The politics of intergovernmental transfers and local government deficits: Theory and evidence
DOI:
https://doi.org/10.24201/ee.v8i1.291Keywords:
fiscal policy, coordination failure, Argentina, Great BritainAbstract
The purpose of this paper is twofold. First, we present a model of decentralized fiscal policy making where a "coordination failure" problem arises. Second, we make an effort in order to empirically test this approach by developing an empirical investigation based on the recent experience of two countries: Argentina and Great Britain.
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