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FISCAL DECENTRALIZATION AND THE BUSINESS CYCLE: AN EMPIRICAL STUDY OF SEVEN FEDERATIONS
FISCAL DECENTRALIZATION THE BUSINESS CYCLE
2015/6/8
We examine the cyclicality of budget
items among provincial governments in seven federations, showing that
own-source taxes are generally highly procyclical, and contrary to
common wisdom, revenue ...
Fiscal Policy over the Real Business Cycle: A Positive Theory
fi scal policy business cycle budget
2014/3/12
This paper explores the implications of the political economy model of Battaglini and Coate (2008)
for the behavior of fiscal policy over the business cycle. The model predicts that fisca...