Uma comparacao das receitas "per capita" dos governos estaduais e municipais revela um fato marcante no Brasil: Estados e municipios com populacoes relativamente ricas nao necessariamente tem governos com recursos correspondentes. Essa constatacao talvez nao surpreenda devido a importancia das...

The traditional theory of fiscal federalism assigns the role of macroeconomic stabilization to the federal government. In addition to this long-standing theoretical result, there is empirical observation that federal governments in developing countries typically have cheaper and more stable...

The traditional theory of fiscal federalism assigns the role of macroeconomic stabilization to the federal government. In addition to this long-standing theoretical result, there is empirical observation that federal governments in developing countries typically have cheaper and more stable...