000 01741nab#a2200289#c#4500
003 IEF
005 20180219174228.0
008 170721s2017 USA|| #####0 b|ENG|u
040 _aIEF
041 _aENG
100 1 _aAlesina, Alberto
_9484
245 _aPolitical budget cycles
_b evidence from Italian cities
_c Alberto Alesina, Matteo Paradisi
260 _c2017
500 _aDisponible también en línea a través de la Biblioteca del Instituto de Estudios Fiscales. Bibliografía. Resumen.
650 4 _aPRESUPUESTOS LOCALES
_948115
650 4 _aTRIBUTOS LOCALES
_948620
650 4 _aIMPUESTOS LOCALES
_946373
650 4 _aPRESION FISCAL
_948102
650 4 _aELECCIONES
_943408
650 4 _aPOLITICA FISCAL
_948067
650 4 _aITALIA
_947518
520 _aThe introduction of a new real estate taxes in Italy in 2011 provides a natural experiment, which is useful to test for political budget cycles. The new real estate tax allowed discretion to local governments. This generatesa random variation in the distance of municipalities from the following elections when they choose the level of the tax rate. We do find substantial evidence ofpolitical budget cycles, with municipalities choosinglower tax rates when close to elections. We observe this budget cycle for smaller municipalities where the tax was more likely to be the single most important issue for the local government. Cities close to elections with large deficits did not set lower rates andso didmunicipalities with a lower average value of properties.Finally, the political budget cycle is stronger in theSouth.
773 0 _tEconomics &amp
_gPolitics ; v. 29, n. 2, July 2017, p. 157-177
942 _cART
942 _z148299
999 _c137271
_d137271