Fiscal Incentive Effects of the German Equalization System /

Does reliance on transfers weaken fiscal discipline and encourage pro-cyclical fiscal policies in recipient subnational governments? Using fiscal reaction functions for a panel of the German Lander, this paper finds a positive answer to both questions. Net-recipient states (Lander, benefiting from t...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Stehn, Sven Jari
مؤلفون آخرون: Fedelino, Annalisa
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2009.
سلاسل:IMF Working Papers; Working Paper ; No. 2009/124
الوصول للمادة أونلاين:Full text available on IMF