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Fiscal Federalism 2014

Making Decentralisation Work

image of Fiscal Federalism 2014

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.

English

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Foreword

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.

English

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