Institutions of Intergovernmental Fiscal Relations: Challenges Ahead

Fiscal adjustment, decentralisation and sub-national autonomy

DOI:https://dx.doi.org/10.1787/9789264246966-6-en

This paper studies the relationship between fiscal decentralisation and the duration of the fiscal consolidation episodes in 17 OECD countries between 1978 and 2009. It appears that consolidation lasts longer when expenditure decentralisation is higher. The paper also finds that transfers from ...



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