dc.contributor |
Xarxa de Referència en Economia Aplicada (XREAP) |
dc.contributor.author |
Claeys, Peter |
dc.contributor.author |
Ramos Lobo, Raúl |
dc.contributor.author |
Suriñach Caralt, Jordi |
dc.date.accessioned |
2008-12-31T11:09:23Z |
dc.date.accessioned |
2021-01-20T16:46:59Z |
dc.date.available |
2008-12-31T11:09:23Z |
dc.date.available |
2021-01-20T16:46:59Z |
dc.date.issued |
2007 |
dc.identifier.uri |
http://hdl.handle.net/2072/13036 |
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 |
34 p. |
dc.format.extent |
800904 bytes |
dc.format.mimetype |
application/pdf |
dc.language.iso |
eng |
dc.publisher |
Xarxa de Referència en Economia Aplicada (XREAP) |
dc.relation.isformatof |
Reproducció digital del document publicat en format paper |
dc.relation.ispartofseries |
XREAP;2007-14 |
dc.rights |
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i la xarxa i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/) |
dc.subject.other |
Administració central |
dc.subject.other |
Administració local |
dc.subject.other |
Finances públiques |
dc.subject.other |
Pressupost |
dc.subject.other |
Relacions fiscals intergovernamentals |
dc.title |
Fiscal sustainability across government tiers |
dc.type |
info:eu-repo/semantics/workingPaper |
dc.subject.udc |
33 - Economia |
dc.subject.udc |
332 - Economia regional i territorial. Economia del sòl i de la vivenda |