@techreport{Darby2004Fiscal,
abstract = {In this paper we examine financial interactions between tiers of government. Whilst most
existing empirical evidence has focused on the US, it is difficult to generalize conclusions
obtained to countries where the position and remit of lower tiers of government is evolving or
is less clear constitutionally. Applying event study methodology to a dataset covering 15
countries we examine the timing, extent and composition of fiscal changes around
consolidation attempts and central government grant cuts. Highlighting the participation of
central and sub-central tiers of government, our analysis also sheds light on key outcomes,
including decentralized service provision and macroeconomic adjustment.},
author = {Julia Darby and Anton Muscatelli and Graeme Roy},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {H11; E65; E62; H77; 330; Finanzf\"{o}deralismus; Finanzausgleich; Haushaltskonsolidierung; Sch\"{a}tzung; OECD-Staaten},
language = {eng},
number = {1305},
title = {Fiscal federalism, fiscal consolidations and cuts in central government grants : evidence from an event study},
type = {CESifo working papers},
url = {http://hdl.handle.net/10419/18670},
year = {2004}
}
