000			01984nab#a2200289#c#4500
003			IEF
005			20180219173704.0
008			170523s2017 USA|| #####0 b|ENG|u
040			_aIEF
041			_aENG
100	1		_aForemny, Dirk _960031
245			_aDecentralization and the duration of fiscal consolidation _b shifting theburden across layers of government _c Dirk Foremny, Agnese Sacchi, Simone Salotti
260			_c2017
500			_aDisponible también en línea a través de la Biblioteca del Instituto de Estudios Fiscales. Resumen. Conclusión. Bibliografía. Apéndice.
650		4	_aPOLITICA FISCAL _948067
650		4	_aPRESUPUESTOS _948131
650		4	_aCONSOLIDACION _940606
650		4	_aDESCENTRALIZACION FISCAL _942579
650		4	_aORGANIZACION DE COOPERACION Y DESARROLLO ECONOMICO _947856
520			_aThis paper analyzes the relationship between fiscal decentralization, the duration offiscal consolidation episodes, and their success for 17 OECD countries between 1978 and 2009. Theconsolidation of the general government budget appears to be of longer duration when expendituredecisions are more decentralized. We also find that transfers from higher levels of government are cutduring consolidation episodes, suggesting that central governments shift the burden of consolidation towards lower tiers of government. This is especially truewhen the latter have little legal autonomy to raise tax revenues and have little influence over executive decisions taken at the centrallevel. We document that this increases local governments. public debt/GDP ratios. In terms of the success of consolidation episodes, countrieswith greater degrees of decentralization appear to makesmaller improvements in their primary balance when consolidating.
700	1		_aSacchi, Agnese _955945
700	1		_aSalotti, Simone _963621
773	0		_tPublic Choice _w36930 _gv. 171, n. 3-4, June 2017, p. 359-387
942			_cART
942			_z147985
999			_c132588 _d132588