1 SINCE LITHUANIA INSTITUTED ITS CURRENCY BOARD, monetary policy has been eliminated as a tool for demand side management. The national government can attempt to steer its taxation and spending decisions within a macroeconomic framework, but also has to account for the independent fiscal decisionmaking of local governments. This problem has been minimized by the high degree of centralization, eliminating any role for local governments in deciding on forms of taxation or tax rates. The one area that Lithuanian municipalities can adjust is the amount of tax abatement in the jurisdiction. This paper seeks to investigate the determinants of the level of municipal tax abatements, as the one part of fiscal policy that is outside the direct control of the national government and as such may offset or reinforce national fiscal policy.
ronald clute合作论文数2Wali I. Mondal合作论文数2
William Zame合作论文数Department of Economics, University of California, Los Angeles;Department of Mathematics, College of Physical Sciences, University of California, Los Angeles1Thomas A. Gresik合作论文数Department of Economics and Econometrics, University of Notre Dame1
Marc Willinger合作论文数Lameta, Université de Montpellier1Avner Kalay合作论文数DESB, University of Utah1Mark Pingle合作论文数1
