Intergovernmental Relations And Fiscal Discipline Between Common Tax Resources And Soft Budget Constraints
Download Intergovernmental Relations And Fiscal Discipline Between Common Tax Resources And Soft Budget Constraints full books in PDF, epub, and Kindle. Read online free Intergovernmental Relations And Fiscal Discipline Between Common Tax Resources And Soft Budget Constraints ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Intergovernmental Relations and Fiscal Discipline: Between Common Tax Resources and Soft Budget Constraints
Author | : Guiseppe Pisauro |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 30 |
Release | : 2001-05-01 |
Genre | : |
ISBN | : 9781451848687 |
Download Intergovernmental Relations and Fiscal Discipline: Between Common Tax Resources and Soft Budget Constraints Book in PDF, Epub and Kindle
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.
Intergovernmental Relations and Fiscal Discipline: Between Common Tax Resources and Soft Budget Constraints Related Books
Pages: 30
Pages: 31
Pages: 502
Pages: 79
Pages: 30