Passing the Buck? Central and Sub-national Governments in Times of Fiscal Stress:
The paper explores interrelations between the fiscal situation of sub-national and central governments, or - put differently - whether and how sub-national and central governments contribute to each other's fiscal difficulties. The first part of the paper examines sub-national government polici...
Gespeichert in:
| Beteilige Person: | |
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| Weitere beteiligte Personen: | , |
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Paris
OECD Publishing
2013
|
| Schriftenreihe: | OECD Regional Development Working Papers
|
| Schlagwörter: | |
| Links: | https://doi.org/10.1787/5k49df1kr95l-en |
| Zusammenfassung: | The paper explores interrelations between the fiscal situation of sub-national and central governments, or - put differently - whether and how sub-national and central governments contribute to each other's fiscal difficulties. The first part of the paper examines sub-national government policies that may negatively affect the fiscal situation of the central government. Based on a new cross-country data-set at the level of individual regions, it examines structural factors that increase the probability of sub-national entities accumulating amounts of debt that may ultimately turn out to be unsustainable. The underlying idea is to explore to what degree such debt levels could result from moral hazard-driven behaviour at the regional level. The second part of the paper examines whether and how national governments hand the burden of fiscal adjustment down to sub-national levels, mainly looking at examples from the wave of fiscal adjustments in the wake of the 2007-09 global financial crisis |
| Umfang: | 1 Online-Ressource (33 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5k49df1kr95l-en |
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| id | DE-604.BV047935140 |
| illustrated | Not Illustrated |
| indexdate | 2025-01-11T15:45:50Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033316633 |
| oclc_num | 1312708831 |
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| physical | 1 Online-Ressource (33 Seiten) 21 x 29.7cm |
| psigel | ZDB-13-SOC |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Regional Development Working Papers |
| spellingShingle | Ahrend, Rudiger Passing the Buck? Central and Sub-national Governments in Times of Fiscal Stress Governance Urban, Rural and Regional Development |
| title | Passing the Buck? Central and Sub-national Governments in Times of Fiscal Stress |
| title_auth | Passing the Buck? Central and Sub-national Governments in Times of Fiscal Stress |
| title_exact_search | Passing the Buck? Central and Sub-national Governments in Times of Fiscal Stress |
| title_full | Passing the Buck? Central and Sub-national Governments in Times of Fiscal Stress Rudiger Ahrend, Marta Curto-Grau and Camila Vammalle |
| title_fullStr | Passing the Buck? Central and Sub-national Governments in Times of Fiscal Stress Rudiger Ahrend, Marta Curto-Grau and Camila Vammalle |
| title_full_unstemmed | Passing the Buck? Central and Sub-national Governments in Times of Fiscal Stress Rudiger Ahrend, Marta Curto-Grau and Camila Vammalle |
| title_short | Passing the Buck? Central and Sub-national Governments in Times of Fiscal Stress |
| title_sort | passing the buck central and sub national governments in times of fiscal stress |
| topic | Governance Urban, Rural and Regional Development |
| topic_facet | Governance Urban, Rural and Regional Development |
| url | https://doi.org/10.1787/5k49df1kr95l-en |
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