1. Distribution of fiscal responsibilities in federations / Julio Escolano. [et al.] -- 2. The role of fiscal transfers in smoothing regional shocks / Tigran Poghosyan, Abdelhak Senhadji, and Carlo Cottarelli -- 3. Constraints on subnational fiscal policy / Luc Eyraud and Raquel Gomez Sirera --...

Differences in per capita output across Canadian provinces have narrowed less than disparities in per capita income in past decades. Using a panel regression framework, this paper studies the differential impact of federal transfer programs on output convergence. The evidence suggests that while...