustment.
dc.language eng
dc.publisher
dc.relation CESifo working papers 1305
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject H11
dc.subject E65
dc.subject E62
dc.subject H77
dc.subject ddc:330
dc.subject Finanzföderalismus
dc.subject Finanzausgleich
dc.subject Haushaltskonsolidierung
dc.subject Schätzung
dc.subject OECD-Staaten
dc.title Fiscal federalism, fiscal consolidations and cuts in central government grants : evidence from an event study
dc.type doc-type:workingPaper
dc.coverage 1970-1999


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