Fiscal Decentralization and the Challenge of Hard Budget Constraints

by Gunnar S. Eskeland, Jonathan Rodden, Jennie I. Litvack, et al.

A multi-country study of the conditions under which decentralized countries might ensure fiscal discipline.

In many parts of the world, lower levels of government are taking over responsibilities from national authorities. This often leads to difficulty in maintaining fiscal discipline. So-called soft budget constraints allow these subnational governments to expand expenditures without facing the full cost. Until now, however, there...

• Format: Hardcover
• Language: English
• ISBN: 0262182297
• ISBN13: 9780262182294
• Release Date: February 2003
• Publisher: MIT Press
• Length: 486 Pages
• Weight: 1.75 lbs.
• Dimensions: 1.1" x 6.1" x 9.4"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher