Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/100315
Authors: 
Christofzik, Désirée I.
Kessing, Sebastian G.
Year of Publication: 
2014
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2014: Evidenzbasierte Wirtschaftspolitik - Session: Taxation I A15-V1
Abstract: 
We study the effectiveness of local borrowing regulations in maintaining fiscal sustainability and the effect of supervision over municipal budgeting on local debt using a panel on municipalities in Germany's most populous state of North Rhine-Westphalia from 2003 to 2011. The identification strategy relies on a differences-in-differences approach and exploits the fact that a reform making it temporarily more likely to prevent financial supervision was implemented gradually across municipalities. We find that relaxing supervision temporarily leads to higher dept per capita.
JEL: 
H72
H74
R10
Document Type: 
Conference Paper

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