Countries have adopted various institutional responses to subnational government borrowing. Using a sample of 44 countries 1982-2000, this paper provides a panel data analysis to determine the most effective borrowing constraints for containing local fiscal deficits. The results suggest that no...

This paper describes the institutional changes that have induced a decline in the vertical fiscal imbalance (VFI) - defined as the share of sub-national own spending not financed through own revenues - in four European countries: Belgium, Italy, Norway, and Spain. The decline in VFI was achieved...

The Poverty Reduction Strategy Paper (PRSP) has been prepared in a context of major political changes. Interim PRSP has come in the midst of a difficult economic situation, marked by falling output and incomes. The strategy seeks to strengthen the processes of consolidating peace and security;...

This text aims to analytically reflect on the decentralized execution process of the National School Feeding Program (PNAE), especially after an innovation that occurred through Law No. 11.947/2009, with the requirement that all federative entities commit a minimum of 30% of financial transfers...

This text aims to analytically reflect on the decentralized execution process of the National School Feeding Program (PNAE), especially after an innovation that occurred through Law No. 11.947/2009, with the requirement that all federative entities commit a minimum of 30% of financial transfers...

We study fiscal spending by supranational unions, where participation is voluntary and countries bargain over contributions to and the allocation of a central budget. We explore the link between the allocation and nations ́contributions that occurs since bargaining power is endogenous, and...