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%T Regional redistribution and risk sharing in Italy: the role of different tiers of government %A Zanardi, Alberto %A Arachi, Giampaolo %A Ferrario, Caterina %J Regional Studies %N 1 %P 55-69 %V 44 %D 2010 %K Fiscal policy; Redistribution; Risk sharing; Inter-governmental relations; Regions %= 2011-02-11T11:38:00Z %~ http://www.peerproject.eu/ %> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-215966 %X This paper provides estimates of the redistribution and risk sharing across regional jurisdictions accomplished by the public sector in Italy. In this analysis the multi-level structure of the Italian government and the financial relations which link the different layers of government are explicitly considered. Using panel data for the period 1996-2002 we find that public policies in Italy significantly reduce differences in per-capita GDP across regions. However public budget, far from providing insurance against idiosyncratic shocks, greatly emphasizes income fluctuations across regions. %C GBR %G en %9 journal article %W GESIS - http://www.gesis.org %~ SSOAR - http://www.ssoar.info