Inman, Robert P.; Rubinfeld, Daniel L. - 2021
The existing political and legal institutions of fiscal policy-making are under challenge. As the United States and the …--notably, the need to consider, and balance, the inefficiencies of fiscal policy decentralization (spillovers and wasteful fiscal … competition) against the inefficiencies of fiscal policy centralization (policy cycles and localized 'pork barrel' spending and …