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Fiscal Consolidation Across Government Levels - Part 3. Intergovernmental Grants, Pro- or Counter-cyclical?

This paper provides empirical analysis that measures the cyclical properties of intergovernmental transfers (or grants). Modelling a fiscal policy reaction function this paper tests whether the transfers systems in OECD countries are pro- or counter-cyclical, i.e. whether they offset cyclical fluctu...

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Bibliographic Details
Main Author: Blöchliger, Hansjörg.
Corporate Author: OECD iLibrary.
Other Authors: Égert, Balázs.
Format: Online
Language:English
Published: Paris : OECD Publishing, 2013.
Series:OECD working papers. Economic Department working papers ; no. 1072.
Online Access:Online version
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