This paper empirically examines how fiscal rules and tax autonomy influence deficits of sub-
national sectors across European countries. I use a new panel-data set to measure tax …

This paper develops a dynamic infinite-horizon model with two layers of governments to
study theoretically and quantitatively how fiscal decentralization affects local and central …

Previous literature widely assumes that taxes are optimized in local public finance while
expenditures adjust residually. This paper endogenizes the choice of the optimization …

This paper selectively surveys the theoretical literature to date on governmental soft budgets
where governments are bailing out other governments. The traditional view of …

This paper considers a simple dynamic decentralized leadership model with local borrowing
and regional productivity-enhancing investment. In this model, the central government is …

Federal and state governments often differ in the capacity to pre-commit to expenditure and
tax policy. Whether the implied sequence of public decisions has any efficiency implications …

We analyze the economic impact of using carbon pricing revenue to fund the European
Union (EU) budget. Such a reform would redistribute from countries with above‐average …

We analyze the role of political parties in the provision of public goods within a federal
economy. The public goods are federally funded but locally produced (with costly local …

We explore the normative fiscal assessments of the Finance Commission (FC) of India, and
realisation of fiscal policy with regard to Central Finances over the period 1990–2012. We …

This paper concerns redistribution and public good provision under asymmetric information,
which are here ingredients of a policy-problem facing each member state (nation) of an …