1. Distribution of fiscal responsibilities in federations / Julio Escolano. [et al.] -- 2. The role of fiscal transfers in smoothing regional shocks / Tigran Poghosyan, Abdelhak Senhadji, and Carlo Cottarelli -- 3. Constraints on subnational fiscal policy / Luc Eyraud and Raquel Gomez Sirera --...

Struggles over what a region receives, or should receive, from the budget of the central government are common to many countries. Discussions often focus on the measures of 'net fiscal flows' or 'fiscal balances' provided by the government or other actors. This unique book shows just how these...