OECD Working Papers on Fiscal Federalism

ISSN :
2226-5848 (online)
DOI :
10.1787/22265848
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The Fiscal Federalism Working Paper series covers issues related to intergovernmental fiscal relations and local/regional public finance, such as: tax and spending assignment across government levels; intergovernmental grants; fiscal equalization; local and regional public service efficiency; inter-jurisdictional tax competition; and macroeconomic issues such as intergovernmental fiscal management and sub-central fiscal rules.
Note. Nos 1, 6 and 8 are available in OECD Economics Department Working Papers, as Nos 465, 626 and 705.
 

Fiscal Policy Across Levels of Government in Times of Crisis You or your institution have access to this content

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Author(s):
Hansjörg Blöchliger1, Monica Brezzi1, Claire Charbit1, Mauro Migotto1, José Maria Pinero Campos1, Camila Vammalle1
Author Affiliations
  • 1: OECD, France

Publication Date
05 Mar 2010
Bibliographic information
No.:
12
Pages
33
DOI
10.1787/5k97b10wqn46-en

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The world is recovering from the worst economic and financial crisis since the Great Depression. The recovery will probably be shallow and government deficits could remain very large over the next few years in a number of countries. The crisis has a negative impact not only on central governments, but also on sub-national governments. While the situation varies from country to country, depending on the institutional environment, types of revenue sources and spending responsibilities, an increasing number of sub-national governments are facing budget imbalances, as the economic slump is putting upward pressure on spending, while pushing down tax revenues.