Książka Hamilton's Paradox Jonathan A.  Rodden

Hamilton's Paradox

The Promise and Peril of Fiscal Federalism

Język: Angielski
Oprawa: Twarda
Dostępność: Dostępna u dostawcy
Wysyłamy za 10-18 dni
268.94
As new federations take shape and old ones are revived around the world, a difficult challenge is to...

Informacje o książce

Język
Angielski
Oprawa
Książka - Twarda
Data wydania
2005
strony
334
EAN
9780521842693
ISBN
0521842697
Enbook ID
02046535
Waga
660
Wymiary
152 x 229 x 22

Pełny opis

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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