the EU and the mernber states. It takes the theory of fiscal federalism as a starting point for an optimal allocation of …

American “we-do-federalism-right” triumphalism. In the United States, as in Europe, subordinate governments are beset by … governments. That commitment was once the glory of American federalism. Over the past decade, however, the no-bailout commitment … has effectively collapsed. Its demise entails fundamental changes in American federalism, none of them encouraging. After …

This paper analyzes the impact of fiscal federalism on income inequality and redistribution. Theoretically …

minimizing informational spillovers. To address this failure, we introduce a dynamic form of federalism in which the central …