Hamilton's Paradox

Name: Hamilton's Paradox
Brand: Cambridge University Press
SKU: 9780521603669
Price: 201.59 RON
Availability: InStock

The Promise and Peril of Fiscal Federalism

Autor: Jonathan A. Rodden

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Legare: Carte broșată

Editura: Cambridge University Press

Disponibilitate: În depozitul extern

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201.59 lei

As new federations take shape and old ones are revived around the world, a difficult challenge is to...

Informații despre carte

Autor

Jonathan A. Rodden

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2005

Pagini

336

EAN

9780521603669

ISBN

0521603668

Enbook ID

02037115

Editura

Cambridge University Press

Greutate

506

Dimensiuni

227 x 153 x 24

Descriere completă

As new federations take shape and old ones are revived around the world, a difficult challenge is to create incentives for fiscal discipline. A key question is whether a politically-motivated central government can credibly commit not to bail out subnational governments in times of crisis if it funds most of their expenditures. The center can commit when subnational governments retain significant tax autonomy, as in the United States. Or if the center dominates taxation, it can tightly regulate borrowing, as in many unitary systems. In a third group of countries including Brazil and Germany, the center can neither commit to a system of market-based discipline nor gain a monopoly over borrowing. By combining theory, quantitative analysis, and historical and contemporary case studies, this book explains why different countries have had dramatically different experiences with subnational fiscal discipline.

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Hamilton's Paradox

The Promise and Peril of Fiscal Federalism

Informații despre carte

Descriere completă

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