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Fiscal Federalism in Europe: Lessons From the United States Experience / Robert P. Inman, Daniel L. Rubinfeld.
- Format:
- Book
- Author/Creator:
- Inman, Robert P.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w3941.
- NBER working paper series no. w3941
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Fiscal Federalism in Europe
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1991.
- Summary:
- The existing political and legal institutions of fiscal policy-making are under challenge. As the United States and the eastern European and Soviet states experiment with policy decentralization, the states of western Europe are looking to a more centralized policy structure via the E.E.C.. This paper seeks to raise issues of importance to all such reform efforts--notably, the need to consider, and balance, the inefficiencies of fiscal policy decentralization (spillovers and wasteful fiscal competition) against the inefficiencies of fiscal policy centralization (policy cycles and localized 'pork barrel' spending and taxes). The need to develop new fiscal policy institutions emphasizing voluntary agreements and responsive 'agenda-setters' is stressed.
- Notes:
- Print version record
- December 1991.
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