The Role of Fiscal Transfers in Smoothing Regional Shocks : Evidence from Existing Federations /
We assess the extent to which fiscal transfers smooth regional shocks in three large federations: the U.S., Canada, and Australia. We find that fiscal transfers offset 4-11 percent of idiosyncratic shocks (risk-sharing) and 13-24 percent of permanent shocks (redistribution). This fiscal insurance la...
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| Kolejni autorzy: | , |
| Format: | Czasopismo |
| Język: | English |
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Washington, D.C. :
International Monetary Fund,
2016.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2016/141 |
| Dostęp online: | Full text available on IMF |