| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2680 |
| DP2680 Promises, Promises? | |
| Mathias Dewatripont; Juan Carrillo | |
| 发表日期 | 2001-01-30 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | We provide empirical estimates of the risksharing and redistributive properties of fiscal equalization among the states of the German federation. Fiscal equalization serves as a mechanism to insure state budgets against asymmetric revenue shocks, but provides almost no insurance against regional income shocks. Equalization responds only weakly to income differentials but strongly to tax revenue differentials across states. A further result is that the correlation of state tax revenues with state GDPs has declined over time. This may reflect a weakening in state tax efforts in response to the adverse incentive effects of fiscal equalization. |
| 主题 | International Macroeconomics ; Public Economics |
| 关键词 | Regional risk-sharing Fiscal federalism Monetary union |
| URL | https://cepr.org/publications/dp2680 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531738 |
| 推荐引用方式 GB/T 7714 | Mathias Dewatripont,Juan Carrillo. DP2680 Promises, Promises?. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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