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Intro -- Contents -- I. INTRODUCTION -- II. A BENCHMARK: PRINCIPLES OF DECENTRALIZATION REFORM -- III. UGANDA'S DECENTRALIZATION PROCESS: THE INSTITUTIONS -- IV. SPECIFIC OUTCOMES IN SERVICE DELIVERY -- V. FINAL REMARKS -- References.
Persistent link: https://www.econbiz.de/10013042569
This paper critically reviews recent work regarding the sustainability of public debt. It argues that Debt Sustainability Analyses (DSAs) should be more than mere mechanical simulation exercises. Instead, a DSA should be linked to some objective regarding the distribution of fiscal burdens and...
Persistent link: https://www.econbiz.de/10012689867
This paper assesses Japan's fiscal stance in the past and the future with a stochastic structural model called the Buffer-Stock Model of the Government. Our retrospective analysis suggests that the fiscal stance in the 1990s and the early 2000s was overall looser than the model recommendations....
Persistent link: https://www.econbiz.de/10015060166
This paper compares Canadian central government budget forecasting with forecasting by other industrial countries. While fiscal forecasting in Canada is governed by one of the strongest institutional frameworks, quantitative analysis suggests that budget projections of macroeconomic and fiscal...
Persistent link: https://www.econbiz.de/10005769053
Fiscal decentralization is likely to entail a bias in the budget process toward higher public expenses and deficits. The paper reviews lessons drawn from the theoretical literature and international experience on the design of intergovernmental relations. The institutional setup should address...
Persistent link: https://www.econbiz.de/10005599749
Countries have adopted various institutional responses to subnational government borrowing. Using a sample of 44 countries 1982-2000, this paper provides a panel data analysis to determine the most effective borrowing constraints for containing local fiscal deficits. The results suggest that no...
Persistent link: https://www.econbiz.de/10005264111
Fiscal Responsibility Laws (FRLs) appear to be more popular in middle-income countries than advanced countries, even though their success is limited. The reasons why few advanced countries have a FRL include: the existing legal framework for the budget system is adequate; supranational rules and...
Persistent link: https://www.econbiz.de/10008727812
Transparent public financial management at the subnational level requires institutions and processes that mirror those needed at the central government level, in order to generate better accountability and competition among different subnational governments, critical elements in ensuring good...
Persistent link: https://www.econbiz.de/10005599626
This paper explores initiatives to date by the IMF, financial markets, and civil society organizations to assess and utilize information on fiscal transparency. The results of surveys and interviews of rating agency analysts and surveys of civil society organizations on their level of awareness...
Persistent link: https://www.econbiz.de/10005604995
The main tasks of central banks are to secure price and financial stability. These objectives can, in times of crises, conflict with one another, and the central bank may have to renounce one of them in order to secure the other. In a monetary union, this trade-off can be exacerbated by the...
Persistent link: https://www.econbiz.de/10005826053