Coordination et décentralisation des règles budgétaires dans une structure fédéraliste. Le cas des cantons suisses
AbstractThe coordination of fiscal policies between states or municipalities collides with their individual spending and taxing power. When independently adopted, budget rules can potentially endanger the overall need for macroeconomic stabilisation. Utilising the example of the Swiss cantons, the paper analyses the possibility to bring out a counter-cyclical policy when sublevel governments introduce compelling rules to balance or almost balance their budget. It is shown that cantons usually adopt a pro-cyclical behaviour. However this behaviour can be thwarted if the central government uses the vertical intergovernmental transfers as an instrument of its stabilisation policy.
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Bibliographic InfoArticle provided by Armand Colin in its journal Revue d’Économie Régionale & Urbaine.
Volume (Year): juin (2006)
Issue (Month): 1 ()
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Web page: http://www.cairn.info/revue-d-economie-regionale-et-urbaine.htm
coordination; budget rules; subnational governments; pro-cyclicality; fiscal federalism;
Other versions of this item:
- Soguel, Nils, 2005.
"Coordination et décentralisation des règles budgétaires dans une structure fédéraliste: Le cas des cantons suisses
[Coordination and decentralisation of budget rules in a federalist structure:," MPRA Paper 3555, University Library of Munich, Germany, revised Oct 2005.
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Lars P Feld & Gebhard Kirchgässner, 2001. "The political economy of direct legislation: direct democracy and local decision-making," Economic Policy, CEPR & CES & MSH, vol. 16(33), pages 329-367, October.
- Nils Soguel & Marc-Jean Martin, 2005. "26 cantons suisses… 27 politiques budgétaires ou aucune?," Public Economics 0507007, EconWPA.
- Patrick Villieu, 2003. "Pacte de stabilité, crédibilité du policy mix et coordination des politiques budgétaires en union monétaire," Revue économique, Presses de Sciences-Po, vol. 54(1), pages 25-46.
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