Fiscal Performance, Institutional Design and Decentralization in European Union Countries [electronic resource] Eyraud, Luc.
- Washington, D.C. : International Monetary Fund, 2012.
- IMF eLibrary
IMF Working Papers; Working Paper No. 12/45.
IMF Working Papers; Working Paper No. 12/45
- Government document
1 online resource (32 p.)
- Local subjects:
- Budget balance.
Central government fiscal.
Central government spending.
Discretionary fiscal policy.
Economic case for decentralization.
Fiscal reaction function.
General government expenditure.
Intergovernmental fiscal relations.
Medium-term budgetary frameworks.
Medium-term fiscal frameworks.
National fiscal rules.
State and Local Taxation, Subsidies, and Revenue.
Subnational government expenditure.
Tax collection capacity.
- This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into account fiscal institutional arrangements. We find that spending decentralization has been associated with sizably better fiscal performance, especially when transfer dependency of subnational governments is low. However, subnational fiscal rules do not seem to be associated with better performance.
- Description based on print version record.
- Escolano, Julio.
Moreno Badia, Marialuz.
- Other format:
- Print Version:
- Publisher Number:
- Access Restriction:
- Restricted for use by site license.
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