Konferenzbeitrag

Fiscal Supervision and the Soft Budget Constraint: Evidence from Germany

zu Verbundenen Objekten

We study the effectiveness of local borrowing regulations in maintaining fiscal sustainability and the effect of supervision over municipal budgeting on local debt using a panel on municipalities in Germany's most populous state of North Rhine-Westphalia from 2003 to 2011. The identification strategy relies on a differences-in-differences approach and exploits the fact that a reform making it temporarily more likely to prevent financial supervision was implemented gradually across municipalities. We find that relaxing supervision temporarily leads to higher dept per capita.

Sprache
Englisch

Erschienen in
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2014: Evidenzbasierte Wirtschaftspolitik - Session: Taxation I ; No. A15-V1

Klassifikation
Wirtschaft
State and Local Budget and Expenditures
State and Local Borrowing
General Regional Economics (includes Regional Data)

Ereignis
Geistige Schöpfung
(wer)
Christofzik, Désirée I.
Kessing, Sebastian G.
Ereignis
Veröffentlichung
(wer)
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
(wo)
Kiel und Hamburg
(wann)
2014

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

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Objekttyp

  • Konferenzbeitrag

Beteiligte

  • Christofzik, Désirée I.
  • Kessing, Sebastian G.
  • ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft

Entstanden

  • 2014

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