Conference Agenda
Overview and details of the sessions of this conference.
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Some information on the session logistics:
If not stated otherwise, the discussant is the following speaker, with the first speaker being the discussant of the last paper. The last speaker of each session is the session chair. (Exception: invited sessions)
Presenters should speak for no more than 20 minutes, and discussants should limit their remarks to no more than 5 minutes. The remaining time should be reserved for audience questions and the presenter’s responses. We suggest following these guidelines also in the (less common) 3-paper sessions in a 2-hour slot, to allow participants to move between sessions. Discussants are encouraged to avoid summarizing the paper. By focusing on a few questions and comments, the discussants can help start a broader discussion with the audience.
Only registered participants can attend this conference. Further information available on the congress website https://www.iseg.ulisboa.pt/en/event/iipf/ .
Venue address: ISEG - Lisbon School of Economics & Management, R. Francesinhas 21, 1200-675 Lisboa, Portugal
Please note that all times are shown in the time zone of the conference. The current conference time is: 17th Sept 2026, 11:40:01am WEST
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Daily Overview |
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D12: Public Debt, Interest Rates, and Fiscal Sustainability Location: Room 113 (Francesinhas 1) | |
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Who Gets Stuck with the Bill? A Dynamic Approach to Fiscal Federalism Friedrich-Alexander-Universität Erlangen-Nürnberg, Germany We evaluate how federal tax policy changes transmit into budget dynamics across different levels of government under fiscal federalism. Our analysis focuses on the responses of federal, state, and municipal expenditures by using a series of exogenous tax shocks resultant from German tax reforms between 1992 and 2022. A proxy SVAR framework allows us to approach causal estimates by exploiting the distinction between exogenous policy shifts and endogenous fiscal responses. Our results show that increases in federal tax revenues lead to a short-run increase and a modest long-run increase in federal expenditures, while state expenditures temporarily decline and municipal responses remain imprecise. Overall, the results suggest that federal revenue shocks do not systematically translate into lasting expenditure adjustments at lower levels of government.
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