Arbeitspapier
Vertical Effects of Fiscal Rules - The Swiss Experience
Formal fiscal rules have been introduced in many countries throughout the world. While most studies focus on intra]jurisdictional effects of fiscal rules, vertical impacts on the finances of other levels of governments have yet to be explored thoroughly. The paper investigates the influence of Swiss cantonal debt brakes on municipal finances during the years 1980]2011 by examining cantonal aggregated and disaggregated local data. A Difference]in]Differences estimation (two-way fixed effects) provides little evidence that budget constraints at the cantonal level affect municipal finances and fiscal decentralization, respectively.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 5043
- Klassifikation
-
Wirtschaft
National Budget, Deficit, and Debt: General
Intergovernmental Relations; Federalism; Secession
State and Local Borrowing
State and Local Budget and Expenditures
- Thema
-
fiscal rules
vertical effects
fiscal shocks
decentralization
sub-national finances
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Burret, Heiko T.
Feld, Lars P.
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2014
- 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
- Burret, Heiko T.
- Feld, Lars P.
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2014
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