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 …

While there is extensive knowledge about how to design fiscal decentralization policies, considerably less is … understood about how a decentralization program should be sequenced and implemented. Countries embarking on decentralization … often struggle with decisions about the essential components of decentralization, including the order of an introduction of …

The paper provides an empirical analysis of the determinants of fiscal decentralization within Russian regions in 1994 … of the determinants of decentralization that points to the link between decentralization and the structure of regional … government revenue: access to windfall revenues leads to a more centralized governance structure. The degree of decentralization …

decentralization is associated with improved fiscal performance and better functioning of internal common markets. Fiscal policy … discipline. Fiscal decentralization poses significant challenges for macroeconomic management. These challenges require careful …

quantitatively how fiscal decentralization affects local and central government debt accumulation and spending. In the model, the … local and central debts are inefficiently high. Consistent with empirical evidence, when fiscal decentralization widens …