Theory of Public Finance in a Federal State
This book gives a new answer to the old question about the optimal degree of fiscal decentralization in a federal state. It shows that fiscal decentralization is a method to disclose the preferences of currently living and future generations for local public goods, to limit the size of the government, and to avoid excessive public debt finance. While the allocative branch ...more
Paperback, 228 pages
Published
November 2nd 2006
by Cambridge University Press
(first published 2006)
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