Eyraud, Luc; Tuladhar, Anita; Escolano, Julio; Badia, … - International Monetary Fund (IMF) - 2012
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 …