Many industrialized countries have recently implemented fiscal decentralization reforms assigning more competences and spending responsibilities to sub-national governments. In this paper we investigate what leads to the decentralization of different categories of public expenditure in 19 developed countries over the period 1980-2006. Adopting...
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November 3, 2015 (v1)PublicationUploaded on: December 5, 2022
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July 13, 2020 (v1)Publication
Using a spatial general equilibrium model, this paper investigates the resilience of EU regions under three alternative recessionary shocks, each of them activating different economic adjustments and mechanisms. We measure the vulnerability, resistance, and recoverability of regions and we identify key regional features affecting the ability of...
Uploaded on: December 2, 2022 -
July 14, 2020 (v1)Publication
The Investment Plan for Europe aims at removing obstacles to investment, providing visibility and technical assistance to investment projects, and at making smarter use of financial resources. The Investment Plan is made up of three pillars: the European Fund for Strategic Investment (EFSI); the European Investment Advisory Hub and the European...
Uploaded on: December 4, 2022