[PDF] Top 20 Fiscal Stabilization in Local Governments.

... state governments at one point in time, which cannot capture changes over time and does not have the advantages of using panel data to estimate a longitudinal ...the fiscal stress outcome ... See full document

... Sweden adopted a ceiling on non-interest expenditures of the central government in 1997 [Swedish Government (2011)]. This ceiling is coupled with a net lending—surplus inclusive of interest expenses—target specified as a ... See full document

... Further illustration of this problem of foreign country exchange rate preferences can be seen in the current debate about ‘global imbalances’. The Chinese government intervenes in currency markets to stabilize the value ... See full document

... Different fiscal decentralization indicators and public health expenditure indicators will get inconsistent conclusions, indicating that the supply mechanism of public health expenditure should be analyzed from ... See full document

... of fiscal expenditure is because the differences in the total amount of the total transfer payments are large and the individual differences are large within the time ... See full document

... governments) comparable capacities to provide local public services without imposing different tax burdens on their populations. The representative tax system, or RTS, is the standard approach used to ... See full document

... for local government decentralization: on the one hand, the resistance of provincial governments to lose fiscal powers in favor of lower levels of government; on the other hand, direct interference ... See full document

... the fiscal performance of the general ...overall fiscal position for two basic reasons: first, decentralization itself leads to several taxation tiers in a country; and second, the larger the autonomy of ... See full document

... under-provincial local governments have little if any arbitrary power to adjust tax ...of fiscal revenue caused by the TSS reform, many provinces similarly introduced intrapro- vincial fiscal ... See full document

... mon fiscal rules and policies that have developed as a response to the financial and economic crisis in order to enable countries better overcome country specific shocks under conditions of monetary ...the ... See full document

... local governments took an advantage because the central government didn’t have enough money for the national pooling and didn’t want to burden the whole responsibility as there weren’t a clear number of the ... See full document

... We build on former work (see Dolls et al. 2012) which investigates the magnitude of automatic stabilizers inherent in the tax and transfer systems of 19 EU countries plus the US 1 . We relate these estimates of automatic ... See full document

... the stabilization of inflation by a sole central bank and the stabilization of fiscal policies through country-specific discretionary fiscal policy ...national fiscal policies will not ... See full document

... the local market. The government’s decision to slowly liberalize the local oil market has triggered mixed responses from the public, particularly households and business ...discretionary fiscal ... See full document

... the fiscal federalism literature there is a long standing debate on the expected effects of fiscal decentralization on the size of the government as well as its ...the local governments ... See full document

... of fiscal stimulus measure is, if any, small during the lost decades in ...by local governments which occupies a substantial portion of the total ...of fiscal stim- ulus ...the fiscal ... See full document

... in fiscal decentralization literature to consider the existence of a relationship between transfers and fiscal ...on fiscal effort are based on descriptive statistics like comparing evolution of tax ... See full document

... current fiscal position and fiscal policy are the result of a process, in which strategies of reaction to exogenous factors have been combined, in various doses and at various moments, with perfect ... See full document

... Factors that supported and were supported by this role were the predominance of fiscal policy in macro stabilization, the close control that governments exerted on interest and exchange [r] ... See full document

... regional fiscal revenue in ...regional fiscal revenue have a cer- tain tendency of narrowing (Ma Xiao and others, 2012) ...regional fiscal revenue brought by central transfer ...to local ... See full document