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From Containment to Rationalization

From Containment to Rationalization »

Source: From Containment to Rationalization

Volume/Issue: 2016/7

Series: IMF Working Papers

Author(s): Jean-Jacques Hallaert , and Maximilien Queyranne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 January 2016

ISBN: 9781513540139

Keywords: Public Expenditure, Efficiency, spending, public, governments, services, State and Local Budget and Expenditures, State and Local Government: Other Expenditure Categories, France.,, Europe

Achieving France’s medium-term fiscal targets will require significant expenditure efforts. This paper identifies areas where there is scope for increasing expenditure efficiency, with a view to achieving higher qu...

Designing Sound Fiscal Relations Across Government Levels in Decentralized Countries

Designing Sound Fiscal Relations Across Government Levels in Decentralized Countries »

Source: Designing Sound Fiscal Relations Across Government Levels in Decentralized Countries

Volume/Issue: 2018/271

Series: IMF Working Papers

Author(s): Robin Boadway , and Luc Eyraud

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2018

ISBN: 9781484387788

Keywords: fiscal federalism, vertical gap, vertical imbalance, fiscal balance, Structure and Scope of Government, General State and Local Taxation, Subsidies, and Revenue State and Local Budget and Expenditures State and Local Borrowing Intergovernmental Relations All Countries fiscal federalism vertical gap vertical imbalance fiscal balance, General State and Local Taxation, and Revenue State and Local Budget and Expenditures State and Local Borrowing Intergovernmental Relations All Countries fiscal federalism vertical gap vertical imbalance fiscal balance

This paper discusses how decentralized countries can achieve sound fiscal relations between the central government and lower government levels. The concepts of 'vertical gap' and 'vertical balance' provide an analy...

Too Small to Fail? Subnational Spending Pressures in Europe

Too Small to Fail? Subnational Spending Pressures in Europe »

Source: Too Small to Fail? Subnational Spending Pressures in Europe

Volume/Issue: 2013/46

Series: IMF Working Papers

Author(s): Luc Eyraud , and Marialuz Moreno Badia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 February 2013

ISBN: 9781475578157

Keywords: fiscal federalism, local governments, EU, decentralization, subnational governments, expenditure decentralization, fiscal decentralization, Structure and Scope of Government, Deficit, General

The purpose of this paper is to assess whether expenditure decentralization has contributed to weakening fiscal performance in Europe. Using a panel of EU15 countries for the period 1995-2011, we estimate three eco...

Narrowing Vertical Fiscal Imbalances in Four European Countries

Narrowing Vertical Fiscal Imbalances in Four European Countries »

Source: Narrowing Vertical Fiscal Imbalances in Four European Countries

Volume/Issue: 2012/91

Series: IMF Working Papers

Author(s): Izabela Karpowicz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2012

ISBN: 9781475502664

Keywords: Federalism, decentralization, vertical fiscal imbalance, local governments, fiscal decentralization, sub-national governments, fiscal balances, Structure, Scope, and Performance of Government

This paper describes the institutional changes that have induced a decline in the vertical fiscal imbalance (VFI) - defined as the share of sub-national own spending not financed through own revenues - in four Euro...

Fragmentation and Vertical Fiscal Imbalances Lessons from Moldova

Fragmentation and Vertical Fiscal Imbalances Lessons from Moldova »

Source: Fragmentation and Vertical Fiscal Imbalances Lessons from Moldova

Volume/Issue: 2014/233

Series: IMF Working Papers

Author(s): Serhan Cevik

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 December 2014

ISBN: 9781498313414

Keywords: Vertical fiscal imbalance, subnational governments, revenues, decentralization, subnational, central government, Structure and Scope of Government, Deficit, General, State and Local Taxation

Using a novel municipality-level panel dataset, this paper investigates the empirical characteristics of vertical fiscal imbalances (VFIs) in Moldova over the period 2005-13. The results show that the extent of var...

Districting and Government Overspending

Districting and Government Overspending »

Source: Districting and Government Overspending

Volume/Issue: 2001/96

Series: IMF Working Papers

Author(s): Reza Baqir

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2001

ISBN: 9781451851915

Keywords: fiscal institutions, electoral systems, comparative politics, city council, government expenditures, city government, Structure, Scope, and Performance of Government, State and Local Budget and Expenditures,

The common-pool problem is a central issue in the relationship between the political structure of jurisdictions and the size of public spending. Models predict that, other things being equal, greater political dist...

How Do Treasury Systems Operate in Sub-Saharan Francophone Africa?

How Do Treasury Systems Operate in Sub-Saharan Francophone Africa? »

Source: How Do Treasury Systems Operate in Sub-Saharan Francophone Africa?

Volume/Issue: 2002/58

Series: IMF Working Papers

Author(s): Luc Leruth , Dominique Bouley , and Jerome Fournel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2002

ISBN: 9781451847871

Keywords: Treasury, monitoring, expenditure process, expenditure, public expenditure, expenditures, public expenditure management, Structure, Scope, and Performance of Government

Treasury systems in sub-Saharan francophone African countries share many features with the French public expenditure management system of the sixties on which they were modeled. However, in a different economic and...

On the Determinants of Fiscal Non-Compliance

On the Determinants of Fiscal Non-Compliance »

Source: On the Determinants of Fiscal Non-Compliance : An Empirical Analysis of Spain's Regions

Volume/Issue: 2017/5

Series: IMF Working Papers

Author(s): Mar Delgado-Téllez , Victor Lledo , and Javier Pérez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2017

ISBN: 9781475569841

Keywords: Regional economics, State taxation, Fiscal policy, Europe, Spain, Fiscal compliance, rules, fiscal federalism, soft budget constraints, Forecasts of Budgets

This paper proposes an empirical framework that distinguishes voluntary from involuntary compliance with fiscal deficit targets on the basis of economic, institutional, and political factors. The framework is appli...

Regional Disparities and Transfer Policies in Russia

Regional Disparities and Transfer Policies in Russia »

Source: Regional Disparities and Transfer Policies in Russia : Theory and Evidence

Volume/Issue: 2001/199

Series: IMF Working Papers

Author(s): Era Dabla-Norris , and Shlomo Weber

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2001

ISBN: 9781451860115

Keywords: Russia, regional disparities, horizontal imbalances, transfers, expenditures, expenditure, expenditure needs, intergovernmental transfers, fiscal capacity, National Government Expenditures and Related Policies: General

In this paper we examine economic disparities across regions in Russia and offer a theoretical treatment of various transfer rules between different regions. We analyze the principle of partial equalization, which...

Fiscal Rules to Tame the Political Budget Cycle

Fiscal Rules to Tame the Political Budget Cycle »

Source: Fiscal Rules to Tame the Political Budget Cycle : Evidence from Italian Municipalities

Volume/Issue: 2017/6

Series: IMF Working Papers

Author(s): Lorenzo Forni , and Andrea Bonfatti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 January 2017

ISBN: 9781475569971

Keywords: Time series, Fiscal rules, Italy, Europe, Government expenditures, Budgets, Regression analysis, local government finance, regression discontinuity, Cross-Sectional Models

The paper provides evidence that fiscal rules can limit the political budget cycle. It focuses on the application of the Italian fiscal rule at the sub-national level over the period 2004-2006 and shows that: 1) mu...