Fiscal Federalism in Theory and Practice

International Monetary Fund

Fiscal Federalism in Theory and Practice
Format
Paperback
Publisher
International Monetary Fund (IMF)
Country
United States
Published
31 October 2006
Pages
701
ISBN
9781557756633

Fiscal Federalism in Theory and Practice

International Monetary Fund

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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