Intergovernmental Relations And Fiscal Discipline Between Common Tax Resources And Soft Budget Constraints
DOWNLOAD
Download Intergovernmental Relations And Fiscal Discipline Between Common Tax Resources And Soft Budget Constraints PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Intergovernmental Relations And Fiscal Discipline Between Common Tax Resources And Soft Budget Constraints book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Intergovernmental Relations And Fiscal Discipline Between Common Tax Resources And Soft Budget Constraints
DOWNLOAD
Author : Guiseppe Pisauro
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2001-05-01
Intergovernmental Relations And Fiscal Discipline Between Common Tax Resources And Soft Budget Constraints written by Guiseppe Pisauro and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-05-01 with categories.
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.
Externalities And Bailouts Hard And Soft Budget Constraints In Intergovernmental Fiscal Relations
DOWNLOAD
Author : E. David Wildasin
language : en
Publisher:
Release Date : 1999
Externalities And Bailouts Hard And Soft Budget Constraints In Intergovernmental Fiscal Relations written by E. David Wildasin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
November 1997 A local government's ability to extract a bailout from a central government depends on how big it is. Larger localities may rationally expect bailouts-and thus operate under softer budget constraints. Effective fiscal decentralization requires an institutional structure that minimizes these adverse incentives. Subnational governments are assuming greater fiscal responsibility in many developing and transition countries. There is concern, however, that fiscal decentralization may weaken fiscal discipline-that local authorities may undertake commitments or incur debt obligations that subsequently result in massive central government support, in the form of extraordinary transfers, or bailouts. (Recent experience in major U.S. cities shows that these problems are not restricted to developing countries.) Such bailouts could in turn cause national fiscal imbalances, excessive borrowing, and macroeconomic instability. Some analysts recommend that central authorities maintain strict control over the fiscal behavior of lower-level governments, but others argue that such controls could undercut the goals of fiscal decentralization, including autonomy. Wildasin shows that central authorities may have strong incentives to prop up the finances of local governments when the public services provided locally benefit the rest of society. The prospect of such interventions may in turn create incentives for localities to underprovide services that produce substantial spillover benefits, using local resources instead for purposes that may benefit local constituencies but not nonresidents. When central fiscal interventions are big enough, and when a loss of local control over the use of fiscal resources is not too costly to local residents, local decisionmakers will act to induce central government bailouts, resulting in inefficient outcomes for the system as a whole. This is not to say that fiscal decentralization produces perverse incentives or requires central government control over local fiscal policies. But incentives for bailouts can be especially strong when local governments are considered too big to fail-for example, New York, Philadelphia, and Washington, DC (in the United States) and São Paulo and Rio de Janeiro (in Brazil). In such cases, the repercussions from major breakdowns in the provision of services-or in debt servicing-can be too costly for central governments to ignore. Problems of fiscal discipline may result not because there is too much fiscal decentralization, says Wildasin, but because there is too little. It may make sense to carry out more thorough decentralization-for example, devolving fiscal authorities to smaller jurisdictions or special-purpose functional units, or subdividing large subnational jurisdictions into many smaller units. This paper-a product of the Development Research Group-is part of a larger effort in the group to understand fiscal decentralization.
Fiscal Adjustment For Stability And Growth
DOWNLOAD
Author : Mr.James Daniel
language : en
Publisher: International Monetary Fund
Release Date : 2006-08-17
Fiscal Adjustment For Stability And Growth written by Mr.James Daniel and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-08-17 with Business & Economics categories.
The pamphlet (which updates the 1995 Guidelines for Fiscal Adjustment) presents the IMF’s approach to fiscal adjustment, and focuses on the role that sound government finances play in promoting macroeconomic stability and growth. Structured around five practical questions—when to adjust, how to assess the fiscal position, what makes for successful adjustment, how to carry out adjustment, and which institutions can help—it covers topics such as tax policies, debt sustainability, fiscal responsibility laws, and transparency.
Fiscal Decentralization And The Challenge Of Hard Budget Constraints
DOWNLOAD
Author : Jonathan Rodden
language : en
Publisher: MIT Press
Release Date : 2003
Fiscal Decentralization And The Challenge Of Hard Budget Constraints written by Jonathan Rodden and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
A multi-country study of the conditions under which decentralized countries might ensure fiscal discipline.
Intergovernmental Relations And Fiscal Discipline
DOWNLOAD
Author : Giuseppe Pisauro
language : en
Publisher:
Release Date : 2001
Intergovernmental Relations And Fiscal Discipline written by Giuseppe Pisauro and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Decentralization in government categories.
Intergovernmental Fiscal Transfers
DOWNLOAD
Author : Robin W. Boadway
language : en
Publisher: World Bank Publications
Release Date : 2007
Intergovernmental Fiscal Transfers written by Robin W. Boadway and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Political Science categories.
The design of intergovernmental fiscal transfers has a strong bearing on efficiency and equity of public service provision and accountable local governance. This book provides a comprehensive one-stop window/source of materials to guide practitioners and scholars on design and worldwide practices in intergovernmental fiscal transfers and their implications for efficiency, and equity in public services provision as well as accountable governance.
On The Determinants Of Fiscal Non Compliance
DOWNLOAD
Author : Victor Duarte Lledo
language : en
Publisher: International Monetary Fund
Release Date : 2017-01-20
On The Determinants Of Fiscal Non Compliance written by Victor Duarte Lledo and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-20 with Business & Economics categories.
This paper proposes an empirical framework that distinguishes voluntary from involuntary compliance with fiscal deficit targets on the basis of economic, institutional, and political factors. The framework is applied to Spain’s Autonomous Communities (regions) over the period 2002-2015. Fiscal noncompliance among Spain’s regions has shown to be persistent. It increases with the size of growth forecast errors and the extent to which fiscal targets are tightened, factors not fully under the control of regional governments. Non-compliance also tends to increase during election years, when vertical fiscal imbalances accentuate, and market financing costs subside. Strong fiscal rules have not shown any significant impact in containing fiscal non-compliance. Reducing fiscal non-compliance in multilevel governance systems such as the one in Spain requires a comprehensive assessment of intergovernmental fiscal arrangements that looks beyond rules-based frameworks by ensuring enforcement procedures are politically credible.
Making Fiscal Decentralization Work
DOWNLOAD
Author : Ms.Annalisa Fedelino
language : en
Publisher: International Monetary Fund
Release Date : 2010-10-06
Making Fiscal Decentralization Work written by Ms.Annalisa Fedelino and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-10-06 with Business & Economics categories.
The question of what makes fiscal decentralization work is faced by many policymakers around the world. This book draws on both the relevant literature and policy and technical advice provided by the IMF to a wide range of member countries, and discusses the key factors that help make decentralization sustainable, efficient, and equitable from a macroeconomic perspective. It focuses on institutional reforms (in the revenue and expenditure assignments to different levels of government, the design of intergovernmental transfers, and public financial management systems) that are suited to different countries circumstances, and their appropriate sequencing.
Policy Performance And Management In Governance And Intergovernmental Relations
DOWNLOAD
Author : Edoardo Ongaro
language : en
Publisher: Edward Elgar Publishing
Release Date : 2011-01-01
Policy Performance And Management In Governance And Intergovernmental Relations written by Edoardo Ongaro and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-01 with Political Science categories.
The trend towards multi-level and intergovernmental governance arrangements has created a need for a new analytic language and for new frameworks of analysis. It has changed the nature of decision-making. This timely book combines perspective from public policy, public management and public finance and provides new insights into who governs the multi-level and intergovernmental polity and how it is governed, making it an essential addition to the literature. Steven Van de Walle, Erasmus University Rotterdam, the Netherlands This innovative book presents a transatlantic comparison of governance and Intergovernmental Relations (IGR) policy, performance and management. By examining both analytical and empirical differences and similarities between the European Union and the United States, this comprehensive book provides a better understanding of (inter) governmental systems, settings and actors operating in the post New Public Management Era. The expert contributors consider processes of policy formulation and implementation from an intergovernmental point of view, examine issues of performance and accountability that rise in IGR settings and zoom in on the importance and implications of IGR for welfare. Taken together, these insights provide an important next step into the world of transatlantic research and comparison. This timely book will appeal to academics and researchers involved in IGR and Multi-Level Governance from the US and Europe as well as post-graduate students in public administration and public policy.
International Journal Of Public Budget
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2001
International Journal Of Public Budget written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.