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dc.contributor.authorPlachta, Robert C.en_US
dc.date.accessioned2009-08-12T07:39:43Z-
dc.date.available2009-08-12T07:39:43Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/27681-
dc.description.abstractThis paper assesses the interactions of horizontal fiscal equalisation schemes with debt policy by sovereign regional governments. Local public goods are either financed by debt or taxation. A horizontal equalisation scheme eleviates regional public revenue disparities under horizontal and vertical tax competition. We show that fiscal equalisation schemes have no impact on the optimal central government grant whereas they can either soften or harden the regional budget constraint depending on the specific formulae. Revenue equalisation softens the budget constraint whereas tax base equalisation hardens the budget constraint of poor states.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesFinanzwissenschaftliche Diskussionsbeiträge / Finanzwissenschaftliches Forschungsinstitut an der Universität zu Köln 08-8en_US
dc.subject.jelH7en_US
dc.subject.jelE62en_US
dc.subject.ddc330en_US
dc.subject.keywordFiscal federalismen_US
dc.subject.keywordpublic debten_US
dc.subject.keywordsoft budget constrainten_US
dc.subject.keywordfiscal equalisationen_US
dc.subject.keywordtax competitionen_US
dc.subject.stwHorizontaler Finanzausgleichen_US
dc.subject.stwFinanzföderalismusen_US
dc.subject.stwLänderfinanzenen_US
dc.subject.stwBudgetrestriktionen_US
dc.subject.stwSteuerwettbewerben_US
dc.subject.stwÖffentliche Schuldenen_US
dc.subject.stwTheorieen_US
dc.titleFiscal Equalisation and the Soft Budget Constrainten_US
dc.typeWorking Paperen_US
dc.identifier.ppn587370688en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:uoccpe:7451-
Appears in Collections:FiFo Discussion Papers, Finanzwissenschaftliches Forschungsinstitut, Universität Köln

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