Vertical fiscal imbalances and fiscal performance in advanced economies
成果类型：
Article
署名作者：
Eyraud, Luc; Lusinyan, Lusine
署名单位：
International Monetary Fund; International Monetary Fund
刊物名称：
JOURNAL OF MONETARY ECONOMICS
ISSN/ISSBN：
0304-3932
DOI：
10.1016/j.jmoneco.2013.04.012
发表日期：
2013
页码：
571-587
关键词：
摘要：
The paper examines empirically, using a measure of vertical fiscal imbalances (VFI), the relationship between overall fiscal performance and the financing structure of subnational governments. It presents stylized facts regarding the size, evolution, and components of measured VFI using data from 28 OECD countries. On average, the general government fiscal balance is found to improve by 1 percent of GDP for each 10 percentage point reduction in VFI. (c) 2013 Elsevier B.V. All rights reserved.
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