Fiscal Incentive Effects of the German Equalization System

Fiscal Incentive Effects of the German Equalization System
Does reliance on transfers weaken fiscal discipline and encourage pro-cyclical fiscal policies in recipient subnational governments? Using fiscal reaction functions for a panel of the German Länder, this paper finds a positive answer to both questions. Net-recipient states (Länder, benefiting from the transfer system) have not reduced primary... READ MORE...

Publication date: June 2009
ISBN 9781451872712
$18.00

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