Does fiscal oversight matter?

被引：17

作者：

Christofzik, Desiree I. ^{[1
]}

Kessing, Sebastian G. ^{[2
]}

机构：

[1] German Council Econ Experts, Wiesbaden, Germany

[2] Univ Siegen, Dept Econ, Unteres Schloss 3, D-57072 Siegen, Germany

来源：

JOURNAL OF URBAN ECONOMICS | 2018年 / 105卷

关键词：

Fiscal oversight; Fiscal rules; Local government debt; SOFT BUDGET CONSTRAINT; POLICY; RULES; RESTRAINTS; STATES; DEBT; GERMANY; DEFAULT; DEFICIT; COSTS;

D O I：

10.1016/j.jue.2018.03.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

A gradually introduced reform of local government accounting made it temporarily possible for municipalities in the German state of North Rhine-Westphalia to avoid the effective control of their budget by the authorities in charge of overseeing local government budgets and enforcing the existing fiscal rules. Using this withdrawal of effective fiscal oversight, we identify the effects of fiscal restraints and their enforcement on fiscal outcomes. We find that the withdrawal of oversight has a significant and sizable effect on per capita debt of local governments that were previously constrained by fiscal oversight. Fiscal restraints are important, and oversight and enforcement are key requirements for their success.

引用

页码：70 / 87

页数：18

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