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Author : Marianne Vigneault
Release : 2000
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Intergovernmental Fiscal Relations and the Soft Budget Constraint Problem by : Marianne Vigneault
Download or read book Intergovernmental Fiscal Relations and the Soft Budget Constraint Problem written by Marianne Vigneault. This book was released on 2000. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Release : 2005
Genre : Budget
Kind : eBook
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Book Synopsis Intergovernmental Fiscal Relations and the Soft Budget Constraint Problem by :
Download or read book Intergovernmental Fiscal Relations and the Soft Budget Constraint Problem written by . This book was released on 2005. Available in PDF, EPUB and Kindle. Book excerpt: The soft budget constraint problem in intergovernmental fiscal relations arises when subnational governments' spending and borrowing decisions are influenced by the expectation of receiving additional resources from the central government. The paper describes the key determinants of soft budget constraints and surveys the theoretical and empirical literature on the topic. An ssessment of the soft budget constraint problem is provided for selected, developed, developing, and transition economies as reported in the case study literature. The paper concludes with a discussion of the methods that may be employed to mitigate the soft budget constraint problem.
Author : David E. Wildasin
Release : 1997
Genre : Bailouts (Government policy)
Kind : eBook
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Book Synopsis Externalities and Bailouts by : David E. Wildasin
Download or read book Externalities and Bailouts written by David E. Wildasin. This book was released on 1997. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Giuseppe Pisauro
Release : 2001
Genre : Decentralization in government
Kind : eBook
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Book Synopsis Intergovernmental Relations and Fiscal Discipline by : Giuseppe Pisauro
Download or read book Intergovernmental Relations and Fiscal Discipline written by Giuseppe Pisauro. This book was released on 2001. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Guiseppe Pisauro
Release : 2001-05-01
Genre :
Kind : eBook
Book Rating : 687/5 ( reviews)
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. This book was released on 2001-05-01. 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.
