This paper reviews the current knowledge on an issue of increasing policy interest: what impact fiscal decentralization has on economic growth. Fiscal decentralization may indeed have a direct impact on economic growth but the theoretical underpinnings for this relationship remain largely...

In the preface to this report, it is asserted that, "history hovers... over any discussion of fiscal federalism in Russia." This report not only reviews that history, but also follows it to the present situation with respect to the difficult policy choices facing the new Putin-led government,...