Free Delivery Over $100
|
|
|||
|
||||
OverviewDoes the European Union need closer fiscal integration, and in particular a stronger fiscal centre, to become more resilient to economic shocks? This book looks at the experience of 13 federal states to help inform the heated debate on this issue. It analyses in detail their practices in devolving responsibilities from the subnational to the central level, compares them to those of the European Union, and draws lessons for a possible future fiscal union in Europe. More specifically, this book tries to answer three sets of questions: What is the role of centralized fiscal policies in federations, and hence the size, features and functions of the central budget? What institutional arrangements are used to coordinate fiscal policy between the federal and subnational levels? What are the links between federal and subnational debt, and how have subnational financing crises been handled, when they occurred? These policy questions are critical in many federations, and central to the current discussions about future paths for the European Union. This book brings to the table new, practical insights through a systematic and comprehensive comparison of the EU fiscal framework with that of federal states. It also departs from the decentralization perspective that has been prominent in the literature by focusing on the role of the centre (which responsibilities are centralized at the federal level and how they are handled, rather than which functions belong to the local level). Such an approach is particularly relevant for the European Union, where a fiscal union would imply granting new powers to the centre. Full Product DetailsAuthor: Carlo Cottarelli (IMF, Washington, USA) , Martine Guerguil (IMF, Washington, USA)Publisher: Taylor & Francis Ltd Imprint: Routledge Weight: 0.390kg ISBN: 9780367669119ISBN 10: 0367669110 Pages: 262 Publication Date: 30 September 2020 Audience: College/higher education , Tertiary & Higher Education , Undergraduate Format: Paperback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsReviewsAuthor InformationCarlo Cottarelli is a Special Commissioner for Public Spending in Italy. Previously, he was Director of the Fiscal Affairs Department of the IMF. Martine Guerguil oversees the preparation of the IMF flagship Fiscal Monitor. In her previous positions in the IMF, Martine Guerguil led work on debt sustainability and debt relief and on macroeconomic policy design in Latin America and Africa. Tab Content 6Author Website:Countries AvailableAll regions |
||||
