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 …

"-competitiveness, transparency, and governance. We observe the rise and fall of the "Washington Consensus"-privatization and liberalization- and the …

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 …

This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into … account fiscal institutional arrangements. We find that spending decentralization has been associated with sizably better …

In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers …

empirical evidence about actual country practices. This paper presents data on fiscal decentralization for about 80 countries … for transition economies, the levels of decentralization are relatively stable over the time period. The findings are … factors identified in the literature as determining the extent of fiscal decentralization …

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 …