Economics and Business Review

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Poznań University of Economics - Poland

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Volume 4 (18) Number 1 pp. 86-106

Monika Banaszewska

Poznań University of Economics and Business, Faculty of Economics, Department of Public Finance, Poznań, Poland.

Side effects of fiscal rules: a case of Polish local self‑government

Abstract:

The trend towards decentralization of government activities has prompted
an increased interest in sub-national fiscal rules. The paper investigates an ex ante adaptation
to the modified subnational fiscal framework. Using a panel of 2,479 Polish
municipalities in the years 2011-2013 the aim is to verify the existence of the side effect
of the new debt repayment rule. The empirical results show that local government
units for which the new rule would have been more demanding than the former generated
higher revenues per capita from asset sales.

pub/2018_1_86.pdf Full text available in in Adobe Acrobat format:
http://www.ebr.edu.pl/volume18/issue1/2018_1_86.pdf
Keywords: debt repayment rule, fiscal gimmickry, window dressing, budget constraint

DOI: 10.18559/ebr.2018.1.6

For citation:

MLA Banaszewska, Monika. "Side effects of fiscal rules: a case of Polish local self‑government." Economics and Business Review EBR 18.1 (2018): 86-106. DOI: 10.18559/ebr.2018.1.6
APA Banaszewska, M. (2018). Side effects of fiscal rules: a case of Polish local self‑government. Economics and Business Review EBR 18(1), 86-106 DOI: 10.18559/ebr.2018.1.6
ISO 690 BANASZEWSKA, Monika. Side effects of fiscal rules: a case of Polish local self‑government. Economics and Business Review EBR, 2018, 18.1: 86-106. DOI: 10.18559/ebr.2018.1.6