Do Subnational Fiscal Rules Foster Fiscal Discipline? New Empirical Evidence from Europe

Do Subnational Fiscal Rules Foster Fiscal Discipline? New Empirical Evidence from Europe
This paper studies how fiscal rules interact with the intergovernmental fiscal framework to foster fiscal discipline among European subnational governments. We use political variables describing the fiscal attitudes of the central government as instruments to obtain consistent estimates of the impact of subnational fiscal rules on fiscal... READ MORE...

Publication date: April 2016
ISBN 9781484322031
$18.00

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