The fiscal response to revenue shocks
BP2-STS
- Berset, Simon University of Fribourg
- Huber, Martin ORCID University of Fribourg
- Schelker, Mark ORCID University of Fribourg
- 16.03.2022
Published in:
- International Tax and Public Finance. - Springer Science and Business Media LLC. - 2023, vol. 30, no. 3, p. 814-848
English
We study the impact of fiscal revenue shocks on local fiscal policy. We focus on the very volatile revenues from the immovable property gains tax in the canton of Zurich, Switzerland, and analyze fiscal behavior following large and rare positive and negative transitory revenue shocks. We apply causal machine learning strategies and implement the post-double-selection LASSO method to identify the effect of revenue shocks on public finances. We find that local policymakers predominantly smooth transitory fiscal shocks.
- Faculty
- Faculté des sciences économiques et sociales et du management
- Department
- Département d'économie politique
- Language
-
- English
- Classification
- Economics
- License
-
CC BY
- Open access status
- hybrid
- Identifiers
-
- DOI 10.1007/s10797-022-09727-z
- ISSN 0927-5940
- Persistent URL
- https://folia.unifr.ch/unifr/documents/324806
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