| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5061250 | Economics Letters | 2010 | 4 Pages |
Abstract
We show that Ricardian equivalence holds for local public finance if and only if subnational units use property taxes. However, for other tax bases, the unique equilibrium has the same economic outcome as in models where districts may not issue debt.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
John William Hatfield,