Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/27681 
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dc.contributor.authorPlachta, Robert C.en
dc.date.accessioned2009-08-12T07:39:43Z-
dc.date.available2009-08-12T07:39:43Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aFinanzwissenschaftliches Forschungsinstitut an der Universität zu Köln (FiFo Köln) |cKöln en
dc.relation.ispartofseries|aFiFo-CPE Discussion Paper |x08-8en
dc.subject.jelH7en
dc.subject.jelE62en
dc.subject.ddc330en
dc.subject.keywordFiscal federalismen
dc.subject.keywordpublic debten
dc.subject.keywordsoft budget constrainten
dc.subject.keywordfiscal equalisationen
dc.subject.keywordtax competitionen
dc.subject.stwHorizontaler Finanzausgleichen
dc.subject.stwFinanzföderalismusen
dc.subject.stwLänderfinanzenen
dc.subject.stwBudgetrestriktionen
dc.subject.stwSteuerwettbewerben
dc.subject.stwÖffentliche Schuldenen
dc.subject.stwTheorieen
dc.titleFiscal Equalisation and the Soft Budget Constraint-
dc.typeWorking Paperen
dc.identifier.ppn587370688en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:uoccpe:7451en

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