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Hamilton's Paradox: The Promise and Peril of Fiscal Federalism: Cambridge Studies in Comparative Politics

Autor Jonathan A. Rodden
en Limba Engleză Paperback – 25 dec 2005
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.
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Specificații

ISBN-13: 9780521603669
ISBN-10: 0521603668
Pagini: 336
Ilustrații: 22 tables
Dimensiuni: 152 x 228 x 18 mm
Greutate: 0.45 kg
Editura: Cambridge University Press
Colecția Cambridge University Press
Seria Cambridge Studies in Comparative Politics

Locul publicării:New York, United States

Cuprins

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.

Recenzii

"This timely book takes on a crucial topic for scholars and practitioners-especially in newly democratizing societies that are walking the potentially dangerous and complex road towards decentralization. It departs from what was becoming conventional wisdom, and develops a more critical and agnostic approach to federalism and decentralization than its predecessors. Roddenas arguments emerge from comparative politics, game theory, and modern macroeconomics, and his empirical approach combines subtlety and breadth by mixing quantitative and qualitative analyses, ranging from cross-country regressions to rich treatments of complex historical cases.(continued underneath)
Especially appealing is the fact that his country specialization is thematic and comparative rather than regional. Hamilton's Paradox will become a must-read for economists, political scientists, and other analysis interested in federalism, fiscal policy, and institutional development more generally, and it sets the agenda for future research in the field." Mariano Tommasi, Universidad de San Andrés
"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

Notă biografică


Descriere

This book explains why different countries have had dramatically different experiences with subnational fiscal discipline.