Fiscal Imbalances and Fiscal Effort of Local Governments
Giuseppe Di Liddo, Ernesto Longobardi, Francesco Porcelli
Abstract
Giuseppe Di Liddo, Ernesto Longobardi, Francesco Porcelli
Abstract
Abstract This paper deals with an important issue in the field of fiscal federalism, the effect of fiscal imbalances on the behaviour of sub-central governments. We provide a simple theoretical model that considers the effect of both forms of fiscal imbalances on the fiscal effort of local governments.
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Abstract This paper deals with an important issue in the field of fiscal federalism, the effect of fiscal imbalances on the behaviour of sub-central governments. We provide a simple theoretical model that considers the effect of both forms of fiscal imbalances on the fiscal effort of local governments.
Key concepts: Fiscal federalism, Economics, Fiscal union, Fiscal imbalance, Fiscal policy, Macroeconomics, Field (mathematics), Monetary economics