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Citations for "Externalities and Bailouts: Hard and Soft Budget Constraints in Intergovernmental Fiscal Relations"

by David E. Wildasin

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  1. Yingyi Qian & Barry R. Weingast, 1997. "Federalism as a Commitment to Reserving Market Incentives," Journal of Economic Perspectives, American Economic Association, vol. 11(4), pages 83-92, Fall.
  2. Stefan Voigt, 2011. "Positive constitutional economics II—a survey of recent developments," Public Choice, Springer, vol. 146(1), pages 205-256, January.
  3. Kiguel, Miguel A, 1998. "Debt management: the Argentine case," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34383, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  4. Robert Inman, 2001. "Transfers and Bailouts: Institutions for Enforcing Local Fiscal Discipline," Constitutional Political Economy, Springer, vol. 12(2), pages 141-160, June.
  5. Tanzi, Vito, 1998. "Corruption in the public finances," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34371, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  6. Foremny, Dirk, 2014. "Sub-national deficits in European countries: The impact of fiscal rules and tax autonomy," European Journal of Political Economy, Elsevier, vol. 34(C), pages 86-110.
  7. Alexander Fink & Thomas Stratmann, 2009. "Institutionalized Bailouts and Fiscal Policy: The Consequences of Soft Budget Constraints," CESifo Working Paper Series 2827, CESifo Group Munich.
  8. Timothy J. Goodspeed, 2011. "Corruption, accountability, and decentralization: theory and evidence from Mexico," Working Papers 2011/32, Institut d'Economia de Barcelona (IEB).
  9. Paula Salinas Pena & Albert Sole-Olle, 2009. "Evaluating the effects of decentralization on educational outcomes in Spain," Working Papers in Economics 228, Universitat de Barcelona. Espai de Recerca en Economia.
  10. W. D. Gregori, 2014. "Fiscal Rules and Public Spending: Evidence from Italian Municipalities," Working Papers wp923, Dipartimento Scienze Economiche, Universita' di Bologna.
  11. Mello, Luiz R. de, 1998. "Intergovernmental fiscal relations: co-ordination failures and fiscal outcomes," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34389, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  12. Fahrholz, Christian & Wójcik, Cezary, 2013. "The Eurozone needs exit rules," Journal of Banking & Finance, Elsevier, vol. 37(11), pages 4665-4674.
  13. Hagen, Terje P. & Kaarboe, Oddvar M., 2006. "The Norwegian hospital reform of 2002: Central government takes over ownership of public hospitals," Health Policy, Elsevier, vol. 76(3), pages 320-333, May.
  14. Irwin, Timothy, et al, 1998. "Managing contingent public liabilities in infrastructure privatization," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34375, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  15. Jorge Martinez-Vazquez & Violeta Vulovic, 2016. "How Well Do Subnational Borrowing Regulations Work?," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1601, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
  16. Pranab Bardhan, 2002. "Decentralization of Governance and Development," Journal of Economic Perspectives, American Economic Association, vol. 16(4), pages 185-205, Fall.
  17. Dietrichson, Jens & Ellegård, Lina Maria, 2015. "Assist or desist? Conditional bailouts and fiscal discipline in local governments," European Journal of Political Economy, Elsevier, vol. 38(C), pages 153-168.
  18. Kothenburger, Marko, 2007. "Ex-post redistribution in a federation: Implications for corrective policy," Journal of Public Economics, Elsevier, vol. 91(3-4), pages 481-496, April.
  19. Baskaran, Thushyanthan, 2012. "Soft budget constraints and strategic interactions in subnational borrowing: Evidence from the German States, 1975–2005," Journal of Urban Economics, Elsevier, vol. 71(1), pages 114-127.
  20. Albert Solé-Ollé & Pilar Sorribas-Navarro, 2012. "The dynamic adjustment of local government budgets: does Spain behave differently?," Applied Economics, Taylor & Francis Journals, vol. 44(25), pages 3203-3213, September.
  21. Aldasoro, Iñaki & Seiferling, Mike, 2014. "Vertical fiscal imbalances and the accumulation of government debt," SAFE Working Paper Series 61, Research Center SAFE - Sustainable Architecture for Finance in Europe, Goethe University Frankfurt.
  22. Sengupta, Bodhisattva, 2016. "Endogenous Leadership in a Federal Transfer Game," MPRA Paper 71882, University Library of Munich, Germany.
  23. Qian, Yingyi & Roland, Gerard, 1998. "Federalism and the Soft Budget Constraint," American Economic Review, American Economic Association, vol. 88(5), pages 1143-1162, December.
  24. Uthoff, Andras & Bravo, Jorge Horacio, 1998. "Deuda previsional y privatización de los sistemas de pensiones," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34377, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  25. Crivelli, Ernesto & Staal, Klaas, 2006. "Size and soft budget constraints," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 172, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
  26. Rains, Luisa & Febres, Jorge, 1998. "La corrupción en el ámbito de la administración tributaria," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34370, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  27. Castilla Domingo, Manuel, 1998. "Mejores prácticas y futuro de las aduanas," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34374, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  28. Sengupta, Bodhisatva, 2016. "Endogenous Leadership in a Federal Transfer Game," Working Papers 16/180, National Institute of Public Finance and Policy.
  29. Guillermo Larraín & Helmut Reisen & Julia von Maltzan, 1997. "Emerging Market Risk and Sovereign Credit Ratings," OECD Development Centre Working Papers 124, OECD Publishing.
  30. Freinkman, Lev & Yossifov, Plamen, 1999. "Decentralization in regional fiscal systems in Russia - trends and links to economic performance," Policy Research Working Paper Series 2100, The World Bank.
  31. Abdul Jalil, Ahmad Zafarullah & Abdul Karim, Noor Al-Huda, 2008. "Constraining the spending behavior of subnational governments through borrowing limitation: The case of Malaysia," MPRA Paper 25234, University Library of Munich, Germany.
  32. Zarko Y. Kalamov, 2012. "Prudent Fiscal Policy in the Presence of Bailout Expectations," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 68(4), pages 365-382, December.
  33. Sanguinetti, Pablo & Tommasi, Mariano, 2004. "Intergovernmental transfers and fiscal behavior insurance versus aggregate discipline," Journal of International Economics, Elsevier, vol. 62(1), pages 149-170, January.
  34. Jin, Hehui & Qian, Yingyi & Weingast, Barry R., 2005. "Regional decentralization and fiscal incentives: Federalism, Chinese style," Journal of Public Economics, Elsevier, vol. 89(9-10), pages 1719-1742, September.
  35. Russo, Massimo, 1998. "Policy coordination in the European Union (from the EMS to EMU)," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34386, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  36. Koethenbuerger, Marko, 2011. "How do local governments decide on public policy in fiscal federalism? Tax vs. expenditure optimization," Journal of Public Economics, Elsevier, vol. 95(11), pages 1516-1522.
  37. Pilar Sorribas-Navarro, 2006. "(When) Are Intergovernmental Transfers Used to Bail Out Regional Governments? Evidence from Spain 1986-2001," Working Papers 2006/7, Institut d'Economia de Barcelona (IEB).
  38. Dufrénot, G. & Frouté, P. & Schalck, C., 2010. "The French Regions’ Borrowing Behaviours. How heterogeneous are they?," Working papers 289, Banque de France.
  39. Emilson Silva, 2015. "Efficient earmarking under decentralized fiscal commitments," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 22(4), pages 683-701, August.
  40. Emilson Caputo Delfino Silva, 2017. "Tax competition and federal equalization schemes with decentralized leadership," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 24(1), pages 164-178, February.
  41. Toshihiro Ihori, 2008. "Overlapping Tax Revenue, Local Debt Control and Soft-Budget Constraint," CIRJE F-Series CIRJE-F-552, CIRJE, Faculty of Economics, University of Tokyo.
  42. Wildasin, David E., 2004. "The Institutions of Federalism: Toward an Analytical Framework," National Tax Journal, National Tax Association, vol. 57(2), pages 247-272, June.
  43. Padovano, Fabio, 2012. "The drivers of interregional policy choices: Evidence from Italy," European Journal of Political Economy, Elsevier, vol. 28(3), pages 324-340.
  44. -, 1998. "X Seminario Regional de Política Fiscal: compendio de documentos," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34368, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  45. Magnussen, Jon & Hagen, Terje P. & Kaarboe, Oddvar M., 2007. "Centralized or decentralized? A case study of Norwegian hospital reform," Social Science & Medicine, Elsevier, vol. 64(10), pages 2129-2137, May.
  46. Thushyanthan Baskaran, 2010. "On the link between fiscal decentralization and public debt in OECD countries," Public Choice, Springer, vol. 145(3), pages 351-378, December.
  47. Wallace E. Oates, 2006. "On the Theory and Practice of Fiscal Decentralization," Working Papers 2006-05, University of Kentucky, Institute for Federalism and Intergovernmental Relations.
  48. Stefan Voigt & Lorenz Blume, 2012. "The economic effects of federalism and decentralization—a cross-country assessment," Public Choice, Springer, vol. 151(1), pages 229-254, April.
  49. Koethenbuerger, Marko, 2008. "Federal tax-transfer policy and intergovernmental pre-commitment," Regional Science and Urban Economics, Elsevier, vol. 38(1), pages 16-31, January.
  50. Mehrdad Vahabi, 2001. "The Soft Budget Constraint: A Theoretical Clarification," Post-Print hal-00629160, HAL.
  51. Cosulich Ayala, Jorge, 1998. "Reforma de las administraciones tributarias en los países miembros del CIAT de América Latina y el Caribe: lecciones aprendidas y temas pendientes," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34373, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  52. Sorribas-Navarro, Pilar, 2011. "Bailouts in a fiscal federal system: Evidence from Spain," European Journal of Political Economy, Elsevier, vol. 27(1), pages 154-170, March.
  53. Guiseppe Pisauro, 2001. "Intergovernmental Relations and Fiscal Discipline; Between Commons and Soft Budget Constraints," IMF Working Papers 01/65, International Monetary Fund.
  54. Giuriato, Luisa & Gastaldi, Francesca, 2009. "The domestic stability pact in Italy: a rule for discipline?," MPRA Paper 15183, University Library of Munich, Germany.
  55. repec:imf:imfwpa:01/201 is not listed on IDEAS
  56. Ernesto Stein, 1999. "Fiscal Decentralization and Government Size in Latin America," Journal of Applied Economics, Universidad del CEMA, vol. 2, pages 357-391, November.
  57. Barbosa, Fabio Oliveira, 1998. "Public debt management after stabilization: the recent Brazilian experience," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34381, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  58. Gong, Liutang & Zou, Heng-fu, 2002. "Optimal taxation and intergovernmental transfer in a dynamic model with multiple levels of government," Journal of Economic Dynamics and Control, Elsevier, vol. 26(12), pages 1975-2003, October.
  59. Berthold, Norbert & Fricke, Holger, 2007. "China's Booming Economy: Does the Federal Order Foster Growth?," Discussion Paper Series 95, Julius Maximilian University of Würzburg, Chair of Economic Order and Social Policy.
  60. Herold, Katharina, 2009. "Intergovernmental grants and financial autonomy under asymmetric information," FiFo Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 09-2, University of Cologne, FiFo Institute for Public Economics.
  61. Buettner, Thiess, 2009. "The contribution of equalization transfers to fiscal adjustment: Empirical results for German municipalities and a US-German comparison," Journal of Comparative Economics, Elsevier, vol. 37(3), pages 417-431, September.
  62. J. Kornai & E. Maskin & G. Roland., 2004. "Understanding the Soft Budget Constraint," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 12.
  63. Takero Doi & Toshihiro Ihori, 2006. "Soft-Budget Constraints and Local Expenditures," CIRJE F-Series CIRJE-F-422, CIRJE, Faculty of Economics, University of Tokyo.
  64. Tanzi, Vito, 1998. "Principal-agent problems and fiscal policy," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34369, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  65. David Wildasin, 2009. "State and Local Government Finance in the Current Crisis: Time for Emergency Federal Relief?," Working Papers 2009-07, University of Kentucky, Institute for Federalism and Intergovernmental Relations.
  66. Maria Csanadi, 2001. "A Model Explaining Social and Political Change of Party-states Structural and Dynamic Background of Similarities and Differences in Reproduction, reforms, Collapse and Transformation," IEHAS Discussion Papers 0101, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
  67. Stein, Ernesto H., 1998. "Fiscal descentralization and government size in Latin America," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34390, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  68. Johnson, Simon & Kaufmann, Daniel & Zoido-Lobatón, Pablo, 1998. "Corruption, public finances and the unofficial economy," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34372, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  69. Laurent Bouton & Marjorie Gassner & Vincenzo Verardi, 2005. "The Tragedy of the Commons or the Curse of Federalism," Public Economics 0511013, EconWPA.
  70. Weingast, Barry R., 2009. "Second generation fiscal federalism: The implications of fiscal incentives," Journal of Urban Economics, Elsevier, vol. 65(3), pages 279-293, May.
  71. Robin Boadway, 2004. "The Theory and Practice of Equalization," CESifo Economic Studies, CESifo, vol. 50(1), pages 211-254.
  72. Thushyanthan Baskaran, 2012. "Tax Decentralization and Public Deficits in OECD Countries," Publius: The Journal of Federalism, Oxford University Press, vol. 42(4), pages 688-707, October.
  73. Lars P. Feld & Gebhard Kirchgaessner & Christoph A. Schaltegger, 2010. "Decentralized Taxation and the Size of Government: Evidence from Swiss State and Local Governments," Southern Economic Journal, Southern Economic Association, vol. 77(1), pages 27-48, July.
  74. Engel, Eduardo & Fischer, Ronald D & Galetovic P., Alexander, 1998. "Infrastructure franchising and government guarantees," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34378, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  75. Ernesto Crivelli & Klaas Staal, 2013. "Size, spillovers and soft budget constraints," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 20(2), pages 338-356, April.
  76. Boamah, Daniel O., 1998. "Barbados' public debt and its management," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34384, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  77. Juan José Echavarría & Carolina Rentería & Roberto Steiner, 2002. "Decentralization and Bailouts in Colombia," IDB Publications (Working Papers) 1085, Inter-American Development Bank.
  78. Zarko Kalamov & Klaas Staal, 2016. "Public debt, bailouts, and common bonds," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 23(4), pages 670-692, August.
  79. Kothenburger, Marko, 2004. "Tax competition in a fiscal union with decentralized leadership," Journal of Urban Economics, Elsevier, vol. 55(3), pages 498-513, May.
  80. Antonio A. Bellofatto & Martín Besfamille, 2015. "Regional State Capacity and the Optimal Degree of Fiscal Decentralization," Documentos de Trabajo 460, Instituto de Economia. Pontificia Universidad Católica de Chile..
  81. Levaggi, Rosella, 2010. "From local to global public goods: How should externalities be represented?," Economic Modelling, Elsevier, vol. 27(5), pages 1040-1042, September.
  82. Eyraud, Luc & Lusinyan, Lusine, 2013. "Vertical fiscal imbalances and fiscal performance in advanced economies," Journal of Monetary Economics, Elsevier, vol. 60(5), pages 571-587.
  83. Timothy J. Goodspeed & Jorge Martinez-Vazquez & Li Zhang, 2011. "The role of public services and taxes in attracting ‘foreign’ direct investment," Economics Working Paper Archive at Hunter College 433, Hunter College Department of Economics.
  84. Besfamille, Martin & Lockwood, Ben, 2004. "Are Hard Budget Constraints for Sub-National Governments Always Efficient?," The Warwick Economics Research Paper Series (TWERPS) 717, University of Warwick, Department of Economics.
  85. repec:spr:ecogov:v:18:y:2017:i:3:d:10.1007_s10101-017-0194-8 is not listed on IDEAS
  86. Baskaran, Thushyanthan, 2014. "The political economy of special needs transfers: Evidence from Bavarian municipalities, 1993-2011," Center for European, Governance and Economic Development Research Discussion Papers 211, University of Goettingen, Department of Economics.
  87. Timothy Goodspeed, 2002. "Bailouts in a Federation," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 9(4), pages 409-421, August.
  88. Juan José Echavarría Soto & Carolina Rentería & Roberto Steiner, 2000. "Decentralization and Bailouts in Colombia," INFORMES DE INVESTIGACIÓN 002252, FEDESARROLLO.
  89. Serhan Cevik, 2011. "Policy Coordination in Fiscal Federalism; Drawing Lessons From the Dubai Debt Crisis," IMF Working Papers 11/147, International Monetary Fund.
  90. David Wildasin, 2007. "Disaster Policy in the US Federation: Intergovernmental Incentives and Institutional Reform," Working Papers 2007-01, University of Kentucky, Institute for Federalism and Intergovernmental Relations.
  91. Kornai, Janos, 2001. "Hardening the budget constraint: The experience of the post-socialist countries," European Economic Review, Elsevier, vol. 45(9), pages 1573-1599, October.
  92. Breuillé, Marie-Laure & Vigneault, Marianne, 2010. "Overlapping soft budget constraints," Journal of Urban Economics, Elsevier, vol. 67(3), pages 259-269, May.
  93. Giambiagi, Fabio, 1998. "Coordinación de políticas macroeconómicas: notas pra la profundización de la integración en los países del MERCOSUR," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34385, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  94. Toro C., Jorge H. & Fernández Delgado, Eduardo, 1998. "Contratos de concesión y asignación de riesgos: ejemplo para el caso colombiano," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34379, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  95. Wallace Oates, 2005. "Toward A Second-Generation Theory of Fiscal Federalism," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 12(4), pages 349-373, August.
  96. Berthold, Norbert & Fricke, Holger, 2005. "Föderalismus und Wachstum: Eine vernachlässigte Beziehung," Discussion Paper Series 83, Julius Maximilian University of Würzburg, Chair of Economic Order and Social Policy.
  97. Luiz de Mello, 2007. "Local Government Finances: The Link between Intergovernmental Transfers and Net Worth," OECD Economics Department Working Papers 581, OECD Publishing.
  98. Ter-Minassian, Teresa, 1998. "Selected issues in public debt management," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34382, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  99. Vahabi, Mehrdad, 2011. "Soft budget constraint and the parastatal sector," MPRA Paper 37926, University Library of Munich, Germany.
  100. Afonso S. Bevilaqua, 2002. "State Government Bailouts in Brazil," Research Department Publications 3137, Inter-American Development Bank, Research Department.
  101. Blejer, Mario I., 1998. "Macroeconomic policy coordination in a more integrated world," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34388, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  102. Paolo Liberati, 2011. "Financing Regions and Local Governments: Problems and Perspectives," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 1, March.
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