Fiscal Federalism 2014

Making Decentralisation Work

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This book offers an overview on recent trends and policies in intergovernmental fiscal relations and sub-central government. Accessible chapters provide: insight into how sub-central governments are managing ongoing consolidation, as well as how fiscal decentralisation fosters economic growth and educational attainment; a balanced account of the virtues and limits of tax competition between jurisdictions; an overview of fiscal equalisation policy; and some fascinating background information about past tax and public service reforms.




Over the past years, state and local governments had to weather the storm of the economic and fiscal crisis. Some were badly hit; others resurged largely unscathed, depending in part on whether intergovernmental fiscal frameworks were well structured. Such frameworks are a key ingredient in fiscal policy, as they can ensure that fiscal consolidation is achieved in an effective and fair manner.


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