Narrowing Vertical Fiscal Imbalances in Four European Countries

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Price:  $18.00

Author/Editor: Izabela Karpowicz
Release Date: © March, 2012
ISBN : 978-1-47550-266-4
Stock #: WPIEA2012091
English
Stock Status: On back-order

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Description

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 through progressive devolution of revenues to sub-national governments in Belgium, Italy, and Spain, while re-centralization of health sector expenditures was the cause of the decline in the VFI in Norway.

Taxonomy

Economic cooperation , Economic policy , European Economic and Monetary Union , Fiscal policy , Monetary unions




More publications in this series: Working Papers


More publications by: Izabela Karpowicz