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Fiscal Performance, Institutional Design and Decentralization in European Union Countries

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 sub...

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Bibliographic Details
Main Author: Eyraud, Luc
Other Authors: Escolano, Julio, Moreno Badia, Marialuz, Sarnes, Juliane
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Working Papers
Subjects:
Fiscal Federalism
Public Finance
State And Local Taxation, Subsidies, And Revenue
Public Finance & Taxation
Fiscal Stance
Budget
Macroeconomics
Budgeting
National Budget
Public Financial Management (pfm)
General Government Spending
Fiscal Rules
Fiscal Policy
Fiscal Policies And Behavior Of Economic Agents: General
Federalism
Intergovernmental Relations
National Government Expenditures And Related Policies: General
Expenditures, Public
Budgeting & Financial Management
Expenditure
Secession
Budget Systems
Denmark
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:32 pages
ISBN:9781463936464

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