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Author Pisauro, Guiseppe

Title Intergovernmental Relations and Fiscal Discipline : Between Common Tax Resources and Soft Budget Constraints / Pisauro, Guiseppe
Published Washington, D.C. : International Monetary Fund, 2001
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Description 1 online resource (30 pages)
Summary Fiscal decentralization is likely to entail a bias in the budget process toward higher public expenses and deficits. The paper reviews lessons drawn from the theoretical literature and international experience on the design of intergovernmental relations. The institutional setup should address the dual problem of "common tax resources" and "soft" budget constraints, where policies devised to correct one problem may exacerbate the other. An approach based on full tax autonomy of lower-tier governments and reliance on market discipline, not supplemented by self-imposed constitutional limits, is not advisable. More effective seems to be a cooperative approach with some preeminence granted to the central government
Notes Available in PDF, ePUB, and Mobi formats on the Internet
Form Electronic book
Author Pisauro, Guiseppe
International Monetary Fund.
ISBN 1281405329
1451895267
9781281405326
9781451895261
OTHER TI IMF eLibrary