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We develop a model of policy experimentation in federal systems in which heterogeneous districts choose both whether to experiment and the policies to experiment with. The prospect of informational spillovers implies that in the fi rst best the districts converge in their policy choice....
Persistent link: https://www.econbiz.de/10011862030
The paper analyzes one important aspect of the constitutional debate: the allocation of econornie competences between the EU and the mernber states. It takes the theory of fiscal federalism as a starting point for an optimal allocation of economic competences. The main message of the theory is...
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Fiscal decentralization has been, and remains high on the policy agenda of many countries. It is mainly driven by … disparities in incomes or resource endowments. More generally, decentralization pressures frequently reflect a desire for more … motivation, fiscal decentralization can have important macroeconomic implications. Therefore, Fund advice to member countries …
Persistent link: https://www.econbiz.de/10014410401
The paper analyzes one important aspect of the constitutional debate: the allocation of econornie competences between the EU and the mernber states. It takes the theory of fiscal federalism as a starting point for an optimal allocation of economic competences. The main message of the theory is...
Persistent link: https://www.econbiz.de/10010265546