| 000 -LEADER |
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| fixed length control field |
01548nam a22001577a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
230313b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Zabler, Steffen |
| 245 ## - TITLE STATEMENT |
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| Title |
Uncovering the effect of local government debt brakes in Germany using synthetic controls |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
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| Place of publication, distribution, etc |
Local Government Studies |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
48(5), Oct, 2022: p.864-886 |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc |
Strategies for limiting public debt remain a constant issue in public policy and are set to become more salient considering the current high levels of public spending in response to the COVID-19 crisis. One noteworthy strategy has been the introduction of institutional debt brakes. Although public debt at the local level does not necessarily follow the same rules and trends as debt at the national level, debt brakes at the local level are not nearly as comprehensively covered by both public and scholarly debate. The adoption of voluntary debt brakes in several German municipalities in the last decade offers intra-state variance to assess their fiscal effectiveness. A generalised synthetic control analysis is applied to mitigate for the special challenges of causal attribution and rare treatment cases. This approach provides a clear result: on average debt brakes in their present form are unable to limit debt levels in the examined municipalities. – Reproduced |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Local public finance, Debt brake, Debt limit, Local government debt, Synthetic control method. |
| 9 (RLIN) |
36861 |
| 773 ## - HOST ITEM ENTRY |
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| Main entry heading |
Local Government Studies |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) |
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| Subject DIP |
LOCAL GOVERNMENT |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Item type |
Articles |
