[PDF] Top 20 Fiscal behaviour in the european union rules, Fiscal decentralization and government indebtedness

... to the number of units in the panel (27countries), it then important to check for the absence of a bias related to the dynamic ...specification. In particular, if the ... See full document

... long-term fiscal developments. By analyzing the time varying behaviour of the two components of government spending and revenue – responsiveness and persistence – we are ... See full document

... altruism, and also that they have a fairly good perception about the future taxes needed to repay the present increase in public ...today and more taxes ...effects and ... See full document

... whether the responsiveness of primary budget balances to changes in the debt is hindered by the political ...cycle. In other words it might be relevant to see whether the ... See full document

... by the European Commission 1 points to significant heterogeneity of national fiscal frameworks within the European Union and suggests that ‘stronger’ fiscal ... See full document

... federal government is largely influential in several ...Consequently, the notion of ‘unitary federation’ comes to the surface (Spahn ...finding, the federal Constitution does not ... See full document

... countries and international organisations dwell upon with some regularity 2 ...At the beginning of the 1920s, when writing about the public debt problem faced by France, Keynes (1923, ... See full document

... conflict. In their work, they show how even in a situation where everybody benefits and agrees with a reform, it may still be delayed in a context of uncertainty about relative ...because ... See full document

... encourages the disclosure of hidden fiscal transactions in the year-end fiscal report, such as off-budget, extra-budget, and off-balance sheet related entries (IPSASB, ...2016). ... See full document

... Endogenous labor choice ⇒ consumption and labor income taxes are distorting.. “Fiscal Sustainability Rule” insures that intertemporal government budget constraint is satisfied...[r] ... See full document

... - and the ageing of the population because of low birth rates is perhaps the most worrying ...instance, the ageing associated to longer life expectancy, or the increase of ... See full document

... examine the relationship between the fiscal performance and elections results, we test whether the electoral fortunes of the incumbents are affected by a set of fiscal ... See full document

... In the last decade, several studies in the economic literature have assessed fiscal policy ...analyze the responsiveness of fiscal policy, that is, the response of ... See full document

... ofplanning and developmentunder the control ofcertain partiesarebodiesplanningindifferent countries, andis embodiedministriesorplanningcouncilsin most countries, and itshall issue its decisionsto ... See full document

... evaluate the success of fiscal consolidations, some authors estimate Logit and Probit ...McDermott and Westcott (1996) estimate Logit models for the OECD ...countries. The ... See full document

... Besides the possibility to finance capital expenditure, local government loans can also serve to cover temporary cash flow deficits resulted from different timings in collecting receipts and ... See full document

... The use of gold for fiscal purposes, to service externai debt obligations, allowed the government to maintain a very orthodox fiscal policy by using these tied-up resources; thus[r] ... See full document

... to the present tax legislation profit and wages are the most ...Accordingly, the more a firm is more profitable, the tax burden borned by the economic agent is ...higher. ... See full document

... cidadania fiscal e a Educação Fiscal nas escolas pú- blicas e particulares, no intuito de as crianças já crescerem sa- bendo com o que é que se dá e como se paga tributo, ... See full document

... from the supply-side explanation for the effect of fiscal decentralisation on the size of government, in the absence of a formal structural model of the size of ... See full document