We reevaluate fiscal illusion in local public finance. The Ricardian Equivalence Theorem
suggests that the financing of a public program using either taxation or debt shouldn't affect …

We re-evaluate two forms of fiscal illusion in local public finance: debt illusion and renter
illusion. The Ricardian Equivalence Theorem for local governments suggests the form of …

Nicht zuletzt durch den fortschreitenden Prozeß der europäischen Integration hat das
wissenschaftliche Interesse an der Zuordnung finanzpolitischer Kompetenzen auf …

In economies with reasonably mobile individuals, the demand for property depends on
current as well as future taxes and public services. As a consequence, the current level of …

国外地方政府债务的研究伴随着财政联邦主义理论的出现而开始受到学者关注,
无论在研究内容, 还是在研究方法上, 都形成了系统的体系和严密的逻辑. 国内地方政府债务研究 …

This paper studies the financing of local public projects. The setting is a community with
durable housing, undeveloped land available for new homes, and population turnover. The …

Abstract The Ricardian Equivalence Theorem establishes a set of conditions under which
the form of finance of a public program (tax or debt finance) has no effects on any …

This article compares several rules of coordinated debt policies to show that the central
government intervention is not required to carry out an efficient local debt policy. The main …

Ricardian equivalence for local government bonds: A utility maximization approach -
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It has become standard practice to estimate the value of amenities, such as environmental
cleanliness, local school quality and crime, using hedonic valuations—typically changes in …