منابع مشابه
Efficient Fiscal Spending by Supranational Unions
We study fiscal spending by supranational unions, where participation is voluntary and countries bargain over contributions to and the allocation of a central budget. We establish and explore the link between the budget’s allocation and nations’ contributions that occurs since bargaining power is endogenous, and a country’s outside option during budget negotiations is to withdraw its contributi...
متن کاملThe Impact of Unions on Municipal Elections and Urban Fiscal Policies∗
The efficient decentralized provision of public goods requires that special interest groups, such as municipal unions, do not exercise undue influence on the outcome of municipal elections and local fiscal policies. We develop a new political economy model in which a union can endorse one of the candidates in a local election. A politician that prefers an inefficiently large public sector can, ...
متن کاملTogether or Separately? Issues on the Costs and Benefits of Political and Fiscal Unions
This paper shows that in American states balanced budget rules are effective in enforcing fiscal discipline but they have no costs in terms of increased output variability. More specifically, we show that tighter fiscal rules are associated with larger average surplus and lower cyclical variability of the budget balance. However, the lower flexibility of the budget balance does not affect state...
متن کاملThe Impact of Unions on Municipal Elections and Fiscal Policies in U.S. Cities∗
The efficient decentralized provision of public goods requires that special interest groups, such as municipal unions, do not exercise undue influence on the outcome of municipal elections and local fiscal policies. We develop a new political economy model in which two politicians face each other in a local election. A union can endorse one of the candidates and thus influence the outcome of an...
متن کامل1 Fiscal Flows , Fiscal Balance , and Fiscal Sustainability Richard
The search for “fiscal indicators” to provide a short-hand (and preferably quantitative) picture of the size, direction, and nature of intergovernmental finance – and, ideally, some guidance for policy designed to improve outcomes – appears to be neverending. “Fiscal balance” and “fiscal sustainability” are, for example, terms commonly heard in discussions of intergovernmental fiscal relations....
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2017
ISSN: 0002-8282
DOI: 10.1257/aer.20130817