Intergovernmental Relations and Fiscal Discipline: Between Common Tax Resources and Soft Budget Constraints

Intergovernmental Relations and Fiscal Discipline: Between Common Tax Resources and Soft Budget Constraints
Author :
Publisher : INTERNATIONAL MONETARY FUND
Total Pages : 30
Release :
ISBN-10 : 1451848684
ISBN-13 : 9781451848687
Rating : 4/5 (687 Downloads)

Book Synopsis Intergovernmental Relations and Fiscal Discipline: Between Common Tax Resources and Soft Budget Constraints by : Guiseppe Pisauro

Download or read book Intergovernmental Relations and Fiscal Discipline: Between Common Tax Resources and Soft Budget Constraints written by Guiseppe Pisauro and published by INTERNATIONAL MONETARY FUND. This book was released on 2001-05-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Intergovernmental Relations and Fiscal Discipline: Between Common Tax Resources and Soft Budget Constraints
Language: en
Pages: 30
Authors: Guiseppe Pisauro
Categories:
Type: BOOK - Published: 2001-05-01 - Publisher: INTERNATIONAL MONETARY FUND

DOWNLOAD EBOOK

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 th
Fiscal Adjustment for Stability and Growth
Language: en
Pages: 80
Authors: Mr.James Daniel
Categories: Business & Economics
Type: BOOK - Published: 2006-08-17 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

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 go
Intergovernmental Relations and Fiscal Discipline
Language: en
Pages: 36
Authors: Giuseppe Pisauro
Categories: Decentralization in government
Type: BOOK - Published: 2001 - Publisher:

DOWNLOAD EBOOK

Fiscal Federalism in Latin America
Language: en
Pages: 156
Authors: Eduardo Wiesner Durán
Categories: Business & Economics
Type: BOOK - Published: 2003 - Publisher: IDB

DOWNLOAD EBOOK

This text helps Latin American policymakers meet the challenge of decentralization to improve public sector performance at all levels of government by appropria
Fiscal Policy and Long-Term Growth
Language: en
Pages: 257
Authors: International Monetary Fund
Categories: Business & Economics
Type: BOOK - Published: 2015-04-20 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth a