decentralization and the potential trade-offs between decentralization and income redistribution. By contrast, it has generally put … less emphasis on the effects of decentralization on macroeconomic management, although policymakers worldwide increasingly … have to grapple with these effects. This paper examines the constraints that a high degree of decentralization can place on …

decentralization systems by examining the sequencing and economic principles underlying revenue and expenditure assignments, the use of …

liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances …Several transition economies have undertaken fiscal decentralization reforms over the past two decades along with …