Fiscal Performance, Institutional Design and Decentralization in European Union Countries

Eyraud, Luc

This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into account fiscal institutional arrangements. We find that spending decentralization has been associated with sizably better fiscal performance, especially when transfer dependency of subnational governments is low. However, subnational fiscal rules do not seem to be associated with better performance

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Year of publication:	2012
Authors:	Eyraud, Luc
Other Persons:	Tuladhar, Anita (contributor) ; Sarnes, Juliane (contributor) ; Escolano, Julio (contributor) ; Eyraud, Luc (contributor) ; Moreno Badía, Marialuz (contributor)
Publisher:	Washington, D.C : International Monetary Fund
Subject:	Dezentralisierung \| Decentralization \| EU-Staaten \| EU countries \| Finanzpolitik \| Fiscal policy \| Öffentliche Finanzen \| Public finance \| Finanzbeziehungen \| Fiscal relations