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 …

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 …

important to achieve in development objectives is changing as fiscal decentralization reforms are being pursued by many … countries around the world. In this context, a number of studies have attempted to quantify the impact of decentralization by … decentralization is surprisingly difficult to measure. Nearly all cases examining the relationship between decentralization and …

may be created and addressed by local governments, and it does not consider the implications of decentralization for the … design of economic instruments targeted at environmental problems. This paper examines the implications of decentralization …