Fiscal Federalism in Theory and Practice

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Fiscal Federalism in Theory and Practice by , INTERNATIONAL MONETARY FUND
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Author: ISBN: 9781455289127
Publisher: INTERNATIONAL MONETARY FUND Publication: September 10, 1997
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author:
ISBN: 9781455289127
Publisher: INTERNATIONAL MONETARY FUND
Publication: September 10, 1997
Imprint: INTERNATIONAL MONETARY FUND
Language: English
Over the past few decades, a clear trend has emerged worldwide toward the devolution of spending and, to a lesser extent, revenue-raising responsibilities to state and local levels of government. One view is that the decentralization of spending responsibilities can entail substantial gains in terms of distributed equity and macroeconomic management. The papers in this volume, edited by Teresa Ter-Minassian, examine the validity of these views in light of theoretical considerations, as well as the experience of a number of countries.
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Over the past few decades, a clear trend has emerged worldwide toward the devolution of spending and, to a lesser extent, revenue-raising responsibilities to state and local levels of government. One view is that the decentralization of spending responsibilities can entail substantial gains in terms of distributed equity and macroeconomic management. The papers in this volume, edited by Teresa Ter-Minassian, examine the validity of these views in light of theoretical considerations, as well as the experience of a number of countries.

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