Arbeitspapier
Asymmetric and non-linear adjustments in local fiscal policy
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 2550
- Klassifikation
-
Wirtschaft
Structure and Scope of Government: General
State and Local Taxation, Subsidies, and Revenue
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- Thema
-
Fiscal federalism
fly-paper effect
non-linear time-series
asymmetric adjustment
Kommunale Finanzpolitik
Flypaper-Effekt
Schätzung
Italien
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Legrenzi, Gabriella Deborah
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Legrenzi, Gabriella Deborah
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2009
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