Grants to Local Governments under National Fiscal Discipline: The Case of France

Alain Guengant () and Jean-Michel Josselin ()
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Alain Guengant: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique
Jean-Michel Josselin: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique

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Abstract: The article explores the consequences of the renewed budget constraint for member-states of the European Union, focussing on internal fiscal adjustments between the central government and the local public sector. The model is applied to the recent and current reforms of the French system of public finance. The requirements of the monetary union seem to reinforce the economic and political role of the central government. Either in times of recession or in periods of growth, there may be a tendency towards re-centralisation of fiscal prerogatives and of the power to tax.

Keywords: Bargaining; Public finance; Local public sector; Fiscal adjustments; European Union; France; War of attrition; Bargaining. (search for similar items in EconPapers)
Date: 2005
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Published in Urban public economics review = Revista de economía pública urbana, 2005, 3, pp.69-89

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00005019

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