Are fiscal adjustments less successful in decentralized governments?

A common political claim is that decentralized governments undermine policy makers' ability to fight fiscal imbalance. This paper examines how different fiscal institutions influence the likelihood of a successful fiscal adjustment. Using a panel of the Swiss cantons from 1981 to 2001, we first...

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Bibliographic Details
Main Authors: Schaltegger, Christoph A. (Author) , Feld, Lars P. (Author)
Format: Book/Monograph Working Paper
Language:English
Published: Munich Univ., Center for Economic Studies [u.a.] 2007
Series:CESifo working paper series Public finance 1946
In: CESifo working papers (1946)

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Author Notes:Christoph A. Schaltegger; Lars P. Feld
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Are fiscal adjustments less successful in decentralized governments? by Schaltegger, Christoph A. (Author) , Feld, Lars P. (Author) ,


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