Hamilton's Paradox: The Promise and Peril of Fiscal Federalism

ISBN-13: 9780521603669 / Angielski / Miękka / 2005 / 336 str.

Jonathan A. Rodden

Opis

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.

Recenzje

"This is a landmark book on fiscal federalism and one that will be influential both in policy circles and in the academy for many years to come." Mark Hallerberg, Emory University

Spis treści

1. Introduction and overview; 2. Promise and peril: intellectual history; 3. Sovereignty and commitment; 4. The power of the purse: intergovernmental grants and fiscal discipline; 5. Disease or cure? Political parties and fiscal discipline; 6. An approach to comparative case studies; 7. Fiscal federalism and bailouts in postwar Germany; 8. The crisis of fiscal federalism in Brazil; 9. The challenge of reform in federations; 10. The origins of subnational sovereignty; 11. Conclusions.