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Hamilton's paradox : the promise and peril of fiscal federalism
Resource Information
The work Hamilton's paradox : the promise and peril of fiscal federalism represents a distinct intellectual or artistic creation found in European University Institute Library. This resource is a combination of several types including: Work, Language Material, Books.

The Resource Hamilton's paradox : the promise and peril of fiscal federalism
Label
Hamilton's paradox : the promise and peril of fiscal federalism
Title remainder
the promise and peril of fiscal federalism
Statement of responsibility
Jonathan A. Rodden
Creator
  • Rodden, Jonathan
Subject
  • Central-local government relations
  • Intergovernmental fiscal relations
  • Revenue sharing
Language
eng
Summary
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. The center can commit when subnational governments retain significant tax autonomy, as in the United States. Or if the center dominates taxation, it can tightly regulate borrowing, as in many unitary systems. In a third group of countries including Brazil and Germany, the center can neither commit to a system of market-based discipline nor gain a monopoly over borrowing. By combining theory, quantitative analysis, and historical and contemporary case studies, this book explains why different countries have had dramatically different experiences with subnational fiscal discipline.--
Member of
  • Cambridge studies in comparative politics
Assigning source
Provided by publisher
Cataloging source
UkCbUP
Index
index present
Literary form
non fiction
Nature of contents
dictionaries
Series statement
  • Cambridge studies in comparative politics
  • Cambridge Social Sciences eBooks

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  • Hamilton's paradox : the promise and peril of fiscal federalism, Jonathan A. Rodden, (electronic resource)
  • Hamilton's paradox : the promise and peril of fiscal federalism, Jonathan A. Rodden, (electronic resource)
  • Hamilton's paradox : the promise and peril of fiscal federalism, Jonathan A. Rodden, (electronic resource)

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