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Hamilton’s Paradox: The Promise and Peril of Fiscal Federalism PDF

335 Pages·2005·2.231 MB·English
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by Jonathan A. Rodden| 2005| 335 pages| 2.231| English

About Hamilton’s Paradox: The Promise and Peril of Fiscal Federalism

As new federations take shape and old ones are revived around the world, a difficult challenge is to create incentives for fiscal discipline. A key question is whether a politically-motivated central government can credibly commit not to bail out subnational governments in times of crisis if it funds most of their expenditures. By combining theory, quantitative analysis, and historical and contemporary case studies, this book provides a new perspective on why different countries have had dramatically different experiences with subnational fiscal discipline.

Detailed Information

Author:Jonathan A. Rodden
Publication Year:2005
ISBN:9780511137167
Pages:335
Language:English
File Size:2.231
Format:PDF
Price:FREE
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